Cap-XX (LON: CPX) has settled its patent litigation with Maxwell/Tesla, but the terms are confidential. Management does say that any payments are not considered material. The share price recovered 48.7% to 0.275p.
Natural resources data and information provider Getech (LON: GTC) had a poor 2023, but there are more positive expectations this year. Revenues in 2023 dipped from £5.1m to £4m and the loss increased. This year revenues are expected to recover to £5.5m and operational gearing means that Getech could breakeven and move into profit next year. The share price improved 6.06% to 8.75p, which is less than six times forecast 2025 earnings.
Science and technology consultancy Science Group (LON: SAG) is increasing its dividend by three-fifths to 8p/share and it is still more than four times covered by earnings. Costs related to the TP Group acquisition held back profit. Net cash was £18m at the end of 2023. No R&D is capitalised. The share price rose 5.9% to 395p.
Silver Bullett Data Services (LON: SBDS) has won £1.7m of new AI digital services contracts. This includes renewals with Heineken and Greene King. The Heineken contract covers its international subsidiaries. The share price is 5.08% higher at 155p.
FALLERS
Events organiser Live Company Group (LON: LVCG) has returned from suspension down 53.7% to 0.95p. This follows a refinancing and sale of majority interest in StartArt. Creditors are being settled in shares and a £1.77m convertible loan provided by the chairman, as well as converting some of his loan notes. A placing raised £352,000 at 1p/share. There could be more cash to come from strategic investors.
Blue Star Capital (LON: BLU) reported a slump in NAV from £11.4m to £5.33m at the end of 2023. That includes cash of £63,000. Writing down the valuations of Dynasty Media & Gaming and Sthaler were a large part of the decline in NAV. Another investee company, SatoshiPay, is undertaking a formal sales process. This stake is valued at £4.65m. The share price is 10.8% lower at 0.029p, which values the company at £1.5m.
Scientific instruments manufacturer Judges Scientific (LON: JDG) continues its impressive record of organic growth, although investors appear to be concerned about the uncertainty concerning the timing of an expedition using Geotek geological coring equipment. Whatever happens with this business organic growth is set to continue this year. The order book is lower than last year’s that was boosted by a recovery in demand from China, but the underlying figure is still 17 weeks, so this is not a concern. In 2023, pre-tax profit improved from £28.3m to £31.7m. The share price slipped 6.68% to 10825p.
Neometals (LON: NMT) says 70%-owned Reed Advanced Materials and Lifthium Energy have ceased discussions about a lithium refinery in Portugal. Reed will fund the final stage of the pilot test work for its Eli process and pursue a licensing model. The share price declined 5.71% to 8.25p.
Yesterday, Mobile Streams (LON: MOS) raised £301,000 at 0.0425p/share and these shares came with warrants to subscribe for one share at 0.15p. An additional £100,000 could be raised if there is demand. The share price fell 5.56% to 0.0425p.
Ex-dividends
Craneware (LON: CRW) is paying a dividend of 13p/share and the share price was down 10p to 2210p.
Fonix Mobile (LON: FNX) is paying a dividend of 2.6p/share and the share price is unchanged at 265p.
GlobalData (LON: DATA) is paying a dividend of 3.2p/share and the share price increased by 0.5p to 184p.
Globalworth Real Estate Investments (LON: GWI) is paying a dividend of 11 cents/share and the share price is 1 cent higher at 249 cents.
Hargreaves Services (ON: HSP) is paying an interim dividend of 18p/share and the share price declined 16p to 510p.
MTI Wireless Edge (LON: MWE) is paying a final dividend of 3.1 cents/share and the share price fell 2.5p to 46.5p.
Nichols (LON: NICL) is paying a dividend of 15.6p/share and the share price rose 25.5p to 1003.5p.
NWF (LON: NWF) is paying an interim dividend of 1p/share and the share price is unchanged at 214p.
FW Thorpe (LON: TFW) is paying an interim dividend of 1.7p/share and the share price slipped 4p to 376p.
Tristel (LON: TSTL) is paying an interim dividend of 5.24p/share and the share price fell 7.5p to 452.5p.
