Antennas, irrigation and defence products supplier MTI Wireless Edge (LON: MWE) says the 2025 figures are going to be better than expected. Operating profit is likely to be 30% higher at up to $5.8m. Net cash was $9.4m at the end of 2025. The share price increased 17.5% to 60.5p.
OptiBiotix Health (LON: OPTI) says that it has no current intention to sell its 5.63% stake in Skin treatments developer SkinBioTherapeutics (LON: SBTX), which has been hit by accounting misrepresentation and the departure of the chief executive. OptiBiotix health has more than £1m in the bank. The share price recovered 9.4% to 6.4p. SkinBioTherapeutics shares also rebounded 18.3% to 7.1p.
Sovereign Metals (LON: SVML) has signed a non-binding memorandum of understanding with Traxys North America for marketing graphite from the Kasiya project. Traxys is one of three companies appointed to acquire critical minerals for the US government’s $12bn project vault. The target is to supply 40,000 tonnes/year of graphite for the first five years and 80,000 tonnes/year after that. The share price rose 6.85% to 39p.
Transense Technologies (LON: TRT) had already warned that its results would be disappointing. Interim revenues dipped 8% to £2.26m, because of a reduction in the iTrack royalty. Pre-tax profit fell from £550,000 to £64,000. Net cash is £920,000. Sensor technology products developer SAWsense revenues increased 73% to £660,000, but the growth is not as fast as hoped. A further six projects have been added, taking the total to 23, but whether or when they will become commercial products is uncertain. The share price regained 4.8% to 65.5p.
FALLERS
Online clothing retailer boohoo (LON: DEBS) admits it is planning a £35m fundraising to help to reduce borrowings. The fundraising is expected to be at 20p/share, and three directors say they will participate, as have some institutions. So far, more than £24m of support has been indicated. All brands have a positive underlying EBITDA and group costs have been cut by £45m/year and further cuts are planned. Capital investment is also reducing. EBITDA should be £50m in the year to February 2026. The Pretty Little Thing (PLT) brand is no longer for sale, although other non-core assets may be sold. The share price slipped 10% to 20.25p.
Cora Gold (CORA) has raised £2m via a retail offer at 6p/share. The issue was oversubscribed. Existing shareholders received 100% allocation, while others received 36% of what they wanted. Cora Gold also raised £13.7m through a subscription by Singapore-based Eagle Eye Asset Holdings at 6p/share. The share price declined 9.37% to 7.25p.
Tertiary Minerals (LON: TYM) reported a cash outflow from operating activities of £566,000 in the year to September 2025, while capital investment was £500,000. Cash was £71,000 at the end of September 2025 and since then £100,000 has been raised from a share issue and £450,000 from a convertible loan issue. The share price fell 11.1% to 0.08p.
Scotland-based housebuilder Springfield Properties (LSE: SPR) reported a 2% increase in interim revenues to £108m, while pre-tax profit improved from £3.8m to £4.3m. The private housing market was weak, but changes to Scottish government policies meant that the affordable housing market recovered. Springfield Properties secured a deal with Scottish and Southern Electricity Networks to provide 293 homes for workers on infrastructure projects in the North of Scotland. This is an important part of the strategy to focus on North Scotland. The benefits are not likely to be significant until the next financial year. Last year included the large land sale to Barratt, which boosted profit. That is why full year pre-tax profit is set to decline from £20.2m to £12.6m, which is better than the 2023-24 outcome of £10.6m. The share price has been on an upward trajectory, but profit-taking reduced it by 3.88% to 124p.