Cleantech investment company i(x) Net Zero (LON: IX.) says investee company WasteFuel Global has secured a $10m investment from BP. This funding increases the valuation of the i(x) Net Zero stake by 181% to $131.7m. The total value of the company’s portfolio has increased from $63.8m to $148.6m. WasteFuel is developing bio-methanol plants. The share price soared 71.4% to 24p. The February 2022 placing price was 76p.
Petro Matad (LON: MATD) says the Mongolian government has approved the certification of the Block XX exploitation area, which includes the Heron oil discovery, as special purpose land. Discussions are continuing to obtain services for production from the Heron-1 well. The share price jumped 56.4% to 6.1p.
Spirits company Distil (LON: DIS) reported a higher loss last week. A few days later it has reported the latest quarterly figures that show revenues more than trebling to £364,000 even though marketing investment has been cut by 72%. The share price is one-fifth higher at 0.45p.
Byotrol (LON: BYOT) has secured a UK patent for anti-viral properties of enhanced extracts of brown seaweed. The company is considering using the extracts in treatments for viral conditions. The share price rose 5.26% to 2p.
CyanConnode (LON: CYAN) says that 2022-23 revenues were in line with expectations and cash was £4.1m. A loss is forecast before moving into profit this year. In he first quarter of this year, CyanConnode has delivered 291,000 Omnimesh modules for smart meters, compared with 391,000 for 2022-23. The share price increased 4.55% to 14.375p.
Emmerson (LON: EML) has referred the Environmental & Social Impact Assessment (ESIA) for its Khemisset potash project to a ministerial committee in Morocco. The regional authority decided it was unable to approve the ESIA. The use of water is a key factor in the decision. A bankable feasibility study will take six months to complete after environmental approval. Emmerson is expected to move into net debt in 2024. The share price slumped 31.9% to 2.45p.
Airline operator Jet2 (LON: JET2) executive chairman Philip Meeson and major shareholder is stepping down from the board. He will initially become non-executive before a replacement is found. Jet2 returned to profit in the year to March 2023. Canaccord Genuity has increased its 2023-24 pre-tax profit forecast from £423m to £463m. Even so, the share price has fallen 10.3% to 1133.5p.
Abingdon Health (LON: ABDX) says 2022-23 revenues should be £4m, up from £2.8m last year. The diagnostics tests company had £3.2m in the bank at the end of June 2023. The easing of the rate of cash outflow means that this cash should be sufficient for reaching breakeven. The share price is 2.08% lower at 11.75p.
Ex-dividends
Atalaya Mining (LON: ATYM) is paying a final dividend of 3.15p a share and the share price rose 2p to 327p.
Dewhurst (LON: DWHT) is paying an interim dividend of 4.75p a share and the share price slumped 80p to 975p.
MS International (LON: MSI) is paying a final dividend of 13p a share and the share price fell 10p to 572.5p.
Next 15 Group (LON: NFG) is paying a final dividend of 10.1p a share and the share price is 17.5p lower at 701.5p.
Premier Miton (LON: PMI) is paying an interim dividend of 3p a share and the share price slipped 1p to 83p.
Polar Capital (LON: POLR) is paying a final dividend of 32p a share and the share price fell 48.75p to 471.25p.
Robinson (LON: RBN) is paying a final dividend of 3p a share and the share price is unchanged at 92.5p.
Real Estate Investors (LON: RLE) is paying a dividend of 0.63p a share and the share price is 0.25p lower at 30p.
Smart Metering Systems (LON: SMS) is paying a dividend of 7.56p a share and the share price fell 13p to 667p.
Tatton Asset Management (LON: TAM) is paying a final dividend of 10pp a share and the share price was down 14.5p to 451.5p.
Union Jack Oil (LON: UJO) is paying a dividend of 0.3p a share and the share price is 0.25p lower at 27.5p.
