Mirriad Advertising (LON: MIRI) raised a further £100,000 via a retail offer at 0.01p/share. That takes the money raised to £1.6m. The share price recovered 26.1% to 0.0145p but it has still nearly halved over the past week.
Energy as a service provider eEnergy Group (LON: EAAS) has entered a partnership with US-based energy as a service provider Redaptive Inc, which will provide up to £100m to support new projects. eEnergy will project manage and deliver LED and solar on behalf of Redaptive customer base in Europe. These projects will be fully funded and eEnergy cash flow will improve. The current NatWest facility can only be used for public projects. The share price increased 22.2% to 6.05p.
Staff provider Staffline (LON: STAF) has won a new contract with food and drink logistics provider Culina that could be worth £300m over three years. This should commence in the summer. There will be initial implementation costs in 2025. Panmure Liberum has raised its 2025 pre-tax profit forecast from £5.3m to £6m. The 2026 estimate is increased from £5.7m to £8.3m. The share price is 15.4% to 31.4p, which is less than six times prospective 2026 earnings.
Solid State (LON: SOLI) has received a follow-on order for IOT technology worth $5.2m from a US customer. The technology is for smart vending machines. The delivery of the contract will continue to the end of calendar 2026. The share price improved 2.7% to 190p.
FALLERS
Mosman Oil and Gas (LON: MSMN) has raised £1.25m at 0.045p/share and could raise up to £300,000 more via a retail offer. The cash will finance helium projects in the US and Australia. Yesterday, the company announced that the Barclay-TH 295 106A well on the Billy Goat lease area flowed gas and the flow rate was 63mcf/day. Samples are being analysed to assess the composition of the gas. The share price slipped 20.5% to 0.0485p.
Shares in oil and gas producer Empyrean Energy (LON: EME) are falling for the third day in a row following the decision to plug and abandon the Wilson River-1 well. The share price fell a further 14.1% to 0.0275p and is down nearly three-quarters on the week.
Sunda Energy (LON: SNDA) has issued 3.13 billion shares at 0.03995p each on conversion of loan notes. There have also been 1.8 billion warrants issued, and they have an exercise price of 0.051935p. The share price slid 8.6% to 0.0425p.
Toys and hobbies supplier Character Group (LON: CCT) warns that the outlook for the second half is uncertain with worries about tariffs affecting customer decisions. Interim revenues declined 8% to £53m, but pre-tax profit was 2% higher at £2.11m. Net cash of £16.3m is nearly two-fifths of the market capitalisation. Allenby has withdrawn forecasts. The share price dipped 5.88% to 240p.