Do not worry about the delays Simon, just keep on winning and bringing in the new orders.
It must be an incredibly difficult and tortuous task negotiating with and contract preparing with overseas government bodies.
But that is what SRT Marine Systems (LON:SRT) has been patiently handling over the last few years, as it has been creating new international markets for its world-leading maritime surveillance, monitoring and management systems.
During the intervening times, from design to selling to implementing, the group has run down its cash reserves as it strained its way to ...
Payment services provider Bango (LON: BGO) has suffered a poor 2024 and the share price is bouncing around the low for the year. To show his confidence in the business, chief executive Paul Larbey and another family acquired 46,096 shares at 97.45p each. In October, they bought a total of 36,437 shares at 104.24p each. Paul Larbey and family owns 150,857 shares in Bango.
West Elk Capital recently acquired a 5.16% shareholding. Liontrust had previously cut its stake to 5.05%.
Business
Bango offers a SaaS platform that enables online merchants to handle payments more efficiently. Bango has devel...
One Media IP (LON: OMIP) is selling TCAT, which monitors unauthorised exploitation of music, to digital agency Round Group in return for a 5% stake in the purchaser. This will improve group profitability, while having some exposure to the potential upside from the technology.
Digital agency Round Group and it uses technology for marketing campaigns. It has three existing shareholders: Aaron Sayer, Jacob Sayer and Vishal Ramakrishnan. Round Group had net assets of £220,000, including cash of £282,000, at the end of April 2023.
One Media IP developed the Technical Copyright Analysis Tool (TCAT) ...
KR1 (LON: KR1) had net assets of 57.79p/share at the end of October 2024, down from 62.15p/share at the end of the previous month. There was nearly £600,000 of income generated from digital assets during the month. The share price jumped 24.8% to 85.5p.
WeCap (LON: WCAP) has converted £7.75m of loan notes in WeShop Holdings in return for 3.21 million shares, which is 1.33 million shares at 300p each and 1.875 million shares at 200p each. This increases the shareholding to 16.2%, including shares owned by 235%-owned Community Social Investments. WeCap says that the value of the shareholding is £24.6m, based on the last fundraising share price of 476p. WeCao has extended the discounted capital bond issued to Hawk Holdings for 18 months. The total owed is £6.18m. The WeCap share price increased 7.69% to 1.05p, which capitalises the company at £4.3m.
Wishbone Gold (LON: WSBN) has appointed Tony Moore as chairman and Jack Sun as finance director. The share price improved 6.67% to 0.32p.
SulNOx Group (LON: SNOX) has appointed Fuelonomics Hydrocarbons Innovations as distributor of SulNOxEco fuel conditioners in Nigeria. The share price rose 4.81% to 54.5p.
Vinanz Ltd (LON: BTC) has received the initial order of Bitcoin miners and they are up and running in Nebraska. The share price moved up 0.885% to 14.25p.
Arbuthnot Banking Group (LON: ARBB) chairman and chief executive Sir Henry Angest has bought 116,000 shares at 900p each. He owns 58% of the voting shares. The share price edged up 0.822% to 920p.
FALLERS
Incanthera (LON: INC) has been accused of potential patent infringement in the formulation of its Skin + Cell skincare range. Even though Incanthera believes that there is no merit to the accusation, but the launch of the Skin + Cell range of products has been delayed. There is cash in the bank following a £2.6m subscription at 15p/share. The share price recovered from an all-time low earlier in the week, but it still slumped 57.4% to 5.75p.
Electric vehicle technology developer Equipmake (LON: EQIP) increased full year revenues by three-fifths to £8.1m. Bus repowering revenues grew fastest, but this is labour intensive at low volumes. The loss increased from £5m to £9.1m. The cash outflow from operations declined from £9m to £6.29m. Costs are being reduced. There was £2.5m in the bank at the end of May 2024. A potential licensing agreement could provide cash flow over the next two years. The share price declined by one-fifth to 2p.
Barry Hersh has reduced his stake in Global Connectivity (LON: GCON) from 6.97% to 5.96%. The share price fell 3.45% to 0.7p.
Invinity Energy Systems (LON: IES) has hired Adam Howard as finance director. He was previously at the National Walth Fund. The share price dipped 2.04% to 12p.
Oracle Power (LON: ORCP) has received the final batch of assay results for the drilling at the Northern Zone intrusive hosted gold project. These show high grades over an expanded area. A mineralisation report is expected by the end of November and then a mining lease application will be submitted. Cantor Fitzgerald has reduced its stake, and Mahfuz Chowdhury has taken a 3.72% shareholding. The share price soared 171% to 0.032p.
TomCo Energy (LON; TOM) subsidiary AC Oil has applied to the Utah authorities for a permit to drill six holes on its lease area near Vernal, Utah. If approved, the drilling could start in 2025. The share price doubled to 0.07p.
Orosur Mining Inc (LON: OMI) has completed the acquisition of Minera Monte Aguila giving it 100% ownership of the Anza gold project in Colombia. Drilling has commenced at Pepas. The share price increased 80.8% to 4.7p.
Quadrise (LON: QED) has signed two long-awaited agreements. The deal with shipping company MSC and Cargill involves production of bioMSAR and MSAR fuels in Antwerp and will enable vessel trials on board the MSC Leandra. Cargill will supply feedstocks and sell the fuels to MSC. The trial should start in the first quarter of 2025. There is also an agreement with fuel supplier Auramarine to develop decarbonisation products in the marine sector. They will enable companies to comply with new environmental regulations. The share price improved 69% to 3.3p.
FALLERS
i-nexus Global (LON: INX) intends to leave AIM. The cloud-based software provider says poor share price performance and liquidity has led to the proposal. There should be direct cost savings of £250,000. The business has been consistently loss making. There is a three-year growth plan. i-nexus Global raised £10m at 79p/share when it joined AIM in June 2018. The cancellation will happen on 27 December if shareholders agree. The share price has recovered some of its initial loss – it fell to 0.65p at one point – but it is still down 44.4% to 1.75p. The market capitalisation is £500,000.
Helix Exploration (LON: HEX) reports that the Amsden formation at the Clink#1 well in the Ingomar Dome in Montana has sub-economic grades of helium. Amsden was always thought to be a small proportion of the potential resource. The more important Flathead formation at the same well had 2.5% helium. The company believes that there could be helium below the Amsden formation and there will be appraisal testing of the Charles formation. Investor sentiment is likely to be volatile and the share price slumped 29.1% to 14.75p.
There was no news from ImmuPharma (LON: IMM), but Aquis-quoted investee company Incanthera (LON: INC) has been accused of potential patent infringement in the formulation of its Skin + Cell skincare range. Even though Incanthera believes that there is no merit to the accusation, but the launch of the Skin + Cell range of products has been delayed. There is cash in the bank following a £2.6m subscription at 15p/share. ImmuPharma sold its 9.9 million shares in Incanthera, raising £1.5m, but it still holds 7.3 million warrants exercisable at 9.5p each. These had been in the money, but the share price has slumped well below the exercise price. The 24.3% decline in the ImmuPharma share price to 1.185p appears overdone on this basis.
ECR Minerals (LON: ECR) says that the potential buyer of assets in Victoria and related tax losses of A$75m is assessing the appropriate structure of the deal. The exclusivity has been extended to the end of January. ECR Minerals is raising £950,000 at 0.33p/share. The cash will be used to advance projects in Victoria and Queensland, including completing assessment of gold production at Blue Mountain, which could be generating revenues in the near future. The cash will fund the 2025 programme of work. ECR Minerals is collaborating with James Cook University in Queensland for the exploration of the Lolworth rare earths project. The share price fell 24.1% to 0.315p.
The FTSE 100 is taking a liking to the 8,280 level, having spent the last two sessions moving little more than 10 points in either direction as trade quietens down for the Thanksgiving period.
A lack of global macro catalysts and a slow corporate calendar has kept London’s leading index tethered to a tight range after a reasonably strong start to the week.
“The FTSE has held onto modest gains earned earlier this week, with few cues to take from global markets after the US took a breather to gather for Thanksgiving. Retail stocks will be on traders’ minds today as shoppers trawl the aisles and their screens for Black Friday bargains,” said Derren Nathan, head of equity research, Hargreaves Lansdown.
There was some evidence of buying pressure in the FTSE 100’s retailers, but nothing to write home about. B&M, Sainsbury’s, Next, and Kingfisher were all higher but struggled to rise more than 1%.
Investors also favoured the housebuilders after Zoopla data gave the market reason to be upbeat about the UK property market next year.
“Real estate is another sector in focus after the latest Zoopla House Price Index report painted an optimistic picture for sellers in 2025. After prices rose 1.5% in the year to October, it’s expecting a 2.5% bump to prices in 2025 and a 5% rise in volumes.
“Zoopla’s not forecasting much movement if any in Mortgage rates over 2025 but does think that lenders will have a more relaxed approach to affordability assessments. Activity is likely to be particularly elevated over the coming months as buyers rush to avoid the return of higher stamp duty rates in April. Agreed sales are currently 19% higher than they were 12 months ago.”
Persimmon ticked 0.7% higher and Taylor Wimpey added 0.4%.
Strength in mining companies and IMI was offset by weakness in banks and utility companies. BAE Systems was the top faller after Bank of America cut the defence stock to ‘underperform’ and slashed its price target to 1,240p.
Webis (LON: WEB) shares have recovered 50% to 0.21p following final results, even though it is set to leave AIM. The US-focused betting company reported flat revenues of $50m and an increase in loss from £745,000 to £1.06m. Net cash is $565,000. Management believes that leaving AIM will make the company more attractive for partnerships and acquisitions,
Shares in investment company APQ Global (LON: APQ) have returned from suspension after the interim figures were published. The NAV was 24.9 cents/share at the end of June 2024. The strategy is to generate cash to pay off the convertible loans, where the total liability is $37m. The share price increased 18.2% to 6.5p.
Botswana Diamonds (LON: BOD) has gained environmental authorisation for one of the two mining permit applications at the Thorny River project. A mining permit should be granted within six weeks. The company believes that 1.7M tons of kimberlite could be mined during the life of the mine. The share rice improved 10.5% to 0.21p.
Building services provider Northern Bear (LON: NTBR) interims show a small improvement in revenues from £36.9m to £37.6m, but higher overheads meant that pre-tax profit dipped from £1.68m to £1.54m, although this was slightly better than expected. There was an operational cash inflow of £2.2m. Net debt is £1.4m. Hybridan forecasts a dip in full year pre-tax profit from £2.14m to £1.84m, although there is potential for an upgrade. The share price rebounded 7.92% to 54.5p.
FALLERS
Pharma testing company genedrive (LON: GDR) increased annual revenues from £60,000 to £500,000, but the loss rose from £5.98m to £7.75m. There was cash of £5.2m at the end of June 2024. The strategy is commercialisation of the company’s tests in the UK and prioritised international markets. The share price dipped 8.89% to 2.05p.
Good news for Strategic Minerals (LON: SML) subsidiary Cornwall Resources as the UK Criticality Assessment 2024 reaffirms the critical designation of tungsten and tin. The company is trying to push forward with the development of the Redmoor project. The share price fell 7% to 0.225p.
Atlantic Lithium (LON: ALL) says that the ratification of the mining lease would be the final regulatory step to commencing construction of the Ewoyaa lithium project in Ghana. This ratification has been delayed by an election. Atlantic Lithium is cutting costs. The weaker lithium price is also making the financing more difficult. The share price declined 5% to 11.6p.
Supercapacitors developer Cap-XX (LON: CPX) improved full year revenues by 26% to A$4.6m as product sales were two-fifths ahead. This reflects the focus on product sales and developing the distribution network. The underlying EBITDA loss decreased from A$1.73m to A$1.57m. The current order book is worth A$2.1m. The £3m fundraising was after the balance sheet date. The share price slipped 4.51% to 0.1375p.
Majestic Corporation is a unique proposition for UK investors seeking a more sustainable form of exposure to critical minerals than traditional mining companies. No other ‘urban mining’ e-waste recycling pure-play listed on London’s exchanges has successfully achieved Majestics scale, revenues and profitability.
As the world races to deploy clean energy technologies, a critical shortage of minerals threatens to derail progress.
However, a new International Energy Agency (IEA) report reveals that recycling and “urban mining” could reduce the need for new mining projects by 25-40% by 2050 while creating a market worth $200 billion and avoiding the destruction of biodiversity.
Urban mining companies such as Aquis-listed Majestic Corporation specialise in extracting valuable minerals from discarded electronics, batteries, and other waste products that contain high concentrations of critical materials. These companies are becoming increasingly important as traditional mining alone cannot meet the surging demand for minerals essential to electric vehicles (EVs), wind turbines, and solar panels. Many of the metals processed by urban miners can also be deployed in the wider economy with broad applications in construction and industry.
“Recycling is indispensable to the security and sustainability of critical minerals supply for clean energy transitions,” the IEA report states. The analysis shows that without increased recycling, mining investment requirements would be 30% higher – meaning an additional $240 billion in capital spending would be needed through 2040 to meet demand.
The economics are compelling: recycled minerals typically generate 80% lower greenhouse gas emissions compared to primary mining while using 80% less water. For copper, one of the most critical metals for electrification, recycling could provide up to 40% of supply by 2050 in a scenario aligned with countries’ climate pledges.
The surge in EV adoption is creating particularly urgent recycling needs. By 2050, end-of-life EV batteries could provide 20-30% of the lithium, nickel and cobalt required for new batteries. China currently dominates this emerging industry with over 80% of global battery recycling capacity.
However, current recycling rates are falling behind rapidly growing consumption. The report notes that copper recycling’s share of total supply dropped from 37% in 2015 to 33% in 2023, while nickel recycling declined from 33% to 26% during the same period.
The report emphasises that recycling alone cannot eliminate the need for new mines but can significantly reduce pressure on primary supply while enhancing energy security, particularly for countries that lack domestic mineral resources. For example, in Europe, secondary supply from batteries could meet about 30% of the region’s lithium and nickel demand by 2050.
The IEA’s analysis shows the recycling market is ripe for investment, with market values for recycled battery metals growing elevenfold between 2015 and 2023. This growth comes as governments worldwide implement new policies to boost collection rates and recycling infrastructure, recognising both the economic opportunity and environmental imperative of creating more circular mineral supply chains.
Source: IEA
The graph above illustrates the different stages of processing and recycling critical minerals. Majestic Corporation’s operations involve collecting, sorting, separating, and processing end-of-life feedstock.
Majestic has established a network of affiliates globally that collects, processes, and ships e-waste, including chipboards, EV batteries, and solar panels, to smelters that melt the metals down and return them to the supply chain.
Majestic Corporation is the foremost London-listed critical minerals recycling pureplay, generating revenues of $25m in the first half of 2024, nearly doubling the $13m revenue in the same period last year.
Having established a network that spans the US, Asia, and Europe, the company is expanding its operations in the UK through the acquisition of a facility in Deeside, Wales, to harness the opportunity in the UK’s abundance of e-waste containing critical minerals vital for the green transition and wider economic growth.
Next Tuesday morning will see the announcement of the final results for the year to end-September by the Greencore Group (LON:GNC), the world’s biggest sandwich maker.
And I am not talking about the size of its sandwiches, but instead the number that they produce for retailers of all sorts across the UK and Ireland.
The figures will be good, as we have been promoting over the last year, and should show that the group’s shares are well worth taking a bite, that is if you have not already nibbled.
The Business
As one of the leading manufacturers of convenience foods in th...
TI Fluid Systems’ steadfast approach to ABC Technologies’ takeover pursuit has secured shareholders 200p per share in a takeover deal announced on Friday.
ABC Technologies’ acquisition of TI Fluid Systems for 200p per share in an all-cash deal values the company at £1.039 billion.
The offer represents a significant premium of 54.5% over TI Fluid Systems’ 90-day average share price prior to September 13, 2024, when ABC first approached TI Fluid.
TI Fluid Systems’ board rebuffed two initial offers of 165p and 176p before ABC upped their offer to 200p.
The acquisition comes as TI Fluid Systems, a global leader in automotive fluid management systems, navigates the industry’s transition toward electric vehicles. The company has been implementing its “Take-the-Turn” strategy since 2021, focusing on expanding its thermal management products for electric vehicles and strengthening its presence in the Chinese market.
Despite showing promising progress in adapting to industry changes, TI Fluid Systems has faced challenges from ongoing disruption in the global automotive sector.
According to a statement released on Friday, global light vehicle production is expected to decrease from 90.5 million units in 2023 to approximately 88.5 million units in 2024, particularly affecting European manufacturers.
