Physiomics (LON: PYC) announced two contract awards yesterday and the share price continues to rise with a further 54.7% gain to 2.05p. The mathematical modelling company has won a £125,000 with a UK biotech company for an immune-oncology project to be completed by the end of the year. A previous contract with Merck has been extended.
Robert Napier Keith has increased his stake in Gfinity (LON: GFIN) from 12% to 20.7% following the recent fundraising at 0.06p/share. The share price recovered 13.2% to 0.1075p.
Frasers Group (LON: FRAS) continues to build up its stake in online fashion retailer boohoo (LON: BOO) from 9.1 to 10.4%. The boohoo share price rose 9.47% to 39.025p. Frasers has also edged up its interest in ASOS (LON: ASC) from 19.3% to 19.8%, although 9.2% is held through financial instruments.
EnSilica (LON: ENSI) has secured a $2.4m contract with an existing European customer for the development of an advanced networking ASIC. Most of this revenue will be recognised in the year to May 2024, which underpins forecasts. The share price improved 4.55% to 69p.
FALLERS
Linear Generator technology developer Libertine Holdings (LON: LIB) says fees expected from Hyliion may not be recognised this year. This means that the loss would be higher than the £2.6m forecast. The first phase of development is complete and Hyliion has a six-month option period to negotiate IP rights. Work on the MAHLE powertrain was completed later than scheduled. There is £1.2m in the bank, which should last until May. The share price slumped 47.4% to 2.5p.
Verditek (LON: VDTK) is raising £500,000 at 0.45p/share to provide working capital for the cleantech company. The share price dived 36.7% to a new low of 0.475p.
Sustainable wood products supplier Accsys Technologies (LON: AXS) made a strong start to the financial year, but it warns that demand from the construction market is declining. Sales volumes for the year to March 2024 will be worse than expected and profit will be much lower than anticipated. Operating costs are being reduced. The share price fell 24.2% to 73.5p.
Healthcare services provider Totally (LON: TLY) says that the cost of agency staff exceeds forecasts and the decisions for some new contract awards are on hold. Totally is streamlining operations to reduce the overhead base. The share price dipped 14.4% to 9.1p.