Scirocco Energy (LON: SCIR) has more than made up for its share price dip earlier in the week following news from 50%-owned Energy Acquisitions Group, which owns an anaerobic digestion plant in Northern Ireland. This generated EBITDA of £602,000 in the year to September 2022, which is after the costs of facility upgrades and the running costs of Energy Acquisitions Group. The cash generated can help to fund further acquisitions. Scirocco Energy is selling its oil and gas interests. The share price jumped 24.3% to 0.23p
Echo Energy (LON: ECHO) shares improved 13.7% to 0.29p, after two-thirds of bondholders voted for the proposed restructuring. If shareholders approve €15m of bonds will be converted into shares at 76.4% premium to yesterday’s closing price.
Invinity Energy Systems (LON: IES) is having a good week. It previously announced a sale of a system and today it has won a California Energy Commission project as part of a consortium developing a large solar-plus-storage microgrid. Invinity Energy Systems will provide a 10MWh vanadium flow battery system. Delivery is expected in 2023. There is also a new relationship with US Vanadium, which could lead to a joint venture. The share price is 14.6% higher at 31.5p and it is one of the best performers of the week so far.
Gaming machine hardware and software supplier Quixant (LON: QXT) had a strong third quarter and this has sparked a second 2022 upgrade this year. finnCap has increased forecast revenues from $109.1m to $115.1m, while earnings estimates are one-fifth higher at 11.9 cents a share. This is further confirmation that demand is strengthening now that casinos are back up and running and there is good visibility for the rest of the year. The share price is 7% ahead at 175p.
Data analysis software provider WANdisco (LON: WAND) has generated bookings of $61.2m so far this year with the majority coming in the third quarter. This is already higher than expectations for the full year and there is more to come. There was $26.3m in the bank at the end of September 2022, helped by upfront cash payments on contracts. Losses continue and that cash could be almost used up by the end of 2023. The share price is 4.9% higher at 482.5p.
Spirits supplier Distil (LON: DIS) has changed its model to direct selling the major UK customers and using distributors for the rest. This resulted in a sharply increased loss in the six months to September 2022. Alex Baker has joined as commercial director, having been with the previous distributor. Net cash is £950,000. Any profit generated in the second half will not be enough to cover the interim loss. The share price slumped 19.1% to 0.85p.
Georgia-based oil and gas producer Block Energy (LON: BLOE) shares fell 13.5% to 1.925p a share after its third quarter figures. Third quarter production and revenues were lower than the same period last year, partly due to maintenance stoppages and lack of power supply. There is $1.1m in the bank
Artemis Resources (LON: ARV) has announced a new resource for the Greater Carlow project in Western Australia. Even so, the share price fell 9.48% to 2.625p. There are 704,000 ounces of gold equivalent (gold, copper and cobalt) at an average grade of 2.5g/t. This is a significant improvement on previous resource estimates. The gold grade increases at depth. There is further potential for increasing the resource.
Anglo Asian Mining (LON: AAZ) produced 43,081 gold equivalent ounces in the first nine months of 2022, down from 48,487 ounces in the same period last year. Full year production should be between 54,000 and 58,000 ounces. After paying the final dividend there was still cash of $15.3m. The 3.559p a share interim dividend will be paid on 3 November. The share price fell 3.76% to 64p.
Ex-dividends
Caledonia Mining Corporation (LON: CMCL) is paying a dividend of 14 cents a share and the share price is 15p lower at 910p.
Cenkos Securities (LON: CNKS) is paying an interim dividend of 1p a share and the share price is unchanged at 45p.
Crestchic (LON: LOAD) is paying an interim dividend of 1.33p a share and the share price fell 10p to 255p.
Facilities by ADF (LON: ADF) is paying an interim dividend of 0.46p a share and the share price is 0.5p lower at 42.75p.
i3 Energy (LON: I3E) is paying a dividend of 0.14p a share and the share price has fallen 0.425p to 23.725p.
Inspired Energy (LON: INSE) is paying an interim dividend of 0.13p a share and the share price is unchanged at 11.15p.
MP Evans (LON: MPE) is paying an interim dividend of 12.5p a share and the share price is 27p down at 823p.
