Marula Mining (LON: MARU) continues its rise ahead of the proposed move to AIM. The share price was 40.8% higher on the week at 12.5p, having reached a high of 12.875p during Friday.
Ananda Developments (LON: ANA) rose 17.3% to 0.475p after it published a medicinal cannabis research round-up. The sublingual spray shows promising results in diabetes type 2 patients. There has also been progress in explaining the mechanisms of action of CBD alleviating bladder pain syndrome.
Good Energy (LON: GOOD) recovered 13.3% to 212.5p after reporting full year figures. Revenues jumped from £146m to £248.7m as energy prices increased, while the energy supplier returned to profit. There was net cash of £19m at the end of 2022. The book value of Zap-Map is £13m. Management is seeking to expand its energy efficiency services operations.
Western Selection (LON: WESP) shares are 12.5% higher at 45p. The investment company reported an interim pre-tax profit of £200,000. Following the subsequent sale of treasury investments and the £4m received after the takeover of Crestchic, there is cash of £11.6m – equivalent to 64.6p a share. The remaining core investment is in AIM-quoted Kinovo. NAV has risen to 80p a share.
Wine maker Chapel Down Group (LON: CDGP) increased underlying pre-tax profit by 22% to £1.7m in 2022. Singer expects this profit level to be maintained in 2023 before more than doubling to £4m by 2026. Net cash is £3.3m. NAV is 38p a share. The shares are 9.09% ahead at 36p.
Capital for Colleagues (LON: CFCP) had net assets of 77.78p a share at the end of February 2023. There are 13 companies in the investment portfolio. Castlefield Investment Partners has reduced its stake from 45.9% to 42.1%.
Invinity Energy Systems (LON: IES) has made a sale of a 1.5MWh energy storage system to STS Group for a solar storage project in Hungary. The share price rose 5% to 31.5p.
RentGuarantor Holdings (LON: RGG) has entered into an agreement with Vorensys for the use of the RentGuarantor services. Vorensys provides tenant referencing services. The share price improved 4.08% to 255p.
Arbuthnot Banking Group (LON: ARBB) reported better than expected 2022 results. Pre-tax profit jumped from £4.6m to £20m and the dividend was raised by 11% to 42p a share. The loan book increased by 11% to £2.2bn. NAV is 1411p a share. The share price improved 2.15% to 950p.
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Fallers
Visum Technologies (LON: VIS) made an interim loss of £457,000 on revenues of £120,000. The first US location for its theme park video technology was opened in November. Debt financing has been secured for rides and attractions. Existing sites in Europa Park and Linnanmaki will reopen in April. The financial position is expected to improve. The share price slumped 35.3% to 5.5p.
Valereum (LON: VLRM) has sold shares in subsidiary Valereum Collections raising £70,500 at 625p a share. Valereum retains a 99.8% stake in the company, which will operate the group’s NFT programme. The Valereum share price dived 23.6% to 5.25p, which is a new low for the year.
Shares in Asimilar (LON: ASLR) fell ahead of the trading suspension on 3 April due to the accounts not being published in time. The share price slipped by 21.1% to 1.875p.
KR1 (LON: KR1) has invested $500,000 in Hydra Ventures, which supports and incubates decentralised autonomous organisations, in return for 5,000 HYDRA tokens. This is part of a $10m fundraising. The share price was 5.43% to 43.5p.