Audio visual services provider MediaZest (LON: MDZ) moved into profit in the six months to March 2025. Revenues improved from £1.17m to £1.91m, while a loss of £141,000 was turned into a profit of £56,000. Management is confident of a full year profit thanks to project wins. Repaying the invoice discounting facility should save £30,000/year. Acquisitions are being evaluated. The share price jumped 36% to 0.085p.
ActiveOps (LON: AOM) is buying fellow workforce optimisation software provider Enlighten Operational Excellence for £6m, plus two further payments of up to £6m and £4m respectively depending on customer renewals. ActiveOps has net cash of £21m. Annual sales of the Australian company were $15.3m. This deal will double US revenues, which has been a focus of growth, and should enhance 2026-27 earnings by 15% to nearly 3.5p/share. The share price is 9.8% higher at 140p.
Kodal Minerals (LON: KOD) has signed an offtake agreement for the Bougouni lithium project in Southern Mali. This is with Hainan Mining, which owns 51% of the project. It will buy 100% of the product from the DMS processing plant. There will be a floor price. The initial agreement lasts four years. The share price rose 7.84% to 0.275p.
Engineer Amcomri (LON: AMCO) has won a £12.9m contract to supply a developer of renewable energy facilities in 2025 and 2026. Cavendish has upgraded its forecasts for 2025 and 2026 by 4% for each year. This year’s pre-tax profit is expected to by £5.2m. The share price improved 6.9% to a new high of 108.5p, which is 16 times prospective 2026 earnings.
FALLERS
Chemotherapy drug delivery technology developer CRISM Therapeutics (LON: CRTX) is raising £800,000 at 12p/share and a retail offer could raise up to £100,000 more. This will finance the manufacture of a batch of ChemoSeed for evaluation of safety and efficacy in glioblastoma patients in a Phase 2 registration grade clinical trial, plus setting up of clinical trials. The share price slumped 40.5% to 12.5p.
Celadon Pharmaceuticals (LON: CEL) will not report its 2024 results today, so trading in the shares will be suspended on 1 July. Celadon is continuing with plans to leave AIM> The final £250,000 of the May 2024 placing of £2.1m is not going to be received. A further £1m of debt funding has been secured. A proposal has been received for a convertible loan note investment of up to £20m. The share price fell 21.7% to 9p.
Trinidad-focused oil and gas producer Touchstone Exploration Inc (LON: TXP) says that it has still not received £10.3m of the £15.4m raised in a recent placing, including £10m from Portillion Capital Asset Management. The extended deadline for the placing has passed so £5.05m has been raised. The other placing shares have been cancelled. Drilling activity will be deferred. Touchstone is required to raise at least $18m from share issues by the end of 2025 as part of its loan agreement. The share price slipped 21.3% to 15.75p.
MS International (LON: MSI) reported a record pre-tax profit of £20.1m in the year to April 2025, up from £15.7m the previous year. Cash has fallen by around one-third to £27.8m. Delays in contracts in the defence sector mean that the order book has fallen slightly. Defence accounts for 70% of revenues, but delays will hamper this year. Demand for forgings improved in the second half of last year, while the petrol station superstructures business will benefit from redevelopment programmes. The plan is to focus on defence and buyers were sought for the other businesses, but no realistic offer was made. The share price declined 14.3% to 1165p.