Security services provider Westminster Group (LON: WSG) reported a 35% increase in revenues to £9.5m with the fastest growth in the technology division. The company almost broke even. This year has started with more than £5m of annual recurring revenues. First quarter trading is ahead of budget. Timing of new projects is uncertain, particularly the contract in the DRC. The share price rose 39.1% to 1.6p.
Edenville Energy (LON: EDL) is raising £1.47m at 5p a share from Q Global Commodities Group, which will take its stake to 29.95%, and Gathoni Muchai Investments, which will own 20.1%. The share price jumped 34.1% to 7.375p. The two shareholders will also receive warrants exercisable at 35p until 25 May 2024. The cash will fund reviews of potential new and strategically complimentary projects in Africa. Jason Brewer of Gathoni Muchai Investments has been appointed as an executive director.
Blue Star Capital (LON: BLU) investee company SatoshiPay has been incubating blockchain company Pendulum, which bridges the Stellar and Polkadot networks via Spacewalk, now live on Amplitude. The focus is advancing foreign exchange trading into blockchain. Spacewalk could be expanded to cover other networks. Blue Star Capital owns 27.9% of SatoshiPay, which owns 5.5% of Pendulum. The Blue Star Capital share price is 5.56% higher at 0.19p.
First quarter revenues of Duke Royalty (LON: DUKE) were at a record level. Total cash revenues are around £7.5m, including the buyout premium for investee company Instor. The 0.7p a share quarterly dividend is covered by free cash flow. Net assets could be more than £155m by the end of September 2023. The share price is 4.96% higher at 31.75p, which values the royalty company at £126.3m. The forecast yield is 9.3%.
The two biggest fallers are paying one-off dividends and have gone ex-dividend today Amur Minerals Corporation (LON: AMC) is paying a special dividend of 1.8p a share and the share price fell 86.4% to 0.25p. Enwell Energy (LON: ENW) is paying a special dividend of 15p a share declined by 49.9% to 15.525p.
Quantum Blockchain Technologies (LON: QBT) has raised £1m at 1.4p a share, while the share price slipped 22.1% to 1.5p. This fund development of bitcoin mining machine learning algorithms and software as well as funding the Sipiem litigation.
Clontarf Energy (LON: CLON) has raised £350,000 at 0.08p a share and this will finance lithium projects in Bolivia as well as petroleum projects in Ghana and Australia. The share price dipped 9.76% to 0.0925p.
Grafenia (LON: GRA) has not received the adjusted deferred consideration of £514,000 payable on the sale of Works Manchester. Grafenia is considering raising additional funding to fund its strategy of acquiring software businesses. The share price declined 9.52% to 9.5p.
Ex-dividends
Amur Minerals Corporation (LON: AMC) is paying a special dividend of 1.8p a share and the share price fell 1.59p to 0.25p.
Cerillion (LON: CER) is paying an interim dividend of 3.3p a share and the share price slipped 5p to 1295p.
Enwell Energy (LON: ENW) is paying a special dividend of 15p a share and the share price declined by 15.475p to 15.525p.
Gamma Communications (LON: GAMA) is paying a final dividend of 10p a share and the share price is 17p lower at 1135p.
Keywords Studios (LON: KWS) is paying a final dividend of 1.6p a share and the share price rose 17.5p to 1962.5p.
Likewise (LON: LIKE) is paying a final dividend of 0.2p a share and the share price improved by 0.5p to 25p.
Nexus Infrastructure (LON: NEXS) is paying an interim dividend of 1p a share and the share price fell 1p to 169p.
Origin Enterprises (LON: OGN) is paying an interim dividend of 3.15 eurocents a share and the share price slumped 20 eurocents to €3.45.
Spectra Systems Corp (LON: SPSC) is paying a final dividend of 11.5 cents a share and the share price fell 5p to 165p.
Titon Holdings (LON: TON) is paying an interim dividend of 0.5p a share and the share price is unchanged at 75p.
Yu Group (LON: YU.) is paying a final dividend of 3p a share and the share price rose 32p to 610p.
