Aquis weekly movers: S-Ventures plans fundraising

Aquis Exchange (LON: AQX) chief executive Alasdair Haynes bought 10,000 shares at 325p each, while non-exec chairman Glenn Collinson acquired 7,500 shares at 326.5p. Shares in the owner of the Aquis Stock Exchange improved 4.55% to 345p.

Technology marketing business Inteliqo Ltd (LON: IQO) generated initial revenues of $558,000 in the year to September 2023 and it moved from a loss of $428,000 to a pre-tax profit of $185,000. There is $384,000 in the bank, after a cash inflow of $195,000. Inteliqo should continue to be profitable this year as it builds up sales of smart translation Ipedia earbuds and the Langaroo language app. The share price edged up 1.61% to 15.75p.

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FALLERS

Healthy snack foods supplier S-Ventures (LON: SVEN) plans to raise at least £2.5m to pay deferred consideration and provide working capital. The fundraising has been announced ahead of time so that more investors can become involved. In the year to September 2023, gross revenues improved from £8.6m to £16.9m, while net debt is £6.8m. The main growth came from an initial contribution by gluten-free products company Juvela and technology platform Market Rocket. S-Ventures was loss making and the level is likely to depend on impairment charges. The share price slumped 18.8% to 4.75p, which is just above the all-time low.

Tap Global Group (LON: TAP) has appointed Tennyson Securities as its broker. The share price declined 10.6% to 2.1p.

Premier Miton has taken a 5.05% stake in Global Connectivity (LON: GCON). The share price fell 5.08% to 1.4p.

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Shepherd Neame (LON: SHEP) director George Barnes bought 1,000 shares at 800p each. The share price slipped 0.625% to 795p.

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