Deltic Energy (LON: DELT) says it is in discussions with three parties – Capricorn Energy, Petrogas International E&P Coöperatief U.A. and (iii) Blue Concept Hld AS, a private Norwegian company – about potential cash offers for the company. The share price doubled to 5p.
Active Energy Group (LON: AEG) is acquiring a 2.5 MVA grid connection located at Taweela, UAE for £1.25m in cash and shares. The cash portion of £625,000 will be deferred and paid in two equal parts over 12 months. This takes total grid connection capacity to 15.5 MVA. The share price gained 30.8% to 0.1275p.
Smart video technology company SEEEN (LON: SEEN) has acquired media library and streaming software provider MEDIAL for up to £1.2m in cash and shares issued at 6p each. The acquired business made a pre-tax profit of £210,000 in the year to April 2025. SEEEN can sell its services to the acquired company’s customer base and offer training packages. The company appointed Zeus as nominated adviser and broker. The share price increased 28.6% to 4.5p.
Professional services provider Diales (LON: DIAL) says interim operating profit will be 43% higher at £1m on revenues up 10% at £23.7m. Cash was £3.9m at the end of March 2026. The interims will be published on 1 June. The share price gained 27.3% to 28p.
FALLERS
Mercantile Ports and Logistics (LON: MPL) continues to try to regain control of the Karanja Terminal & Logistics subsidiary. Mercantile says it can repay the related debt, but the proposal was rejected by the consortium of banks. They prefer an alternative plan from Adani Ports and Special Economic Zone Limited and that has been approved by the courts. The company has appealed. The share price had been rising because of optimism about the outcome of the repayment proposal, and it has slumped 77.4% to 0.475p.
Powerhouse Energy (LON: PHE) has raised £400,000 in a placing at 0.2p/share and could add a further £250,000 from a retail offer. The cash will be used to progress the development of the Ballymena waste to hydrogen project in Northern Ireland. This will include gaining permitting and the design of the project. The company will also develop alternative fuels that can come from the distributed modular generation units. The share price dropped 35.3% to 0.22p.
Clinical messaging technology developer Feedback (LON: FDBK) continues to talk with the NHS about the deployment of its technology. However, a decision has been delayed until the end of the year or early next year. This means that there will be no significant boost to revenues until next year, although the existing contract with Queen Victoria Hospital in Sussex. Feedback is not renewing its contract with the Royal Berkshire NHS Foundation Trust. There should be enough cash until the middle of 2027. The share price slipped 32.3% to 9.75p.
Litigation financing company Manolete Partners (LON: MANO) had a better second half performance and full year realised revenues dipped from £29.5m to £28m. Cash receipts rose to £26.6m. There were non-payments by some debtors, though, and they are worth £4.7m which could lead to a provision in the accounts. Net debt was £11.5m at the end of March 2026. Forecast revenues from cases is £67m. The share price fell 25.9% to 40p.