Inland Homes (LON: INL) launched a subscription for up to £4.6m at 10p a share yesterday evening and the share price recovered 30% to 6.5p. Founder Stephen Wicks is subscribing £2.5m. Trading in the shares will be suspended on 3 April until the accounts are published.
Oil and gas company PetroTal Corp (LON: PTAL) generated free cash of $162m last year. It also increased its after tax NPV10 to $1.75 a share. The share price rose 10.8% to 43.75p.
James and Olga Simmons have increased their stake in oil and gas company Prospex Energy (LON: PXEN) from 5.3% to 6.02%. The share price is 9.38% ahead at 8.75p, having risen 157% over the past week due to other share buying.
Sanderson Design Group (LON: SDG) has secured a licensing deal with J Sainsbury. This covers the Sainsbury’s Habitat homewares and Tu clothing and includes the Morris & Co and Scion brands. New products will be launched in 2024.
There are more delays for the electric vehicle contract due to redesigns and that means that Trackwise Designs (LON: TWD) will run out of cash more quickly than expected. Delayed payments mean that the current cash may only last until May, and not August, unless the problem is sorted out quickly. There will be an impairment charge on assets with the 2022 figures. The share price dived 43.5% to 0.65p, compared with the recent fundraising price of 1p.
Restaurants operator Tasty (LON: TAST) fell into loss in 2022 despite higher revenues following the ending of lockdowns. Inflationary pressures and staff shortages hit the business, but they are easing. There is still £7m in the bank. This year’s performance is ahead of expectations. The share price slumped 13.5% to 2.25p.
Test systems supplier Pipehawk (LON: PIP) reported a larger interim loss on lower revenues. Timescales of projects have been extended because of lack of availability of components. Order books are good. The share price declined 9.26% to 1225p.
XLMedia (LON: XLM) is refocusing its business on the US sports betting market as the states legalise this form of gambling. This year, US sports betting contributed two-thirds of the digital media company’s revenues and there are more markets opening up. Operating costs have been reduced. Cenkos has trimmed its 2023 forecast, but still expects earnings of 3.1 cents a share. The share price slipped 4.24% to a new low of 14.125p.
Ex-dividends
GlobalData (LON: DATA) is paying a final dividend of 18.3p a share and the share price fell 15p to 1220p.
Duke Royalty (LON: DUKE) is paying a dividend of 0.7p a share and the share price declined 0.6p to 32.1p.
IDOX (LON: IDOX) is paying a final dividend of 0.5p a share and the share price rose 0.3p to 62.3p.
Quartix Holdings (LON: QTX) is paying a final dividend of 6.3p a share and the share price is unchanged at 260p.
Wynnstay Group (LON: WYN) is paying a final dividend of 11.6p a share and the share price slipped 7.5p to 11.6p.