The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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: 3.05
Bid: 3.00
Ask: 3.10
Change: -0.05 (-1.61%)
Spread: 0.10 (3.333%)
Open: 3.10
High: 3.10
Low: 3.05
Prev. Close: 3.10
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
14 Jul 2022 16:39

UK shareholder meetings calendar - next 7 days

Friday 15 July 
Aveva Group PLCAGM
DCC PLCAGM
DP Poland PLCAGM
Griffin Mining LtdAGM
MC Mining PLCGM re subscription
Monday 18 July 
Audioboom Group PLCAGM
JPMorgan European Discovery Trust PLCAGM
Tuesday 19 July 
Biotech Growth Trust PLCAGM
Clean Power Hydrogen PLCAGM
e-Therapeutics PLCAGM
Norcros PLCAGM
Ten Lifestyle Group PLCGE re commitment to sustainability, B Corp certification
Wednesday 20 July 
ADM Energy PLC AGM
Alkemy Capital Investments PLCAGM
DeepVerge PLCAGM
easyJet PLCGM re purchase of 56 Airbus A320neo family aircraft & conversion of 18 A320neo family aircraft
Fidelity China Special Situations PLCAGM
HarbourVest Global Private Equity LtdAGM
HICL Infrastructure PLCAGM
Novacyt SAAGM r
Plaza Centers NVAGM
Premier Foods PLCAGM
Royal Mail PLCAGM
Triad Group PLCAGM
Wynnstay Properties PLCAGM & GM re share buyback
Thursday 21 July  
Big Yellow Group PLCAGM
Evgen Pharma PLCAGM
Experian PLCAGM
Halma PLCAGM
Intermediate Capital Group PLCAGM
Johnson Matthey PLCAGM
Octopus AIM VCT PLCAGM
Pennon Group PLCAGM
Pires Investments PLCGM re offer from Tern PLC
QinetiQ Group PLCAGM
SSE PLCAGM
Tern PLCGM re offer for Pires Investments PLC
Vp PLCAGM
Workspace Group PLCAGM
Zephyr Energy PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
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.

Read more
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.

Read more
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:

Read more
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.

Read more
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:

Read more
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:

Read more
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:

Read more
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:

Read more
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:

Read more
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.

Read more
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

Read more
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

Read more
20 Dec 2021 20:29

TRADING UPDATES: Saietta sales surge; Geiger Counter assets rise

TRADING UPDATES: Saietta sales surge; Geiger Counter assets rise

Read more
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

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.