William Currie continues to acquire shares in Brandshield Systems (LON: BRSD) ahead of the cancelation of its AIM quotation on 23 October. His shareholding has increased from 10.3% to 14.75%. The share price improved by 15% to 3.75p – it was 4.5p ahead of the proposal to leave AIM.
Harland & Wolff (LON: HARL) has been awarded a £61m mid-life upgrade contract for the SeaRose floating production storage vessel. The work will be carried out in Belfast and will last three months. It should start in the first quarter of 2024. The share price moved ahead by 13% to 12.75p.
Good Energy (LON: GOOD) has appointed chief operating officer Fran Woodward to the board. She has been with the renewable energy supplier for more than one decade. The recent rise in the share price continues and it is up 11.5% to 243p.
Blue Coast Equity has raised its stake in Everyman Media (LON: EMAN) by buying 2.5 million shares at 55p each. This takes the stake in the cinemas operator to 22.9%, which has increased from 19%. The share price rose 5.45% to 58p.
FALLERS
Networking technology supplier Ethernity Networks (LON: ENET) has lost two-thirds of its value since returning from suspension on Monday and it has declined a further 35.1% to 0.25p on the back of allotting 37.1 million shares at 0.2p each. This relates to a settlement notice for $90,000 from 5G Innovation Leaders Fund. The remaining outstanding balance is £1m.
Eco Buildings Group (LON: ECOB) is another company where the shares have returned from suspension after publishing the 2022 results and the 2023 interims. The share price was unchanged yesterday after trading in the shares restarted, but it has subsequently slumped 31.4% to 17.5p. The Eco Buildings business reversed into the Fox Marble shell on 2 June and the placing at the time was at 55p. The modular housing supplier has transferred equipment from Dubai to its new factory in Durres.
eDrive systems developer Saietta (LON: SED) shares returned from suspension on Thursday afternoon after it published results to the year to March 2023. There were problems with the accounting for the new agreements with Consolidated Metco Inc, which included an upfront payment of €3.3m and an inventory write-down of £2.1m. The share price initially fell from 37.5p to 27p and it has fallen a further 14.8% to 23p. Revenues from continuing operations more than doubled to £4.8m, but the group loss was higher. Orders are in place to build up revenues. There was cash of £7.2m left at the end of March 2023, but by September this was down to £400,000. More cash will be required to finance the delivery of orders.
Marketing services provider Jaywing (LON: JWNG) has appointed Spark Advisory as nominated adviser and Turner Pope as nominated broker. The share price slipped 10.6% to 3.8p. This is the lowest share price for three years, following an increased loss in the first half of 2023.