Shares in pharmacogenetic testing company Genedrive (LON: GDR) rebounded 15.8% to 0.55p following the decline after it announced a share capital reorganisation after the share price fell below par value of 1.5p. Shares cannot be issued at below par value so it will be reduced to 0.015p. There was cash of £700,000 at the end of August and this will last until mid-October.
Feed additives supplier Anpario (LON: ANP) had a strong first half leading to forecast upgrades for the third time this year. Interim revenues were one-third higher at £22.7m with 16% organic growth. Pre-tax profit was 62% higher at £3.4m. The interim dividend was raised from 3.25p/share to 3.6p/share. Shore forecasts a full year pre-tax profit improvement from £6.1m to £7m, mainly due to improved margins. The share price rose 16.6% to 492.5p.
George Loewenbaum has raised his stake in data analysis technology developer Cirata (LON: CRTA) from 5.4% to 6.61%. The share price improved 6.6% to 25.05p.
Offshore energy market services provider Tekmar Group (LON: TGP) has won a $10m plus contract with an international engineering procurement and construction contractor. It is for the use of the company’s polyurethane cable protection system, TekDuct, on an offshore energy project in the UAE. Final delivery is in the first quarter of 2026. The share price recovered 6.52% to 4.9p.
Public affairs services provider Public Policy Holding Company (LON: PPHC) grew organically by 8% in the first half of 2025. Acquisitions helped revenues increase 24% to $87.9m. Net income was one-fifth higher at $15.6m, helped by a lower tax rate. Net debt is $42.2m. Full year forecasts have been tweaked, but operating profit is still expected to rise from $36m to $44.5m. There are plans for a Nasdaq listing and a share consolidation. A general meeting will be held on 29 September. The share price is 4.89% higher at 182.5p.
FALLERS
Active Energy Group (LON: AEG) raised £2.5m in an oversubscribed placing that had to be scaled back. The placing share price was 0.075p. Each share came with a warrant exercisable at 0.1p each. The share price slumped 43.3% to 0.085p.
Interim figures from cross-border payments services provider Finseta (LON: FIN) were disappointing due customers delaying US dollar transactions due to foreign exchange volatility. Revenues were 16% higher at £5.9m and gross margins declined from 65.7% to 62.7%. Operating costs increased due to expansion plans. Full year revenues are expected to be 11% ahead. Shore has downgraded its forecasts and expects a loss of £400,000 in 2025. The share price dived 21.9% to 222.5p.
Cosmetics supplier Warpaint London (LON: W7L) had a tough first half with the administration of a major customer of the Technics brand and volatile US tariffs making it difficult to price potential orders in the US. An initial contribution from Brand Architekts helped group revenues to grow 8% to £49.3m. Pre-tax profit fell by 41% to £6.4m, although earnings we 13% down to 8.5p/share due to reduced tax charge. There was a gain on the Brand Architekts, but that was more than offset by foreign exchange losses. The interim dividend was raised by 14% to 4p/share. Shore forecasts a dip in full year pre-tax profit to £21.3m. The share price slipped 21.2% to 17.5p.
There has been another problem at the Triton FPSO, which will delay improvement in net oil and gas production for Serica Energy (LON: SQZ). There is a vibration issue with compressor trains. Bearings are being replaced. In November, there will be subsea intervention work on a pipeline at the Bittern field. This will reduce production by 20 mbbl/day for around three weeks. Production guidance for 2025 has been reduced to 29-32 mboe/day. The share price dipped 13.6% to 153.6p.