Today’s AIM Movers with Microsaic Systems rising 38% featuring MSYS, EQT, SVE, TSG, QUIZ
Abraham Darwyne
AIM Movers
12:19, 11th January 2019

A round up of today’s AIM listed movers

Microsaic Systems (MSYS) FOLLOW is up 38% after announcing the introduction of a new protein identification technology. It’s MiD® ProteinID is a “break-through mass identification technique”, and “transformational” for process analytics.  Glenn Tracey, CEO of Microsaic, said, "Bringing the power of the centralised laboratory to in-situ bioprocessing line measurements, the Microsaic MiD® ProteinID reduces key bioprocessing analyses from days to minutes.” He added that it allows operators to accelerate the time-to-market for new biologics development.

EQTEC (EQT) FOLLOW is up 37% following the announcement it amended its loan facility with Cuart Investments Fund and associates. The technology company focused on solutions for waste gasification to energy projects, has ammnded the loan to allow the company to focus on delivering projects in the pipeline. Ian Price, CEO of EQTEC plc, commented: "EQTEC currently finds itself presented with significant contract opportunities which we wish to capitalise on. This amendment to the Loan Facility will allow the Company to pursue our goal of generating revenue both through the execution of new and existing contracts ranging from €10m to €100m.”

Starvest (SVE) FOLLOW is up 22% following the recent release of its Net Asset Value for the previous year as of 31 December 2018. The specialist mining and resources investment business reported a net asset value of £2.12 million, a significant discount to it’s current market capitalisation of 1.48m. It specialises in selecting compelling opportunities early in the investment cycle.

Trans-Siberian Gold (TSG) FOLLOW is up 8% following the release of a trading update. The company operates and owns the Asacha Gold Mine in Far East Russia. It revealed that FY18 gold production was “expected to be exceeded”, reporting improved gold grades. It expects to exceed the upper end of full year production for 2018, and reported substantially reduced power costs in 2019 for electricity supply. 

Quiz Plc (QUIZ) FOLLOW is down almost 30% following the release of a Christmas trading update. The fashion brand, specialising in occasion wear and dressy casual wear stated that it anticipates revenues for FY 2019 will be lower than current market expectations at £133m. It also revealed higher than anticipated discounting to clear inventory, which the company said is expected to reduce gross margins to 60.5%, compared to 62% in the previous year. However the group increased online revenues by 34.1% and standalone stores revenues increased by 1.6%. 

 

Advertisement
Comments
info
Login or register to post comments

Advertisement
Recent Articles