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Pin to quick picksVela Technologies Share News (VELA)

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TRADING UPDATES: Vela to invest in Tribe Tech; Seraphim NAV down

Tue, 23rd May 2023 17:16

(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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Civitas Social Housing PLC - Exeter, England-based healthcare real estate investment trust - Skandinaviska Enskilda Banken AB sells entire 10% stake in company on Monday.

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Crossword Cybersecurity PLC - London-based cybersecurity company focused on cyber strategy and risk, supply chain cyber, threat detection and response, and digital identity, working with UK universities - Notes subsidiary Crossword Consulting Ltd enters related-party agreement with consultancy of director. Says agreement worth up to GBP750,000 is with Cumberland House Consulting Ltd, a company connected to Director Robert Coles. Crossword Consulting will provide services to a Cumberland client, the firm says.

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Gunsynd PLC - London-based company investing in companies and projects within the natural resources, life sciences and beverage sectors - Notes investee Omega Oil spuds second well, Canyon 1 in Australia, on May 8. Says well reaches total depth of 4,000 metres.

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Horizonte Minerals PLC - Nickel project developer in Brazil - G10 Capital Ltd sells entire 23% stake in company on May 2, as La Mancha Resource Capital LLP buys 23% stake in Horizonte Minerals the same day.

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RM Infrastructure Income PLC - invests in loans to infrastructure assets - Says continues to deliver on investment objective of providing "attractive" net asset value total returns. Firm says it has "refreshed its investment focus on social & environmental infrastructure, increasing exposures to its core target sectors with approximately 59% of the portfolio's committed capital currently invested within social & environmental infrastructure." Declares 1.625 pence per share dividend. RM Infrastructure says will allow broader review of its strategy, superseding a previously announced liquidity opportunity consultation.

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Seraphim Space Investment Trust PLC - space technology investment firm - In the third financial quarter that ended on March 31, reports net asset value per share drop of 1.0% to 91.77 pence from 92.74p as at December 31. Company notes macro-economic headwinds. CEO Mark Boggett says: "The quarter saw the team focused on portfolio activities whilst continuing to build a pipeline offering exposure to the highest calibre SpaceTech companies. Over the quarter, we supported an important emerging portfolio company, QuadSAT, and closed an additional follow-on investment and a new early-stage investment after the period end."

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Vela Technologies PLC - early stage-focused technology investor - Says will invest GBP250,000 in Tribe Technology Group Ltd, as part of a GBP2.0 million pre-IPO funding round undertaken by Tribe Tech, which offers autonomous reverse circulation. In the year ended June 30, Tribe Tech had reported a post-tax loss of GBP1.7 million.

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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.

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10 Feb 2023 10:45

AIM WINNERS & LOSERS: Vela Technologies gets boost from EnSilica climb

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15 Dec 2022 14:33

EARNINGS SUMMARY: Libertine focused on future; Worsley outperforms

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

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6 Dec 2022 14:54

Vela Technologies sells EnSilica shares for GBP349,469

(Alliance News) - Vela Technologies PLC on Tuesday said that it will funnel net proceeds from a share sale into further investments, after disposing of over 500,000 shares in EnSilica PLC.

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6 Dec 2022 12:29

LONDON MARKET MIDDAY: FTSE 100 down as Fed fears weigh on stocks

(Alliance News) - Stocks in London were lower at midday on Tuesday as investors continued to fret about the prospect of another hefty rate hike from the Federal Reserve following the release of a better-than-expected reading on the health of the US service sector.

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6 Dec 2022 11:07

AIM WINNERS & LOSERS: Vela shares rise on EnSilica disposal

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

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28 Nov 2022 13:58

Vela Technologies makes further investment in Northcoders

(Sharecast News) - Technology investor Vela has purchased 33,333 shares in Northcoders Group, it announced on Monday, as part of that company's secondary placing as announced on 21 November.

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28 Nov 2022 12:20

IN BRIEF: Vela Technologies further invests in Northcoders

Vela Technologies PLC - Bradford, England-based investment firm focused on early-stage and pre-IPO disruptive technology investments - Announces further investment in Northcoders Group PLC, a Manchester-based coding and software development training for businesses and individuals. Firm buys 33,333 shares at a price of GBP3 each in Northcoders for a total cost of GBP99,999, as part of a secondary placing undertaken by Northcoders which has raised GBP2.1 million before expenses.

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9 Nov 2022 20:41

UPDATE: Cizzle, Vela Technologies notes planned Conduit Pharma merger

Cizzle Biotechnology Holdings PLC - London-based diagnostics developer - and Vela Technologies PLC - Bradford, England-based investment firm focused on early-stage and pre-IPO disruptive technology investments - Notes announcement by Conduit Pharmaceuticals Ltd that it intends to become a publicly traded company on the Nasdaq in the US through a merger with special purpose acquisition firm Murphy Cannon Acquisition Corp. The deal is expected to generate USD149.7 million worth of proceeds for Conduit.

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9 Nov 2022 17:05

LONDON MARKET CLOSE: European stocks tread water amid US midterms

(Alliance News) - Caution prevailed in European equities on Wednesday, as investors looked past the midterm elections in the US to Thursday's US inflation reading.

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9 Nov 2022 16:53

IN BRIEF: Vela Technologies notes planned Conduit Pharma merger

Vela Technologies PLC - Bradford, England-based investment firm focused on early-stage and pre-IPO disruptive technology investments - Notes announcement by Conduit Pharmaceuticals Ltd that it intends to become a publicly traded company on the Nasdaq in the US through a merger with special purpose acquisition firm Murphy Cannon Acquisition Corp. The deal is expected to generate USD149.7 million worth of proceeds for Conduit. Vela holds an interest in the commercialisation of AZD1656, a possible Covid-19 treatment, and one of Conduit's assets.

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9 Nov 2022 11:19

AIM WINNERS & LOSERS: PCF and SourceBio plan AIM exit; Vela surges

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

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28 Sep 2022 11:04

AIM WINNERS & LOSERS: Glantus cautions; Vela hit by tech downturn

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

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28 Sep 2022 10:48

Vela Technologies shares fall as turns to annual loss on global issues

(Alliance News) - Vela Technologies PLC posted an annual loss on Wednesday, as the firm remains without revenue.

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2 Sep 2022 09:35

Vela Technologies mulls buying a division of a company via assets

(Alliance News) - Vela Technologies PLC on Friday said it is considering buying a division of a listed, quoted or private company as part of its investment policy focused on early-stage tech companies.

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18 Aug 2022 11:37

Vela Tech, Cizzle Biotech shares jump on investee's trial results

(Alliance News) - Vela Technologies PLC and Cizzle Biotechnology Holdings PLC on Thursday hailed the latest clinical trial results from investee St George Street Capital Ltd.

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