SkinBioTherapeutics (LON: SBTX) has received the final conversion notice from Macquarie for £480,000 of bonds. There will be 5.85 million shares issued at 8.207064p/share. There will be no more drawings on this facility. The share price improved 15.1% to 10.475p.
Deltic Energy (LON: DELT) says that the Valaris 123 drilling unit is on route to the Selene well location in the North Sea. Shell is the operator and Deltic Energy has a 25% working interest and it is carried for up to $49m of well costs. The share price is 9.3% higher at 11.75p.
Investor platform operator ADVFN (LON: AFN) has launched its easy-to-use AI tool that enhances investor decision making. Phase two has started and involves the rollout of enhancements to additional countries. That will be followed by further enhancements of the platform. A new mobile app is being tested and should be released by the end of the third quarter. The share price is up 7.69% to 14p.
Promotional goods platform Altitude Group (LON: ALT) says full year EBITDA will be £2.4m, compared with the forecast of £2.2m, even though revenues were lower than expected. First quarter trading is strong. The share price increased 6.98% to 46p.
Transport analytics provider Cordel (LON: CRDL) says revenues were at least £4.4m in the year to June 2024, up from £3m. Further growth is expected this year, and the focus is profitability. Cash was £1.02m at the end of June 2024. Cavendish has been appointed broker. The share price rose 5.56% to 4.75p.
FALLERS
Seaweed-based animal feed producer Ocean Harvest Technology (LON: OHT) says interim revenues declined 46% to €950,000 and full year forecast revenues will be well below the previously expected level of €6.1m. Forecasts are under review. Two major accounts have not placed orders this year due to their high inventories. There will be an update on prospects in the interim announcement in September. The share price dived 32.6% to 7.75p.
Early selling pushed down the Silver Bullet Data Services (LON: SBDS) share price by 21.1% to 75p.
Energy supplier Yu Group (LON: YU.) increased revenues by 60% in the first half and cash has increased to £86.8m, but the share price is 12.4% lower at 1655p. Lower prices mean that monthly average bookings have declined by 9% and that will hit operating margins. These factors mean that SP Angel is keeping its full year pre-tax profit forecast at £44.5m even though interim revenues grew much faster than expected.
Podcast platform Audioboom (LON: BOOM) reported flat revenues of $17.1m in the third quarter and EBITDA was positive. There was a decline in gross margin due to the end of the peak advertising related to the US fantasy sport season. Net cash is $3.5m. Cavendish is maintaining its full year forecast revenues of $78.8m and a pre-tax profit of $900,000. The share price fell 9.4% to 226.5p.
Zephyr Energy (LON: ZPHR) has completed the initial phase of testing of the State 36-2R LNW-CC well in the Paradox Basin, US. Peak production rates were 1,350 barrels of equivalent/day even though the well was choked back and constrained. There is a higher condensate yield than nearby wells and this will be attractive to Utah refineries. There is little water production. However, the natural fracture network may be partially obstructed. Zephyr Energy will try to remove drilling mud emulsions that could be blocking the fracture and that will cost a few hundred thousand dollars. The share price dipped 8.6% to 4.25p, but it is still 57% higher this year.