Compliance and resource management software provider AdvancedAdvT Ltd (LON: ADVT) is winning new business and generating renewals on improved terms. Demand for cloud and digital services is growing. Singer expects EBITDA of £9.6m, having previously forecast £8.4m. The 2026 EBITDA forecast has been raised from £8.8m to £10.1m. AdvancedAdvT is still at an early stage of its buy and build strategy. Net cash is estimated to be £88m. The share price increased 10.3% to 160p, which values the company at £213m.
Greatland Gold (LON: GGP) released maiden drilling results for the West Dome Underground target at the Telfer prospect. This deposit is 800 metres below the West Dome open pit. There were 16 out of 19 holes that intercepted significant mineralisation. The weighted average intercept is calculated as 23 metres at 2.95g/t gold and 1.07% copper. This could extend the mine life. There will be a second phase of drilling. The share price improved 8.54% to 8.9p. Last autumn’s fundraising was at 4.8p.
Petards Group (LON: PEG) subsidiary QRO Solutions received an order worth more than £400,000 for in-vehicle ANPR systems from a UK police force. This will be delivered in 2025. The share price rose 6.67% to 8p.
Jarvis Securities (LON: JIM) has declared a first quarter dividend of 1.5p/share, down from 1.75p/share in the first quarter of 2024, but above the 1p/share paid for the fourth quarter of 2024. The shares go ex-dividend on 27 February. Subsidiary Jarvis Investment Management should complete most of the remediation work required by the authorities by the end of the third quarter of 2025. The share price recovered 6.02% to 44p.
FALLERS
Film and media localisation services provider Zoo Digital (LON: ZOO) expects full year revenues to be at least $50.5m and a return to positive EBITDA of at least $1m. These are below expectations, though. Trading recovered following the writers’ strike in Hollywood, but there have been delays and cancellations. Zoo Digital is a preferred fulfilment vendor for Amazon Prime Video and there is an increase in potential work, predominantly for existing content. Original content production remains subdued and may not recover until nearer the end of the year. This year dubbing revenues will be lower than last year. Fixed costs have been cut by one-fifth over the past year and margins are improving. The share price dived 35.5% to 17.75p, which is the lowest it has been for more than seven years.
Karelian Diamond Resources (LON: KDR) raised £323,000 at 0.75p/share. This will fund metals exploration in Northern Ireland and diamond exploration in Finland, where there are plans to advance the proposed development of the Lahtojoki deposit. The share price slumped 39.6% to 0.725p.
TheraCryf (LON: TCF) shares continue to fall following yesterday’s announcement that it is raising £4.25m at 0.25p/share. The price is 8.33% lower at 0.275p. The Tuesday closing share price was 1p. The cash will finance the pre-clinical development of Orexin-1, which came with the acquisition of Chronos Therapeutics. Orexin-1 is a potential drug for a range of neuropsychiatric disorders, including addiction and anxiety. The preclinical data generated will help to attract potential partners. Former Avacta boss Dr Alastair Smith has been appointed as TheraCryf chair. He will take his fee for at least 12 months in the form of shares.
Tertiary Minerals (LON: TYM) says potential earn-in partner KoBold Metals has drilled a hole past 2,600 metres at the Konkola West copper project in Zambia. It is expected to reach 3,000 metres. This is deeper than originally planned. Drilling of the second hole in the earn-in agreement is expected shortly. The time for drilling the holes has been extended to 18 months. The share price dipped 4.76% to 0.05p.
Ex-dividends
Alumasc (LON: ALU) is paying an interim dividend of 3.5p/share and the share price rose 2.5p to 350p.
FRP Advisory (LON: FRP) is paying a dividend of 0.95p/share and the share price dipped 0.25p to 142.25p.
Gateley (LON: GTLY) is paying an interim dividend of 3.3p/share and the share price slipped 0.5p to 137p.
Hercules Site Services (LON: HERC) is paying a final dividend of 1.12p/share and the share price declined 1p to 54p.
Samuel Heath & Sons (LON: HSM) is paying an interim dividend of 4.5p/share and the share price slumped 20p to 300p.
Impax Asset Management (LON: IPX) is paying a final dividend of 22.9p/share and the share price fell 19.5p to 189p.
Van Elle (LON: VANL) is paying an interim dividend of 0.4p/share and the share price is unchanged at 38p.