Naked Wines (LON: WINE) has decelerated the rate of decline in revenues in the 13 weeks to the end of 2024. Even so, they declined by 10%, although revenues per member increased 2%. Cash improved to £30m as inventories are reduced. The share price rebounded 15.1% to 51.9p.
Angle (LON: AGL) revealed new data for the dual ctDNA and CTC DNA analysis on the Illumina platform. What this shows is in 27 patients, eight of them had not been treated and showed clinical variants in circulating tumour cells not identified by ctDNA. These variants were also identified in some of the other patients. Illumina could sell Angle’s Parsortix liquid biopsy services to its existing users. The share price improved 15.1% to 15.25p.
A trading statement from vehicle interiors supplier CT Automotive (LON: CTA) led to slightly downgrades. Pre-tax profit will still be at least $8.6m, up from $8.3m in 2023. Revenues fell from $143m to $117m. Margins will improve as capacity utilisation increases. Although 2025 forecasts have been trimmed, pre-tax profit is still expected to improve to $10.5m. The share price recovered 13.6% to 33.5p.
Nostra Terra Oil & Gas (LON: NTOG) has renewed its $10m lending facility with WAFD Bank until January 2028. The share price increased 10.1% to 0.038p.
Aerospace components supplier Velocity Composites (LON: VEL) significantly increased US revenues and group revenues jumped from £16.4m to £23m in the year to October 2024. The underlying loss fell from £2.8m to £1.2m. There have been delays due to problem at Boeing, but there should be continued growth from new work. The UK operations will benefit from increasing Airbus production. Velocity Composites should breakeven this year. The share price rose 10.5% to 31.5p.
FALLERS
Cleaning services provider React (LON: REAT) grew full year revenues by 6% to £20.7m despite the ending of a rail contract because margins were going to be reduced. Pre-tax profit improved from £1.8m to £2.1m. Singer has trimmed expectations for the year to September 2025, but pre-tax profit is expected to rise to £2.8m, helped by an initial contribution from plumbing services provider Aquaflow. The share price declined 11.1% to 76.5p.
Shore Capital has increased its stake in United Oil & Gas (LON: UOG) from 11.8% to 12.2%. This follows the issue of 59.5 million shares to Rockhopper Exploration (LON: RKH) to settle an outstanding liability. The United Oil & Gas share price slipped 11.6% to 0.1025p.
A fair value write-down of legal cases by Litigation Capital Management (LON: LIT) offset gains from recent wins. The biggest write-down was for the Queensland Electricity trial that was lost. There was a swing to loss in the six months to December 2024. On the positive side, realisations were A$52m from A$14m invested. There have been fewer new cases signed up because of lack of business that meets the investment criteria. The share price fell 9.35% to 83.4p.
Clinical trials manager hVIVO (LON: HVO) is acquiring two clinical research units from Germany-based CRS for €10m. This will broaden the range of phase I and phase II trials that can be provided. Last year’s revenues were €19.9m and the acquisition should be earnings enhancing in 2026. The group order book is £67m and 2025 revenues guidance for hVIVO is £73m, up from £62.7m. Year-end cash was £44.2m. The market has reacted negatively, and the share price dipped 8.09% to 18.75p.