Harland & Wolff (LON: HARL) is preferred bidder for a fleet solid support contract and the share price jumped 50.8% to 15p. Harland & Wolff’s Appledore shipyard is part of a collaboration that could win a £1.6bn contract that could be secured early next year.
Paul Davidson has built up a 3.4% stake in Parsley Box (LON: MEAL), which has announced plans to ask shareholders to agree to cancelling its AIM quotation. The share price recovered a further 16.13% to 1.8p.
Ethernity Network (LON: ENET) has won a follow-on contract for a fixed wireless base station. This second generation system has double the capacity of the previous version and the order is worth $340,000. There was a 11.7% increase in the share price to 10.5p.
Downhole oil and gas exploration equipment supplier Enteq Technologies (LON: NTQ) is pinning its hopes on the SABER RSS equipment it is developing and about to test on hard rock in Norway. Enteq has cash of $2.4m and management believes this will finance the testing and a commercial launch of SABER RSS. Interim revenues more than doubled and there was a $500,000 loss. The share price moved 11.8% higher at 9.5p.
Kromek (LON: KMK) has won £4.9m UK government contract for developing and supplying biological threat detection systems. The three-year contract begins in December and should generate longer-term maintenance revenues. Last week, a $1.3m US nuclear security contract was won. This helps to further underpin the 2022-23 forecast revenues of £18m. The shares are 4.32% higher at 8.45p each.
Chain supplier Renold (LON: RNO) grew interim revenues by 22% to £116.3m, helped by the acquisition of YUK, and there is a record order book worth £99m. Underlying pre-tax profit was two-fifths higher at £7.3m. FinnCap has upgraded its full year pre-tax profit forecast to £13.5m. The share price is 4.35% ahead at 24p.
Jeffries has reduced its target price for electrolyser and fuel cell technology developer ITM Power (LON: ITM) from 105p a share to 185p a share. The share price fell 5.14% to 95.71p. Jeffries has also downgraded from buy to hold. Ceres Power (LON: CWR) has fallen 4.58% to 383p.
Live Company Group (LON: LVCG) says artist and singer Ohnim will hold a solo exhibition at StART ART+ in Seoul in December and January. StART ART is a division of Live Company Group. The share price declined by 5.56% to 3.4p.