AIM-quoted Northbridge Industrial (LON: NBI), which is set to change its name to Crestchic. Trading at the core power reliability business is better than the recently upgraded expectations. Previously full year earnings of 12.1p a share were forecast. The share price rose 12.5p to 205p on Thursday. That is the highest the share price has been since 2015, helped by share buy backs. There is a strong pipeline for rental and sale of loadbank equipment. New depots are open in the US and Belgium. The enlarged manufacturing facility is being officially opened on 6 July. The disposal of the oil and gas tools business is near completion.
Minerals explorer Altus Strategies (LON: ALS) is seeing the benefits of its move into mining royalty investments. In the first quarter of 2022, it received $1.54m, up 24% on the previous quarter, for its royalty interest in the Caserones copper mine in Chile. Just as important was the increase in projected mine life from 17 to 28 years. The share price rose 3p to 48.5p.
India-based call centre operator iEnergizer Ltd (LON: IBPO) says that it is in talks with Mumbai-based BPEA Advisors Private Ltd concerning a potential bid as part of a strategic review by the AIM-quoted company. This sparked a 31p rise in the share price to 425p. iEnergizer is a highly cash generative business that has paid substantial dividends in recent years, including a special dividend of 49.4p a share at the beginning of 2021. The most recent interim dividend was increased from 5.72p a share to 8.1p a share. The forecast yield is 4.7%.