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Prices & Quotes - UK Markets - Online Blockchain (OBC)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
40.00p
Change Today:
0.000p
Market Cap:
5.72m
Sector:
Software & Computer Services

Online Blockchain loss deepens after 'awful' year for crypto

By Duncan Ferris

Date: Wednesday 27 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Online Blockchain's shares slipped on Wednesday after it reported that its interim loss widened following an "awful" 12 months for cryptocurrencies.
The blockchain research and development company recorded a loss before tax of 0.3m for the six-month period ended 31 December, an increase from the 7,000 loss recorded in the same period the year before, as revenue dropped from 32,000 to 26,000.

The AIM traded company had cash and cash equivalents of 0.4m at the end of 2018, up from nil at the same point the year before.

Clement Chambers, chief executive of Online Blockchain, said: "Cryptocurrencies and tokens have had an awful last 12 months and many companies have gone to the wall or cut dramatically back, because their business models relied on the value of coins rather than their use. Our developments are all based on use rather than the values of coins and this, we believe, is the key to producing Blockchain products with longevity."

Chambers said the products Online Blockchain has been developing will shortly be in test and generating revenue, with the board "excited" in their belief that the products will generate material revenue before the end of the year as the company shifts into its product marketing phase.

"The first of these new products are in test with the initial test community as I write, and this group will be widened in the coming weeks. The second products will follow shortly in the same way. This will mean that in weeks OBC will not only have four listed Crytpo-currencies but two live Blockchain products that we hope may quickly begin to generate some initial revenues," said Chambers.

Online Blockchain's shares were down 7.09% at 20.44p at 1135 GMT.

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

 

OBC Market Data

Currency UK Pounds
Price 40.00p
Change Today 0.000p
52 Week High 106.50p
52 Week Low 16.50p
Volume 8,445
Shares Issued 14.31m
Market Cap 5.72m
Beta 0.01

Performance Indicators

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OBC Dividends

No dividends found

Trades for 17-Sep-2021

Time Volume / Share Price
12:55 246 @ 39.98p
11:25 900 @ 38.40p
11:18 238 @ 38.40p
11:05 5,050 @ 40.00p
10:09 5 @ 40.00p

OBC Key Personnel

Chair Michael J Hodges
CFO Jonathan Mullins