New AIM admission: RentGuarantor moves to AIM to take advantage of forthcoming legislation

Andrew Hore
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New AIM admission: RentGuarantor moves to AIM to take advantage of forthcoming legislation

Rent guarantee services provider RentGuarantor believes it is the right time to switch from Aquis to AIM with the Renters’ Rights Bill due to come into law. This will bring in open ended tenancies and management believes that there will be an increase in demand for the company’s services.
The business is currently loss-making, but the loss is reducing. It is in a strong position to take advantage of the potential growth.
At the end of trading on Aquis, the share price was 27.5p. The share price opened at 30p and ended the first day at 35p (30p/40p). It stayed at that level on the second day. T...

FTSE 100 dips ahead of Jackson Hole, Centrica retreats

UK Investor Magazine
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FTSE 100 dips ahead of Jackson Hole, Centrica retreats

The FTSE 100 was on the back foot on Monday as investors erred on the side of caution ahead of a busy week for geopolitics and US monetary policy.

London’s leading index was down just 10 points at the time of writing, reflecting mild profit-taking as opposed to outright risk aversion.

After Trump’s meeting with Putin yielded nothing more than a photo op and footage of US stealth bombers flying over Putin’s head, attention has shifted to Trump’s meeting with the Ukrainian leader and European partners this evening.

Again, this isn’t expected to produce any meaningful market-moving news, but the unpredictability of Donald Trump is reason enough to be cautious.

Perhaps the foremost factor pulling the FTSE 100 into minor negative territory on Monday is the upcoming Jackson Hole Symposium and potential for Jerome Powell to be slightly more hawkish in his interest rates commentary than the market would like.

“Investors are…waiting for the upcoming Jackson Hole central banker meeting, for clues about the direction of interest rates in the United States, with expectations that recent data will pave the way for more cuts,” said Susannah Streeter, head of money and markets, Hargreaves Lansdown.

“Despite the fierce criticism he’s had to shoulder from President Trump, Fed chair Jerome Powell is not expected to set a firm path for rate reductions.”

Cyclical sectors fell on Monday, with miners and financials leading the way lower.

Centrica was the FTSE 100’s top faller as traders sold the stock after it failed to breach technical resistance at the 170p mark for the fourth time since the beginning of June.

Defence shares, Babcock and BAE Systems, were among the top risers on hopes of reiterated commitment to boosting defence spending by European countries.

Babcock was the top riser with a gain of 4% after equity analysts at RBC gave the stock a 1,200p price target.

AIM movers: Wishbone Gold reaches significant breccia pipe and Quadrise delays

Andrew Hore
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0
AIM movers: Wishbone Gold reaches significant breccia pipe and Quadrise delays

Wishbone Gold (LON: WSBN) says drilling at the Red Setter gold dome project in Western Australia has reached the top of a significant breccia pipe. Variable intensity is observed from 570 metres to 700 metres. The hole will continue to a depth of 750 metres. The share price jumped 112.4% to 0.79p.

Pulsar Helium (LON: PLSR) says that the Jetstream#1 appraisal well at the Topaz helium project in Minnesota achieved a peak natural flow rate of around 501,000 cubic feet/day. That was achieved with no compression or stimulation. This is better than the tests in 2024. There will be further news from the flow results. The share price rose 19.1% to 30.5p.

Empire Metals (LON: EEE) has reported further assay results from the Pitfield project in Western Australia. This was focused on the weathered cap at the Thomas prospect. There are some of the highest titanium dioxide grades recorded at the project and many of them are more than 7% titanium dioxide. Nearly two-thirds of the drill holes had an average grade of more than 4%. The share price increased 17.7% to 35p.

Cadence Minerals (LON: KDNC) has identified cost reductions at the 35.1%-owned Amapa iron ore project in Brazil. Mining costs have been cut by 37% to $11.20/t and FOB costs are reduced by 19%. Zeus has updated its far value from 18.9p/share to 21.8p/share, most of which is due to Amapa. The share price improved 13.9% to 2.05p.

FALLERS

Low emission fuels developer Quadrise (LON: QED) is near to completing the agreements with MSC and Cargill, but progress is slower than hoped. The commercial scale marine sector trials with the partners will not commence in the third quarter. In the US, production by Valkor has built up slower than expected. There is not enough supply to commence marketing, and a compensation payment is being discussed because of the delay to the deferred licence fee payment. Trials have completed in Panama and results are expected. The share price slipped 10.8% to 2.855p.

European Metals Holdings (LON: EMH) has raised A$3m at A$0.16/share to help pay its A$9.67m contribution to a fundraising by 49%-owned Cinovec project company Geomet. The rest will come from financing a loan and sale of surplus Dukla land, which was going to be for a lithium chemical plant. The Cinovec DFS is progressing and should be completed in October. The share price declined 10.5% to 8.5p.

Lexington Gold (LON: LEX) says that the conceptual study for the Jelani Resources JV project in South Africa has been expanded. This means that it will take longer. When it is completed, the JV will assess whether to apply for a mining licence. Assay results from drilling at the Jennings-Pioneer project in the US are expected in early September. The share price fell 6.49% to 3.6p.

Mosman Oil and Gas (LON: MSMN) has generated $357.3m in revenues from production at the Sagebrush project in Colorado. The average sales price per barrel of oil fell in the second quarter, The after-tax revenues were $230,160. This will help to finance helium exploration. The share price dipped 8.06% to 0.0285p.

BATM Advanced Communications: trading on 100 times historic earnings but quickly advancing to just 15 times

Mark Watson-Mitchell
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BATM Advanced Communications: trading on 100 times historic earnings but quickly advancing to just 15 times

This morning BATM (LON:BVC), the global provider of advanced telecommunication network infrastructure, cybersecurity and medical diagnostic technologies, has announced its Interim Results for the six months to end-June. 
In early May this year the group announced the launch of its new brand identity, marking a significant milestone in BATM's journey, as it aligns more closely with its strategic vision to focus on its core strengths in networks, cybersecurity and diagnostics while divesting of its non-core assets.  
Less than a month ago, on Thursday 24th July, the £65m-capitalis...

Pantheon Resources shares jump as drill results exceed expectations

UK Investor Magazine
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0
Pantheon Resources shares jump as drill results exceed expectations

Pantheon Resources shares rose on Monday after the Alaska-focused oil and gas explorer released highly encouraging drill results from its North Alaskan Ahpun field.

The company said it has struck success with its Dubhe-1 appraisal well, discovering a hydrocarbon column significantly thicker than anticipated.

Pantheon Resources shares jumped over 15% as the firm revealed the primary target reservoir delivered 565 feet of hydrocarbon-bearing rock, 26% above pre-drill estimates of 450 feet.

The well, drilled to 12,833 feet, also uncovered additional oil and gas zones in previously unexplored horizons. These include the SMD-C formation and two Slope Fan systems, none of which were factored into Pantheon’s existing resource estimates of 282 million barrels and 804 billion cubic feet.

Beyond the primary discovery, the company identified hydrocarbon zones spanning 2,143 feet of total drilling depth across multiple formations. A 90-foot core sample achieved 100% recovery, providing crucial data for reservoir analysis.

Pantheon is now preparing to drill a horizontal sidetrack within the 565-foot thick primary reservoir to test production rates. The lateral drilling is set to begin within days, followed by hydraulic fracturing operations expected to be finalised over the next two months.

The company will present detailed findings at a September 9 webinar, including preliminary assessments of the newly discovered resources that could significantly expand development opportunities at the Ahpun field.

“We are delighted to announce the Dubhe-1 pilot hole results as a success. The well confirms the presence and quality of the oil and gas reservoirs in the Ahpun field, exceeding our pre-drill expectations,” said Erich Krumanocker, Chief Development Officer.

“We are now transitioning toward field development planning in support of capital efficient commercial production. The upside presented by the SMD-C and Slope Fan zones highlights the enormous potential in our portfolio.”

HICL Infrastructure seals £225m portfolio sale to Dutch pension giant APG

UK Investor Magazine
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HICL Infrastructure seals £225m portfolio sale to Dutch pension giant APG

HICL Infrastructure PLC has struck a deal worth approximately £225 million, selling a portfolio of seven UK PPP assets to APG, the Netherlands’ largest pension services provider.

Over the past 24 months, the London-listed infrastructure investment company has completed around £725 million in asset sales at consistently strong valuations as part of a wider asset disposal strategy.

The disposed portfolio includes partial stakes in two major healthcare facilities – 50% of HICL’s investments in Southmead Hospital and Pinderfields and Pontefract Hospitals. Additionally, the company is selling its entire equity interest in four UK LIFT projects and Edinburgh Schools.

Following the sale, HICL’s exposure to healthcare assets will decrease from 22% to 16% of gross portfolio value.

The £225 million proceeds will be allocated to facilitating a share buyback and making fresh investments.

HICL plans to fully fund its previously announced £150 million share buyback programme, including complete repayment of its revolving credit facility.

The remaining funds will meet existing investment commitments of approximately £110 million.

“We are pleased to announce another material disposal for the Company, which again highlights both the quality of HICL’s underlying portfolio and a consistent ability to execute divestments at attractive valuations,” said Mike Bane, HICL Chair.

“In the last two years, the Company has raised over £725m through disposals, enabling the Board to deliver on its capital allocation priorities for the benefit of shareholders.”

HICL Infrastructure shares were 1.2% higher at the time of writing on Monday.

Director deals: AFC Energy boss buys more after fundraising

Andrew Hore
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0
Director deals: AFC Energy boss buys more after fundraising

Two directors of fuel cells technology developer AFC Energy (LON: AFC) have been buying shares following July’s fundraising boosted the company’s balance sheet.
Chief executive John Wilson bought 228,733 shares at 8.6p each and 250,000 shares at 9.1p each. He owns 0.58% of the company. Executive chairman Gary Bullard 100,000 share at 9.08p each and his total shareholding is 0.5%.
In the recent placing, John Wilson acquired 2.95 million shares, finance director Karl Bostock one million shares, Gary Bullard one million shares and Monika Biddulph 50,000 shares all at 10p each. On top of that John...

AIM weekly movers: EnergyPathways disappointment

Andrew Hore
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3
AIM weekly movers: EnergyPathways disappointment

Shares in Fiinu (LON: BANK) have risen a further 45% to 14.5p following the previous week’s news about the reverse takeover of Poland-based foreign exchange brokerage Everfex. The initial payment of £8m will be satisfied by the issue of 80 million shares at 10p each. Everfex made a pre-tax profit of more than £600,000 for the four months to April 2025. The readmission should be on 27 August.

Canada-based antimicrobial treatments developer Ondine Biomedical Inc (LON: OBI) says the American British Cowdray Medical Center in Mexico City will pilot Steriwave nasal photodisinfection from September. This will help to reduce surgical infections. The share price recovered to 27.5% to 16.25p.

Rent guarantee services provider RentGuarantor Group (LON: RGG) moved from Aquis to AIM on Friday. The switch has been made ahead of law changes that will provide additional growth potential for the business. The share price rose from the close on Thursday of 27.5p to 35p.

Active Energy Group (LON: AEG) has executed heads of terms to develop a 150MW battery energy storage system in the Vale of Glamorgan in partnership with Fonmon Castle, which will provide ten acres on a 30-year lease. Active Energy Group will invest £40,000 and will get that back once planning consent is received. It will also receive 5% of the first year’s rent of £300,000. James Voce has been appointed corporate development director. The share price is 26.6% ahead at 0.15p.

Premier Miton has raised its stake in Firering Strategic Minerals (LON: FRG) from 5% to 11.9%. The share price improved by one-quarter to 1.875p.

FALLERS

The UK authorities have decided not to provide a gas storage licence to EnergyPathways (LON: EPP) for the natural gas and hydrogen storage elements of its MESH project. A S35 planning application for the major elements of the MESH project will be submitted as a step in the process to obtain consents from the UK government. If it is granted, then the parts of the project in the submission will be assessed under the 2008 Planning Act. The share price dived 64.2% to 2.2p.

Mobile Tornado (LON: MBT) is asking for shareholder approval to leave AIM. There is limited liquidity and one major shareholder in the mobile communications technology company, so the quotation is not worth the cost. The board intends to seek a buyer in the next two years and believe it would be easier as a private company. The plan is to leave on 9 September. The share price slumped 57.1% to 0.6p.  

At the AGM, former Goldstone Resources (LON: GRL) chairman Bill Trew revealed confidential information about an offer for the company that was rejected by the board. Angela List was not re-elected as a director having received 19.2% of votes in favour of her role. Campbell Smyth was re-elected with 62.7% of the votes. A resolution to allow the issue of more shares received 62.96% of the votes, but it required 75% to go through. Discussions continue with potential providers of funds, and it will have to call a general meeting to allow it to issue more shares. The share price declined 45.8% to 0.325p.

Versarien (LON: VRS) intends to accelerate the sales process of the remaining parts of the group, while it tries to secure additional finance for the group. If the disposals happen the proceeds are unlikely to cover liabilities and Versarien would be placed in administration. The share price slipped a further 36.8% to 0.012p.

Aquis weekly movers: Amazing AI sets up Mauritius subsidiary

Andrew Hore
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0
Aquis weekly movers: Amazing AI sets up Mauritius subsidiary

Digital assets investor KR1 (LON: KR1) is the best performer of the week. There was strong trading, The share price jumped 36.2% to 47p. NAV was 40.69p/share at the end of June.

Amazing AI (LON: AAI) says new subsidiary AAI Mauritius will be used to purchase Bitcoin when it completes the legalities of acquiring cryptocurrencies. This should happen by the end of August. The subsidiary will also provide AI finance-related services to Sub-Saharan Africa and south east Asia. It will also take on business in the UK and that subsidiary will be wound up. The share price increased 7.69% to 1.05p.

Vault Ventures (LON: VULT) has paid the remaining consideration of £1m for System7 via the issue of shares. The share price rose 3.33% to 0.0155p.

Former Odey Asset Management boss Peter Martin has joined Oberon Investments (LON: OBE) and he will be involved in launching a new global equities fund. The share price improved 1.32% to 3.85p.

FALLERS

Vaultz Capital (LON: V3TC) has purchased more Bitcoin and holds 135 Bitcoin at an average purchase price of £85,622.47 each. Aleks Nowak has been appointed as the non-board chief operating officer. Aura Digital has taken a 15.5% stake. The share price slipped 12.2% to 8.125p.

Wishbone Gold (LON: WSBN) says drilling at the Red Setter gold dome project in Western Australia has intersected mineralisation in the first hole. It appears that the hole is peripheral to the main target, and another hole will be drilled to the south west. The share price declined 11.2% to 0.355p.

The Smarter Web Company (LON: SWC) has raised a further £7.6m from a placing at 221p/share. There are still another 4.49 million shares available to be placed and once that happens another subscription agreement will be signed. The share price fell 10.7% to 187.5p.

Valereum (LON: VLRM) raised £65,000 vi an offer at 3.1p each and this meant that the fundraising totalled £465,000. This will help fund a £600,000 investment in Metrikus Software, which is developing real-time building and smart infrastructure software. The two companies will work on tokenisation opportunities. This could involve fractional ownership or yield-sharing. The share price deceased 8.06% to 2.85p.

TruSpine Technologies (LON: TSP) has issued a warrant over two million shares exercisable at 20p each to Proffitt Brothers Investments. The share price slid 5.26% to 0.9p.

Ormonde Mining (LON: ORM) investee company Peak Nickel, where it holds 18.9%, has entered into an agreement for Winshear Gold to earn 100% of the Portsoy project in Scotland. This requires 1,000 metres of drilling and other exploration work and the spending of £3m within five years. Winshear Gold also has to issue 6.5 million shares to Peak Nickel over five years. Peak Nickel will retain a 1% net smelter returns royalty. If the project is sold by Winshear Gold, Peak Nickel will receive 10% of the proceeds up to a maximum of £10m. The share price dipped 5.26% to 0.09p.

Emissions reduction additives developer SulNOx Group (LON: SNOX) has been granted a patent for fuel oil reclamation in Eurasia. This can be used for oily wastewater from ships. The share price fell 2.17% to 45p.

AIM movers: Active Energy battery deal and Fletcher King trading below cash value

Andrew Hore
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16
AIM movers: Active Energy battery deal and Fletcher King trading below cash value

Active Energy Group (LON: AEG) has executed heads of terms to develop a 150MW battery energy storage system in the Vale of Glamorgan in partnership with Fonmon Castle, which will provide ten acres on a 30-year lease. Active Energy Group will invest £40,000 and will get that back once planning consent is received. It will also receive 5% of the first year’s rent of £300,000. The share price rebounded 14.3% to 0.16p.

Asiamet Resources Ltd (LON: ARS) has commenced limestone resource drilling at he Rinjen prospect, north of Asiamet’s BKM copper heap leach project in Indonesia. Sourcing this limestone would help to keep the operating costs at BKM. The share price increased 5.13% to 1.025p.

Property adviser Fletcher King (LON: FLK) published results for the year to April 2026. Revenues edged up from £3.83m to £3.84m, but pre-tax profit fell from £504,000 to £373,000. There is little sign of improvement. The final dividend is maintained at 2.25p/share. Net cash is £4.21m and NAV is £4.46m, which is more than the market capitalisation. The share price improved 4.17% to 37.5p.

Union Jack Oil (LON: UJO) has spudded the Sark well in Oklahoma, which is the first of a programme of three wells. Union Jack has a 60% interest. There is a good chance of success and could be brought onstream relatively quickly. Zeus puts a risked value of 1p/share on the Sark well. The share price rose 4% to 26p.

FALLERS

Light Science Technologies (LON: LST) has won three contract electronic manufacturing contracts worth a total of £500,000. This includes £300,000 from a new electronic signage customer and there is potential for follow on revenues. The share price slipped 12.5% to 2.8p.

Wellnex Life (LON: WNX) joint chief executive George Karafotias has resigned. He will be repaid his A$705,000 loan to the company. Zack Bozinovski will become sole chief executive of the Australian consumer healthcare business. The share price fell 3.23% to 15p. The March placing price was 31.75p.

Andrada Mining (LON: ATM) has issued 31.98 million shares at 2.9293p each to convertible loan holders instead of a cash payment of £937,000. There are £7.7m of loan notes with a 12% interest rate and they mature on 20 July 2026. The share price dipped 2.91% to 3p.

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