Reported Earnings • Mar 27
First half 2025 earnings released: UK£0.01 loss per share (vs UK£0.012 loss in 1H 2024) First half 2025 results: UK£0.01 loss per share (improved from UK£0.012 loss in 1H 2024). Revenue: UK£2.02m (down 12% from 1H 2024). Net loss: UK£453.0k (loss narrowed 15% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. New Risk • Feb 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 35% per year over the past 5 years. Market cap is less than US$10m (UK£6.02m market cap, or US$7.47m). Announcement • Jan 11
Advfn plc Announces Resignation of Anthony Wollenberg as Non-Executive Director ADVFN Plc announced that Anthony Wollenberg has resigned from his position as a non-executive director with effective 10 January 2025. Announcement • Nov 26
ADVFN Plc, Annual General Meeting, Dec 16, 2024 ADVFN Plc, Annual General Meeting, Dec 16, 2024. Location: the offices of rpc, tower bridge house, st katharines way, e1w 1aa, london United Kingdom Reported Earnings • Nov 22
Full year 2024 earnings released: UK£0.018 loss per share (vs UK£0.052 loss in FY 2023) Full year 2024 results: UK£0.018 loss per share (improved from UK£0.052 loss in FY 2023). Revenue: UK£4.44m (down 18% from FY 2023). Net loss: UK£850.0k (loss narrowed 54% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance. New Risk • Nov 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.87m (US$9.96m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 36% per year over the past 5 years. Market cap is less than US$10m (UK£7.87m market cap, or US$9.96m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (6.9% average weekly change). Announcement • Oct 24
Advfn plc Provides an Update on the Current Development of the ADVFN Investor Platform Board of ADVFN provided an update on the current development of the ADVFN investor platform. As reported earlier this year, the Company has been making a number of enhancements to the Platform, in line with ADVFN's strategic aim to position the Company as a cutting-edge technology company within the financial space and expected that the Company's new mobile app would be scheduled for release by the end of Third Quarter this year. The phased rollout of the new mobile application has now commenced. The applications have not yet reached 100% of the platform user base as the launch is being phased to gather valuable feedback at each stage of rollout. This phased approach allows ADVFN to refine and enhance the user experience before full deployment. As part of a new initiative, ADVFN has also introduced a soft launch of its Live Chat platform, providing real-time communication features to the ADVFN community. Both the new apps and Live Chat are now in the feedback and rollout phase, and ADVFN will continue to make adjustments based on user input. Further updates will be provided as the rollout progresses, with a full-scale launch planned in the near future. New Risk • Oct 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 36% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (UK£8.79m market cap, or US$11.5m). Announcement • Jul 23
ADVFN Plc Provides an Update on the Current Development of the ADVFN Investor Platform The Board of ADVFN provided an update on the current development of the ADVFN investor platform. As reported earlier this year, the Company has been making a number of enhancements to the Platform, in line with ADVFN's strategic aim to position the Company as a cutting-edge technology company within the financial space. These enhancements include the launch of ADVFN AIIntelligence which is designed to empower ADVFN users with a reliable, easy-to-use AI tool that enhances their decision-making process by offering real-time, intelligent responses to a wide range of financial queries. The recent progress on revamping the ADVFN offering, including theredesign and mobile optimisation of the website, is phased as follows: Phase 1 completed: The first phase of thePlatform updates, which includes most of the core tools and pages ADVFN offers andADVFN AIIntelligence, is now live; Phase 2 initiated: The company have commenced the rollout of these enhancements to additional countries, with completion anticipated in the Autumn; and Long Tail Redesign: Upon the conclusion of Phase 2, it will proceed with a comprehensive update of the remaining sections of the platform. The company have also successfully integrated advanced analytics into its operations, significantly enhancing data-driven decision-making capabilities. Optimisation and monetisation efforts are underway, with the primary objective of increasing its subscription base. The Company's new mobile app is currently in the testing phase and is scheduled for release by the end of third quarter this year and it expect to commence the onboarding process for existing users shortly. Announcement • Jun 05
ADVFN Plc Appoints Shalom Berkovitz as A Non-Executive Director ADVFN plc announced the appointment of Shalom Berkovitz as a Non-executive Director with immediate effect. Mr. Berkovitz was formerly Chief Financial Officer and Deputy Chief Executive of eToro from 2016 to 2023 when he retired. Mr. Berkovitz continues to act on a number of eToro's group company boards. Prior to joining eToro, Mr. Berkovitz was Chief Executive of DSNR Media Group. Mr. Berkovitz graduated with a B.Sc.EE in1987 from Technion - Israel Institute of Technology, an MBA from Tel Aviv University in 1992, and is a Harvard Business School GMP25 graduate. ShalomBerkovitz, aged 57,has held the following directorships and/or partnerships in the past five years: Current directorships and/or partnerships: eToro USA Advisers Inc., eToro USA Securities Inc., eToro NY LLC, eToro US Holdings INC, eToro US Trading LLC, Toro (ME) Ltd, eToro USA LLC. Past directorships and/or partnerships: eToro (UK) Limited, eToro (Europe) Limited (CY), eToro SA (Pty) Ltd, eToro (Cayman) Trading Ltd, eToro Money UK Ltd, eToro (Seychelles) Limited, eToro Singapore PTE. LTD, eToro (Europe) Digital Assets Limited. New Risk • May 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 36% per year over the past 5 years. Market cap is less than US$10m (UK£6.67m market cap, or US$8.48m). Reported Earnings • Mar 22
First half 2024 earnings released: UK£0.012 loss per share (vs UK£0.024 loss in 1H 2023) First half 2024 results: UK£0.012 loss per share (improved from UK£0.024 loss in 1H 2023). Revenue: UK£2.29m (down 25% from 1H 2023). Net loss: UK£531.0k (loss narrowed 15% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • Dec 23
ADVFN Plc Recommends No Dividend for the Financial Year 2023 ADVFN Plc announced that during the year, no dividends (2022: £589k) were paid. The board is not recommending the payment of any further dividends in the current financial year. Reported Earnings • Dec 21
Full year 2023 earnings released: UK£0.052 loss per share (vs UK£0.052 loss in FY 2022) Full year 2023 results: UK£0.052 loss per share (in line with FY 2022). Revenue: UK£5.45m (down 31% from FY 2022). Net loss: UK£1.86m (loss widened 36% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Announcement • Dec 21
ADVFN Plc, Annual General Meeting, Jan 12, 2024 ADVFN Plc, Annual General Meeting, Jan 12, 2024, at 10:30 Coordinated Universal Time. Location: RPC, Tower Bridge House, St Katherine's Way England United Kingdom Announcement • Dec 06
ADVFN Plc, Annual General Meeting, Dec 28, 2023 ADVFN Plc, Annual General Meeting, Dec 28, 2023, at 10:30 Coordinated Universal Time. Location: the offices of RPC, Tower Bridge House, St Katharine's Way London E1W 1AA London United Kingdom New Risk • Sep 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Market cap is less than US$10m (UK£6.67m market cap, or US$8.18m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). New Risk • Sep 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Market cap is less than US$10m (UK£7.36m market cap, or US$9.20m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Recent Insider Transactions • Mar 26
CEO & Executive Director recently bought UK£349k worth of stock On the 22nd of March, Amit Tauman bought around 1m shares on-market at roughly UK£0.33 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Amit's only on-market trade for the last 12 months. Reported Earnings • Mar 07
First half 2023 earnings released: UK£0.024 loss per share (vs UK£0.008 profit in 1H 2022) First half 2023 results: UK£0.024 loss per share (down from UK£0.008 profit in 1H 2022). Revenue: UK£3.06m (down 28% from 1H 2022). Net loss: UK£622.0k (down 408% from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Announcement • Feb 07
ADVFN Plc Announces Resignation of Jon Mullins as Director The Board of ADVFN Plc announced that Jon Mullins is stepping down from his position as a director with effect from 6 February 2023. Mr Mullins has made a valuable contribution to the Company during his tenure and the Board thanks him for his service. The Company is in the process of identifying a successor to Mr. Mullins as finance and technical director. In order to facilitate an orderly handover of responsibilities, Mr. Mullins will continue to provide financial consultancy services to the Company on an interim basis. In the meantime, Amit Tauman will assume Board responsibility for finance. A further announcement will be made in due course. Announcement • Jan 07
ADVFN Plc has completed a Follow-on Equity Offering in the amount of £5.719766 million. ADVFN Plc has completed a Follow-on Equity Offering in the amount of £5.719766 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,332,623
Price\Range: £0.33
Transaction Features: Rights Offering Reported Earnings • Dec 07
Full year 2022 earnings released: UK£0.052 loss per share (vs UK£0.063 profit in FY 2021) Full year 2022 results: UK£0.052 loss per share (down from UK£0.063 profit in FY 2021). Revenue: UK£7.85m (down 13% from FY 2021). Net loss: UK£1.37m (down 185% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Dec 07
ADVFN Plc, Annual General Meeting, Dec 29, 2022 ADVFN Plc, Annual General Meeting, Dec 29, 2022, at 10:00 Coordinated Universal Time. Location: RPC, Tower Bridge House, St Katherine's Way, London E1W 1AA London United Kingdom Announcement • Nov 28
ADVFN Plc Announces Executive Changes ADVFN Plc announced further to the announcement of the board composition on 19 August 2022, the company announced that with immediate effect Amit Tauman has been appointed Chief Executive Officer. Jon Mullins, who had been acting Chief Executive Officer, has reverted to his roles of Chief Financial and Technology Officer. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Tony Wollenberg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 20
ADVFN Plc Announces Board Changes ADVFN Plc announced on 8 August 2022, Lord Gold, a non-executive director of the Company, has become non-executive Chairman of the Company. Amit Tauman, a non-executive director has also been appointed an executive director. Following these latest appointments, the Board composition is as follows: Lord Gold: Non-executive Chairman, Jon Mullins: Acting Chief Executive, Matt Collom: Executive Director (sales), Amit Tauman: Executive Director, Anthony Wollenberg: Non-executive Director. The Company's Board committees have also been reconstituted as follows: Audit Committee Lord Gold (Chair), Anthony Wollenberg. Remuneration Committee Lord Gold (Chair), Anthony Wollenberg, Jon Mullins, Amit Tauman. Announcement • Aug 08
ADVFN Plc Announces Directorate Change The Board of ADVFN announced that, after 22 years of service with the Company, Michael Hodges is stepping down from his position as a director and Chairman with immediate effect. Thomas Spiller has stepped down from his position as non-executive director of the Company, also with immediate effect. Lord Gold, a non-executive director of the Company, will become the non-executive Chairman of the Company. Announcement • May 02
ADVFN Plc Appoints Anthony Wollenberg, Amit Tauman and Lord David Gold as Directors ADVFN Plc announced that it has approved appointment of Anthony Wollenberg, Amit Tauman and Lord David Gold as directors, at its General Meeting held on 29 April 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Tom Spiller was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 05
ADVFN Plc, Annual General Meeting, Apr 29, 2022 ADVFN Plc, Annual General Meeting, Apr 29, 2022, at 10:30 Coordinated Universal Time. Location: Conference Room, Essex Technology Centre, The Gables, Fyfield Road, CM5 0GA Ongar Essex United Kingdom Agenda: To consider resolutions proposing Anthony Wollenberg is appointed a director of the company; to consider resolutions proposing Amit Tauman is appointed a director of the company; and to consider resolutions proposing Lord David Gold is appointed a director of the company. Recent Insider Transactions Derivative • Feb 27
CEO, MD & Executive Director exercised options to buy UK£142k worth of stock. On the 24th of February, Clement Chambers exercised options to buy 200k shares at a strike price of around UK£0.41, costing a total of UK£83k. This transaction amounted to 20% of their direct individual holding at the time of the trade. Since June 2021, Clement has owned 1.01m shares directly. Company insiders have collectively bought UK£140k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Feb 24
ADVFN Plc Announces Resignation of Clem Chambers as Chief Executive February 28, 2022 ADVFN Plc announced the Board and Clem Chambers have agreed that Clem Chambers will step down as Chief Executive of ADVFN and resign all his group directorships with effect from 28 February 2022. Reported Earnings • Feb 24
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: UK£0.008 (down from UK£0.01 in 1H 2021). Revenue: UK£4.23m (flat on 1H 2021). Net income: UK£202.0k (down 24% from 1H 2021). Profit margin: 4.8% (down from 6.2% in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Feb 24
Company Receives an Indicative Proposal Regarding A Minority Investment and Business Collaboration by an Overseas Investor ADVFN Plc (AIM:AFN) announced that the Board has received an indicative proposal regarding a minority investment and business collaboration by an overseas investor operating in a similar business segment to ADVFN. The proposal envisages the subscription by the investor for a 9.9% interest in ADVFN at or around the current market price, with the subscription monies to be used to fund collaborative business development projects with ADVFN. Shareholders should note that discussions with the investor are still at an early stage and there is no certainty that any final agreement will be concluded successfully. Announcement • Feb 22
ADVFN plc Announces Interim Dividend for the Six Months Ended 31 December 2021, Payable on 11 April 2022 ADVFN Plc announced that the Board's adopted policy was to pay dividends twice a year in equal instalments on a semi-annual basis following the release of the interim and full year financial results. Accordingly, for the six months ended 31 December 2021, the Board announced that the Company will pay an interim dividend of 0.75 pence per ordinary share, which is in line with last year's dividend of 1.5 pence for the year as a whole. The interim dividend will be payable as per the timetable below: Ex dividend dated: 24 March 2022; Record date: 25 March 2022; Payment date: 11 April 2022. Announcement • Feb 15
ADVFN Plc Announces Yair Tauman to Resign as Director On 26 January 2022, the Board of ADVFN plc announced that it had received a letter from Mr. Yair Tauman in which Mr. Yair Tauman requested that the Company convene a general meeting under section 303 of the Companies Act, to consider the proposals that Mr. Chambers be removed from his office as a director of the Company and Messrs Anthony Wollenberg, Amit Tauman and Lord David Gold be appointed as directors of the Company. Reported Earnings • Nov 11
Full year 2021 earnings released: EPS UK£0.063 (vs UK£0.009 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£9.06m (up 28% from FY 2020). Net income: UK£1.62m (up UK£1.84m from FY 2020). Profit margin: 18% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Announcement • Jul 06
ADVFN Plc Provides Earnings Guidance for the Year Ended 30 June 2021 ADVFN Plc provided earnings guidance for the year ended 30 June 2021. Based on unaudited management accounts and subject to audit, the Board expects to report revenue for the year ended 30 June 2021 of approximately £9 million (2020: approximately £7 million). Recent Insider Transactions Derivative • May 02
CEO, MD & Executive Director exercised options to buy UK£259k worth of stock. On the 29th of April, Clement Chambers exercised options to buy 411k shares at a strike price of around UK£0.14, costing a total of UK£58k. This transaction amounted to 68% of their direct individual holding at the time of the trade. Since September 2020, Clement has owned 603.20k shares directly. This was the only transaction from an insider over the last 12 months. Reported Earnings • Feb 21
First half 2021 earnings released: EPS UK£0.01 (vs UK£0.016 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£4.23m (up 13% from 1H 2020). Net income: UK£264.0k (up UK£663.0k from 1H 2020). Profit margin: 6.2% (up from net loss in 1H 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 06
New 90-day high: UK£0.21 The company is up 35% from its price of UK£0.15 on 08 October 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 10.0% over the same period. Reported Earnings • Nov 27
Full year 2020 earnings released: UK£0.009 loss per share The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: UK£7.07m (down 19% from FY 2019). Net loss: UK£225.0k (loss narrowed 45% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 96% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Announcement • Nov 06
Advfn plc and Edison Partner for Global IR Solutions ADVFN plc and Edison have joined forces to create investor relations packages that target both institutional and private investors and deliver an unparalleled distribution network.
Edison is providing a suite of equity insight products and IR assets for listed companies, which will be disseminated across ADVFN's group of websites. As well as being promoted to ADVFN's 3.1 million monthly retail users, the content will feature on Edison's website and be distributed to its channel of 60-plus investor content platforms, including Bloomberg, Refinitiv and S&P.
The Accent and Apex packages enable companies to engage directly with a community of astute investors and communicate the full story of the intellectual capital of their business and its investment potential. Accent incorporates Edison's QuickViews product, a digital one-pager that delivers instant insight into a company providing a description of the business, the underlying investment case and the reasons to be a bull or a bear. Accent also includes a slot on EdisonTV, which showcases the equity profile of the company in question and presents insights from Edison's analysts and other investment professionals. The Apex offering additionally includes a premium product: a thematic report or webinar. Thematic reports - these provide insights into emerging trends from across the investment spectrum and contextualise companies within them in order to reach an even broader base of investors. Webinars - the online webinars, which are recorded by Edison and distributed globally, highlight a company's investment cases in light of the topical global trends piquing investor interest. Reported Earnings • Oct 26
Full year earnings released - UK£0.0088 loss per share Over the last 12 months the company has reported total losses of UK£225.0k, with losses narrowing by 45% from the prior year. Total revenue was UK£7.07m over the last 12 months, down 19% from the prior year. Announcement • Oct 19
ADVFN plc Appoints Tom Spiller OBE as an Independent Non-Executive Director The Board of ADVFN plc announced that Tom Spiller OBE has been appointed with effect from October 19, 2020 as an independent Non-executive Director of the Company. Mr. Spiller is a Senior Associate in the Dispute Resolution department at, Rosenblatt, a listed City law firm, with experience in acting in commercial, banking and regulatory disputes, including public company corporate governance, and internal and regulatory investigations. Mr. Spiller graduated from the University of Birmingham with a BA in Political Science and qualified as a solicitor at Herbert Smith LLP in 2009. Mr. Spiller was awarded an OBE in the Queen's 2019 Birthday Honours List for public and political service. 