Drug development services provider Proteome Sciences (LON: PRM) has won a £500,000 contract from a US biopharma company. This is for mass spectrometry services for the analysis of samples for an ongoing critical trial. There is an increased interest in the services. There are four buys this morning. The share price rose 18.2% to 4.15p.
Molecular Energies (LON: MEN) ends its AIM stay on 29 April, so today is the last day of trading. The share price has improved 7.14% to 7.5p, which is 90% lower than at the beginning of 2024.
Kibo Energy (LON: KIBO) has a 55% stake in associated company Mast Energy Developments (LON: MAST), which says that its 9MW Pyebridge flexible power plant has passed its performance requirements, and it will make £308,000 of gross profit. A second phase will increase capacity and profit contribution. Kibo Energy shares are 6.67% ahead at 0.04p, while standard listed Mast Energy Developments is one-third higher at 0.5p.
Vehicles provider for film and TV productions Facilities by ADF (LON: ADF) was hit by the writers’ strike in 2023 and pre-tax profit fell from £4.8m to £900,000. Capital spending was delayed, although net debt increased to £12.9m. There has been a slow start to 2024 as schedules are rearranged. Pre-tax profit could still bounce back to £5m this year. The share price recovered 5.1% to 51.5p.
FALLERS
Aukett Swanke (LON: AUK) says that there have been delays in contracts starting, but the architecture and interior design services is more optimistic about the second half. A first half loss should be partly offset by the profit in the second half. The share price slipped 12.9% to 1.35p.
Trinity Exploration & Production (LON: TRIN) produced 2,670 barrels of oil/day, which is 2.5% down on the previous quarter. The Jacobin well has a sand blockage. The sales price was $69.90/barrel. There was cash of $8.6m at the end of March. Full year production guidance is maintained at 2,600-2,700 barrels/day. Tax changes should improve cash generation. The share price fell 7.69% to 36p.
Brickability Group (LON: BRCK) says fourth quarter trading was in line with expectations. Demand for bricks and building products continues to be depressed. Full year revenues were £594m, which 18% lower like-for-like. EBITDA should be at least £44.8m. The share price is 2.94% lower at 17.5p.
Thruvision Group (LON: THRU) generated 2023-24 revenues will be around £7.8m, down from £12.4m. A Large US Customs and Border Protection contract was not repeated. The security technology developer improved gross margin to 53%. The EBITDA loss was £2.5m. There was £4.1m in the bank at the end of March 2024. The share price dipped 2.78% to 17.5p.
