Electric Guitar (LON: ELEG) says subsidiary 3radical has won a campaign with Singapore-based media network Mediacorp. This follows a test period where 3radical’s Voco engagement platform was used to capture customer data on the Mediacorp website. The focus will be behavioural data. The share price rebounded 8.33% to 0.65p.
Telematics services provider Microlise (LON: SAAS) has secured a five-year contract renewal with JC Bamford up until September 2029. The technology enhances connectivity and diagnostic capabilities to improve productivity. The relationship has lasted 14 years. The share price rose 6.22% to 128p.
Exploration data services provider Getech (LON: GTC) interim revenues were 17% ahead at £2.2m and annualised recurring revenues are £2.9m. Even excluding exceptional costs, the loss was reduced from £2.19m to £733,000. The cash position was improved by the £1.7m fundraising in August. The full year loss should be lower and Getech could move back into profit in 2025. The share price improved 3.7% to 2.8p.
Challenger Energy (LON: CEG) has received Uruguay government approval for its OFF-1 farm out to Chevron. The deal should be completed within eight weeks and Chevron will pay $12.5m. Chevron will then become operator and start the seismic campaign in early 2025. These costs are covered by Chevron, which will own 60% with Challenger Energy holding 40%. There are three identified prospects on OFF-1. Zeus has a risked NAV of 28p/share. The share price increased 2.46% to 6.25p.
FALLERS
Spirits supplier Distil (LON: DIS) is raising £650,000 at 0.12p/share with non-exec Roland Grain subscribing £200,000 and Dr Graham Cooley £90,000. The shares come with placing warrants exercisable at 0.36p each. Allenby has been appointed as broker. The cash will fund promotion and production of stock. The share price slid 27.5% to 0.145p.
Vast Resources (LON: VAST) says that if A&T Investments takes enforcement procedures against a third party that has secured the $5.82m debt owed by Vast Resources this will not have any immediate effect on the business. Management is seeking ways of raising additional finance to settle debts. The share price slumped 24.4% to 0.0775p.
Smart sensing software developer Oxford Metrics (LON: OMG) has been hit by the weak video games sector and delays to business. Full year revenues will be between £40m and £42m, compared with £48.6m previously. Pre-tax profit of £7.78m was previously expected, but the outcome will be much lower. There is still £50m in the bank, which underpins the market capitalisation of £82.8m and provides funding potential acquisitions. The share price dived 20.5% to 63p.
Software and maintenance services provider Pennant International (LON: PEN) says that the UK strategic defence review has led to delays in training contracts. This part of the business is being reviewed with plans to focus on a software-led model. Interim revenues were 4% higher at £7.4m despite a decline in North American revenues because of the splitting up of a large Canadian contract. There was a move back into a modest profit. A new software product will be launched in early 2025. Cavendish still expects a full year loss of £400,000, but it is reviewing its 2025 figures. The share price declined 13% to 23.5p.