Helium One Global (LON: HE1) says the Itumbula West-1 has reached its total depth of 961 metres and elevated helium shows have been consistently measured. The helium shows increased in frequency and concentration in fault zones. Formulation evaluation will be done and then drill stem testing across zones of interest. The share price jumped 58.4% to 0.305p.
United Oil & Gas (LON: UOG) has confirmed the two-year extension of the exploration licence period at the Walton Morant project offshore Jamaica until January 2026. The potential NPV10 is $23bn. The share price recovered 10.3% to 0.375p.
Radiation and bio-detection systems supplier Kromek (LON: KMK) has received an order of ore than £1.4m to supply D3M detectors and associated networkable services and this will be fulfilled in the current financial year. The detectors are for the rescEU stockpile that the European Commission is building up to respond to chemical and nuclear risks. The share price is 6.67% higher at 5.6p.
Animalcare (LON: ANCR) returned to growth in 2023 with revenues of £74.4m. Underlying EBITDA will be similar to the £13.1m achieved in 2022. The animal health company moved back into a net cash position. The share price rose 6.1% to 182.5p.
FALLERS
Synergia Energy (LON: SYN) has added a resolution at the upcoming general meeting on 15 February. If approved, this will allow the board to issue up to 2.75 billion shares. The share price dipped 18.9% to 0.075p.
Newmark Security (LON: NWT) interims show a 2% dip in revenues to £10.4m and it remains loss making in the first half. Access control division Grosvenor Technology increased recurring revenues by 77% to £2.3m. This is higher gross margin and will help Newmark Security move back into profit. Net debt is £5.6m. The share price declined 17.6% to 75p.
Cloud-based data analytics software company Rosslyn Data Technologies (LON: RDT) generated flat revenues of £1.4m in the six months to October 2023. Monthly cash burn increased to £276,000. Management is in discussions with new partners that will help it to grow. The significant increases in revenues are expected next year. The share price fell 13.1% to 18.25p, but it is still one-third ahead in 2024.
Titon Holdings (LON: TON) reported full year results in line with expectations and the window ventilation components supplier could move back into profit this year. A new chief executive will start in April. First quarter sales were lower than the same period in the previous year, but there is potential for recovery if interest rates start to fall. The share price slipped 11.1% to 80p.
Security systems supplier Petards (LON: PEG) says 2023 revenues were slightly worse than expected at £9.4m, although there was growth in revenues in the second half. Net cash is £1.2m. The full year loss is likely to be £600,000 and next year it could move back into profit. The share price is 10.3% lower at 3.5p.
Ex-dividends
Brickability (LON: BRCK) is paying an interim dividend of 1.07p/share and the share price slipped 0.3p to 60.7p.
RWS (LON: RWS) is paying a final dividend of 9.8p/share and the share price fell 17p to 231.4p.
Solid State (LON: SOLI) is paying an interim dividend of 7p/share and the share price is 20p lower at 1300p.
Tracsis (LON: TRCS) is paying a final dividend of 1.2p/share and the share price is unchanged at 870p.
