Singer has upgraded its forecast for Tribal Group (LON: TRB) following the interim figures. In the six months to June 2025, revenues were 2% higher at £45.3m and pre-tax profit jumped from £600,000 to £5.6m. The core education software business is building up its cloud revenues and selling more subscription-based packages of products. Growth has been in the UK. Trading conditions are still tough for the Education services business Etio with a shortage of cash available for spending by universities and colleges in the US as well as the UK. Revenues declined but profit improved thanks to cost savings. Since June, more contacts have been won and annualised recurring revenues have reached £64m, although that includes £2.2m of revenues from older software where income is declining. Singer raised its 2025 pre-tax profit forecast to £10.8m. The share price rebounded 21.3% to 57.25p.
Explorer and project incubator Power Metal Resources (LON: POW) has sold its remaining 14.75% stake in tungsten project developer Guardian Metal Resources (LON: GMET) to Duquesne Family Office for £13.6m at 55p/share. There was a £6.6m gain on book value. Power Metal Resources says it invested £1.9m in Guardian Metal Resources and it has generated £22.8m from selling shares. The Power Metal Resources share price increased 10.7% to 15.5p. The Guardian Metal Resources share price rose 4.31% to 60.5p.
Dowgate has increased its stake in Light Science Technologies (LON: LST) from 10.7% to 11.9%. The share price is 5.77% higher at 2.75p.
Seascape Energy Asia (LON: SEA) is on an investor roadshow and has published a new corporate presentation. The Southeast Asia-focused oil and gas company says work is continuing on an independent competent persons report, which will incorporate resources from the company’s assets and should be published in the next few weeks. The share price edged up 4.35% to 0.012p.
FALLERS
Helium One Global (LON: HE1) has received conversion notices for £1m of loan notes and the conversion price is 0.5007p/share. The share price fell 7.38% to 0.565p.
Firering Strategic Minerals (LON: FRG) has received notice that Ricca Resources is withdrawing from the earn-in for the Atex and Alliance lithium tantalum projects. These are on care and maintenance. Firering Strategic Minerals will not have to pay any money back to Ricca, but it expects Ricca to repay funds it advanced for the projects. Firering Strategic Minerals received a 10.6% stake in Ricca as part of the original deal. The share price declined 6.49% to 1.8p.
Diagnostics company Cambridge Nutritional Sciences (LON: CNSL) reported a dip in full year revenues from £9.8m to £8.3m due to previous overstocking, and the loss was reduced from £484,000 to £79,000. Net cash is £4.75m. This year revenues are expected to be steady as it starts to rebuild business, which will increase the cost base. The share price slipped 5.71% to 3.3p.
Conygar Investment Company (LON: CIC) has exchanged contracts to sell a Nottingham property occupied by Virgin Active for £6.75m, which is a £750,000 loss. The share price decreased 3.23% to 30p.