Dr Graham Cooley has increased his stake in spirits company Distil (LON: DIS) from 17.3% to 18.1%. The share price has come off its high for the day, but it is still up 46.7% to 0.11p.
Emmerson (LON: EML) is seeking arbitration through the International Centre for Settlement of Investment Disputes (ICSID), which is part of the World Bank, in relation to its dispute with the Moroccan government over the Khemisset potash project. The compensation claim is valued by the company at $2.2bn. The $11.2m litigation funding facility will be used to pay costs. The share price recovered 30.6% to 2.35p.
Generative AI services provider GenIP (LON: GNIP) has gained its first client for a new AI-powered product. It is a big four accountancy firm. The product analyses data and provides competitive intelligence for businesses. The share price rose 14.8% to 31p.
Architectural and construction software provider Eleco (LON: ELCO) beat previously upgraded expectations with pre-tax profit improving from £4.2m to £5.4m and the dividend was raised by one-quarter to 1p/share. The move to a SaaS-based model is beginning to show though in profitability, while upselling has increased net revenue retention to 109%. A pre-tax profit of £6.8m is expected this year. Annualised recurring revenues are forecast to grow from £26.6m to £32.6m in 2025. The share price increased 6.61% to 129p.
FALLERS
In content advertising company Mirriad Advertising (LON: MIRI) says first quarter revenues were just over £80,000, although this is a seasonally weak period there were lower than expected activity levels. Cash has fallen to £2.7m at the end of March 2025 with monthly cash burn of up to £750,000. There were talks about a possible offer for the company, but they have ended. Mirriad Advertising needs to raise more cash, and management is considering placing the company in administration. The share price slumped 83.8% to 0.055p.
Healthcare services provider Totally (LON: TLY) has launched a strategic review following a downgrading of expectations for the year to March 2025. This reflects a delay in the start of a contract and the discontinuing of higher margin NHS111 work. EBITDA expectations have been downgraded from £3.5m to between nil and £2m. Exceptional costs are higher than anticipated at £3.8m. The finance director has left. There is a tight cash position and that has sparked the review to decide how to strengthen the balance sheet. The share price dived 63% to 1.5p.
Ethernity Networks (LON: ENET) is raising £800,000 at 0.022p/share and each share comes up with a warrant exercisable at 0.045p/share. The cash will pay creditors and on ASIC development. The company is making progress with discussions with a wireless business as part of the strategy to become a semiconductor company. The share price declined by one-quarter to 0.0225p.
Oil and gas company Caspian Sunrise (LON: CASP) says delays in the renewal of the licence for the Akkaduk structure had stopped it completing the acquisition of the Block 8 contract area in Kazakhstan. However, it has decided to go ahead with the acquisition without the renewal, and it is applying for government consents. The sale of other assets for $88m also awaits regulatory consents. The share price fell 5.36% to 2.65p.
Ex-dividends
AB Dynamics (LON: ABDP) is paying an interim dividend of 2.8p/share and the share price slid 17.5p to 1742.5p.
Ashtead Technology (LON: AT.) is paying a final dividend of 1.2p/share and the share price is 5.75p lower at 491.75p.
BP Marsh (LON: BPM) is paying a dividend of 8.08p/share and the share price is down 5p to 710p.
Churchill China (LON: CHH) is paying a final dividend of 26.5p/share and the share price slipped 22.5p to 552.5p.
Nexteq (LON: NXQ) is paying a final dividend of 3.7p/share and the share price fell 2.5p to 62p.
Thor Explorations Ltd (LON: THX) is paying a dividend of C$0.0125 /share and the share price declined 1.75p to 31.75p.