There was buying of shares in Quantum Exponential (QBIT) last week following the previous Friday’s investment in Oxford Quantum Circuits. The £299,997 investment, for a 0.34% stake, is part of a £869,000 funding round. Oxford Quantum Circuits designs super conducting circuits and plans to expand in Asia. There were nine trades with most of them on the Monday when there was the biggest share price rise. There was a 45.2% jump in the share price to 2.25p during the week.
One share trade in Black Sea Property (LON: BSP) last Monday at 1 cent a share sparked a 36.4% rise in the share price to 0.75 cents (0.5 cents/1 cents). The deal was valued at €150.
Oberon Investments (LON: OBE) appointed Paul Sheehan to its investment management team. He was recently working at WH Ireland. The share price improved by 9.33% to 4.1p.
EPE Special Opportunities Ltd (LON: EO.P) had cash of £24.5m at the end of January 2023. NAV was 334p a share, down from 456p a share. The share price recovered 5.71% to 185p. The Luceco (LON: LUCE) share price decline was part of the reason. The company bought back 5.4% of its share capital at an average price of 139p/share. A £2m investment was made in premium dog snacks maker Denzel’s Ltd.
Res Privata NV took a 3.83% stake in NFT Investments (LON: NFT) and even though there was selling early in the week the share price rose 2.5% to 1.025p.
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Fallers
Hemp and cannabinoid products supplier Yooma Wellness (LON: YOOM) is restructuring its business due to the depressed market conditions. Unprofitable activities have been wound down and management is still trying to come up with a new strategy. The 2021 Vertex acquisition is being handed back to the sellers and $1.2m in receivables has been assigned to them. The subsidiary in France is filing for a bankruptcy procedure. Yooma Wellness requires more cash and other operations may need to be sold. If not, then there could be insolvency proceedings. The share price slumped by 16.7% to 3.125p.
Marula Mining (LON: MARU) appointed PWC Kenya as advisor to its East Africa activities. This follows recently announced plans to move to AIM. The share price dipped by 11.5% to 5.4p.
Emissions reducing fuel ingredients supplier SulNOx Group (LON: SNOX) finance director Steven Cowin has given notice and will leave the board at the end of March 2023. Four directors have option agreements with 6% shareholder RemNOx Ltd, which would enable it to acquire a total of 24.08 million shares at 30p each between 6 February and 28 February. That would mean that RemNOx would own 29.9% of SulNOx. The share price fell 9.52% to 9.5p.
Music artist management and services provider All Things Considered (LON: ATC) is estimated to have generated revenues of £11m in 2022 and the loss should be slashed from £2.7m to £300,000. Increased touring by music artists helped the business to recover. The company could breakeven in 2023. The share price slipped by 4% to 96p. The December 2021 placing price was 153p.