Shares in retailer Joules (LON: JOUL) have reacted positively to a statement last night. Management says that the turnaround plan is progressing. Joules is still considering how to raise additional finance. The share price recovered by 25.8% to 6.29p.
Angus Energy (LON: ANGS) says Saltfleetby gas flow rates will be ramped up to 6 million cubic feet per day in October. A further compressor will double flow rate in January 2023. The shares are 14.1% higher at 2.225p.
Pharma company e-Therapeutics (LON: ETX) is raising £13.5m at 20p a share – M&G funds are investing in the shares. The share price rose 9.54% to 19.525p. This adds to the cash of £21.8m at the end of July 2022. This cash will be used to expand the in-house pipeline of RNAi candidates that the ETX platform has identified. It will also fund further development of cell-type specific computational tools and datasets.
Nostra Terra Oil and Gas Company (LON: NTOG) more than doubled its interim revenues to $2m on a one-third rise in oil production. Cash generated from operations was $850,000. The latest well has already reached payback. There are further production increases in the second half as wells that have been offline for work on facilities return to production. The share price rose 10.4% to 0.265p.
Digital transformation services TPXimpact (LON: TPX) says trading has been below expectations and complications with the integration of the businesses acquired to build up the group has not run smoothly. Operating costs are rising. The order book is increasing in value, but revenue expectations have been cut from £97.4m to £90m. Profit expectations have nearly halved. Chief executive Neal Gandhi and finance director Oliver Rigby. Bjorn Conway is the new chief executive. The share price has slumped by 54.8% to 47.5p.
Sports nutrition supplier Science in Sport (LON: SIS) has commenced a strategic because of review and an option is a sale of the company. This has been coupled with a £5m placing at 15p a share. The share price dived 27.7% to 17p. This cash will strengthen the balance sheet and provide finance to cope with raw material price increases. Reduced consumer confidence is having an impact on trading.
Credit provider Morses Club (LON: MCL) has been hit by claims against the home collected credit division. Losses continue and this is reducing cash available to lend. A scheme of arrangement is being developed to avoid insolvency. The share price has slumped 23.5% to 3.78p.
Real Good Food (LON: RGD) says it needs to make further cost reductions and more redundancies will be required. Expectations for the current year have been reduced and £2.5m is being sought to finance the restructuring. The shares are 19.2% lower at 1.05p.
