AIM movers: Falanx rebounds and ex-dividends

There was a 21.7% rebound in the Falanx (LON: FLX) share price to 0.7p following its trading statement. The share price had reached a low of 0.525p on Tuesday. The cyber security services provider grew 2021-22 revenues by 14% to £3.5m and improved its gross margin. The loss was reduced. There was cash of £2.7m at the end of June 2022. These figures will be announced in September. Investment is being made in the core business and there is a high level of potential business, particularly for cyber security monitoring.

Ukraine-focused property investor Arricano Real Estate (LON: ARO) has returned from suspension following the publication of its 2021 accounts. Net assets were $163.8m at the end of 2021. The share price rose 11.1% to 25 cents, which values Arricano Real Estate at $23.2m.

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Galileo Resources (LON: GLR) has commenced drilling at the 75%-owned Luansobe copper project in Zambia. The share price increased by 8.1% to 1p.

Smart communications technology provider CyanCommode (LON: CYAN) has won an advanced metering infrastructure project order in the Middle East and North Africa region. The deal is worth $2.5m and will take 18 months to complete. The share price improved 6.1% to 15.25p.

Financial services provider STM Group (LON: STM) said at its AGM that first half trading was slower than anticipated. The pipeline of potential business remains encouraging, but it is taking longer to secure the business. Management believes that STM can still achieve 2022 expectations. A trading statement will be released when the acquisition of Premier Pensions is completed later this month. The share price is 6.25% lower at 22.5p. Malcolm Berryman stepped down from the board ahead of the AGM vote. Chairman Duncan Crocker is also leaving the board later.

The Immupharma (LON: IMM) share price has fallen following the £1.1m fundraising at 5p a share on Wednesday afternoon. The drug developer has entered into a sharing agreement with Lanstead Capital for £1m of the fundraising, which means Immupharma may receive more or less than £1m depending on the price each month for 24 months. The benchmark price is 6.667p, so if the market price is lower less money will be raised. The share price had already fallen 0.52p to 5.7p and it has fallen a further 8.42% to 5.22p. There is a broker option that could raise a further £1.3m.

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Harvest Minerals Ltd (LON: HMI) has decided not to go ahead with the purchase of the Miriri phosphate project in Brazil because it believes that it is uneconomic.  There was an initial share price fall but it is currently unchanged at 11.2p.


CML Microsystems (LON: CML) is paying a final dividend of 5p a share and the share price rose 10p to 410p.

Circle Property (LON: CRC) is paying a final dividend of 3.5p a share and the share price is unchanged at 253p.

Greencoat Renewables (LON: GRP) is paying a dividend of 1.54 eurocents a share and the share price fell 0.25 cents to 120.25 cents.

Ingenta (LON: ING) is paying a final dividend of 2p a share and the share price rose 6p to 96.5p.

James Latham (LON: LTHM) is paying a final dividend of 19p a share and the share price fell 5p to 1342.5p.

Nichols (LON: NICL) is paying an interim dividend of 12.4p a share and the share price rose 30p to 1135p.

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