HSS Hire (LON: HSS) has returned from suspension having published its accounts for the 15 months to Mach 2025 and its digital marketplace subsidiary ProService has agreed a five-year commercial hire and services supply deal with Speedy Hire (LON: SDY). ProService will be provide training for customers. The deal is estimated to be worth at least £50m/year in revenues for Speedy Hire and improve HSS revenues and margins. Three HSS service centres and other assets will be transferred to Speedy Hire, which is taking a 9.99% stake in HSS Hire. Speedy Hire is paying a total of £35m. HSS is selling HSS Service Group, which will continue to supply power access equipment to HSS to Project Mansell Newco for £1, although HSS will contribute £26m to facilitate the separation. This means that HSS will purely be a digital business. HSS reported a loss of £130.3m due to write-offs, although the underlying loss was £8.4m. Net debt was £97.6m at the end of March 2025. Net debt should fall below £30m after the transactions. The deal should be earnings enhancing in 2026-27. The share price rebounded 39% to 10.06p – the highest level for nearly eighteen months.
Clinical diagnostics for organ transplants developer VericiDx (LON: VRCI) says the commercial scale-up of acute post-transplant rejection test Tutivia has progressed in the third quarters. There was a 19% increase in ordering clinicians, and 30 transplant centres have been signed up. The orders were steady in the quarter with volumes expected to rise in the fourth quarter. Aubrey Powell has been appointed as a non-executive. The share price is 15.4% higher at 0.75p.
Didier Casimiro is now the ultimate beneficial owner of Compact WTL Tech, which owns 32.1% of syngas technology developer Eqtec (LON: EQT). Compact WTL Tech is in the process of taking ownership of the company’s debt. Didier Casimiro was sanctioned by the UK and US governments because he was employed by Rosneft until May 2022, but these have been removed. He is still sanctioned in some other countries. The share price improved 18.8% to 0.475p.
Cadence Minerals (LON: KDNC) says the WRAP retail offer at 3p/share was oversubscribed and the amount raised was increased from £200,000 to £300,000. This follows the placing that raised £2.34m. The cash will fund the restart of the Azteca plant in Brazil. This could produce 380,000 tpa of 65% Fe. The share price recovered 10.6% to 5.2p.
A nine-month trading update for telematics company Quartix (LON: QTX) revealed annualised recurring revenues of £36.1m and that trading is ahead of expectations. The fastest growth is outside of the UK. Zeus upgraded its 2025 pre-tax profit forecast from £7.1m to £7.3m. Next year’s forecast is raised from £8.7m to £9.4m. The share price roe 9.47% to 312p.
FALLERS
UK Oil and Gas (LON: UKOG) has raised a further £1m at 0.03p/share, which takes the total raised to £4.5m. The cash will provide funding for hydrogen projects, including concept and design studies for the recently announced collaboration with National Gas, as well as ongoing oil commitments. The share price slipped 9.09% to 0.03p.
Beeks Financial Cloud (LON: BKS) grew full year revenues 26% to £35.9m with the contribution from Proximity Cloud jumping from £1.6m to £7.8m. Annualised recurring revenues are £29.5m. Pre-tax profit improved from £3.9m to £5.5m. Beeks Financial believes that increasing cloud adoption, cybersecurity requirement, analytics and AI use in risk management mean that there are more opportunities. New contracts have been signed since the year end. The share price declined 9.09% to 200p.
Jubilee Metals Group (LON: JLP) has received the first tranche of $15m for the sale of South African chrome and platinum operations. Final completion of the sale depends on audit. The focus will be copper in Zambia. The share price dipped 8.13% to 3.05p.
On Friday evening, podcast platform Audioboom (LON: BOOM) confirmed that it is undertaking a strategic review. The process includes the possible sale of the company among the alternatives. There are discussions with potential commercial or strategic partners. Audioboom is the fifth largest podcast platform in the US. The share price fell 8.31% to 585p, following its jump on Friday.