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%.
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SP Angel research note on commodities and miners, featuring: Arkle Resources* PLC (ARK LN) Formerly Connemara Mining* (CON LN) – 2018 results and exploration update Cora Gold* (CORA LN) – Major shareholder raises his stake Thor Mining* (THR LN) – Bonya XRF results confirmed Tri-Star Resources* (TSTR LN) – SPMP update on antimony-gold plant
Victor Hugo Manzanilla, CEO of Salarius said: “Salarius is in discussions with numerous snack food companies who are evaluating MicroSalt® for possible inclusion in their products, and we will update the market in due course,"
Rod Findley, Immotion Group’s Commercial Director said: “We feel we have the perfect VR product for this market - one that's already delivering solid ancillary revenue, as well as enhanced customer experiences to aquariums and zoos around the world."
Hargreaves bosses Mark Dampier and Lee Gardhouse refuse to give up bonuses, The former chief executive of Barclays has been cleared of wrongdoing after a judge ruled there was “insufficient evidence” to support the charge of conspiracy to commit fraud, Mobile operators should face scrutiny from cartel watchdogs
Five financial stories, trending today in a 60 second podcast, including: Britain will see the slowest growth in consumer spending in 2019 in six years, piling even more pressure on retailers, EY ITEM Club forecast today. It said it expects spending to rise by 1.6% over last year, although that would be faster than an estimated 1.3% growth in the broader UK economy in 2019.
On today's podcast: Audioboom cover recent news including their podcast content funding guarantee arrangement. Polarean discuss the progress they are making in their Phase III Clinical Trials. Arix Bioscience provide an insight into their portfolio, investment process and strategy.
SP Angel research note on commodities and miners, featuring: Anglo Asian* (AAZ LN) – Board presents to packed AGM on dividends, further expansion and new exploration success Bushveld Minerals* (BMN LN) – Brits Vanadium Project maiden resource at 66.8mt grading 1.58% V2O5 in magnetite Edenville Energy* (EDL LN) – 2018 annual results KEFI Minerals* (KEFI LN) – Hawiah exporation update Premier African Minerals* (PREM LN) – Loan Note funding Solgold* (SOLG LN) – Ecuador court rejects proposed referendum
Dixons Carphone (DC.) reveals big losses at mobile phone shops, Neil Woodford has been urged to hand money back to investors as soon as possible from his scandal-hit flagship fund, Britain’s biggest mobile operators face explosive claims of attempted price fixing and collusion as part of a £1bn High Court battle over the sudden collapse of Phones 4U, BCA Marketplace in £2bn takeover talks