Team Internet (LON: TIG) has received two bid approaches from TowerBook Capital Partners and Verdane Fund Manager AB. Each of the potential bidders is proposing an offer of 125p/share. Previous approaches were rejected for being too low. Both approaches are being considered. The share price recovered 29.1% to 117.5p.
Plastic products supplier Coral Products (LON: CRU) has sold and leased back two freehold properties for £1.7m. The initial annual payment of the 15-year lease is £155,000. The £1.1m of related mortgages will be repaid. A final agreement for the insurance claim for the May 2020 fire at one of the company’s premises has resulted in a payment of £900,000. The share price rebounded 16% to 7.25p.
Active Energy Group (LON: AEG) has appointed Zeus as its nominated adviser and broker. Shareholders voted against liquidating the company and Zen Ventures provided a loan of £200,000 to enable the publication of 2023 accounts and the latest interims. The plan is to commercialise the CoalSwitch technology. The share price improved a further 13.2% to 0.215p.
Outsources healcare services provider Totally (LON: TLY) rose 6.9% to 7.75p on news of the UK government’s plans to reduce waiting lists. The Elective Reform Plan to enable the achievement of 18-week targets for referral to treatment. Surgical hubs and a an improved relationship with the independent sector are part of the plan. Totally Healthcare provides insourcing services that use spare capacity at NHS hospitals.
FALLERS
Global Petroleum (LON: GBP) has raised £1.5m at 0.225p, while a retail offer could raise up to £250,000. This means that there is enough cash to meet work programme commitments for the Juno project in Western Australia, where it is seeking intrusion related gold systems similar to Havieron. The company is negotiating with a potential farm-out partner for PEL94 in Namibia. The share price fell by one-quart to 0.2175p.
Anglesey Mining (LON: AYM) has gained local authority approval of the scoping level environmental impact assessment scoping report for Parys Mountain. Further work is required, including on ground and surface water. The shar price declined 16.7% to 0.625p.
In-content advertising technology developer Mirriad Advertising (LON: MIRI) full year revenues fell from £1.8m to just over £1m. US revenues slumped. This reflects a decline in the legacy TV market and the US election creating uncertain conditions. European markets grew. The 2025 cost base has been reduced to £8m. There was £4.8m in the bank at the end of 2024. Mirriad is collaborating with BENlabs to provide a combined virtual and traditional product placement service. The share price slipped 9.68% to 0.14p.
Supercapacitors developer Cap-XX (LON: CPX) has appointed Ariel Sivikofsky as interim finance director. The share price fell 2.82% to 0.1725p.