Ergomed (LON: ERGO) is recommending a £700m takeover by Permira Advisers. The cash bid is 1350p/ share and the share price jumped 27.3% to 1339p. This is still below the high at the end of 2021. The pharmaceutical services provider says that the next phase of growth will require additional cash for expansion and acquisitions.
Physiomics (LON: PYC) has appointed Peter Sargent as chief operating officer. He will help to formulate strategy and the execution of plans, including increasing the customer base. The share price is 14.3% ahead at 1.8p.
SDX Energy (LON: SDX) has commenced drilling the Ksiri-21 well in Sebou Central of the Gharb Basin, Morocco. It will be drilled to a depth of 1,950 metres. If a discovery is made, then the well can be immediately brought into production. The share price rose 8.86% to 4.3p.
Hydrogen fuel cells designer Proton Power Systems (LON: PPS) presented its new manufacturing facility near Munich to 80 approximately customers and industry representatives at the end of August. The additional capacity means that Proton Motor Systems can satisfy increased demand. The share price is 6.67% higher at 8p.
FALLERS
Capital equipment supplier 600 Group (LON: SIXH) has reconvened its AGM for 29 September. However, the audit for the accounts for the year to March 2023 will not be completed by the end of September. Trading in the shares will be suspended on 2 October. Trading conditions continue to be difficult and there will be a further interim loss. That will lead to impairment adjustments in the 2022-23 accounts. Debt facilities expire at the end of November 2023. The share price slumped 40.4% to 3.35p, which is a new low.
Advanced Medical Solutions (LON: AMS) has downgraded 2023 expectations. Revenues are expected to be £124m-£127m and underlying pre-tax profit of £25m-£27m. The wound care company says royalty revenues from Organogenesis are uncertain because of US government changes to reimbursement for diabetic foot ulcers. This could knock £2m off second half profit. AMS has also been hit by destocking of LiquiBand in the US as it tries to make new partnership agreements. The share price dived 24.9% to 187.7p.
The first trade in Hermes Pacific Investments (LON: HPAC) shares since 8 August has hit the share price by 18.2% to 90p. There were 707 shares sold at 90p each.
Tan Delta Systems (LON: TAND), which joined AIM at the end of August, initially went to a premium, but it has fallen below the placing price of 26p. It has fallen 1.9% to 25.5p. Tan Delta Systems has developed technology for real-time oil condition analysis.