Armadale Capital (LON: ACP) has rebounded following yesterday’s drop on the announcement of the proposed cancellation of the AIM quotation. The board believes that being a public company does not benefit the company because of the costs and lack of ability to raise money. Armadale Capital needs to reduce the cash burn and sell non-core assets. The resources company can be more flexible as a private company. The share price doubled to 0.08p.
Strategic Minerals (LON: SML) generated revenues of $1.27m from the Cobre tailings project in September. This is treble the level last September. Full year revenues should be more than $4.5m. The remaining loan facilities have been repaid. The share price improved 13.6% to 0.25p.
Audioboom (LON: BOOM) grew third quarter revenues by one-third to $18.8mand full year EBITDA of more than $1m is now expected. September generated record revenues. The share price rose 7.14% to 225p.
Tatton Asset Management (LON: TAM) had stronger than expected net inflows averaging £305m/month in the past six months. Assets under management or influence are £19.9bn. The share price increased 7.08% to 711p.
Semiconductor designer EnSilica (LON: ENSI) has won a design and supply contract for a controller ASIC for automotive and industrial markets. The value should be more than $31m over seven years. The share price is 6.38% higher at 50p.
FALLERS
Technology investment company Tern (LON: TERN) is raising £625,000 at 1.25p/share. This cash will be investe4d in investee companies and cover working capital outflows. The share price slumped 42.3% to 1.275p.
Deltic Energy (LON: DELT) chief executive Graham Swindells has left the board and chief operating officer Andrew Nunn will replace him. The share price fell 23.8% to 4p.
PHSC (LON: PHSC) chair and chief executive Stephen King is stepping down in January. He has a 19.1% stake. A new chief executive is being sought. The share price dropped 6.45% to 29p.
Floorcoverings supplier Victoria (LON: VCP) says the market continues to be soft and EBITDA is likely to decline to £50m in the first half. Second half trading should be stronger. The share price declined 4.86% to 121.6p.