Restaurants operator Comptoir (LON: COM) says revenues grew in double digits and there are plans to open more restaurants. Pre-tax profit fell from £1.5m to £902,000 because of higher overheads. The share price increased 12% to 7p.
Brazil-focused gold producer Serabi Gold (LON: SRB) has signed a strategic exploration alliance with Vale, which will assess large scale copper projects on the Palito Complex. There are four phases during which Vale can earn up to 90% of the project. Serabi would have a put option to sell the other 19% for $10m and a 1.5% net smelter royalty. There will be an initial $5m investment in exploration. The share price rose 9.68% to 34p.
Afrenta (LON: AET) has acquired small stakes in two oil exploration blocks for $17m, plus $10m deposit. The share is 6.35% ahead.
Shares in Zenova Group (LON: ZED) rose 4.76% to 5.5p when it announced an insulation project at Liverpool John Moores University. This uses the company’s insulation paint.
Marwyn Investment Management has decided not to invest£10m at 10.5p a share in Unbound Group (LON: UBG) and the share price has slumped by 55.2% to 3.25p. There is concern about the footwear retailer’s trading. Management says that it will require further covenant waivers from its funders. Options for raising cash are being considered.
Live Company Group (LON: LVCG) is selling two underperforming tours: Mythical Beasts and Outer Space. They will raise £350,000 in staged payments. The company is trying to replace the funding that Jason Lee did not come up with as promised. The share price decreased by 20.5% to 1.75p.
SkinBioTherapetics (LON: SBTX) is launching its AxisBiotix-Ps psoriasis in European markets, but sales are still slow to build up. There is positive news from partner Croda, which is putting further investment into commercialising SkinBiotix technology. M&A opportunities are still being assessed. The share price fell 8.63% to 15.875p.
Credit hire company Anexo (LON: ANX) reported flat 2022 pre-tax profit of £23.9m with housing disrepair work heling to improve revenues. There were additional costs for vehicle emissions litigation, which has some way to go before it is settled. A decline in pre-tax profit to £18.1m is forecast for 2023 as new credit hire business is reduced. That is to improve cash collection and reduce debt. The share price is 3.5% lower at 96.5p.