AIM movers: Mothercare breaches financial covenant and TAP Global Bitcoin service

Andrew Hore
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9
AIM movers: Mothercare breaches financial covenant and TAP Global Bitcoin service

Tap Global Group (LON: TAP) has launched a Bitcoin Treasury as a Service offering for listed companies. This follows the increasing prevalence of companies turning to a Bitcoin-based treasury strategy. The service helps to gain the best prices and reliable conversion of currency for purchases and sales. The share price jumped 30.2% to 2.8p.

Strategic Minerals (LON: SML) has provided a further update on drilling at the Redmoor tungsten deposit. A further three holes have been drilled and all show high-grade zones. The tungsten price has been rising this year, and it has topped $600/mtu during October. This is much higher than the price used in the last study for the project. NPV8 was $128m. The share price rose 8.57% to 0.95p, having been as high as 1.1p.

Connection systems for automotive glazing and batteries supplier Strip Tinning Group (LON: STG) has received the purchase order for the D phase of the Zoox Robotaxi project and this will be delivered over the next six months. Despite tough trading conditions, due to tariffs and supply restrictions management is confident of achieving market expectations. A £269,000 R&D tax credit has been received. The share price improved 19.6% to 27.5p.

Restaurants operator Various Eateries (LON: VARE) expects full year revenues to be £52.4m, which was ahead of expectations. Pre-tax loss will be reduced from £3.6m to £2.9m after the absorption of higher labour costs. Like-for-like sales wee 4% higher in the fourth quarter. Zeus has reduced its forecast 2025-26 loss from £4m to £2.5m on revenues of £56.6m. The cash in the bank is being spent on new openings. The share price increased 12.5% to 11.25p.

FALLERS

Arc Minerals (LON: ARCM) has ended its joint venture with Anglo American, which is merging with Teck, in Zambia. This covered the Domes region, which is an area where there have been recent copper discoveries. No drilling has taken place this year despite plans for significant spending on exploration. Arc Minerals is also involved in legal disputes in Zambia. There could be other large miners interested in the Domes licences if those disputes are sorted out. The share price slumped 54.8% to 0.475p.

Retailer Mothercare (LON: MTC) has breached its financial covenant on its £8m debt facility, so it is repayable on demand. The lender has not demanded repayment. Mothercare says the trustee of its group pension fund has agreed to defer pension contributions for the rest of the financial year to March 2026. This takes the total deferred payment for this year to £3m. Payments will be resumed on 19 April at a level to be decided. The share price dipped 14.1% to 2.75p.

Aura Energy (LON: AURA) chief executive Andrew Grove has resigned, although he will support the business for six months. Philip Mitchell will continue as executive chair and oversee day-to-day operations. Aura Energy has the Tiris uranium project in Mauritania. The share price slid 14.3% to 9p.

CleanTech Lithium (LON: CTL) has chosen not to make the second and third payments of the purchase agreement for 23 licences at Laguna Verde in Chile. The payments were based on reaching milestones within a certain period of time. This means that 49% of the holding company of the licences could revert to the original vendors, although there is a right to buy the shares back. The share price declined 8.33% to 5.5p.

Hargreaves Services starts to unlock asset value

Andrew Hore
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0
Hargreaves Services starts to unlock asset value

Hargreaves Services (LON: HSP) has made initial renewable asset sales earlier than anticipated, so they will be included in the current financial year. This will boost the cash position of the infrastructure services provider.
Cavendish has upgraded its forecast for the year to May 2026, bringing forward sales revenues from 2026-27. It previously expected disposals to happen in 2026-27 and was assuming £13.5m of the £27m portfolio would be sold. The book value of the portfolio is £7.4m.
The dividend is forecast to be maintained, but there could be potential for a rise or a special dividend ove...

Yü Group: £272m utility services group, making £1m profits a week, with over £100m cash in the bank

Mark Watson-Mitchell
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0
Yü Group: £272m utility services group, making £1m profits a week, with over £100m cash in the bank

In price, this group’s shares are the costliest that I have featured for some time – however, I consider that they are cheap, really cheap! 
The Business 
Yü Group (LON:YU) is a leading supplier of gas and electricity focused on servicing the corporate sector throughout the UK.  
It drives innovation through a combination of user-friendly digital solutions and personalised, high quality customer service.  
The Group plays a key role supporting businesses in their transition to lower carbon technologies with a commitment to providing sustainable energy solutions. &...

B&M cuts profit forecast after freight cost error

UK Investor Magazine
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0
B&M cuts profit forecast after freight cost error

B&M European Value Retail has slashed its profit guidance for the current financial year after uncovering approximately £7m in unrecognised overseas freight costs.

Understandably, the market didn’t take the news well a re shares plummeted over 10% in early trading.

The discount retailer now expects adjusted EBITDA of £470m to £520m for FY26, down from its previous forecast of £510m to £560m announced just weeks ago on 7 October.

Half-year profits are also expected to fall short, coming in at around £191m rather than the £198m previously guided.

The accounting mishap stemmed from an operating system update implemented earlier this year. B&M said the underlying technical issue has been resolved.

B&M reiterated that like-for-like sales at its UK stores remain the key driver of performance. The company is maintaining its assumption of second-half UK comparable sales growth between low-single-digit negative and low-single-digit positive territory. Any weakness here will be damaging for the group’s share price which is already down 50% year-to-date.

The announcement comes alongside news that Chief Financial Officer Mike Schmidt will step down once a successor is appointed. The company said Mr Schmidt will remain in post to ensure an orderly transition. A search for his replacement has commenced.

The error emerged during the group’s half-year results consolidation process and said it now expects to release its interim results on 13 November 2025, when it will provide further updates on the freight cost issue.

Arc Minerals shares sink as Anglo American exits Zambian joint venture

UK Investor Magazine
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0
Arc Minerals shares sink as Anglo American exits Zambian joint venture

Arc Minerals tumbled on Monday after announcing the termination of its joint venture with mining giant Anglo American, marking a major blow for the company’s Zambian copper exploration strategy.

The LSE-listed exploration company revealed that Anglo American has withdrawn from their partnership and surrendered all interests in the Zambian mining tenements. The decision came after a prolonged period with no drilling activity throughout 2025.

As part of the separation agreement, approximately $800,000 will remain in the joint venture company Handa Resources Limited’s bank account. Arc will resume full control of Handa after Anglo American surrenders its shareholding.

“While we are sorry to part company with Anglo American, I am pleased that we revert to a controlling position in what is widely regarded as one of the most prospective copper tenements in Africa with only a fraction having been drilled to date,” said Nick von Schirnding, executive chairman of Arc.

“We will explore our options for these assets which may include a new joint venture partner.

“We remain resolutely determined to complete the court processes underway in Zambia to deal with the improprieties carried out by an individual intent on holding the Company to ransom which we naturally will not countenance.”

Arc Minerals shares were down over 50% at the time of writing.

Director deals: Franchise Brands attracts buying at bargain price

Andrew Hore
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0
Director deals: Franchise Brands attracts buying at bargain price

Nigel Wray has bought a further 50,000 shares in Franchise Brands (LON: FRAN) at 120p each, taking the non-executive director’s stake to 16.07 million shares.
Earlier in month, executive chairman Stephen Hemsley acquired 50,000 shares at 120.5871p each. He owns 22.9 million shares. Previously, finance director Andrew Mallows exercised options over 305,682 shares and sold them all for prices between 126p and 137.2934p. The options were exercised at 88p or less.
Slater Investments has raised its shareholding from 15.03% to 16.01%.
Business
The focus is B2B franchises. Metro Rod specialises in dr...

Aquis weekly movers: ProBiotix Health sales grow

Andrew Hore
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12
Aquis weekly movers: ProBiotix Health sales grow

Majestic Corporation (LON: MCJ) finance director Man Bing Lee bought an initial 2,857 shares at 175p each. The share price increased 17.3% to 152.5p.

ProBiotix Health (LON: PBX) increased sales 30% to £1.97m in the nine months to September 2025. There is sufficient cash for the company’s needs. A commercial partnership with RevivaBio has been set up to launch a new cholesterol lowering product powered by the ProBiotix patented probiotic strain LPLDL®. Chairman Adam Rynolds bought 100,000 shares at 8p each. The share price is 14.8% higher at 7.75p.

B HODL (LON: HODL) has taken its Bitcoin holding to 142 at a total cost of £12m. AlbR Capital has been appointed joint broker. Four directors have been buying shares at prices between 11.88p and 13.88p each. The share price rose 10.9% to 14p.

Mendell Helium (LON: MDH) still has an option over M3 Helium and production at Rost is expected to start by the end of October. Potential expansion opportunities are being assessed. The planned move to AIM is progressing. The share price improved 8.33% to 3.25p.

Hydrogen Future Industries (LON: HFI) is changing its name to energy B. It has consolidated 50 shares into one new share. The share price moved up 6.67% to 60p, although it is still below the adapted suspension price of 75p.

FALLERS

The Smarter Web Company (LON: SWC) has bought 100 Bitcoin for £9.08m. It owns 2,650 Bitcoin. The share price dived by two-fifths to 55.5p.

Coinsilium (LON: COIN) plans a strategic update in the next few weeks. Malcolm Palle will become non-executive chairman, and Federica Velardo is leaving the board. Coinsilium owns 182 Bitcoin, and they are valued at £15m. The share price slipped 27.8% to 3.9p.

Vault Ventures (LON: VULT) will start closed user testing for vSignal.ai. The share price fell 16.3% to 0.9p.

Time To Act (LON: TTA) has sold £1m of surplus coating compound for £1m, which was not valued in the balance sheet. This will pay off the CBILS loan. The cash will be received in two instalments by early December. The share price decreased 14.3% to 15p.  

Igraine (LON: KING) raised £7.15m at 0.25p/share. Oliver Murphy is joining the board. Some of the funds will be invested in Ethereum, as well as being used in the battery energy storage systems (BESS) and electric vehicle (EV) charging sectors. The share price slid 6.14% to 0.325p.

AIM weekly movers: Good news about Redmoor for Strategic Minerals

Andrew Hore
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14
AIM weekly movers: Good news about Redmoor for Strategic Minerals

Modular housing company Eco Buildings Group (LON: ECOB) has expanded its geographical reach and the computerisation of the production process. It has set up a new subsidiary with Socotra Real Estate Development and Investment Company to offer modular housing in Sudan. The Khartoum-based partner will invest €5m to fund two production lines and receive 50% of any net profit. The share price jumped 167% to 12p.

URU Metals (LON: URU) has appointed GeoFocus to undertake a combined ground gravity and frequency-domain electromagnetic survey over two targets at the Zeb nickel project. The share price improved 88.9% to 8.5p.

Positive drilling results for the Redmoor tungsten tin copper project have pushed up the share price of Strategic Minerals (LON: SML) by 84.2% to 0.875p. The drilling results confirm multiple zones of high-grade tungsten mineralisation at the project in Cornwall. These results are from one borehole. This suggests that Redmoor could be the highest-grade undeveloped tungsten deposit. There are also positive results for copper. The tin assays are still being reviewed. Drilling continues. Zeus has a 1.9p/share fair value for Strategic Minerals.

Genedrive (LON: GDR) failed to gain shareholder approval for the recent placing and retail offer. There is cash left until the end of 2025. David Nugent has built up a 15.1% stake, and the company is talking to him. The share price rose 50.8% to 0.6p.

FALLERS

Premier African Minerals (LON: PREM) is seeking further disapplication of the pre-emption provision for share issues to make it easier to raise the cash it requires. A total of $6.3m is required to settle debts and fund phase 5 of pre-production readiness. This follows the consolidation of ten shares into one new share when trading began on Tuesday, and the share price declined 32.5% to 0.135p.

MyHealthChecked (LON: MHC) is selling its loss-making trading subsidiary Concepta Diagnostics to Boots UK for £2.375m. The company will become a shell with £5.7m of cash after the costs of the disposal, including an exit bonus to chief executive Penelope McCormick who is leaving with the subsidiary. The share price fell 30% to 7p.

Podcast platform operator Audioboom (LON: BOOM) increased third quarter revenues by 9% to $20.4m and EBITDA by 18% to $1.2m. There is strong growth of video views, following the Adelicious acquisition. Nine months revenues are 5% higher at $55.5m, while EBIDA more than doubled to $3m. Booked revenues for 2025 are more than $79m. A strategic review is ongoing. The share price dipped 28.1% to 500p.

Mosman Oil & Gas (LON: MSMN) has raised £1.67m at 0.0225p/share and a retail offer could raise up to £500,000. This will close on 21 October. The cash will be spent on US helium projects, including Sagebrush and Coyote Wash in Colorado. The Independent Prospective Resource Validation at Coyote Wash is expected before the end of the year. The share price slid 24.1% to 0.024p.

Pioneering sustainable printed electronics and conductive silver inks with Ail Arian

UK Investor Magazine
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22
Pioneering sustainable printed electronics and conductive silver inks with Ail Arian

The UK Investor Magazine was thrilled to welcome Dr James Claypole, founder of Ail Arian, to discuss the sustainable printed electronics pioneer’s technology and its current funding round.

Ail Arian is revolutionising printed electronics with patented, recyclable silver conductive inks that achieve a 94% recovery rate.

Find out more about Ail Arian here.

The company addresses critical sustainability challenges in the electronics industry—precious metal depletion and stringent environmental regulations—while helping manufacturers drastically cut CO2 emissions and manufacturing waste.

Their innovative design-for-recycling approach creates the first circular ecosystem for printed electronics. This enables customers to reduce e-waste, comply with emerging legislation like ESPR and PPWR, and meet ESG commitments.

The global conductive inks market, valued at $2.73B in 2023, is projected to reach $3.98B by 2032. Ail Arian has already developed a working MVP with positive early customer feedback and secured key development partnerships through signed MOUs.

As a CleanTech StartUp of the Year Finalist 2025, they’re positioned to capture market share by selling sustainable silver inks while allocating investment toward R&D and marketing to scale their circular manufacturing solution.

AIM movers: Steppe Cement increases sales and Mosman Oil and Gas raises cash

Andrew Hore
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20
AIM movers: Steppe Cement increases sales and Mosman Oil and Gas raises cash

Steppe Cement (LON: STCM) reached record cement production levels in the nine months to September 2025. Sales volumes increased from 1.34 million tonnes to 1.55 million tonnes in a growing cement market in Kazakhstan. Revenues improved from $66.6m to $75m even though the price fell. Cash was $14m on 6 October 2025. Surplus cash will be distributed to shareholders. The tax dispute has been resolved at a cost of $100,000. The share price rose 2.78% to 18.5p.

Peter Gyllenhammar has increased his stake in infrastructure services provider Nexus Infrastructure (LON: NEXS) from 28.15% to 29.14%. Michale Thomas Morris has cut his stake from 7.68% to 4.41%. The share price improved 2.08% to 122.5p.

Allan Gray Bermuda has reduced its stake in Caldonia Mining Corporation (LON: CMCL) from 4% to 2.93%. The share price increased 1.45% to 2800p.

FALLERS

Mosman Oil & Gas (LON: MSMN) has raised £1.67m at 0.0225p/share and a retail offer could raise up to £500,000. This will close on 21 October. The cash will be spent on US helium projects, including Sagebrush and Coyote Wash in Colorado. The Independent Prospective Resource Validation at Coyote Wash is expected before the end of the year. The share price declined 26.6% to 0.0235p.

Focus Xplore (LON: FOX) has used AI to identify critical mineral targets in Ontario. It has raised £427,000 at 0.04p/share and shares have been issued to creditors owed £57,000. Planetary AI has partnered with Focus Xplore to develop AI tools specifically for the Ontario landscape. The share price slipped 19.1% to 0.0425p.

Wishbone Gold (LON: WSBN) says drilling on hole 2 at the Red Setter gold dome project in Western Australia has been completed at 950 metres. Drilling of hole 3 should start on 21 October. The share price is 12.5%n lower at 1.225p.

Asia-focused gas explorer Sunda Energy (LON: SNDA) closed its WRAP offer early because it was oversubscribed. The size of the offer was raised from £230,000 to £470,000. The offer price was 0.025p. The total amount raised through the offer and subscription is £710,000. The share price dipped 11.9% to 0.0275p.

Tower Resources (LON: TRP) has raised £550,000 at 0.028p/share. This will finance work on oil and gas licences in Namibia and Cameroon. The share price slid 10.3% to 0.0305p.

Energy storage technology developer Gelion (LON: GELN) raised £10m via a placing and subscription at 20p/shar and up to £500,000 could be raised by a retail offer, which closes on 23 October. The cash will finance commercial pouch cell prototypes. The cash will last for 18 months. The share price fell 8.16% to 22.5p.

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