Payments technology developer PCI-Pal (LON: PCIP) grew full year revenues by one-fifth to £18m in 2023-24, including £700,000 delayed from last year, and they could rise by one-quarter this year. Annualised recurring revenues are £15.5m. This year PCI-Pal should move into profit. The share price rose 8.08% to 53.5p.
Cancer immunotherapies developer Scancell Holdings (LON: SCLP) has appointed Dr Phil L’Huillier as chief executive. He has been chosen because he has a track record of developing and commercialising cancer therapeutics. He replaces Professor Lindy Durrant who goes back to concentrating on the role as chief scientific officer. The share price improved 7.41% to 14.5p.
Mongolia-focused oil and gas producer Petro Matad (LON: MATD) should be producing first oil from the Heron-1 in the next few days. Subsequent drilling should boost production and there are nearby opportunities. Zeus has a risked NAV of 10.6p/share. The share price increased 6.32% to 2.525p.
Building products distributor Brickability (LON: BRCK) says first half trading is in line with expectations of revenues of more than £330m, which is a 7% like-for-like decline. Higher sales of solar PV helped to offset lower revenues from bricks and other construction materials. There was also an initial contribution from the cladding and fire remediation acquisition. EBITDA is at least £27.5m, up from £25.6m. Net debt is £56m. The share price is 4.13% higher at 63p.
Musical instruments retailer Gear4Music (LON: G4M) continues to recover with growth in the second quarter nearly offsetting the decline in the first quarter and further improvement in October. In the six months to September 2024, UK sales grew 4%, but European sales declined. Total sales were 1% lower at £61.7m. Gross margin has fallen back, but the interim loss will be reduced. Full year revenues are expected to be higher and pre-tax profit could jump from £1.1m to £2.8m. The share price firmed 3.21% to 177p.
FALLERS
Staffing firm Empresaria (LON: EMR) says permanent recruitment remains weak with net fee income 4% lower in the third quarter and the fourth quarter is likely to be worse than forecast. The German market is particularly poor. Pre-tax profit expectations have been downgraded to £2m.Net debt was £13.6m at the end of September 2024 and there is still £6.5m of debt headroom. Cavendish has a sum of the parts valuation of 53p/share. The share price dipped 23.2% to 26.5p.
The Revel Collective (LON: TRC), formerly known as Revolution Bars, has restructured its operations and reduced its outlets. In the year to June 2024, revenues fell 2% to £149.5m, while the underlying loss was £5.6m. The restructuring is complete, and management can focus on operations. Christmas bookings are positive. The loss should be reduced this year. The share price fell by one-fifth to 0.7p.
Mirriad Advertising (LON: MIRI) has replaced PwC as auditor with Cooper Parry. PwC has nothing it believes that should be brought to shareholder attention. The share price slipped 21.6% to 0.29p.
Wellhead safety equipment supplier Plexus Holdings (LON: POS) increased full year revenues by 756% to £12.7m and that moved the business from loss to a pre-tax profit of £3.5m. The figures were boosted by major contacts and that will not be repeated this year. A loss of £3.3m is forecast. The share price declined 14.8% to 11.5p.