AIM Movers: DeepMatter Merck deal and Parsley Box slumps on potential AIM departure

Digital chemistry data provider DeepMatter Group (LON: DMTR) has signed a multi-year database licence agreement with Merck. This is the third multi-year deal this year. There could be other opportunities to provide data and services to Merck. DeepMatter expects 2022 revenues to be more than 50% ahead at £1.5m or more. There was £700,000 in cash at the end of September. At the beginning of the year £2.8m was raised at 0.1p a share. The current share price has recovered by 80% to 0.135p.

Content and IP services provider RWS Holdings (LON: RWS) says results for the year to September 2022 will be in line with expectations. Revenues grew by 8%, although this includes an additional month from SDL. There were reduced volumes from some large technology clients, while RWS has stopped working with one client which became a competitor. Growth is also held back by a move to SaaS contracts. Favourable foreign exchange movements offset this weakness and margins are improving. Net cash was £71m at the end of September 2022. The share price rose 12% to 310.6p.

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IT and managed service provider SysGroup (LON: SYS) increased interim revenues from £7.58m to £11.3m. The increasing scale will help to improve margins and there are cross-selling opportunities for recent acquisitions. Net debt is higher than expected at £1.92m. The interims will be reported on 21 November. Full year pre-tax profit is expected to improve from £2m to £2.4m. The shares are 9.76% higher at 22.5p.

Vianet (LON: VNET) says both divisions are increasing revenues. The smart machines division has increased vending connections by 24% to 52,490. Even though the pub sector is having a tough time, the smart zones division is growing revenues as the clients try to improve efficiency. Overall interim revenues are 13% ahead at £7.18m. However, there are cost pressures and Cenkos has reduced its 2022-23 forecast operating profit by £450,000 to £3.05m, with a bigger reduction of £950,000 to £4.04m next year. Even so, the share price rose 9.71% to 56.5p.

Electronic components and batteries supplier Solid State (LON: SOLI) had a strong first half with a two-month contribution from US acquisition Custom Power helping to improve revenues from £39m to £59m. Constant currency organic growth was 30%. Interim pre-tax profit is £5m. WH Ireland has upgraded its full year pre-tax profit by 5% to £9.4m. Component pricing is stabilising, but supply delays continue. The share price is 10.9% ahead at 1175p.

Late yesterday, delivered meals supplier Parsley Box (LON: MEAL) said that it was considering leaving AIM so that it is easier to raise money. The share price has collapsed. It had already fallen from 9.5p to 4p in the last few minutes of trading on Tuesday and today it has slumped a further 50.6% to 1.975p. Trading is in line with expectations.

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TP Group (LON: TPG) auditor BDO has resigned, having been appointed in December 2020. That was under the former management team. The share price fell 9.52% to 0.95p.

Condor Gold (LON: CNR) has published a bankable feasibility study on the La India open pit prospect in Nicaragua. There is a probable mineral reserve of 602,000 ounces of gold and an estimated mine life of more than eight years. NPV, based on a 5% discount rate and $2,000/ounce gold price, is $205m. The initial capital requirement is $105.5m and life of mine all-in sustaining costs are $1,039/ounce. The share price fell 7.77% to 23.75p.

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