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 rebounded 44.2% to 1.55p.
Cyber security software and services provider Shearwater Group (LON: SWG) says the business won at the end of the period meant that trading was ahead of expectations in the year to June 2026. Revenues have been upgraded 18% to £42m and earnings have been raised from 4.5p/share to 4.9p/share. Net cash was £5.6mat the end of June 2026, which is around 50% of the market capitalisation. The board is considering share buybacks and /or dividends. At this point, Cavendish is not changing its 2026-27 forecast. The share price jumped 36.3% to 62p.
Cloud-based secure payments technology developer PCI-Pal (LON: PCIP) did better than expected in 2025-26 and grew revenues 14% to £24.6m, which means the expected loss has been reduced to £800,000. Annualised recurring revenues were 29% higher at £24.4m, providing a strong base for 2026-27 forecast earnings of £27m, which will be reassessed when the full year figures are published. Net cash is £4m. The momentum continues, especially in the US. A new strategic partnership has been signed with reseller NiCE Systems Inc. Chief executive James Barham bought 26,466 shares at 56.5p each. The share price gained 28.7% to 56p.
Xcalibur Multiphysics Group has bought a 25.5% stake in subsurface resources data supplier Getech Group (LON: GTC). Xcalibur is a global specialist in airborne and mapping geophysics. Octopus sold its 16.4% stake, and First Equity sold its 6.42% shareholding. The share price recovered 23.4% to 2.9p.
FALLERS
Supercapacitors developer Cap-XX (LON: CPX) has raised £2.2m via a placing and subscription at 0.15p/share and the money will be spent on updating manufacturing lines. A retail offer, which is set to close on 3 August, could raise more. The share price dived 44.2% to 0.145p.
Shield Therapeutics (LON: STX) says US volumes of ACCRUFeR iron replacement treatment increased, but lower selling prices in the US meant that interim revenues from that market were lower. Group revenues were 41% ahead at $30.4m because of a $7.9m milestone payment from China. Operating profitability is being maintained, but it is not enough to cover interest charges. Cash was $8.3m at the end of June 2026, but there is debt to offset against this. The share price declined 35.8% to 3.95p.
Automotive testing and simulation products supplier AB Dynamics (LON: ABDP) says trading has become more challenging due to reduced customer confidence and logistics problems relating to the Middle East. Timelines for decisions are getting longer and hitting short tern orders. This means that full year revenues will be in the range £90m-£95m compared with consensus of £116.7m, although that figure includes the testing services business in China that AB Dynamics is exiting – revenues of £4m are estimated. Cost reductions should keep the adjusted operating margin at around 20%. The share price fell 30.2% to 740p.
Gunsynd (LON: GUN) has relinquished its interests in the Bear Twit and Hornby Bay projects. The company is talking with Pinwheel Resources to terminate the agreements. Gunsynd has spent £110,000 on the projects and was committed to spending £100,000 [er year for two years. The costs of progressing the projects does not make them worthwhile for Gunsynd, which wants to focus its cash on the barb gold project in Manitoba. The share price dipped 22.7% to 0.085p.