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Pin to quick picksTern Share News (TERN)

Share Price Information for Tern (TERN)

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Share Price: 3.43
Bid: 3.40
Ask: 3.70
Change: 0.00 (0.00%)
Spread: 0.30 (8.824%)
Open: 0.00
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Prev. Close: 3.43
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AIM WINNERS & LOSERS: Orosur Mining drops on disappointing assays

Fri, 02nd Dec 2022 10:40

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

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AIM - WINNERS

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Premier Miton Group PLC, up 14% at 104.00 pence, 12-month range 84.69p - 207.00p. Reports both profit and assets under management declined in the year ended September 30. The asset manager posts pretax profit of GBP14.9 million, down 15% from GBP17.5 million a year earlier. Assets under management at September 30 were GBP10.57 billion, down 24% from GBP13.93 billion. More positively, assets under management recover to around GBP11.3 billion at November 25 and the firm sees a return to net positive flows in its funds during the first two months of its current financial year. Chief Executive Mark O'Shea says the results are "resilient" despite tougher market conditions and adds the firm is "well-positioned" to achieve its long-term growth ambitions.

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Tern PLC, up 5.0% at 11.03 pence, 12-month range 6.60p - 18.89p. Notes that Device Authority Ltd has expanded its business and technology relationship with an existing "tier one" automotive supply chain customer, winning a contract value of over USD1.2 million over five years. Tern has a 54% stake in the internet of things technology firm. The contract is for the deployment of Device Authority's KeyScaler technology which provides identity management services.

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AIM - LOSERS

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Orosur Mining Inc, down 31% at 8.78 pence, 12-month range 7.03p - 19.00p. Reports disappointing assay results for four additional diamond holes at the Pepas and Pupino prospects at its Anza project in Colombia. The project is a joint venture with Colombian company Minera Monte Aguila. The assay results indicate the best grade of gold and silver was found at Pepas hole number 009. The results at Pepas 009 show lower levels of gold mineralisation than intersected in previous drilling. No significant results were found at the Pupino prospect. The firm adds it will now shift its focus to groundwork.

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ReNeuron Group PLC, down 18% at 18.35 pence, 12-month range 15.00p - 95.22p. Says that it has been investigating an equity raise with investors, but explains "unfavourable conditions" in small-cap equity markets meant this was not possible. Adds that, following a review of its cost base and planned initiatives, savings have been identified in order to extend the firm's cash runway until "at least the start of the fourth calendar quarter of 2023" to ensure the continued development of its technology platform. The stem cell and exosomes technology company also reports a narrowed loss in in the six months ended September 30. Pretax loss totals GBP3.8 million, narrowed from a loss of GBP6.0 million the year before. ReNeuron's revenue multiplies to GBP438,000 from GBP58,000 the year before.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
12 Apr 2024 14:16

Tern raises £0.42m to invest in Wyld Networks

(Sharecast News) - Specialist internet-of-things technology investor Tern announced on Friday that it hs raised £0.42m before expenses, to invest in Wyld Networks.

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12 Apr 2024 10:04

AIM WINNERS & LOSERS: Bens Creek falls as it lays off workers

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

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12 Apr 2024 09:43

IN BRIEF: Tern down after raising GBP420,000 via discounted placing

Tern PLC - London-based 'internet of things' technology investor - Raises GBP420,000 via placing 17.5 million shares at 2.4 pence each. The placing price represents a 31% discount to the company's closing price of 3.48p on Thursday. Tern will use the funds to invest in Wyld Networks AB and to invest in at least one more investee, as well as for general corporate purposes.

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9 Apr 2024 10:38

Tern investee reports "substantial interest" from industry leaders

(Alliance News) - Tern PLC on Tuesday announced that one of its investee company's had a strong start to the year.

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9 Apr 2024 10:32

Tern's Talking Medicines makes 'strong start' to FY24

(Sharecast News) - Internet of Things investor Tern said on Tuesday that Talking Medicines, in which it currently holds a 23.8% equity share, has made "a strong start to 2024", marked by record revenue bookings and significant advancements in its Talking Medicines Drug-GPT platform.

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9 Apr 2024 09:30

AIM WINNERS & LOSERS: Tern rises on Talking Medicines quarterly update

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

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8 Mar 2024 20:03

TRADING UPDATES: Cindrigo seeks Croatian exploration licence extension

(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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7 Feb 2024 13:23

Tern's Device Authority raises an extra $2m

(Sharecast News) - Early-stage technology investor Tern announced the completion of an additional second closing of tranche one series B funding by Device Authority on Wednesday, in which it held a 35.7% shareholding.

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7 Feb 2024 11:28

IN BRIEF: Tern announces additional fundraise for Device Authority

Tern PLC - London-based investor in early-stage 'internet of things' technology businesses - Announces completion of a USD2.0 million equity investment in Device Authority Ltd by Mercato Partners, a Utah-based private equity firm. Device Authority is a California-based provider of identity and access management solutions for the internet of things in which Tern now holds a 32% stake, changed from 36% prior to this update. The USD2.0 million equity adds to an originally planned USD7.3 million fundraising announced by in December. Per the December announcement, Device Authority would receive USD7.0 million from Ten Eleven Ventures in new equity investment, and USD300,000 from Alsop Louie Capital 3 LP via conversion of short term loans. The fundraise is intended to provide Device Authority with "sufficient funding to enable it to grow in line with its strategy beyond the end of 2024", Tern says.

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1 Feb 2024 14:27

TRADING UPDATES: Genflow wins new research grants; Seeen margin rises

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

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24 Jan 2024 10:54

Tern raises GBP400,000 to invest in portfolio companies

(Alliance News) - Tern PLC on Wednesday said it has raised GBP400,000 through a placing of shares.

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28 Dec 2023 11:16

IN BRIEF: Tern completes first tranche of Device Authority fundraise

Tern PLC - London-based investor in early-stage 'internet of things' technology businesses - Completes tranche one of its Device Authority Ltd fundraise. Through tranche one, Device Authority has received USD4.0 million. Says a further announcement will be made after it has completed its second tranche, totalling USD3.3 million. Trance two is dependent on approval under the National Security & Investment Act.

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27 Dec 2023 12:56

Tern investee Device Authority raising up to $7m

(Sharecast News) - Technology investor Tern announced on Wednesday that Device Authority, in which it held a 53.8% shareholding as of 21 November, has secured a series B fundraising round to raise up to $7m in new equity investment.

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27 Dec 2023 10:45

Tern plunges as Device Authority announces USD7.3 million fundraising

(Alliance News) - Tern PLC said on Wednesday that Device Authority Ltd is aiming to raise up to USD7.3 million.

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27 Dec 2023 10:39

AIM WINNERS & LOSERS: Horizonte Minerals secures funds for Araguaia

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

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