Western Selection (LON: WESP) has sold its liquid investments and it has £14.55m in the bank. It has illiquid investments in Industrial and Commercial Holdings and City Group are in the books for £46,000. The investment company is returning 80.5p/share in cash to shareholders and withdrawing from the Aquis Stock Exchange. The other investments will eventually be sold. Shareholders will be given the option to retain shares until the other investments are sold. The share price jumped 47.1% to 62.5p.
TruSpine Technologies (LON: TSP) reported an interim cash outflow from operating activities of £80,000, down from £508,000 in the corresponding period. There was net debt of £277,000 at the end of September 2023. Discussions continue with Spartan Medical concerning a new redistribution contract. The share price is 13.6% higher at 1.25p.
Marula Mining (LON: MARU) has completed phase 1 exploration activities at Nyorinyori and NyoriGreen projects. An initial report will be received in January. This, combined with assay results, will help to plan phase 2 of the exploration in the first quarter of 2024. The share price improved 7.14% to 13.125p.
KR1 (LON: KR1) had net assets of 76.56p/share at the end of November 2023. The income from digital assets during the month was £939,000. The share price increased 1.66% to 92p.
FALLERS
Tap Global Group (LON: TAP) generated trading revenues of £1.68m, based on trading payment volumes of £181.6m, taking total revenues to £2.02m in the year to June 2023. Revenues for the most recent five-month period were £1m. The company is still losing money. There was £2.3m in the bank at the end of June 2023. Tap Global plans to launch its cryptocurrency app in the US in the first quarter of 2024. The share price fell 4.88% to 1.95p.