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Pin to quick picksTern Share News (TERN)

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Share Price: 3.05
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Change: -0.05 (-1.61%)
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Open: 3.10
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TRADING UPDATES: DX opens new depots; Tern hails new order for Wyld

Mon, 13th Mar 2023 21:02

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

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Dekel Agri-Vision PLC - West Africa-focused agriculture company, with portfolio of projects in the Ivory Coast at various stages of development - Reports fresh fruit bunch volumes processed in February fall 31% to 9,418 tonnes from 13,683 tonnes a year prior. Crude palm oil sales reduce 43% to 2,102 tonnes from 3,660 tonnes. CPO production falls by 28% to 2,198 tonnes from 3,057 tonnes. However looking ahead, company says that fresh fruit bunches have "improved materially over the past 2 weeks". It adds that CPO prices remain close to record levels of EUR984 per tonne.

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DX Group PLC - Slough, England-based logistics company - Opens two new depots in Berkshire and Wiltshire, which DX says will serve its Express division, particularly Parcels operations. Explains that the new site openings are part of its ongoing GBP20 million to GBP25 million investment programme planned, with the sites planned to open during the current financial year ending July 1. Chief Executive Officer Paul Ibbetson says: "Our parcels activity has grown significantly in the last two years, and these new depots will increase capacity, improve efficiency and enhance the division's customer service levels."

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Molecular Energies PLC - Argentina and US-focused oil and gas production company, with additional exploration assets in both Argentina and Paraguay - Notes Argentinian subsidiary President Petroleum SA posts annual pretax profit of over USD19 million for 2022. Meanwhile, Molecular's exploration well in Paraguay remains on track to spud in May.

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Neometals Ltd - minerals and materials project development company - Pretax loss in the first half of financial year 2023 to December 31 balloons to AUD13.7 million from AUD3.5 million a year prior. Basic interim loss per share widens to 2.34 Australian cents from 0.52 cents a year ago.

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Symphony Environmental Technologies PLC - Hertfordshire-based developer of sustainable plastics and rubber - Expects 2022 revenue at GBP6.2 million, downgraded from its previous expectation of GBP6.5 million. Meanwhile, receives a GBP1 million loan from Sea Pearl Ventures Ltd. Company adds that the hearing date at the general court of the EU in Luxembourg has been set for next week Monday. The hearing is in regards to Symphony's case over the EU's single use plastics directive. In December 2020, Symphony said that it "has been advised by three barristers, all experts in EU law, that this part of the directive is confusing and illegal". The legal action is for financial damages against the Commission, Parliament and Council of the EU, Symphony explains.

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Tern PLC - Investor focused on the internet of things - Receives SEK9.2 million order, about GBP700,000, from a South African company for the Wyld Data service, of which it holds 40% equity. The customer is a company focused on deploying soil moisture sensors to optimise irrigation and automate scheduling systems for agriculture. Further, Tern notes it has no exposure to or relationship with Silicon Valley Bank or SVB UK. It adds that it does not expect the exposure of portfolio companies to SVB to have a significant impact on its net asset value.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
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.

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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.

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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.

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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:

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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:

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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.

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31 Mar 2023 21:09

EARNINGS UPDATES: Caledonian swings to profit; Caracal revenue falls

(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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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:

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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.

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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.

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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:

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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:

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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:

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8 Dec 2022 17:45

TRADING UPDATES: Anglo Asian touts intercepts; Netcall backs guidance

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

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