Coinsilium Group Ltd (LON: COIN) reported a reduction in revenues from £530,000 to £212,000 in 2012. The impairment charge increased from £148,000 to £273,000, but there was no loss on financial assets, compared to a £407,000 loss in 2021. There was a swing from a realised profit on assets of £1.52m to a loss of £1.29m. The reported loss was £2.06m, compared to a profit of £14,000. Net cash outflow from operations increased from £602,000 to £789,000. NAV is £3.94m, including cash of £668,000. Digital asset markets have recovered since the beginning of the year. The share price recovered 43.5% to 1.65p. That is the highest it has been since March.
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Fallers
The latest medicinal cannabis research roundup from Ananda Developments (LON: ANA) highlights that CBD can be beneficial for behavioural symptoms of dementia. The level of behavioural disturbance fell from an average of 60 to 15 over a six-month trial period. There is also a study showing that cannabis-based medicinal products improve the quality of life scores for Fibromyalgia. The share price declined 16.2% to 0.44p.
Barry Hersh cut his stake in Global Connectivity (LON: GCON) from 8.95% to 7.96%. The share price is 14.3% lower at 1.35p.
EDX Medical Group (LON: EDX) has appointed Oberon Capital as corporate adviser and broker. The diagnostic products developer also appointed Dr Keti Zeka as head of R&D and director of laboratories and Dr Liam Dower as head of quality, regulatory affairs and compliance. The share price fell 13.3% to 3.25p.
Pubs operator Daniel Thwaites (LON: THW) had a tougher second half and Christmas trading was poor. In the year to March 2023, revenues improved from £96m to £108.8m, while pre-tax profit rose from £12.7m to £15.1m, mainly due to a higher gain on interest rate swaps. Operating profit before property disposals was lower, although that is predominantly because of the lack of government assistance in the most recent year. NAV is £242m, including a pension asset of £32.2m due to higher interest rates, while net debt is £66.7m. The final dividend was raised from 2.2p/share to 2.4p/share. At 93.5p, the share price fell 2.6%, and that values Daniel Thwaites at £55m.
