News blog

Quoted Micro 27 October 2025

BY: Andrew Hore |
POSTED: 27/10/2025 |

AQUIS STOCK EXCHANGE

WeCap (WCAP) investee company WeShop has filed a registration statement with the SEC to register 12.5 million WePoints which are part of the ShareBack Rewards Plan for customer of the shoppable social network. This is part of the process towards the Nasdaq listing, which could happen by 10 November. WeCap owns 12% of WeShop shares, which could be worth 8.4p/WeCap share at a valuation of £300m. Hot Rocks Investments (HRIP) owns 150,000 WeShop shares.

Arbuthnot Banking (ARBB) had funds under management of £2.5bn at the end of Septemner 2025. Residential and private equity markets have been weak ahead of the Budget.

SulNOx Group (SNOX) has gained a European patent for Sulnox Reclaim, which can be used to deal with oily wastewater from ships. This is the third fuel reclamation patent in Europe. Shipping company Eastern Pacific Shipping has been issued 3.27 million shares. This relates to volumes of Sulnox Eco purchased.

The Smarter Web Company (SWC) has bought 10 Bitcoin for £832,584. It owns 2,660 Bitcoin, having invested £220.4m. A further £1.19m has been raised by the company at 89p/share.

EDX Medical (EDX) is raising £2m at 14p/share and up to £2m from a convertible loan note to founder Sir Chris Evans. He owns 35.2% of the share capital. The cash will accelerate development of digital diagnostic products.

Trading in Majestic Corporation (MCJ) shares has started on the US OTCQB Venture Market. Shares in Vaultz Capital (V3TC) have also started trading on the US OTCQB Venture Market.

Vault Ventures (VULT) has completed the third cycle of the vSignal.ai platform. Closed user testing starts on 29 October.

Three new directors have been appointed by Eight Capital Partners (ECP), including Federico Bazzoni as executive chairman. Two existing directors have stepped down.

Mendell Helium (MDH), which has an option over M3 Helium, says helium flow rates at Rost is increasing each day as dewatering progresses. It is currently generating $800 of helium each day. Production is expected to start by the end of October. Opportunities ae being assessed at the Jasper well in Nebraska.

B HODL (HODL) has taken its Bitcoin holding to 148 at a total cost of £12.5m. The company has applied for shares to be traded on the US OTCQB Venture Market.

ProBiotix Health (PBX) has secured a commercial partnership with Australia-based Wellizen. It focuses on nutrition, microbiome and lifestyle wellness and owns the THERONOMIC consumer brand. ProBiotix will supply LPLDL for a dietary supplement capsule product targeting cardiometabolic health: Tri-Biotic Cardi-Flo.

Clean Invest Africa (CIA) says it is working to address is financial obligations, but creditor days have extended beyond agreed terms. Funds are required to complete the audit of the 2025 accounts and publish the interims to June 2025. There was a default of a subscription agreement to raise $750,000 in April. Money has still not been received from another subscription deal of $1m and the payment time has been extended. This has delayed investment in investee businesses.

Fenikso (FNK) has received a further $552,000 repayment of a loan to Lekoil Oil and Gas and the remaining loan is $35.16m.

Cardiogeni (CGNI) has restated its 2024-25 accounts. Rental income has been reclassified and professional fees reallocated. This has reduced pe-tax profit from £1.1m to £1.02m.

Unigel Ltd has sold its stake in Unigel Group (UNX) at 90.6p/share. This reduces chief executive Eric Chhoa’s stake to 44.4%.

Hydrogen Future Industries has changed its name to energy B (NRGB).

AIM

Retailer Mothercare (MTC) has breached its financial covenant on its £8m debt facility, so it is repayable on demand. The lender has not demanded repayment. Mothercare says the trustee of its group pension fund has agreed to defer pension contributions for the rest of the financial year to March 2026. This takes the total deferred payment for this year to £3m. Payments will be resumed on 19 April at a level to be decided.

Wines retailer Virgin Wines (VINO) reported full year figures in line with expectations and the increased spending on marketing is showing signs of paying off. Revenues were flat at £59m and the pe-tax profit declined from £1.7m to £1.6m. However, customer retention is improving and there was a 29% increase in customer acquisition in the first quarter as the marketing spending starts to pay off. Commercial and Warehouse Wines sales are growing strongly. The additional investment in growing the business means that Virgin Wines will fall into loss on higher revenues this year before returning to profit next year.

Staffing company Empresaria (EMR) is no longer in an offer period following the announcement that Legacy Holdings does not intend to make an offer of 62p/share due to the changes in the board. The new board will conduct a review of operations, and it believes that Empresaria has the management teams to unlock untapped potential, particularly when there is a recovery in staffing markets. There will be an initial focus on efficiency and costs.

Wellnex Life (WNX) chief executive Zack Bozinovski has stepped down from the board, but he will remain with the company for six months. A repayment structure for his loan of A$2.3m will be agreed so he is repaid by the time he leaves. Executive chairman Ash Vesali, who joined the company in September, will oversee day-to-day operations while a new chief executive is identified. This follows the reporting of first quarter revenues of $5.4m. There was a drop in IP licensing revenues compared with the previous quarter. Delayed revenues should be received in the coming months. Additional debt of A$5.35m was secured and A$4.1m was drawn down. Cost saving is being pursued, and the company is exiting medicinal cannabis. Pain Away and contract manufacturing will be the focus.

Advanced coatings provider Hardide (HDD) had a strong fourth quarter that enabled it to move into profit. In the year to September 2025, revenues rose by around one-quarter to £6m, which is higher than forecast. Aerospace revenues are building up. Cavendish expects the pre-tax profit to improve from £100,000 this year to £700,000 this year. There is spare capacity to grow into.

Connection systems for automotive glazing and batteries supplier Strip Tinning Group (STG) has received the purchase order for the D phase of the Zoox Robotaxi project and this will be delivered over the next six months. Despite tough trading conditions, due to tariffs and supply restrictions management is confident of achieving market expectations. A £269,000 R&D tax credit has been received.

Lung imaging technology developer Polarean Imaging (POLX) is undertaking a strategic review of the business. This includes whether to stay on AIM, where liquidity has been poor. The cost base is also being assessed. Leaving AIM could help to reduce costs and could make it easier to generate additional funding.

Modular housing company Eco Buildings Group (ECOB) has secured a contract worth €420m over seven years to supply 20,000 homes in Chile. The first 1,214 homes have been funded with a 50% deposit of £12.75m. It has taken more than two years to go through the approval process in Chile and win the order.

Metals One (MET1) and Thor Energy (THR) have signed a binding agreement with DISA Technologies to treat uranium waste dumps in Colorado held by their joint venture. This includes a gross revenue sharing agreement for the uranium and other critical minerals produced. DISA has received its US Nuclear Regulatory Commission Service Providers License. Metals One owns 75% of the subsidiary holding rights to the uranium and minerals in the dumps with Thor Energy owning the other 25%. The subsidiary will receive between 2.5% to 4% of gross sale revenues. Metals One also says that first production at the Chilalo graphite project in Tanzania, where it has a minority stake, is being accelerated to October 2027.

Arc Minerals (ARCM) has ended its joint venture with Anglo American, which is merging with Teck, in Zambia. This covered the Domes region, which is an area where there have been recent copper discoveries. No drilling has taken place this year despite plans for significant spending on exploration. Arc Minerals is also involved in legal disputes in Zambia. There could be other large miners interested in the Domes licences if those disputes are sorted out.

Bars operator The Revel Collective (TRC) is conducting a strategic review, which includes a formal sales process. Cost savings have not offset the £4mm of additional annual costs from National Insurance and duty rises. First quarter like-for-like revenues were 7.4% lower. Net debt was £25.3m at the end of September 2025. Additional funding will be required to stay within banking limits.

Restaurants operator Various Eateries (VARE) expects full year revenues to be £52.4m, which was ahead of expectations. Pre-tax loss will be reduced from £3.6m to £2.9m after the absorption of higher labour costs. Like-for-like sales were 4% higher in the fourth quarter. Zeus has reduced its forecast 2025-26 loss from £4m to £2.5m on revenues of £56.6m. The cash in the bank is being spent on new openings.

Strategic Minerals (SML) generated third quarter revenues of $1.08m from the Cobre magnetite project in the US. This covers corporate overheads and provides funding for the Redmoor tungsten project in the UK.

Three directors are stepping down at syngas technology developer Eqtec (EQT) and James Parsons has been appointed chief executive. Operations have been streamlined and annualised savings will be €1.5m. Rebel Ion is progressing with the acquisition of the company’s secured debt. However, it has suspended subscriptions for shares worth up to £1.5m under an agreement in June with £250,000 already subscribed. Eqtec’s broker Global Investment Strategy UK is providing a £1.5m convertible loan facility with an immediate draw down of £300,000.

Oil and gas producer Prospex Energy (PXEN) says production at the Viura-18 well has reached 180,000 cubic metres/day since production restarted. Prospex Energy owns 7.24% of the Viura field. The company is progressing with its application for two licences in Poland.

MAIN MARKET

Seraphim Space Investment Trust (SSIT) is showing signs of the benefits of past investments as income from the defence sector is flowing through to space businesses. For the first time the value of the portfolio is significantly above the cost. It was 104.7% of cost at the end of June 2024 and this has increased to 131.9% in the latest figures. The NAV has increased from £228.1m to £281.1m at the end of June 2025, which is equivalent to 118.52p/share. That includes £21.5m of cash. The NAV would have been higher without currency movements.

Packaging manufacturer and distributor Macfarlane Group (MACF) has warned that a fatality at its recently acquired Pitreavie business has led to suspension of production. The authorities are investigating. There has also been weaker demand for the packaging distribution business, where second half sales are likely to be flat.

Online travel hostel agency Hostelworld (HSW) is buying OccasionGenius Inc for $12m. The acquired business provides catalogues of events and things to do in various locations with added content.

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