Music manager and promoter All Things Considered (LON: ATC) has raised £2.3m at 105p/share. The company raised £4.15m at 153p/share when it joined Aquis in December 2021. The latest proceeds will be used to develop the artist representation and direct to consumer divisions, plus fund acquisitions. A potential artist management company acquisition has been identified. A new festival is being developed. The share price improved 14.3% to 120p.
US focused lender Investment Evolution Credit (LON: IEC) generated revenues of £441,000 and pre-tax profit of £268,000 in the six months to November 2023. Cash was £659,000. Consumer lending operations could start in the UK in 2025. The share price continued its upward movement by 8.33% to 65p.
Trading was in line with expectations at Arbuthnot Banking Group (LON: ARBB). Shore Capital believes the recovery in profitability due to higher interest charges has broadly already happened. Even so, the broker believes that the current valuation is undemanding. The share price is 0.48% higher at 1050p.
FALLERS
Inteliqo (LON: IQO) has launched the full Langaroo app on Google Play and the App store. Langaroo enables users to understand, speak, message and share information in 130 languages. The share price dipped by two-fifths to 6p following share sales at 5p in the middle of the week.
Coinsilium (LON: COIN) will be providing global trade exchange platform LC Lite, which has been acquired by Incomlend. Coinsilium will advise on project token economics ahead of a launch later this year. Fees are paid in cryptocurrencies. The share price fell 6.78% to 2.75p.
Valereum (LON: VLRM) is getting near to completing a blockchain-based digital financial markets infrastructure and this should happen this year. After phase 1 is launched there will be further phases developing on-chain Centralised Securities Depositary. Investment company VLRM Capital will invest in principal trading of equities and cryptocurrencies, as well as staking digital assets. The first fund should be launched by the summer. Valereum chairman James Formoli will provide seed capital of £500,000 to the investment vehicle. Valereum itself wants to raise up to £4m and firm commitments have been received for £2.5m at 6p/share. The share price slipped 5.41% to 7p.
Phoenix Digital (LON: PNIX) director Nicholas Lyth bought 1.26 million shares at 3.1p each. The share price declined 3.23% to 3p.
