Digital services provider Made Tech Group (LON: MTEC) continues its recent share price recovery on the back of a £10m contract with the Home Office. There is a six-month extension that could be worth a further £2m. This is a renewal and extension of a previous contract that generated £6m. The share price improved 10.8% to 28.25p. Made Tech joined AIM in September 2021 at 122p a share.
Lebanese restaurant operator Comptoir Group (LON: COM) shares have reacted to last Friday’s appointment of Nick Ayerst as chief executive. He previously ran healthy food chain Leon. The share price rose 13.9% to 5.725p.
Parcel delivery company DX (LON: DX.) reported strong figures and the departure of executive chairman Ron Series. Full year revenues were 12% ahead at £428.2m, while pre-tax profit jumped from £12.2m to £20.6m. finnCap has upgraded its 2022-23 pre-tax profit forecast from £25m to £25.4m. The share price recovered by 10% to 27.5p, but it is still below its suspension price.
Musical instruments retailer Gear4Music (LON: G4M) reported interims in line with the AGM trading update. Gear4Music declined from a profit to a £1m loss. Revenues were 2% ahead thanks to a recovery in European sales. Website users were lower, but average order value rose 19% to £151. A full year pre-tax profit of £1.1m is forecast. The share price improved by 5.73% to 101.5p.
Baron Oil (LON: BOIL) has launched a £5m placing and subscription at 0.12p a share. Up to £1m more could be raised through a REX retail offer to private investors. Baron Oil already has net cash of £1.6m. There will be around £1.5m invested in the Chuditch PSC, offshore Timor-Leste, plus a further £750,000 for the Chuditch bank guarantee. The rest will go on other interests and to cover overheads. The share price has fallen 22.1% to the offer price of 0.12p.
Quantum Blockchain Technologies (LON: QBT) is making progress in creating cheaper, faster and more energy efficient Bitcoin miners. Preliminary results show a 30% improvement over commercially available miners. The company is considering a third-party licencing strategy. The share price slipped 15.4% to 1.1p.
Credit provider Morses Club (LON: MCL) will have to constrain lending because its funders will not provide a peak trading advance for the next three months. The share price dipped by 8.13% to 2.205p.
Shares in Arkle Resources (LON: ARK) continued to fall after yesterday’s placing raising £200,000 at 0.4p a share to fund the drilling programme for the Stonepark zinc joint venture in Limerick. The share price declined a further 9.52% to 0.475p.
