Aquis weekly movers: Asimilar to concentrate on Aquis quotation

Asimilar Group (LON: ASLR) is leaving AIM on 26 May and retaining the Aquis quotation. The Aquis share price rose by one-quarter to 0.75p. Chirs Akers increased his stake in the technology investment company from 10.3% to 11.1%.

Equipmake Holdings (LON: EQIP) has signed a licensing agreement with Sona Comstar, covering some of its range of drive motors and powertrains for their use in electric cars, buses and other vehicles in India and other south Asian countries. The two companies may jointly address other markets. Equipmake receives a one-off licence fee plus royalties. Production will commence in 2025. The share price increased 5.56% to 9.5p.

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DXS International (LON: DXSP) says full year revenues will be slightly higher at £3.3m and there was a very small profit after tax. That is likely to be after a research and development tax credit, so there could be a pre-tax loss. Management believes that revenues can be increased substantially in the medium-term. Cash has been raised to market the newly developed software products. DXS International has raised £500,000 at 4p a share, while £131,000 of debt has been swapped for shares at the same price. The share price slumped 17.6% to 3.5p.

Technology investment company SuperSeed Capital (LON: WWW) had net assets of 101p a share at the end of 2022. Last year’s flotation enabled the company says there are opportunities in the software sector. The company’s fund performed well, but there are unlikely to be significant increases in investment valuations this year. However, revenues from the existing portfolio are expected to double. The share price declined 12.1% to 72.5p.

Macaulay Capital (LON: MCAP) had net assets of £1.44m, including cash of £1.19m, at the end of 2022. There was a cash outflow of £428,000. The first investment was in cakes and cereal bars maker Devonvale. There was a subsequent investment in precision engineer Camloc Motion Control. The initial investment of £700,000 will be reduced to £200,000 by selling to third parties. There are other investment opportunities. The share price fell 11.8% to 22.5p.

Ananda Developments (LON: ANA) has filed four patent applications. The cannabinoid-based medicines developer has appointed SP Angel as corporate adviser. The share price slipped 5.6% to 0.59p.

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Coinsilium Group Ltd (LON: COIN) has completed the £116,500 cash and shares acquisition of the Tokenomi Web3 advisory service business, which has seven blockchain clients and a pipeline of ten more. The share price declined 3.57% to 1.35p.

Guanajuato Silver (LON: GSVR) reported drilling results from San Ignacio and Topia. Drilling at the former has shown an extension of the existing high grade area. There are also narrow veins with high grades at the Topia mine. The share price fell 3.08% to 31.5p.

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