News blog

Quoted Micro 22 June 2026

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

AQUIS STOCK EXCHANGE

Daniel Thwaites (THW) improved annual turnover 5% to £127m and earnings also rose 5% to 13.5p/share. Strong trading helped to offset the higher employment costs. Net debt was reduced to £67.7m at the end of March 2026. The total dividend has been raised from 3.5p/share to 3.75p/share. Growth in inns was much greater than in tenanted pubs. The main profit improvement was in the hotels and spas division. Early trading in the current financial year has not been as strong as last year, partly down to the weather.

Tomahawk Metals (TWHK) has completed due diligence on the Slovakian gold and antimony assets. Completion of the transaction should be in four to six weeks. The payment is five million shares issued in two tranches valued at 2p each. A further £100,000 is payable when the company moves to AIM.

Mollyroe (MOY) had cash of £113,000 at the end of 2025. There is an ongoing interest in AI-powered filmmaking platform developer Cascade Studio, which has been advanced £740,000.

Fenikso (FNK) had net assets of £22.9m at the end of 2025. The latest receipt of funds from Lekoil and Gas Investments is $971,881, leaving $31.4m owed.

B HODL (HODL) says its lightning service provider platform has achieved early demand for its liquidity services and this provides Bitcoin-denominated fee income. Management acknowledges that the Bitcoin price has been falling. It says that it has sufficient cash for its requirements.

Delta Gold Technologies (DGQ) has raised £143,000 through the exercise of warrants at 50p each. The quantum computing IP developer has renewed its research collaboration with the University of Toronto for a second year. A provisional patent has been filed.

Ajax Resources (AJAX) says Environmental Impact Assessment of the Macacha copper and silver project should be received in July. A tender process has begun for the proposed drilling campaign. This will be used to update the historical oxide Mineral Resource Estimate of 6.6 million tonnes grading 0.62% copper and 18 g/t silver. There are also additional prospective areas.

WeCap (WCAP) investee company WeShop has appointed Maria Weaver to help US expansion for the community-owned shopping platform. WeCap directly owns 806,022 class A shares and effectively owns a further 489,583 shares via its 23.5% stake in Community Social Investments. That is an effective stake of 11.8%.

Sterling Digital (ASIC) has raised £383,000 at 6p/share, which was a premium to the then share price. This will help to fund the energy-led Bitcoin mining infrastructure strategy.

New energy B (NRGB) director David Lenigas bought 100,000 shares at 13p each, taking his stake to 5.6%. Astrid Intelligence (ASTR) executive chairman Mark Creaser bought an initial 166.67 million shares and chief executive Siam Kidd also acquired 166.67 million shares all at 0.09p each.

Infinity Resource Group has taken a 6.6% stake in Marula Mining (MARU). RiverFort Global Capital has a 13% shareholding in Nomad Compute (NMD).

EPE Special Opportunities (EO.P) has recommenced share buybacks.

ASSET MATCH

Wadworth (WAD) has decided to suspend trading of A shares in Asset Match to move to the PISCES-based market operated by Asset Match. This ensures compliance and avoids disruption.

VP Fintech (VPF) investee company Valens Pay will be an official participant in the Circle Alliance Program. Circle issues USDC stablecoin. Valens Pay is developing a non-custodial digital asset payment ecosystem designed to enable individuals and businesses to hold, transfer, and utilize stablecoins.

AIM

Cinemas operator Everyman Media (EMAN) plans to leave AIM and shareholders will be asked to agree to the proposal at a general meeting. There is apparently backing from holders of two-thirds of the share capital. The board will initially hold discussions with key stakeholders before announcing the general meeting. Net debt was £22m at the end of 2025. There is no indication whether there will be a tender offer to shareholders who do not want to maintain their shareholding in a private company. Everyman Media has had a tough few years since Covid lockdowns, but there are signs of improvement. In the 21 weeks so far this year, revenues were 26.5% higher at £58.5m. Director Charles Dorfman continues to buy shares. He has acquired 227,000 shares at 35.89p each. This follows other purchases before and after the announcement. He owns 8.38%.

DBAY Advisers has acquired a 5.45% stake in capital machinery supplier Mpac (MPAC) following the disappointing results and downgrade. Richard Griffiths has a 3.74% interest. They obviously see value in Mpac at this level. Interim finance director Duncan Tyler has bought 4,000 shares at 233.6p each. Non-exec David Squires bought 10,000 shares at 249p each and 10,000 shares at 248p each.

Online retailer boohoo (DEBS) reported full year results in line with expectations. Cost reductions are going well, and the loss was reduced to £23.9m. Panmure Liberum raised its 2026-27 forecast revenues by 8% to £877m but kept the pre-tax profit forecast of £21.2m unchanged. Capex will be halved this year, helping to improve cash generation and nearly halve net debt to £47m at the end of February 2027. That is before a potential sale of the Burnley warehouse.

Quantum Helium (QHE) has confirmed helium-bearing gas, reservoir connectivity and commercial oil production following the Sagebrush-1 extended production test in Colorado. The company has a 90% working interest. Helium concentrations of 2.5% have been confirmed and there is an unexpected oil discovery that could produce up to 40 barrels per day.

University technology investor Frontier IP (FIPP) has raised £4m via a placing and subscription at 12p/share and a retail offer raised a further £400,000. There was £1.6m in the bank at the end of 2025. There are six core holdings in the portfolio and some of these may be nearing realisations. The cash will help to finance near-term opportunities. It will also help to fund development of the company’s new facility which will help to develop new investee companies. Annual overheads have been reduced to £2.5m. The NAV was 52.7p/share at the end of 2025.

Electricals retailer Marks Electrical (MRK) has been fined £1.2m, reduced to £700,00, by the CMA because of misleading presentation of optional paid services. There is also consumer redress of £600,000. New compliance measures are in place. This comes at a times when trading appears to be improving, although it is still tough. Full year revenues fell from £117.2m to £108.4m, and underlying pre-tax profit was £856,000.

Gift packaging and stationery supplier IG Design (IGR) returned to paying dividends and announced a share buyback programme. The latest figures have changed from US$ to pounds. Ongoing pre-tax profit fell from £14.9m to £8.6m. The decline was in the UK and Europe as IG Design sought to maintain market share. Net cash was £54.6m. The final dividend is 1p/share, and the plan is to pay dividends at least three times covered by earnings. The latest is covered seven times.

Offshore energy services provider Tekmar Group (TGP) improved interim revenues by 31% to £16.2m, and the loss was more than halved from £2.7m to £1.1m. Net debt was £3.6m at the end of March 2026. Activity is at record levels and capacity utilisation is increasing. Tekmar could get near breakeven in the year to September 2026.

Audio visual services provider MediaZest (MDZ) increased interim revenues from £1.91m to £2.67m and made a small underlying pre-tax profit. The reported pre-tax profit of £754,000 included a £546,000 gain on the write-off of interest on convertible loans and £198,000 gain on restructuring borrowings. Key projects are being rolled out. Full year revenues could reach £5m, up from £4.15m, and associated pre-tax profit of more than £250,000, compared with £103,000.

Driver monitoring technology company Seeing Machines (SEE) has agreed an expansion of an existing automotive programme. This extends the range of vehicles using the technology. There is an additional $31m that will be earned and production starts later in 2026. This follows the new contracts announced on Monday with two Japanese car manufacturers that are existing clients. Production starts in 2028 and the contracts will generate revenues of $11m.

Emmerson (EML) says that it has been granted a UK patent for its Khemisset multi-mineral process. This is designed for use on the Khemisset potash project in Morocco, but it could be used for other potash deposits. It halves water usage and increases recovery rates. Arbitration with the Moroccan government over the Khemisset project continues.

Neonatal ventilators supplier Inspiration Healthcare (IHC) increased full year revenues by 24% to £47.5m, helped by one-off exports. The company broke even following a loss of £3.1m in the previous year. The focus is own brand sales and the Mircel distribution contract is ending. That will hit revenues in 2026-27 along with expected lower exports after the one-off contract, and it means Inspiration Healthcare could return to loss. Underlying revenues should improve, though. Net debt could fall from £5.1m to £4.6m due to lower working capital.

MAIN MARKET

Nanoco (NANO) says that it would not have gained enough votes to gain approval to depart the Main Market. The general meeting was not held. It is engaging with shareholders.

Motor dealer Caffyns (CFYN) revenues dipped 2% to £270.7m and there was a move from profit to loss. The dividend is unchanged at 10p/share. Net debt is £7.3m. Costs are being reduced.

Quantum Data Energy (QDE) is considering its options after the resignation of Crowe as auditor. It believes that the reasons given were vague and it disputes them.

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