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Pin to quick picksVersarien Share News (VRS)

Share Price Information for Versarien (VRS)

London Stock Exchange
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Share Price: 0.1075
Bid: 0.105
Ask: 0.11
Change: 0.00125 (1.18%)
Spread: 0.005 (4.762%)
Open: 0.10625
High: 0.00
Low: 0.00
Prev. Close: 0.10625
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EARNINGS: Caledonian swings to loss; Altona Rare Earth loss widens

Thu, 28th Mar 2024 15:48

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

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Team PLC - wealth, asset management and complementary financial services group - Revenue in the year ended September 30 rises to GBP5.3 million from GBP2.1 million a year earlier. Pretax loss narrows to GBP443,000 from GBP1.6 million. Chair Mark Clubb says: "This has been another active period for Team. We are picking up the pace and the shape of the business is emerging with Jersey as the central fund management engine operating out of a highly regulated jurisdiction with a strong international reputation for fiduciary responsibility. Alongside this in Jersey, our financial planning advisory hub is combining well and is positioned to deliver dependable organic growth going forward."

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Versarien PLC - Cheltenham, England-based engineering technology company - Revenue in year ended September 30 falls to GBP5.5 million from GBP11.1 million a year earlier. Pretax loss narrows to GBP14.3 million from GBP8.3 million. Looking ahead, says its pipeline of opportunities "continues to strengthen." Chief Executive Steve Hodge says: "The period was a challenging one for Versarien, but I believe the restructuring and other actions we have undertaken have resulted in a more efficient business, which maintains the skilled people and technology to enable commercial success. It is encouraging to report that our pipeline of potential income opportunities is growing , albeit development opportunities are still the largest part, but we are beginning to see signs of more commercial interest, including licensing."

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Altona Rare Earth PLC - Mining exploration company focused on the evaluation, acquisition and development of projects in Africa - Publishes results for six months ended December 31. Operating loss widens to GBP616,000 from GBP387,000. Pretax loss widens to GBP690,000 from GBP412,000. CEO Cedric Simonet says: "2024 will also be a year of transformation for Altona, as we are currently expanding and diversifying its portfolio, with a focus on projects having a low-entry cost with a clear pathway to early results and to majority ownership. The acquisition of the exciting Kabompo South copper project in Zambia marks a first step in this direction."

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TomCo Energy PLC - oil development group operating in the US - Reports results for year ended September 30. Posts no revenue, unchanged annually. Pretax loss widens to GBP2.3 million from GBP690,000. Looking ahead, TomCo says 2024 is set to be a "defining year" for the company.

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Caledonian Trust PLC - Edinburgh-based property company - Revenue in the six months ended December 31 falls to GBP833,000 from a GBP2.2 million a year earlier. Swings to pretax loss of GBP415,000 from a profit of GBP353,000.

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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20 Mar 2024 10:28

Versarien raises GBP615,000 as eyes turnaround strategy

(Alliance News) - Versarien PLC on Wednesday said it has raised GBP615,000 through a placing, to help fund its turnaround strategy.

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EARNINGS AND TRADING: Versarien inks agreement for Brazilian JV

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

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11 Mar 2024 12:41

Versarien sells South Korean plant, licenses patents

(Sharecast News) - Versarien announced on Monday that it had finalised an agreement with MCK Tech to sell its plant and equipment in South Korea for £0.6m.

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11 Mar 2024 11:22

Versarien sells South Korea plant and equipment, agrees licence deal

(Alliance News) - Versarien PLC on Monday said it agreed its plant and equipment in South Korea for GBP604,000 to MCK Tech Co Ltd, alongside exclusive licence deal with MCK Tech for the use of five patents.

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7 Feb 2024 11:44

IN BRIEF: Former Versarien CEO Ricketts takes firm to court

Versarien PLC - Cheltenham, England-based engineering materials company - Says it has received "various unquantified claims" under the Employment Rights Act 1996 against the company. The claims were made by former chief executive Neill Ricketts. A preliminary hearing for case management has been scheduled for July 17.

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19 Jan 2024 11:56

Versarien raises £0.4m to progress growing pipeline

(Sharecast News) - Advanced materials engineer Versarien has raised £0.4m, it announced on Friday, to help it with its growing pipeline of opportunities.

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19 Jan 2024 10:34

AIM WINNERS & LOSERS: Big Technologies warns major contract to end

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19 Jan 2024 09:37

Versarien raises GBP400,000 as asset sale discussions continue

(Alliance News) - Versarien PLC on Friday said it has raised GBP400,000 through a placing, as the company looks to capitalise on pipeline opportunities.

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3 Jan 2024 14:55

UK shareholder meetings calendar - next 7 days

Thursday 4 January 
Rotala PLCGM re management buyout
Tintra PLCGM re cancellation, re-registering as private company
ValiRx PLCGM re operational review
Friday 5 January 
MTI Wireless Edge LtdEGM re proposed grant of options to the directors
Monday 8 January 
Plus500 LtdEGM re director election
Velocys PLCCourt Meeting and GM re recommended cash acquisition by Madison Bidco Ltd
Tuesday 9 January 
Agriterra LtdAGM
DX Group PLCGM re acquisition by HIG Capital funds
GENinCode PLCGM re fundraise
Leeds Group PLCGM re sale of subsidiary Hemmers-Itex
Smart Metering Systems PLCGM re acquisition by KKR funds
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Ironveld PLCAGM
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Safestyle UK PLCEGM re approve winding up of company
Scirocco Energy PLCGM re proposed disposal of interests in Energy Acquisitions Group Ltd
Versarien PLCGM re capital reorganisation
  
Copyright 2024 Alliance News Ltd. All Rights Reserved. 

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20 Dec 2023 11:56

LONDON MARKET MIDDAY: Stocks sparkle thanks to UK inflation data

(Alliance News) - Stock prices in London were higher at midday Wednesday, as investors felt the festive cheer thanks to cooler-than-expected inflation data for the UK.

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20 Dec 2023 11:52

Versarien shares fall on equity raise plan as disposals prove elusive

(Alliance News) - Versarien PLC on Wednesday said it expects to report decreased revenue in its latest financial year and a reduced cash balance.

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