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Aquis weekly movers: Bumper harvest for Chapel Down

Chapel Down Group (LON: CDGP) had a bumper grape crop in terms of quality and yield. Chapel Down has 750 acres of vines and the harvest was more than 2,000 tonnes, up from 1,400 tonnes last year, with a particularly good crop for sparkling wines. The English sparkling wine market grew by 29% in 2021More than two million bottles of many types of wine can be made from the harvest. A further 38 acres of vines were planted this year with 118 acres planned. More land is being sought. Management wants to double the size of the business by 2026.  The share price rose by 10% to 27.5p.

Phoenix Asset Management Partners has taken a 16.5% stake in Silverwood Brands (LON: SLWD) and the shares were 21.4% ahead at 85p.  

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Hydrogen Utopia International (LON: HUI) has secured a convertible loan facility with Conrad Griffiths, owner of 9.45% of the company. The €650,000 facility is interest free until the beginning of 2023 when the annual interest charge is 5%. The repayment date is 31 December 2025. The conversion price is 20p – based on the exchange rate of €1.14/£. The share price improved by 8.62% to 7.875p.

Chris Akers has upped his stake in Quetzal Capital (LON: QTZ) from 22% to 23.4%. Investee company Tap Global has added GBPT stablecoin to its cryptocurrency trading platform. The share price edged up 1.75% to 2.9p.

Trading recommenced in Vulcan Industries (LON: VULC) on Monday following the publication of its accounts for the year to March 2022 and the announcement of the proposed acquisition of Peregrine X, which has developed diagnostic technology with an initial market in oil well-head analysis. There are currently no revenues. The initial consideration will be £1m of zero-coupon convertible loan notes with a further four tranches of £1m depending on progress. The total number of loan notes would be converted int a 46.2% stake in the company. The seller will also receive 500 million warrants exercisable at 1p a share. They will also receive 70% of post-tax earnings generated by Peregrine up until 2,000 tests have been contracted and 200 delivered. This deal marks a move away from the engineering sector. The share price rose 1.75% to 0.87p.

Harry Hyman has increased his stake in Oberon Investments Group (LON: OBE) from 3.08% to 4.15%. Aimee McCusker has joined the company from WH Ireland as director of IR/sales. The shares are 1.35% higher at 3.75p.

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Fallers

Broker VSA Capital (LON: VSA) shares fell 37.1% to 11p on the back of three individual trades at 13.5p, 12p and 10p a share. There were 200 shares sold at 12p each and the other sales were worth a total of £5,100.  

Property investor Ace Liberty & Stone (LON: ALSP) launched an open offer to raise £4.56m at 25p a share. The share price fell 25.8% to 47.5p. The open offer closes on 14 November and enables existing shareholders to finance the strategy to buy additional properties. Management believes that economic uncertainty will provide opportunities to acquire high yielding properties.

SulNOx Group (LON: SNOX) has signed up South Africa-based bus company Lowveld Bus Service, which will use SulNOxEco fuel conditioner in its fleet of more than 170 buses. The share price slipped 8.06% to 14.25p.

Valereum (LON: VLRM) was asked by Aquis Stock Exchange to clarify what happened when it changed its corporate adviser. Peterhouse resigned on 13 October and the company was already talking to its replacement First Sentinel. Approval is still awaited concerning the Gibraltar Stock Exchange purchase. The shares fell 7.55% to 12.25p.

Invinity Energy Systems (LON: IES) has secured a sales contract for a 10MWh VS3 flow battery system for a solar microgrid in southern California. This deal was mentioned in the previous week and some of the gains were lost this week with the share price dipping 6.56% to 28.5p.

Goodbody Health Ltd (LON: GDBY) has signed an agreement with Allied Pharmacies that will add 17 clinics to its network offering diagnostic testing and adds services such as ear wax micro suction. The share price decreased by 5.56% to 8.5p.

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