Trading in digital media company Catenae Innovation (LON: CTEA) shares has recommenced after it published its 2020-21 accounts and interims to March 2022. They bounced back by 34.3% to 0.235p. There was a £993,000 cash outflow from operations last year and that was reduced to £283,000 in the latest interims. There was cash of £337,000 and no debt at the end of March 2022. A £250,000 interest-free loan facility has been secured from Sanderson Capital and £125,000 has been drawn down. Shares and warrants will be issued to Sanderson Capital at 0.235p each.
Mobile Streams (LON: MOS) has extended a contract with International Gaming Systems for six months from January 2023. The minimum revenues commitment is $900,000. The mobile content and data company also reported revenues growing from £395,000 to £1.02m, but the loss jumped from £1.03m to £2.76m due to a combination of higher overheads and one-off provisions. The share price jumped 19.6% to 0.1375p.
Nexus Infrastructure (LON: NEXS) is selling its utility connections and charging infrastructure businesses to FitzWalter Capital for £77.7m. That is more than the market capitalisation before the announcement. The share price rose by 14.8% to 175p. This is the highest it has been since June. TriConnex and eSmart Networks were the parts of the group with the best growth prospects and Nexus Infrastructure is left with civil engineering business Tamdown, where margins are recovering. In 2021-22, revenues were £98.4m and the operating profit was £2.3m.There will be £10m of disposal proceeds retained for working capital and the £65m left after costs will be distributed to shareholders.
Invinity Energy Systems (LON: IES) says that 2023 revenues will be better than expected because of the order inflow in recent months and delayed contracts. The 2023 forecast was raised from £20.6m to £23.7 in September. The battery storage technology developer will still make a significant loss even with higher revenues. The share price is 13.5% ahead at 43p.
Nicholas Slater has acquired more shares in Blue Star Capital (LON: BLU) taking his stake from 13.1% to 14%. The shares price rose 11.3% to 0.1475p.
Pantheon Resources (LON: PANR) is the worst performer on the day with a 48.3% loss to 42.52p. The Alaska-focused oil and gas explorer continues to have problem with the Alkaid #2 well due to sand. A specialist rig is available in January to clean out the sand. There was a $48.6m cash outflow in the year to June 2022. There is $54.7m left in the bank at the end of June 2022 thanks to $55m raised from a convertible bond. The fall in the share price will increase the dilution of the bond if it is converted.
Inspirit Energy Holdings (LON: INSP) will not publish results by the end of 2022 and the share price has slumped by 23.8% to 0.024p ahead of suspension on 3 January.
Harland & Wolff (LON: HARL) has lost some of the gains following its fleet solid support contract announcement in November, falling 21.2% to 15.875p. Progress has been slower than expected on an MoD contract and commercial clients are delaying spending. A contract for four wind turbine generator jackets has been terminated following cost escalations. Guidance on revenues for the year to March 2022 has been more than halved to £29m-£31m. The fleet solid support contract is still being negotiated. A finance facility of up to £200m could be secured by the first quarter of 2023.
Goldstone Resources (LON: GRL) says it has not achieved its 2022 production target of 7,000 ounces of gold from the Homase mine. It has generated revenues of $9.3m from the sale of 5,153 ounces. Costs have been volatile and recovery rates can be improved. There will be drill results from exploration at the Akrokeri mine in early 2023. The share price declined by 12.3% to 3.025p.
