Jarvis Securities (LON: JIM) has announced a first quarterly dividend of 1.75p/share and the shares go ex-dividend 22 February. Jarvis Securities did not pay a fourth quarter division for the previous financial year. The third quarter dividend was 2.25p/share. A FCA skilled persons review was ongoing, and this was hampering the ability to pay dividends, so today’s announcement is a positive sign. A phase 1C report is due to be published by the FCA. The share price has jumped 49% to 76p.
MicroSalt (LON: SALT) has announced a marketing collaboration with food and beverage exporter American Trading International. This will make the company’s low-sodium salt product available in up to 80 countries around the world. The share price has risen a further 14.7% to 97.5p. The placing price was 43p. Majority shareholder Tekcapital (LON: TEK) says that another investee company Guident is integrating its autonomous vehicle remote monitoring and control technology in the MiCa autonomous shuttle. The Tekcapital share price is 10.7% higher at 15.5p.
Sareum (LON: SAR) says it has completed the single ascending dose part of the food effect study for autoimmune disease treatment SDC-1801. This indicates that there are no serous adverse effects. The share price improved 13.3% to 42.5p.
FALLLERS
Renalytix (LON: RENX) has lost some of the gains from earlier in the week following the publication of interim results. Revenues fell from $2.16m to $1.17m. Net cash used in operating activities increased from $15.3m to $17.3m. There was cash of $5.62m at the end of 2023. Management admits that it will need to raise more cash. The share price is 29.7% lower at 32p, but it is still treble the level it was five days ago.
M&A activity remains weak at professional services network operator DSW Capital (LON: DSW) and that will hit this year’s profit. There appeared to be an improving trend, but January was poor and that hit network revenues. February is also set to be disappointing. The other activities are trading well. The 2023-24 pre-tax profit will be between £600,000 and £700,000, instead of previous expectations of £1.2m. There was cash of £2.7m at the end of January 2024. The share price slumped 17.4% to 50p.
Premier African Minerals (LON: PREM) has raised £2.475m at 0.275p/share. The cash will be used to complete payments for processing plant and equipment, plus operating costs, for the Zulu lithium project. Commercial production should resume by the end of February. The share price dived 14.4% to 0.2825p.
Gattaca (LON: GATC) is still finding the permanent staffing market difficult and first half net fee income is expected to decline 16% to £18.9m. This has led to downgrades for full year net fee income, but cost cutting has meant that the full year pre-tax profit forecast is maintained at £3m. The figures will be second half weighted. The share price slipped 11.2% to 111p.
Ex-dividends
BP Marsh (LON: BPM) is paying a dividend of 2.68p/share and the share price is unchanged at 450p.
Knights Group Holdings (LON: KGH) is paying an interim dividend of 1.61p/share and the share price is 0.75p higher at 136.25p.
Mattioli Woods (LON: MTW) is paying an interim dividend of 9p/share and the share price fell 10p to 580p.
Ramsdens Holdings (LON: RFX) is paying a final dividend of 7.1p/share and the share price slipped 5p to 187.5p.
