Digital marketing company Silver Bullet Data Services (LON: SBDS) has disappointed since it joined AIM, but the latest interim trading statement shows a 76% increase in revenues to £4.1m. That growth and reduced costs have helped to reduce the interim loss. The company is benefiting form the move to customer privacy-based marketing services. The share price recovered 31.6% to 37.5p, compared with a June 2021 placing price of 257p.
Galileo Resources (LON:GLR) says initial analysis has confirmed the presence of lithium mineralisation over a significant width in the first hole at the Kamativi project in Zimbabwe. Peak values include 4 metres@1% Li2O and other pegmatites have been identified with similar characteristics. Sales of the 4D contextual AI marketing service are building up. The share price jumped 16.7% to 1.225p.
Eco Atlantic Oil and Gas (LON: ECO) is acquiring a 60% operated interest in the Orinduik block, offshore Guyana from Tullow Oil. This adds to the exiting 15% stake. The initial payment is $700,000 with a $4m payment on a discovery and $10m on receipt of a production licence. There are also royalty payments of 1.75% on the 60% interest. The deal is subject to regulatory approval. The share price increased 12.3% to 16p.
SmartSpace Software (LON: SMRT) chief executive Frank Beechinor acquired 120,587 shares at 41.3p each, which more than doubles his shareholding. Two other directors also acquired shares. At around 40p each. The share price moved up by 9.52% to 46p.
FALLERS
Execution only broker Jarvis Investment Management (LON: JIM) is the worst performer on AIM falling 17% to 122.5p. Trading is below expectations and client numbers have reduced due to restrictions on Model B clients. A regulatory enquiry is requiring additional compliance processes. The quarterly interim dividend is 2.25p/share. Net cash was £5.2m at the end of July 2023. WH Ireland has reduced its 2023 pre-tax profit forecast from £7m to £6.6m, although that excludes the additional costs of the enquiry of around £500,00.
Silvercorp Metals Inc has sold 28.7 million shares in Celsius Resources (LON: CLA) at A$0.015223/share, reducing its stake to 12.15%. The share price declined 9.09% to 0.75p.
Allergy Therapeutics (LON: AGY) expects a 16% reduction in revenues for the year to June 2023. This was due to the pause in production during the year. The underlying loss before R&D and exceptionals is £13.3m, while it is £33.4m including R&D costs. There is £14.8m in cash after drawing down £26m of the loan facility. Sales are expected to be slightly lower this year as capacity is used for product for clinical trials. The share price fell 8.82% to 310p.
Cell-engineering company MaxCyte (LON: MXCT) reports a 6% decline in revenues to $9.04m and a 27% increase in loss of $10.5m. Delays in research projects hit the company. The share price slipped 8.82% to 310p.
Ex-dividends
Cenkos Securities (LON: CNKS) is paying a dividend of 3p a share and the share price fell 3.5p to 33.5p.
Greencoat Renewables (LON: GRP) is paying a dividend of 1.6 cents a share and the share price dipped 2.5 cents to 101.5 cents.
Quartix Holdings (LON: QTX) is paying an interim dividend of 1.5p a share and the share price is unchanged at 220p.
Rotala (LON: ROL) is paying an interim dividend of 0.5p a share and the share price slipped 0.5p to 44p.