STM Group (LON: STM) has received a potential cash offer of 70p/share from pensions company PSF Capital GP II Ltd. The Gibraltar-based cross border financial services provider has agreed in principle to this offer. The share price has not been that high for five years. There are a number of regulatory hurdles that will have to be negotiated before the bid can be completed, so even if a bid is announced it may take a while to go unconditional. The share price jumped 72.7% to 47.5p, having been above 57p earlier in the day.
Gold explorer Panthera Resources (LON: PAT) is varying the services agreement with chief executive Mark Bolton. He will be granted three million options that are exercisable at 10p/share. The options are subject to the grant of the Bhukia prospecting licence and drilling permits, plus the securing of litigation finance of a minimum of $5m to pursue a claim under the Australia India Bilateral Investment Treaty. The share price is 11.1% higher at 7.5p.
Healthcare investment company Intuitive Investments Group (LON: IIG) is calling a general meeting and publishing a prospectus to enable a move to the Specialist Funds Segment. Existing shareholders are being offered the chance to realise some or all of their shareholding through a tender offer for 17.4% of the share capital at 5.25p/share. This could cost up to £675,000. The investment strategy will be adapted. The share price is 10% ahead at 5.5p.
D4T4 Solutions (LON: D4T4) improved its full year pre-tax profit from £3.2m to £3.7m. There were delayed orders that will come through this year. The data management and analysis company is expected to significantly increase pre-tax profit to £5.3m this year, although a higher tax charge will hold back earnings growth. The share price rose 6.98% to 168.5p.
Empire Metals (LON: EEE) has secured more information confirming titanium mineral at Pitfield in Western Australia. New 3D magnetics shows the anomaly extends at least 6km below surface. The share price improved 6.67% to 2.4p.
Angus Energy (LON: ANGS) is continuing negotiations for proposed £6m bridge facility. This will close out hedges relating to late production and develop storage facilities at Saltfleetby gas field in Lincolnshire. The share price declined 8.82% to 0.775p.
Totally (LON: TLY) shares continue to decline following the results yesterday when the healthcare services provider warns that this year will be tougher. David and Monique Newlands have reduced their shareholding from 5.14% to 3.2%. The share price slipped a further 7.84% to 11.75p. That is the lowest level for more than three years.
Online fashion retailer Sosandar (LON: SOS) moved into profit in the year to March 2023. Revenues jumped from £29.5m to £42.5m, while the pre-tax profit was £1.6m. Profit could double this year and the strong balance sheet can finance the working capital required for growth. Even so, the share price fell 4.95% to 24p.
