A round up of today’s AIM listed movers
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.
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.”
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.
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.
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%.
Kodal Minerals said it is on track to complete a Mineral Resource estimate update to include all drilling results to date. The project is attracting the attention of investors and off-take partners interested in securing a long-term supply of lithium.
SP Angel morning look at commodities and miners, featuring: Bushveld Minerals* (BMN LN) BUY – Target Price 87p – China to better enforce vanadium compliance Cornish Lithium (Private Company) – Completion of further funding round Ironveld (IRON LN) – Vanadium ore bulk sample delivered to potential off-taker Kodal Minerals* (KOD LN) – Bougouni drilling results LSC Lithium (LSC CN) – LSC Lithium enters definitive arrangement agreement to be acquired by Pluspetrol Rio Tinto (RIO LN) – Q4 and 2018 production results highlight copper Shanta Gold (SHG LN) – $325k worth of convertibles bought back Vast Resources (VAST LN) – $5.5m Mercuria Tranche B update
Five financial stories, trending today in a 70 second podcast, including: A shopping centre has been put up for auction with a starting price of £1 in a move underlining the crisis facing retail landlords. Columbia Threadneedle Investments, the large City fund manager, is selling the Postings Centre in Kirkcaldy, Fife, on behalf of a pension fund.