Defence company Cohort (LON: CHRT) increased full year revenues by one-third to £270m, while earnings are 27% higher at 54.44p/share. The dividend is 10% higher at 16.3p/share. Net cash of £5.3m was better than expected. The order book was worth £616.4m at the end of April 2025, which means that 79% of this year’s forecast revenues are covered. There are opportunities from the UK Strategic Defence Review. This year’s earnings will be ahead of expectations. The share price increased 14.2% to 1759p.
Alien Metals (LON: UFO) says joint venture partner West Coast Silver has announced the completion of a 12 hole drilling programme at the Elizabeth Hill silver project in Western Australia. Alien Metals has a 30% free-caried interest. The first drill hole had a significant silver zone and there are also signs of gold. The share price rose 20.6% to 0.1025p.
Capital Metals (LON: CMET) has received the first drill results from the Taprobane minerals project in Sri Lanka. There were exceptional heavy mineral grades with very low slimes content. Grades of over 60% have been confirmed. There will be further new of existing drilling. Capital Metals believes it is near to finalising a $2m investment related to the Ambeon option at 2.75p/share. The share price recovered 14.6% to 3.15p.
Hospital accounting software developer Craneware (LON: CRW) issued a trading statement with 2024-25 revenues 9% higher at $205.7m. Annual recurring revenues rose 7% to $184m. Net revenues retention is 107%. EBITDA increased 12% to more than $65m. Sales are not subject to tariffs. The share price improved 12.2% to 2525p.
FALLERS
Cybersecurity service provider Corero Network Security (LON: CNS) has increased annual recurring revenues by one-quarter to $21.6m because of demand for managed services, but recognised revenues are lower in the first quarter. Canaccord Genuity has cut its 2025 forecast revenues from £28.7m to £24.1m and that would mean the company returning to loss. Software and equipment sales are lower, and visibility of orders is poor. The share price slumped 37.3% to 9.25p.
Beauty products manufacturer Creightons (LON: CRL) increased full year revenues by 2% to £54.1m. The growth came in private label with lower contributions from branded products and contract manufacturing. Underlying pre-tax profit improved from £1.2m to £3.5m due to cost savings. Net cash was £3m at the end of March 2025. The final dividend is raised from 0.45p/share to 0.5p/share. The share price declined 9.3% to 39p.
Transport analytics services provider Cordel (LON: CRDL) says full year revenues were in line with downgraded expectations of £4.8m. Net cash was better than expected at £1.5m. A move into profit is still forecast for this year. The share price slipped 6.9% to 6.75p.
Petro Matad (LON: MATD) raised £156,000 from the retail offer at 0.8p/share. There was up to £500,000 on offer. The share price fell 4.37% to 0.765p.