Serinus Energy (LON: SENX) has won a legal case against the Romanian tax authorities over VAT refunds. The company has been awarded a VAT refund of $1.73m for 2018 and 2019, as well as interest of $750,000. This has to be paid within 45 days. The Romanian operation is loss-making, but there are gas projects that could be developed. The 2024 results are due to be published in March and there should be news concerning how the money will be invested in the business. The share price jumped 27.1% to 3.05p.
Transense Technologies (LON: TRT) has secured a new distribution agreement with Haltec Corporation, a US tyre valve company focused on mining, truck and aviation sectors. Translogik sensors will be integrated with Haltec Go software. This helps to under pin the forecast 26% growth in Translogik revenues to £1.4m in 2024-25 and 43% growth to £2m in 2025-26. The share price increased 5.08% to 155p.
Shield Therapeutics (LON: STX) chief executive Anders Lundstrom bought 575,000 shares at 3.7p each, taking his stake to 585,000 shares. The share price recovered 5.26% to 4p.
LBG Media (LON: LBG) non-executive director Carol Kane has acquired 46,844 shares at 106.5p each. She owns 0.4% of the digital media company. The share price improved 3.81% to 109p.
Mineral sands developer Capital Metals (LON: CMET) has renamed the Eastern Minerals project in Sri Lanka as the Taprobane minerals project. The Geological Survey and Mines Bureau will provide technical services for the latest resampling and drilling programme. This should increase the resource and help with designing the mine. A final investment decision is expected in the second quarter. Construction would then take up to 12 months. The share price edged up 3.45% to 1.5p.
FALLERS
Healthcare services provider Totally (LON: TLY) has lost the NHS 111 Resilience support contract. The 12-month contract was worth around £13m and it ends on 15 February. This is due to the ending of national services for excess demand. Totally is still expected to make a pre-tax profit of £700,000 for the year to March 2025, but Canaccord Genuity has cut its 2025-26 forecast from £1.6m to £700,000. The 10-year government plan for the NHS should be published in the spring. The share price slumped 21.1% to 5.25p.
Proton Motor Power Systems (LON: PPS) leaves AIM on 17 February. The share price slipped 14.3% to 0.15p.
Fiinu (LON: BANK) has raised £1.25m at 10p/share. The company says that there was market demand for a share issue and cash will finance further development of the Plugin Overdraft as a white label product. The share price fell 14% to 10.75p.
Deutsche Bank has downgraded its Mortgage Advice Bureau (LON: MAB1) recommendation from buy to hold. The target share price is 900p. The share price is 2.56% lower at 875p.