Retailer TheWorks.co.uk (LON: WRKS) is closing its online channel and moving to a non-transactional website. Online is making a small and reducing contribution to revenues. There will be exceptional costs of £2m. There are plans to open more stores. Like-for-like growth has been 3.3% this year and the company expects to meet market EBITDA expectations […]

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Greatland Gold (LON: GGP) is changing the domicile of the holding company to Australia. This will be called Greatland Resources Ltd and is part of the process of gaining a listing on ASX. The AIM quotation will be retained. The share price rose 16.7% to 14p. Oracle Power (LON: ORCP) has published further assay results […]

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Tekcapital (LON: TEK) has published a portfolio update showing the progress made during 2024. This was a period when investee companies MicroSalt (LON: SALT) and GenIP (LON: GNIP) joined AIM. The remaining unquoted investee company Guident is set to join Nasdaq this year. The value of the investment portfolio increased 38% to $64.2m. NAV is […]

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Sound Energy (LON: SOU) has completed the sale of a 55% interest in the Tendrara concession and a 47.5% interest in each of the Grand Tendrara and Anoual exploration permits in Morocco. There will be a $12m payment in phase 1 and $1m in phase 2 development back costs. Sound Energy will retain a 20% […]

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Virtual reality technology developer Engage XR (LON: EXR) generated record interim revenues of €2.2m, but the full year loss is still expected to be flat at around €4m and net cash should be €3.7m. Management believes profitability can be achieved in late 2025. The share price recovered 15.4% to 0.75p. Oil and gas explorer Petrel […]

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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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Filtronic (LON: FTC) has secured a £15.8m order for E-band amplifiers from SpaceX, which is part of a five-year strategic partnership. SpaceX is receiving warrants over up to 10% of the telecommunications technology developer. The first tranche is exercisable when £30m of orders have been made for E-band amplifiers and the second when there is […]

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Biome Technologies (LON: BIOM) has been awarded a £452,000 contract to supply an induction furnace system to a manufacturer of scientific glass products. This is a new application. The installation should be completed in 2024, although some revenues may be recognised in 2023. The share price is 11.8% higher at 142.5p. Offshore services provider Tekmar […]

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Finance provider Sancus Lending (LON: LEND) shares had been declining prior to this week. The share price has jumped 138.5% to 1.55p today on the back of chief executive Rory Mepham buy one million shares at 0.51p each. Last week, Somerston Fintech and Golf Investments increased their combined stake from 55.5% to 56.6%. Yourgene Health […]

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Tertiary Minerals (LON: TYM) has signed a technical co-operation agreement with First Quantum Minerals for two copper projects in Zambia – Mukai and Mushima North. Mukai is next door to First Quantum’s Trident project. First Quantum also has interests in the same region as Mushima North. First Quantum will supply historical exploration date for the […]

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Sound Energy PLC (LON:SOU) have seen their shares dive as the firm gave an update on its operations in Morocco. The firm said that it has not yet seen proof of funds from a private energy firm who agreed to buy its assets in Morocco in November. Sound Energy told the market that the deal […]

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AIM and London-based upstream gas firm Sound Energy Plc (LON:SOU) saw their share price dip to a 52-week low yesterday. The news puts the company at the fore of many an avid investor’s agendas for the day, with online forum’s reeling at the news that the firm’s shares dipped as low as 11p during trading […]

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