Two unsolicited bid proposals have been made to spectacles supplier Inspecs (LON: SPEC). There has also ben a proposal from Safilo Group to acquire the Eschenbach Group and BoDe businesses of Inspecs. H2 Equity Partners, and Risk Capital Partners and Ian Livingstone, have set out non-binding cash offers with alternatives including unquoted securities. Inspecs joined AIM in February 2020 and raised £23.5m at 195p/share. The share price rebounded 15.6% to 55.5p.
Strategic Minerals (LON: SML) generated third quarter revenues of $1.08m from the Cobre magnetite project in the US. This covers corporate overheads and provides funding for the Redmoor tungsten project in the UK. The share price is 10.5% higher at 0.95p.
Shareholders in cyber security services provider Smarttech247 Group (LON: S247) overwhelmingly backed the resolution to leave AIM on 4 November. Even so, the share price recovered 8.7% to 3.75p.
South American miner Nativo Resources (LON: NTVO) has issued 4.09 million shares at 0.44p/share to pay creditors and two directors are taking £45,363 of fees in shares at 0.475p each. The share price rose 5.75% to 0.46p.
FALLERS
Bars operator The Revel Collective (LON: TRC) is conducting a strategic review, which includes a formal sales process. Cost savings have not offset the £4mm of additional annual costs from National Insurance and duty rises. First quarter like-for-like revenues were 7.4% lower. Net debt was £25.3m at the end of September 2025. Additional funding will be required to stay within banking limits. The share price dived 36.4% to 0.175p.
Three directors are stepping down at syngas technology developer Eqtec (LON: EQT) and James Parsons has been appointed chief executive. Operations have been streamlined and annualised savings will be €1.5m. Rebel Ion is progressing with the acquisition of the company’s secured debt. However, it has suspended subscriptions for shares worth up to £1.5m under an agreement in June with £250,000 already subscribed. Eqtec’s broker Global Investment Strategy UK is providing a £1.5m convertible loan facility with an immediate draw down of £300,000. The share price dipped 18.4% to 0.4p.
Building products supplier Alumasc (LON: ALU) has been hit by pre-Budget uncertainties, although it continues to outperform the construction sector. There have been project delays. Results were always going to be second half weighted. Cavendish has trimmed its 2025-26 pre-tax profit forecast from £15.3m to £14.4m with the dividend forecast unchanged at 11.3p/share. The share price declined 11% to 303p. The prospective multiple is just over ten.
Vet practices operator CVS Group (LON: CVSG) plans to move to the Main Market in early 2026 after 18 years on AIM. This means it will be eligible for inclusion in the FTSE 250 index. A share buyback programme of up to £20m has also been announced. This follows the recent publication of the Competition and Markets Authority of its provisional decision concerning the veterinary market. There are 21 measures recommended including better information on prices. The final decision will be in March 2026. The share price slipped 4.21% to 1364p.