Mercantile Ports & Logistics (LON: MPL) says written submissions to the National Company Law Tribunal are due by 8 October. This is for the hearing relating to Karanja Terminal & Logistics. Judgement is expected soon after this. Creditors rejected the company’s proposals and approved different ownership of Karanja. However, Mercantile argues that the offer was accepted before its own proposals were annulled and it was not given the chance to pay off debt. The share price rebounded 21.9% to 1.95p.
Surveillance and security equipment and services provider Synectics (LON: SNX) says that full year EBITDA is at the top of the £3.7m to £4.1m range. There is uncertainty around energy market opportunities in the Middle East, and they appear likely to move into the next financial year. The share price gained 11.65 to 192.5p.
Adrian Stiff has taken a 3.27% stake in Gunsynd (LON: GUN). The share price improved 105 to 0.11p.
Executive search firm Norman Broadbent (LON: NBB) had a record quarter in the third quarter of 2026. Net fee income was £3.5m. That has broadly made up for the relative decline in the first half and full year net fee income should exceed the 2025. A loss of £200,000 is still expected before a return to profit in 2027. The share price rose 5.05% to 229p.
FALLERS
Trading in the shares of eEnergy (LON: EAAS) returned from suspension after it raised £1.96m from its retail offer at 0.3p/share, which was nearly the maximum available. The heavily discounted fundraising generated £8.3m in total. The cash is for working capital as it awaits receipt of delayed payments. The share price slumped 75.9% to 0.35p.
Data analysis software provider Celebrus Technologies (LON: CLBS) reported a disappointing performance in the first half. A loss of $1.3m on revenues of $9.2m is expected. The loss of a contract, where there were implementation problems, meant that annualised recurring revenues were slightly lower at $14.7m, but the figure should be higher at the end of March 2027. Cavendish has reduced its full year forecast revenues from $23.5m to $20m and the loss has been increased from $1.4m to $3.5m. Net cash should be $23.9m at the end of the year and then fall to $21.9m at the end of 2027-28 after another albeit smaller loss. The share price dived 38.2% to 59p. Cash still covers around two-thirds of the market capitalisation.
Minerals explorer Fox Xplore (LON: FOX) is acquiring a portfolio of five gold exploration properties in Canada for £296,000. Further payments will be due if one of three milestones is met. They are completing an exploration programme on two properties or identification of one drill target or commencement of a drilling programme. A share issue will raise £509,000 at 0.018p/share and settle £116,000 owed to creditors. There should be enough cash to fund the exploration programme. The share price fell 15.65 to 0.019p.
Digital health company Medpal AI (LON: MPAL) has annualised revenues of more than £38m at the current rate. Monthly repeat and recurring business were worth more than £1m in September. The share price declined 14.1% to 5.9p.