Payments technology developer PCI-Pal (LON: PCIP) published a positive full year trading statement and the chief executive bought 110,941 shares at 45p each. A strategy review is targeting annual recurring revenues growth of up to one-fifth. Last year, they grew by one-quarter to £19.3m. An AI-based fraud risk product has been launched. The share price is 9.09% higher at 48p.
Botswana Diamonds (LON: BOD) has been awarded new acreage following an AI-based search for prospective targets. There are four new licences for diamond targets. The share price increased 7.81% to 0.345p.
Shares in Ariana Resources (LON: AAU) have risen 5.71% to 1.85p on the back of the lodgement of the prospectus for the flotation on the ASX. An offer chess depositary interests – equivalent to ten shares each – could raise up to A$15m at A$0.28 each. The offer opens on 6 August and closes on 14 August. Trading should commence on 15 September. This will provide finance for the Dokwe gold project in Zimbabwe.
Fluid power products distributor Flowtech Fluidpower (LON: FLO) says first half trading was in line with expectations with improvement in gross margins. There was a 12% decline in organic sales, offset by acquisitions. Interim revenues were 2% higher at £56.9m. June was a good month, and the momentum has continued into the second half. Panmure Liberum has maintained its 2025 pre-tax profit forecast at £3.3m. The share price improved 5.87% to 59.5p.
Floorcoverings manufacturer Airea (LON: AEIA) says interim sales were 6% higher at £9.81m, helped by growth in the UK. The third quarter has started strongly, and the momentum is expected to continue. The new manufacturing facility should be completed by the end of September. The interims will be announced on 30 September. The share price rose 4.35% to 24p.
FALLERS
Versarien (LON: VRS) did not find a suitable buyer for its UK graphene technology business and expects to put the graphene businesses into administration or liquidation. The Total Carbide business is still up for sale. The other remaining subsidiary is Gnanomat and the focus will be nanomaterials and energy storage technologies. Cash should last until the end of August. A strategic investment is still being negotiated. The share price slumped 34.6% to 0.018p.
Greatland Resources (LON: GGP) has reduced its production expectations for the year to June 2026. In the latest quarter gold production was lower than forecast. Gold production guidance for this year has dropped from 300,000-340,000 ounces to 260,000-310,000 ounces. That is due to lower grades in stockpiles. The cost guidance range has been widened to A$2,400-A$2,800. Net cash was A$575m at the end of June 2025. Capex at Telfer will be A$230m-A$260m and other capital investment will be up to A$130m. The share price dipped 19.7% to 265p. The recent fundraising was at 316p.
Metals One (LON: MET1) has exercised its right to increase its shareholding in New Mexico Uranium Venture from 10% to 30%. The payment is the issue of 3.87 million shares at 16.487p each. The share price fell 16.8% to 5.575p.
IG Design (LON: IGR) reported full year results in line with expectations. Revenues were 9% lower. Canaccord Genuity has reinstated forecasts following the sale of the North American operations. Pre-tax profit could recover from $1.9m to $7.6m. The share price declined 15.9% to 63.5p.