Block Energy (LON: BLOE) increased average daily oil and gas production by 5% to 450 barrels of oil equivalent in 2022 and this April it has increased to more than 620 barrels. Revenues increased by 35% to $8.26m and the loss decreased in 2022. The share price rose 16% to 1.45p.
Ilika (LON: IKA) has made its first shipments of Stereax M300 batteries from its UK facility. They are used for IOT and healthcare products. The outsourced manufacturing contract is still being negotiated. The share price is 11.1% higher at 50p.
Andrada Mining (LON: ATM) has appointed Barclays Bank as strategic financial adviser to its lithium prospect in the Erongo region of Namibia. Management says that Barclays offers experience and access to financial markets. The share price rose 5.66% to 5.6p.
Keywords Studios (LON: KWS) is acquiring US-based Hardsuit Labs, which offers video games development services. Last year’s revenues were $11m and the maximum consideration is $15m, with $6.75m based on growth targets over two years. The share price increased 4.54% to 2279p.
Malaysia-based Mobility One (LON: MBO) has been asked for further information relating to its application for UK electronic money institution authorisation, and this led it to withdraw its application. It is assessing alternatives. The share price slumped 31.3% to 5.5p.
Oil and gas producer Serinus Energy (LON: SENX) generated revenues of $4.9m and a loss of $1.3m in the first quarter of 2023. European gas prices weakened during the period. Shore says Serinus Energy will find it difficult to meet 2023 forecasts. It may reduce its risked NAV of 70p a share. The share price fell 26.1% to 4.25p.
Cell engineering company MaxCyte Inc (LON: MXCT) has reduced its guidance for 2023 revenue growth from 21%-26% to 8%-12%. First quarter revenues fell 26% to $8.6m. Pharma companies are focusing on developing their internal assets. The share price declined 17.8% to 312.5p.
Scientific Instruments supplier SDI Group (LON: SDI) says that additional investment means that although revenues increased in the year to April 2023, pre-tax profit will be flat at £11.9m. The pre-tax profit forecast for the current year has been reduced by 17% to £9.8m, because of disappointing sales of higher margin products. The share price slipped 14% to 150.5p.
Ex-dividends
Avingtrans (LON: AVG) is paying an interim dividend of 1.7p a share and the share price is unchanged at 410p.
TJ & JH Braime (LON: BMTO) is paying a final dividend of 9p a share and the share price is unchanged at 1750p.
TJ & JH Braime (LON: BMT) is paying a final dividend of 9p for each A share and the share price is unchanged at 1350p.
Epwin (LON: EPWN) is paying a final dividend of 2.55p a share and the share price slipped 2p to 67.5p.
Greencoat Renewables (LON: GRP) is paying a dividend of 1.6 cents a share and the share price is 0.75 cents lower at 109.75 cents.
Gresham House (LON: GHE) is paying a final dividend of 16p a share and the share price fell 15p to 785p.
James Halstead (LON:JHD) is paying an interim dividend of 2.25p a share and the share price declined 0.5p to 210.5p.
Tandem Group (LON: TND) is paying a final dividend of 6.57p a share and the share price is unchanged at 240p.
The Property Finance Group (LON: TPFG) is paying a final dividend of 8.8p a share and the share price fell 2.5p to 315p.
Focusrite (LON: TUNE) is paying an interim dividend of 2.1p a share and the share price is unchanged at 570p.
