Battery cells developer AMTE Power (LON: AMTE) has signed a framework deal with the UK Battery Industrialisation Centre to produce up to 60,000 Ultra High Power cells annually. The cells are fast charging and have high power delivery. Production commences in three months and the cells will be used for in-vehicle trials by potential customers – the initial focus is high performance electric vehicles – ahead of the opening of AMTE’s own factory in Dundee in a few years. The shares are 14.6% higher at 74.5p, down from the March 2021 placing price of 175p.
Some positive news from Victorian Plumbing (LON: VIC) with the outcome for the year to September better than previously downgraded expectations. Full year revenues were flat after growth in the second half. Gross margins are recovering. There is £43m in the bank. Halved pre-tax profit of £15m was previously expected. The results will be published on 6 December. The shares rose 15.5% to 41.1p. The June 2021 placing price was 262p.
Seeing Machines (LON: SEE) has an exclusive collaboration deal with Magna International for rear view mirror and occupant monitoring applications in vehicles. Magan is paying $17.5m in cash ($10m immediately and $7.5m over two years) and investing $47.5m via a convertible note, which is convertible at 11p a share. The share price rose 11.1% to 6.445p. This cash provides important funding as Seeing Machines continues to make a loss, albeit one that is reducing.
finnCap has upgraded its target price for Parkmead Group (LON: PMG) from 164p a share to 194p a share following the growth of its renewable generation assets and an 83% increase in the 2022-23 EBITDA forecast to £18.6m. The share price improved by 12.8% to 60p. The upgrade is based on a higher gas price in the Netherlands as well as a doubled profit contribution from the Kempstone Hill Wind Farm. Parkmead is expanding its Pitreadie renewable generation project.
Mobile content and data company Mobile Streams (LON: MOS) launched a placing and subscription raising £1.2m at 0.18p a share, which was a one-third discount to the market price. The shares have fallen 29.6% to 0.19p. There is potential to raise up to £200,000 more through a broker option. The new shares come with warrants exercisable at 0.3p each. Directors plan to subscribe for nearly 29 million shares.
X-ray imaging technology developer Image Scan (LON: IGE) says that full year revenues will be below expectations. There were delays in completing contracts and problems sourcing components. WH Ireland has cut its 2021-22 forecast revenues from £2.5m to £2m, while the loss has been raised from £300,000 to £400,000. A small profit is anticipated for 2022-23. The share price slumped 22.2% to 1.05p.
Retailer and financial services provider N Brown Group (LON: BWNG) reported a 5% decline in interim revenues and an 82% slump in underlying pre-tax profit to £4.3m. Some price increases have been made to offset rising costs. The business is continuing its move to focus on digital and a new Jacamo site will be launched next year. Product revenues continue to decline. The share price fell 11.9% to 21.425p. N Brown raised £100m at 57p a share prior to moving from the Main Market to AIM in December 2020.
Yesterday, Europa Metals (LON: EUZ) announced a $6m farm-in for the Toral zinc lead project in Spain. Denarius Metal Corp can earn up to 80% of the project. The first phase involves the spending of $4m to earn 51%, followed by a delivery of a prefeasibility study and the payment of $2m to take the stake to 80%. The share price had risen from 2.925p to 3.8p, but there has been profit-taking today and it has slipped back 9.2% to 3.45p.
Technology investment company Tern (LON: TERN) has raised £1.6m at 7.5p a share. The cash will enable Tern to invest more in its current portfolio companies. The share price fell 9.1% to 7.5p.
Ex-dividends
Andrews Sykes (LON: ASY) is paying a special dividend of 16.6p a share and an interim dividend of 11.9p a share, while the share price fell 10p to 515p.
Begbies Traynor (LON: BEG) is paying a final dividend of 2.4p a share and the share price edged up 0.1p to 136.5p.
Christie Group (LON: CTG) is paying an interim dividend of 1.25p a share and the share price is unchanged at 111.5p.
Curtis Banks Group (LON: CBP) is paying an interim dividend of 2.5p a share and the share price has risen by 4.5p to 275p.
D4T4 Solutions (LON: D4T4) is paying a special dividend of 12.5p a share and the share price is 14p higher at 256.5p.
EMIS Group (LON: EMIS) is paying an interim dividend of 17.6p a share and the share price is 23p lower at 1887p.
Frenkel Topping (LON: FEN) is paying a final dividend of 1.02p a share and the share price is unchanged at 59.5p.
HSS Hire (LON: HSS) is paying an interim dividend of 0.17p a share and the share price is 0.625p higher at 13.125p.
Ingenta (LON: ING) is paying an interim dividend of 1.2p a share and the share price is unchanged at 109.5p.
Johnson Service Group (LON: JSG) is paying an interim dividend of 0.8p a share and the share price edged up 0.2p to 88.3p.
Judges Scientific (LON: JDG) is paying an interim dividend of 22p a share and the share price fell 40p to 7300p.
K3 Capital Group (LON: K3C) is paying a final dividend of 8.1p a share and the share price declined by 7.5p to 265p.
Keywords Studios (LON: KWS) is paying an interim dividend of 0.77p a share and the share price is 39p higher at 2405p.
Learning Technologies Group (LON: LTG) is paying an interim dividend of 0.45p a share and the share price is 1.8p lower at 112.3p.
Mortgage Advice Bureau (LON: MAB1) is paying an interim dividend of 13.4p a share and the share price rose 14p to 580p.
Panther Securities (LON: PNS) is paying an interim dividend of 6p a share and the share price is unchanged at 300p.
Personal Group Holdings (LON: PGH) is paying an interim dividend of 5.3p a share and the share price is down 4.5p to 187p.
Real Estate Investors (LON: RLE) is paying a quarterly dividend of 0.81p a share and the share price is unchanged at 32.5p.
Skillcast (LON: SKL) is paying an interim dividend of 0.17p a share and the share price is unchanged at 21.5p.
Smart Metering Systems (LON: SMS) is paying a dividend of 7.56p a share and the share price rose 2p to 823p.
Strix (LON: KETL) is paying an interim dividend of 2.75p a share and the share price fell 2.5p to 117.9p.
Tandem Group (LON: TND) is paying an interim dividend of 3.43p a share and the share price is 10p higher at 250p.
TPXimpact (LON: TPX) is paying a final dividend of 0.6p a share and the share price recovered 4p to 40.5p after recent sharp declines.