News blog


  • BY: Andrew Hore |
  • POSTED: 01/09/2019 |

Tekcapital reported a 27% increase in net assets to $20.5m at the end of May 2019. 

That is equal to 30 cents a share and compares with a share price of 7.83p. Valuations of unquoted companies provide additional risk to net asset value. A significant discount would be expected, but the level of discount appears high.

There was a $4.11m book gain on autonomous vehicle technology developer Guidant, a $1.77m gain on micro salt developer Salarius, and $554,000 gain on medical technology developer Belluscura on top of a further investment of $109,000. This was offset by a $1.64m write-down on eyewear developer Lucyd.

The gain relating to Guidant was due to the external valuation of a particular US patent. There was also an increased valuation of a patent owned by Salarius. A share placing led to the increased Belluscura valuation.

Lucyd’s downgraded valuation is due to lower projected sales and a reduced value put on LCD tokens held in treasury. 

Services generated $610,000 in the first half, which was slightly down on the first half of the previous year. Operating costs fell and this helped to limit the cash outflow. The cash outflow from operations was $556,000.

There was $493,000 in the bank at the end of May 2019. Since then, a further $940,000 has been raised. 

© 2019 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 9 December 2019

Continue reading... | 10/12/2019

Omega Diagnostics

Omega Diagnostics will lose money this year, but it is on course to become profitable in 2020-21 as sales of the VISITECT CD4 test. 

Continue reading... | 10/12/2019


House broker Shore Capital has slashed its pre-tax profit forecast for engineer Tricorn Group by two-thirds to £420,000. 

Continue reading... | 10/12/2019

Evgen Pharma

Evgen Pharma has entered into an agreement with The University of Dundee for the use of SFX-01 in a clinical trial in non-alcoholic steatohepatitis and liver fibrosis, where there is no existing treatment. 

Continue reading... | 10/12/2019

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds