George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTern Share News (TERN)

Share Price Information for Tern (TERN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.70
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.20 (7.692%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 2.70
TERN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.

----------

AIM - WINNERS

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

AIM - LOSERS

----------

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.

----------

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.

----------

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
4 Dec 2019 13:36

Tern Investee FVRVS Secures GBP500,000 Order From Pharma Firm

Tern Investee FVRVS Secures GBP500,000 Order From Pharma Firm

Read more
12 Nov 2019 17:13

Tern Says Nine Month Turnover Of Its Portfolio Companies Rises

Tern Says Nine Month Turnover Of Its Portfolio Companies Rises

Read more
30 Oct 2019 18:40

Tern Raises GBP1.8 Million Via Share Issue To Fund Investments

Tern Raises GBP1.8 Million Via Share Issue To Fund Investments

Read more
23 Apr 2019 12:15

Tern portfolio company scores medical partnership with Wipro

(Sharecast News) - Tern PLC's shares climbed on Tuesday after its 56.8% owned subsidiary Device Authority (DA) joined a new strategic partnership and joint customer collaboration with IT, consulting and business services specialists Wipro Limited.

Read more
11 Apr 2019 12:24

Tern pours more money into growing Device Authority

(Sharecast News) - Internet of things investment company Tern announced on Thursday that, together with its co-investors, it has committed a further convertible secured loan to its portfolio company Device Authority, which specialises in internet of things security.

Read more
3 Apr 2019 10:11

Tern Raises GBP1.5 Million Via Subscription To Make Investments (ALLISS)

LONDON (Alliance News) - Tern PLC on Wednesday said it has raised GBP1.5 million before expenses through a share subscription to provide the company with additional finance.Tern issued 17.7

Read more
4 Mar 2019 11:16

Tern investment switches up name following portfolio acquisition

(Sharecast News) - Internet-of-things focussed investor Tern revealed on Monday that its wholly-owned investee company FlexiOPS has been renamed Wyld Networks.

Read more
30 Oct 2018 09:34

Tern puts another £1.1m into surgery simulation tech firm FundamentalVR

(Sharecast News) - Technology investment company Tern has made a further £1.1m investment in FVRVS - trading as FundamentalVR - a virtual reality (VR) training and data analysis technology platform, and one of its existing portfolio companies.

Read more
15 Aug 2018 14:52

Tern's FundamentalVR launches surgery simulator in US market

(Sharecast News) - Internet of things investment company Tern noted an announcement from its portfolio company FundamentalVR on Wednesday, that it has launched 'Fundamental Surgery', a "first-of-its-kind" software-as-a-service platform, in the US.

Read more
25 Jul 2018 14:44

Tern's InVMA swallows up AMIHO Technology

(Sharecast News) - Technology investor Tern said on Wednesday that its investee company InVMA, in which it has a 50% holding, has acquired the intellectual property and other assets of Cambridge-based AMIHO Technology.

Read more
25 Jul 2018 11:35

Tern Raises GBP2.9 Million As Investee InVMA Makes Acquisition (ALLISS)

LONDON (Alliance News) - 'Internet of Things' investor Tern PLC said Wednesday it has raised GBP2.9 million as it looks to develop its investment portfolio.Tern placed 11.2 million

Read more
11 Jun 2018 11:03

WINNERS & LOSERS SUMMARY: Evraz Stands Tall With Fitch Rating Upgrade

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 6.5%. Fitch Ratings upgraded the Russian to a

Read more
8 Mar 2018 11:11

Tern Terminates Loan Note Facility And Raises GBP650,000 By Placing (ALLISS)

LONDON (Alliance News) - Tern PLC on Thursday said it has terminated the GBP2.2 million convertible unsecured loan note facility and raised through placing of

Read more
17 Feb 2017 11:37

Tern swings to FY pre-tax profit as investment value soars

(ShareCast News) - Shares in Tern are up more than 6% as it swung to an annual pre-tax profit in 2016 -- helped by a handsome uptick in the fair value of investments -- in what it described as a "pivotal" year. Pre-tax profit was £5.3m, from a loss of £185,121. Tern also recorded a £5.8m rise in the

Read more
15 Feb 2017 12:07

Tern's stake in investee company Device Authority reduced

(ShareCast News) - Shares in Tern are down more than 1% after its stake in investee company Device Authority Ltd was reduced as a non-executive director in that firm subscribed for preference shares. Device Authority non-executive director George Samenuk, former McAfee chairman and CEO, subscribed £

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.