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Pin to quick picksTern Share News (TERN)

Share Price Information for Tern (TERN)

London Stock Exchange
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Share Price: 2.70
Bid: 2.60
Ask: 2.80
Change: 0.10 (3.85%)
Spread: 0.20 (7.692%)
Open: 2.60
High: 2.70
Low: 2.60
Prev. Close: 2.60
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AIM WINNERS & LOSERS: Tern raises GBP6 million; Kromek revenue down

Wed, 14th Jul 2021 11:30

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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AIM - WINNERS

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Symphony Environmental Technologies, up 11% at 21.17 pence, 12-month range 10.65p-47.0p. The anti-microbial plastic technologies firm receives approval from the US Food & Drug Administration for its d2p antimicrobial food contact technology.

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88 Energy, up 7.9% at 1.89p, 12-month range 0.24p-4.70p. The Alaska-focused oil exploration and appraisal company says additional phase one geochemical analysis of fluid extracts from Merlin-1 well core samples again demonstrates the presence of hydrocarbons. Results from phase two of side-wall core trim analysis are expected in the next few weeks. Phase two is designed to confirm not only the presence of oil but also the nature of the source rock, to help understand the likely quality of the oil as well as migration pathways.

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Alpha FX Group, up 6.7% at 1,665.00p, 12-month range 677p-1,720p. The foreign exchange risk management and international payments firm says trading in the first half ended June 30 has been "strong" across its business, with revenue up 89% year on year at GBP34 million. Adds 84 new clients and notes average revenue per client continued to increase. The company expects to exceed current internal expectations for 2021, on the back of continued strong trading. In 2020, saw revenue of GBP46.2 million with pretax profit of GBP17.1 million.

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Avacta, up 5.9% at 143.56p, 12-month range 88.66p-291.80p. The developer of diagnostics and cancer therapies says Life Sciences unit gets ISO 13485 certification for the quality management system for the manufacture and distribution of Affimer reagents for use in lateral flow, ELISA and immunodiagnostic in-vitro diagnostic devices.

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Fulcrum Utility Services, up 5.6% at 32.74p, 12-month range 28.25p-43.60p. The energy and multi-utility services provider wins new GBP4.9 million multi-utility infrastructure contract from unnamed "large investor developer", for a "major" new employment park in the West Midlands. As part of the contract, the company will design and install a high voltage primary substation and the electricity, water, and gas infrastructure to "energise and power" the new development.

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AIM - LOSERS

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Tern, down 13% at 19.40p, 12-month range 5.50p-31.67p. The investment firm completes fundraise at the issue price of 18.8p per share. The retail offer and subscription were both oversubscribed and the company said it raised GBP2 million and GBP4 million, respectively. "We intend to utilise the proceeds to maximise the value to our shareholders of our portfolio, and I look forward to providing further updates in due course," says Chief Executive Al Sisto.

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Kromek Group, down 7.0% at 15.00p, 12-month range 7.66p-25.20p. The detection technology firm says revenue totalled GBP10.4 million for the financial year that ended April 30 versus GBP13.1 million the year before. Pretax loss, however, narrows to GBP6.3 million from GBP18.3 million loss the year prior. This is due to non-repeat of GBP13.1 million of exceptional impairment losses on trade receivables and amounts recoverable on contracts. Separately, Kromek says it wins new contracts and orders across all segments for delivery this year.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
29 Nov 2023 11:29

IN BRIEF: Tern transfers 75% holding in Konektio to deferred shares

Tern PLC - Investor specialising in supporting early-stage 'internet of things' technology businesses - Confirms that 75% of its holding in InVMA Ltd, which trades as Konektio, has now been transferred to a valueless class of deferred shares. Further, Bruce Leith has stepped down from the Konektio board as Tern's representative.

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8 Nov 2023 11:48

Tern opts out of further investment in Konektio

(Sharecast News) - Internet-of-things investor Tern announced on Wednesday that it has decided not to further invest in its portfolio company InVMA, operating as Konektio.

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8 Nov 2023 11:14

AIM WINNERS & LOSERS: eEnergy surges after Luceco backing

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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8 Nov 2023 10:50

Tern shares fall as it opts out of further Konektio investments

(Alliance News) - Tern PLC shares dropped on Wednesday morning, as it said it has decided not to invest further in its portfolio company InVMA Ltd, which trades as Konektio.

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19 Sep 2023 15:50

UK shareholder meetings calendar - next 7 days

Wednesday 20 September 
Accsys Technologies PLCAGM
Frasers Group PLCAGM
Games Workshop Group PLCAGM
Hidong Estate PLCAGM
IG Group Holdings PLCAGM
Ilika PLCAGM
Nippon Active Value Fund PLCGM re assets rollover
Quiz PLCAGM
Seed Innovations LtdAGM
STS Global Income & Growth Trust PLCAGM
Thursday 21 September 
Ascent Resources PLCGM re audited annual accounts
Intercede Group PLCAGM
Kore Potash PLCGM re capital raise
Liontrust Asset Management PLCAGM
Mercia Asset Management PLCAGM
Molecular Energies PLCAGM
Oberon Investments Group PLCAGM
Pelatro PLCGM re AIM cancellation
Sosandar PLCAGM
Thruvision Group PLCAGM
Trakm8 Holdings PLCAGM
Van Elle Holdings PLCAGM
Friday 22 September 
Argos Resources LtdGM re members voluntary liquidation
B&M European Value Retail SAGM re appointing Lasry as director
Faron Pharmaceuticals LtdEGM re election of new board members
Stranger Holdings PLCAGM
SysGroup PLCAGM
TI Fluid Systems PLCGM re waiver resolution
Odyssean Investment Trust PLCAGM
Monday 25 September 
Amte Power PLCGM re share issue to raise GBP2m
Ondo InsurTech PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re appointment of new directors
Tuesday 26 September 
BSF Enterprise PLCGM re placing, subscription and broker warrants
Cohort PLCAGM
Ediston Property Investment Co PLCGM re disposal of the property portfolio
Fulcrum Utility Services LtdGM re AIM cancellation
James Cropper PLCAGM
Knights Group Holdings PLCAGM
Mycelx Technologies CorpAGM
Orient Telecoms PLCAGM
Redde Northgate PLCAGM
Saietta Group PLCAGM
Scholium Group PLCAGM
SulNOx Group PLCAGM
Supreme PLCAGM
Tern PLCGM re management changes
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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16 Aug 2023 12:01

LONDON MARKET MIDDAY: Stocks down; UK inflation cools in July

(Alliance News) - Stock prices in London were lower at midday on Wednesday, as investors digest some mixed inflation figures and the impact they will have on the Bank of England's next move.

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16 Aug 2023 11:02

AIM WINNERS & LOSERS: Belluscura receives orders for 6,500 Discov-R

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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16 Aug 2023 09:04

Tern shares fall as interim loss widens amid portfolio value decline

(Alliance News) - Tern PLC on Wednesday reported an increased loss as the valuation of the portfolio contracted.

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10 Aug 2023 13:53

Tern notes three departures, including its finance chief, to cut costs

(Alliance News) - Tern PLC on Thursday announced a number of changes to its board in a bid to cut costs, including Chief Financial Officer Sarah Payne leaving to take up a position at another company.

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4 Aug 2023 16:49

LONDON MARKET CLOSE: Stocks end in the green after difficult week

(Alliance News) - Stocks in London ended on a positive note on Friday, following a tumultuous couple of days following a US credit rating cut and another interest rate hike from the Bank of England.

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4 Aug 2023 13:54

Tern shares skyrocket as investee Wyld signs agreement with SpaceX

(Alliance News) - Tern PLC on Friday reported that its portfolio company Wyld Networks AB signed an agreement with Space Exploration Technologies Corp, a spacecraft engineering company led by Elon Musk.

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29 Jun 2023 14:11

TRADING UPDATES: tinyBuild bemoans disappointing interim performance

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

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28 Jun 2023 11:10

Pires Investments swings to a loss in "testing" year for company

(Alliance News) - Pires Investment PLC on Wednesday said net asset value per share decreased, and it swung to a loss in a "testing" year for the small-cap listed companies in which it invests.

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12 Jun 2023 14:06

IN BRIEF: Tern signs loan facility agreement of up to GBP3.0 million

Tern PLC - Investment company specialising in supporting early-stage internet of things technology businesses - Signs loan facility agreement of up to GBP3.0 million with unnamed investor, which will be available for up to 36 months. Says the facility provides an initial drawdown of GBP500,000, which it has already drawn down, with further drawdowns subject to the conditions of the facility. Terms include a monthly interest rate of 1.0%, starting from the date of the drawdown.

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31 May 2023 10:49

IN BRIEF: Tern annual net asset value falls on swing to loss

Tern PLC - investment company specialising in supporting early-stage internet of things technology businesses - Swings to pretax loss of GBP10.4 million in 2022 from a profit of GBP4.6 million in 2021. Total net assets amount to GBP24.9 million as at December 31, down from GBP32.4 million a year earlier. NAV per share decreases to 6.4 pence from 9.2p. Says the reduction in net assets is primarily due to "movements in investments held at fair value through the profit or loss and a reduction in the cash balance". Books a negative movement in the fair value of investments of GBP8.4 million, compared to a profit of GBP6.2 million in 2021.

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