AIM movers: Tialis Essential IT framework agreement and Tekmar contract delays

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Managed services provider Tialis Essential IT (LON: TIA) has been awarded a five-year £60m framework agreement by an existing customer. This underpins forecast 2025 pre-tax profit of £1.2m. The share price jumped 36% to 85p, having exceed 100p earlier in the morning.

Tertiary Minerals (LON: TYM) says initial analysis of phase 2 drill programme results extends the near surface silver mineralisation at target A1 at the Mushima North project in Zambia. It adds 225 metres to the north. The mineralisation remains open to the north and at depth. The share price is one-fifth higher at 0.045p.

Falcon Oil & Gas (LON: FOG) has received approval from the Northern Territory government for the beneficial use of gas agreement. This enables the sale of appraisal gas from the Shanandoah South pilot project, which is a joint venture with Tamboran (B2). This paves the way for construction of a A$140m compression facility that Falcon does not have to fund. Sales should start in mid-2026. The share price increased 11.9% to 8.25p.

Transport security and information systems supplier Journeo (LON: JNEO) is diversifying into infrastructure protection through the acquisition of Crime and Fire Defence Systems for an initial £12.7m in cash and shares. Last year, the company made a pre-tax profit of £1.4m on revenues of £17.3m. Cavendish has upgraded its 2025 earnings forecast by 11% to 26.5p/share and the 2026 figure by one-fifth to 33.2p/share. The share price rose 5.73% to 442.5p.

FALLERS

Delays in bidding for new contracts has hit the full year figures for offshore energy market services provider Tekmar Group (LON: TGP). The improvement in the second half will not be as great as anticipated s sales move into the new year. EBITDA breakeven should be achieved, which is down on last year and the previous forecast of £1.6m. Net debt was £2.6m at the end of June 2025. The share price slipped 9.68% to 14p.

Fiinu (LON: BANK) is taking advantage of the share price rise since readmission last week to raise £1.41m at 15p/share. The initial payment of £8m for Poland-based foreign exchange brokerage Everfex was satisfied by the issue of 80 million shares at 10p each. A previous subscription generated £801,000 at 10p/share. Luxembourg fund QVP is the main investor in the placing. The share price fell back 8.96% to 15.75p.

Bricks manufacturer Michelmersh Brick (LON: MBH) has been held back by weak demand in the UK and Belgium, as well as an extended stoppage at one of its plants. Interim revenues were 1% ahead at £35.8m, but the pre-tax profit fell from £4.1m to £2.9m. Capital investment cut net cash to £1.5m. The interim dividend is maintained at 1.6p/share. Canaccord Genuity has cut its 2025 pre-tax profit expectations from £13.5m to £9.7m and made further cuts to forecasts for the next two years. Delays in building authorisations are delaying deliveries, but the demand will eventually come through.  The share price decreased 8.3% to 89.5p.

West African gold producer Goldstone Resources (LON: GRL) says the latest gold pour at the Homas mine in Ghana produced 355.6 ounces of gold in the week beginning 18 August. This level of production could be maintained for the rest of the year. The share price declined 6.25% to 0.375p.

FTSE 100 drops as UK gilt yields touch 27-year high

The FTSE 100 was on the back foot on Tuesday as UK gilts rose to a 27-year high, driven by concerns about the government’s borrowing and budgetary plans.

The pound also fell sharply against the dollar as the FTSE 100 gave up 0.3% to trade at 9,162.

“Gilt yields in the UK rose after the prime minister reshuffled the deck, seemingly sidelining his iron chancellor Reeves by poaching her deputy,” said Neil Wilson, Investor Strategist at Saxo UK.

“If the Treasury won’t break the rules, then perhaps Number 10 can? The market move was a sign that investors do not have confidence the Treasury will stick to its strict borrowing rules. Long-dated gilt yields are now trading close to 27-year highs again with the 30yr above 5.7%.”

Rising bond yields are particularly affecting those FTSE 100 sectors most exposed to interest rates.

Housebuilders were broadly lower as investors fretted about interest rates remaining higher for an extended period.

Taylor Wimpey, set to lose its FTSE 100 status after falling 23% so far in 2025, was among the top fallers, declining 2.6% on Tuesday.

Persimmon lost 2.5% and Barratts droped 2.3%. Rightmove was also hit with a 2.2% decline.

Stocks that are considered to have ‘bond proxy’ attributes, such as reliable cash flows and progressive dividend policies, were out of favour as investors looked to bond markets as a lower risk opportunity to capture yields amid the gilt sell-off.

Stocks such as United Utilities, Whitbread, Land Securities, and SSE appear less appealing when investors can achieve a 5.7% yield on 30-year government debt. Some of these stocks will also feel the pinch of higher financing costs.

Marks & Spencer was the top faller with losses of 3.8%.

Stronger commodities helped BP, Shell, and Fresnillo rise by between 1% and 1.8%.

“Oil stocks and precious metals miners were the main gainers in London as gold and silver prices continued to surge,” explained AJ Bell investment director Russ Mould.

“Crude oil prices moved higher, with traders reacting to potential supply disruptions associated with the conflict between Russia and Ukraine.”

Only 17 of the FTSE 100 constituents were trading in positive territory at the time of writing.

Tialis Essential IT shares surge on bumper follow-on contract

AIM-listed Tialis Essential IT has won a substantial five-year contract extension worth approximately £50 million from an existing customer. The managed services provider will deliver lifecycle services, tech bars, end user support and field engineering under the expanded framework agreement.

Tialis Essential IT shares were over 60% higher at the time of writing.

Investors were clearly impressed with the deal as it represents a significant boost to the company’s order book and provides investors with much-needed revenue visibility.

The company said the agreement underscores Tialis’s strong client relationships and successful delivery track record in advanced engineering and technology solutions.

The contract extension builds on previous work with the unnamed long-standing customer, demonstrating high levels of client satisfaction with the firm’s services.

“We are delighted to deepen our long-standing relationship through this major contract expansion,” said Niall O’Regan, Chief Operating Officer of Tialis Essential IT.

“Repeat business from high-quality clients is the clearest endorsement of our capabilities, and this award highlights the trust placed in us to deliver mission-critical solutions. This contract will meaningfully contribute to our revenue base and supports our strategy of driving growth through long-term partnerships.”

Top 10 stocks traded on the Robinhood UK platform in August

US tech shares dominated the top 10 shares traded on the Robinhood UK platform again in August as investors continued to position their portfolios in the world’s fastest-growing and largest AI and crypto stocks.

Another month, another big showing for AI, crypto and tech in general among the most popular stocks in August 2025 on Robinhood UK,” said Dan Lane, Lead Analyst at Robinhood UK.

Top 10 stocks traded on the Robinhood UK platform in August:

  1. Palantir (PLTR)
  2. MARA (MARA)
  3. Tesla (TSLA)
  4. Robinhood (HOOD)
  5. NVIDIA (NVDA)
  6. Advanced Micro Devices (AMD)
  7. Nebius (NBIS)
  8. SoFi Technologies (SOFI)
  9. Apple (AAPL)
  10. UnitedHealth (UNH)

Interest in AI shares remains intact among Robinhood’s clients, despite questions about whether the pace of growth can continue.

“A few worries that AI won’t be the big profit accelerator sector fans were hoping for shook markets towards the end of August. But, renewed hopes of a September interest rate cut helped keep spirits high nonetheless,” Lane explained.

“Palantir’s stock had a busy month, hitting all-time highs thanks to impressing the market with Q2 results, before calming down on the back of valuation concerns. A price-to-sales (P/S) ratio of over 100 clearly widened a few eyes and, with a recent report from MIT questioning the extent of corporate America’s revenue uplift due to AI, the stock trended downwards heading into the back end of August.

“Staying in AI, AMD had a choppy month, with the stock gyrating on a stream of news items including an announcement that the company, along with NVIDIA, plans to give 15% of revenue generated from Chinese chip sales to the US government. Data centre sales have been hampered by the revoking of AMD’s export license so, with this deal in the works, the firm will be hoping trade disruption is close to an end. It was a similar story for NVIDIA, with restrictions meaning zero sales of its H20 processors to China-based customers in its latest quarter. That said, the world’s most valuable company did beat earnings and revenue estimates and guided for sales growth this quarter to stay above 50%.

“Dutch AI infrastructure firm, Nebius, rose up the most popular stock list as its shares continued their post-Liberation Day rise. Bumper Q2 earnings and a guidance upgrade helped lift the stock in August, with broader AI nerves stepping in to stall the party somewhat from the middle of the month.”

Tesla shares are benefiting from investor interest in the autonomous vehicles story and how robotaxis could provide the next phase of growth for the company as EV sales growth falters.

“Tesla’s still among the most popular buys, with the stock making a charge in August on the back of announced plans to expand the company’s robotaxi service and word that a new full self-driving model is being developed,” Lane said.

“On the crypto front, MARA (the artist formerly known as Marathon Digital) makes the most popular list after Bitcoin’s summer rally breathed further life into appetite for miners and exchanges. That didn’t translate into another positive month for MARA stock though, with July marking recent highs.

“Fintech firm SoFi makes the list after investors lifted the stock on the back of beating Q2 earnings estimates and raising revenue guidance. An expanding user base and hike in profits prompted buying throughout August.”

Viva Vietnam: 80 years of independence 

On 2 September 1945, Hồ Chí Minh stood in Ba Đình Square, Hanoi, and proclaimed the Declaration of Independence of the Democratic Republic of Vietnam. 

From Hunger to Harvest, and the Decade Ahead 

In September 1945, as Vietnam declared its independence, the country faced one of its darkest chapters. That same year, the Great Famine swept through the north, claiming nearly two million lives. It was a crisis of hunger, poverty, and vulnerability — the legacy of French colonial rule and a broken food system. For Vietnam, independence was not only about sovereignty; it was about survival. 

Eighty years later, the story could not be more different. Vietnam has transformed from a nation struggling with famine into one of the world’s leading agricultural exporters. Rice, coffee, pepper, seafood, cashew, and fruit from Vietnam now feed families across more than 190 countries. What once symbolised fragility has become a hallmark of resilience. 

This journey — from hunger to harvest — captures the spirit of Vietnam’s development: determined, adaptive, and globally connected. And as the country celebrates its 80th Independence Day, the question is not only what Vietnam has achieved, but what lies ahead in the next decade. 

From Survival to Global Supplier 

Few nations have experienced such a dramatic reversal of fortune. Agriculture was once a matter of survival for Vietnam’s population. Today, it is a matter of global relevance. Agriculture contributes around 12–15% of GDP, but its impact stretches far wider — providing livelihoods for millions, securing rural development, and strengthening food security beyond Vietnam’s borders. 

Vietnam is now the world’s second-largest exporter of rice, the top exporter of cashew, and one of the leading suppliers of coffee and seafood. Vietnam’s fruits and vegetables increasingly appearing in supermarkets across Asia, Europe, and North America. 

This success is not accidental. It has been built on decades of reform, from Đổi Mới in the 1980s to ongoing integration into global trade agreements. Where there was once scarcity, there is now abundance. Where Vietnam was once dependent, it has become indispensable.

The Next Decade: From Volume to Value 

Yet the real story is just beginning. The sheer volume of exports will not define Vietnam’s future in agriculture;, rather, value creation, sustainability, and innovation will propel it forward.

  • Upgrading the value chain: Moving from raw exports to branded, processed, and traceable products will allow Vietnam to capture more of the consumer premium in global markets. 
  • Sustainability as necessity: Climate change is not an abstract challenge. The Mekong Delta — Vietnam’s rice bowl — is among the most climate-vulnerable regions in the world. Success in adaptation and resilience here will matter not only for Vietnam but for global food security. 
  • Technology and innovation: Digital platforms, precision agriculture, and biotechnology are already beginning to transform how Vietnamese farmers grow and how consumers trust what they eat. 

Beyond agriculture, Vietnam’s economic story is diversifying. Manufacturing, services, and the digital economy are taking the lead. Yet agriculture remains a powerful symbol of national resilience — a reminder of how far the country has come and what it can still achieve. 

An Investor’s Perspective: Why Vietnam Matters 

For international investors, Vietnam’s story is both inspiring and pragmatic. It is a nation that has proven its ability to adapt, to reform, and to integrate with the world. Looking to the next decade, there are four reasons why Vietnam will remain at the forefront of opportunity: 

  1. Stability and resilience 
    Vietnam offers a rare combination of political stability, strong social fabric, and commitment to global trade partnerships. These factors anchor long-term investment confidence. 
  1. Demographics and consumption 
    A rising middle class — expected to reach more than 50% of the population by the 2030s — will drive demand for higher-quality food, healthcare, housing, and lifestyle goods. Domestic consumption is becoming as important as exports. 
  1. Green and sustainable growth 
    As Vietnam commits to net-zero by 2050, opportunities are emerging in renewable energy, sustainable agriculture, water management, and green logistics. These align with global capital flows seeking impact alongside returns. 
  1. Global integration 
    Vietnam’s role in supply chain realignments — particularly in Asia’s “China+1” strategy — is accelerating foreign direct investment. The country’s openness to free trade agreements makes it one of the most globally integrated economies in the region. 

For investors, Vietnam represents not only growth, but also a chance to participate in one of the most remarkable national transformations of the 21st century. 

Looking Forward: 80 Years and Beyond 

Vietnam’s 80th Independence Day is more than a milestone. It is a moment to reflect on a nation that has risen from hunger to become a global supplier, and from poverty to prosperity. 

If 1945 was the year of famine, and 2025 the year of global relevance, then 2035 could be the year Vietnam emerges as a model of sustainable growth. A country that balances its agricultural heritage with technological innovation, its manufacturing strength with environmental stewardship, and its cultural resilience with global ambition. 

For Vietnam, independence has never been a static achievement — it has been a living, evolving project. For investors, the lesson is clear: the next decade is not just about witnessing Vietnam’s rise, but about engaging with it. 

From famine to feast, from survival to sustainability, Vietnam embodies the power of resilience and renewal. The journey of the last 80 years offers a powerful reminder: Vietnam is not just rising — it is shaping the future. 

What the dollar’s decline reveals about gold’s rally

by Russell Shor

The Dollar and Gold are Related

For much of market history, the dollar and gold have moved in opposite directions. When the greenback strengthens, the precious metal often falters; when the dollar weakens, gold tends to shine. There are exceptions, of course, but the inverse link remains a defining feature of their relationship.

One reason is straightforward: gold is priced in dollars. A drop in the currency makes bullion cheaper for buyers using other currencies, lifting demand and often sparking rallies. Conversely, a firmer dollar can sap interest, pushing prices lower.

This interplay has been especially influential in 2025, with shifting dollar dynamics shaping gold’s path and reinforcing just how tightly the two assets remain entwined.

Dollar Weakness at the Core

The dollar’s slide through August has been central to gold’s surge. A weaker greenback makes the metal cheaper to buy and strengthens its appeal as a store of value. This long-standing inverse link is once again driving the rally, a theme underlined at Jackson Hole.

Policy Shifts Driving Momentum

Jerome Powell’s speech reset market thinking. A September rate cut now looks likely, with another possible before year-end. Lower rates pull real yields down, reducing the cost of holding gold. The dollar dropped sharply on 22 August after Powell’s keynote, adding fuel to bullion’s climb.

Politics Add to the Strain

Policy is not the only pressure. Moves to remove Federal Reserve Governor Lisa Cook rattled confidence in the bank’s independence. Trade disputes and tariff battles have added to concerns over the dollar’s reserve-currency role. These strains deepen the decline and lift gold’s appeal.

Flows Back Up the Story

Flows confirm the shift, with global gold ETFs drawing roughly $44 billion by mid-August, putting 2025 on course to rival the 2020 record. Lipper data also showed $556 million moving into gold and precious-metals funds in the week to 27 August. Central banks remain active, with China extending purchases into July, Poland adding to reserves, and the People’s Bank of China logging a ninth straight month of buying. The shared aim is clear: diversify away from the dollar and build lasting support for bullion.

The Takeaway

Gold’s rally is not simply about higher prices. It reflects policy shifts, political tension and eroding confidence in the dollar. The greenback’s decline is fuelling demand, but more importantly it signals a structural change in how investors and central banks are positioning for the future.

Click to find out more about gold spread bets with Tradu

Journeo strengthens national security portfolio with £13.7M acquisition of infrastructure protection specialist

AIM-listed Journeo plc has completed a strategic £13.7 million acquisition that significantly expands its capabilities in critical national infrastructure protection.

The transport technology specialist has acquired Crime and Fire Defence Systems Limited (CFDS), a company that specialises in protecting the UK’s most sensitive facilities from physical and cyber threats.

Journeo’s shares were 4% higher at the time of writing on Tuesday.

Strategic Expansion Into High-Security Markets

CFDS brings expertise in safeguarding critical national infrastructure including power plants, water facilities, and high-security industrial sites. The company provides cutting-edge access control systems, perimeter intrusion detection, and advanced thermal surveillance technology.

The acquisition opens exciting cross-selling opportunities with CFDS’s blue-chip client base of multinational utilities and industrial companies.

Strong Financial Performance Drives Deal

CFDS delivered attractive results for the 12 months ended April 2025, with audited revenue of £17.33 million and profit before tax of £1.36 million. The company’s net assets stood at £3.93 million.

Journeo expects the acquisition to boost current year revenue by £4 million and add £0.4 million to profit before tax in the remaining four months of FY25.

Looking ahead to FY26, the deal is projected to increase revenue by £17 million and adjusted profit before tax by £1.4 million above current market expectations.

Deal Structure and Funding

The total consideration comprises £10.7 million in cash from existing resources, £2 million in deferred payments over 24 months, and £1 million through new share issues with a minimum 24-month holding period.

With CFDS bringing over £1 million in cash, the enlarged group will have an aggregate cash balance of £9 million post-completion.

Over the past four years, Journeo has invested more than £6 million in research and development while achieving remarkable growth rates. The company has delivered a 38% compound annual growth rate in revenue and an impressive 102% CAGR in profit before tax.

Previous acquisitions of Infotec and MultiQ Denmark in 2023 have already strengthened Journeo’s market position across fleet operations and local authority sectors.

Today’s acquisition helps deliver on Journeo’s ambitious three-year goal to reach £100 million in revenue while maintaining strong profit margins.

“We are delighted to announce the acquisition of CFDS, a recognised leader in utility Infrastructure Protection solutions,” said Russ Singleton, Chief Executive Officer.

“This acquisition aligns with our strategy of taking our core capabilities into adjacent markets and strengthens our offering and broadens our reach. We look forward to working closely with the CFDS team to unlock value and deliver enhanced integrated solutions to a broader client base.”

FTSE 100 higher as BAE Systems, Babcock and gold rally

The FTSE 100 was largely flat on Monday as investors digested the latest twist in the Trump tariff saga with US markets closed for Labor Day. BAE Systems and Babcock rose on a large order for UK warships from Norway.

We are never too far from tariff headlines despite most major economies striking deals with the US, and the latest twist will be at the front of short-term traders’ minds on Monday.

“US markets are closed for Labor Day, but headlines are anything but quiet,” said Matt Britzman, senior equity analyst, Hargreaves Lansdown.

“A federal appeals court ruled Trump’s global tariffs illegal, setting up a Supreme Court showdown before they expire in mid-October – injecting fresh uncertainty into trade policy. That backdrop, coupled with rising bets on a Fed rate cut later this month, has gold glistening near record highs as investors seek safety. All eyes now turn to this week’s labour data, which could shape the size of the Fed’s next move.”

With US markets closed, there was a lack of insight into how US stocks would react to the court ruling after a US-tech sell-off on Friday. As a result, UK investors preferred to take a wait-and-see approach, with an early rally fading as Monday’s session progressed.

“The FTSE 100 is up around a quarter of a percent early on Monday, having put in a modest gain for the month of August, with banking stocks sliding on the last day to take some shine off the performance,” said Saxo UK Investor Strategist, Neil Wilson.

“Today, BAE Systems is riding higher after the UK secured its largest ever warship deal from Norway, with the £10bn deal supporting its Glasgow shipyards for years to come. Babcock and Rolls-Royce are also getting in on the action, with all three rising over 2% on the news.”

BAE Systems was 1.8% at the time of writing. We explained in a recently published article why BAE Systems will need plenty more orders of this scale to justify its current valuation.

Gold’s rally towards $3,500 helped Endeavour Mining shares to the top of the FTSE 100 leaderboard with a 3.8% gain.

3i Group was the top faller with a 1.8% drop.

Banks, including Barclays and Lloyds, were higher as they recovered some of the losses sustained at the end of last week on the back of suggestions of a banking windfall tax.

AIM movers: Team Internet sees signs of improvement after profit slump and Aura Energy offtake deal

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Galileo Resources (LON: GLR) says drilling at licence PL253 in the Kalahari Copperbelt in Botswana has intersected a wide interval containing intermittent copper mineralisation. Further study is required. Drill samples will be tested. Two further holes will be completed shortly. The share price rose 12.8% to 1.1p.

ValiRx (LON: VAL) says majority-owned Cytolytix has received a notice of allowance for a European Patent application for “Nanoparticle for Anti-Cancer Peptides and Uses Thereof” (application No. 21798092.9). The share price improved 11.5% to 0.725p.

Abingdon Health (LON: ABDX) has launched the second phase of expansion at its US facility. It has won five projects for developing lateral flow tests. The expansion of the Wisconsin facility includes manufacturing capacity. The share price is 9.52% higher at 5.75p.

Aura Energy (LON: AURA) has secured an offtake agreement with a US utility for uranium oxide concentrate from the Tiris project in Mauritania. The price is well above the expected cost of production. It is subject to a final investment decision being made on the Tiris project by the end of 2025. There is also a spot sales agreement with an international uranium group. The share price increased 8.33% to 9.75p.

FALLERS

Mkango Resources (LON: MKA) had cash of $1.2m at the end of June 2025. That was before the announcement of plans to combine its Songwe Hill rare earths project in Malawi with the Pulawy rare earth separation project in Poland and list them on Nasdaq as Mkango Rare Earths. This creates a vertically integrated rare earths business. The pro forma value of Mkango Resources’ shareholding would be $400m before any fundraising and transaction costs. The Tyseley Energy Park facility is moving towards production of finished sintered NdFeB magnets. The US operation is progressing towards the financing of its HPMC recycling project. Chinese restrictions have reduced magnet exports. The share price declined 7.93% to 37.75p.

UBS has disposed of its 5.74% stake in Revolution Beauty (LON: REVB). The cosmetics supplier has raised £16.5m at 3p/share. The share price is 6.67% lower at 3.64p.

Team Internet Group (LON: TIG) was always expected to report a downturn in interim revenues following changes to Google search policy and they slipped from $409.7m to $263.9m. A loss was reported, but there was a profit before amortisation and impairment. The internet domains business continues to grow with new contract wins set to contribute to the second half. The comparison business had a weaker first half, but it has started to grow as revenues build up in newer countries. There are also signs of improvement in search, but they are relatively modest, with higher gross margin achieved on newer search services. Zeus forecasts a 2025 underlying pre-tax profit of $49.4m, recovering to $62m next year. Net debt is expected to be $94m at the end of 2025, which is much higher than previous estimates. The share price fell 3.57% to 59.5p, which is seven times prospective earnings.

Oil and gas company Sunda Energy (LON: SNDA) had available cash of £976,000 at the end of June 2025. There was a cash outflow from operations of £1.39m in the latest six-month period. There was £1.95m spent on exploration. Drilling in Timor-Leste is planned for the first half of 2026. Management is seeking additional opportunities and applications for two blocks in the Philippines are awaiting authorisation. The share price decreased 3.77% to 0.0255p.

Challenger Energy Group (LON: CEG) has completed the sale of its oil and gas operations in Trinidad and Tobago and has received a further $500,000 in cash. There are further deferred payments of $1m over the next 16 months. Total payment will be $1.75m, plus a potential contingent payment of up to $2m linked to production levels. The share price is 3.12% lower at 7.75p.

Alumasc Group: with results tomorrow, despite challenging times 2025 sales and profits expected to be ahead

Tomorrow morning, Tuesday 2nd September, the £121m-capitalised Alumasc Group (LON:ALU) will declare its 2025 results. 
Way back at the start of February this year, I featured the group, with its shares then trading at 292.50p, on the basis that I was expecting it to be a steady performer for any portfolio. 
Since then, the shares have peaked, hitting 395p in early June showing a 35% increase in price in just four months, before easing back on profit-taking to 335p. 
Now I expect that a good piece of corporate news will get them moving back upwards again, offering a useful buying...