AIM movers: Ingenta contracts and ex-dividends

Publishing software provider Ingenta (LON: ING) has won two contracts for its content distribution platform that are worth a total of £2m over five years. This underpins the expected growth for this year. The clients are a scientific publisher and a non-governmental organisation. A £1.4m pre-tax profit is forecast for 2023. The share price improved 14.7% to 105.5p.

Falanx Cyber Security (LON: FCS) says 2022-23 revenues improved from £3.6m to £3.9m with further growth in the first quarter of the new financial year. The cost base is reducing. The share price rose 13.9% to 23p, but it has still halved this year.

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Symphony Environmental Technologies (LON: SYM) is performing well ahead of 2022 levels so far this year and it is set to move back into profit. Overheads have been reduced by one-quarter and shipping costs are lower, while gross margins are higher. Symphony Environmental still awaits approvals for the joint venture in India. The share price increased 11.1% to 7.5p.

Premier African Minerals (LON: PREM) shares have recovered 15.5% to 0.335p even though last night it announced that a notice of termination of the offtake agreement with 13.1% shareholder Canmax Technologies has been received. Premier African Minerals has declared Force Majeure on the agreement that relates to the Zulu lithium and tantalum project which suspends the right to terminate the contract.

Video games producer tinyBuild (LON: TBLD) expects 2023 to be a financial low point with the first half performance below expectations. New games have underperformed and the values of some of the back catalogue titles may be impaired. Higher amortisation of development costs and increased royalties mean that EBITDA will fall more sharply than revenues. The cash position is much weaker than expected and it could fall below $10m by the end of the year. Finance director Tony Assenza has left the board. The share price slumped 76.1% to 8.25p.

Alaska-focused oil and gas explorer Pantheon Resources (LON: PANR) has slumped following yesterday evening’s announcement of a change of strategy. Instead of proving up sufficient resources to attract a buyer or partner to provide development capital, Pantheon Resources will consider other way of financing the brining of resources into production, including debt and equity. The share price declined 23.8% to 10.82p.

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Sports nutrition company Science In Sport (LON: SIS) reported a double full year loss of £10.6m as costs increased an revenues edged up 2% to £63.8m. A strategic review has been completed and the focus is profitable growth through margin improvement and price rises. Cash breakeven is targeted for 2023. The share price is 16.7% lower at 12.5p.

North Sea oil and gas producer i3 Energy (LON: I3E) has revised its 2023 production guidance from 22,250-23,000 barrels of oil equivalent/day to 20,000-21,000 barrels of oil equivalent/day, which is lower than first quarter production, while oil and gas prices have fallen. This has led WH Ireland to cut its cash flow generation expectations from £67.3m to £55.7m and lowered its fair value estimate from 27p/share to 23p/share. The share price is down by 16.1% to 13.65p.

Landore Resources (LON: LND) is raising £600,000 at 9p/share and the market price has fallen below that level. The company plans to join the TSX Venture Exchange in the third quarter and the cash raised will help fund the related costs. Canada-based Claude Lemasson has been appointed chief executive. The share price slipped 16.6% to 8.65p.


Anglo Asian Mining (LON: AAZ) is paying a final dividend of 3.16p a share and the share price is 0.5p higher at 97.5p.

Argentex (LON: AGFX) is paying a dividend of 2.25p a share and the share price is unchanged at 126.5p.

BP Marsh (LON: BPM) is paying a final dividend of 1.39p a share and the share price is unchanged at 385p.  

Inspiration Healthcare (LON: IHC) is paying a final dividend of 0.41p a share and the share price fell 0.5p to 54.5p.

Strix (LON: KETL) is paying a final dividend of 3.25p a share and the share price is 0.4p higher at 101.4p.

Panther Securities (LON: PNS) is paying a final dividend of 6p a share and the share price declined 10p to 295p.

Skillcast (LON: SKL) is paying a final dividend of 0.28p a share and the share price is unchanged at 20.5p.

Serica Equity (LON: SQZ) is paying a final dividend of 14p a share and the share price fell 17.5p to 208.9p.

Vertu Motors (LON: VTU) is paying a final dividend of 1.45p a share and the share price declined 0.7p to 70.1p. Wynnstay Properties (LON: WSP) is paying a final dividend of 15p a share and the share price is unchanged at 692.5p.

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