Broadcast technology supplier Pebble Beach Systems (LON: PEB) increased interim revenues by 13% to £5.9m and margins have improved due to cost cutting. Order intake was one-third higher. Cavendish has raised its full year pre-tax profit forecast from £1.9m to £2.4m on maintained expected revenues of £11.5m. The share price rebounded 52.8% to 13.75p.
Telematics services provider Quartix Technologies (LON: QTX) reported interim in line with the recent trading statement. Revenues were 10% ahead at £17.6m and pre-tax profit was 36% ahead at £3.6m. Zeus has upgraded for the third time this year. The new 2025 pre-tax profit forecast is £7.1m. The share price increased 8.16% to 265p.
EnergyPathways (LON: EPP) has engaged Costain to assess onshore facility options for the MESH project in the North Sea. The share price improved 7.61% to 4.95p.
Payments services provider Boku (LON: BOKU) increased interim revenues by one-third to at least $63m, with the fastest growth coming from digital wallets. There was also the benefit of higher pricing for a client during a launch phase. Stripping that out, the growth was 27%. Own cash was 16% higher at $87m. Full year pre-tax profit is expected to be $33.8m. The share price rose 6.97% to 222.5p.
Floorcoverings manufacturer Victoria (LON: VCP) reported full year results ahead of expectations. In the year to March 2025, revenues fell from £1.23bn to £1.12bn. There were declines in all regions. Gross margins have started to recover, but underlying operating profit fell from £73m to £29.5m. That is before £255m of one-off write downs and costs. A modest improvement in profit on flat revenues is anticipated this year. Net debt was £1.18bn at the end of March 2025. Senior secured debt is being refinanced so that the maturity extends to 2029, although the interest rate will be raised. The share price improved 1.29% to 74.55p, although it was near to 85p earlier in the day.
FALLERS
Judges Scientific (LON: JDG) says organic growth of interim revenues was 7%, helped by a Geotek coring contract. However, profit has declined because of US government cuts to research funding. There were also problems with other businesses. Full year earnings guidance is between 285p and 330p/share, compared with previous expectations of more than 360p/share. The share price slumped 16.2% to 6620p.
South American mining company Nativo Resources (LON: NTVO) says delays in receiving shareholder approval for bond restructuring plans means that it is technically in default. The adjourned shareholder meeting, which was not previously quorate, will be held on 30 July. Nativo Resources intends to have a digital asset treasury policy so that a portion of cash generated will be used to acquire Bitcoin. The share price slipped 9.09% to 0.25p.
IT services provider SysGroup (LON: SYS) reported a 10% drop in revenues in the year to March 2025 due to weaker hosting services income and the shedding of lower margin work. Pre-tax profit declined by two-thirds to £300,000. Customers are delaying spending on projects. Zeus has cut its 2025-26 pre-tax profit forecast from £1.3m to £400,000 due to lower revenues and margins. The share price dipped 7.5% to 18.5p.
GEO Exploration (LON: GEO) has completed the electrical geophysical programmes at the Juno project and this has upgraded the project on an IRGS perspective. Maiden drilling will start by the end of September. The share price declined 5.26% to 0.18p.
Ex-dividends
Celebrus Technologies (LON: CLBS) is paying a final dividend of 2.32p/share and the share price slipped 2.5p to 175p.
Calnex Solutions (LON: CLX) is paying a final dividend of 0.62p/share and the share price is unchanged at 49.2p.
Creightons (LON: CRL) is paying a final dividend of 0.5p/share and the share price fell 1p to 35.5p.
Facilities by ADF (LON: ADF) is paying a final dividend of 0.9p/share and the share price declined 0.5p to 21p.
Synectics (LON: SNX) is paying an interim dividend of 2.2p/share and the share price dipped 5p to 310p.
Touchstar (LON: TST) is paying a final dividend of 1.5p/share and the share price is unchanged at 90.5p.
M Winkworth (LON: WINK) is paying a dividend of 3.3p/share and the share price is unchanged at 208p.