Tennyson Securities has published research on Tap Global Group (LON: TAP). It is available via www.tennysonsecurities.co.uk. The share price jumped 28.6% to 0.9p.
Peninsula Yacht Services is adopting SulNOx Group (LON: SNOX) fuel additives for the fuel it supplies from its Gibraltar. The specialist pumping system is being installed following permission from the authorities. The share price improved 12.7% to 31p.
Cooks Coffee (LON: COOK) executive chairman Keith Jackson acquired 22,000 shares during July and sold 18,582 shares during August. This was via the Nikau Trust. His total stake is 19.96%. He also owns 500,000 non-voting shares. The share price moved up 8.33% to 6.5p.
Good Life Plus (LON: GDLF) raised £275,000 from a convertible loan note issue that expires on 31 August 2025 when it can be repaid at a 10% premium or converted into shares at a 10% discount to the weighted average price over the previous month. If there is £2m raised in a share issue, then the loan notes are immediately convertible at a 10% discount to the issue price. The coupon is 10%. Following this issue, a partnership was announced with a major UK mobile operator. Good Life Plus will offer promotions to help with engagement with tens of millions of subscribers. This will provide access to potential subscribers to the Good Life Plus platform. There should be other partnerships in the coming months. The share price increased 3.28% to 3.15p. This is a new high for the shar price.
FALLERS
It is taking longer than anticipated Invinity Energy Systems (LON: IES) even though the long duration energy storage market is growing. More time is required to develop the Mistral next-gen product to reduce costs. There is uncertainty about the timing of the recognition of revenues. The 2024 revenues were expected to be £36.3m, but it is likely to be lower. Jonathan Marren is replacing Larry Zulch as chief executive. There was £49.2m in the bank at the end of June 2024. The share price is 47.1% lower at 11.25p. That is a slightly larger fall than for the price on AIM, although both prices are now the same.
Quantum Exponential Group (LON: QBIT) says discussions continue with potential investors that have proposed a minimum investment of £1m at 1p/share. The investors also agreed to pay the investment company £100,000 to cover costs since incurred since the proposed cancelation was announced. This will be repayable out of the proceeds of the investment when it is completed. The general meeting has been postponed again, this time to 3 October. The share price fell by one-fifth to 0.4p.
Wishbone Gold (LON: WSBN) has appointed Tavira Financial to replace SP Angel as corporate broker. A new investor relations strategy will be announced shortly. The share price declined 7.41% to 0.625p.
Oscillate (LON: MUSH) is progressing the proposed acquisition of Quantum Hydrogen Inc. Regulatory approval of the documentation is being awaited and a general meeting should be announced this month. The share price is 7.14% lower at 1.3p.
ProBiotix Health (LON: PBX) is raising £1.2m at 3.36p/share. OptiBiotix Health (LON: OPTI) is unhappy with the latest fundraise by ProBiotix Health and claims a typo in the AGM notice means that it should not be allowed to issue more shares except on a pre-emptive basis. The company previously said that it had enough cash. ProBiotix Health believes that the error is not relevant. The underlying problem seems to be the high discount of the fundraising price to the market price. However, the share price held up, dipping 5.56% to 4.25p.