Igas Energy (IGAS) rose 13.6% to 88.6p and Egdon Resources (LON: EDR) 13.4% to 7.2p in response to the written ministerial statement on shale gas extraction. This made a commitment to more exploratory sites.
Palm oil producer Dekel Agri-Vision (LON: DKL) reported a decline in interim revenues, but pre-tax profit improved from €2.04m to €2.48m. Admin costs and interest charges were lower. Extraction rates improved from 21.4% to 22.4% and crude palm oil prices remain high offsetting lower crop yields. The cashew nuts operation is near to commencing processing. The shares are 10.3% higher at 3.2p.
Learning Technologies Group (LON: LTG) reported better than expected interims. Acquisitions boosted revenues and improved margins, but there was still organic growth in revenues of 5% – mainly from the software and platforms division. The share price has been weak this year, but it recovered 9.1% to 129.25p.
Director buying after yesterday’s interim figures from City Pub Group (LON: CPC) pushed up the share price by 8.7% to 62.5p – it was 53.5p on Tuesday. Finance director Holly Elliott bought 28,652 shares at 59p each and non-exec Neil Griffiths acquired 54,632 shares at 57.9p each.
Biome Technologies (LON: BIOM) is the worst performer today with interim revenues slightly lower than last year and the bioplastics is being hit by delays to customer launches. The share price has slumped 51.5% to 82.5pThis has led to bioplastics revenues forecasts being slashed. The RF technologies is trading well, and forecasts increased. The 2022 forecast loss rises by one-fifth to £1.1m with the figure helped by foreign exchange gains. The 2023 loss forecast has increased from £241,000 to £933,000.
Safestyle UK (LON: SFE) had a tough first half to 2022 because of a cyber attack. That delayed price rises and pushed the replacement windows provider into loss. The hot weather hit the summer trading and TV advertising is going to be stepped up. That means that although Safestyle should return to profit for the full year, the forecast has been downgraded from £4.7m to £1m. The share price fell 16.6% to 21.4p.
Just like fellow fuel cells developer ITM Power (LON: ITM) last week, Ceres Power (LON: CWR) has fallen sharply after its interim statement. Revenues and gross margin declined. There is still £221.6m of cash and investments. Licence fee revenues from the China joint venture are likely to be recognised next year. That means that second half revenues will be similar to the first half level. There was a 15.6% drop in the share price to 400.75p.
Late last night Red Rock Resources (LON: RRR) announced a placing raising £160,000 at 0.4p. This came with 20 million warrants exercisable at 0.8p a share. This morning the share price has slumped 15% to 0.425p.
Shares in medical imaging technology company Polarean Imaging (LON: POLX) have fallen after the FDA asked for more information from Polarean’s xenon-129 gas blend drug manufacturing partner. This relates to the recent inspection at its facility. Polarean says its partner will address the concerns. This will delay progress with the new drug application. The shares fell 9.1% to 50p.
Ex-dividends
Brooks Macdonald (LON: BRK) is paying a final dividend of 45p a share and the share price fell 25p to 2125p.
Churchill China (LON: CHH) is paying an interim dividend of 10.5p a share and the share price rose 15p to 1375p.
Driver Group (LON: DRV) is paying an interim dividend of 0.75p a share and the share price is unchanged at 32p.
Eckoh (LON: ECK) is paying a final dividend of 0.67p a share and the share price is unchanged at 40p.
Eleco (LON: ELCO) is paying an interim dividend of 0.2p a share and the share price is unchanged at 70p.
Epwin (LON: EPWN) is paying an interim dividend of 1.9p a share and the share price is down by 0.5p to 77p.
FIH Group (LON: FIH) is paying a final dividend of 2p a share and the share price is unchanged at 228p.
finnCap (LON: FCAP) is paying a final dividend of 1.15p a share and the share price is 1.45p lower at 15.5p.
FRP Advisory (LON: FRP) is paying a final dividend of 1.9p a share and the share price is down by 1p to 162.5p.
Gamma Communications (LON: GAMA) is paying an interim dividend of 5p a share and the share price is unchanged at 1112p.
Gateley (LON: GTLY) is paying a final dividend of 5.5p a share and the share price is 4p lower at 195p.
Hargreaves Services (LON: HSP) is paying a final and special dividend totalling 17.6p a share and the share price fell by 10.5p to 410.5p.
Keystone Law (LON: KEYS) is paying an interim dividend of 5.2p a share and the share price is 10p lower at 500p.
Mattioli Woods (LON: MTW) is paying a final dividend of 17.8p a share and the share price is 25p lower at 640p.
Mercia Asset Management (LON: MERC) is paying a final dividend of 0.5p a share and the share price
Portmeirion Group (LON: PMP) is paying an interim dividend of 3.5p a share and the share price
Property Franchise Group (LON: TPFG) is paying an interim dividend of 4.2p a share and the share price has fallen by 0.1p to 26.15p.
RBG Holdings (LON: RBGP) is paying an interim dividend of 2p a share and the share price fell 2.5p to 87.5p.
Robinson (LON: RBN) is paying an interim dividend of 2.5p a share and the share price is unchanged at 80p.
Somero Enterprises Inc (LON: SOM) is paying an interim dividend of 10 cents a share and the share price is down by 1.5p to 407.5p.
