Idox (LON: IDOX) is recommending a 71.5p/share cash bid from Long Path Opportunities Fund. This values the public sector software and services company at £339.5m. Long Path has been a long-term shareholder, and it owns 12% of Idox. The belief is that as a private company Idox will be able to take a longer-term view and invest in new technology with the backing of Long Path. The share price jumped 25.2% to 70.6p.
Construction disputes and professional services provider Diales (LON: DIAL) expects a 2024-25 operating profit of at least £1.3m on slightly lower revenues of £42.6m, due to weaker Asia Pacific business. Pre-tax profit should also be £1.3m. Net cash was £3m at the end of September 2025. There is a strong pipeline of disputes business. The share price rebounded 14.7% to 19.5p.
Specialist cleaning services provider React Group (LON: REAT) says full year revenues were 21% ahead at around £25m, which includes an initial contribution from 24hr Aquaflow, which was acquired last October. Dowgate edged up its 2024-25 pre-tax profit from £2.1m to £2.2m. Strong fourth quarter trading meant that net debt was higher than expected at £5.2m. The share price recovered 13.2% to 51.5p, which is less than eight times estimated earnings, falling to less than six this year.
Genedrive (LON: GDR) and its local distribution partner have signed a memorandum of understanding with the Kingdom of Saudi Arabia ministry of health to introduce the Genedrive MT-RNR1 ID Kit. This is a pilot that could extend to a national deal. The share price rose 10.2% to 0.535p.
FALLERS
ABCrescent Cooperatief U.A. has sold 8.22 million shares in Pulsar Helium Inc (LON: PLSR) at 38p/share. ABCrescent, which is associated with Pulsar Helium director Brice Laurent, still has a 4.81% stake plus 15.5 million warrants. Brie Laurent owns 17,570 shares. This follows the proposed acquisition of Hybrid Hydrogen, which owns mineral rights to 6,742 acres in Michigan’s Upper Peninsula, for $80,000 in shares. The share price fell back 14.8% to 38.5p.
Richmond Hill Resources (LON: RHR) has lost some of its premium to the 1p/share placing and offer price when the mining company moved from Aquis earlier in October. The share price had held at 1.4p since the move, but it has declined 14.3% to 1.2p.
Translation and software services provider RWS (LON: RWS) estimates that it made a pre-tax profit of £60m on broadly flat revenues on a constant currency basis in the year to September 2025. The profit was at the bottom of the guidance range. There was growth in AI, but regulated industries business declined. Net debt was £26m at the end of September 2025. Since then, the company has been restructured. The results will be published on 11 December. The share price slipped 10.5% to 84.2p.
Gunsynd (LON: GUN) says analysis of historical data has identified a new high-grade silver zinc lead target at the Bear Twit project in Canada. The area is called Enyo, and the anomaly is 1.5km long and 500 metres wide. Gunsynd owns 18 million shares in Richmond Hill Resources. The share price dipped 5.45% to 0.13p.