Vela Technologies #VELA – TR1: Notes that Dowgate Group Limited has acquired 420,000 shares in investee co Northcoders #CODE, and now owns 5.24% of the company. Full TR1 here: https://www.londonstockexchange.com/news-article/CODE/notification-of-major-holdings/16513877
Continue readingVela Technologies #VELA investee company Northcoders (AIM:CODE), an independent provider of training programmes for software coding, announces its results for the six months ended 30 June 2023 “Group continues to grow despite challenging macro environment with record demand for consumer training bootcamps” Financial Highlights · Revenue grew to £3.5 million (H1 2022: £2.4million), an increase of 46% · Record demand for consumer bootcamp training, delivering revenues in H1 2023 of £2.8 million (H1 2022: £1.7 million)…
Continue readingNorthcoders (AIM: CODE), an independent provider of training programmes for software coding, is pleased to announce its Final Results for the year ended 31 December 2022 (‘FY22’ or the ‘Period’). Financial Highlights · Group revenue up 86%1 to £5.6 million (FY21: £3.0 million) o Consumer revenue increased by 77%1 to £4.9 million (FY21: £2.8 million) o Corporate revenue increased by 189%1 to £0.7 million (FY21: £0.3 million) · Gross profit up 82%1 to £3.9 million (FY21: £2.2 million) with a gross profit margin…
Continue readingThe Board of Vela (AIM: VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, announces that the Company has purchased 33,333 ordinary shares of 1 penny each in Northcoders Group plc (“Northcoders”) as part of the secondary placing undertaken by Northcoders, details of which were announced by Northcoders on 21 November 2022. Further information on Northcoders Northcoders is a market leading provider of coding and software development training for businesses…
Continue readingNorthcoders (AIM:CODE), an independent provider of training programmes for software coding, is pleased to announce that, further to the announcement made earlier today, the Company has raised approximately £2.1 million (before expenses). Pursuant to the Placing, 694,444 new Ordinary Shares have been conditionally placed at a placing price of 300 pence per share (“Placing Shares”). WH Ireland and Peterhouse acted as Joint Brokers in connection with the Placing. The Placing was significantly oversubscribed and…
Continue readingNorthcoders (AIM:CODE), the independent provider of training programmes for software coding, is pleased to announce that it intends to raise approximately £2.1 million (before expenses) by way of a placing of approximately 694,444 new Ordinary Shares at a price of 300 pence per share. The Placing Price represents a discount of approximately 4.8 per cent to the closing price of 315 pence per Ordinary Share on 18 November 2022, being the latest practicable business day…
Continue readingThe Board of Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to provide an update for the quarter ended 30 September 2022. Key numbers as at 30 September 2022: Net assets per share at 30 September were 0.039p (30 June 2022 – 0.041p). Vela’s portfolio comprised a total of 13 active investments (30 June 2022 – 13). Two of these investments were unquoted, ten were quoted, and…
Continue readingNorthcoders (AIM:CODE), an independent provider of training programmes for software coding, is pleased to announce its results for the six months ended 30 June 2022 (‘H1 2022’ or the ‘Period’). Financial Highlights · Revenue more than doubled to £2.37 million in H1 2022 (H1 2021: £1.09 million), an increase of 117% o Particularly strong demand for bootcamp training, delivering revenues in H1 2022 of £1.72 million (H1 2021: £0.93 million) as Northcoders continues to build…
Continue readingNorthcoders (AIM:CODE), the independent provider of training programmes for software coding, is pleased to announce that the Group has been successful in securing further funding from the Department for Education Skills Bootcamps Wave 3 bid. This new round of funding provides Northcoders with £4 million worth of scholarships to train individuals on their market-leading bootcamp. The new contract provides the Company with revenue visibility into FY23, which is expected to be another year of significant…
Continue readingNorthcoders (AIM:CODE), the independent provider of training programmes for software coding, is pleased to provide the following trading update for the six months to 30 June 2022 (‘the Period’). At 30 June 2022 revenue visibility for the financial year to December 2022 was already at 83% of market expectations Continued growth in demand with 3,494 applications in the six-month period compared to 3,662 applications in the full year to December 2021 Strong reputation of Northcoders…
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