Oil and gas company Sunda Energy (LON: SNDA) chief executive Dr Andy Butler has agreed to acquire from Alumni Capital the outstanding convertible loan notes with a face value of £400,000. He says he does not currently intend to convert the loan notes. The share price jumped 30.25 to 1.4p.
Cybersecurity software provider Acuity RM (LON: ACRM) says that its operating subsidiary has been trading profitability since last October. Sales and marketing is being revitalised and there are plans to grow the sales pipeline in the UK and Europe. The new Risk OS software is expected to launch in the fourth quarter of 2026. The share price increased 11.15 to 0.75p.
Transport software and technology supplier Tracsis (LON: TRCS) is acquiring UK rail software provider Mistral Data from FirstGroup for an enterprise value of £48m. In 2025-26, revenues were £13m and EBITDA was £4m. Annualised recurring revenues are 85% of group revenues. Using the cash pile to finance this will help the enhancement of earnings. The UK rail technology market is set to grow at 5%/year. The share price gained 6.77% to 355p.
Early sales of renewable assets and other one-off benefits boosted pre-tax profit at Hargreaves Services (LON: HSP) from £17.4m to £40.3m. The dividend was raised to 40p/share. Renewable energy project disposals and other land sales, plus one-off gains were behind most of the rise, but the core services business also did well. Services revenues were 35% higher at £329.9m, while the profit contribution rose 27% to £20.2m. Spending on infrastructure projects is increasing and the company’s earthmoving and other services are benefiting. More than 70% of expected services revenues in 2026-27 are already covered by orders. The lack of one-offs means that group pre-tax profit is set to decline to £17.8m. The share price improved 4.08% to 816p.
Diagnostic tests developer Abingdon Health (LON: ABDX) grew full year revenues 31% to £11.3m. Revenues were 63% higher than in the first half and there was a move to positive EBITDA in the second half. Further growth is expected this year. Cash improved to £2.9m. The share price rose 4.06% to 10.25p.
FALLERS
Premier African Minerals (LON: PREM) has raised £550,000 at 0.01375p each. This will provide working capital for the Zulu lithium and tantalum project while talks continue with Canmax over another extension of the long stop date for the prepayment and offtake arrangements. This will help with attempts to attract strategic investors. The plant will only start operating when the Canmax discussions are concluded. The operational efficiency and reliability of the plant is still being improved. The share price slid 16.2% to 0.01425p.
Battery technology developer Ilika (LON: IKA) reported full year revenues of £1.1m, including £100,000 from the supply of Stereax electrodes to Cirtec Medical. Stereax revenues should start to build up this year. The development of the Goliath battery continues to progress. The cash outflow from operating activities increased from £4.7m to £6.4m. Net cash was £5.3m at the end of April 2026 and the level should be similar next April following the recent fundraising. The share price dipped 6.67% to 26.6p.
Floorcoverings distributor Likewise (LON: LIKE) is taking advantage of the strong share price to raise up to £29.2m at 28.5p/share – including a retail offer of up to £2m. This cash will finance the £9.8m cost of the proposed acquisition of a 60,000 sq ft warehouse freehold in Corby, as well as enabling further acquisitions of distribution facilities. The additional distribution facility will increase capacity to £300m each year. There are also an additional £9m of bank facilities being negotiated. Net debt was previously expected to rise to £10.7m by the end of 2026. The placing was announced after the market closed on Tuesday and the share price slipped 6.72% to 31.25p.
Jadestone Energy (LON: JSE) generated revenues of $234m from production of 15,300 barrels of oil equivalent per day in the first half. Production declined by one-quarter, but higher oil prices enabled a 3% improvement in revenues. The Stag shut-in following a cyclone hit production and Jadestone Energy will deploy a replacement buoy, and production could restart in the second quarter of 2027. Business interruption insurance lasts until May 2027 and a $12m payment is expected in the third quarter. Net debt fell to $26m. The share price fell 6.35% to 29.5p.