Power generator OPG Power Ventures (LON: OPG) is launching a tender offer of up to 182 million shares at 6.27p/share. This is part of the plan to leave AIM. The proposal will be put to shareholders at a general meeting on 3 December. The share price has rebounded 10.1% to 6p.
Cybersecurity services provider Corero Network Security (LON: CNS) had a better third quarter and the order intake was $7.4m. There was an expanded renewal with the largest customer. The total contract value is $6.8m and only $800,000 is included in the third quarter intake. Full year revenues are still expected to be $24m-$25.5m. The share price increased 7.43% to 9.4p.
Leak detection services provider Water Intelligence (LON: WATR) has increased nine months revenues by 9% to $69.3m and EBITDA is $13.9m. his covers more than 80% of the full year forecast. A further $900,000 has been spent on buying back shares and this will enhance earnings. The share price rose 4.92% to 277p.
Workplace optimisation software provider Checkit (LON: CKT) chief executive Kit Kyte has bought a further 117,646 shares at 17p each. The share price improved 5.88% to 18p.
Grocery distributor Kitwave (LON: KITW) says 12 month figures to October 2025 are in line with the previously downgraded forecasts. The year end is being changed to December. Two depots have been closed and there could be further rationalisation. Gross margins should start to recover following a period of reduced margins to retain customers. The share price recovered 4.61% to 215.5p.
FALLERS
Aerospace composite components manufacturer Velocity Composites (LON: VEL) has been hit by lower than expected Airbus A350 production. This is due to supply chain issues at Airbus. There have also been delays in programme transfers in the US. Dowgate has cut its full year revenues forecast from £23m to £20.7m. This means that the loss would be £900,000. The share price decreased 20.5% to 17.5p.
Union Jack Oil (LON: UJO) has a 53% interest in the Sark well in Oklahoma and a production test failed to identify commercial hydrocarbons. The share price slipped 11.8% to 3.35p.
Mongolia-focused Petro Matad (LON: MATD) says the Gazelle-1 well is producing and the daily production has more than doubled to 350 barrels of oil. Heron-2 could further increase production. The company is in talks with PetroChina to end the withholding of 30% of invoiced sales. Shore maintains the fair value of 6.1p/share. The share price fell 15.9% to 1.325p.