ECR Minerals (LON: ECR) is acquiring Raglan Resources, which owns the Raglan gold project in Queensland for A$1.01m. It brings A$1.2m of tax losses to go with ECR’s A$75m. The share price increased 19.1% to 0.25p.
Offshore energy market services provider Tekmar Group (LON: TGP) has won a contract with an existing customer worth €8m. There is existing infrastructure and potential for near-term production. This for a major UK offshore wind farm. Revenues should be recognised this year and next year. The share price gained 15.2% to 9.5p.
Tiger Alpha (LON: TIR) is set to launch its Bittensor subnet the Knowledge Delivery Network in the fist quarter of 2026. This is designed to make AI systems faster and reduce operating costs. The share price ROSE 10% TO 0.55P.
Eden Research (LON: EDEN) has appointed Syngenta as distributor to professionals in the indoor and outdoor ornamental crops for the UK and some other European countries. This includes Eden’ novel fungicidal product that will be called Evelta. Eden will supply the product to Switzerland-based Syngenta, which will then use its network to sell to growers. The share price improved 8.33% to 2.6p.
The new strategy of Naked Wines (LON: WINE) is already showing signs of paying off and Panmure Liberum has upgraded expectations due to strong pre-Christmas trading. The wines supplier expects full year EBITDA to be at the top of guidance of £5.5m to £7.5m. Panmure Liberum forecasts £7.2m, up from £6.2m. Pre-tax profit of £800,000 is estimated when previously a small loss was expected. The share price is 7.68% higher at 71.5p.
FALLERS
Elective surgeries have been delayed because of the flu season and strikes, and this has hit the performance of Surgical Innovations (LON: SUN) in the fourth quarter. Supply problems with a partner also hampered the business. Forecast revenues have been cut from £12.4m to £11.5m and that means that the loss will be slightly higher than last year at around £750,000. Net debt is expected to be £500,000 at year-end. The share price slumped 36.4% to 0.35p.
Time Out (LON: TMO) disappointed the market with results showing worse than expected trading and a fundraising. Full year revenues fell from £103.1m to £73.2m and the operating loss was £49.7m, including £35.1m of write downs. Time Out is raising £8m at 8p/share and a retail offer could raise more. There is also a debt for equity swap of £4.9m. The share price dived 23.9% to 8.75p.
Ukrainian food producer Ukrproduct (LON: UKR) says second half trading has deteriorated, although volumes in the nine months to September were maintained. The share price declined 17.7% to 7p.
Video editing technology developer Blackbird (LON: BIRD) has raised £500,000 at 2.25p/share and this will fund additional marketing. The share price fell 17.2% to 2.4p.