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Pin to quick picksTern Share News (TERN)

Share Price Information for Tern (TERN)

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Share Price: 2.70
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Ask: 2.80
Change: 0.10 (3.85%)
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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.

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1 Jun 2022 11:06

Tern signs deal with Pires Investments on GBP15 million takeover offer

(Alliance News) - Tern PLC on Wednesday reported that Pires Investments PLC has agreed to its all-share takeover offer to create a larger company with greater scale.

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31 May 2022 13:24

IN BRIEF: Tern investee FundamentalVR raises cash in funding round

Tern Plc - investor focused on the internet of things - Says FVRVS Ltd - also known as FundamentalVR - raises GBP7 million in new equity investments through a series B fundraising round. The money has been raised from existing investors, with a further GBP1.2 million of convertible loan notes being converted. Tern has converted GBP570,000 in loan notes. It says it will not invest more money in the FundamentalVR series B.

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27 Apr 2022 12:16

TRADING UPDATES: Shearwater to beat forecasts; Immotion in US zoo deal

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

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28 Mar 2022 19:15

IN BRIEF: Tern commits to exercise warrants in Wyld Networks

Tern PLC - investor focused on the internet of things - Says it has committed to exercise the 320,454 TO1 warrants in Wyld Networks AB which represents all of the warrants that were issued to Tern in conjunction with Wyld Networks' initial public offering and admission to trading on the NASDAQ First North Growth Market in Stockholm in July 2021. Tern will pay SEK3.6 million - approximately GBP290,000 - to exercise its TO1 warrants to subscribe for 320,454 shares in Wyld Networks at SEK11.25 per share, and this will be funded from Tern's existing cash resources.

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23 Mar 2022 20:53

TRADING UPDATES: Arecor Therapeutics wins patent approval in US

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

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17 Mar 2022 11:55

TRADING UPDATES: Portmeirion restores dividend; Empresaria in profit

(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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10 Mar 2022 20:01

TRADING UPDATES: Robust 2021 performances from Capital, Vaalco Energy

(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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2 Mar 2022 20:28

TRADING UPDATES: MediaZest virus hit; SpaceandPeople Network Rail deal

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

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22 Feb 2022 21:57

TRADING UPDATES: Angling Direct ups revenue; Ceiba takes Omicron hit

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

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11 Feb 2022 11:48

Tern reports solid progress among portfolio companies

(Sharecast News) - Internet-of-things (IoT) technology company Tern reported further significant progress across its portfolio companies in an update on Friday, with growth in recurring revenues and new contract wins.

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1 Feb 2022 22:07

TRADING UPDATES: BP signs biofuel deal; Elixirr expects revenue beat

TRADING UPDATES: BP signs biofuel deal; Elixirr expects revenue beat

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11 Jan 2022 14:39

IN BRIEF: Tern's Wyld Networks forms internet of things consortium

IN BRIEF: Tern's Wyld Networks forms internet of things consortium

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20 Dec 2021 20:29

TRADING UPDATES: Saietta sales surge; Geiger Counter assets rise

TRADING UPDATES: Saietta sales surge; Geiger Counter assets rise

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3 Dec 2021 20:14

IN BRIEF: Tern's Device Authority to receive investment from Venafi

IN BRIEF: Tern's Device Authority to receive investment from Venafi

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26 Oct 2021 19:06

TRADING UPDATES: Yellow Cake fundraises; Mercia Asset invests

TRADING UPDATES: Yellow Cake fundraises; Mercia Asset invests

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