Aquis weekly movers: Arbuthnot Banking ahead of expectations

Arbuthnot Banking Group (LON: ARBB) says full results should be ahead of market expectations of a £13m pre-tax profit. The third quarter trading statement says Arbuthnot Latham deposits exceed £3bn, although costs of deposits are rising. Base rate rises have a positive effect on results as changes to deposit rates lag the rises in interest rates. Credit criteria are being tightened, particularly for property. Assets under management are £1.35bn. The share price improved by 17.9% to 825p. Non-exec Sir Nigel Boardman acquired 9.749 shares at 810p each. Arbuthnot Banking non-voting shares (LON: ARBN) slipped 1.8% to 545p.

Clean Invest Africa (LON: CIA) bounced back after last week’s share price slump after its results announcement and was the best performer on the Aquis Stock Exchange last week with a rise of 62.5% to 0.325p. KR1 (LON: KR1) is another company that has recovered some of last week’s post-results loss, rising 8.45% to 38.5p.

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RentGuarantor Holdings (LON: RGG) rose again at the beginning of the week. There were four trades on Monday – at least three were buys – and the highest price was 200p. There were no more trades during the week and the share price is 12.1% higher at 185p.

Hydrogen Future Industries (LON: HFI) has acquired a suite of international patents through a joint venture. The patents are relevant for the company’s wind-based hydrogen production system, plus other systems. The patents were issued to the vendor when it employed the boss of HFI’s development subsidiary. The payment will be £33,000 in cash, 5.2 million shares and 2.5 warrants exercisable at 12p each, with the second tranche of the payment dependent on the achievement of development milestones. The share price rose 10.5% to 5.25p.

Coinsilium (LON: COIN) chairman Malcolm Palle acquired 500,000 shares at 1.9p each, while chief executive Eddy Travia bought 500,000 shares at 1.95p each. The share price rose 8.11% to 2p.

National Milk Records (LON: NMRP) generated a 6% increase in 2021-22 revenues to £23.2m, while pre-tax profit improved from £1.65m to £2.22m. The dividend was raised by one-third to 2p a share. The milk recording and testing services increased revenues. The biggest increase was in genomics which rose from £292,000 to £488,000 and there is a potential launch in the US during 2023. The share price was 4.74% higher at 110.5p.

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There has been a mineral resource upgrade at the Amapa iron project in Brazil, and shares in 27% shareholder Cadence Minerals (LON: KDR) rose 3.72% to 9.75p, even though there was profit-taking after the announcement. The updated resource at Amapa is 276Mt grading 38.33% Fe, up from 177Mt. The measured resource is 55Mt grading 39.26% Fe.  

Hydro Hotel, Eastbourne (LON: HYDP) reinstated the interim dividend at the rate of 14p a share. The share price rose 20p to 970p.

Director buying at Kent-based brewer Shepherd Neame (LON: SHEP) pushed the share price 0.4% higher at 672.5p. Richard Oldfield bought 6,000 shares at 675p a share and George Barnes acquired 3,200 shares at 672p each. The final dividend is 15p a share and the shares go ex-dividend on 13 October.



Goodbody Health (LON: GDBY) secured a distribution agreement with blood collection services provider Tasso Inc, which supplies virtually painless medical devices to draw a blood sample with no needles. Goodbody’s clinics will be able to extract more blood than from a finger prick. The share price fell 18.2% to 9p.

Invinity Energy Systems (LON: IES) has sold a 1.3MWh VS3 flow battery system for use in a datacentre in Arizona. Amati reduced its stake from 5.87% to 4.92%. The share price fell 8.8% to 23.25p.

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