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Pin to quick picksTekmar Group Share News (TGP)

Share Price Information for Tekmar Group (TGP)

London Stock Exchange
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Share Price: 9.25
Bid: 9.00
Ask: 9.50
Change: 0.00 (0.00%)
Spread: 0.50 (5.556%)
Open: 9.25
High: 9.50
Low: 9.25
Prev. Close: 9.25
TGP Live PriceLast checked at -

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AIM WINNERS & LOSERS: R&Q falls as suitor looks to back out of buy

Wed, 25th May 2022 11:22

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

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AIM - WINNERS

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Caspian Sunrise PLC, up 52% at 4.41 pence, 12-month range 2.05p-5.90p. The mining royalty company says a workover of Well 142 on the MJF structure in Kazakhstan was successful, adding 1,400 barrels of oil per day to output at the wider BNG asset. "Well 142 was one of the first to be drilled on the MJF structure. It was drilled to a depth of approximately 2,500 meters in 2016 and produced steadily over a number of years with periodic conventional workovers," Caspian adds.

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Newmark Security PLC, up 13% at 40.00 pence, 12-month range 0.67p-50.00p. Shares in the security services provider continue to rise. On Tuesday, it said revenue for the year ended April 30 improved and it expects its loss to narrow in the second half due to a programme of cost management and increased prices to mitigate the hit from higher input and freight costs. In the first half of financial 2022, it generated a pretax loss of GBP879,000.

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Tekmar Group PLC, up 6.9% at 38.50 pence, 12-month range 34.00p-59.00p. The Darlington-based offshore energy industry services provider wins a deal to provide an integrated engineering solution for an offshore wind farm in the US in 2023.

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AIM - LOSERS

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Randall & Quilter Investment Holdings Ltd, down 32% at 94.95p, 12-month range 1.21p-142.00p. The stock tumbles after suitor Brickell PC Insurance Holdings LLC alleges that R&Q is in breach of an implementation agreement. Brickell is exercising its right to cancel the acquisition of R&Q. R&Q does not agree that it has committed any breaches and believes Brickell does not have the right to cancel the deal. R&Q accepted a GBP482 million takeover by Brickell back in April. R&Q now has a market capitalisation of GBP259.2 million.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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3 May 2024 15:49

Tekmar sells Subsea Innovation to fund investment programme

(Alliance News) - Tekmar Group PLC on Friday said it has sold Subsea Innovation Ltd for GBP1.9 million.

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3 May 2024 11:28

Tekmar sells Subsea Innovation in £1.9m deal

(Sharecast News) - Tekmar Group announced the sale of Subsea Innovation (SIL) to Unique Group on Friday, through its subsidiary Unique System UK, for a total cash consideration of £1.9m.

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8 Apr 2024 10:42

Tekmar Group secures contracts totalling £6m

(Sharecast News) - Offshore energy products group Tekmar said on Monday that it has recently secured a number of contract awards, with a cumulative value of approximately £6.0m.

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8 Apr 2024 10:36

Tekmar inks new energy infrastructure contracts totalling GBP6 million

(Alliance News) - Tekmar Group PLC on Monday said two new contracts have been signed, evidencing the strength of the company's varied energy market offerings.

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20 Mar 2024 16:02

UK shareholder meetings calendar - next 7 days

Thursday 21 March 
Athelney Trust PLCAGM
LungLife AI IncSpecial meeting re placing and subscription
Pressure Technologies PLCAGM
Friday 22 March 
Kitwave Group PLCAGM
Triple Point Energy Transition PLCGM re managed wind-down
URU Metals LtdAGM
Monday 25 March 
Digital 9 Infrastructure PLCGM re managed wind-down
Hardide PLCAGM
Sondrel Holdings PLCGM re convertible loan agreement and proposed fundraise
Tuesday 26 March 
Becket Invest PLCAGM
Power Metal Resources PLCAGM
Power Metal Resources PLCGM re share consolidation
Riverstone Energy LtdEGM re proposed tender offer
Titon Holdings PLCAGM
Tribe Technology PLCAGM
Wednesday 27 March 
abrdn Private Equity Opportunities Trust PLCAGM
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Kondor AI PLCAGM
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RC365 Holding PLCGM re convertible loan note issue
Tekmar Group PLCAGM
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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4 Mar 2024 15:33

Tekmar annual loss balloons amid cost increase; eyes adjusted profit

(Alliance News) - Tekmar Group PLC on Monday said it expects to return to an adjusted profit in the current financial year as it reported a ballooned statutory loss on the back of a goodwill impairment and higher costs.

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4 Jan 2024 10:34

IN BRIEF: Tekmar jumps on GBP3.5 million contract win

Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Wins contract for the design and supply of its flagship Generation 10 cable protection system and associated ancillaries in an "emerging region for offshore wind farm development." The contract covers the first phase of the development, with the contract value for this initial phase over GBP3.5 million. Production of the CPS systems is expected to commence in 2024 for delivery in 2025.

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4 Jan 2024 09:04

Tekmar secures 'significant' new contract

(Sharecast News) - Subsea protection systems provider Tekmar Group revealed on Thursday that it had secured a "significant" new contract.

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15 Dec 2023 09:47

Chamberlin sees "new levels of growth" thanks to record November

(Alliance News) - Chamberlin PLC on Friday said the business had benefitted from high orders, new clients and an increased focus on commercial development.

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16 Nov 2023 12:12

IN BRIEF: Tekmar Group rises on GBP2.5 million contract

Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Inks new contract worth over GBP2.5 million. The contract is for the design and supply of TekDuct, one of Tekmar Group's cable protection products, ballast modules and associated ancillaries for a significant subsea project in the Middle East and is expected to be delivered in the second quarter of 2024.

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14 Nov 2023 14:19

TRADING UPDATES: Billington on track to beat 2023 expectations

(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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28 Jul 2023 11:56

IN BRIEF: Tekmar agrees banking facilities renewals; trading in line

Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Agrees a renewal of its existing banking facilities with Barclays Bank PLC, part of Barclays PLC. Says the trade loan facility is extended until June 15, 2024, maintaining a facility of up to GBP4 million which can be drawn against supplier payments. Also says GBP3 million term loan facility under UK government's coronavirus business interruption loan scheme is extended by a further 12 months until October 31, 2024.

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28 Jul 2023 10:07

Tekmar renews existing facilities with Barclays

(Sharecast News) - Offshore energy solutions specialist Tekmar announced the successful renewal of its existing banking facilities with Barclays Bank on Friday.

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21 Jun 2023 12:09

LONDON MARKET MIDDAY: Shock inflation reading puts pressure on BoE

(Alliance News) - Stock prices in London were mixed at midday Wednesday, as investors digest a hotter-than-expected UK inflation reading and what that means for the Bank of England.

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