Sancus Lending (LON: LEND) has agreed an extension of the redemption date for preference shares from 23 November 2026 to 11 February 2031. They will no longer be at a fixed interest rate of 15% and instead there will be a floating rate. Some will be redesignated as Euro preference. The preference shares holder will also subscribe for £750,000 of bonds. Sancus Lending reported a 2025 pre-tax profit of £1.2m, including gains of £2.6m on buying back some zero dividend preference shares. The share price jumped 43.8% to 1.15p.
Strategic Minerals (LON: SML) is raising £4.7m at 3.5p/share and despite the discount the share price gained 11.9% to 4.7p. A prominent international investor approached the company. The cash will be spent on the Redmoor Tungsten-Tin-Copper project in Cornwall.
Video games publisher and distributor tinyBuild (LON: TBLD) grew 2025 revenues by 17% and gross profit by 59%. Revenues were slightly below expectations, but EBITDA was higher than expected at $5.6m. The company has seven titles in the Steam Top 200 Wishlist Chart. Net cash if $4.6m. The share price rebounded 8% to 6.75p.
Eco Animal Health (LON: EAH) says revenues will grow 8% in 2025-26 and EBITDA will be much better than expected. Latin America revenues recovered and North America did better than expected. Gross margins have improved. New product launches should help revenues to continue to grow. The share price increased 7.25% to 103.5p.
Stephen Lucas has increased his stake in bars and escape rooms operator XP Factory (LON: XPF) from 4.92% to 6.21%. The share price recovered 6.98% to 11.5p.
Africa-focused oil and gas company Afentra (LON: AET), along with Sonangol and Etablissements Maurel & Prom S.A., is jointly acquiring Etu Energias’ 10% stake in block 3/05 and 13.33% stake in block 3/05A in Angola. Afentra will buy 3.33% and 3.66% of these bocks respectively. This will cost $15.2m, plus contingent consideration of up to $6.74m. The effective date of the transaction will be the end of 2023. Afentra has also launched a strategic review following bid approaches. The share price rose 6.38% to 71.7p.
FALLERS
Shares in Galantas Gold (LON: GAL) slipped 17.8% to 30p following yesterday’s announcement that it had started the first drill programme at the Indiana gold project in Chile. There are 17 holes planned.
Catenai (LON: CTAI) investee company Alludium has secured its first paying customers since it launched its AI Agent operating system. The Catenai share price fell 11.8% to 0.335p.
Ex-dividends
Craneware (LON: CRW) is paying an interim dividend of 15p/share and the share price fell 55p to £13.75.
Hargreaves Services (LON: HSP) is paying an interim dividend of 19.5p/share and the share price declined 17p to 743p.
Nichols (LON: NICL) is paying a final dividend of 18.7p/share and the share price slid 31p to 933p.
NWF (NWF) is paying an interim dividend of 1p/share and the share price dipped 2.5p to 132.5p.
Tristel (LON: TSTL) is paying an interim dividend of 5.68p/share and the share price decreased 7.5p to 380p.