Active Energy Group (LON: AEG) shares rose a further 37.1% to 0.24p. Zen Ventures provided a loan of £200,000 to enable the publication of 2023 accounts and the latest interims. Zen Ventures will appoint two directors. The plan is to commercialise the CoalSwitch technology.
Sabien Technology (LON: SNT) says Phoenix, Arizonia will be the place of the first deployment of its waste plastics to oil technology. Phase 1 of the project will involve two pilots, and this will last for five years. Sabien Technology’s non-consolidated associate company b.grn Group has signed a non-binding letter of intent for leasing land for the plant. The share price increased 24.4% to 12.75p.
Data and marketing services provider Jaywing (LON: JWNG) revealed interim revenues falling 15% to £9.45m. The loss increased to £2.54m. The main decline was in UK consulting. Cost savings and new business wins man that the second half should be much better. Cash is tight, but there should be an improvement in cash generation. The share price is 18.5% higher at 1.6p.
Surgical Science Sweden is bidding 13p/share to Intelligent Ultrasound (LON: IUG), which values the ultrasound simulation company at £45.2m. The bid is recommended by the board. Intelligent Ultrasound will benefit from becoming part of a larger group and it enables the bidder to obtain a UK operation. Intelligent Ultrasound was going to return cash to shareholders following the sale of its clinical AI business. There was cash of £39.6m in November, which covers most of the bid value. In November 2022, a placing and subscription raised £5.2m at 9.25p/share. The share price improved 13.5% to 12.625p.
PipeHawk (LON: PIP) has made a good start to the financial year and it should return to profit. All the continuing engineering and electronics businesses are doing better. Interim revenues of continuing operations will be significantly ahead of the £1.1m achieved last year and breakeven is expected. The share price is 12.5% ahead at 2.25p.
FALLERS
Yesterday, shareholders approved plans for Webis (LON: WEB) to lave AIM and this will happen on 3 January. The share price dipped by two-fifths to 0.075p.
Gfinity (LON: GFIN) says that it achieved monthly profitability in November. Accounts for the year to June 2024 have been delayed and will not be published by the end of 2024, so trading in the shares will be suspended on 2 January. The share price fell 25.8% to 0.0575p.
Tribe Technology (LON: TRYB) shares are 13.9% lower at 1.4p after revealing that its accounts will be delayed. The autonomous mining equipment developer is in talks with potential provider of finance, and it believes that leaving AIM will make it easier to raise money. Trading in the shares will be suspended on 2 January.
Orosur Mining (LON: OMI) has raised £1.25m at 6.6p/share and this will fund drilling at the Pepas gold project in Colombia. A further 1.9 million broker warrants exercisable at 6.6p/share. The company has identified a basement fault that provides a marker for the trend of the Pepas gold project. The share price slipped 10.2% to 7.9p.
A poor performance in the Falkland Islands hit interims from FIH Group (LON: FIH). This was mainly due to delays to a contract to build houses for the Falkland Islands government and he Ministry of Defence. The problems are set to continue in the second half. The Momart and Gosport ferry businesses were steady. FIH slumped into a loss of £5.9m. Net debt is £3.3m and there is a 1.25p/share interim dividend. The share price declined 8.33% to 220p.
Ex-dividends
MS International (LON: MSI) is paying an interim dividend of 5p/share and the share price is unchanged at 940p.