Adsure Services (LON: ADS) shares rose 17.1% to 20.5p ahead of its AGM on Wednesday.
Valereum (LON: VLRM) had net cash of £47,000 at the end of June 2024. A gain on financial assets meant that there was a swing from loss of £244,000 to a pre-tax profit of £323,000. There was still a cash outflow. The share price increased 10% to 8.25p.
Brewer Shepherd Neame (LON: SHEP) grew full year revenues by 4% to £172.3m and underlying pre-tax profit improved from £7.6m to £7.9m. NAV is 1217p/share, while net debt is £80m. Like-for-like retail sales were 4.9% ahead with the growth dominated by drinks offsetting a fall in accommodation income. Beer volumes declined 12% with own-brewed volume 17% lower. Brand refreshes are planned. Beer volumes continue to decline, while like-for-like retail sales for the initial 13 weeks of the new year are 3.8% higher. The share price edged 0.83% higher at 605p.
FALLERS
TruSpine Technologies (LON: TSP) lost £702,000 in the year to March 2024, down from £853,000 because of a reduction in R&D spending. Three directors are not putting themselves forward for re-election at the AGM. The share price fell 23.5% to 0.65p.
Wishbone Gold (LON: WSBN) reduced its interim cash outflow from operations from £770,000 to £468,000. Since June, £360,000 has been raised via a placing. The share price slid 23.5% to 0.325p.
Investment Evolution Credit (LON: IEC), which provides loans under the Mr Amazing Loans brand, is holding a general meeting to gain approval to raise up to £2.5m from share issues. Paul Mathieson is being replaced as chief executive by Marc Howells. Former director Sam Prasad is loaning £200,000 to the company, which replaces a previous £100,000 loan. The share price declined by one-fifth to 40p.
Prize draw operator Good Life Plus (LON: GDLF) has increased the number of paying subscribers by 90% to more than 4,000 in less than a year. Management says that it might exceed expectations for the current financial year. Good Life Plus is raising £2m at 2.5p/share. Earlier this year, £2m was raised at 2.25p/share. The cash will finance customer acquisition and signing up new partners. The share price slipped 15.5% to 2.45p.
Aquaculture technology developer OTAQ (LON: OTAQ) reported a 16% decline in interim revenues to £1.5m because of a delay to a £350,000 order. The company continues to lose money. A forecast full year loss of £1.3m is similar to 2023, including a £150,000 benefit from cost reductions, and it could be halved in 2025 as the full benefit of cost savings show through. The share price slipped 14.3% to 3p.
Talks with potential investors in Quantum Exponential Group (LON: QBIT) have been terminated. The documentation has not been signed and the potential investor did not pay the £200,000 towards costs that it promised. Trading in the shares will end on 30 October. The share price decreased 12.5% to 0.35p.
KR1 (LON: KR1) had net assets of 57.27p/share at the end of August 2024. The income in the month was £590,000. The share price is down 9.43% to 48p.
Voyager Life (LON: VOY), which has an option to acquire M3 Helium, has changed its name to Mendell Helium. The admission document is being prepared and the option should be exercised by the end of January. The company had £163,000 in the bank at the end of March. The share price is 7.69% lower at 3p.
Marula Mining (LON: MARU) reported a reduction in interim loss from £1.51m to £1.37m. NAV was £1.29m at the end of June 2024. The share price fell 3.23% to 7.5p.