Pipehawk (LON: PIP) is selling Utsi Electronics to Hong Kong company Leidi Global Supply for £1m. A £25,000 deposit has been paid. This subsidiary lost £464,000 last year. Tripping that out, Pipehawk would have made a pre-tax profit of £154,000. This leaves utility infrastructure detection company Adien and rail-focused Thomson Engineering Design. The share price jumped 43.8% to 2.3p.
Virtual product placement services provider Mirriad Advertising (LON: MIRI) has received an R&D tax credit of £346,000. That takes cash to £1.275m. The cost base is £220,000/month. The share price gained 18.2% to 0,0065p.
Crypto Cousins LLC has taken a 3.43% stake in gas projects developer Reabold Resources (LON: RBD). The share price rose 10.5% to 0.0525p.
Executive chairman Colin Bird Bezant Resources (LON: BZT) bought 30 million shares at 0.0745p each. The share price increased 8.47% to 0.08p.
Chairman Clive Whiley has bought 42 million shares in retailer Mothercare (LON: MTC) at 1p each taking his stake to 8.87%, while finance director Andy Cook bought 5 million shares at 1p each. Robert Quested reduced his stake from 9.39% to 1.05%. This follows news that interim revenues fell by one-quarter to £90.7m. Like-for-like revenues were 6% lower. The pre-tax loss declined from £1.4m to £1.1m due to lower interest charges. The share price improved 8.22% to 2.37p.
FALLERS
Process management software provider Crimson Tide (LON: TIDE) says a major customer is exercising a break clause in its contract and that will take effect on 31 March 2026. This accounts for 12% of annualised revenues, although margins were lower. Resources will be reallocated to product development. Two contacts worth £14,700/month have been renewed for 12 months. The share price declined 17.1% to 72.5p.
Litigation Capital Management (LON: LIT) has to meet the costs of a failed claim in Queensland against Stanwell Corporation and CS Energy. Each company will receive A$16.2m. This partly covered by insurance, but the company still has to pay A$12.9m. An appeal has been filed and should be heard in March and there may also be an appeal against the costs award. The strategic review of operations is ongoing. The share price fell 14.6% to 7.33p.
Celsius Resources (LON: CLA) is talking with a financial adviser to assist with financing the Maalinao-Caigutan-Biyog copper gold project in the Philippines. This could include equity funding of the project. The final feasibility study has been delayed until two test results are confirmed. Publication should be in January. The share price slid 4.76% to 0.5p.
Quicklime producer and critical metals explorer Firering Strategic Minerals (LON: FRG) has raised £860,000 at 1.25p/share. The $1m Ricca debt has also been settled. The cash will fund further development of the Limeco project in Zambia. This investment will help to increase revenues. The share price dipped 3.7% to 1.3p.