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AIM movers: TPXimpact beats expectations and ex-dividends

Digitisation services provider TPXimpact (LON: TPX) says 2023-24 revenues were slightly above expectations at £84m. EBITDA margin was in the middle of the 5%-6% range. Net debt has fallen to just over £7m, which is much lower than forecast. There was £139m of work won last year. There could be some short-term disruption from the General Election. The share price soared 33.9% to 43.5p.

Insig AI (LON: INSG) has taken a 5.45% stake in AI and blockchain company ImpactScope OU. Insig AI will sell its Greenwashing Identifiet technology to asset managers. The payment was 900,000 shares at 13.75p each and Insig Ai has an option to subscribe for more shares. New Insig AI executive chairman Richard Bernstein has subscribed £100,000 at 20p/share. The share price jumped 30.2% to 14p.

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FireAngel Safety Technology (LON: FA.) says the approval conditions from the UK government for the bid by Intelligent Safety Electronics are acceptable. The conditions involve corporate governance, the appointment of a UK vetted chief information security officer and requirements relating to the design of network products. The bid is 7.4p/share and the offer timetable has resumed. The share price recovered 21.7% to 7p.

Longboat Energy (LON: LBE) shares have recovered 9.59% to 8p following yesterday’s announcement that net production at the Statfjord satellites has been poor so far this year. Two out of five redevelopment wells are not producing. Average production was 401boe/day in the first four months of 2024 rising to 544boe/day so far in May. Further capital expenditure is required.

FALLERS

Diagnostics company Novacyt (LON: NCYT) has reported 2023 figures including four months contribution from Yourgene Health. Revenues were £11.6m, down from £21m, but there is underlying growth excluding Covid-related sales. The post-tax loss was £28.3m, but more than £4m of annualised cost savings have been made. There was £44.1m in the bank at the end of 2023, although that has fallen to £36.3m. The trial relating to litigation with the DHSC starts on 10 June. The share price fell 13.2% to 57.8p.

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Low sodium salt developer MicroSalt (LON: SALT) has made strong progress over the past year, including the flotation on AIM. The 2023 results announced today represent a period prior to flotation. MicroSalt was still in a period of building up its customer base and reported a loss of £3.5m. There was profit taking with a 14.6% decline to 87.5p, which is still more than double the 43p placing price in February.

Technology investment company Tern (LON: TERN) reported a £11.1m decrease in the valuation of its investments during 2023. The portfolio was valued at £12.7m and medical AI business Talking Medicines was the only major investment that rose in value. Konektio has been written down to nil. NAV is 3.2p/share. The share price weakened 8.93% to 2.55p.

Pharmacogenetic tests developer Genedrive (LON: GDR) has raised £2.03m through an open offer and £1.89m via a REX retail offer. That takes the total raised to £6m, which was the minimum required. The share price declined 11.4% to 1.55p.

Ex-dividends

Advanced Medical Solutions (LON: AMS) is paying a final dividend of 1.66p/share and the share price improved 1.25p to 211.25p.

Anexo (LON: ANX) is paying a final dividend of 1.5p/share and the share price slipped 0.5p to 68p.

Cerillion (LON: CER) is paying an interim dividend of 4p/share and the share price fell 5p to 1495p.

Gamma Communications (LON: GAMA) is paying a final dividend of 11.4p/share and the share price rose 1p to 1459p.

H&T Group (LON: HAT) is paying a final dividend of 10.5p/share and the share price dipped 9.5p to 390.5p.

Likewise (LON: LIKE) is paying a final dividend of 0.25p/share and the share price is unchanged at 15.5p.

Origin Enterprises (LON: OGN) is paying an interim dividend of 3.15 cents/share and the share price is unchanged at 311 cents.

Yu Group (LON: YU.) is paying a final dividend of 37p/share and the share price increased 22.5p to 1812.5p.

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