Tekcapital (TEK)

Sector:

IT Services

Index:

FTSE AIM All-Share

9.50p
   
  • Change Today:
      1.00p
  • 52 Week High: 17.00p
  • 52 Week Low: 6.00p
  • Currency: UK Pounds
  • Shares Issued: 198.19m
  • Volume: 1,040,430
  • Market Cap: £18.83m

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Tekcapital's stake in Belluscura reduced after Nanotether Discovery Science acquisition

By Maryam Cockar

Date: Tuesday 25 Apr 2017

LONDON (ShareCast) - (ShareCast News) - Intellectual property services provider Tekcapital's stake in Belluscura has been reduced after Belluscura bought Nanotether Discovery Science for about £265,000.
The consideration was satisfied by the issue of new Belluscura shares which resulted in Tekcapital's take in Belluscura decreasing to about 61% from 65%.

Belluscura chief executive Bob Rauker said that the acquisition will further enhance its assets.

Nanotether, founded in 2012, owns intellectual property designed to accelerate the rate at which biomolecular interactions can be studied through biological assays for use in the pharmaceutical and biotechnology markets.

At 5 April, Nanotether had net assets worth about £281,000, including a cash balance of sum £204,000 and negligible liabilities. From 1 August 2016 to 5 April, it recorded an operating loss of about £5,000, reflecting the minimal level of operating activity in the company, which was wound down from the fourth quarter of 2015 to a "care and maintenance" basis.

For the year ended 31 July 2016 it recorded an operating loss of about £255,000 and no revenue.

Shares in Tekcapital were up 0.7% to 36p at 0937 BST.

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Tekcapital Market Data

Currency UK Pounds
Share Price 9.50p
Change Today 1.00p
% Change 11.76 %
52 Week High 17.00p
52 Week Low 6.00p
Volume 1,040,430
Shares Issued 198.19m
Market Cap £18.83m

Tekcapital Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.30% above the market average12.30% above the market average12.30% above the market average12.30% above the market average12.30% above the market average
56.10% above the sector average56.10% above the sector average56.10% above the sector average56.10% above the sector average56.10% above the sector average
Price Trend
1.14% below the market average1.14% below the market average1.14% below the market average1.14% below the market average1.14% below the market average
21.35% below the sector average21.35% below the sector average21.35% below the sector average21.35% below the sector average21.35% below the sector average
Income Not Available
Growth
3.63% above the market average3.63% above the market average3.63% above the market average3.63% above the market average3.63% above the market average
4.88% above the sector average4.88% above the sector average4.88% above the sector average4.88% above the sector average4.88% above the sector average

Tekcapital Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:27 50 @ 9.35p
16:11 5,347 @ 9.35p
15:37 26,005 @ 9.00p
15:32 101,000 @ 9.06p
15:32 25,000 @ 9.11p

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