Capital Metals (LON: CMET) shares have recovered by two-thirds to 2.5p after the minister of the environment in Sri Lanka lost his job after being expelled from his political party. The company believes he has been the main reason it has had trouble with its mineral licences. The share price is the highest it has been since May.
Market research firm YouGov (LON: YOU) reported a 61% underlying improvement in pre-tax profit to £56.4m. Net cash was £107.2m at the end of July 2023, although this is before the proposed acquisition of the GfK consumer panels business. Custom research is growing fastest. The US has been a tougher region. The share price increased 20.3% to 830p.
X-ray imaging company Image Scan (LON: IGE) returned to profit last year. Revenues were 50% ahead at £3m and the pre-tax profit is around £100,000. Net cash is better than expected at £960,000. Pre-tax profit could double this year. There was a 14.7% share price rise to 1.95p.
A strong interim trading statement from Intercede Group (LON: IGP) with revenues growing by 15% has led to a 10.2% improvement in the share price to 48.5p. This means that identity management software supplier is on course to improve full year revenues by 10% to £13.3m, although pre-tax profit is expected to fall from £1.1m to £800,000. Contract wins improve the visibility of revenues.
Pension SuperFund Capital has made an agreed bid of 60p/share for STM Group (LON:STM), which values the financial services company at £35.6m. Shareholders also receive a deferred consideration unit worth up to 7p/share based on the net attrition rate of customers between now and when the bid gains full regulatory approvals and becomes effective. The share price moved up 9.52% to 57.5p.
FALLERS
Dr Graham Cooley has raised his stake in Light Science Technologies (LON: LST) from 5.25% to 6.16%. Even so, the share price declined 6.9% to 2.7p.
Atlantic Lithium (LON: ALL) has been granted permission by the authorities in Ghana to divert two transmission lines that run across the mining areas of the Mankessim prospecting licence. This is where the Ewoyaa lithium project is sited. The share price is 2.94% lower at 24.8p.
Two companies have fallen ahead of results tomorrow. Shares in software company Netcall (LON: NET) fell 2.98% to 81.5p. Energy and water efficiency company Eneraqua Technologies (LON: ETP) is down 2.63% to 92.5p.
Karelian Diamond Resources (LON: KDR) has completed a pitting programme over more than 20 kimberlite target locations in the Kuhmo region of Finland. They are up-ice from the green diamond discovery. Once the highly anomalous samples are identified a drilling programme will commence. The share slipped 2.33% to 4.2p.
