News blog

AIM 50 Digest 19 June 2026

BY: Andrew Hore |
POSTED: 21/06/2026 |

Localisation, content and IP protection services provider RWS Holdings (RWS) reported a recovery in interim revenues and profit, although current exchange rates are a headwind to further progress. There are 60% of revenues in US$ and the majority of costs are in Euros. In the six months to March 2026, revenues improved 5% to £360m, while an improved gross margin meant that underlying pre-tax profit was one-third higher at £24m. The dividend has been rebased and cut 29% to 1.75p/share. Net debt was £32.5m at the end of March 2026. Full year pre-tax profit is forecast to be around 10% ahead at £66m, which is still well below the 2023-24 level. The figure is held back by an initial loss from the recently acquired AI platform Obviously and the forex headwind.
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Tatton Asset Management (TAM) continues to beat expectations. Full year revenues were one-fifth higher at £54.4m and underlying pre-tax profit of £28.5m was slightly higher than the forecast that had already been upgraded. The full year dividend is 42% higher at 27p/share. Assets under management grew to £24.2bn and since March it has already risen to £26.5bn with net inflows of £600,000. Zeus has raised its 2026-27 pre-tax profit forecast by 8% to £34.5m. Zeus expects net asset inflows to continue at £246m/months. Non-exec Pippa Hamnett bought 601 shares at 656p each.
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IT managed services provider Redcentric (RCN) announced a tender offer of up to £90m at 160p/share. Each shareholder can tender as many shares as they wish, but the basic entitlement is 35.3% of any shareholding. There will be scaling back if more than 35.3% of the total share capital is tendered. The share capital reorganisation is designed to get rid of shareholders with less than 20 shares. A 20-for-one share consolidation will be followed by a one-for-20 subdivision.
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Central Asia Metals (CAML) increased copper, zinc and lead production in the first five months of 2026 and it is on track to achieve 2026 production guidance. There were 5,141 tonnes of copper produced, and the average price received jumped from $9,377/tonne to $13,076/tonne. The zinc price rose from $2,765/tonne to $3,299/tonne with 7,566 tonnes produced, while the lead price dipped from $1,952/tonne to $1,934/tonne with 11,142 tonnes produced - although lead treatment charges have turned negative boosting revenues. An option has been signed over an additional licence in the Tengiz Basin in Kazakhstan. Non-exec Alison Baker bought 7,545 shares at 132.5119p each.
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Sustainable wood supplier Accsys Technologies (AXS) reported full year figures in line with the recent trading statement. Revenues including the US joint venture were one-quarter higher at Euro183m. There was a sharp reduction in the loss and the company should move into profit this year.
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Semiconductor wafer manufacturer IQE (IQE) has secured a multi-year Indium Phosphide (InP) epiwafer supply agreement with Tower Semiconductor. The epiwafers will be used in data centre infrastructure. There is a minimum purchase commitment in the first year and minimum volume commitments after that. Tower will also provide a broad worldwide and royalty-free licence for porous silicon patents which have been the subject of an IP dispute between the companies.
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Hargreaves Services (HSP) says all three divisions improved profit in the year to May 2026. Pre-tax profit of £33.2m is forecast – boosted by gains on renewable project disposals. Net cash estimates have been raised from £14.3m to £21.6m. Demand for earthmoving and other services from infrastructure projects remains strong. The total dividend should be 39p/share.
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BRCK (BRCK) acquired HS Jackson and Son, which manufactures and installs timber and steel fences and gates, for £15m plus £4.9m in land and property. In 2024-25, revenues were £40.9m and EBITDA was £4.2m.
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H-Power (HPOW) has signed a deal to sell 5,000kg of fuel-cell-grade hydrogen from its ammonia cracker pilot plant to Protium. It has also agreed to sell two LC30 fuel cell generators to TAMGO and they will initially undertake trials in Saudi Arabia. In the six months to April 2026, revenues improved from £17,000 to £253,000. There was a £6m cash outflow in the period. Cash was £17.4m at the end of April 2026.
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Mixer drinks supplier Fevertree Drinks (FEVR) announced a further £30m share buyback programme. Energy costs are hedged into 2028, and other costs are hedged into 2027. Trading is in line with expectations. Market share has been gained in the UK, Europe and the US.
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Harwood Capital has a 8.02% stake in M and C Saatchi (SAA), including 6.62% held by fully listed Rockwood Strategic. Current revenues are in line with expectations so far in 2026.
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Kefi Gold and Copper (KEFI) has signed a $400m mining services agreement with BCM Group for the Tulu Kapi project in Ethiopia.
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In the first five months of the year, MP Evans (MPE) group crops were 10% ahead at 575,100 tonnes. Total crude palm oil production was 8% higher at 157,600 tonnes (including production from third party crops). The price was $880/tonne. There has been no disruption from government regulation changes in Indonesia. The share buyback programme has been restarted.
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LBG Media (LBG) has been hit by a sharp downturn in higher margin programmatic advertising revenues. Direct sales helped to increase interim revenues 19% to £52.4m, but pre-tax profit fell from £11.1m to £6.3m and full year guidance has been reduced. Zeus expects full year pre-tax profit to slump from £22.9m to £11.9m.LBG Media has acquired 75% of creative agency Uncovered Holdings for an initial £26.8m plus up to £7m depending on performance. This deal will diversify revenues.
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Camellia (CAM) has sold a substantial amount of its remaining South Asian art collection via auction for £14m after costs. Gross profit is £13.4m.
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Serica Energy (SQZ) has completed the acquisition of 10% of the Catcher Field and a 5.21% interest in the Golden Eagle Area Development.
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Frontier Developments (FDEV) says 2025-26 revenues were 16% higher at £104.8m and underlying operating profit rose 46% to £18.8m. Cash was £44m at the end of May 2026.
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SigmaRoc (SRC) chief executive Max Vermorken bought 10,000 shares at 119.65p each.
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Afentra (AET) raised £2m from the retail offer at 67p/share.

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