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Proactive news round-up: Kibo Mining, SDX Energy, Eland OIl...
A summary of some of the small cap stories on the Proactive newswire
Company
LON:TERN
Tern Plc. is an AIM-quoted investment company focussed on the fast changing IT sector. It aims to get value from proven IT businesses in order to maximise shareholder value. It does this by: Identifying businesses with proven technology and customers Making controlling Investments in businesses that Tern works with to rapidly commercialise sales into markets such as the US Acting as a catalyst to transform the businesses by inputting management skills, expertise and contacts as well as funds Key focus on Internet of Things (IoT), cloud and mobile technologies
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A summary of some of the small cap stories on the Proactive newswire
Some of the main risers and fallers in London at 3.45pm...
Hardware & electrical equipment
On Ritchie's watch, Iomart's revenues have risen from £8mln to £89mln, and EBITDA has grown from a loss of £1.4mln to a positive £36.6mln
After a gloomy morning for the pound, it started to build some momentum. FTSE 100 finished at 7,543
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A glance at some of the stories on the Proactive newswire today
The main risers and fallers around 2.45pm included Brave Bison, Metal Tiger, PCG, Entertainment ...
"2016 was, in many ways, a period where we put the final building blocks in place to position the company for success."
Investments and investor services
Around 3.15pm, the UK blue chip index was up over 21 points at 7,299, not far from the day’s peak of 7,307, and well above the day’s low of 7,253.
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Also featured: AFC, Ferrum Crescent, Galileo, Kibo, Lansdowne Oil, Metal Tiger, Netscientific, Powerhouse, REM, ReNeuron, Tern
Hardware & electrical equipment
Former McAfee chief executive George Samenuk has subscribed for 134,042 Class A Preference shares
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Eland Oil & Gas kicks off production at Opuama field; Stride Gaming is targeting a bigger piece of the bingo pie; Motif Bio passes a major landmark; Avesoro secures favourable revised lending terms plus much more…
Hardware & electrical equipment
Former McAfee chairman and chief executive, George Samenuk, has joined Device Authority’s board as non-executive director
A look st some of Proactive's featured news stories on the day
Hardware & electrical equipment
Founder Angus Forrest is standing down as chairman to become the company’s operations director
Also covered: Blur, Eckoh, Eurasia, FairFX, H&T, Rosslyn, KrisEnergy, Sierra Rutile, Tern, ValiRx, Xtract Resources
Hardware & electrical equipment
The sale of Concerto is the group’s first portfolio company exit, and represents a quick and healthy return on investment
Medical imaging specialist Feedback saw sharply reduced losses and better-than-expected cash generation in the year to the end of May.
The Internet of Things (IoT) investor now has a 56.9% interest in the cyber security firm, Device Authority