Electric Guitar (LON: ELEG) is considering acquisitions in the energy and AI sectors. The creditors voluntary arrangement shares have yet to be issued as the supervisor of the CVA is working through claims. The share price rebounded 84.2% to 0.0875p.
Electronic components and systems supplier Solid State (LON: SOLI) is expecting better than forecast pre-tax profit of £4.25m in the year to March 2025. Product mix has improved gross margins and costs have been reduced. The order book is worth £108.5m and 90% should be delivered this year. The share price jumped 16.4% to 195p.
IG Design (LON: IGR) is considering the future of its North American business and it may decide to concentrate on its other operations. One of the major US customers has filed for bankruptcy protection. Trading was in line with expectations in the year to March with net cash of $84m at the year end. A small pre-tax profit is expected. The share price recovered 11.9% to 55.5p.
Kettle controls and appliances supplier Strix (LON: KETL) did slightly better than in 2024 than the guidance earlier this year with net debt reducing to £63.7m. Underlying pre-tax profit dipped from £22.3m to £18.5m on flat revenues of £144m. The US is a small percentage of business and UK and German consumer confidence are more important to the prospects. The share price rose 9.72% to 46.575p.
FALLERS
GeninCode (LON: GENI) says there are outstanding elements in the De Novo submission to the Food and Drug Administration for CARDIO inCode-Score. These relate to clinical validation, which will be addressed. A supervisory review has begun, and the company is in discussions with the FDA. This will extend the time to generating revenues in the US. The share price slumped 38.3% to 1.45p.
Celadon Pharmaceuticals (LON: CEL) has still not received funds under the secured credit facility. There is enough cash to continuing trading until May, but administration is a possibility. The share price slid 23.1% to 5p.
Galantas Gold (LON: GAL) had cash of $526,000 following an outflow from operating activities of $1.1m in 2024. The share price fell 14.3% to 3p.
Consumer ecommerce business Huddled Group (LON: HUD) increased first quarter revenues from £2.1m to £4.4m, but Discount Dragon revenues fell 19% due to stock clearance in January and the refocus on the Nutricircle and Boop Beauty businesses, where revenues grew. The warehouse expansion will be completed in the second quarter. The share price slipped 8.97% to 3.55p.