News blog

AIM 50 Digest 20 June 2025

BY: Andrew Hore |
POSTED: 22/06/2025 |

Tatton Asset Management (TAM) continues to build up its assets under management. In March 2021 the assets under management were £9bn and they have risen to £21.8bn by the end of March 2025. By June the figure is £22.9bn. The target is assets under management of £30bn by March 2029 – which is more than double the figure in 2022-23. Revenues were 23% ahead at £45.3m. Underlying pre-tax profit improved from £17.4m to £23.2m. The full year dividend is 19% higher at 19p/share. Net cash improved to £32.1m at the end of March 2025. Zeus has edged up its 2025-26 pre-tax profit forecast to £26.3m.
=====
Localisation and translation services provider RWS (RWS) reported a 61% slump in underlying interim pre-tax profit to £18m on a 2% dip in revenue to £344.3m. The interim dividend is unchanged at 2.45p/share. Net debt is £27m. Three out of four divisions grew in the period, but a weaker performance in regulated industries hit margins. There should be modest organic growth in the second half. The new chief executive has set out a revised strategy. The business will be simplified into three business units: generate, transform and protect. Regional sale teams will be established. There will be a focus on technology development. Full year pre-tax profit could be £61.7m.
=====
Central Asia Metals (CAML) has increased its cash offer for New World Resources from A$0.050/share to A$0.053/share, which values the target at A$197m. There will also be a A$10m cash injection into the company if it does not receive a higher bid in the next fortnight. The bid is recommended. Kinterra Capital has acquired 428 million shares in New World Resources in the past couple of weeks.
=====
Public sector and engineering software supplier Idox (IDOX) increased profit by 14% to £6.4m on revenues 4% ahead at £45m. Order intake was 9% ahead at £58.7m. Net cash is £200,000. Idox has £110m of available facilities to finance acquisitions. The latest acquisition was Pilanz, which provides social care software. Geospatial services remain a focus of expansion.
=====
Identity and verification services provider GB Group (GBG) increased revenues from £277.3m to £282.7m and improved underlying operating profit from £61.2m to £67m. The final dividend was raised from 4.2p/share to 4.4p/share. Net debt was reduced from £80.9m to £48.5m, which is before the start of share buybacks that could amount to £10m. There was strong cash generation from operations and minimal capital expenditure and there could be another sharp fall in debt this year. This year, growth will be second half weighted, although currency movements could hamper progress. Finance director David Ward bought 10,000 shares at 235p each.
=====
MP Evans (MPE) has launched a £12m share buyback programme. Up to £2m can be used to purchase shares in the market, while the other £10m can be used in limited circumstances, such as when a large shareholding comes on the market. In the first five months of 2025, crops were 11% higher, but crude palm oil production was slightly lower at 621,800 tonnes. The average sale price is higher at $876/tonne.
=====
Electronic monitoring company Big Technologies (BIG) says six resolutions at the AGM were not passed, although four of them would have gained a majority if former boss Sara Muray, the subject of litigation, had not voted against them.
=====
Pan African Resources (PAF) says there has been a fatal accident at Barberton’s Sheba mine. Full year gold production is expected to increase from 186,039 ounces to 197,000 ounces, but this is below previous guidance. Costs are higher than expected. Production could exceed 275,000 ounces in 2025-26. The company expects to have paid down debt by June 2026.
=====
ICG Europe IX has ended discussions with GlobalData (DATA) about a possible offer and does not intend to bid. GlobalData is likely to revive plans to move to the Main Market.
=====
Online marketing and domain name services provider Team Internet (TIG) has been awarded a 10-year contract to run the .co top level domain, which is country code for Colombia, in partnership with Colombian registrar CCI REG. This will further enhance the core domains business, although it will not offset the declines in search. The initial revenues should start at the end of 2025.
=====
Cohort (CHRT) was named company of the year at the 2025 Small Cap Awards, while chief executive Andrew Thomis was executive director of the year.
=====
Mortgage Advanced Bureau (MAB1) deputy chief executive Ben Thompson is stepping down from the board and take on a strategic role. Yaiza Luengo has been appointed as chief operating officer. She has experience in technology for financial services businesses.
=====
ITM Power (ITM) has been selected for two UK project in the Hydrogen Allocation Round 2. There is one large scale project and another smaller one. Both will use the POSEIDON electrolysis process module. The projects are subject to final investment decision.
=====
Vet practices operator CVS Group (CVSG) continues to engage with the Competition and Markets Authority after it extended the deadline of its market investigation.
=====
Fuel cell technology developer AFC Energy (AFC) is successfully reducing the cost of its 30kw hydrogen fuel cell generator. A value engineering exercise has cut the cost by 85%. There are plans for a manufacturing partnership with Volex (VLX).
=====
Lime and building materials supplier SigmaRoc (SRC) is investing €1m in seed funding for Koncrete, which is a French company involved in digitisation of real-time quotes and maximising efficiency of logistics. There are also plans to integrate materials from demolition into supply chains.
=====
AstraZeneca has cut its shareholding in Niox (NIOX) from 16.997% to 15.86%.
=====
Brickability (BRCK) non-exec Clive Norman sold one million shares, while Paul Hamilton, MD of distribution, sold three million shares, both at 69p/share. Founder Tony Best and his wife sold 45,000 AB Dynamics (ABDP) shares at 1746.9p each. The remaining stake is 23.5%. Fevertree Drinks (FEVR) non-exec bought 24,590 shares at $12.28 each via the US OTC Market quotation.

AIM Micro

News blog

AIM 50 Digest 20 June 2025

Quoted Micro 9 March 2026

Quoted Micro 2 March 2026

AIM 50 Digest 27 February 2026

Quoted Micro 23 February 2026