Late yesterday, recruitment software provider Dillistone Group (LON: DSG) announced a £1.5m fundraising at 10p/share. Management believes that the company has to become larger to take advantage of the AIM quotation. P&R Investment Management has taken a strategic stake of 26.8% via its fund. They are appointing Matthias Riechert and Aakash Vanchi Nath to represent them on the board. The share price rebounded 35.3% to 11.5p.
Automotive interior components supplier CT Automotive (LON: CTA) expects to report adjusted pre-tax profit of at least $10m for 2025. This was after product launch-related costs of $400,000. Net debt was $7.7m at the end of 2025. Contracts have been won that will build revenues over the next few years. This year’s revenues will not get much of that benefit until later in the year and modest growth is expected. The share price gained 21.7% to 28p.
Video games developer tinyBuild (LON: TBLD) beat expectations for revenues profit and cash in 2025. Revenues of $32.5m are expected, while the loss should be cut from $20.9m to $1.1m. The loss should fall further this year. The share price rose 10% to 8.25p.
Cornish Metals (LON: TIN) has received a non-binding Letter of Interest from the Export-Import Bank of the United States for the financing of the development of the South Crofty tin mine in Cornwall. SP Angel has published research on Cornish Metals that value the company at 306p/share. The share price improved 6.2% to 137p.
FALLERS
Tungsten West (LON: TUN) has taken advantage of positive news about the Hemerdon tungsten and tin mine earlier this week to raise up to £43m at 18p/share, including a retail offer of up to £3m. The cash will finance the feasibility study and pay back the bridge facility. It will help to accelerate the move towards production in the third quarter. The NPV7.5% for Hemerdon has increased from $190m to $1.7bn. Debt financing discussions are continuing with multiple lenders. The share price declined 9.7% to 27p.
MediaZest (LON: MDZ) has raised £215,000 at 0.06p/share and this will help to finance working capital to finance new client wins. Dr Graham Cooley has taken a 8.11% stake via the placing. The share price slipped 8.57% to 0.08p.
Financial market data software provider Arcontech (LON: ARC) reported a 5% dip in revenues to £1.4m because of a loss of a contract and a decline in operating profit from £400,000 to £300,000. Reduced working capital helped net cash increase to £7.8m. Cavendish expects revenues to fall 13% and pre-tax profit to decline 30% to £700,000. The share price fell 8.86% to 27.25p.
Vianet (LON: VNET) has won a new contract from a US restaurant chain, but this was overshadowed by tough trading in the second half. Cavendish forecasts a flat full year pre-tax profit of £1.3m. The new contract is a multi-year one for the Beverage Metrics inventory platform and it will be rolled out by June. The share price dipped 9.03% to 65.5p.
Ex-dividends
Victorian Plumbing Group (LON: VIC) is paying a final dividend of 1.45p/share and the share price edged down 0.2p to 83p.