Black Sea Property (LON: BSP) reported its 2021 figures at the end of the previous week, but the share price did not react until Thursday. There was an increase in NAV from 1.23 cents a share to 1.37 cents a share, helped by revaluation gains and the profit from disposal of a subsidiary. Black Sea Property shares increased from 0.3 cents a share to 0.55 cents a share, making it the best performer on Aquis.
Valereum (LON: VLRM) reported an increased loss of £1.84m for 2021. There is still £1.43m in cash and net assets were £2.51m at the end of 2021. There was no news about the regulatory approval for the acquisition of the Gibraltar Stock Exchange. The share price rose 8.33% to 26p.
Clean Invest Africa (LON: CIA) says that clan coal business CoalTech has commenced commercial coal production in South Africa. Initial production will be 3,500 tonnes/month and it is expected to double in 2023. That could be enough to eventually generate annual net profit of $1.2m. The first coal pellets should be sold in September. There are tests running in other countries. The shares rose 4.1% to 0.255p.
Invinity Energy Systems (LON: IES) says that the world’s largest hybrid energy storage system, incorporating a 5 MWh Invinity Vanadium Flow battery, was launched at the Energy Superhub Oxford. Jonathan Marren has been appointed as chief development officer, having previously been a non-exec director. The share price edged up 1.11% to 45.5p.
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Fallers
Wine maker Chapel Down Group (LON: CDGP) says interim revenues are in line with the same time last year due to the disappointing 2021 harvest. This year’s harvest should be better and full year revenues should be higher. Price increases should help to improve margins. Net cash was £3.76m at the end of June 2022. Net assets are 19.5p a share. Five directors bought shares at between 19.6p and 19.9p a share. The share price fell 9.8% to 19.4p.
Samarkand (LON: SMK) says trading is in line with expectations in the year to March 2022. Revenues are forecast to be £16.5m and the loss estimated to be £8.3m. There was £4m in the bank. Samarkand provides e-commerce technology and services to clients that wish to access the Chinese market. Trading has been hampered by Covid lockdowns. Management says that trading conditions are improving, although 2022-23 revenues are likely to be flat. Margins should improve. The share price fell 9.68% to 70p, compared with the placing price of 115p.
Waste plastic to energy technology company Hydrogen Utopia International (LON: HUI) is extending the term of the 40 million warrants issued at the time of the flotation. The new deadline for conversion at 15p a share is the fourth anniversary of the flotation on 6 January 2026. The share price fell 7.14% to 4.875p, compared with the placing price of 7.5p.
Ecotricity has increased its stake in Good Energy (LON: GOOD) from 26.1% to 27.2%. The share price fell back 5.88% to 245p.
AQRU (LON: AQRU) has appointed First Sentinel as corporate adviser and Tennyson Securities as broker. They are replacing Novum Securities. The decentralised finance-focused incubator has launched AQRU Trend, a high-return strategy optimised for cryptocurrencies designed for small investors to access competitive returns in the crypto market. It is available through the AQRU.io platform. The share price fell 1.79% to 1.375p.
All Star Minerals has not only changed its name to Marula Mining (LON: MARU) on 4 July it has also consolidated 100 shares into one new share. That means that the consolidated price for 1 July was 2.45p. The share price has dipped to 2.41p, although some websites have the share price rising by more than 9,700% because they have not adjusted for the consolidation.