Helix Exploration (LON: HEX) identified an issue with the variable speed drive that delayed the start of helium production at the Rudyard project, and this has been resolved. There will be a broader update next week. The share price increased 8.16% to 26.5p.
Offshore energy services Tekmar Group (LON: TGP) has won a £4m plus contract for cable protection systems to a large European offshore windfarm. Revenues should be recognised in 2025-26 and 2026-27. The share price gained 4.88% to 10.75p.
CelLBxHealth (LON: CLBX) is reducing costs by discontinuing maintenance of the FDA establishment licence and device listing for liquid biopsy Parsortix. There is an option to reinstate the listing, but currently 97% of installations are for in-house research. The company can focus on this core market. The share price rose 4.76% to 1.1p.
Nexteq (LON: NXQ) has gained the first order for the Launchpad gaming software platform. This is with a new Asian customer and could be worth more than $1m each year. This will enable the client to launch land-based gaming in a new country. The share price is 3.89% higher at 77.5p.
Scientific instruments supplier SDI Group (LON: SDI) has secured the earnings enhancing acquisition of PRP Optoelectronics. The manufacturer of ruggedised LEDs for the aerospace, medical and industrial printing markets cost £9.3m, net of cash acquired of £2.8m, and could enhance 2026-27 earnings by nearly 8%. Forecast net debt will increase to £23.1m. This takes SDI into new markets, and the product range fits with some existing products. The share price improved 3.7% to 84p.
FALLERS
Skin treatments developer SkinBioTherapeutics (LON: SBTX) chief executive has resigned after having been suspended due to investigations into his conduct. Martin Hunt has become executive chairman. There is no further comment about what has happened. The share price slumped 29.5% to 13.75p.
Tern (LON: TERN) has launched a one-for-seven open offer at 0.4p/share. The closing date is 2 March. This will provide cash to operate the company and make follow-on investments while Tern realises its investments. Follow-on investments can be required to maintain a stake. Current cash is £24,000. Two executives will have their pay halved, saving £153,000 each year, while 12.5% of net proceeds from investment disposals will be paid to the board and executives. Shareholders are promised the distribution of 50% of net proceeds from individual disposals over £1m. The share price dipped by one-fifth to 0.4p.
Video streaming technology developer Aferian (LON: AFRN) has extended its $16.5m banking facilities to 20 March 2026. It could be further extended at a later date. The loan from major shareholder kestrel Partners is £1.59m and is repayable on 15 April 2026. The formal sale process continues, and this is leading to significant adviser costs. Some potential options for the trading businesses would not raise as much as the bank facility. The share price fell 5.56% to 0.425p.