AIM movers: Tintra extracts itself from financing deal and Alba Mineral Resources raises cash

Financials business Tintra (LON: TNT) is settling its share placement deal with Fintech Leaders Fund. The $3m received last December will be repaid with a premium. That totals £3.03m. The two sides fell out in May, and this ends the relationship. The share price recovered 27.7% to 120p.

Consumer products supplier Supreme (LON: SUP) improved 2022-23 revenues by 19% t £155.6m, but lower gross margin meant that underlying pre-tax profit was 13% lower at £15.2m. Destocking in the lighting division hit profit. Cash generated left net cash of £3.2m at the end of March 2023. This year’s trading is better than expected with underlying EBITDA likely to be at least £1m better than expected, suggesting nearly £24m, against £19.4m last year. Supreme has signed a deal to distribute vaping brands ElfBar and Lost Mary, which could generate £2m of EBITDA this year. The share price improved 11.5% to 116.5p.

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Yesterday recruitment company Impellam (LON: IPEL) admitted that it was in bid talks with HeadFirst Global. Last year, Michael Ashcroft said he was seeking ways of selling his 60% stake in Impellam. HeadFirst has a deadline of 1 August to make a bid. The share price increased 8.76% this morning to 745p.

Made Tech Group (LON: MTEC) chief executive Rory MacDonald has acquired 897,507 shares at 17.14p each. That takes his stake to 28.5%. He is part of a concert party holding 42.8% of the digital services company and it is not allowed to go above 43%. The share price is 7.35% ahead at 18.25p.

Zinc Media (LON: ZIN) says that it has revenues of at least £31m that are due to be recognised this year, which is more than the total revenues for 2022. The TV programming producer says all divisions are growing. There are potential contracts with £7m of revenues that could be recognised this year. The share price is 6.94% higher at 92.5p.

Alba Mineral Resources (LON: ALBA) is raising £750,000 at 0.125p a share following yesterday’s announcement that it had been granted ecological permits for dewatering and exploration at the primary target at the Clogau-St David’s gold mine in Wales. The share price fell by one-quarter to 0.1275p, but it is still higher than Friday’s closing price.

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Clothing retailer Quiz (LON: QUIZ) reported a 17% increase in full year revenues and pre-tax profit nearly trebled to £2.3m. However, revenues fell 15% in the first quarter of the current financial year and trading is expected to remain tough. The bord believes that 2023-24 pre-tax profit will be similar to last year. The share price is 14.8% lower at 9.075p, which is the lowest it has been since March 2022.

African Mineral Sands has bought further shares in Kazera Global (LON: KZG) from an existing shareholder at 1.5p each, taking its stake to 29.9%. That is double the current share price of 0.75p, down 9.09%. Hebei Xinjian is in arrears in its payments for an interest in Aftan and Kazera Global continues to pay ongoing costs at Aftan. The arrears total $1.9m before interest – $4.2m has been paid – and Kazera Global retains ownership of the shares as security.  

Bidstack (LON: BIDS) has received nine letters from shareholders owning 5.25% of the in-game advertising technology developer and they are seeking a general meeting to remove Glen Calvert and Lisa Hau from the board. They also want to appoint Nicholas Hargrave. A general meeting date will be announced. Lisa Hau is chief strategy officer and joined the board in May 2020. Glen Calvert is a non-executive director. The share price fell 5.56% to 0.85p.

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