Joshua Alliance is offering 40p/share in cash for each share in N Brown Group (LON: BWNG) – the share price has not been this high since February 2023. The Alliance family and related parties already own 53.4% of N Brown. This bid values the fashion brands company at £191m. The chief executive and finance director of N Brown will elect for a share alternative. The share price jumped 42.8% to 38.55p.
Identity fraud and location software GB Group (LON: GBG) improved interim revenues by 4.5% to £137m. There was a decline in fraud revenues because of timing issues, but identity and location revenues were higher. Operating profit was one-fifth ahead at £29m. Net debt has fallen from £80.9m to £72m in the six months to September 2024. The share price rebounded 11.6% to 322.7p.
Orosur Mining Inc (LON: OMI) has gained TSX-V approval for the return to 100% ownership of the Anza gold project in Colombia. Technical completion is being progressed so that Orosur Mining can start field operations. The share price improved 5.66% to 2.8p.
Decision making software provider ActiveOps (LON: AOM) grew first half revenues by 9% to £14.3m. Annualised recurring revenues are £26.2m. Net revenue retention is 1085. There is cash of £13.4m. Demand is being driven by organisations needing to reduce the cost base. Investment in sales will pay off next year. The share price rose 4.08% to 127.5p.
FALLERS
Europa Oil & Gas (LON: EOG) responded to media speculation over planning permission of the Wressle well site, where it owns 30%. There is a letter setting out the intention to challenge the decision of North Lincolnshire council decision to grant permission for an extension to the Wressle site and a pipeline. The share price declined 10.3% to 0.875p. Union Jack Oil (LON: UJO) has a 40% interest in the Wressle development and the share price fell 6.12% to 11.5p.
Frontier IP (LON: FIPP) investee company The Vaccine Group, along with The Animal and Plant Health Agency, has been awarded an Innovate UK Smart grant of more than £400,000. This will fund the development of a vaccine for cattle to treat bovine respiratory syncytial virus (BRSV) and lumpy skin disease (LSD). The Frontier IP share price slid 3.03% to 32p.
Premier African Minerals (LON: PREM) is spending $50,000 on adjustments to the Zulu lithium and tantalum project processing plant. This is likely to be a short-term solution and should improve the grade and recovery levels. The company plans to recommence production, but the timing is uncertain. A Chinse EPCM contractor has provided proposals for a complete spodumene flotation plant, and this could help to increase production. The share price dipped 1.04% to 0.0475p.
Ex-dividends
Animalcare (LON: ANCR) is paying an interim dividend of 2p/share and the share price dipped 1p to 237p.
Livermore Investments Group (LON: LIV) is paying a dividend of 4.23 cents/share and the share price is 2.3p lower at 45.2p.
Next 15 Group (LON: NFG) is paying an interim dividend of 754.p/share and the share price rose 1.5p to 406p.
M Winkworth (LON: WINK) is paying a dividend of 3p/share and the share price fell 1p to 201p.