Zoo Digital (LON: ZOO) shares are recovering after last week’s trading statement and finance director Phillip Blundell bought 20,000 shares at 12.15p each. The share price recovered 19.4% to 14.625p.
Retail software provider itim Group (LON: ITIM) shares continue to rise following yesterday’s trading statement saying that 2024 revenues were 5% better than expected at £17.9m thanks to contract wins in the second half. This led to a return to profit. Zeus forecasts a 2024 pre-tax profit of £200,000 and upgraded its 2025 figure to £500,000. The share price rose a further 12.4% to 54.5p.
FALLERS
Growth in the revenues of diagnostics developer Oxford BioDynamics (LON: OBD) remains modest and the loss increased. Revenues moved up from £510,000 to £636,000, while the loss was nearly £12m. Since the balance sheet date £7.35m has been raised at 0.5p/share and Ian Ross appointed executive chairman. The company is seeking partners and collaborators to accelerate the take up of its EpiSwitch products. The share price slipped 10.4% to 0.515p.
First quarter figures from aquaculture company Benchmark Holdings (LON: BMK) show a 30% reduction in continuing revenues to £17.7m. This excludes the genetics business that it is being sold, and regulatory clearance should be received by the end of March. There was a quarterly loss as overheads are being spread over a smaller business. There will be a reduction in costs following disposal of the genetics business. Net debt was £62m at the end of 2024. Trading is improving in both the advanced nutrition and health divisions. The share price fell 7.59% to 24.95p.
Broker Fiske (LON: FKE) published interim results showing higher revenues and profit despite rising operating costs relating to compliance work. Both commissions and investment management fees improved. Revenues increased 12% to £3.89m, while pre-tax profit rose from £429,000 to £879,000. Assets under administration rose by 0.5% to £882m. There was £5.9m in the bank at the end of 2024, plus a stake in Euroclear that generated £472,000 in dividends in the period. Fiske has increased its dividend by 10% to 0.275p/share. Net assets were £10.5m at the end of 2024. The share price dipped 7.14% to 65p.
Uranium investor Yellow Cake (LON: YCA) has consulted with shareholders about why two AGM resolutions received less than 80% of votes in their favour. Shareholder voted against the directors’ remuneration report because of concerns about the vesting of shares under the Long-Term Incentive Plan not being subject to any conditions. The scheme has been amended following consultation. Performance shares will be issued and performance conditions that align management with increases in the uranium price are being introduced. A proxy advisory firm initially recommended voting against the reappointment of Sofia Bianchi as a director because of her number of directorships outside of the company. However, a clarification of these appointments led to a reversal of that recommendation four days before the AGM – too late for some to change their vote. The share price declined 3.62% to 446.8p.
EnergyPathways (LON: EPP) non-executive director Stephen West intends to step down from the board, but he remains a consultant. He contributed to the reversal that led to EnergyPathways joining AIM. The share price lost some of the gains following the announcement about MESH earlier in the week and is down 2.8% to 6.95p.