There were four companies that left AIM during February with only one new admission to replace them. Two of the companies were taken over, while one was in administration and the other left to conserve cash. 13 February 2023 Morses Club Credit provider Morses Club cancelled its AIM quotation because it needs to save cash […]

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PetroNeft Resources (LON: PTR) says that chief executive Pavel Tetyakov is a potential buyer for its Russian assets. This will require shareholder approval. The share price increased 133% to 1.05p. There is no indication of how much could be raised. Given current macroeconomic conditions the price PetroNeft can get for these assets may not be […]

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TV programmes producer Zinc Media (LON: ZIN) says 2022 revenues beat recently upgraded estimates through organic growth and a better than expected contribution from recent acquisition The Edge. That should mean that the loss should be lower than the £1.4m forecast. Zinc Media has already secured £15m of revenues for 2023, compared with the full […]

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Interim figures for Vast Resources (LON: VAST) show revenues improving by 69% to $1.93m and the loss declined to $5.1m. The share price jumped 210% to 0.65p. John Nettleton reduced his stake from 3.49% to 2.7%. Restructuring of mining operations increased capacity at the Baita Plai polymetallic mine. Production is increasing month-on-month. In Zimbabwe the […]

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Conroy Gold and Natural Resources (LON: CGNR) is rising on the back of Thursday’s news of gold lodes intersected between the Clontibret gold deposit and Corcaskea gold target. There are three gold lode zones with grades of up to 8.3g/t gold over 0.5 of a metre. This increases the potential for the 65km gold trend […]

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Interim figures for Vast Resources (LON: VAST) show revenues improving by 69% to $1.93m. Restructuring of mining operations at the Baita Plai polymetallic mine increased capacity. Production is increasing month-on-month. The share price jumped 50% to 0.45p. Finance provider Morses Club (LON: MCL) says funders have extended the term-out clause on debt to the end […]

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There were relatively significant trading volumes in investment company Craven House Capital (LON: CRV) in the last three days of the week. There had been hardly any trading in the rest of January. There were seven trades last week totalling just over 39,000 shares worth around $7,300. The AGM was held on Friday and all […]

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Credit provider Morses Club (LON: MCL) has recovered all of yesterday’s loss and risen 241.7% to 1.6025p. JO Hambro sold its shareholding of 8.8 million shares. It previously said it intended to vote for the proposed AIM cancelation. Chris Akers has increased his stake in Asimilar (LON: ASLR) from 6.63% to 7.41%. The share price […]

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Ceramics and giftware company Portmeirion (LON: PMP) beat sales expectations by £4m in 2022. Currency movements helped, but there were additional volumes with the UK doing better than anticipated. Pre-tax profit should be £8m. Energy costs are hedged until the first quarter of 2024. The share price jumped 17.1% to 377.5p, which means that Portmeirion […]

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Blackbird (LON: BIRD) has revealed that its major partner is EVS Broadcast Equipment, which has already announced a $50m, ten-year deal with a US broadcaster that includes Blackbird’s video editing technology. The Belgium-based live video technology developer has a strong market position in sport and news and Blackbird completed the development and integration of its […]

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Michelmersh Brick (LON: MBH) expects 2022 pre-tax profit to be ahead of expectations and it is acquiring pre-built brick products manufacturer and brick fabricator Fabspeed for an initial £6.25m. The Fabspeed acquisition will be earnings enhancing. There could be up to £2m more payable depending on performance over 24 months. A share buy back programme […]

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Digital services provider Made Tech Group (LON: MTEC) continues its recent share price recovery on the back of a £10m contract with the Home Office. There is a six-month extension that could be worth a further £2m. This is a renewal and extension of a previous contract that generated £6m. The share price improved 10.8% […]

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Shares in retailer Joules (LON: JOUL) have reacted positively to a statement last night. Management says that the turnaround plan is progressing. Joules is still considering how to raise additional finance. The share price recovered by 25.8% to 6.29p. Angus Energy (LON: ANGS) says Saltfleetby gas flow rates will be ramped up to 6 million […]

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Beauty brands supplier Brand Architekts (LON: BAR) expects an 11% decline in 2021-22 revenues to £14.2m – even with a one month contribution of £800,000 from Innovaderma. The group is loss-making, although there should be cost savings to come from integrating Innovaderma. Net cash is £11.3m. The share price dived 19.1% to 46.5p. Mattresses retailer […]

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Credit provider Morses Club (LON: MCL) says an increasing level of customer redress claims means that it is considering a scheme of arrangement. This could provide certainty about the potential total level of claims over a set period. Management is talking with the FCA. The scheme would have to be approved by the majority of […]

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Digital and home credit provider Morses Club (LON: MCL) says that there is an increase in complaints about its home collected credit division that have been submitted by claims management companies. This could hit the first half trading performance. The share price fell 21.7% to 8.14p and it is less than 5% of its peak […]

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