Energy efficiency services company Earnz (LON: EARN) reported revenues of £2.64m in 2024. The company was loss-making, but the figures are effectively for four months of the continuing operations. Executive chair Bob Holt has sold some of his existing shares into his SIPP and also bought an additional 40,556 shares at 4.5p each. The share price rose by one-quarter to 5p.
Blue Star Capital (LON: BLU) has increased its stake in SatoshiPay from 28% to 50%. The shares were acquired from SatoshiPay directors Danny Masters and Meinhard Benn, who is also a Blue Star Capital director. The payment is 4.41 million shares at a price of 20p each. Meinhard Benn still owns 25% of SatoshiPay and 15% of Blue Star Capital. The share price increased 14% to 24.5p.
Tracking services provider T42 IoT Tracking Solutions (LON: TRAC) improved revenues from $4.01m to $4.16m. The loss increased from $420,000 to $1.75m. There were increases in shipping and components costs, plus inventory write-offs. Contracts signed last year will boost this year’s revenues. The share price recovered 10.5% to 3.15p.
Floorcoverings distributor Likewise (LON: LIKE) is generating like-for-like growth in revenues of 10%. This means that it is gaining market share and benefiting from operational gearing. Although Zeus has not changed its 2025 forecast of doubled pre-tax profit of £4m. That is based on growth of 7%, so if the current momentum continues there could be upgrades in revenues and profit. The shares are trading on 20 times prospective earnings, but this should come down rapidly over the next couple of years. Additional warehouse capacity is being added. The share price is 9.09% higher at 24p.
Poland-based pizza stores operator DP Poland (LON: DPP) increased 2024 revenues by one-fifth to £53.6m, while like-for-like growth was 17.9%. The loss was substantially reduced from £4.94m to £551,000. Cash generated from operations was £5.36m and that covered capital investment. Net cash was £11.3m at the end of 2024. Growth has continued in 2025. The share price rose 5.41% to 9.75p.
FALLERS
Palm oil supplier and cashew processor Dekel Agri-Vision (LON: DKL) has raised £2.33m at 0.55p/share, which was more than expected, and launched a retail offer of up to £300,000. The €1.2m loan from chief executive Youval Rasin will be converted at the same share price. There are also revised terms for its lending facilities, which will delay repayments. Current debt is €26.4m. The share price slumped 33.7% to 0.58p.
Catenai (LON: CTAI) raised £1.6m at 0.35p/share on Thursday. Part of the proceeds will finance the establishment of a Bitcoin treasury function with £450,000 set aside for a further £450,000 investment in Alludium. The share price lost some of its gains earlier in the week. The share price slipped 7.79% to 0.355p.
Jarvis Securities (LON: JIM) reported an 8% increase in revenues to £484,000 in the six months to December 2024, while pre-tax profit was 71% higher at £993,000. Since then, the company has agreed to sell its broking business to interactive investor, although there are still conditions that need to be satisfied. The share price declined 6.06% to 15.5p.