ADVFN (AFN)

Sector:

Financials

Index:

FTSE AIM All-Share

 12.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 23.50
  • 52 Week Low: 10.50
  • Currency: UK Pounds
  • Shares Issued: 46.29m
  • Volume: 76
  • Market Cap: £5.79m
  • RiskGrade: 525

ADVFN scraps sale plan

By Sean Farrell

Date: Tuesday 08 Feb 2022

LONDON (ShareCast) - (Sharecast News) - ADVFN has scrapped plans to sell itself in favour of expanding through partnerships or acquisitions of other businesses.
The online financial data provider started exploring a sale on 13 January and said it was concerned a group of investors might seek to take control in a move not in all shareholders' interests. After achieving its first profit the company also said its assets might be of interest to potential buyers.

On Tuesday ADVFN said it had rethought its plans and would not now sell the business.

"The board has concluded that the company should take advantage of the available options to grow its business offering and geographic reach through business partnerships and possible joint venture arrangements or acquisitions," ADVFN said.

ADVFN, led by Chief Executive Clem Chambers, said it would hold a shareholder meeting to consider board changes at the request of former director Yair Tauman, whose family owns 20.4% of the company. Tauman wants to remove Chambers and install Amit Tauman and corporate lawyers Anthony Wollenberg and David Gold, a Conservative peer, as directors.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ADVFN Market Data

Currency UK Pounds
Share Price 12.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 23.50
52 Week Low 10.50
Volume 76
Shares Issued 46.29m
Market Cap £5.79m
RiskGrade 525

ADVFN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.32% below the market average21.32% below the market average21.32% below the market average21.32% below the market average21.32% below the market average
24.07% below the sector average24.07% below the sector average24.07% below the sector average24.07% below the sector average24.07% below the sector average
Price Trend
50.64% below the market average50.64% below the market average50.64% below the market average50.64% below the market average50.64% below the market average
51.72% below the sector average51.72% below the sector average51.72% below the sector average51.72% below the sector average51.72% below the sector average
Income Not Available
Growth
60.86% below the market average60.86% below the market average60.86% below the market average60.86% below the market average60.86% below the market average
54.13% below the sector average54.13% below the sector average54.13% below the sector average54.13% below the sector average54.13% below the sector average

ADVFN Dividends

  Latest Previous
  Interim Final
Ex-Div 24-Mar-22 23-Dec-21
Paid 11-Apr-22 24-Jan-22
Amount 0.75p 1.50p

Trades for 14-Jun-2024

Time Volume / Share Price
10:02 76 @ 13.00p

ADVFN Key Personnel

CEO Amit Tauman

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