The Global Connectivity (LON: GCON) share price jumped 225% to 1.3p on the back of interim results. The company still owns 15% of Rural Broadband Solutions. There was £33,000 in the bank at the end of June 2023 and the repayment of an intercompany loan should bring in £550,000 over the next 18 months. Running costs have been reduced by more than one-third. Investments will be sought for the holding company.
EDX Medical (LON: EDX) is acquiring Hutano Diagnostics for an initial 9.09 million shares at 11p each. This will increase the number of diagnostic tests that can be offered by the group. The tests are better than their lateral flow equivalents. The share price is 14.3% ahead at 3p.
Shepherd Neame (LON: SHEP) grew annual revenues by 10% to £166.3m, while underlying pre-tax profit was 4% ahead £7.6m. The full year dividend has been increased from 18.5p/share to 20p/share. NAV is 1205p/share. Like-for-like owned pub sales were 13% higher. Drink sales were particularly strong with food sales more modestly ahead. Within the M25 the growth is even higher at 31%. Tenanted pubs like-for-like income grew a more modest 4%. Brewing volumes fell and this decline has accelerated in the early weeks of the new financial year. The share price improved 1.26% to 805p.
KR1 (LON: KR1) had net assets of 51.12p/share at the end of June 2023, but this fell to 42.5p/share at the end of August. The August income was £575,000. The share price moved up 1.23% to 41p.
Vanadium flow batteries supplier Invinity Energy Systems (LON: IES) reported a higher than forecast interim loss as gross margins fell. The full year forecast loss has been increased to £27.4m. An order from the US Department of the Environment is for six installations totalling 84MWh, but the installation will not be until 2025. Cash is flowing out of the business and more may need to be raised next year. The share price improved 1.14% to 44.5p.
Bitcoin miner Vinanz Ltd (LON: BTC) has increased its bitcoin holding from 5.01 BTC to 7.84 BTC since flotation in April. The share price edged up 0.9% to 2.775p.
FALLERS
St Mark Homes (LON: SMAP) increased its interim loss from £171,000 to £1.2m, mainly due to a large loss at a joint venture. The housebuilder has been hit by supply delays and inflation. Subcontractor insolvency has further delayed projects in London. The share price slumped 37.1% to 52.5p.
Cooks Coffee (LON: COOK) is appointing administrators to its Triple Two coffee shop franchise business. There are currently eleven stores, which are trading poorly. The Esquires chain is trading well. The share price fell 15% to 17p.
Wishbone Gold (LON: WSBN) had cash of £428,000 at the end of June 2023. Since then, £1.42m was raised at 2.4p/share. Further results from the drill programme will be released in the second half. The share price declined 14.6% to 2.05p.
Music artist representation and services company All Things Considered (LON: ATC) increased underlying revenues by two-fifths to £3.39m. The main growth came from the management and live events businesses. The underlying loss was slightly lower at £700,000. The figures exclude one-off services revenues in 2022. Net cash was £890,000 at the end of June 2023. Since then, £4.18m was raised to fund the purchase of 60% of Sandbag, which added additional clients. The share price slipped 10.8% to 82.5p.
Cadence Minerals (LON: KDNC) reduced its interim loss from £5m to £2m. There was £577,000 in the bank at the end of June 2023. The share price fell 8.67% to 6.85p.
Gowin New Energy (LON: GWIN) still has no revenues and the interim loss increased. A director has loaned £15,000 to the company. The share price is 6.25% lower at 0.0075p.
Marula Mining (LON: MARU) has agreed to acquire a 75% stake in ten graphite licences in Tanzania. Net debt was £3m at the end of June 2023. The share price slid 4.82% to 9.875p.
Coinsilium (LON: COIN) group revenues fell by nearly three-fifths, but the loss reduced from £1.2m to £104,000. There is £1.07m of crypto assets and cash of £608,000. The share price was reduced by 3.7% to 1.3p.
Guanajuato Silver (LON: GSVR) revealed an upgraded mineral resource estimate for the San Ignacio mine. The estimate is 790,000 tonnes at 123g/tonne silver and 2.1g/tonne gold. The silver equivalent of estimated resources is increased by 35%. The share price fell 2.63% to 18.5p.
SulNOx Group (LON: SNOX) has secured a Eurasian patent for a range of formulisations of its emulsifiers. Lord Nicholas Fairfax acquired 28,000 shares at 20.44p each. The share price declined 2.33% to 21p.
NFT Investment (LON: NFT) had net assets of 3.04p/share at the end of September 2023. That includes £400,000 of cash, £3.9m of investments and £26.3m of cryptocurrency and tokens. The share price fell 1.61% to 1.525p.
Chapel Down (LON: CDGP) increased interim revenues by 21% to £8.4m and the momentum has continued. Net cash was £1.2m at the end of June 2023. A good grape harvest is expected. Full year revenues are expected to rise from £15.6m to £18m, but pre-tax profit would be flat at £1.7m. Management is considering a move to AIM. NAV is 60p/share. The share price slipped 1.1% to 45p.