AIM movers: Versarien nears sale of assets and Caledonian Holdings buys more shares in new bank AlbaCo

Investors ae taking the chance to buy shares in cyber security services provider Smarttech247 Group (LON: S247) before it goes private. Shareholders overwhelmingly backed the resolution to leave AIM on 4 November. Even so, the share price rebounded by two-fifths to 5.25p.

Caledonian Holdings (LON: CHP) has entered an agreement with Mousdale Investment and Nevis Investments which will each swap 250,000 AlbaCo shaes for 6.25 million Caledonian Holdings shares at 0.004p each. This will take Caledonian Holdings’ sake in new smaller company focused bank AlbaCo to 5.47%. The share price increased 27.3% to 0.0035p.

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Crimson Tide (LON: TIDE) said at its AGM that it is reducing its cost base and focusing on renewals and reducing churn. Cash was £1.33m on 29 October 2025. The interim results will be announced in mid-December. T4 Growth Capital has a 12.5% stake and Simon Bragg increased his stake from 3.19% to 4.33%. The share price gained 18.2% to 65p.

Plastic products manufacturer and distributor Coral Products (LON: CRU) reported a return to profit on slightly lower revenues of £29.8m in the year to April 2025. However, this is due to other separately disclosed items, which include a non-cash gain on an acquisition, which compares with additional costs in the previous year. Without the gain there would have been a loss. There is no final dividend. Net debt is £7m. The first five months of the new financial year have started strongly under the new management team. There is £50m of manufacturing capacity to grow into. The share price recovered 12.1% to 9.25p.

David Nugent, who owns 16% of Genedrive (LON: GDR), has offered a loan of up to £1m on terms to be agreed. The share price rose 11.8% to 0.95p.

FALLERS

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Versarien (LON: VRS) has signed heads of terms with a UK quoted company for the sale of Total Carbide and the other remaining assets for £100,000 in cash and £100,000 in shares. The buyer will also take responsibility for £5.7m of loans plus interest. Versarien can operate with the support of creditors until the end of November. If the transaction goes ahead Versarien will become a shell. The share price declined 15.8% to 0.0117p.

European Metals Holdings (LON: EMH) used A$1.47m in operating activities and A$1.22m in investing activities in the quarter to September 2025. There was cash of A$1.09m at the end of September 2025. The share price fell 9.09% to 12.5p.

Shareholders did not agree to the proposed fundraising by Anglesey Mining (LON: AYM) and management is preserving cash as it seeks alternative forms of financing. Without that the company will go into administration. Alumni Capital had agreed to offer equity funding of up to £2m. The share price slid 8.33% to 0.275p.

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