Wellnex Life Ltd (LON:WNX) is selling its main brand Pain Away to Japan-based Rohto Pharmaceutical for up to A$21.3m. The initial cash payment of A$19.8m is payable on completion and will be used to repay debt and invest in the remaining healthcare and contract manufacturing activities. The remaining payment is dependent on performance in the 12 months after the purchase. Shareholder approval for the deal will be sought on 8 September. In 2024-25, Pain Away had revenues of A$13.4m and EBITDA of $4.36m. The rest of the business lost money. Wellnex Life raised £5.22m at 31.75p/share when it joined AIM on 21 March 2025. The share price recovered 69.2% to 5.5p.
Anglesey Mining (LON: AYM) set out the attractions of the Parys Mountain project in Anglesey. There is a defined resource with substantial upside. The recapitalisation of the company puts it in a stronger position to develop the project. The share price gained 48.1% to 6p.
Mothercare (LON: MTC) shares rebounded by two-fifths to 0.98p following the previous week’s news that £1.54m of debt facilities have been drawn down taking the total to £10m.
Sunrise Resources (LON: SRES) has announced further encouraging assay results from the Reese Ridge zinc lead silver project in Nevada. The geological mapping and sampling programme is complete. There were very high-grade results from the Ridge Top prospect. The share price increased 39.3% to 0.0195p.
FALLERS
Video games developer Devolver Digital (LON: DEVO) plans to cancel its AIM quotation and there will be a tender offer of up to $5m at 16p/share. Shareholders are being asked to approve the proposals at a general meeting on 8 September. A further tender offer of up to $5m is planned for 12 months after cancellation. There will be annual cost savings of $1.6m, and the board does not believe that the share price reflects the recent progress, partly due to poor liquidity. Devolver Digital joined AIM on 4 November 2021 at 157p/share when the video games market was peaking and profit is well below those levels. The share price slumped 56.3% to 7p.
Automotive interior components supplier CT Automotive (LON: CTA) says revenues grew 15% to $62.1m in the first half. However, higher operating costs mean that profit will be much lower than in the first half of 2025. Some of the cost increase can be recovered but that has been delayed until the second half. Production inefficiencies in Mexico had to be rectified. Revenues and profit should be stronger in the second half, and the company is optimistic about achieving full year forecasts. Pehlwan Malik Holdings has recently taken a 3% stake and that pushed up the share price. Pehlwan Malik Holdings’ main subsidiary is Green Destinations, which provides passenger transport services. The share price fell back 29.8% to 37.2p, following a rise of 68.3% in July.
TruFin (LON: TRU) went ex-dividend last Thursday. The financial business investor is paying a special dividend of 43.03p/share and the share price fell 40p to 100p.
ePharmacy company Vulcan Two (LON: VUL) says integration of its three acquisitions is progressing well. Vulcan Two is shedding lower margin customers and focusing on profitability. Forecast 2026 revenues reduced by 4% to £38.9m and additional staff hires and duplicated running costs have cut the pre-tax profit forecast from £1.9m to £1.1m. The share price dipped 20.6% to 202.5p.