|This is one stock that will fly past 100p in double quick time. Totally ignored by the mainstream investor it is a gem waiting to be discovered by the savvy punter. Now is the time get in before the ramping gangs get hold of it and drive it through the roof!!!
Mercia Technologies : Aston EyeTech appoints new Chief Executive
03/01/2017 | 09:14am GMT
Birmingham, United Kingdom (PRWEB UK) 1 March 2017
Today Aston EyeTech Limited ("AET"), a world leader in ophthalmic instrumentation and diagnosis support technology, announced the appointment of Carl D Francis as Group Chief Executive.
Francis, 57, comes from the consumer electronics industry, most recently as CEO at P2i. Over the past eight years, he and his team built P2i from pre-revenue technology start-up to dominant global player in its sector.
Aston EyeTech is a technology spin out from Aston University's Bio-medical Engineering and Optometry Departments, and has developed a range of highly portable ophthalmic instrumentation which is integrated with the Company's proprietary diagnostic support software platform.
Commenting on his appointment, Francis said: "Aston EyeTech is revolutionizing the eye care ecosystem, and in the next few years will fundamentally change the way that ocular healthcare is delivered around the globe. AET has the right ingredients - game changing technology, supportive investors, and a great team – all aimed at disrupting the face of 21st century ophthalmology. I am honored to be a part of this journey".
AET Chairman John Handley said: "We are delighted to have a leader of Carl's calibre take Aston EyeTech into the future. We welcome the experience, energy and vision that he brings".
Based in Birmingham, England, Aston EyeTech was established in 2013, and is backed by Mercia Technologies, Aston University, and Finance Birmingham. The Company is planning on launching its Series A funding round mid-2017.|
Northern Powerhouse Investment Fund wins for EV
We are delighted to advise our networks that Enterprise Ventures, part of Mercia Technologies PLC, has been successful in its bids to manage two of the British Business Bank’s (“BBB”) new Northern Powerhouse Investment Funds (“NPIF”).
Following a highly competitive procurement process managed by the BBB, the Group has secured £108.5 million across two mandates; a £57.5 million equity fund and a £51.0 million debt fund.
The funds will be focused on investing in SMEs in Yorkshire, the Humber and Tees Valley regions, where the team already has a successful track record of supporting start-up and later stage companies that have high growth potential. While the focus is on these regions, we are able to offer equity and debt finance across the entire Northern Powerhouse region.
These new fund mandate wins represent further strategic progress for Enterprise Venture’s parent company, Mercia Technologies PLC; as a result of the two awards, Mercia has increased the Group’s third party funds under management by nearly 50%, to £336.5 million.
Jonathan Diggines – Executive Director Funds said
“We are thrilled to be working with BBB to deliver these funds to Northern SMEs. The investment team has a fantastic track record and is ideally placed to manage these new mandates having already delivered several notable successes for similar public and private funds, including Blue Prism Group PLC, Optibiotix Health PLC, Xeros Technology Group plc and Concepta PLC. We are looking forward to working with the BBB to make many successful investments over the coming years.”
Dr Mark Payton, CEO of Mercia Technologies PLC, said:
“We’re delighted that, in a highly competitive field, the Group has been selected to manage two Northern Powerhouse Investment Funds. The new funds are strongly aligned with Mercia’s ‘Complete Capital Solution’ and our strategic aim to invest in the UK’s underserved regions, supporting the next generation of businesses with high growth potential, where we are already very active.
About the Fund
The Northern Powerhouse Investment Fund, which has been established in conjunction with the European Regional Development Fund (ERDF), the European Investment Bank (EIB) and the UK Government will provide small and medium businesses with increased flexibility in the types of funding available, as well as boosting investment levels in the North|
|Seems the brexit factor has hit this share, but not to worry the government has already put in place a new deal which has more that replaced the European funding for the Northern Powerhouse
|One of the safest bets on AIM to double the share price in a short space of time. It has no debt, £20m in the bank, and todays contracts on top of all that, yet it is ignored by the PIs who prefer to punt and lose on mickey mouse companies with only hot air to keep them afloat!
No wonder most of you go skint backing losers that promise millions but deliver hot air instead.
RNS Number : 4808X
Mercia Technologies PLC
22 February 2017
For immediate release 22 February 2017
Mercia Technologies PLC
("Mercia", "the Company" or the "Group")
Two major contracts secured for Northern Powerhouse Funds
Mercia (AIM: MERC), the national investment group focused on the creation, funding and scaling of innovative technology businesses with high growth potential from the UK regions, is pleased to announce that it has been successful in its bids, via its wholly-owned subsidiary Enterprise Ventures Limited, to manage two of the British Business Bank's ("BBB") new Northern Powerhouse Investment Funds ("NPIF").
Following a highly competitive procurement process managed by the BBB, the Group has secured GBP108.5million across two mandates; a GBP57.5million equity fund and a GBP51.0million debt fund.
The funds will be deployed via Mercia's North of England offices, which will be focused primarily on investing in SMEs in Yorkshire, the Humber and Tees Valley regions, where the Group already has a successful track record of supporting start-up and later stage companies that have high growth potential.
These new fund mandate wins represent further strategic progress for Mercia. As a result of the two awards, Mercia has increased its third party funds under management by nearly 50% to over GBP336.5million, which over time will further increase the pipeline of potential direct investment opportunities for the Group.
Dr Mark Payton, CEO of Mercia Technologies PLC, said:
"We are delighted that, in a highly competitive field, the Group has been selected to manage two Northern Powerhouse Investment Funds. The new funds are strongly aligned with Mercia's 'Complete Capital Solution' and our strategic aim to invest in the UK's underserved regions, supporting the next generation of businesses with high growth potential, where we are already very active.
These two new funds will play a leading role in the development of innovative small businesses located in the North of England. The Group is well placed to manage these new mandates having already delivered several notable successes for similar public and private funds, including Blue Prism Group PLC, Optibiotix Health PLC, Xeros Technology Group plc and Concepta PLC. We are looking forward to working with the BBB on the successful delivery of these new mandates over the coming years.
Mercia's strategy is to create value for its shareholders and investment clients by finding and funding innovative businesses in the UK regions, initially by investing the third party funds and subsequently by taking direct stakes in 'Emerging Stars' as they successfully scale up. These two new funds will further strengthen Mercia's ability to generate attractive returns for both managed fund investors and shareholders."
The Northern Powerhouse Investment Fund project is supported financially by the European Union, attracting investment from the European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020, and the European Investment Bank.
For further information, please contact:
Mercia Technologies PLC
Mark Payton, Chief Executive Officer
Martin Glanfield, Chief Financial Officer
www.merciatech.co.uk +44 (0)330 223 1430
Cenkos Securities plc
Ivonne Cantu / Mark Connelly (NOMAD) +44 (0)20 7397 8900
Bobby Morse / Victoria Hayns / Stephanie Watson
www.buchanan.uk.com +44 (0)20 7466 5000
About Mercia Technologies PLC
Mercia is a national investment group focused on the creation, funding and scaling of innovative businesses with high growth potential from the UK regions. Mercia benefits from 18 university partnerships and six offices across the Midlands, the North of England and Scotland providing it with access to high quality, regional deal flow. Mercia Technologies PLC is quoted on AIM with the epic "MERC".
Mercia's 'Complete Capital Solution' initially nurtures businesses via its third party funds (with more than GBP336.5million under management following these latest mandate wins) and then over time Mercia can provide further funding to its 'Emerging Stars' by deploying direct investment follow-on capital from its own balance sheet.
Since its IPO in December 2014, the Company has invested over GBP30.0million directly across its portfolio of 'Emerging Stars'.
About the Northern Powerhouse Investment Fund
The NPIF will invest in Microfinance, Business Loans and Equity Finance funds, ranging from GBP25,000 to GBP2.0million, specifically to help small and medium sized businesses secure the funding they need for growth and development. It is operated by British Business Financial Services Limited, wholly owned by British Business Bank, the UK's national economic development bank. Established in November 2014, its mission is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow and build UK economic activity.
The NPIF is supported by the European Regional Development Fund, the European Investment Bank, the Department for Business, Energy and Industrial Strategy and British Business Finance Limited, a British Business Bank group company. It covers the following LEP areas: Tees Valley Unlimited, Greater Manchester, Cheshire and Warrington, Cumbria, Liverpool City Region, Lancashire, Humber, Leeds City Region, Sheffield City Region, York, North Yorkshire and East Riding. The appointment of the NPIF fund managers is subject to contract.
The project is receiving up to GBP140,359,192 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Department for Communities and Local Government is the Managing Authority for the European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit https://www.gov.uk/european-growth-funding. The funds which NPIF invests are open to businesses with material operations, or planning to open material operations, in, Yorkshire and the Humber, the North West and Tees Valley.
This information is provided by RNS
The company news service from the London Stock Exchange|
|New thread for Charts etc.|
|Looks good bought some here|
|Tipped by the Mail on Sunday:
|An interesting appointment in today's RNS
Warwick Audio raising funds on Syndicate Room
|Pete, to be honest with you, this moves only on news only, so if you don't have the patience, it's the wrong share. I hold this and FIPP, to give me access to unquoted companies.|
|Still not in yet - still looking with interest - still waiting for charts.
Anyone else prepared to fire up a new thread?
|Agreed del. Am a large holder here for the very same reason although if you look at the mix batch of companies in the portfolio, they all look pretty impressive and innovative so any one of them could potentially multibag here before VR becomes the norm.|
|Nice turnaround here. It is a long, long term hold for me to see whether some of the companies they have invested in make it big.
nDreams could turn out to be a cracker....|
|Wow, some conviction, £86k buy here!|
|Not in just yet mod - but interested, and watching from the sidelines - pete|
|Thanks for the charts Marty - appreciated.|
|No time to do a chart myself, but looking very interesting. Hoping they drop it down a little so I can take a big chunk under 40p|
|Pete, Have you put your toe in here?I think this is good value, I got some at around 42p average entry point.|
|Charts would be good.
I am underwater on this one but thinking I will buy some more. In particular, I reckon they could good be on to a good thing with nDreams....
There will be a lot of buzz about VR over the next 12-18 months and someone my well step in to buy them if they are not floated... All IMHO.
|Can we have some charts here please?|
Mercia Technologies PLC (AIM: MERC) which is focused on the creation, funding and scaling of innovative businesses with high growth potential from the UK regions is pleased to announce that portfolio company nDreams (of which Mercia has a 40% equity stake), has been appointed by Google as one of the first developers alongside EA Games and Ubisoft to make apps and experiences for Daydream, their platform for high performance mobile Virtual Reality ("VR").
nDreams, one of the UK's largest independent developer and publisher solely focused on VR entertainment software, has two original titles in development for Daydream, each built specifically for Google's new high quality mobile VR platform. The Company is delighted to have been selected by Google to develop its first games. Having already had great success with Perfect Beach for Google Cardboard, the contract demonstrates Google's belief in the high quality experience of nDreams software and more broadly the VR sector which has an estimated value of $30 billion by 2020 across all platforms.
In addition to the two unannounced games, the nDreams team is working on The Assembly for PlayStation VR, HTC Vive, and Oculus Rift, and developing Gunner and Perfect Beach for the Samsung Gear.
Dr. Mark Payton, CEO of Mercia said:
"The nDreams appointment by Google is a clear demonstration of Mercia's success in investing and mentoring UK technology businesses. We congratulate the nDreams team and believe that the Company has an exceptionally exciting future ahead, operating at the forefront of the VR content development market. Mercia's strategy of combining market intelligence and significant sector experience helps us to identify and scale the promising UK technology businesses such as nDreams. The investment in nDreams is led by Investment Director Mike Hayes, who has over 23 years' experience in interactive businesses including CEO for Europe and America of multinational games company SEGA and Marketing Director at Nintendo. This unique approach of investment and deep sector expertise like Mike's helps Mercia build opportunities such as nDreams towards the potential realisation of significant shareholder value."
CEO and founder of nDreams, Patrick O'Luanaigh, commented:
"I'm thrilled that nDreams is one of the first studios to support Daydream. With this new platform's announcement, it's that much easier to envisage a time where everyone always has access to high quality mobile VR entertainment and it's exciting to be collaborating with Google on that ambition."|
|Looking interesting here. Dipped in for a few this am. First lot, will add more if the price is marked down over the next few weeks|
|Directors Talk video:
|Thought they would have RNSd this one:
|modform, I beg to differ. This is an investment company not a trading company. The losses relate to the staff build up to seek out and monitor investments. The actual investments show a small unrealised gain. The real question is whether such companies should trade at a premium to NAV by giving exposure to PIs to a portfolio of unquoted companies that would be outside their normal remit.
I would suggest that the comparatives are Imperial Innovations and Woodford Patient Capital.|
|What do you mean, no newsThe drop in share price is as a result of such a poor trading update on Dec 3. You can buy as many shares as you want live, but you can't sell a single share unless you use limit order, ask your broker.|