Advanced coating provider Hardide (LON: HDD) continues to win new business and this has sparked an upgrade in the forecast for 2025-26. The latest order is from a North American energy company, and it is worth $1m. This should be delivered in the second half. Cavendish has upgraded its earnings forecast by one-quarter to 1.9p/share on a £1m increase in forecast revenues to £9m. That shows the operational gearing of the business. The share price jumped 31.25% to 21p.
Xtract Resources (LON: XTR) has agreed a joint venture with Oval Mining and Cooperlemon Consultancy to develop the Silverking copper mining operations. This project is within three months of production commencing. The share price gained 31.3% to 1.05p.
Chesterfield Special Cylinders (LON: CSC) says the defence order book continues to strengthen following a new contract for specialised pressure vessels for French navy submarine. Management believes it could gain a major contract for hydrogen storage systems during this year. This year will be second half weighted and full year revenues are expected to be significantly higher. Revenues are forecast to be 18% ahead at £19.5m and the company should move close to breakeven. The share price improved 13.7% to 54p.
Energy efficiency services provider Earnz (LON: EARN) released a positive statement concerning the recent Government announcement of its Warmer Homes Plan. This covers solar panel, heat pump and batteries installations. Earnz says that there is increasing order activity from the social housing sector, which is seeking to access the £15bn of potential spending to make housing more energy efficient. The share price is 11.7% higher at 5.75p.
Cyber security services and software provider Shearwater Group (LON: SWG) has secured a three-year contract renewal worth £9m. This is an expansion of the previous contract and relates to email security and inside threat management. This helps to underpin the expectation of a pre-tax profit of £1.1m in the year to June 2026. The share price increased 8.51% to 51p. The shares are trading on eleven times forecast earnings and net cash of £7m is forecast for the end of June 2026.
FALLERS
Trellus Health (LON: TRLS), which has developed a digital platform to manage chronic health conditions, says it has enough funding for most of the first quarter of 2026, having reduced cash burn to $400,000/month, and it is in talks for additional funding. Revenues were $545,000 in 2025. Last year, the agreement with Pfizer to license patient support educational content for inclusion in Pfizer’s IBD digital application was renewed and it could be expanded this year. Trellus Health has begun launching the programme to support recruitment and enrolment optimisation for an ongoing mid-stage immunology and inflammation clinical trial sponsored by Takeda. The share price declined 29% to 0.675p.
Oil and gas producer Jadestone Energy (LON: JSE) averaged 19,829 boe/day, which was at the lower end of the guidance range. Production at Akatara was ahead of plan. Production costs fell from $282.8m to $243m. Revenues edged up from $395m to $408.1m after a 13% reduction in the realised oil price. Net debt was $89m at the end of 2025. The lower oil price outlook will spark a non-cash impairment of assets in the 2025 accounts. The share price fell 7.48% to 23.5p.
Content creation and advertising services provider LBG Media (LON: LGB) increased revenues 10% to £92.2m in the year to September 2025. Pre-tax profit improved from a pro forma £20.3m to £20.8m. Zeus has upgraded its 2025-26 forecast revenues by 6% to £108m, while pre-tax profit is maintained at £21.7m because of the change in the mix of revenues. The share price slid 5.49% to 86p.
PACSCo (LON; PACS), formerly Agriterra, shares returned from suspension down 4.22% to 0.431p. This followed publication of full year and subsequent interim results. The main business has been sold, and the company is a shell.