Advanced materials and paper manufacturer James Cropper (LON: CRPR) had a strong end to the financial year. Both parts of the business traded better than expected and the operational gearing means that profit was well ahead. Paper and packaging returned to profit in the second half. Full year revenues are set to rise from £99.3m to £103m, whereas it had been forecast to be lower, and pre-tax profit is upgraded by 30% to £4.7m. Net debt could fall to £8.3m. The share price jumped 26.8% to 355p.
TheraCryf (LON: TCF) received a conditional approach to acquire the Orexin-1 and dopamine-transporter programmes. This is an area where there is increased commercial interest from pharma companies. The board felt this undervalued the assets. The Orexin-1 addiction programmed is fully funded for a phase 1 trial by the fourth quarter of 2026. If this is successful, the value of the assets will be much higher. The share price gained 15.4% to 0.225p.
Orosur Mining (LON: OMI) has discovered a new significant mineralised gold zone near 100 metres west of Pepas on the Anza project in Colombia. The material is visually similar to the Pepas prospect. Drilling has started at the APTA prospect. The share price is 15.5% higher at 0.225p.
In the first quarter of 2026, data automation and analysis services provider Cirata (LON: CRTA) was cash flow positive for the first quarter ever. The target for the full year is cash flow breakeven. Cash was $4.7m at the end of March 2026. The pipeline of potential work has grown by two-fifths since January. At the end of the first quarter, annualised contract value was $4.9m with billings of $2.3m. Remaining contract billings are $5.8m with $3.4m expected to be billed in the next 12 months. The share price improved 10.8% to 16.4p.
Block Energy (LON: BLOE) has signed a binding framework agreement with Zhijiang Sanning Energy Co for the farm-out of Project III in Georgia. The Chinese company will acquire 51% of Project III and Block Energy will have a carry of up to $75m for oil and gas appraisal drilling and initial construction on its 49% stake. The 2C gross success case for Project III is a NPV10 of $2.2bn. The share price rose 3.77% to 1.375p.
FALLERS
Forgent (LON: FORG) is acquiring a 51% interest in the Peak Hills gold copper for $1.18m in cash and shares and raising £1.3m in a placing at 0.015p/share. There is an option over another 48% of the Peak Hills interest. Negotiations are ongoing over an option on a controlling stake in a nickel copper gold project in Western Australia. The share price dived 28.3% to 0.0165p.
Foreign currency services provider Finseta (LON: FIN) is raising £860,000 at 8.5p/share with up to £100,000 more to come from a retail offer. This will finance regulatory applications in Europe and enable increased transaction capacity for larger business-to-business transactions. There is an increasing focus on business clients, where trading will build up over time, and the Dubai business is growing strongly, although some property transactions and related payments transactions may be delayed. The share price fell 17.5% to 8.25p, which is below the offer price.
Engineer Amcomri (LON: AMCO) full year results exceeded expectations, but the share price declined 4.06% to 153.5p, although the share price is still 14.6% higher over the past week. Revenues were 22% ahead at £70.9m, helped by acquisitions, and pre-tax profit improved from £3.9m to £5.3m. Net debt was £11.2m at the end of 2025. Pre-tax profit is forecast to reach £6.4m in 2026.