Parkmead (LON: PMG) has been formally awarded the UK offshore licence P2634. This is situated in the Outer Moray Firth. Orcadian Energy (LON: ORCA) is the joint venture partner. There will be an assessment of whether a commercial development can be made and gain regulatory approval. The Parkmead share price rose 19.2% to 14p.
Publishing software and services provider Ingenta (LON: ING) has won three new contracts. Two of these are follow-on contracts with existing customers. These are multi-year contracts worth mor than £500,000. The largest contract is a three-year deal to migrate, host and support an existing customer’s Vista deployment onto Ingenta’s dedicated infrastructure. This worth £1.4m over three years. The share price increased 7.14% to 127.5p.
Digital advertising services provider Dianomi (LON: DNM) has more than clawed back yesterday’s loss following the trading statement. Interim revenues were flat, but gross margins dipped to 26%. Overheads were reduced and profitability was similar to the second half of 2023. There was £8.1m in the bank. There is still uncertainty about the timing of contracts. The share price is 9% ahead at 60.5p.
Steel structures supplier Billington (LON: BILN) shareholder Gutenga Investments has sold 1.86 million shares, reducing its stake to 20%. Charles Stanley has increased its stake from 4.93% to 9.93%. The share price is 3.06% higher at 505p.
FALLERS
Semiconductor designer Sondrel (LON: SND) shares continue to fall following the return from suspension after publication of 2023 accounts. This is ahead of the proposed general meeting vote to cancel the AIM quotation. The share price is 13.3% lower at 3.25p.
SIMEC Atlantis Energy (LON: SAE) lost the AGM vote to dis-apply pre-emption rights. There were 97.1% of the votes against the proposal. The share price declined 5.08% to 2.8p.
There was further profit taking in chain and transmission equipment manufacturer Renold (LON: RNO) after it beat upgraded full year expectations and there was a pre-tax profit upgrade to £22.8m for the year to March 2025. The share price fell 5.31% to 51.7p.