Sancus Lending (LON: LEND) is trading in line with expectations. In the eight months to August 2024, revenues were £10m and £67m of new loans were written in the period. Loans under management are £218m. Sancus Lending is seeking approval from bond holders for the extension of maturity date from the end of 2025 to October 2027. It also wants to increase the maximum principal from £15m to £30m. Total borrowings are currently £27m. The share price improved 11.1% to 0.5p.
Construction recruitment services provider Hercules Site Services (LON: HERC) is trading ahead of expectations, helped by increased water sector investment, and full year revenues are expected to exceed £105m. Cavendish has upgraded its pre-tax profit forecast to £1.1m. Changes to deferred tax charges mean that earnings have been reduced from 1.1p/share to 0.9p/share. The share price recovered 8.05% to 47p.
Geospatial software provider 1Spatial (LON: SPA) has secured a $1.4m deal with the United States Forest Service, which manages 193 million acres of national forest. The 1Spatial software will be used to help forest fire management and the preservation of natural habitats. The interims will be published on 14 October. The share price rose 5.45% to 58p.
ECR Minerals (LON: ECR) is talking to three Australian companies about the sale of its A$75m of tax losses. The company is awaiting rock chip results from the Lolworth gold and critical minerals project in Queensland. The share price increased 3.7% to 0.28p.
FALLERS
Data analytics software provider Rosslyn Data Technologies (LON: RDT) is raising £1.64m at 5p/share and up to £250,000 from a retail offer that closes on 10 October. A convertible loan note will raise a further £1.2m and existing convertibles will be converted at 5p/share. This will fund growth and the development of technology. Rosslyn Data Technologies is trading ahead of previous expectations. The share price slumped 48.4% to 5.75p.
Cleantech Lithium (LON: CTL) raised £2.5m at 11p/share to finance the Laguna Verde lithium project in Chile. This is due to delays in joining the ASX and this is being addressed. A further 1.4 million broker warrants are exercisable at the placing price. The share price dipped 21.1% to 11.25p.
Trading in Neometals (LON: NMT) shares has been halted on the ASX. This is due to a bookbuilding for a share issue. The cash is required to finance the development of the Primobius lithium-ion battery recycling project and the lithium and vanadium recovery technology. There will also be cash for the Barrambie gold and titanium business units. The share price declined 16.7% to 5p.
Cosmetics company Revolution Beauty (LON: REVB) reports worse than expected revenues for the first half, although the core brand is 16% ahead. The one-fifth drop in revenues to £72m was down to much lower non-core product sales. Margins have improved. There is a non-cash stock provision of £11.3m. A much better second half is required to meet the Panmure Liberum full year pre-tax profit forecast of £4.6m. The share price is 13.5% lower at 15.48p.