Impax Asset Management (LON: IPX) has been helped by strong markets and third quarter assets under management were 4.45 higher than the previous quarter at £23.3bn. cavendish has raised its forecast assets under management for this year by 12% to £23.3bn. The expected net outflow is similar. Pre-tax profit has been raised 7% to £22.2m, while next year’s forecast jumps 285 to £24.1m. The share price rebounded 15.7% to 109.9p.
Pharmacogenetic testing company Genedrive (LON: GDR) points out that the UK government is highlighting personalised medicine and particularly “identifying newborn babies at risk of antibiotic-induced hearing loss”. The company’s MT-RNR1 ID Kit, developed in collaboration with Manchester University NHS Foundation Trust. The share price increased 10.2% to 1.35p.
Engineer Avingtrans (LON: AVG) has raised £21m at 630p, which was the previous day’s closing price. This cash will finance increased nuclear in Michigan. The plan is to add around £55m to annual revenues taking them to £90m by 2031. EBITDA could increase by £9.6m-£45m. There is a £5m contingency in the fundraising, so this could also be used for other parts of the business. The share price improved 4.76% to 660p.
The UK government’s National Protective Security Authority has tested the Thruvision (LON: THRU) 8108 WalkTHRU screening system and decided it has the capability for “screening non-divested individuals for mass casualty threats”. The share price rose 3.7% to 0.7p.
FALLERS
Sancus Lending (LON: LEND) has appointed Andrew Charnley. He previously ran the UK subsidiary. The former chief executive Rory Mepham is taking up a role at majority shareholder Somerston Group. The political and economic backdrop have hit activity levels profitability. Efficiency improvements could return the company to profit in the second half. The share price declined 8.33% to 1.1p.
Forgent (LON: FORG) has sent a circular to shareholders to change investing strategy to “the acquisition, exploration and development of critical and precious metals projects, primarily in Australia”. The general meeting is on 6 August. The share price fell 6.25% to 0.015p.
Clean Power Hydrogen (LON: CPH2) shareholder Joe Scott Mouldings has been diluted from 7.86% to 5.78% following the recent fundraising, while the stake of Aurelius Ltd has fallen from 4.17% to 3.69%. The share price dipped 1.82% to 1.35p.
Chariot Ltd (LON: CHAR) has sent out a notice of AGM, which will be held on 22 September, and votes include one proposing a 25-for-one share consolidation. Chariot is selling its renewable assets and seeking further oil and gas revenues. A transaction involving offshore assets in Angola should complete soon. The share price slipped 0.49% to 1.5275p.