AIM movers: Springfield Properties plans share buyback and eEnergy working capital weakness

KRM22 (LON: KRM) executive director Keith Todd has bought 350,000 shares in the technology and software company at 28p each. The share price gained 7.41% to 29p.

Springfield Properties (LON: SPR) will ask for shareholder approval for a share buyback at its AGM on 10 September. The housebuilder wants to buyback up to 5.96 million shares with potential to increase this to 11.9 million shares. That could use around £6.5m of the company’s cash. There was net cash of £1m at the end of May 2026 and another £12m has come in from a land sale since then. This has been used to settle deferred consideration of £20.7m for a past acquisition. The share price increased 3.74% to 111p.

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Technology investment company Tekcapital (LON: TEK) investee company Innovative Eyewear has added a Newscast widget to its smart eyewear. This can create AI news reports. Other AI services have also been added. Another investee company Guident has a 36 month agreement with Coastal Waste & Recycling for the deployment of WatchBot autonomous inspection robots and Guident’s AI software platform. The Tekcapital share price firmed 2.86% to 3.6p.

BTG Consulting (LON: BTG) says the Red Flag number of UK businesses in critical financial distress has risen 9% to 53,756 over the past year. It fell quarter on quarter. Significant distress is 1% higher over the year and 6% higher over the quarter to 674,030 companies. Insolvencies remain one-third higher than average in the previous decade. The BTG share price is 1.61% higher at 110.75p.

Real Estate Investors (LON: RLE) continues to reduce debt. There are £15.7m of assets under offer with £10.7m exchanged or completed at 92% of 2025 book value. The existing pipeline of sale should repay debt. Timing of sales is uncertain and Panmure Liberum has halved its 2026 disposal expectations to £20m. There have been new lettings generating £400,000 of additional annual rents. This will help to cover the quarterly dividend of 0.375p/share while shareholders await other cash returns from disposals. The share price rose 1.63% to 31.2p.

FALLERS

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Energy as a service provider eEnergy (LON: EAAS) has been hit by delays to payments of £3.2m relating to completed work on the Mace project. Paperwork is still being completed. The company has agreed to an extension to the repayment of the £500,000 owed to Harwood Holdco to February 2027. An additional £500,000 loan is being provided by former director Nigel Burton. The share price slid 12% to 2.2p.

The Brave Bison (LON: BBSN) share price continues to decline since its bid for Systems1 (LON: SYS1). The bid is 135p in cash and 2.04 Brave Bison shares for each Systems1 share. That was equivalent to 327p/share, at the end of trading on the previous day when the Brave Bison share price was 91.5p. The share price is down 1.81% to 81.5p today. That means that the bid is valued at 307p. The System1 share price is unchanged at 330p.

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