News blog
Quoted Micro 9 June 2025
- BY: Andrew Hore |
- POSTED: 08/06/2025 |
AQUIS STOCK EXCHANGE
Smarter Web Company (LON: SWC) raised a further £13.4m at 81p/share. Andrew Webley bought 10,000 shares at 81p each, taking his stake to 14.6%. The Bitcoin purchasing continues and the total has increased to 122.76 Bitcoins at an average purchase price of £78,290 each.
Independent music management company All Things Considered (ATC) reported a jump in 2024 revenues from £24m to £50.9m. Acquisitions boosted the figure but there was organic growth. The live events business generated an initial £3.1m. The loss was reduced from £3m to £109,000. Net cash was £8.1m at the end of 2024. More recently there has been diversification into music rights ownership.
Valereum (VLRM) has signed a binding memorandum of understanding with Fideum, which will help to Valereum to implement SaaS services, and they will cross-sell to existing clients. The two companies will set up a joint pilot project in Turkey. Valereum has invested $2.5m in Blubird Global Inc, which operates a platform that administers more than $55bn of token assets. Valereum will have access to Blubird tools, and it will promote Valereum to selected customers. There is also potential for Valereum to offer the Blubird suite under its brand. There was £500,000 raised at 4p/share. Fortified Securities has been appointed company broker.
File Forge Technology has completed the reverse takeover of personal care products contract manufacturer Amirose London Holdings (ALH) and changed its name to that of the new business. Alfred Henry Corporate Finance is corporate adviser. The shares were suspended at 0.07p and 24 have been consolidated into one new share, so the equivalent price is 1.68p. The share price has increased 93.5% to 3.25p.
Time To ACT (TTA) says that the Offshore Renewable Energy Catapult innovation centre has completed a validation of GreenSpur’s axial flux generator platform. This shows a reduction in cost of energy and weight savings. The technology is suitable for industrial scale manufacturing. Jeremy Earnshaw has joined the board, and Andrew Hall has stepped down.
Hydrogen Future Industries (HFI) is granting HFI Energy an exclusive 10-year US territory licence in return for a fee of $2m, of which 50% will be spent on technology development of the wind turbine energy system. A manufacturing licence has been agreed in return for 20% of HFI Energy. There will be a royalty of 5% of net sales or 2.5% of net sales if the licensee has redesigned the product. HFI Energy, along with potential partners, is evaluating the construction of an up to 500MW clean energy park in Whitehall, Montana.
Ananda Developments (ANA) says lead development product MRX1, has achieved 24 months of stability data. The company’s Phase 1 pharmacokinetic (PK) study has been published on clinicaltrials.gov. This is required prior to clinical trials.
Vault Ventures (VULT) has revealed a strategic arrangement with CreatdStudio, which can offer studio access to investee companies.
Superseed Capital (WWW) maintained its NAV at 121p/share at the end of March 2025. There is continued strong investment activity, and the fund expect to make up six new investments this year.
Richmond Hill Resources (SHNJ) has agreed the sale of its spirits businesses for £10,000 and will seek shareholder approval.
S-Ventures (SVEN) shares returned from suspension following the sale of the trading businesses to AIM-quoted Tooru (TOO) in return for 466.7 million shares. The company has tax losses of £2.6m.
Coinsilium (COIN) has raised £750,000 from a retail offer at 6p/share. Subsidiary Forza Gibraltar has bought 3.6378 Bitcoins at an average price of £76,969.60 each. This takes the Bitcoin holding to 13.6399 Bitcoin.
Recycling company Majestic Corporation (MCJ) has raised £171,000 at 80p/share. Andrew Male has stepped down as a director. The 2024 accounts should be published by the end of June.
India-based Sachin Srinivas Sawrikar, designated partner of Artha Bharat Investment Managers, has taken a 4.25% stake in Invinity Energy Systems (IES). Ajan Reginald has a 21.2% stake in Cardiogeni (CGNI).
ASSET MATCH
Gulfsands Petroleum (GPX) reported a reduced 2024 loss of $2.86m, down from $5.94m. 2C Contingent resources are 108 million barrels of oil equivalent.
AIM
Predictive genetics company GENinCode (GENI) has started to generate revenues in the US, but the major growth came from the UK and the Europe. In 2024, revenues were one-quarter higher at £2.7m. Overheads were reduced. Following a de Novo submission for CARDIO inCode, the FDA has requested that deficiencies in relation to clinical validation be addressed, but management believes that US approval can be achieved. The timing is uncertain. Disruptions to staffing at the FDA under the new US government could delay matters. However, the current forecasts assume most of the growth in revenues to £4.3m in 2025 will continue to come from the UK and Europe. There is enough cash to take the company into the first quarter of 2026 and the company could be approaching breakeven by then.
Pawnbroker Ramsdens (RFX) continues to benefit from the high gold price and the strong interim results have led Panmure Gordon to raise its 2024-25 pre-tax profit forecast by 17% to £15.4m. Interim revenues were 18% ahead a £51.6m with precious metals sales 31% ahead. Retail jewellery sales were 18% higher. Underlying pre-tax profit jumped from £4m to £6.13m. The interim dividend is one-quarter higher at 4.5p/share and there is also a special dividend of 0.5p/share. Net cash was £7.4m at the end of March 2025.
Sports and fitness data analyser 4Global (4GBL) plans to leave AIM after less than four years on the market. It was unable to raise additional funding to finance its growth in North America. Leaving AIM would save £500,000 each year. There has been limited trading in the shares and the cancellation, which is dependent on shareholder approval, would be on 7 July. The December 2021 placing price was 91p.
Direct carrier billing and digital content technology services provider Bango (BGO) moved into profit in 2024. Revenues grew from $46.1m to $53.4m, while a loss of $5.7m was turned into a pre-tax profit of $4.8m. The Digital Vending Machine (DVM) technology, which enables bundling of subscription services, added nine licence customers in 2024 and a further five, so far this year. Annualised recurring revenues grew 59% to $14m, reflecting the DVM growth. Net debt was $1.8m at the end of 2024. New financing agreements provide the required capital for the investment in improving efficiency and growing the business. The payments business has been hit with high costs of sales routes and this year’s trading is currently below expectations, although that is low margin business. The growth of DVM is important to the fortunes of the company.
Scientific instruments producer SDI Group (SDI) is acquiring Severn Thermal Solutions for £4.75m. The business supplies high temperature furnace systems and environmental chambers for material processing and testing. This del should be immediately earnings enhancing. Cavendish upgraded its 2025-26 earnings by 4% to 7.1p/share.
In 2024, EMV Capital (EMVC) increased its core revenues from £1.4m to £2.5m following the acquisition of Martlet Capital. The underlying loss by the core investment business rose from £1.1m to £1.5m due to additional costs after the acquisition. The reported consolidated figures also include revenues from majority-owned investee companies, which are loss-making. Assets under management rose by one-third to £98.5m. There was £1m in cash at the end of 2024 and net assets were £14m.
Trellus Health (TRLS) reported an increased loss of $7.8m on minimal revenues in 2024. Net cash was $4.3m at the end of 2024 and this fell to $2.5m at the end of April 2025. More finance is required by October. The pilot with Johnson & Johnson covering Trellus Elevate for the support of individuals with IBD is ramping up. This should help to boost revenues. The clinical trials sector is another focus for developing income. So far this year, $340,000 in revenues have been generated.
Rail transport analytics provider Cordel (CRDL) has won a second major US Class 1 freight rail contract worth up to $7.5m. The five-year contract is for multiple LiDAR capture units and a Cordel Connect data platform. It also covers the new Positive Train Control asset management platform, which is about to be launched.
Totally (TLY) intends to appoint administrators.
MAIN MARKET
Seraphim Space Investment Trust (SSIT) has maintained its NAV in the third quarter. At the end of March 2025, NAV was 100.78p/share, compared with 101.04p/share at the end of December 2025. That includes £16.5m in cash. There was growth in the value of the portfolio, but it was offset by currency movements. Since March, £7.9m has been raised from the sale of 95% of the stake in AST SpaceMobile, one of the few quoted companies in the portfolio. The current cash balance is £22.6m. The UK defence review has been published and acknowledges need for changes in procurement and the importance of the type of smaller space-focused business that form part of the portfolio. Increased US defence spending will also be channelled to space projects, although there has been a short-term slowdown in procurement.
Motor dealer software provider Pinewood Technologies (PINE) intends to acquire Lithia’s majority stake in their North American joint venture for $76.5m. This will be financed by the issue of 14.56 million shares at 386.5p each. There is a related five- year contract to roll out Pinewood software to Lithia Motors dealerships in the US. Annualised revenues from Lithia Motors could reach $40m.
Associated British Engineering (ASBE) successfully asked the FCA for the restoration of its listing as a shell company.
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