Trading recommenced in MobilityOne Ltd (LON: MBO) shares after publication of the 2025 accounts and interims for the six months to June 2026. Interim revenues were 2% lower at £113.7m, while the loss was reduced from £1.14m to £1.02m. Cash was £3.03m. Management is cautious about the outlook. The proposed joint venture with Super Apps Holdings should complete soon and MobilityOne will receive a payment of £6.84m. The share price rebounded 25.9% to 8.5p.
Pennant International (LON: PEN) has already exceeded its year-end annualised recurring revenues target of £3m. The latest Auxilium systems support software contracts will generate more than $300,000 per annum, taking the annualised total to £3.1m. The share price moved up 6.67% to 32p.
ECR Minerals (LON: ECR) has amended the deferred payment for its 50% stake in the Maddens gold project in North Queensland. The A$2m payment was due in November, but instead it will be paid out of gold production and sales. Production should start shortly. The share price rose 6.45% to 0.165p.
Helios Underwriting (LON: HUW) is launching a £7.2m tender offer at 269p/share, which is based on the latest NAV, which is expected to increase in the second half. A 10p/share interim dividend has also been declared. There are good underwriting conditions in the Lloyd’s market. Interim pre-tax profit jumped from £4.4m to £11m. The share price improved 3.94% to 237.5p.
FALLERS
Diagnostics developer GENinCode (LON: GENI) is finalising the FDA filing for CARDIO inCode-Score, which produces a risk score for coronary artery disease. This should be filed by the end of November, and an EU filing will follow. Both could be approved in the first half of 2027. The deal with Thermo Fisher means that once approvals are gained sales can start soon after. Interim revenues fell from £1.6m to £1.1m due lack of NHS spending and a Spanish pilot trial in the first half of last year. The cash outflow from operating activities was £3.05m. Following a £4.3m fundraising in February, cash was £2m at the end of June 2026. More cash is likely to be required and while non-dilutive financing is a possibility, it may be in the form of a share issue. The share price declined 17.1% to 0.725p, having been as low as 0.65p.
Beowulf Mining (LON: BEM) has not been able to obtain clarity on the timing of the Swedish Inspectorate of Strategic Products review of the strategic investment of £4.3m by Bacchus Capital & Affiliates. The investor does not want to extend the long-stop date for the investment and will reengage if approval is received. Alumni Capital has agreed to an extension to the end of 2026 for a £30,000 fee. There is potential interim funding of £110,000 in the form of convertibles. The share price slipped 16% to 5.25p.
Technology investment company Tekcapital (LON: TEK) has raised £550,000 at 2.25p/share to fund the continuation of its investment strategy. Management is hopeful that there will be a significant increase in shareholder value of the next 12 months as the portfolio companies make progress. The share price fell 15.5% to 2.45p.
Critical minerals explorer Rome Resources (LON: RMR) has received a subscription of £787.500 at 0.175p/share from existing shareholders. This will finance preparation for the next drilling campaign at the Bisie North project in the DRC. The share price dipped 13.6% to 0.19p.
Offshore energy coatings provider Tekmar Group (LON: TGP) continued to grow volumes in the second half, but fourth quarter delays have reduced forecast revenues by 10% to £34.6m. The loss will be £2.2m. There should still be a return to profit in 2026-27. The share price is 10.2% lower at 11p.