Pipehawk (LON: PIP) is selling Utsi Electronics to Hong Kong company Leidi Global Supply for £1m. A £25,000 deposit has been paid. This subsidiary lost £464,000 last year. Stripping that out, Pipehawk would have made a pre-tax profit of £154,000. This leaves utility infrastructure detection company Adien and rail-focused Thomson Engineering Design. The share price […]

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Maritime technology provider SRT Marine Systems (LON: SRT) reported interims in line with expectations by swinging from a loss to a pre-tax profit of £3m as income from sizeable contracts starts to come through. Net debt has fallen to £4m since the end of 2024. Cavendish is not producing forecasts but says that this year […]

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Gaming content provider Mobile Streams (LON: MOS) says the Mexican casino and sports book business, where it has a 22.7% stake, has completed the beta phase and onboarding of VIP clients will begin. Chairman Bob Moore has left the company. John Baker will be interim chairman. The share price soared 46.3% to 0.1075p – the […]

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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 […]

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Horizonte Minerals (LON: HZM) has secured a $20m interim funding package provided by major shareholders Orion, Gencore and La Mancha. Interest payments are being deferred by existing senior lenders. Management is reviewing the long-term project funding requirements for the Arafuaia nickel project. Full funding is targeted for the middle of 2024. The share price recovered […]

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Newly renamed Acuity RM Group (LON: ACRM), it was previously Drumz, has won a new customer for its risk management software. It is a leading British insurance company, but the initial order is small. There should be further opportunities generated by the company’s partners. The share price recovered 48% to 9.25p. which is the highest […]

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Trading in digital media company Catenae Innovation (LON: CTEA) shares has recommenced after it published its 2020-21 accounts and interims to March 2022. They bounced back by 34.3% to 0.235p. There was a £993,000 cash outflow from operations last year and that was reduced to £283,000 in the latest interims. There was cash of £337,000 […]

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Hutchmed (China) (LON: HCM) says there were positive results from a phase 3 clinical trial that combined its gastric cancer treatment fruquintinib combined with paclitaxel. There was a statistically significant improvement in progression-free survival. The share price jumped 11.6% to 183.2p on the news, but it is still two-thirds down on the start of the […]

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The new management team at Trellus Health (LON: TRLS) is reducing the cash burn and there should be nought cash until the end of 2024. Trellus Health intends to provide personalised care for people with chronic conditions with the initial focus being inflammatory bowel disease (IBD). The service offered is what the company calls resilience-driven […]

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Battery cells developer AMTE Power (LON: AMTE) has signed a framework deal with the UK Battery Industrialisation Centre to produce up to 60,000 Ultra High Power cells annually. The cells are fast charging and have high power delivery. Production commences in three months and the cells will be used for in-vehicle trials by potential customers […]

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Metals explorer Power Metal Resources (LON: POW) announced a positive update for its Molopo Farms complex project in Botswana. This made it the biggest riser on the week with the share price jumping 82.9% to 1.6p. Two ground-based electromagnetic geophysics surveys highlighted a large shallow dipping magnetic conductor at a hole drilled in 2020-21. Further […]

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Mobile content distributor Mobile Streams Plc (LON: MOS) saw its share price dive on the release of its trading update, which revealed a disappointing set of results for the full year ended June 30 2019. The Company posted an Ebitda loss of £1.0 million, which narrowed from £1.2 million for the same period year-on-year. Further, […]

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