Kibo Energy (LON: KIBO) has extended a power purchasing agreement in Gauteng, South Africa from ten to 20 years. This is for a waste to energy plant held by the 65%-owned subsidiary Sustineri Energy. The internal rate of return for the project is increased from 11-14% to 15-18%. Construction will start in the first quarter of 2023, and it could take just over one year to complete. The Kibo Energy share price has risen by one-quarter to 0.125p.
EQTEC (LON: EQT) shares have slumped following the £3.75m fundraising at 0.5p a share This was announced at the end of yesterday’s trading although the share price did fall from 0.725p to 0.65p. Today, it has fallen below the placing price and it is 26.9% lower at 0.475p. The cash is required to push ahead with clean energy generation projects.
Atalaya Mining (LON: ATYM) reported second quarter copper production below forecast at 13,400t. Guidance for the full year has been reduced by 4% to 52,000t-54,000t. Costs will be 5%-10% higher even though a Spanish energy price cap is in force. The share price slumped 12.9% to 247.5p.
Quieter trading conditions meant that first half figures from broking services provider Jarvis Investment Management (LON: JIM) were lower, although this is not a great surprise. Revenues fell 23% to £6.3m and pre-tax profit fell by one-third to £3.1m. Net cash has risen to £4.2m. WH Ireland has cut its 2022 pre-tax profit forecast from £7.3m to £7m. Jarvis Investment Management shares fell 16.7% to 161.5p. A second quarterly dividend of 3p a share had already been declared.
LifeSafe Holdings (LON: LIFS) joined AIM on 6 July and raised £3m in a placing at 75p. the share price went to a small premium, but it has fallen back, and it is down a further 13% to 60.5p today. All but one of today’s six trades are sells. The other is a deal that is worth less than £100 and classed as unknown. LifeSafe has developed fire safety products, using eco-friendly fluid.
TransGlobe Energy Corporation (LON: TGL) is merging with VAALCO Energy (LON: EGY) to create an Africa-focused exploration and production company. VAALCO is offering 0.6727 of one share for each TransGlobe share. TransGlobe shareholders will own 45.5% of the enlarged group. The transaction is valued at $307m. TransGlobe shares are 23.6% higher at 325p. VAALCO Energy shares have fallen by 4.32% to 498p.
Appreciate Group (LON: APP) chief executive Ian O’Doherty is leaving the board, which means that the redemption product provider does not have a permanent finance director or chief executive. The business has been reorganised since 2018 and the benefits are starting to show through. The share price has been relatively strong this year, but it fell 6.3% to 28.2p on the news.
Portmeirion Group (LON: PMP) remains cautious about the outcome for 2022, although analysts have maintained their full year forecasts. The share price indicates investor concerns and fell 10.4% to 367.5p. The first half trading statement of the homewares supplier states that interim revenues will be 5% higher at £45m. Shipping costs are reducing, although other costs have risen. Full year forecast revenues are 3110m and pre-tax profit is £10.1m, although this is dependent on fourth quarter trading.
Ex-dividends
Anpario (LON: ANP) is paying a 7p a share final dividend and the share price fell 5p to 525p.
Character Group (LON: CCT) is paying a 7p a share interim dividend and the share price is unchanged at 495p.
Caledonia Mining Corp (LON: CMCL) is paying a quarterly dividend of 14 cents a share and the share price fell 25p to 895p.
Crystal Amber Fund Ltd (LON: CRS) is paying a final dividend of 10p a share and the share price fell 4p to 112p.
D4T4 Solutions (LON: D4T4) is paying a final dividend of 2.07p a share and the share price fell 1p to 242.5p.
Elixirr International (LON: ELIX) is paying a final dividend of 4.1p a share and the share price fell is unchanged at 605p.
Oil and gas producer i3 Energy (LON: I3E) is paying a dividend of 0.1425p a share and the share price fell 0.275p to 23,875p.
Kitwave Group (LON: KITW) is paying an interim dividend of 2.5p a share and the share price fell 3.25p to 175.25p.
Marks Electrical (LON: MRK) is paying a final dividend of 0.67p a share and the share price fell 1p to 80.5p.
MS International (LON: MSI) is paying a final dividend of 7.5p a share and the share price fell 5p to 287p.
Sanderson Design (LON: SDG) is paying a final dividend of 2.75p and the share price fell 3p to 113.5p.
Shoe Zone (LON: SHOE) is paying an interim dividend of 2.5p a share and the share price fell 5p to 165p.
The Mission Group (LON: TMG) is paying a final dividend of 1.6p a share and the share price fell 0.5p to 56.5p.
