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Share Price: 2.55
Bid: 2.50
Ask: 2.60
Change: -0.25 (-8.93%)
Spread: 0.10 (4.00%)
Open: 2.75
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Low: 2.45
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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:

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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.

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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.

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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".

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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.

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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.

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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.

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By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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9 Dec 2019 12:18

Investment Firm Tern Hires Matthew Scherba As Investment Director

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Tern portfolio company scores medical partnership with Wipro

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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.

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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

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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.

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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.

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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.

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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.

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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

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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

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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

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