Small caps round-up: Parallel Media, Paragon Entertainment, TyraTech

TyraTech, a natural life sciences company, has received a 0.5m dollar advance payment for a prospective new alliance with an unnamed agricultural products company located in the US. The firm said it is in advanced discussions with this prospective partner relating to a strategic partnership to further expand TyraTech's products and markets. The company now plans to finalise the partnership agreement and make a further announcement in the near future.

TyraTech, a natural life sciences company, has received a 0.5m dollar advance payment for a prospective new alliance with an unnamed agricultural products company located in the US. The firm said it is in advanced discussions with this prospective partner relating to a strategic partnership to further expand TyraTech's products and markets. The company now plans to finalise the partnership agreement and make a further announcement in the near future.

Paragon Entertainment, an AIM-listed attractions design, production, fit-out business, has formed a licensing agreement with Hasbro International, under which it will build and operate a series of NERF branded attractions in the UK. The NERF brand has been owned by Hasbro since 1991. The attractions will consist of purpose-built Nerf action arenas and Nerf blaster target ranges, with additional concepts in development.

Parallel Media, an AIM quoted sports marketing, entertainment and digital media agency, has acquired HW Alpha's 50% interest in Parallel Smart Media Asia Alpha Entertainment, for a nominal sum and the grant to HW Alpha of an 18-month option to subscribe for 900,000 ordinary shares in Parallel at 35p a share. "We anticipate that this restructuring will be of significant benefit to the company's shareholders as we look to develop our K-pop business," Parallel's Chairman said.

Recommended

How to invest today? Look to the past, not the future
Investment strategy

How to invest today? Look to the past, not the future

The past few years have seen so many changes to our way of life that many people said we had entered a “new normal”. But as it turns out, the new norm…
18 Aug 2022
A new legal headache for Haleon
Stocks and shares

A new legal headache for Haleon

Haleon, GSK’s former consumer-products arm, spun off last month, has made a dismal debut on the stockmarket.
17 Aug 2022
Persimmon yields 12.7%, but can you trust it to deliver?
Share tips

Persimmon yields 12.7%, but can you trust it to deliver?

With a dividend yield of 12.7%, Persimmon looks like a highly attractive prospect for income investors. But that sort of yield can also indicate a com…
17 Aug 2022
Cineworld faces a bleak future – investors should stay away
Share tips

Cineworld faces a bleak future – investors should stay away

Weighed down by crippling debts and with consumers tightening their belts, Cineworld's future does not look bright, says Rupert Hargreaves. Investors …
17 Aug 2022

Most Popular

Investors should get ready for a political revolution
UK Economy

Investors should get ready for a political revolution

Liz Truss will beat Rishi Sunak, cut taxes, and then shake up the Bank of England, says Helen Thomas
15 Aug 2022
How to protect your wealth as inflation hits new record highs
Investment strategy

How to protect your wealth as inflation hits new record highs

UK inflation has hit a new record high of 10.1%. It's going to hurt, says Dominic Frisby. Here's how you can protect your wealth.
17 Aug 2022
Don’t listen to the doom-mongers – the future is bright
Economy

Don’t listen to the doom-mongers – the future is bright

With volatile markets, raging inflation and industrial unrest, it may feel like things are bad and likely to get worse. But the end of the world is no…
15 Aug 2022