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AIM 50 Digest 29 December

  • BY: Andrew Hore |
  • POSTED: 01/01/2024 |

Smart Metering Systems (SMS) founders Alan Foy and Steve Timoney and Primestone Capital believe that the 955p/share cash bid is not a full valuation of the business. These shareholders own 17.8$ of SMS. 
Video games services provider Keywords Studios (KWS) is acquiring The Multiplayer Group from Improbable Worlds for £76.5m. The acquisition target is one of the largest developers of multiplayer games for major studios. This will be earnings enhancing.
Oil and gas producer Serica Energy (SQZ) has secured a $525m secured reserves based lending facility and this could potentially be doubled. This lasts until the end of 2029. The existing $271m facility will be repaid.
In the year to June 2023, Alaska-focused oil and gas company Pantheon Resources (PANR) reported a $11.4m cash outflow from operating activities with a further $47.9m investment in exploration. There was cash of $20.7m and convertible debt of $26.8m at the end of June 2023.
Big Technologies (BIG) finance director Daren Morris bought 5,000 shares at 173p each. Lok’nStore (LOK) non-exec Bridget Barker bought 12,000 shares at 820p each. 
Gumshoe Capital has acquired a 3% stake in FD Technologies (FDP). Richard Griffiths has reduced his stake in Niox (NIOX) from 26.9% to 23.9%. 

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