AIM movers: Clean Power Hydrogen revenues delayed and Skillcast rises ahead of results

Compliance and e-learning services provider Skillcast (LON: SKL) is reporting 2023 results on Thursday 25 April. An increased loss of £910,000 is forecast. The share price is one-fifth higher at 39p.  

Diagnostics firm Novacyt (LON: NCYT) says the pre-trial review in its legal proceedings against the UK government. The full hearing has been listed to commence on 10 June and finish on 4 July. The share price rose 6.21% to 68.4p.

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Alaska-focused oil explorer 88 Energy (LON: 88E) says flow testing shows light oil flow from two reservoirs at the Hickory-1 well in Phoenix project Alaska. A farm-out partner could fund the next stage of development at Hickory-1. The share price improved 6.98% to 0.23p.

Data processing technology supplier Ethernity Networks (LON: ENET) increased 2023 revenues by 31% to $3.8m and the loss was reduced. The company expects to secure contracts for Carrier Ethernet and PON technology worth at least £2.2m in 2024. The share price is 5.71% higher at 0.925p.

Gold recovery company Goldplat (LON: GDP) has received diesel generators to provide back-up power when the local grid is unstable. This will reduce downtime. Pre-tax profit of £3.7m is forecast for this year. The share price is 4.55% ahead at 8.05p.


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Hydrogen technology developer Clean Power Hydrogen (LON: CPH2) reported a higher loss in 2023. Net cash was £8.5m, which is slightly better than forecast, and that should last into 2025. That is based on limited capital investment. Factory testing of the 0.5MW MFE110 electrolyser in the next three months. Revenues are expected to begin in 2025, which is around six months later than previously estimated. There are discussions with new licensees. The share price fell 4.84% to 14.75p.

It was announced yesterday that executive chairman Carol Thompson is leaving communications technology services provider Maintel (LON: MAI). John Booth will not stand for re-election at the AGM. The 2023 results have been delayed from 23 April to 1 May. Revenues will be £101m and EBITDA £9.1m. The share price is 3.92% lower at 245p.

Oil and gas producer SDX Energy Inc (LON: SDX) has a sale and purchase agreement for the disposal of West Gharab interests in Egypt for $6.6m. The share price dipped 4.17% to 3.45p.

Existing shareholders in Fonix Mobile (LON: FNX) have sold 6.7% of the mobile payments company at 225p/share, raising £15m. Originally around 4.4% was going to be sold. Fonix Mobile acquired 907,000 of the shares. The share price declined 3.13% to 232.5p.

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