It is the last day of dealings for online building products retailer CMO Group (LON: CMO) and the share price has jumped 178.6% to 9.75p, and it is nearly back to the level when the AIM cancellation was proposed. URU Metals (LON: URU) shares continue to rise following the 25-for-one share split on 24 March. […]

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URU Metals (LON: URU) shares have bounced back after a decline just before the 25-for-one share split on 24 March. The adjusted share price doubled to 8p, which is the highest it has been for more than two years.   Online building products retailer CMO Group (LON: CMO) is leaving AIM on 27 March. Despite […]

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Increased trading levels in GCM Resources (LON: GCM) have led to a doubling of the share price to 2.8p. Trading levels have not been this high for around one year. Share buying has also pushed up the share price of online building products retailer CMO Group (LON: CMO), which is asking for shareholder approval at […]

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Share buying has pushed up the share price of online building products retailer CMO Group (LON: CMO), which is asking for shareholder approval to leave AIM. The share price recovered 103.4% to 3p. Weiss Korea Opportunity Fund (LON: WKOF) reported an NAV of 145.14p/share on 11 March. There have been two sells today and no […]

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Staffing firm Staffline (LON: STAF) is selling its workplace training business PeoplePlus for up to £6.9m – £12m minus £5.1m deduction for advanced payments. The change in government has led to uncertainty concerning training and delays in client decisions. PeoplePlus was expected to make a 2025 pre-tax profit of £300,000, down from £1.3m in 2024. […]

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Mercantile Ports & Logistics (LON: MPL) says 2024 revenues are expected to be £4.6m, which is lower than expected. Activity levels are improving. On the plus side, negotiations continue about the main debt facility and are expected to be resolved in the short-term. Hunch Ventures has provided a loan facility, that is so far undrawn. […]

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Sustainable laundry technology developer Xeros Technology (LON: XSG) is among the top AIM performers for a second week. Non-exec Klaas de Boer bought 3 million shares at 0.82p each and fellow non-exec David Armfield bought 2.6 million shares at 0.7602p each. Dowgate has increased its shareholding from 11.4% to 13.2%. The estate of William Black […]

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Trading in Trafalgar Property (LON: TRAF) shares was suspended after a 50% rise to 0.06p. The company has confirmed it is negotiating a reverse takeover of Ecap Esport. At the end of September 2023, Ecap Esport had net assets of £2.67m, including intangible assets of £3.94m, and its ultimate parent company was Esboz Ltd which […]

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Oil and gas company Prospex Energy (LON: PXEN) says current gross production of the PM-1 facility at the Selva Field – 37% interest – is 2.8mmcf/day. This is generating free cash flow of more than £6,000/day. The operator is Po Valley Energy. The Italian government has become more positive about oil and gas exploration. The […]

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Oriole Resources (LON: ORR) has confirmed receipt of the payment of $450,000 related to the earn-in agreement with BCM International for the Bibemi gold exploration project in Cameroon. BCM will spend $4m on exploration to earn 50% of the project. Drilling should resume in the first quarter. The share price is 17.1% higher at 0.24p. […]

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Online builders’ merchants CMO Group (LON: CMO) increased like-for-like 2022 revenues by 2%, but the market remains tough, and it will be difficult to raise revenues this year. At best, the market may recover in the second half. Online sales share of that market has fallen from the height of the Covid lockdowns, but the […]

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Online builders’ merchants CMO Group (LON: CMO) has had a tough time during 2022 and the share price fell by 83.5% to 28p. Revenues are growing, but profit is declining. CMO was founded in 2008 and the core business was acquired in a management buyout in 2017. It is the UK’s largest online retailer of […]

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Online builders’ merchants CMO Group (LON: CMO) says lower margin sales and stock availability mean that 2022 profit will be lower than expected. There is also a stock revaluation at Total Tiles. The share price fell by 14.5% to 29.5p. Stock availability concerns mean that orders are taking longer to be filled. There have also […]

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CMO Group (LON: CMO) fell 54.8% to 35p, making it the worst performer of the week. Last year’s placing price was 132p. The online retailer of building products says revenues in the 27 weeks to June 2022 are 10% ahead, or 2% higher like-for-like. Full year guidance is that 2022 revenues will increase from £76.3m […]

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CMO Group (LON: CMO) is the largest faller on the day having almost halved to 39p – last year’s placing price was 132p. The online retailer of building products says revenues in the 27 weeks to June 2022 are 10% ahead, or 2% higher like-for-like. Guidance is that full year revenues will increase from £76.3m […]

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CMO Group is the largest online retailer of building materials in a market where pure online businesses still have a relatively small share. CMO can grow on the back of the continued move to online. There are also plans to combine the company’s websites in one unified website. Longer-term growth will come from adding more […]

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