Tintra (TNT)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM All-Share

245.00p
   
  • Change Today:
    -25.00p
  • 52 Week High: 305.00
  • 52 Week Low: 35.00
  • Currency: UK Pounds
  • Shares Issued: 13.37m
  • Volume: 106,745
  • Market Cap: £32.75m
  • Beta: 0.01

Tintra shares jump on AI joint venture

By Sean Farrell

Date: Wednesday 24 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Tintra has signed a joint venture deal with an artificial intelligence company to develop an international payments system based AI.
The company said it would issue new shares to Time Machine Capital 2, an investment and research business that applies AI to financial services. Tintra will take a 50% stake in Finsensr, a business founded by TMC2 to develop automated learning in the financial sector.

Tintra will issue 636,475 new shares to TMC2 and the same number of warrants to subscribe for shares at 52.5p each over a term of five years. The price is the closing price on 22 November and the warrants can be exercised in stages depending on Tintra's market value, which would have to reach £1bn for all the warrants to vest.

Shares of Tintra jumped 22.5% to 59.4p at 10:32 GMT giving it a market value of £7.6m.

Each company will appoint two directors to Finsensr's board and Tintra Chief Executive Richard Shearer will be chairman. Finsensr's payments system will be the cornerstone for Tintra's platform for financial services in emerging markets.

Gary Wright, Finsensr's lead adviser on the project said: "We are excited to enter into this long-term partnership with Tintra to support the expansion of their business through the use of our leading-edge artificial intelligence."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Tintra Market Data

Currency UK Pounds
Share Price 245.00p
Change Today -25.00p
% Change -9.26 %
52 Week High 305.00
52 Week Low 35.00
Volume 106,745
Shares Issued 13.37m
Market Cap £32.75m
Beta 0.01

Tintra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
99.90% above the market average99.90% above the market average99.90% above the market average99.90% above the market average99.90% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
45.79% above the market average45.79% above the market average45.79% above the market average45.79% above the market average45.79% above the market average
72.73% above the sector average72.73% above the sector average72.73% above the sector average72.73% above the sector average72.73% above the sector average

Tintra Dividends

No dividends found

Trades for 26-Jan-2022

Time Volume / Share Price
16:27 194 @ 240.60p
16:27 25 @ 242.40p
16:24 20 @ 253.00p
16:22 411 @ 244.78p
15:05 3,000 @ 254.00p

Tintra Key Personnel

CEO Richard Shearer
CFO Abdul Sajid

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