Optima Health (LON: OPT) directors have been buying shares since it demerged from Marlowe (LON: MRL) on 26 September 2024.
Following the recent interims, chief executive Jonathan Thomas bought 13,559 shares at 147.4p each, finance director Heidi Giles acquired 13,500 shares at 147.4p each and non-executive director Simon Arnold bought 7,637 shares at 143.8p each. All three bought shares just after the flotation and they have a combined shareholding of 0.4%.
Since the demerger, Michael Ashcroft upped his stake from 17.25% to 24% and Memphre Fund has built up a shareholding of 4.01%. Kest...
Ten companies departed AIM in September. There were three takeovers, while five companies chose to leave, including one who wanted to leave so it did not replace its nominated adviser, and two companies went into administration.
2 September
Infrastructure India
Trading in Infrastructure India shares was suspended on 16 July. There were only two remaining directors at that point. That does not meet corporate governance guidance, and it limits the ability of the remaining directors to function under the Articles of the company.
Strand Hanson resigned as nominated adviser on 1 August...
Valereum (LON: VLRM) is making strategic enhancements to the GATE token strategy. It has brought in a tokenomics expert who will help to refine and enhance options. The changes could include a community voting mechanism for participatory decision making, interactive feedback sessions and transparent decision-making processes. There will be further information in the first quarter of 2025. The share price jumped 55.2% to 22.5p.
Adsure Services (LON: ADS) director Peter Hammond has bought 65,000 shares at 21p each. He owns 7.17%. The share price improved 9.76% to 22.5p.
WeCap (LON: WCAP) investee company WeShop Holdings has submitted a draft registration statement to the SEC. This is part of the process of obtaining a US listing, which will help the retailer app to be launched in the US and other markets. WeShop has 1,500 retailers signed up and testing in the UK has generated gross sales of £100m. WeCap shares rose 4.76% to 1.1p and it owns 16% of WeShop.
Vinanz Ltd (LON: BTC) has published the prospectus for its proposed move to the Main Market, which is planned for 13 January. This will be on the Transition Category. The cancellation of the Aquis Stock Exchange will be on 10 January. The bitcoin miner has received commitments totalling £1.5m at 14.5p/share conditional on the market switch. The share price increased 3.33% to 15.5p.
FALLERS
Coinsilium (LON: COIN) has raised £65,250 through the exercise of warrants at 3p each. Chief executive Eddy Travia exercised 1.675 million shares taking his stake to 7.44%. The share price dipped 3.8% to 3.8p.
Maritime tracking technology developer Windward (LON: WNWD) is recommending a 215p/share bid from an acquisition company formed by FTV VIII. The offer values the marine tracking technology company at £216m. The bidder wants to gain greater exposure to the maritime compliance market and believes it can help to accelerate growth. The management team will be retained. Windward joined AIM on 6 December at 155p/share. The share price rose 53.3% to 207p.
Spreadex Ltd has a 4.94% shareholding, via voting rights through financial instruments, in Tiger Royalties and Investments (LON: TIR). The share price jumped 50% 0.225p. Tiger Royalties and Investments is changing strategy to become a technology incubator. It is acquiring Bixby Technology Inc, which is run by Jonathan Bixby, for £325,000. A placing at 0.1p/share raised £3m.
Logistics Development Group (LON: LDG) says Nash Squared has sold its NashTech division, which means that the AIM company’s investment of £10m in February 2024 has been redeemed for £13.1m. Logistics Development Group has £44m in cash. A tender offer at 19p/share is contemplated. That will distribute up to £21m. The plan is to distribute 50% of any further realisations and NAV will be published every quarter. The share price moved up 30.2% to 14p, which values the company at £73.4m. NAV was £99m at the end of May 2024.
Saqib Karim has been building up a stake in floorcoverings supplier Victoria (LON: VCP) and he has reached 5.3%. The share price recovered 27.2% to 73p, which is still a fall of three-quarters over 2023.
FALLERS
Retailer Quiz (LON: QUIZ) announced on Friday evening that it intends to leave AIM. The general meeting to gain shareholder approval will take place on 23 January. This is part of plans to reduce costs. Tarak Ramzan, who owns 20.4%, has offered a £1m loan facility and more cash will be needed next year. JP Jenkins may offer a matched bargain facility. Following the announcement, Amraj Gill’s stake has risen from 8.17% to 10.1% and Tajveer Gill’s stake has increased from 8.1% to 10.3%. Interim results show a tripled pre-tax loss of £4.7m, or £4.1m before exceptionals. Revenues continue to decline. National Insurance and living wage changes will add an annualised £1.7m from April. Net debt has reached £3.5m. The share price dived 61% to 0.885p.
Premier Miton has sold its 6.48% in Tribe Technology (LON: TRYB) ahead of the trading suspension on 2 January because its accounts will be delayed. It also plans to leave AIM. The autonomous mining equipment developer is in talks with potential provider of finance, and it believes that leaving AIM will make it easier to raise money. The share price slumped 34.8% to 0.075p.
Shares in Webis (LON: WEB) continue to decline ahead of its departure from AIM on 3 January. The share price fell 20% to 0.06p.
Kibo Energy (LON: KIBO) shares returned from suspension following publication of interims and declined 16.7% to 0.01p. The figures pre-date the disposal of operating business Kibo Cyprus. Kibo Energy is now a shell seeking operations in renewable energy. The share price dipped 15.6% to 0.0325p.
Sunrise Resources (LON: SRES) says Tolsa USA Inc has decided not to exercise its option to acquire the Pioche Sepiolite project in Nevada. There was no agreement on the terms of a continuing royalty for Sunrise Resources. Tolsa says it was difficult to correlate specific grades from holes drilled.
Orosur Mining Inc (LON: OMI) has received assays from the fourth hole at the Pepas prospect in the north of the Anza project. There was a composite intersection of 40.2 metres @ 3.75g/t from 23.5 metres. Including 6.8 metres @ 9.02g/t. The results are good, but there are complexities. Part of the plan for the drilling is to resolve the complexities. Pepas has exceeded expectations. The share price slipped 15.2% to 7p.
There were nine departures from AIM in August. Four were taken over, four left by choice and one had a winding up petition granted. Earnz (LON: EARN), previously Verditek, was the readmission in the period after it acquired two energy efficiency services companies.
1 August
i(X) Net Zero
Renewables and energy efficiency investment company i(X) Net Zero decided to cancel its AIM quotation. The share price slumped after joining AIM, partly because of the timing of the flotation when renewables businesses were in favour. Investor sentiment to unprofitable companies switched almost immed...
Peel Hunt has a 10.1% stake in Nostra Terra Oil & Gas (LON: NTOG). The share price recovered 16.7% to 0.0245p.
Spreadex Ltd has a 4.94% shareholding, via voting rights through financial instruments, in Tiger Royalties and Investments (LON: TIR). The share price rose 11.4% to 0.195p.
Point of care pharmacogenetic testing company genedrive (LON: GDR) says that the clinical performance of its CYP2C19-ID Kit has been published in the Journal of Molecular Biology. The results for people in an acute emergency care setting were quicker, more accurate and had a lower test fail rate than those handled in a laboratory. The test identified seven people that were not identified by the laboratory because it targets more variants. The share price increased 3.3% to 2.35p.
FALLERS
Following the announcement that retailer Quiz (LON: QUIZ) intends to ditch its AIM quotation, Amraj Gill’s stake has risen from 8.17% to 10.1% and Tajveer Gill’s stake has increased from 8.1% to 10.3%. The share price fell a further 8.62% to 0.875p.
Prior to Christmas, Bezant Resources (LON: BZT) raised £560,000 at 0.24p/share to fund development of the Hope and Gorob copper and gold mines in Namibia. The indicated resources are 10mt @ 1.89% copper and 0.31 g/t gold. The main target is more than 3mt @ >1.8% copper, which is an open pit resource. The share price declined 8.51% to 0.0215p.
Premier African Minerals (LON: PREM) announced an amended offtake and prepayment agreement with Canmax Technologies for the Zulu lithium and tantalum project after trading ended on Christmas Eve. The settlement options for Canmax Technologies have been adjusted in respect of prepayment amounts that are outstanding on 1 April 2025. If Premier African Minerals does not deliver the required product of provide cash settlement, Canmax Technologies is entitled to a direct stake in Zulu lithium at a valuation of $100m. The alternative is settlement in Premier African Minerals shares. The share price slipped 8.41% to 0.049p.
Maritime surveillance systems developer and installer SRT Marine (LON: SRT) has signed the $9m Middle East coast guard contract and implementation has commenced. The is a ten-year contract for an upgrade to a 2016 installation. There should be $7m of revenues recognised in the year to June 2025 and the following year combined. There could be further upside from the contract. This contract adds to the $213m Kuwait coast guard contract, where implementation has also begun. Two other contracts totalling around $250m are near to signing and could start their implementations before June 2025. Management says that 2025-26 should be “significantly profitable”, but Cavendish has yet to reinstate forecasts. The share price is down 1.19% at 41.5p
Oil and gas company Zenith Energy (LON: ZEN) shares soared 39.7% to 4.75p on the back of an ICSID arbitration decision against the Republic of Tunisia. The share price was above 5.5p at one point.
The Arbitral Tribunal of the International Centre for Settlement of Investment Disputes (ICSID) held an arbitration in Washington DC and rejected Tunisia’s objection to jurisdiction. It also told the claimants (three subsidiaries of Zenith Energy) and respondent to agree on a shorter procedural timetable and tell the tribunal by 20 January.
The dispute is over Tunisia’s failure to comply with the terms of an investment treaty with the UK. The total principal claim is for $503m, but with interest and costs this could rise to $640m. The final decision on any award should be made by the summer of 2025.
Methane seems innocent enough; it is a colourless, odourless gas used globally as an important energy source. However, when leaked into the atmosphere – typically from industrial facilities – it causes untold damage. Methane is a potent greenhouse gas responsible for one third of global warming.
It’s a massive, hidden problem.
Mirico is an innovative UK technology company that hunts down methane. Finding and fixing leaks is now big business, and the company uses its proprietary laser sensors and analytics technology to pinpoint problem areas.
Customers can therefore conduct targeted repairs, and access lucrative new markets for low emission fuels. Methane reduction can become the fast and effective route for industry to hit its sustainability goals.
A wave of new regulation is putting pressure on industry to clean its act up – and do it quickly. For example, new US legislation aims to reduce methane leaks from oil & gas by 80% over the next 10-15 years. This requires billions of dollars of investment by industry players, representing a major opportunity for Mirico.
In fact, the total addressable market is estimated at $15 billion by Bloomberg NEF.
Mirico’s technology finds leaks that others miss. Competitors include satellites, drones and even handheld gas cameras but these are snapshot surveys that overlook many of the large but short-lived leak events that dog the industry.
Recent progress has been strong. Mirico has deployed over 20 projects to date across 5 continents and the pipeline is accelerating. Shell has recently demonstrated interest, with the energy giant investing via its Ventures arm and testing Mirico’s technology at its facilities. Mirico also recently onboarded another significant energy operator as both investor and customer and will be announcing that deal soon.
With growth in mind, the company launched a raise on Crowdcube enabling private investors to participate alongside the existing VCs. The new funding will be used to accelerate sales efforts, deliver on projects, secure additional international pilots and refine the digital platform. The target of £0.5M was reached in just a few days, but the opportunity will remain open for a further short period into January 2025.
Investment risk warning: Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
There were six companies that left AIM in July 2024 and a reverse takeover of Pathfinder Minerals to form Rome Resources (LON: RMR). Two companies are being liquidated, one was taken over, one decided to concentrate on its other quotation, one decided to leave AIM, and one had been suspended for one year and time ran out on the AIM quote.
Shell company Rosebank Industries (LON: ROSE) was the only completely new admission.
1 July
Gensource Potash Corporation (TSX-V: GSP)
Gensource Potash decided to leave AIM and concentrate on its TSX Venture Exchange quotation. The departure was a...
When Rick received a letter about his plot of land in 2023, he had no idea it would lead to a longer-term investment partnership. But that’s exactly what happened after he experienced our efficient, straightforward approach. One land deal and two sustainable properties later, Rick is a fully subscribed member of the Pearcroft investor fan club.
Getting off to a good start
Rick owned the land for Sunderland Avenue and had planning permission. We recognised the potential and approached him with a fair price and attractive offer to handle all the work for him.
Rick explains “I checked their website first and was impressed by their market positioning. After the initial chats, what stood out was how approachable Kevin was and how quickly they made decisions.”
For many landowners, selling and developing a plot can be a drawn-out process, including lots of people and filled with uncertainty. Rick’s experience with Pearcroft was different. “They made a reasonable offer and moved fast to close the deal. Everything was straightforward and efficient – they did exactly what they said they would.”
Exceeding Expectations
From our initial contact with Rick, we were on-site demolishing the previous property within two months and we completed the build in seven months.
With our sustainable focus, we upgraded the design to include air source heat pumps, MVHR, solar panels, batteries, EV charging points and instant hot water throughout the houses to target net zero energy emissions. This was one of the first properties where we introduced our 5-year zero bills promise too.
“Pearcroft didn’t just build what was planned – they improved it,” Rick explains. “They enhanced the design significantly. The front elevation looks much more attractive than the original design, and the sustainable features and internal finishes add real value for potential buyers.”
From Land Sale to Investment Partner
So, why did Rick become an investor? Apart from appreciating the potential with numbers, Rick appreciated our capabilities and scale of ambition. On our regular project catch ups, we happened to mention another site we’d found, and it piqued Rick’s interest. He considered other investment opportunities, including buying a house with renovation potential, but he decided to partner with us on our Maidenhead development. Quite simply Rick said, “the numbers made sense, and I could see the potential.” And it’ll be much easier leaving the heavy lifting to our expert team instead of getting his own hands dirty.
The Pearcroft Difference
“I’m very happy with my relationship with Pearcroft. They don’t waste any time, make everything easy. Everything is focused on delivering quality sustainable homes, efficiently.”
This commitment to sustainability and our efficient and personable approach made the real difference to Rick. Plus, it makes us an attractive partner for other investors looking for hands-off property development opportunities.
Strong returns on investment.
Minimal time and effort required.
Clear, realistic timeline for completion and returns.
Rick’s journey from landowner to investor shows how we build lasting partnerships. Kevin says, “it’s great working with Rick. We appreciate him and really like doing business with him, so we’re thrilled he’s now reinvesting with us.” By being honest, efficient and having an unwavering focus on quality, we create opportunities that work for everyone – landowners, investors, homebuyers, and the environment.
Invest with Pearcroft
Email or give Martyn a call on +442070888196 to find out how you can profit from property while making sustainable history.
