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TECH Techfinancials Inc

0.45
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Techfinancials Inc LSE:TECH London Ordinary Share VGG870911077 ORD USD0.0005 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.45 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
0.40 0.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.45 GBX

Techfinancials (TECH) Latest News

Techfinancials (TECH) Discussions and Chat

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Date Time Title Posts
31/12/202310:32New Tech1,033
05/10/202305:41Tech with Charts and News367
10/1/202017:04TECH to launch CEDEX COIN USING BLOCKCHAIN CEDEX EXCHANGE2,073
10/4/201811:36Why TECH is nose diving ? 24
27/11/201708:38Invest in Blockchain1

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Techfinancials (TECH) Top Chat Posts

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Posted at 30/9/2023 20:17 by hedgehog 100
Latest Announcements
Date Title
29 Sep 23 07:00 TechFinancials Inc. - Interim Results to 30 June 2023


TechFinancials Inc. - Interim Results to 30 June 2023
RNS Number : 0390O
TechFinancials Inc.
29 September 2023

... Financial Overview

· Company Revenues of US$ nil (H1 2022: US$ nil)

· Loss for the period attributable to shareholders of US$0.07m (H1 2022: loss of US$0.16m)

· Cash position at the period end of H1 2023 US$0.45m (31 December 2022: US$0.55m)

· Basic loss per share ("EPS") of (US$0.001) (H1 2022 (US$0.002))

Asaf Lahav, Chief Executive Board Member of TechFinancials, commented:

"In the first half of the year the Company continued to focus on administrative cost reductions and will continue to look for investment opportunities to maximize the Company's value, leveraging its available cash."

... Chairman's Statement

In H1 2023 the Company continued to focus on reducing costs. The Board decided to invest some amounts in listed companies. The Company will continue to look for new ways to increase its value.

Outlook

We will continue to look for opportunities to materialize our assets or join forces with other companies in order to be able move forward.

I would like to thank our shareholders for their continued support in what has been a difficult period globally as well as for the Company.

We look forward to updating the market on our progress in due course.

Eitan Yanuv
Independent Non-Executive Chairman
29 September 2023 ...
Posted at 02/7/2023 10:00 by hedgehog 100
Latest Announcements
Date Title
30 Jun 23 10:31 TechFinancials Inc. - Final Results to 31 December 2022



TechFinancials Inc. - Final Results to 31 December 2022
RNS Number : 5592E
TechFinancials Inc.
30 June 2023

... Financial Highlights

· No Revenues in 2022 as expected as the Company has moved to being an investment entity.

· Pre-tax loss attributable to shareholders of US$0.269 million (2021: loss of US$0.553 million)

· Cash position of US$0.55million as at 31 December 2022 (2021: US$0.92 million)

· Basic earnings per share ('EPS') (US$0.0032) (2021: (US$0.0064))

· In 2021 and 2022, the Company acquired shares to take minority holdings in a number of companies listed on the Nasdaq, LSE and AIM (Note 9)

Operational Cost Reduction

· The Company closed most of its subsidiaries in 2021 and finalized the strike-off of the remaining entities in Israel in 2022. The strike offs of both TechFinancials Israel 2014 Ltd and Softbox Technologies Ltd were concluded in March 2022.

Investment Activities

· The Company used its cash to invest small amounts in several listed entities in 2022. This activity resulted in a loss of US$43 thousand.

· At the year end all other group entities had been closed leaving only TechFinancials Inc, and as a result the cost of operating the Company is now minimal.

Chairman's Statement

2022 was a year in which the Company focused on looking for new ways to increase its value for shareholders.

The Board decided to invest some of its cash in listed companies. The Company continues to look for new ways to increase its value.

Dividends

The Board will not be recommending a final dividend to the shareholders of the Company for the year ended 2022 (2021: $nil).

Outlook and current trading

After consolidating all of our assets, this year we focused on seeking new investment opportunities to increase the value of the Company.

The Group will continue to look for investment opportunities to maximize the Company's value, leveraging its available cash.

I would like to thank our shareholders for their continued support in what has been a year of consolidation.

We look forward to updating the market on our progress in due course.

Eitan Yanuv
Independent Non-Executive Chairman

29 June 2023 ...
Posted at 10/1/2023 19:30 by 1399peter
The only way I can see TECH getting more funds is by the sale of renewsenses.

Mobileye bought by intel for $15b, could Google or Intel be making a move on renewsenses. Some big players in this space.
Not suggesting renewsenses will fetch that eye watering amount. But there is a lot of interest in this sector .

Their website doesn't seem to be more than a shop front at the moment. No information about when it's likely to be open for business. Just keeping their large holders happy with signs of life I guess.
Posted at 25/11/2022 14:21 by hedgehog 100
14/11/2022 07:00 UK Regulatory (RNS & others) TechFinancials Inc. Notice of AGM LSE:TECH Techfinancials Inc

TechFinancials Inc. (AQSE: TECH), is pleased to announce that the Annual General Meeting ('AGM') of shareholders of the Company will be held on 9 December 2022, at 09:30 a.m. UK time, at the offices of Peterhouse Capital Limited, 3(rd) Floor, 80 Cheapside, London, EC2V 6EE .

Notice of the AGM can be found at the Company website: Techfinancials Inc - Notice to AGM 2019 KLaw - Clean 100619 , together with the 2021 Annual Report and Accounts, which can be found at hxxps://www.group.techfinancials.com/annual-interim-report . The financial statements shall be presented as part of the ordinary business of the AGM.

The directors of the Company accept responsibility for the contents of this announcement.

For further information:

TechFinancials, Inc. Tel: +972 54 5233
943
Asaf Lahav, Executive Director
Eitan Yanuv, Non-Executive Chairman

Peterhouse Capital Limited (AQSE Growth Tel: +44 (0) 20
Market Corporate Advisor) 7469 0930
Guy Miller and Mark Anwyl
Posted at 25/4/2021 08:30 by skinny
Type 131, its code name, is a mid-engined two-seater sports car that will replace the outgoing Elise, Exige and Evora models. Its price will be about £70,000 and it will join the Evija electric hypercar, whose four motors produce a combined 1,973bhp, making it the fastest road car in history with a 0-190mph time of less than 10 seconds.
Posted at 11/1/2021 11:59 by skinny
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Posted at 09/11/2020 16:36 by skinny
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A Cardiff company developing a pilot project to deliver goods between Bristol and the Welsh capital using a hydrogen-powered electric aircraft has been backed by UK Government investment.

Business Minister Nadhim Zahawi today (9th Nov) announced 20 innovative projects harnessing the latest technology to support the fight against Covid-19 and other challenges like climate change that will receive a share of £7m funding.
Posted at 12/6/2019 11:14 by tidy 2
Liverpool is expected to be the first club to sign up. TechFinancials (LON: TECH)TechFinancials started out as a provider of software to online spreadbetting/CFD sites but its focus has switched to blockchain projects. The most interesting is a blockchain-based sports ticketing business.Investors have been waiting for the announcement of the first football club to sign up and there should be a positive reaction by the share price.The idea is to use blockchain technology to enable the sports club to take control of the initial sale of a ticket and any secondary ticket transactions. Because the ticketing is fully digital it will prevent ticket touts and highly inflated resale prices.Tickets can be resold via the platform and the club will take a share of any profit over the ticket price. The club can also track attendance and make specific merchandise offers to fans.TechFinancials is developing the ticketing venture with Footies Tech Ltd. The new joint venture company will licence the blockchain technology from TechFinancials, which will hold a 75% stake in the venture. TechFinancials is injecting up to $500,000 into the company, once a client is signed up.Longer-term, more cash will be required so that stake may be diluted. However, it is also likely to lead to an uplift in the value of the stake.Former Liverpool FC chief executive Ian Ayre is chairman of the new company. This makes it most likely that a football club will be the first to sign up for the venture. The system will work for other sports.TechFinancials has been a disappointment but signing up a club to its ticketing system will go some way to recovering past share price losses.
Posted at 05/3/2018 11:46 by sep800
Taken from LSE Board great post - This surely will catapult TECH share price if they aim to pursue the enclosed stake of Cedex as mention.
Does the markets really not understand the massive uplift from Cedex's launch due shortly.

From LSE F458

"Under the Heads of Terms, TechFinancials will make unsecured loan funding of US$400,000 available to the CEDEX group to develop its technology. The loan bears no interest. TechFinancials can seek repayment of the loan once CEDEX has sufficient funds and the loan therefore has no set maturity date.

In consideration for providing this initial funding, upon incorporation of the CEDEX holding company ("CEDEX HoldCo"), CEDEX HoldCo will grant the Company an option to acquire 90 per cent of CEDEX HoldCo at an exercise price of US$40,000, which may be offset against any amount outstanding under the loan. Exercise of the option is at the sole discretion of TechFinancials and the option can be transferred, sold or disposed of as TechFinancials sees fit. The option period is for three years from the date of grant".
Posted at 05/2/2018 10:20 by sep800
I do think an over reaction to Tech share price falling. Most on here don't really understand the way Cedex is going to set up trade with a Diamond platform, and what role Tech's platform is to be in this. Bitcoin is so different to what a Cedex coin will be. I think there will be other options than Eth or Bitcoin to buy Cedex.
Diamonds have already established a real value as a currency for thousands of years, the only difference here is making a digital way of buying and selling them. Makes no difference to the real value of the commodity ( Diamonds in this case ) just the way its being bought.
Cedex will provide alternative ways of buying its Coin to avoid such volatile currency's like Bitcoin.
Watch this turn around once RNS release on alternative method of buying Cedex
Techfinancials share price data is direct from the London Stock Exchange

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