KR1 (LON: KR1) had net assets of 57.79p/share at the end of October 2024, down from 62.15p/share at the end of the previous month. There was nearly £600,000 of income generated from digital assets during the month. The share price jumped 24.8% to 85.5p.
WeCap (LON: WCAP) has converted £7.75m of loan notes in WeShop Holdings in return for 3.21 million shares, which is 1.33 million shares at 300p each and 1.875 million shares at 200p each. This increases the shareholding to 16.2%, including shares owned by 235%-owned Community Social Investments. WeCap says that the value of the shareholding is £24.6m, based on the last fundraising share price of 476p. WeCao has extended the discounted capital bond issued to Hawk Holdings for 18 months. The total owed is £6.18m. The WeCap share price increased 7.69% to 1.05p, which capitalises the company at £4.3m.
Wishbone Gold (LON: WSBN) has appointed Tony Moore as chairman and Jack Sun as finance director. The share price improved 6.67% to 0.32p.
SulNOx Group (LON: SNOX) has appointed Fuelonomics Hydrocarbons Innovations as distributor of SulNOxEco fuel conditioners in Nigeria. The share price rose 4.81% to 54.5p.
Vinanz Ltd (LON: BTC) has received the initial order of Bitcoin miners and they are up and running in Nebraska. The share price moved up 0.885% to 14.25p.
Arbuthnot Banking Group (LON: ARBB) chairman and chief executive Sir Henry Angest has bought 116,000 shares at 900p each. He owns 58% of the voting shares. The share price edged up 0.822% to 920p.
FALLERS
Incanthera (LON: INC) has been accused of potential patent infringement in the formulation of its Skin + Cell skincare range. Even though Incanthera believes that there is no merit to the accusation, but the launch of the Skin + Cell range of products has been delayed. There is cash in the bank following a £2.6m subscription at 15p/share. The share price recovered from an all-time low earlier in the week, but it still slumped 57.4% to 5.75p.
Electric vehicle technology developer Equipmake (LON: EQIP) increased full year revenues by three-fifths to £8.1m. Bus repowering revenues grew fastest, but this is labour intensive at low volumes. The loss increased from £5m to £9.1m. The cash outflow from operations declined from £9m to £6.29m. Costs are being reduced. There was £2.5m in the bank at the end of May 2024. A potential licensing agreement could provide cash flow over the next two years. The share price declined by one-fifth to 2p.
Barry Hersh has reduced his stake in Global Connectivity (LON: GCON) from 6.97% to 5.96%. The share price fell 3.45% to 0.7p.
Invinity Energy Systems (LON: IES) has hired Adam Howard as finance director. He was previously at the National Walth Fund. The share price dipped 2.04% to 12p.