The recommended purchase price for the Tribal Group (LON: TRB) education software and services businesses has been increased from £189.3m to £231.2m, which is equivalent to 105p/share. This has added irrevocable undertakings from additional institutions to vote in favour of the deal. This will take acceptances to 52.7%. The general meeting is on 2 October. The share price jumped 18.5% to 99.3p.
Strategic Minerals (LON: SML) has received $9.25m of funding from the US Department of War to accelerate development of the Redmoor tungsten copper tin project in Cornwall. It will finance feasibility studies for the project which is one of the highest grade tungsten projects in the world. The share price gained 10.5% to 5.8p.
Tower Resources (LON: TRP) says the farmout deal for the PEL96 licence in Namibia is awaiting the signature of the minister. The Thali licence extension in Cameroon has Presidential approval. The energy company had cash of $67,000 at the m end of June 2026 and subsequently raised £325,000. The share price increased 11.1% to 0.015p.
Winvia Entertainment (LON: WVIA) is acquiring Giveaway Guys and Win Life Competitions, which operate prize draws, for up to £19.1m depending on achievement of EBITDA of £4.25m in the year to June 2026. There is also a potential earnout of 2.1 times EBITDA minus deferred consideration already paid. Winvia Entertainment generated interim revenues of £106.9m and pre-tax profit of £12.9m. The share price rose 11.1% to 275p.
FALLERS
Metir (LON: MET) interim revenues fell from £919,000 to £367,000 because of lower equipment sales and interruption to production of testing kits. The environmental testing business also had higher operating costs, so the loss increased from £304,000 to £543,000. Full year revenues are likely to be lower than last year with some delayed into 2027. The share price dived 46.2% to 0.35p.
TomCo Energy (LON: TOM) has raised £700,000 at 0.025p/share. This provides additional working capital. The share price slumped 34.6% to 0.0255p.
Checkit (LON: CKT) has ended its formal sale process after a potential buyer that met price expectations decided not to go ahead because the business fit was not good enough. Software company Checkit believes it is better off staying independent. Interim revenues were 3% higher at £6.3m, and the underlying loss was more than halved to £700,000. Annual recurring revenues were 5% ahead £12.8m. The share price declined 31.1% to 15.5p.
Oil and gas producer Block Energy (LON: BLOE) reported a decrease in interim revenues from $3.38m to $2.89m, because of lower production in Georgia, while the loss was slightly higher at $659,000. Mature fields production is declining. Longer-term there are significant prospects for projects in Georgia and Gabon. The share price slipped 18% to 0.8p.