We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTekCapital Share News (TEK)

Share Price Information for TekCapital (TEK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 8.25
Bid: 8.00
Ask: 8.50
Change: -0.35 (-4.19%)
Spread: 0.50 (6.25%)
Open: 8.35
High: 8.00
Low: 8.00
Prev. Close: 8.35
TEK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

WINNERS & LOSERS SUMMARY: NMC Health Surges On Stake Sale Report

Thu, 22nd Aug 2019 10:30

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.

----------

FTSE 100 - WINNERS

----------

NMC Health, up 30%. The UAE-focused private healthcare operator proposed a share buyback after reporting interim profit and revenue growth following a "strong" performance. For the six months ended June, pretax profit widened 18% to USD140.6 million from USD118.7 million the year prior. This was after revenue rose 33% to USD1.24 billion from USD932.0 million the year before. In a separate announcement, NMC announced its intention to seek shareholder approval for a share buyback programme worth up to USD200 million in order to "take advantage of exceptional price volatility" at the firm. Earlier on Thursday, Reuters reported two groups were making competing offers to buy a 40% stake in NMC worth up to USD1.9 billion. "Half-year results show that earnings continue to grow, it is getting better at managing working capital and debt pressures are easing. But perhaps the real reason behind today's share price spike is chatter that two groups including one backed by China's Fosun, are fighting to buy a 40% stake in NMC, potentially at a premium to last night's market price," said AJ Bell's Russ Mould.

----------

FTSE 100 - LOSERS

----------

Imperial Brands, down 2.5%, Prudential, down 2.1%, Schroders, down 1.9%. The stocks went ex-dividend meaning new buyers no longer qualify for the latest payout.

----------

Ocado, down 2.0%. The online grocer said its customer fulfilment centre in south-east London had experienced a small fire outside the building, which has now been extinguished. The grocery delivery firm said a "small fire" in a hopper containing waste packaging outside the building was reported at its operations in Erith. The London Fire Brigade have since put the fire out. Ocado emphasised that no part of the material handling equipment at the site was involved in the fire. In February, the company's customer fulfilment centre in Andover, England, was burned down following a fire caused by an electrical fault which resulted in one of its grocery-carrying robots going up in flames.

----------

FTSE 250 - WINNERS

----------

Premier Oil, up 5.5%. The oil and gas company said it swung to profit in the first half of 2019 after delivering double-digit uplift in output. The company said it saw "record" production in the six months to the end of June, totalling 84,100 barrels of oil equivalent a day, up 10% from 76,200 barrels of oil equivalent daily reported a year prior. As a result, Premier's sales revenue jumped to USD871.3 million from USD625.0 million the year before, helping it to swing to profit of USD112.4 million from a loss of USD24.7 million. Looking ahead, Premier maintained its 2019 production guidance of between 75,000 and 80,000 barrels of oil equivalent a day and expenditure of USD12 per barrel of oil equivalent.

----------

GVC Holdings, up 4.3%. The gambling company said Chief Executive Kenneth Alexander purchased GBP5 million in shares, expressing his confidence in "strong" long-term returns. Alexander acquired 833,334 shares in the FTSE 250-listed gambling company at a price of 588.17 pence each, totalling GBP4.9 million. Following this deal, which was completed on Wednesday, Alexander holds 2.5 million shares in GVC. In addition, four independent directors bought shares on the same day, while Chief Financial Officer Robert Wood acquired stock on Tuesday. Wood purchased 18,000 shares at 578p each, totalling GBP104,040. Jane Anscombe and Pierre Bouchut bought 12,000 and 9,000 shares, respectively, at a price of 588.17p each, worth GBP70,580 and GBP52,935, respectively. Peter Isola and Virginia McDowell, meanwhile, acquired 16,800 and 8,000 shares, respectively, at the same price, totalling GBP98,813 and GBP47,054, respectively.

----------

FTSE 250 - LOSERS

----------

John Laing, down 8.5%. The infrastructure company reported a fall in first half profit amid challenges in Europe and Australia. The company said pretax profit for the six months to the end of June declined to GBP35 million from GBP175 million a year earlier due to a sharp fall in operating income to GBP76 million from GBP213 million. Net asset value stood at GBP1.60 billion, or 325 pence per share, as at June 30 versus GBP1.59 billion, or 323p, as at the end of December 2018. Portfolio value at the end of June stood at GBP1.54 billion, up 3.5% on the rebased portfolio value at the end of December 2018.

----------

OTHER MAIN MARKET AND AIM - WINNERS

----------

Tekcapital, up 19%. The intellectual property investor posted a substantial profit increase for the first half of its financial year, resulting from a sharp increase in the fair value of its portfolio companies. The group's pretax profit for the six months to May 31 was USD4.4 million, up from only USD105,996 the year before, after a USD4.8 million net increase in the fair value of its portfolio companies pushed revenue up to USD5.4 million from USD1.3 million. Tekcapital has opted to prioritise investment in its current portfolio companies. In 2018, the company said it was looking into investing "in a new portfolio company in the cannabidiol space". While Tekcapital is still interested in this investment, the firm has decided to wait on additional progress from its exiting portfolio companies before moving forward with the deal.

----------

More News
11 Jan 2024 13:49

IN BRIEF: Tekcapital receives notices of allowance for eyewear patents

Tekcapital PLC - London-based intellectual property investment company - Says its portfolio company Innovative Eyewear Inc has received notices of allowance from the US patent and trademark agency for 14 patents protecting its Lucy Lyte smart eyewear designs. The notices indicate that Innovative's glasses, which connect to bluetooth and come with built-in audio features, are patentable. Innovative expects the design patents, which relate to the glasses' front plate and temple designs, to be issued after the payment of the issue fees. Tekcapital did not provide a timeline for the patents' progression.

Read more
9 Jan 2024 10:11

Tekcapital says MicroSalt listed on Amazon UK for distribution

(Alliance News) - Tekcapital PLC on Tuesday said its MicroSalt low-sodium shakers will be sold on the Amazon UK platform.

Read more
22 Dec 2023 20:45

EARNINGS AND TRADING: Plexus sees good momentum; Gfinity loss widens

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Read more
13 Dec 2023 15:29

TRADING UPDATES: Tekcapital says Lucyd upgrades eyewear with ChatGPT

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
13 Dec 2023 14:33

Tekcapital investee Lucyd integrates ChatGPT into app

(Sharecast News) - Intellectual property investor Tekcapital updated the market on its portfolio company Innovative Eyewear on Wednesday after the latter unveiled a significant update to the Lucyd app for Android.

Read more
12 Dec 2023 10:44

IN BRIEF: Tekcapital investee launches new smart eyewear collection

Tekcapital PLC - London-based intellectual property investment company - Says investee Innovative Eyewear Inc has announced the launch of its Nautica Smart Eyewear collection through a deal with New York-based brand management firm Authentic Brands Group LLC. Collection will be available in eight sunglass styles with all frames accepting prescription lenses. Tekcapital expects it to ship in January.

Read more
21 Nov 2023 12:43

IN BRIEF: MicroSalt delays London IPO for second time to mid-December

MicroSalt PLC - London-based developer of manufacturing process that produces a salt crystal about 100 times smaller than traditional salt, providing saltiness with lower sodium - Says initial public offering on AIM market in London will take place in mid-December. MicroSalt previously had planned to IPO in mid-October and then had delayed that to mid-November, without giving a reason. The broker and nominated adviser for MicroSalt is Zeus Capital. London-based intellectual property investment company Tekcapital PLC holds an 87.2% stake in MicroSalt, while VHM Global Research Inc has 5.9%. Provides no sizing or pricing details for planned IPO.

Read more
17 Nov 2023 11:18

IN BRIEF: Tekcapital investee launches new smart glasses charger

Tekcapital PLC - London-based intellectual property investment company - Innovative Eyewear launches new edition of patent-pending Lucyd Dock for its Lucyd Lyte smart eyewear. New features include compatibility with all Lucyd models, charging ports for smartphones and other devices, and USB data capability. Dock 2.0 however maintains prior retail price of USD34.99. TekCapital also notes that Innovative Eyewear glasses are ChatGPT enabled. The company owns an approximate 40% stake in Innovative Eyewear, comprising 5.2 million shares. "We are closer than ever to our goal of the world's most user-friendly smartglasses with the launch of the Lucyd Dock 2.0," says Innovative Eyewear's Chief Executive Officer Harrison Gross.

Read more
1 Nov 2023 14:54

CORRECT: Tekcapital's MicroSalt strikes distribution deal for crisps

(Correcting Tekcapital PLC share price.)

Read more
1 Nov 2023 12:00

Tekcapital's MicroSalt crisps to be distributed by MR Williams

(Alliance News) - Tekcapital PLC on Wednesday said MicroSalt's low sodium SaltMe! Crisps will be sold by distributor MR Williams in Henderson, North Carolina.

Read more
20 Oct 2023 14:26

IN BRIEF: Tekcapital's MicroSalt delays planned IPO to mid-November

MicroSalt PLC - London-based developer of patent protected and scalable manufacturing process that produces a salt crystal that is about 100 times smaller than traditional salt - On Tuesday, delayed planned initial public offering to mid-November, without giving a reason. IPO was originally planned to take place on Wednesday this week. London-based intellectual property investment company Tekcapital PLC holds an 87% stake in MicroSalt.

Read more
19 Oct 2023 11:52

IN BRIEF: Tekcapital says MicroSalt crisps to be sold in Longs Drugs

Tekcapital PLC - London-based intellectual property investment company - Says Hawaii-based pharmacy chain, Longs Drugs, will supply MicroSalt's 'SaltMe!' crisps in their stores. Tekcapital holds an 87% stake in London-based Microsalt. Microsalt's patent protected and scalable manufacturing process produces salt crystals about 100 times smaller than those in traditional salt.

Read more
17 Oct 2023 14:52

IN BRIEF: Tekcapital's Innovative Eyewear launches new products

Tekcapital PLC - London-based intellectual property investment company - Innovative Eyewear Inc launches new collection of eyewear with "enhanced features and comfort." Says the Lyte XL collection launched Tuesday on Lucyd.co and Amazon.com. Takcapital has a 40% shareholding in Innovative Eyewear.

Read more
5 Oct 2023 11:13

Tekcapital says pleased with Belluscura's recent developments

(Alliance News) - Tekcapital PLC on Thursday positively noted that Belluscura PLC's developments over the past weeks.

Read more
3 Oct 2023 13:49

CORRECT: Tekcapital's investee MicroSalt to IPO in London October 18

(Clarifies that only Konrad Dabrowski has a connection with Tekcapital.)

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.