Mercantile Ports & Logistics (LON: MPL) doubled to 3.2p as the market awaits news following written submissions to the National Company Law Tribunal. This is for the hearing relating to Karanja Terminal & Logistics. Judgement is expected soon after this. Creditors rejected the company’s proposals and approved different ownership of Karanja. However, Mercantile argues that the offer was accepted before its own proposals were annulled and it was not given the chance to pay off debt.
MobilityOne (LON:MBO) says Bradbury Capital has floated on Nasdaq and it will receive £6.84m within 14 days of the completion of the merger of assets with the Nasdaq company. A further £3.42m is payable within 180 days of completion. The share price jumped 77.8% to 12p.
Automotive electrical diagnostics company Power Probe (LON: PWR) has launched a share buyback programme using excess capital of $1m. The share price rose 34.4% to 60.5p. The December 2025 flotation price was 82p.
Floorcoverings distributor Likewise (LON: LIKE) has acquired assets from Headlam Group, which is in administration. These include the 90,000 square foot freehold Thatcham distribution centre, plus trade and assets of Crucial Trading and. Concept Flooring in West Bromwich and Stoke-on-Trent. This cost £14.9m and can be funded from the company’s cash resources. Management used to work at Headlam. Likewise will also help to sell Headlam inventory on an agency basis over a nine month period so as not to disrupt the UK market. Fully listed Kelso (LON: KLSO) bought five million shares at an average price of 30p. The share price increased 29.3% to 44.6p.
FALLERS
Trading in the shares of eEnergy (LON: EAAS) returned from suspension after it raised £1.96m from its retail offer at 0.3p/share, which was nearly the maximum available. The heavily discounted fundraising generated £8.3m in total. The cash is for working capital as it awaits receipt of delayed payments. The share price slumped 75.2% to 0.36p.
Data analysis software provider Celebrus Technologies (LON: CLBS) reported a disappointing performance in the first half. A loss of $1.3m on revenues of $9.2m is expected. The loss of a contract, where there were implementation problems, meant that annualised recurring revenues were slightly lower at $14.7m, but the figure should be higher at the end of March 2027. Cavendish has reduced its full year forecast revenues from $23.5m to $20m and the loss has been increased from $1.4m to $3.5m. Net cash should be $23.9m at the end of the year and then fall to $21.9m at the end of 2027-28 after another albeit smaller loss. The share price dived 43.3% to 54.4p. Cash still covers most of the market capitalisation.
Shares in ATOME (LON: ATOM) returned from suspension after the publication of the 2025 accounts and the latest interims. In the first half of 2026, the loss was $12.2m. Net cash was $4.3m at the end of June 2026. Chairman Peter Levine is providing a new facility of up to £2.5m. There is uncertainty over the Villeta that has built up over the suspension period. The company also claims that there have been false reports in local newspapers. The share price declined 41.4% to 17p.
Litigation Capital Management (LON: LIT) says that an insolvency claim case in Australia was unsuccessful. The case is worth A$2.9m in the balance sheet, although there is insurance to mitigate adverse costs risk. The company is assessing its next step. The share price slipped 29.7% to 0.395p.