Phorm finally fizzles out, leaving shareholders with nought
14th Apr 2016 15:36
(ShareCast News) - Phorm's controversial time on the stock market stumbled toward an ignominious end on Thursday as the notorious money-pit failed to find further funding, its nominated adviser Strand Hanson threw in the towel and a winding-up process began. Long-suffering shareholders, including th
Read moreSuspended Phorm raises fresh capital through note issue
16th Mar 2016 16:00
(ShareCast News) - Advertising technology company Phorm had £350,000 more cash in its pocket on Wednesday, after issuing convertible loan notes in the amount to existing shareholder Michael Bigger. In accordance with the terms of the convertible loan note instrument, interest would accrue on the uns
Read morePhorm selected to help Causemo profile potential donors
20th Oct 2015 09:16
(ShareCast News) - Phorm has teamed up with Causemo to improve the identification of and personalised communication with potential donors online. The AIM listed advertising-technology company announced the deal on Tuesday with the US charitable causes donation market innovator. It will use Phorm's
Read morePhorm appoints new chief revenue officer
13th Oct 2015 09:14
(ShareCast News) - Phorm Corporation has hired David Paquette as the company's new chief revenue officer. The appointment, announced Tuesday, is expected to "cultivate and accelerate sales of the company's technology platform, particularly in the US". Paquette brings 15 years of sales experience in
Read moreBoston Globe to implement Phorm's ad technology
9th Oct 2015 09:41
(ShareCast News) - Phorm Corporation has signed a deal for Boston Globe Media Group to use its advertising technology on the media group's digital properties. The company announced the deal on Friday, which will use its Machine-Learning Artificial Intelligence technology to identify and target speci
Read morePhorm raises £3.2m in placing and subscription
7th Aug 2015 14:09
(ShareCast News) - Phorm has raised £3.2m before expenses through the placing of 57.06m shares and a subscription for 7.4m, both priced at 5p per share. The closing mid-market price of the company's existing ordinary shares on 6 August was 6.25p and Phorm said it plans to use the proceeds for genera
Read morePhorm Corporation posts stronger user-base, advertising and revenue
3rd Jul 2015 09:17
Phorm Corporation announced that its Russian user-base, number of advertising requests and consequentially revenue swelled significantly in the second quarter. Average daily unique users soared to 35.5m, almost three times higher than the 12.5m recorded in the third quarter of 2014. Meanwhile, adve
Read moreTuesday tips round-up: Carillion, Phorm
9th Dec 2014 08:23
Carillion has been "through the wars" as one analyst recently put it, after de-scaling its British construction business and the odd negative publicity surrounding its relationship with suppliers. However, a recent run of contract wins should put to rest any doubts about the company's work pipeline.
Read morePhorm Corporation raises funds to boost capital
27th Mar 2014 14:57
Phorm Corporation has placed more than 90m new ordinary shares at a price of 11p to raise about 10m pounds before expenses. The internet personalisation technology company said it plans to use the proceeds to boost its capital reserves. The placing shares will represent about 14.65% of the group'
Read morePhorm delights with bullish Turkish update
24th Oct 2013 15:27
Share in internet monitoring outfit Phorm gained almost two-thirds on its reports of fast-growing user numbers in Turkey. The company, which recently shifted its head office from the US to Singapore to focus on Asian opportunities, said numbers of monthly active users had risen to 4.4m from 3.6m t
Read morePhorm soars after Chinese debut
3rd Oct 2013 10:30
In its first week of Chinese operations, internet monitoring company Phorm said it had averaged 4.3m users per day. Shares in the AIM-listed company, which was threatened with court action in the UK over its controversial Deep Packet Inspection internet browsing interception technology, soared on
Read morePhorm jumps after Turkey trials
16th Oct 2012 12:53
Shares Phorm, a company which delivers targeted advertising based on the websites that users visit, rose after initial trials in Turkey showed it can now use ISP data to profitably show targeted text advertising without using a search engine. The group, which works by scanning keywords on websites
Read morePhorm down on funding delays
20th Sep 2012 14:48
Shares in Phorm, a targeted Internet advertising technology company, has told investors that there has been a delay to its subscription agreement which was made to raise 20m pounds in funding. The delay is due to problems with one of the parties involved in the deal. More positively, the company
Read moreSmall caps round-up: Lighthouse, Verona Pharma, Manroy...
9th Jul 2012 10:25
Shares in Lighthouse Group, the financial advice and wealth management group, plunged on Monday after the company proposed to cancel its listing on AIM. The group must receive approval from shareholders representing at least three-quarters of the company's shares for the cancellation to be approved.
Read moreSmall cap round up: RiIG, JSJS Design, Phorm Inc
19th Jun 2012 10:24
Claims management provider RiIG said it had secured a contract with a bank to help it administer payouts following the payment protection insurance scandal. The firm said initial indications were the deal would bring in over £750,000 in turnover during the second half of 2012. "There is potential th
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