Dekel Agri-Vision (LON: DKL) says that the quantity and quality of raw cashew nuts acquired for its new facility are in line with expectations and the pricing is better than anticipated. Average production rates have increased to 10 tonnes/day. This follows better palm oil production in March. The share price jumped 14.9% to 2.7p.
Telematics services supplier Trakm8 Holdings (LON: TRAK) has won a contract to provide insurance data services and devices to Freedom Contract for an initial term of three years. The contract could generate revenues of £6m over that term. Freedom Contract was an existing customer, and this expands the relationship. The share price is 9.59% higher at 20p.
GB Group (LON: GBG) says that full year figures will be in line with guidance despite tougher trading conditions. Operating profit is expected to edge up to £59.8m. The share price recovered 8.52% to 305.6p.
Arc Minerals (LON: ARCM) has signed a joint venture with Anglo American covering its copper interests in Zambia. Anglo American can earn up to 70% of the new joint venture through the funding of further exploration. The total investment is $88.5m, which includes $14.5m in payments directly to Arc Minerals. The share price improved 7.32% to 4.4p.
IG Design (LON: IGR) is the biggest faller on the day when news of a non-cash write-down of UK giftwrap and stationery goodwill overshadowed better than expected 2022-23 underlying profit. UK trading conditions have deteriorated and there are concerns about pricing. The full year figures will be reported on 20 June and a pre-tax profit of $9m is estimated prior to the write-down. Margins should continue to improve this year. The share price has recovered slightly since the start of trading, but it is still down 12.8% to 160p on the day.
Recent AIM admission Ocean Harvest Technology (LON: OHT) has lost some of its gains over the past fortnight. The share price is 6.12% lower at 23p. A placing raised £6m, or £4.5m after expenses, at 16p. The company produces ingredients for animal feed using seaweed under the OceanFeed brand name.
Tekmar Group (LON: TGP) has completed its strategic review following the completion of a fundraising. The major investor in this fundraising was SCF Partners and two of its partners, Steve Lockard and Colin Welsh, have joined the board. The share price slipped 4.88% to 9.75p. Prior to the strategic review, the share price was 52.4p.
Intelligent Ultrasound (LON: IUG) lost some of it gains from earlier in the week following full year results in line with expectations. The shares dipped 3.24% to 10.45p, but that is well above the 7.25p the share price closed at on Friday. Intelligent Ultrasound could move into profit in 2024.
Ex-dividends
Airea (LON: AIEA) is paying a final dividend of 0.5p a share and the share price is unchanged at 39p.
Arbuthnot Banking Group (LON: ARBB) is paying a final dividend of 25p a share and the share price declined 32.5p to 922.5p.
Fevertree Drinks (LON: FEVR) is paying a final dividend of 10.68p a share and the share price is down 6p to 1275p.
i3 Energy (LON: I3E) is paying a dividend of 0.17p and the share price fell 0.55p to 19.95p.
Portmeirion Group (LON: PMP) is paying a final dividend of 12p a share and the share price is 7p lower at 488p.
Tracsis (LON: TRCS) is paying an interim dividend of 1p a share and the share price rose 5p to 925p.
Uniphar (LON: UPR) is paying a final dividend of 1.1 cents a share and the share price is unchanged at 256p.
M Winkworth (LON: WINK) is paying a dividend of 2.9p a share and the share price is unchanged at 172.5p.
