Mercantile Ports and Logistics (LON: MPL) is pursuing legal remedies to regain control of port operating subsidiary, Karanja Terminal & Logistics. One bank did not sanction an agreement for a one-time settlement of company debt with the consortium of banks. The court has told the Committee of Creditors holding the company debt to consider an offer to redeem 100% of outstanding debt. There has been no progress and there are potential buyers interested in the assets. An international oil and gas is a potential provider of funds to help redeem the debt. A meeting will be held to consider Mercantile’s proposal on Friday 10 April. The share price rebounded 146.2% to 0.8p.
Van Elle (LON: VANL) is recommending a 52.3p/share cash bid from STRABAG UK, which values the ground engineering company at £58.8m. The share price has not been that high for more than three years. The directors had talks with other suitors before receiving this bid approach. Vienna-based STRABAG provides construction services, and it was seeking to expand in the UK. The share price jumped 56.15 to 51.5p.
A trade of 23,050 shares at 35p each has pushed up the share price of recently floated Africa-focused investment company Tapir Holdings (LON: TAPH) by 14.3% to 40p.
Wind energy services provider European Green Transition (LON: EGT) has a strong pipeline of repowering contracts that has accelerated since UK government policy changes. The ongoing services business provides visibility for revenues with upside from repowering contracts. The share price gained 15.85 to 8.25p.
RentGuarantor (LON: RGG) growth is accelerating with first quarter revenues more than doubling to £880,000 and this has sparked an upgrade. New partners have been brought onboard. It is also offering a new product with mydeposits that combines insuring rent deposits with the rent guarantee service. Allenby has increased its 2026 pre-tax profit forecast by 26% to £300,000. This would be a maiden profit. The share price improved 12.8% to 26.5p.
FALLERS
MobilityOne (LON: MBO) says that media comments that it has secured a full-fledged Shariah-compliant Islamic digital banking licence from the Labuan Financial Services Authority are not accurate. There are still outstanding conditions that have to be met. The share price slumped 21.8% to 10.75p.
Sorted Group (LON: SORT) shares continue to fall following last week’s news that itis asking for shareholder approval for the sale of its operating business, which was bought two years ago, for £1. Ongoing monthly operating costs will be around £18,000 and the board will seek to find an acquisition. The company’s name will be changed to SGH. The share price slipped a further 17.9% to 11.5p.
Data analysis software and services provider Celebrus Technologies (LON: CLBS) says full year revenues are broadly in line with expectations at $23.3m, down from $38.7m because of a change in business model, and the loss will be around $200,000. Annualised recurring revenues grew from $13.6m to $15m. Two bank customers sold off parts of their businesses, so their payments were reduced. Some expected deals at contracted stage were lost or delayed and Celebrus Technologies is improving its skills in winning new clients. Cash was $32m at the end of March 2026. Another loss is anticipated for 2026-27. The share price declined 11.1% to 84p.
Oil and gas producer Zephyr Energy (LON: ZPHR) has been hit by a cybersecurity incident, which transferred £700,000 to a third-party account. There is enough cash for continuing activities, while the company attempts to reclaim the cash transferred. The share price dipped 7.35% to 3.15p.
Wishbone Gold (LON: WSBN) plans to acquire the Silver Lake project in Western Australia. Before that happens, historic data will be further analysed. If it goes ahead 3.57 million shares will be issued for the acquisition. The share price fell 7.04% to 33p.
Ex-dividends
BTG Consulting (LON: BTG) is paying an interim dividend of 1.5p/share and the share price fell 1p to 117.5p.
Bioventix (LON: BVXP) is paying an interim dividend of 70p/share and the share price declined 100p to £17.75.
Northamber (LON: NAR) is paying an interim dividend of 0.3p/share and the share price is unchanged at 27.5p.
Somero Enterprises Inc (LON: SOM) is paying a final dividend of 6.24 cents/share and the share price recovered 2.5p to 187.5p.