Ceramic brake technology developer Surface Transforms (LON: SCE) says first half revenues are 72% ahead at £8.1m. Second half revenues could approach £10m. Production yields have improved to 77%. This is finally some good news. Production problems have held up progress despite significant orders. Gross cash was £1.2m at the end of June 2025, while there has been £9.8m drawn down from the available loan. Cash advances from customers are £12.9m. Zeus believes that at current production rates the company could reach EBITDA breakeven by the end of the year. The share price recovered 52.9% to 1.3p.
Broadcast technology supplier Pebble Beach Systems (LON: PEB) increased interim revenues by 13% to £5.9m and margins have improved due to cost cutting. Order intake was one-third higher. Cavendish has raised its full year pre-tax profit forecast from £1.9m to £2.4m on maintained expected revenues of £11.5m. The share price improved 52.8% to 13.75p.
Artemis Resources (LON: ARV) has received commitments to raise A$4.75m at A$0.004/share. This will fund gold exploration at Carlow, Titan and Cassowary. The share price reacted positively to the news, rising 48.6% to 0.275p, and it is above the level prior to the halting of trading on ASX.
Daniel Holliday has raised his shareholding in supercapacitor technology company Cap-XX (LON: CPX) from 5.18% to 8.19%. The share price increased 46.2% to 0.38p.
FALLERS
Jangada Mines (LON: JAN) has signed heads of term for the potential acquisition of 33.3% of MTGOLD MINERACAO, the owner of the Paranaita gold project in Brazil, with an option to increase the stake to 50.1%. The initial cost is £1m worth of shares and £250,000 in cash. Jangada Mines has raised £800,000 at 0.6p/share and directors are converting £350,000 of fees into shares at the same price. Paranaita has a measured, indicated and inferred gold resource of 210,000 ounces at a grade of 3.165g/t. The share price dived 47.5% to 0.525p.
Union Jack Oil (LON: UJO) raised £2m at 5p/share and each share comes with a warrant exercisable at 8p each. The cash will fund three wells in Oklahoma. If successful, these wells can start generating cash relatively quickly. Each well could be worth around $2m on a risked basis. There is also potential for additional cash flow from Wressle in the UK. On top of the 3 million shares purchased in the fundraising non-exec Craig Howie bought 255,000 shares at 4.868p each. This is his total shareholding. The share price slipped 39.8% to 5p.
Fire prevention fluids developer LifeSafe Holdings (LON: LIFS) says first half revenues fell from £1.6m to £900,000 due to the change in sales model. There was also an unauthorised reseller on Amazon in the US. The loss increased. Management is hopeful of significant US orders in the second half. Cash was £140,000 at the end of June 2025. The share price deceased 37% to 4.25p.
K3 Business Technology (LON: KBT) bought back 34.1 million shares in a tender offer at 85p/share. Lombard Odier’s stake increased from 12.7% to 14.3%. Dealings on AIM end on 30 July. The share price dipped 35.5% to 50p.