AQUIS STOCK EXCHANGE
Energy B (NGRB) chairman David Lenigas bought 100,000 shares at 16p each and 50,000 shares at 25p each. Silvertree Partners will take over accounting and company secretary activities for the company.
Astrid Intelligence (ASTR), which is focused on the Bittensor decentralised AI ecosystem, says Zils will operate as the company’s Bittensor subnet, Subnet 127. Astrid Intelligence retains the SN127 owner key and will recognise the revenues and costs. It has sold 200,000 SN127 tokens for 400 TAO, taking the stake to 3,000 tokens.
Uranium explorer Reveille Resources (REV) shares have started trading on the OTCID Basic Market in the US under the symbol RVREF. Warrants have been exercised at 10p each and this has raised £260,000. Lieutenant General Andrew M. Rohling (Ret.), former Deputy Chair of the NATO Military Committee, has been appointed as a non-executive director.
Sulnox Group (SNOX) has issued 366,664 shares at 2p each to EPS Ventures Pte Ltd, which relates to the volume of Sulnox Eco used.
Ajax Resources (AJAX) has agreed a second extension to its option to acquire the Nueva Celti copper project in Spain until 30 November. A non-refundable option fee of $10,000 has been paid. The acquisition of a 74.79% interest in the Paguanta project has been completed.
Adsure Services (ADS) expects interim revenues to be 17% lower. A new tool for resource allocation being used by the audit and assurance services provider has taken longer than anticipated to be implemented. Improvements that will increase resource utilisation have been put into force. Corrective actions should improve trading in the second half, but not enough to make up for the first half shortfall. The interims will be published in December. Larissa Joy has been appointed chair.
Gledhow Investments (GDH) will become an origination and incubation platform for natural resources businesses. Penina Resources is the first vehicle and it is seeking a project before a UK flotation in the first half of 2027.
Ethtry (ETHY) has issued the vendors of Dunbar Energy with consideration shares that give certain Dunbar Energy vendors a 24.7% stake.
Stack BTC (STAK) has revised the terms of the acquisition of the Direct Bullion business. The total consideration is still £12m, but it will all be in shares issued at a minimum of 6p each with £7.6m payable on completion with the rest payable over two to five years. The deferred consideration depends on EBITDA of at least £2.5m in each year. Direct Bullion made a post-tax profit of £2.15m last year.
Sentry 7 (SVN) says Whitespace, its engineering partner, has entered a teaming agreement with PA Consulting for a co-deign and proof of value programme for the secure messaging platform for the regulated financial sector. This is intended to fight quantum computing attacks.
Time to ACT (TTA) subsidiary GreenSpur has signed a Memorandum of Understanding with Max Nicholas Renewables for the development of an integrated floating hydroelectric generation system for an inshore run-of-river application.
Tamar Minerals (TMR) has completed drilling at the Great Wheal Vor project in Cornwall. Initial assays are pending.
Marula Mining (MARU) says that the last three years of accounts for a subsidiary have finally been audited, but audits are ongoing for other South African operations.
ASSET MATCH
Isles of Scilly Steamship Group (IOS) has published its annual report. Revenues increased from £21.7m to £26.8m, while pre-tax profit edged up from £3.04m to £3.11m. Two new vessels will be in use at the start of the next season.
AIM
There was a strong full year performance from contract and permanent recruitment company Gattaca (GATC) with all divisions showing growth. The fastest growth was in the defence sector. In recent years the growth has come from the contract operations, but there are signs of improvement in permanent recruitment. Net fee income was 11% ahead at £41.5m with a contribution from cybersecurity-focused InfoSec. Cost savings and efficiencies helped underlying pre-tax profit jump from £3.3m to £6.1m. Net cash was £17.3m at the end of July 2026. The full year dividend is doubled at 6p/share.
Online wine retailer Naked Wines (WINE) has launched a tender offer of up to £5.7m at 80p/share. The final decision on the size of the tender at a general meeting on 8 December when there will be a better idea of pre-Christmas trading. The full £5.7m depends on trading being at least in line with the midpoint of the 2026-27 net cash expectation range of £34m to £42m. Interim figures will be published on 11 December. An entity associated with chair Jack Pailing bought 60,000 shares at 69.78p each.
Floorcoverings distributor Likewise (LIKE) growth in revenues accelerated in October and it is 22.8% for the year to date. This led to an upgrade in full year forecast pre-tax profit from £5m to £6m. The purchases from Headlam are being integrated and should enhance earnings next year and the pre-tax forecast has been upgraded from £6.4m to £8m. There could be scope for an even better outcome.
Audio and content creation equipment manufacturer Focusrite (TUNE) increased revenues by 3% to £90.3m and pre-tax profit improved from £8m to £9.8m. The balance sheet remains strong with net debt down to £1.5m. The content creation division revenues grew even though there was distributor destocking in the US after they were built up in the previous year – end sales to customers grew. A weak China market was partly responsible for a dip in audio reproduction revenues.
Online marketing services provider Dotdigital (DOTD) has broadened its range of services through recent acquisitions and investment. The benefits are starting to show through but there is more to come. The social media business Social Snowball grew strongly in its fits full year as part of the group, while Alia, which helps Shopify merchants capture data on leads enabling improved conversion rates, made an initial contribution. In the year to June 2026, revenues grew from £83.9m to £90.9m, while pre-tax profit improved from £19m to £20m. Revenues grew after shedding low margin business. Annualised recurring revenues are 18% ahead. The dividend was raised to 1.33p/share. Net cash was £18.8m at the end of June 2026, despite the money spent on Alia.
Foreign exchange services provider Finseta (FIN) has raised £1.57m at 6.12p/share with most of the cash coming from Homa Holdings, which is owned by Middle East investor Amir Mehrad and is investing in ordinary shares and zero coupon convertible loan notes that will convert to ordinary shares when FCA approval is gained. Homa’s stake will be 19.9%. Alongside the investment Homa will become an affiliate partner and introduce customers. Robert O’Brien is converting his loan notes at 6.1174p/share, taking his stake to 29.9%. This will reduce the interest charge.
Water and environmental testing technology provider Metir (MET) has raised £1.78m at 0.275p/share. Bob Moore has stepped down as chief executive and former Avacta boss Dr Alastair Smith will take over the role. The focus is growing revenue streams from its Microtox® and QuickChek® product ranges and improving margins.
Atome (LON: ATOM) continues discussions with the government and other interested partners in Paraguay following the presidential decree relating to the revoking of the fixed price power purchase agreement with power producer ANDE. This would mean that electricity tariffs for the Viletta fertiliser production project would not be fixed. If there is no agreement by 17 December, an arbitration claim can be submitted. Gross dollar damages could be in nine figures. If there is no resolution, then proposed funding and other contracts will be terminated.
Ukrainian dairy products producer Ukrproduct (UKR) says since the publication of interims the security environment in Ukraine has got worse with interruptions to energy supply. The company’s facilities have been hit by missiles. The company is operating under operational and financial constraints. A subsidiary is acquiring EBRD’s rights and interests in the facility provided to the group for €335,000 in cash. The deal has still to be completed and the board is assessing the accounting implications. There is likely to be an accounting gain, but this does not relate to a cash inflow.
Crown PropTech Acquisitions is about to send out a prospectus for the acquisition of assets – the Songwe Hill rare earths project in Malawi and the proposed Pulawy rare earths separation plant in Poland – from Mkango Magnetic Materials (MKA). An EGM is planned for 25 November. If shareholders approve the merger the combined group will be listed on Nasdaq.
Animal treatments supplier Eco Animal Health (EAH) reports that full year revenues will be lower than expected because of a fall in China pork prices reducing them by £12m. Improved gross margins and cost control mean that profit should be in line with expectations of £5.8m in the year to March 2027.
Builders’ merchant Lords Group Trading (LORD) has agreed revised terms for its bank facilities, but trading has been weak in the plumbing and heating division. Despite growth in the other operations, particularly online, the forecast 2026 loss has been raised from £700,000 to £1.8m and next year’s pre-tax profit recovery reduced from £2.5m to £1.2m.
Iron replacement treatment supplier Shield Therapeutics (STX) reported third quarter revenues of $11.5m, which is slightly lower than in the second quarter, although US sales of ACCRUFeR were 5% ahead. The selling price is recovering with prescription volumes flat. The cost of taking full commercial control in the US means that there will be a loss this year.
Anglesey Mining (AYM) has raised £1.25m at 4.5p/share, which was a large premium to the share price. This cash will accelerate development of the Parys Mountain, including a new drilling programme. There are also plans to extend the Northern Copper Zone and Garth Daniel Zone to the northeast and east. Tavira has been appointed as joint broker.
Image Scan (IGE) says indicated revenues were more than double last years at £3.4m and the x-ray imaging technology developer returned to profit. New products helped growth and the order book is worth £1.4m. Pre-tax profit of £300,000 is estimated for 2025-26.
Digital health company Medpal AI (MPAL) says weight management clinic New Health revenues in October were one-third higher than the previous month at £3.63m Group revenues rose from £3.2m to £4.1m month to month with the rest coming from the online pharmacy business. Annualised revenues are £49m.
Allergy treatments developer Allergy Therapeutics (AGY) says challenging market conditions and lack of liquidity make it difficult to raise money and therefore it has decided to ask shareholders to agree to the biotech company leaving AIM. Costs will be reduced. Two investors own 89% of the company, which limits liquidity. Allergy Therapeutics is still considering a listing in Hong Kong.
Roebuck Food Group (RFG) announced late on 30 October that it wanted to raise up to €10m in the end it raised €9m at 9p/share.
ATC Music Group (ATC) is having a strong second half year and there is a pipeline of confirmed activity in 2027.
Public Policy Holding (PPHC) is acquiring Reevemark, a New York communications firm focusing on high-stakes litigation, brand and reputational issues, for up to $80m. The initial payment is £28m. A new $105m senior secured credit facility with a US bank.
MAIN MARKET
ACG Metals (ACG) is acquiring Blue Moon Norway, which owns 94.52% of the construction stage Nussir copper mine, for $220m. There is still $126m to be spent on finishing the mine.
Atlas Metals Group (AMG) is not going ahead with the acquisition of Universal Pozzolanic Silica Alumina, which was announced in June 2025. It is currently assessing two potential acquisitions involving lithium and graphite assets in established mining jurisdictions in Africa and South America.
