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AIM movers: Kropz mineral resource estimate and Active Energy on its way out

Phosphate producer Kropz (LON: KRPZ) has updated its JORC mineral resource estimate for the Elandsfontein phosphate project. There was a decrease in total phosphate resources from 106.6 million tonnes to 74.2 million tonnes. However, total measured and indicated resource tonnage has increased by 72%. The share price improved 17.7% to 2.5p.

AMG Critical Minerals has invested £16m in Savannah Resources (LON: SAV) at 4.7p/share for a 16% stake. The share price rose 12.7% to 4.45p. This cash will be enough to reach final investment decision for the Barroso lithium project in Portugal. There is also a binding offtake agreement for 45,000 tonnes per annum and there is an option to double the amount.

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Time Out (LON: TMO) says growth has accelerated in the latest quarter. A new market has been opened in Porto and there will be another opened in Barcelona in July. Liberum has reduced its forecast loss from £5m to £4.1m for the year to June 20204 and it has doubled its pre-tax profit forecast for this year to £400,000. The share price increased 4.81% to 54.5p.

Concurrent Technologies (LON: CNC) has won its largest single contract worth $4.5m. The company will supply multiple standard plug-in cards to a major US defence and aerospace contractor. The lifetime value of the contract could be $40m. The income should begin this year, but the full benefit will come through in the future. The share price is 4.41% to 106.5p.

FALLERS

Active Energy Group (LON: AEG) intends to leave AIM and will be wound up. There is no suitable offer for the CoalSwitch assets, but some discussions continue. Trading n the shares will be suspended on 1 July because the 2023 accounts will not be ready. Assuming the general meeting agrees to the proposals the AIM quotation will end on 23 July. The share price slumped 46% to 0.1p.

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Geological information publisher Getech (LON: GTC) reported a rise in loss from £3.1m to £3.6m in 2024. Getech has refocused on its core business because it does not have the financial strength to develop hydrogen products. The first four months trading in 2024 has improved by 17%. Cavendish believes Getech could breakeven this year. The share price dipped 36.7% to 4.75p.

Market research company YouGov (LON: YOU) says sales bookings have been lower than expected since the interims were reported. Full year revenues will be approximately £324m-£327m and underlying operating profit will be £41m-£44m. There is reduced demand for fast-turnaround research. There will also be a change in revenue recognition for consumer panel services that delays some revenue into next year. The share price is down 36.7% to 520p, which is the lowest it has been since 2020.

Kibo Energy (LON: KIBO) has simplified its restructuring plan. It is raising £340,000 at 0.01p each and creditors will convert £274,000 at the same share price. This replaces the £500,000 placing at 0.015p/share. Cobus van der Merwe will become an executive director and Clive Roberts a non-exec. Louis Coetzee is leaving the board. The share price fell 26.7% to 0.011p.

Ex-dividends

Animalcare (LON: ANCR) is paying a final dividend of 3p/share and the share price declined 2p to 243p.

Flowtech Fluidpower (LON: FLO) is paying a final dividend of 2.2p/share and the share price is 4p lower at 107p.

GB Group (LON: GBG) is paying a final dividend of 4.2p/share and the share price fell 3.7p to 345.1p.

Gooch & Housego (LON: GHH) is paying an interim dividend of 4.9p/share and the share price slipped 5p to 511p.

Inspired Energy (LON: INSE) is paying a final dividend of 1.5p/share and the share price fell 2p to 81.5p.

RWS (LON: RWS) is paying an interim dividend of 2.45p/share and the share price declined 4p to 194.4p.

Science Group (LON: SAG) is paying a final dividend of 8p/share and the share price is unchanged at 449p.

Tristel (LON: TSTL) is paying a final dividend of 1.5p/share and the share price is unchanged at 97.5p.

Vianet (LON: VNET) is paying a final dividend of 0.75p/share and the share price is unchanged at 113p.

Wynnstay Properties (LON: WSP) is paying a final dividend of 16p/share and the share price is unchanged at 680p.

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