Small Caps Round-Up
London & Associated Properties surges on upbeat outlook, Bisichi results
Shares in London & Associated Properties surged on Friday after the real estate group reported a return to profit in the first half, while the stock was boosted by its investment in South African coal miner Bisichi.
NewRiver REIT snaps up smaller peer Ellandi Management
NewRiver REIT, the retail-focused real estate investor, has announced it is spending up to £9m to acquire the assets of Ellandi Management, which manages shopping centres and regeneration projects.
Tasty shares tank as losses widen, but board confident in turnaround plan
Restaurant operator Tasty saw shares drop sharply on Friday after the Dim T and Wildwood owner reported a doubling of losses in 2023, but expressed its confidence in its turnaround after closing underperforming sites.
Seeing Machines to miss profit targets, but signs major new deal with Caterpillar
Seeing Machines, the AIM-listed group that designs tech to improve transport safety, has announced that profits will be lower than market expectations as it unveiled a new five-year license renewal with mining giant Caterpillar.
Andrada Mining shares drop on Q1 update
The market value of Andrada Mining sunk by more than a tenth on Friday after the Namibia-focused miner reported that plant outages kept a lid on tin processing rates in its first quarter, though the company said it was well placed to take advantage of the recent rise in tin prices.
Franchise Brands shares drop on 2024 outlook, CFO exit
Shares in Franchise Brands dropped sharply on Thursday despite the B2B van-based services group meeting expectations with its full-year results, as the company gave a cautious outlook for 2024 and announced the departure of its chief financial officer.
Time Out to beat profit forecasts after strong Q4
Shares in Time Out Group gained on Thursday morning after the media and hospitality company said full-year profits are expected to beat forecasts on the back of a strong fourth quarter.
Premier African Minerals bullish about Zulu project
Premier African Minerals shares rose strongly on Tuesday after the mining company expressed confidence in its Zulu lithium and tantalum project in Zimbabwe.
Serabi Gold on track to meet production guidance
Brazil-focused gold miner Serabi Gold has reiterated full-year production targets after an acceleration of activity at its Coringa project as the production ramp-up continues.
R&Q Insurance mulling liquidation to complete Accredited sale process
R&Q Insurance has said that it is considering a provisional liquidation as it pushes forward to complete a sale of its program management business, Accredited, to Onex Corporation – causing shares to plummet on Thursday.
Petards reports lower annual profits, cautious outlook
Security and surveillance systems group Petards reported a big drop in earnings for 2023 and gave a cautious outlook for the current year, causing shares to drop sharply on Thursday.
Anglo Asian Mining shares jump as Azerbaijan gov't green lights tailing dam build
Anglo Asian Mining's share price surged on Wednesday after the gold, copper and silver miner moved one step closer to starting construction on the final part of its tailings dam in Azerbaijan.
Equals Group shares drop as MDP backs out of takeover talks
The share price of payment platform developer Equals Group dived on Wednesday after potential buyer Madison Dearborn Partners (MDP) bowed out of drawn-out takeover talks that have been ongoing since November.
Corcel joint venture refused mining lease in Papua New Guinea
Shares in oil, gas and battery metals small cap Corcel tanked on Wednesday after the company announced that the Papua New Guinea government refused to grant a direct shipping ore mining lease for its part-owned Mambare nickel-cobalt project.
Scancell shares jump on new antibody agreement with major biotech firm
Scancell Holdings saw shares surge on Wednesday after the the AIM-listed oncology immunotherapies group announced an agreement with a "major international biotechnology company".
Arecor Therapeutics shares tank on funding update
The share price of AIM-listed Arecor Therapeutics dropped by almost a third on Monday after the biopharma firm warned that its working capital requirements had "accelerated" while full-year revenues remain highly uncertain.
N4 Pharma shares tank after £0.6m fundraise
Shares in small-cap pharma group N4 Pharma sank on Friday after the company announced a share placing and subscription to raise £630,000.
SRT Marine Systems hit by contract delays
Marine tech group SRT Marine Systems said it expects to make a loss for the year ending 30 June after longer-than-expected administration processes pushed certain contracts into the next financial year.
Safestay gives bright outlook as bookings surge
International hotels and hostels group Safestay saw losses widen in 2023 despite revenues rising by nearly a fifth, but gave an optimistic outlook with forward bookings up significantly so far this year.
Tungsten West CEO makes abrupt exit
Shares in tungsten and tin miner Tungsten West were volatile on Wednesday after the Hemerdon mine owner announced the abrupt exit of its chief executive officer.