AI services provider GenIP (LON: GNIP) has won a $350,000 contract with a contract in Saudi Arabia. This covers 400 GenAI-enhanced analytical assessments and consulting. Analytical revenues will be recognised when the reports are delivered. The share price is 9.62% to 28.5p.
Central Asia Metals (LON: CAML) continues to be strongly cash generative business paying an unchanged total dividend of 18p/share, which accounts for 63% of free cash flow. The policy is 30%-50% of free cash flow, but Central Asia Metals can afford to pay the enhanced amount and still increase cash from $57.2m to $67.6m. Central Asia Metals is seeking a new project that is near to generating cash and a decision on the dividend level will be made when any new project is secured. In 2024, revenues increased from $203.5m to $214.4m. Copper production at Kounrad was 13,459 tonnes, while Sasa production was 26,617 tonnes of lead concentrate and 18,572 tonnes of zinc concentrate. Kounrad production should be similar this year and Sasa production could be slightly higher. The share price increased 6.02% to 169.2p and it is 8% higher so far this year.
Oil and gas producer Prospex Energy (LON: PXEN) is acquiring full control of Tarba Energia for €653,000 and a 5% gross royalty on the Tesorillo. Prospex Energy is exercising its pre-emption rights after a third-party offer. Prospex Energy will own 100% of the El Romeral producing asset, where five new wells could be drilled subject to permit, and the Tesorillo and Ruedalabola exploration permits. The price equates to $0.092/barrels of oil equivalent. Drilling at the Viura project should start in May. The share price improved 5.69% to 6.5p.
SkinBioTherapeutics (LON: SBTX) says Macquarie is exercising 250,000 warrants at 20.43p/share. The share price rose 4.26% to 24.5p.
FALLERS
Oracle Power (LON: ORCP) joint venture Oracle Energy has been granted an extension to the letter of intent by the government of Sindh for the development of a 1.3GW renewable energy plant in Jhimpir. The extension is to 13 May 2026. This subject to the submission of an extended bank guarantee of $600,000. The share price fell 8.57% to 0.016p.
Rome Resources (LON: RMR) says the claim against the Mozambique government has been settled. This relates the expropriation of a heavy mineral sand mining concession. The government will grant five new licences. The claim was sold but Rome Resources will receive a 30% carried interest. This is a non-cash settlement so there will be no initial distribution to legacy shareholders. That will depend on generating cash from the new licences. The share price declined 2.5% to 0.195p.
At its AGM, Pressure Technologies (LON: PRES) says trading is in line with expectations and it is changing its name to Chesterfield Special Cylinders. There is profit taking after yesterday’s announcement of a contract to supply BP Aberdeen City Hub with high-pressure hydrogen storage. The share price slipped – it is still higher than at the beginning of the week. The share price is 2.86% lower at 34p.
Ex-dividends
Craneware (LON: CRW) is paying an interim dividend of 13.5p/share and the share price declined 45p to 1825p.
GlobalData (LON: DATA) is paying a final dividend of 1p/share and the share price slipped 2p to 153.5p.
Hargreaves Services (LON: HSP) is paying a dividend of 18.5p/share and the share price is down 24p to 651p.
Nichols (LON: NICL) is paying a final dividend of 17.1p/share and the share price improved 5p to 1320p.
NWF (LON: NWF) is paying an interim dividend of 1p/share and the share price decreased 2p to 169.5p.
FW Thorpe (LON: TFW) is paying an interim dividend of 1.76p/share and the share price rose 1p to 291p.