Shareholders in Synergia Energy (LON: SYN) agreed to the sale of its 50% stake in the Cambay PSC for $14m but did not agree to leave AIM. This sale requires India government approval. Synergia Energy will still return cash to shareholders via a share buyback. The focus will be the UK Medway Hub Camelot CCS project and finding a new partner. Additional oil and gas opportunities will be sought in India. The share price rebounded 57.1% to 0.011p.
Mark Dixon has increased his stake in SkinBioTherapeutics (LON: SBTX) from 13.1% to 15.1%. The share price improved 7.02% to 15.25p.
Healthy snacks supplier Tooru (LON: TOO) has been adding new retailers of its brands. Sales of gluten-free brand OAF are building. Manufacturing of brands is being streamlined, and snack bar company Pulsin is currently using a contract manufacturer. However, there has been short-term disruption to sales. A refinancing has increased the bank facility to £3.9m, which lasts until 2030. Tooru says agency business Market Rocket is non-core, and it may be sold. The share price rose 6% to 0.265p.
Metals One (LON: MET1) investee company Lions Bay Resources is making an offer for South African gold miner Vantage Goldfields, which could provide feed for the gold roaster project. The offer is C$46.5m. Metals One share increased 4.41% to 2.04575p.
FALLERS
Litigation Capital Management (LON: LIT) shares continue to decline following last week’s news that it has to meet the costs of a failed claim in Queensland against Stanwell Corporation and CS Energy. Each company is entitled to A$16.2m. This partly covered by insurance, but the company still has to pay A$12.9m. An appeal has been filed. The strategic review continues. The share price slipped a further 12.4% to 6.42p.
There has been profit taking in Pipehawk (LON: PIP) shares following the share price jump on Wednesday on news that it is selling Utsi Electronics to Hong Kong company Leidi Global Supply for £1m. The share price declined 4.35% to 2.2p, but it is still 37.5% higher since the announcement.
Duke Capital (LON: DUKE) shares have gone ex-dividend for the latest quarterly dividend of 0.7p/share. The share price fell 1.8% to 27.25p.
Netcall (LON: NET) has also gone ex-dividend for the 0.94p/share final. The share price dipped 0.45% to 110.5p.