SRT Marine Systems (LON: SRT) has signed a $180m (£145m) contract to supply a maritime surveillance and intelligence system to a national coastguard. This deal was initially announced in March. The initial project will take two years and generate £123m. finnCap forecasts a 2023-24 pre-tax profit of £7.3m, increasing to £11.8m the following year. The share price jumped 18.5% to 54.5p.
MyHealthChecked (LON: MHC) is launching an extended range of self-testing products in Boots. Fourteen different test panels will launch this month with a further six to come. They cover areas such as food intolerance and thyroid function. The initial launch will be online, but they will also be sold in 120 stores. The six later tests will be sold in 800 stores. The initial agreement lasts until 17 May 2024. The share price rose 13.6% to 25p.
Kibo Energy (LON: KIBO) says that its listed subsidiary Mast Energy Developments (LON: MAST) has secured a new institutional investor for a joint venture to develop flexible power projects. The Mast Energy Developments share price is 65.7% higher at 1.45p. This helped the Kibo Mining share price improve 7.69% to 0.07p. Progress is also being made by Kibo Mining on the development of the Mbeya power project.
The Purplebricks (LON: PURP) share price has recovered 8.78% to 0.805p. following news that it is selling its business for £1 and assets to Strike Ltd and cancelling its AIM quotation. That leaves £5.5m in cash, but costs will reduce that to around £2m, which is slightly below the market capitalisation.
Mirada (LON: MIRA) has set out plans to cancel its AIM quotations. The IPTV technology provider has been quoted for more than two decades, but a large shareholder with 87.2% has limited liquidity and investor interest. The main lender to Mirada is also related to the main shareholder. This means that the cancellation will happen, and the shares will then be traded by JP Jenkins. That should save costs of $470,000/year. The share price dived 31.6% to 13p.
Shares in IQE (LON: IQE) fell 14.3% to 20.125p after it raised £30m at 20p a share. The semiconductor wafers manufacturer is also trying to raise up to £3m more from a REX retail offer that closes at 5pm today. In 2022, group revenues grew by 9% to £167.5m, while the loss jumped from £22.2m to £75.4m. That includes £68.5m of impairment charges, up from £7.4m the previous year. Costs are being reduced and the cash will provide working capital and fund development spending on newer markets, such as power electronics and MicroLED display.
Mark Thompson has stepped down as executive vice chairman of Tungsten West (LON: TUN) now that the financing has been completed. The share price declined 11.8% to 3.75p.
Professional services provider Christie Group (LON: CTG) shares fell 8.33% to 137.5p after it warned that there would be a heavy second half bias to figures. Transactions are taking longer to complete and will not happen in the first half. These include sales of dental, pharmacy and care home assets. Management believes that it can still achieve a full year pre-tax profit of £4.8m, up from £4.4m, which puts the shares on ten times prospective earnings.
Ex-dividends
Advanced Medical Solutions (LON: AMS) is paying a final dividend of 1.51p a share and the share price fell 3.25p to 249.75p.
Churchill China (LON: CHH) is paying a final dividend of 21p a share and the share price is 10p lower at 1360p.
Eleco (LON: ELCO) is paying a final dividend of 0.5p a share and the share price is unchanged at 82p.
Fintel (LON: FNTL) is paying a final dividend of 2.25p a share and the share price is 1.25p higher at 198.25p.
FRP Advisory (LON: FRP) is paying a dividend of 0.85p a share and the share price is unchanged at 112p.
H&T Group (LON: HAT) is paying a final dividend of 10p a share and the share price is down 3p to 431p.
Holders Technology (LON: HDT) is paying a final dividend of 0.5p a share and the share price is unchanged at 76p.
Jarvis Investment Management (LON: JIM) is paying a dividend of 3.5p a share and the share price is 2.5p lower at 157.5p.
Numis Corporation (LON: NUM) is paying an interim dividend of 6p a share and the share price declined by 5.25p to 334.25p.
Science Group (LON: SAG) is paying a final dividend of 5p a share and the share price fell 9p to 395p.
Vector Capital (LON: VCAP) is paying a final dividend of 1.53p a share and the share price slipped 0.5p to 39p.
