EnergyPathways (LON: EPP) rose a further 31.1% to 2.95p following yesterday’s announcement it has secured a £5.1m loan facility for the Marram Energy Storage Hub (MESH) clean energy storage project and today’s launch of a new interactive corporate website. EnergyPathways believes that the project should reach final investment decision by the end of 2025.
Graphene technology developer Versarien (VRS) has an opportunity pipeline of £4.7m. Earlier in the week it signed an agreement with Balfour Beatty to develop 3D-printable mortars for civil construction. It will formulate three types of mortar. This follows the disposal of AAC Cryoma for £550,000 payable in 15 instalments. The share price is 11% higher at 0.0605p.
MicroSalt (LON: SALT) has expanded its international patent portfolio. The latest low sodium salt patents are in China, Mexico and Australia. The share price increased 5.88% to 36p.
Good Energy (LON: GOOD) has acquired Lincolnshire-based solar installer Amelio Solar for an initial £5.5m. This broadens the geographic spread of the energy services division. The focus of the business is the education and public sector. In 2023, revenues were £7m and pre-tax profit is £1.4m. However, there have been lower levels of activity in Good Energy’s existing installation business. Canaccord Genuity has left its 2024 pre-tax profit forecast of £6.7m and it has only edged up its 2025 forecast from £10.7m to £10.8m because the weakness offsets the additional contribution. The share price improved 5.77% to 275p.
FALLERS
RBG Holdings (LON: RBGP) executive director Tania MacLeod stepped down from the board yesterday afternoon, although she is staying as a director of subsidiaries and as senior partner of law firm Rosenblatt. Delays in projects have hit the prospects of the legal services company and Singer has withdrawn forecasts. The share price slumped a further 29.2% to 2.125p and is down nearly two-thirds on the week.
Woodbois (LON: WBI) has raised a further £1m via a subscription at 0.28p/share. The share price slipped 22.2% to 0.315p. The timber company will use the cash to fund exports and provide working capital. The cash is provided by Axis Capital Markets clients.
David Crichton-Watt has increased his stake in Steppe Cement (LON: STCM) from 16.97% to 17.3%. The share price dipped 5.36% to 13.25p.
Abingdon Health (LON: ABDX) is reporting results for the year to June 2024 on Tuesday 8 October. The share price declined 2.7% to 9p.