Professional services provider Christie Group (LON: CTG) beat previously upgraded profit forecasts for 2025. Pre-tax profit jumped from £2.6m to £6m, helped by the sale of loss making operations, and the dividend was raised 56% to 3.5p/share. Additional hires will increase costs this year, so profit is forecast to fall to £4.6m. The share price is one-quarter higher at 150p, which is 11 times prospective 2026 earnings.
Some positive news from AOTI (LON: AOTI) with additional data on its TWO2 treatment showing effectiveness in treatment of hard to heal wounds and a low level of recurrence. Hospitalisations and amputations were low. AOTI is still awaiting the CMS coverage determination for the wider Medicaid population in the US. That will give greater access to the treatment. The share price recovered 18.8% to 50.5p.
Oscillate (SRVL), which is changing its name to Serval Resources, has moved from Aquis to AIM. A placing and offer raised £2.96m at 22.5p/share to finance exploration of licence areas in the Kaoko Basin in Namibia and the Kalahari copper belt in Botswana. The share price is 17.8% of the issue price at 26.5p.
Membrane-free electrolyser technology developer Clean Power Hydrogen (LON: CPH2) has signed a memorandum of understanding with ABE Gruppe concerning a potential supply and installation of up to 175MW of capacity over ten years. ABE is a subsidiary of BKW a large Swiss infrastructure and energy services group, and it also has operations in Germany and other European countries. This would be a significant deal for Clean Power Hydrogen, and it would generate service revenues. The share price increased 10% to 11p.
FALLERS
South Africa-focused heavy mineral sands company Kazera Global (LON: KZG) is reducing its cost base and improving efficiency of operations, including director fee deferrals until the end of August, so that there is a pathway towards sustainable cash generation. Additional short-term funding is required. Talks continue with a potential partner for heavy mineral sands operations at Whale head Minerals. Obtaining the 2A mining right will increase the scale of the project. The Deep Blue Minerals operation has put inland diamond mining on hold due to diesel shortage, although recovery of beach and marine gravels production derived from heavy metal sands production is continuing. Discussions continue with Hebei Xinjian about the African tantalum project and the recovery of outstanding debt. The share price slumped 22.2% to 1.05p.
Celsius Resources (LON: CLA) says it was not informed of Makilala Mining Company selling and assigning its loan under the Omnibus Loan and Security Agreement to Equinaire Holdings. Celsius Resources is assessing its position. The share price dipped 15.4% to 0.55p.
Content management systems provider Ingenta (LON: ING) improved revenues by 1% to £10.3m, with 89% recurring. Gross margin improved, but that was more than offset by increased sales and marketing spending. Pre-tax profit fell from £1.7m to £1.6m. Net cash was £4.7m at the end of 2025. Revenues are likely to be flat this year as declines in legacy products are offset by new business. Cavendish has put its target price under review. The share price slid 6.98% to 100p.
digital content technology and direct carrier billing services provider Bango (LON: BGO) is focusing on higher margin and subscription business. Subscriptions revenues were 22% ahead at $22.2m and annualised recurring revenues 30% higher at $18.2m. Net revenues retention was 117% last year, which indicates the growth in spending by existing customers. The payments revenues were lower, but higher margin business rose. Overall group revenues for 2025 fell 2% to $52.2m. Adjusted EBITDA was 7% higher at $16.4m, which was more than the capitalised development spending of $13.6m. There were exceptional charges of $6.4m, which relate to the restructuring of the business and cost savings. Net debt was $9.2m at the end of 2025. R&D spending should reduce this year, and new business continues to be won. The share price fell 8.39% to 71p.