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Pin to quick picksVersarien Share News (VRS)

Share Price Information for Versarien (VRS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.108
Bid: 0.103
Ask: 0.1095
Change: 0.00025 (0.24%)
Spread: 0.0065 (6.311%)
Open: 0.105
High: 0.108
Low: 0.105
Prev. Close: 0.106
VRS Live PriceLast checked at -

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LONDON AIM WINNERS & LOSERS: Quadrise Rises After MSC Agreement

Thu, 21st Jan 2021 10:41

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

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AIM WINNERS

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Quadrise Fuels International, up 38% at 2.94 pence, 12-month range 1.06-4.24p. The fuel conversion technology firm said it has signed a joint development agreement with MSC Shipmanagement of Cyprus - a subsidiary of subsidiary of Geneva-headquartered MSC Mediterranean Shipping Co - to carry out an MSAR Operational Trial on commercial container vessels in the MSC global fleet commencing in 2021 with, subject to further agreement, subsequent commercial rollout upon success. The MSC group is one of the world's largest cargo shipping and cruise line companies, Quadrise noted.

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ECSC Group, up 21% at 84.45p, 12-month range 51.25p-140.25p. The cyber security services provider said 2020 adjusted earnings before interest, taxes, depreciation and amortisation was in excess of GBP400,000, versus a breakeven position in 2019. Revenue edged down to GBP5.7 million from GBP5.9 million. "Despite the challenges posed by the COVID-19 pandemic, the Group made solid progress during the 2020 financial year, and we are particularly pleased to report growing adjusted EBITDA profitability and cash generation," said Chief Executive Ian Mann.

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Image Scan Holdings, up 19% at 3.04p, 12-month range 1.0p-3.5p. The X-ray imaging systems provider said it has been awarded a contract to supply three portable X-ray scanning systems to the Royal Air Force. The award is the company's first contract with the RAF.

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Panoply Holdings, up 19% at 189.60p, 12-month range 40.2p-214p. The IT service management company said it expects to "significant exceed" its expectations for the financial year ending in March. After a "successful" third quarter, Panoply said it expects full-year revenue in excess of GBP47.5 million and adjusted earnings before interest, taxes, depreciation and amortisation in excess of GBP6.3 million.

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AIM LOSERS

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Eve Sleep, down 15% at 4.90p, 12-month range 0.65p-7.0p. The online mattress business reported an increase in revenue and earnings for 2020, though noted that the availability of raw materials and component supply remains an industry issue and a "potential limiting factor on near term growth". In 2020, revenue increased 6% to GBP25.2 million, driven by 18% growth in the second half, and Ebitda loss GBP2.0 million versus loss of GBP10.7 million in 2019. "At this time the company has not experienced any material cost/duty increases as a direct result of Brexit, though there has been some slowing of the pace of deliveries to Ireland and Northern Ireland resulting from courier related issues. eve will continue to closely monitor the situation but does not expect any material full year impact at this time," said Eve.

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Versarien, down 7.6% at 59.90p, 12-month range 21.2p-84.0p. The advanced engineering materials firm reported interim revenue of GBP3.1 million, down from GBP4.4 million a year ago, and a pretax loss of GBP4.3 million for the six months to September 31 versus a loss of GBP2.1 million a year prior. "The effects of the pandemic impacted our customer base in the mature businesses in both business segments. However, sales of graphene enhanced masks added an additional GBP0.33 million of revenues in H1 2020," said Versarien.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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

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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
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Agriterra LtdAGM
DX Group PLCGM re acquisition by HIG Capital funds
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Ironveld PLCAGM
Reabold Resources PLCGM re appointment of new directors
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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Versarien shares fall on equity raise plan as disposals prove elusive

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