MrC's Smallcap Sweeps for Jun 2023

[MrContrarian]

Smallcap Sweep. 02-Jun-23
A fork in the road or a knife in the back?

PayPoint (PAY) guides FY-Mar at the top end of market expectations, excluding exceptionals and Appreciate Group impacts since acquisition. [SP=377.5 Cap=274m]
Revolution Beauty (REVB) H1-Aug (!) postax loss £13.4m which apparently is a 54% growth from a bigger loss. Guides FY-Feb low single digit rev growth. This Q1 rev in line. Guides FY24 high single digit rev growth, and adj EBITDA (at const FX) high single digit £m. Still suspended. [SP=8.25 Cap=26m]
Anpario (ANP) £9m tender offer at 225p, a 16% premium. [SP=194 Cap=47m]
Pelatro (PTRO) wins $650k PA. No duration stated. [SP=6 Cap=3m]
Proton Motor Power Systems (PPS) order for a containerised fuel cell power plant with a power output of up to 240 kW. Delivery in 2024. [SP=9.87 Cap=153m]

In line: GTLY
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 05-Jun-23
Will Tristel clean up at last?

Tristel (TSTL) FDA approves sale of ULT as a high level disinfectant. Will launch in Oct. [SP=363 Cap=172m]
BATM Advanced Communications (BVC) 5 yr contract from a leading provider of emergency connectivity services in North America. No $$$. [SP=23.9 Cap=104m]
Watkin Jones (WJG) £155m forward sale of Loft Lines, Titanic Quarter, payable over the course of the development. [SP=68.15 Cap=175m]
Deepverge (DVRG) cash-strapped calamity cost cutting. Possible delay to FY22 results due to change of auditor in March. Seeking financing and also potential sale of one or more lines of its business. £2.3m 4 yr contract for subsidiary Glanaco. Down 98% in 2 yrs. [SP=0.54 Cap=4m]
Diaceutics (DXRX) $10.1m 3 year enterprise contract with top 10 global pharma company. Options to significantly increase the scope and value. [SP=80.5 Cap=68m]
Avacta (AVCT) second milestone equity payment has been triggered resulting in an increase in Avacta's shareholding in AffyXell Therapeutics. [SP=108 Cap=297m]
LifeSafe (LIFS) Jan-Apr rev £2.1m, 15% higher than internal budgets. [SP=37 Cap=8m]
Hunting (HTG) 10-year Strategic Alliance Agreement with with Zhejiang Jiuli Hi-Tech Metals for corrosion resistant alloys for Oil Country Tubular Goods, carbon capture and geothermal applications. [SP=222 Cap=366m]
Vianet (VNET) has received the £925k tax refund. [SP=73.55 Cap=22m]

In line: BBB
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 06-Jun-23
A punch in the mouth to wake you up

Gfinity (GFIN) eats humble pie and closes the much hyped esports division "as the market for esports remains soft and the directors see limited profitable growth opportunities". Sells majority held Athlos (esports technology platform) for £1. Athlos has absorbed £1.5m of cash. Co will "focus on digital media and its significant position in the Gamer website industry". [SP=0.14 Cap=2m]
Barkby (BARK) £4.25m+ 5 yr order for subsidiary Cambridge Sleep Sciences. [SP=3.3 Cap=5m]
FireAngel Safety Technology (FA.) £6.1m placing (with warrants) and £6.1m open offer at 5.05p, a 21% discount. CEO scrapers. He is thanked. [SP=6.88 Cap=12m]
Hellenic Dynamics (HELD) minor progress update. [SP=0.16 Cap=20m]
Woodbois (WBI) cash crisis update - agrees the terminated bank debt repayment by Dec. Co "also working on the potential deferment of c.$1.5m of debts, which fall due at the end of June. Whilst the Directors are confident that the Company will obtain alternative funding in the coming weeks, should they fail to do so, the Company may be reliant on the deferment of these near-term creditors in order to continue to trade". [SP=0.42 Cap=11m]
Ondo InsurTech (ONDO) results of Portsmouth Water LeakBot pilot. Use of the LeakBot has resulted in a 60% reduction in the number of leaks. Portsmouth Water is considering a wider rollout to reduce in-home consumption. [SP=22.5 Cap=17m]
Croma Security Solutions (CSSG) sells Vigilant Security for £6.5m plus inter-company balances of £1.07m. Vigilant generated c. 29% of EBITDA in last half. Co will ocus on its higher margin Croma Locksmiths and Croma Security Systems businesses. [SP=46.15 Cap=7m]
Ethernity Networks (ENET) secures supply of critical components required for contracts signed for the current year. Guides FY rev $3.3m. [SP=2.79 Cap=4m]
XLMedia (XLM) sells domain and website, MoneyUnder30, for $675k. Completes the disposal of the Group's entire Personal Finance asset portfolio, in line with plan to exit non-core activities. [SP=8.85 Cap=23m]

In line: TPFG, BILN
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 07-Jun-23
Contains a brain of truth

NIOX (NIOX) 2.5p special div. Co expects to pay further dividends from ongoing cash flow. [SP=62.4 Cap=265m]
RUA Life Sciences (RUA) guides FY-Mar rev £2.2m up 34%. Pretax loss c.£2.3 to 2.4m, similar to FY22. Cash at hand £1.5m [SP=39.7 Cap=9m]
DX (DX.) full and final settlement with Tuffnells Parcels Express Limited in relation to its claim against the Company. Terms are confidential. No impact on expectations. [SP=25.5 Cap=154m]
Hostmore (MORE) AGM stmt - recent 22 weeks rev (adj for adjusted for VAT changes) broadly consistent with the first 16 weeks of FY. TGI Fridays Guest Opinion Score improved to 83 in June from a dismal 74 in Dec. [SP=21.8 Cap=27m]
First Property (FPO) to make commercial property loans up to £20m. "With interest rates increasing and banks retreating from the commercial property lending market, the returns available in making relatively safe loans are potentially more attractive than investing in the underlying property." [SP=27.3 Cap=30m]
The City Pub Group (CPC) AGM stmt - trading continues to be strong with recent 22 weeks rec yp 20% and LFL up 13%. Costs in line but starting to fall. [SP=98.5 Cap=101m]
Argo Blockchain (ARB) mined 16% more Bitcoins in May than Apr. Has sold 33 Bitcoins. Maybe it should pivot to making bargepoles. [SP=9 Cap=55m]
Concurrent Technologies (CNC) adds distributor for UK and USA, and additional territories. [SP=68.97 Cap=51m]
PCI-PAL (PCIP) re patent dispute with its competitor, Sycurio (was Semafone). "Sycurio's US lawyers confirmed that Sycurio had illegitimately shared confidential information with Sycurio personnel." PCI Pal's confidential information "may" have been used at board level. [SP=55.48 Cap=37m]

In line: UPGS
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 08-Jun-23
Breezing through the baloney

Galliford Try (GFRD) agrees settlement in long-standing dispute concerning three contracts with entities owned by infrastructure fund. Co will get £26m and expects a non-cash write-off of c£3m. 12p special div. May be additional one. [SP=185.4 Cap=197m]
Altitude (ALT) expects FY-Mar at least in line with market expectations with rev up c.49%+ and adj EBITDA c.74%+. Current trading has continued to be strong and is tracking significantly ahead of FY23. [SP=40.37 Cap=29m]
Quadrise (QED) Joint Development Agreement with renewable biofuels specialists, BTG Bioliquids to use the latter's fast pyrolysis bio-oil as a potential cost-effective renewable source of fuel in Quadrise's bioMSAR™ solution. [SP=1.04 Cap=15m]
Sabien Technology (SNT) its its M2G business (CO2 mitigation devices for commercial boilers) performing ahead of expectations. Continuing strong order flow into the traditionally slower summer period. [SP=13.16 Cap=3m]
Shearwater (SWG) guides FY-Mar rev c.£27m down 25% and adj EBITDA around breakeven (£4.4m). In line? This FY sees improving market conditions. [SP=56.3 Cap=13m]
Sopheon (SPE) AGM stmt - ARR up 18%. Full year revenue visibility $31m ($28m). Sales pipeline that includes major extensions with existing customers, alongside new prospects. [SP=590 Cap=66m]
ValiRx (VAL) the proposed global sub-license of VAL201 (see March RNS) now excludes Greater China region from exclusivity. [SP=9.1 Cap=9m]
Camellia (CAM) AGM stmt guides FY23 adj pretax down due to significant continuing pressure on macadamia prices. [SP=6050 Cap=167m]
Smoove (SMV) strategic (natch') agreement with Mortgage Advice Bureau to provide conveyancing comparison and related home-buying support services. [SP=42 Cap=24m]
RUA Life Sciences (RUA) Vascular and Structural Heart Businesses moved to stand alone subsidiaries. Co "will recover the costs attributable to each of the vascular graft and heart valve projects since 2018" with a one off trading profit of c,£7.5m [SP=44 Cap=9m]
Hargreaves Services (HSP) guides FY-May at least in line with market expectations. Cites "strong performance from the Services business as a result of increased revenue including that at HS2, as well as a better than expected contribution from the German JV." [SP=411.92 Cap=134m]

In line: CHH, IDOX
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 12-Jun-23
No warnings? What's going on?

AO world (AO.) strategic partnership with Frasers Group which takes 19% holding. "Frasers will benefit from AO's valuable know-how in electricals and two-man delivery, helping us to drive growth in our bulk equipment and homeware ranges. In turn, AO will have the opportunity to benefit from Frasers' expertise and ecosystem." [SP=69.15 Cap=401m]
Ocean Wilsons (OCN) negotiating the sale of its 57% owned subsidiary, Wilson Sons as part of a a strategic review of its holding. [SP=837.1 Cap=290m]
Learning Technologies (LTG) AGM stmt - "In a challenging macro environment we continue to see moderate business momentum". In line? [SP=101.01 Cap=799m]
Rurelec (RUR) disposal of Rurelec's Argentinean Interests complete. 0.2p special div. [SP=0.54 Cap=3m]
Cizzle Biotechnolog (CIZ) £350k placing at 2.1p, a 12% discount, to keep the lights on. [SP=2.41 Cap=8m]
Gulf Marine Services (GMS) two contract extensions, reflects continued highly favourable market conditions. [SP=5.36 Cap=52m]
Cordel (CRDL) Wave 32 Mobile Laser Scanning system approved by Network Rail. [SP=5.6 Cap=12m]
Futura Medical (FUM) over the counter sale sales approved in USA for MED3000 gel. Insert your innuendo here. [SP=43.4 Cap=124m]
Capital (CAPD) wins $30m PA contract with a term of up to 5 years. Co increases its revolving credit facility from $25m to $50m. [SP=94.26 Cap=186m]
Concurrent Technologies (CNC) £1.25m contract to supply a custom set of embedded systems for a national defence installation. Half of the total revenue expected to be recognised in 2023. [SP=68.75 Cap=50m]
Guild Esports (GILD) technical partnership agreement with Fanatec, a leading provider of simulated racing equipment.Guild will provide Fanatec with prominent branding around the simulator facility. [SP=0.71 Cap=4m]

In line: STAF
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 13-Jun-23
Rubbing sleep from the eyes of opportunity

Cambridge Cognition (COG) £2m contract for a 'pivotal' cancer therapy trial. [SP=99.7 Cap=35m]
Pennant (PEN) wins A$6.4m of contracts, 5 yr terms. Two smaller contracts. [SP=35.22 Cap=13m]
Windar Photonics (WPHO) FY-Dec. Going concern: board 'convinced' co will have has sufficient cash flow for FY23. "However, as the Company foresee and plan for substantial growth in both 2023 and 2024 the cash flow projections rely on the precise execution of logistical plans within the entire supply chain." So how convinced is the board? Outlook: H1 production capacity was fully booked booked at start of yr, focused on increasing capacity by at least 100% to be implemented mid-year 2023. [SP=22 Cap=15m]
Roquefort Therapeutics (ROQ) positive results from in vitro studies for its anti-cancer mRNA therapeutic in breast and liver cancer. [SP=6.42 Cap=8m]

In line: IOM
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 14-Jun-23
The portfolio rodeo

Robert Walters (RWA) guides FY-Dec23 profit significantly lower than market expectations. Recent 2 months' net fee income down 10%. "Reduced levels of candidate confidence and lengthening time to hire were signalled in the second half of 2022 and, contrary to the Board's prior expectations, are not yet showing sustained improvement." [SP=466 Cap=348m]
Motorpoint (MOTO) FY-Mar. Outlook - expects conditions to remain challenging, tempered growth expectations and will limit investments to those that offer the best near term returns. [SP=NA Cap=NA]
Plant Health Care (PHC) distribution agreement with Wilbur-Ellis Agribusiness, one of the largest US retailers of agricultural products. Will bring OBRONA to the US. [SP=9.2 Cap=29m]
Frontier Developments (FDEV) guides FY-May in line. Guides FY24 in line. The review of Foundry (third party) games label concludes - will stop adding titles. [SP=578.98 Cap=229m]
James Fisher and Sons (FSJ) Jan-May trading slightly ahead of mgmt expectations but guides FY unchanged. [SP=401.03 Cap=202m]
Iofina (IOF) IO#9 IOsorb plant is operational. [SP=34 Cap=65m]
M&C Saatchi (SAA) AGM stmt - the challenging trading environment has continued. Guides small decline in like-for-like net revenue but still confident of pretax growth. Pretax significantly H2 weighted. [SP=169.75 Cap=208m]
IXICO (IXI) £2m 4 yr contract for the extension study of a Huntington's disease study. [SP=18.01 Cap=9m]

In line: BBSN
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 15-Jun-23
Warpaint bringing in the smackers

Warpaint London (W7L) guides FY-Dec significantly ahead of mgmt expectations. [SP=233 Cap=179m]
AMTE Power (AMTE) cash strapped battery tech co must get finance withing 4 weeks. Active discussions are ongoing. [SP=51 Cap=19m]
ASOS (ASC) guides FY23 in line. Long section on recovery plan. [SP=327.37 Cap=390m]
Slingsby (SLNG) AGM stmt - market remains competitive, outlook cautious. Increased level of overheads likely to persist for the remainder of the year. [SP=345 Cap=3m]
Parity (PTY) AGM stmt - OK apart from permanent recruitment service - uncertainty in the economy challenging. [SP=5.1 Cap=5m]

In line: BWNG, OGN
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 16-Jun-23
The emperor's new curated zero-carbon cutting-edge apparel

ValiRx (VAL) evaluation agreement with Hokkaido University will now cease. "The profile of the product has been found to be unsuitable for further development at this stage." [SP=9.17 Cap=9m]
Sealand Capital Galaxy (SCGL) unsuspended as it had published its FY acccounts. But that was on 6 June. Why the delay? [SP=0.14 Cap=1m]
Mears (MER) guides FY-Dec profit materially ahead of market expectations. [SP=262.18 Cap=289m]
genedrive (GDR) multi-partner grant awarded for the validation of its CYP2C19 ID Kit in time critical NHS settings. [SP=17.4 Cap=17m]
OnTheMarket (OTMP) launches Your Property Services, "a sales and lettings data nurturing service to help estate agents generate additional revenue and win more instructions through valuations." Nurturing? What guff! [SP=62 Cap=48m]
GSTechnologies (GST) FCA has not yet reached a decision regarding Regulatory Sandbox application for stablecoin. Other divisions in line. [SP=1.2 Cap=21m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 19-Jun-23
The spitting image

Abingdon Health (ABDX) launches of Salistick lateral flow saliva pregnancy test with Superdrug. [SP=14.5 Cap=18m]
Ocean Harvest Technology (OHT) good results from feed trials of animal feed supplements from seaweed. [SP=14.26 Cap=18m]
BiVictriX Therapeutics (BVX) positive interim data in second preclinical efficacy study of cancer therapy. [SP=13.95 Cap=9m]
1Spatial (SPA) wins first two contracts (of 3 months) for its newly launched Traffic Management Plan Automation solution. [SP=48.73 Cap=54m]
Avacta (AVCT) re speculation regarding a possible fundraising - no fundraising is imminent. Cash at hand £27m. [SP=99 Cap=273m]

In line: SNX, PPHC, FDBK, MMAG
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 20-Jun-23
Concrete growth elusive at SOM

Nanoco (NANO) intends return 10-12p early 2024 using the second tranche of the proceeds of the Samsung litigation. Plans to keep c. £20m "to invest in R&D and commercial activities, a proactive IP licensing programme, payment of debt obligations, and to provide working capital". [SP=19.1 Cap=62m]
Somero (SOM) warns FY23 rev c.120m, down 10%. F/C was $132.1m. Blames interest rate, tighter lending, construction permitting delays and delay to full production of S-22EZ. [SP=330 Cap=184m]
Revolution Beauty (REVB) gets no substantive response to claims against former CEO, Adam Minto. [SP=8.25 Cap=26m]
Proton Motor Power Systems (PPS) shareholder Falih Nahab's loan facility hiked €14.5m. Also all interest accrued to be paid via shares. Co "does not currently expect to generate net free cash by that time and therefore may require additional funding." [SP=9.13 Cap=142m]
Guild Esports (GILD) £622k placing at 0.6p, a 7% discount. to keep to keep the lights on. [SP=0.65 Cap=3m]
Esken (ESKN) sells investment in Mersey Bioenergy for £9m. Investment was written down to zero. [SP=3.7 Cap=37m]

In line: LORD, SAGA, OPG
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 21-Jun-23
They're talkin' bout a revolution

Revolution Beauty (REVB) says BooHoo's AGM requisitions to remove execs are "value-destructive, opportunistic and self-serving". Manoeuvres to postpone AGM so holders have time to think about it properly ie get some propaganda from the board sent to them. [SP=8.25 Cap=26m]
Hydrogen Utopia International (HUI) plans to buy substantial minority stake in Carbon Capture and Sequestration Limited. There is a related-party transaction in the works involving a cannabis company. That smells a bit. [SP=5.95 Cap=23m]
SIMEC Atlantis Energy (SAE) AOE17 debenture holders agree to extend maturity by a year but rate hiked to 10% PA. [SP=0.99 Cap=7m]
SkinBioTherapeutics (SBTX) AxisBiotix-Ps receives health authority approval for launch in Italy, the second European country. [SP=12.7 Cap=22m]
Touchstar (TST) will start divs, will be announced in Sept. £300k buy-back. [SP=104.5 Cap=9m]
Cerillion (CER) wins six-year contract worth a total of £15m. [SP=1470 Cap=433m]
SRT Marine Systems (SRT) existing Coast Guard customer to place follow-on contract worth c.£10m. [SP=60.54 Cap=110m]
Haydale Graphene Industries (HAYD) guides FY-June rev ahead of market expectations of £4.1m despite a number of projects expected to start during June slipping. LBITDA miss. Cutting costs. Directors "expect the commercial momentum from this Year to continue during the Year Ending 30 June 2024 although anticipates a slower than anticipated revenue build than previously signalled." [SP=1 Cap=8m]
i-Nexus (INX) to issue £0.5m of convertibles (10p strike) and extend 2020 and 2021 convertibles. [SP=3.5 Cap=1m]

In line: HSS
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 22-Jun-23
Keying executive vehicles

eEnergy (EAAS) changes FY end from June to Dec because "revenues are weighted towards the middle of the calendar year". A week before the FY end! Nothing to see here. [SP=4.53 Cap=16m]
Westminster (WSG) plans cost cutting. [SP=1.75 Cap=6m]
Good Energy (GOOD) AGM stmt - "the business has performed more strongly than planned in the first five months". Leaves FY expectatipns unchanged. [SP=174.8 Cap=29m]
Robinson (RBN) AGM stmt - first 5 months rev down 2%, volume 11% down. 4% is due to a major UK customer experiencing a supply chain issue. Profits are substantially down. Cost cutting. Nevertheless expects adjusted operating profit in line. [SP=106.3 Cap=18m]
DG Innovate (DGI) £517k placing at 0.05p, a 23% discount, to fund the Company's ongoing commercialisation strategy for its Enhanced Drive Technology and Enhanced Battery Technology. [SP=0.07 Cap=6m]
Access Intelligence (ACC) guides H1 rev down 0.3%. Adjusted EBITDA £2m+. Guides H2 adjusted EBITDA and cash generation in line. [SP=70 Cap=89m]
Biome Technologies (BIOM) £542k contract win for Stanelco RF Technologies. [SP=125.05 Cap=5m]
Litigation Capital Management (LIT) full resolution of direct balance sheet investment. A$8.6m profit. A partial award was announced in Feb. [SP=85 Cap=101m]
Volex (VLX) £60m placing and retail offer to fund €178m (max) acquisition of Murat Ticaret, a leading manufacturer of complex wire harnesses. Expected to be mid-teens earnings enhancing in the first full year of ownership. Also FY-Apr small beat. Outlook confident. [SP=286 Cap=455m]
MSI (MSI) FY-Apr. "Recently received encouraging confirmation that matters have been resolved relating to the delayed significant contract caused by the continuing war in Europe. We expect to receive payment shortly and then the equipment can be delivered." Final div 13p (7.5p). [SP=624 Cap=103m]

In line: NCC, SDG, FUM, SDY
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 23-Jun-23
Bonfire of the inanities

Audioboom (BOOM) guides FY revenue and adj EBITDA lower than expected. Blames continued weakness in ad mkt. Co expects to return to meaningful growth in Q3. [SP=284.5 Cap=47m]
Revolution Beauty (REVB) Q3 rev up 60%. EBITDA at constant currency £3.5m (£7.4m loss). Tells boohoo where to stick its lipstick, again. [SP=8.25 Cap=26m]
Hotel Chocolat (HOTC) warns FY23 small pretax loss despite rev in line. Cost cuts slower than expected. Also guides FY24 rev and underlying pretax miss "due to ongoing weakness in consumer sentiment and continuing inflationary pressures". [SP=139 Cap=191m]
SRT Marine Systems (SRT) to the surprise on no-one. a £4m placing at 50p, a 14% discount, for working capital and extra jam. [SP=58 Cap=105m]
Guild Esports (GILD) one-year partnership deal with Secretlab which will provide the Sky Guild Gaming Centre with its top-of-the-range gaming chairs. What's a gaming chair? It's an office chair with a list of bollox features like 'magnetic memory foam' and 'class 4 hydraulics' and '4D armrests'. That's right, the armrests are hyperspace objects! [SP=0.69 Cap=4m]
Carclo (CAR) amends interest cover and net leverage covenants to June 2025. [SP=13.65 Cap=10m]
Capital (CAPD) execs to sell 2.6% of co at 98.5p (4% discount) via a placing. [SP=102.18 Cap=198m]
Non-Standard Finance (NSF) d4f and delisting. Nothing for shareholders. [SP=0.2 Cap=1m]

In line: FTC
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 27-Jun-23
The Muppet Show

Unbound (UBG) ends formal sale process - no acceptable offers. Still trying to sell main op subsidiary but may result in little or nothing for holders, Also looking at placing of £1.5-2m to support implementation of a formal restructuring plan. Trading continue to be impacted by lack of cash. Profitability in line. [SP=2.5 Cap=2m]
Bango (BGO) 3 yr $8m loan at 6% with warrants at 202p. [SP=187 Cap=144m]
Arecor Therapeutics (AREC) granted key patents in EU and China. Protects its Arestat technology and innovative insulin products. [SP=244 Cap=75m]
Surgical Innovations (SUN) AGM stmt - "orderbook is extremely positive, providing confidence in management forecasts for 2023". [SP=2.01 Cap=19m]
Surface Transforms (SCE) AGM stmt- Q1 production probs have not recurred, but still getting "individually small production disruptions that have slowed the ramp up in output". Nevertheless reiterates guidance for 2023 and 2024. [SP=31 Cap=75m]

In line: IHC
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 28-Jun-23
One Thousand and One Fights

Revolution Beauty (REVB) unsuspended. Boohoo attack's board conduct at and after AGM at which 3 dirs removed. Remaining dir then re-appointed them. [SP=8.25 Cap=26m]
Lok'nStore (LOK) guides store revenue up c.10.5% in H2. In line? [SP=797.9 Cap=240m]
Nanoco (NANO) GM requisitioned to remove all directors. "The Requisition follows the receipt of two letters from Mr Hamoodi." [SP=19.1 Cap=62m]
Woodbois (WBI) bail-out £6m placing at 0.5p, a 16% discount, to replace $6m working capital facility was withdrawn by Sydbank. Also d4f and warrants. CEO going. [SP=0.6 Cap=15m]
Molecular Energies (MEN) proposes spin out and IPO its Green House Capital alternative energies division. [SP=127.36 Cap=13m]
NewRiver REIT (NRR) completion of the disposal of Retail Parks £62.6m. NRR owns half. [SP=89.3 Cap=277m]
hVIVO (HVO) developing a human metapneumovirus (hMPV) challenge model for a North American biopharmaceutical co. [SP=15 Cap=102m]
Location Sciences (LSAI) proposed RTO. Agreement to lend £2.6m (max) to Sorted Holdings. Also non-binding heads of terms to buy Sorted for £1 (sic); will assume approximately £4.0m of Sorted's outstanding debt. Shares suspended. [SP=0.13 Cap=4m]
ProCook (PROC) FY-Apr. Rev down 10%. Recent trading: LFL rev down 8%. "The outlook remains challenging and much is uncertain. " [SP=25.1 Cap=27m]

In line: AFRN, VTU
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[Whatsitworth]

Like an episode of EastEnders over at the REVB AGM. Stock price up 30% shut it u slag

[MrContrarian]

Smallcap Sweep. 29-Jun-23
Kicking sand in the face of failure

tinyBuild (TBLD) warns at AGM that FY23 rev materially below exp and and a more acute reduction in adj EBITDA in FY23 and 24. Cash end Dec guided $10-20m - previously at least $26.5m. Latter blamed on "significant increase in development cost amortisation and a slightly higher percentage of revenues paid out to developers". CFO leaves for personal reasons. Companies should not be sitting on material warnings until AGM day! [SP=34 Cap=69m]
Belluscura (BELL) premarket launch of its DISCOV-R portable oxygen concentrator. [SP=33 Cap=45m]
Cineworld (CINE) US court confirms amended joint chapter 11 plan. Nothing for holders. [SP=0.5 Cap=7m]
Ingenta (ING) wins £2m 5 yr contracts with implementation revenue due to commence in H2. [SP=93 Cap=14m]
DX (DX.) agrees with administrator of Tuffnells an initial licence-to-occupy 13 former Tuffnells sites and to pay £1m for the freehold of a further site. The initial licences are a precursor to entering into direct lease agreements. Has taken on over 550 customers so far. [SP=31.5 Cap=191m]
Time Finance (TIME) guides FY-May rev up 16%. In line? Own-Book lending origination up 14%. Pretax £4.1m (£1.1m). "Strong visibility of future earnings." [SP=26.7 Cap=25m]
Falanx Cyber Security (FCS) guides FY-Mar rev up c.9% organic. In line? Outlook - "healthy pipeline of business and has significantly lowered its operating cost base recently and expects to improve its financial performance in the next few months". [SP=20 Cap=1m]
Poolbeg Pharma (POLB) AI led programme identifies multiple influenza drug targets. [SP=8.5 Cap=43m]

In line: LST, ANP, LIKE, TND, DLAR
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian

[MrContrarian]

Smallcap Sweep. 30-Jun-23
Shitshape and balls-up fashion

Trackwise Designs (TWD) guides FY-Dec22 pretax loss £7.74m (£1.98m). It will miss end June accounts deadline so will be suspended on July 3. Blames "intense demands upon the entire management team in dealing both with the impact of the EV OEM dispute and working to secure new business". Cash is expected to extend at least into July. But that's next week! Expects to know if it gets supplier nomination for OEM B in the very immediate future and will then make decision on raising funds. [SP=NA Cap=NA]
World Chess (CHSS) €1.2m+ sponsorship by ITcom Domains. It will become the official sponsor of Armageddon, replacing the previous sponsor The Four Horsemen. [SP=8.15 Cap=64m]
Renalytix (RENX) FDA approves KidneyIntelX.dkd prognostic test to guide care management for adults with type 2 diabetes and early-stage chronic (diabetic) kidney disease. [SP=76.8 Cap=98m]
Streaks Gaming (STK) launches its second flagship product called "Streaks Social". It will "allow influencers to better connect and monetize (sic) their existing fans through the automatic creation of an AI Avatar". [SP=2.57 Cap=10m]
Kropz (KRPZ) will miss end June accounts deadline so will be suspended on July 3. Trading - sold 33k tonnes of phosphate concentrate in June. [SP=3.48 Cap=32m]
LoopUp (LOOP) gets FY-Dec accounts out. Extra £13.5m goodwill impairment compared to prelims. Bank facilities extended by a yeatr to Sep 24. [SP=2.08 Cap=4m]
TPXimpact (TPX) agrees reset of the covenant terms applicable to its £30m revolving credit facility with HSBC; "provides renewed stability". [SP=37.5 Cap=35m]
Revolution Beauty (REVB) gives boohoo the beautifully varnished finger again. [SP=27.5 Cap=85m]
Leeds Group (LDSG) discovers that stock at subsidiary (Hemmers-Itex Textil Import Export) at 31 May was overvalued by £408k. Blames a programming error. [SP=11 Cap=3m]
Seeing Machines (SEE) CEO gets 10m options and vesting of another 15m extended to 2026. Bemoans share price. [SP=5.45 Cap=226m]
Induction Healthcare (INHC) trading - sounds in line. Sells Switch, a directory app, for an undisclosed sum. Internal promotions to CEO and CFO. [SP=22.59 Cap=20m]
Costain (COST) new contribution plan to pension scheme cuts payments to £3.3m PA from £12m. [SP=45.3 Cap=125m]
Narf Industries (NARF) expects audit and unsuspension no later than 14 July. [SP=0.8 Cap=15m]
ITM Power (ITM) MEP30 electrolyser stack gets UKCA accreditation (UK version of CE mark). [SP=73.02 Cap=453m]
Quantum Blockchain Technologies (QBT) last-minute FY accounts out, avoiding suspension. [SP=1.63 Cap=17m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk

@MrContrarian