Open Orphan discusses their final results and demerger of Poolbeg Pharma. Toople talks about their interim results. Eco Atlantic Oil & Gas discusses upcoming milestones. Vadim Alexandre discusses Spectral MD a company IPO'ing soon.
I3 Energy, the independent oil and gas firm with assets and operations in the UK and Canada, said its maiden dividend could be paid by July should the cancellation of its share premium account, which is to be confirmed by the end of this month, prove successful.
Zak Mir takes a look at some of the most followed small caps of the moment on the London market. Today's selection includes Chaarat Gold, Dev Clever, Dukemount Capital, i3 Energy, Kodal Minerals, Midatech Pharma, San Leon, Tern and Zaim.
In its results for the year to 31 December 2020 Open Orphan described the period as “an important year of transition” following the group’s acquisition of hVIVO in January 2020. Despite booking a loss of £10.8m in FY20 (FY19: loss of £5.7m), the group made an operating profit in 4Q20 and stated that it is aiming to deliver full year profitability in 2021.
In its half-year results for the six months ended 31 March 2021 Toople, which provides telecom services to UK SMEs, hailed its progress as gross profit and gross margin both increased, respectively, while the group also reported ‘a substantial improvement’ at the EBITDA level. The company added that trading has ‘progressed well’ in the months since March 2021 with Toople having won a string of new contracts and contract extensions.
Just when it seemed that UK small caps were regaining their footing, the Federal Reserve comes in with some cold water. Hopefully, the latest news regarding All Active Asset Capital and better liquidity as June has progressed will mean any Stateside hiccup is short-lived.