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: 2.60
Bid: 2.50
Ask: 2.70
Change: -0.20 (-7.14%)
Spread: 0.20 (8.00%)
Open: 2.75
High: 2.75
Low: 2.45
Prev. Close: 2.80
TERN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS UPDATES: Caledonian swings to profit; Caracal revenue falls

Fri, 31st Mar 2023 21:09

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

---------

Marwyn Acquisition Co II Ltd - Acquisition vehicle - For six months ended December 31, reports pretax loss of GBP1.2 million, widened from GBP658,746 a year prior. Total assets amount to GBP10.0 million, from GBP11.1 million year-on-year.

---------

Caledonian Trust PLC - Edinburgh-based property investment and development company - For six months to December 31, swings to pretax profit of GBP353,000 from GBP196,000 loss year-on-year. Reports total revenue of GBP2.2 million, up from GBP167,000 a year prior.

---------

Tern PLC - Investor focused on the internet of things - Says that Wyld Networks AB, in which it holds 40% of equity, reports total fourth quarter income of SEK2.5 million, around GBP195,400, from SEK3.2 million a year prior. Earnings per share loss widens to SEK1.17 from SEK0.56 year-on-year. Wyld launched its satellite Internet of Things network after three years of development work, agreements with over 40 launch partners and an order backlog of SEK 35 million by end of the fourth quarter. This has now more than doubled to SEK 76 million by mid-March 2023, "demonstrating significant demand".

---------

Online Blockchain PLC - London-based blockchain research and development company - Reports first half pretax profit of GBP501,000, swung from loss of GBP468,000 the previous year. Sees revaluation gain from ADVFN investment of GBP932,000, versus none last year. Revenue fell to GBP14,000 from GBP24,000. Online Blockchain expects continued turbulence over the next six months, but remains optimistic about strong media and social platform interest in its Rocky Horror non-fungible token, based on The Rocky Horror Show.

---------

Roebuck Food Group PLC - Newry, Northern Ireland-based protein and product sourcing company - For 2022, reports pretax profit GBP217,000, swung from loss of GBP1.1 million. Revenue was GBP31.4 million, up from GBP24.3 million, while cost of sales widened to GBP30.8 million from GBP24.1 million a year prior. Roebuck expects average farmgate milk prices in 2023 to weaken versus 2022. However, it still anticipates delivering "above average returns" this year.

---------

Caracal Gold PLC - East Africa-focused gold producer - Posts first half revenue of GBP2.4 million, down from GBP4.4 million a year ago. Reports pretax loss of GBP3.7 million, widened from GBP8.4 million. Says work is still ongoing to increase production at its flagship Kilimapesa Gold Mine.

After the period end, the firm told investors that previously planned OCIM financing of USD10 million would not be proceeding. As a result, the previously announced Philoro funding was put on hold. Negotiation of the USD1.5 million Mill End financing is subsequently still ongoing. Caracal is progressing discussions, including technical and legal due diligence, with several potential financiers in order to provide the funding required to complete the Kilimapesa expansion project.

---------

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
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.

Read more
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.

Read more
26 May 2023 10:31

Tern's portfolio company Konektio agrees GBP2.5 million fundraise

(Alliance News) - Tern PLC on Friday said that its portfolio company, InVMA Ltd, has agreed a GBP2.5 million fundraise, which will be completed in two tranches.

Read more
24 May 2023 15:45

UK earnings, trading statements calendar - next 7 days

Thursday 25 May 
AJ Bell PLCHalf Year Results
Blackrock Frontiers Investment Trust PLCHalf Year Results
CT Private Equity Trust PLCQ1 Results
DWF Group PLCTrading Statement
Edinburgh Investment Trust PLCFull Year Results
Emis Group PLCFull Year Results
Fevertree Drinks PLCTrading Statement
Headlam Group PLCTrading Statement
Henry Boot PLCTrading Statement
Hill & Smith PLCTrading Statement
Griffin Mining LtdFull Year Results
Inspecs Group PLCTrading Statement
Intermediate Capital Group PLCFull Year Results
Jadestone Energy PLCFull Year Results
Johnson Mattey PLCFull Year Results
Pets At Home Group PLCFull Year Results
Pharos Energy PLCTrading Statement
Picton Property Income LtdFull Year Results
Qinetiq Group PLCFull Year Results
Old Mutual LtdQ1 Results
ReNeuron Group PLCFull Year Results
Renewi PLCFull Year Results
S&U PLCTrading Statement
Sabre Insurance Group PLCQ1 Results
Shires Income PLCFull Year Results
Tate & Lyle PLCFull Year Results
Triad Group PLCFull Year Results
United Utilities Group PLCFull Year Results
Vanquis Banking Group PLCTrading Statement
Workspace Group PLCFull Year Results
Young & Co's Brewery PLCFull Year Results
Friday 26 May 
Amaroq Minerals LtdQ1 Results
Associated British EngineeringHalf Year Results
Caffyns PLCFull Year Results
CT Capital & Income Investment Trust PLCHalf Year Results
HarbourVest Global Private Equity LtdFull Year Results
IntegraFin Holdings PLCHalf Year Results
Volvere PLCFull Year Results
Worldwide Healthcare Trust PLCFull Year Results
Monday 29 May 
no events scheduled 
Tuesday 30 May 
Corre Energy BVFull Year Results
Greencore Group PLCHalf Year Results
Hollywood Bowl Group PLCHalf Year Results
Oxford BioDynamics PLCHalf Year Results
Silver Bullet Data Services Group PLCFull Year Results
Softcat PLCTrading Statement
SpaceandPeople PLCFull Year Results
Tremor International LtdQ1 Results
Wednesday 31 May 
B&M European Value Retail SAFull Year Results
Bloomsbury Publishing PLCFull Year Results
DP Eurasia NVTrading Statement
Impax Asset Management Group PLCHalf Year Results
Ithaca Energy PLCQ1 Results
NWF Group PLCTrading Statement
Premier Miton Group PLCHalf Year Results
Tern PLCFull Year Results
WH Smith PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
25 Apr 2023 21:53

TRADING UPDATES: PetroTal average quarterly production up

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

Read more
25 Apr 2023 21:00

TRADING UPDATES: Round Hill Music and Jadestone Energy swing to profit

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

Read more
18 Apr 2023 12:00

Tern reports growth in revenue and headcount for portfolio companies

(Alliance News) - Tern PLC said its portfolio companies have delivered a "resilient performance" amid year-on-year growth in annual recurring revenue.

Read more
13 Mar 2023 21:02

TRADING UPDATES: DX opens new depots; Tern hails new order for Wyld

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

Read more
13 Mar 2023 12:18

SUMMARY: London listings with exposure to Silicon Valley Bank

(Alliance News) - The following is a round-up of updates on exposure to Silicon Valley Bank by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
13 Mar 2023 10:43

AIM WINNERS & LOSERS: Condor Gold jumps on offers for La India

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

Read more
13 Mar 2023 07:28

Tern portfolio company secures £712,900 purchase order

(Sharecast News) - Capital markets company Tern revealed on Monday that portfolio company Wyld Networks has received an approximately SEK 9.2m (£712,900) purchase order for its Wyld Data service.

Read more
25 Jan 2023 21:41

TRADING UPDATES: 88 Energy anticipates well spud; Tern sees progress

(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
12 Jan 2023 16:36

TRADING UPDATES: NFT Investments hit by cyber attack

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

Read more
8 Dec 2022 21:21

TRADING UPDATES: Mears exceeds expectations; K3 confirms speculation

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

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.