Proactive Investors - Run By Investors For Investors

Parallel Media and Physiomics lead small cap market gainers

Some of the biggest risers and fallers in London on Wednesday
Stock gainers
Physiomics shares were up another 90% today, while Parallel Media was 95% higher

3:30pm: Parallel Media and Physiomics lead small cap market gainers

Physiomics was up 90% changing hands at 8.2p - marking a near 800% gain for the week, meanwhile Parallel Media was 95% higher at 45.5p - the two top small cap gainers.

In the blue chip market, London’s international earning blue-chips were softer as a result of the pound moving higher on Brexit divorce bill chatter. Imperial Brands Plc (LON:IMB) fell 3% to 3,044p, while British American Tobacco plc (LON:BATS) was down 2% at 4,863p, and GlaxoSmithKline plc (LON:GSK) shed 1.6% to trade at 1,314p.

Consumer goods group Unilever plc (LON:ULVR) declined 1.6% at 4,261p, and Reckitt Benckiser Group Plc (LON:RB. reduced 1.6% to 6,533, and alcohol and spirits firm Diageo plc (LON:DGE) slipped 1.6% to 2,607p.

1:45pm: Physiomics shares keep rising, now up 800%

After Tuesday’s stellar performance, there was still more to come from Physiomics Plc (LON:PYC) which gained another 102% to 8.6p - now up nearly 800% since the start of the week.

For those that need reminding, the company yesterday inked a formal services deal with US drugs major Merck, solidifying the value potential in its ‘virtual tumour’ technology.

Elsewhere,  Kimberly Enterprises NV (LON:KBE) doubled in value on the release of its third quarter trading update, detailing its financial position and its ongoing negotiations in Belgrade.

11:45am: Clarkson shares hit by cyber security breach

Clarkson PLC (LON:CKN) shares backed off around 2% after it reported a ‘cyber security incident’ which it said may result in data being released later today.

But generic drug group N4 Pharma Plc (LON:N4P) gained 5.7% to 8.32p as it not so subtly indicated where its growth plans lay, as it welcomed the UK regulator's approval of Viagra sildenafil for ‘over the counter’ sales in the UK.

“The establishment of an OTC market for sildenafil in the UK will bring many opportunities for reformulated products as has happened in other OTC sectors,” said Nigel Theobold, N4 chief executive.

“If this OTC status is widely supported by pharmacists in the UK, our 50mg reformulation of sildenafil will also be able to apply for OTC status.”

11:00am: Parallel Media soars on reboot, ECSC sees relief rally

On AIM, Parallel Media Group PLC (LON:PMG) shares soared 35p or 153%, changing hands at 58.88p, after unveiling a new acquisition and relaunch as ‘BRICKLIVE’ – a media and live entertainment business – alongside a new equity placing (priced at 30p) and debt conversion.

ECSC Group PLC (LON:ECSC) shares were up 21% to 139.9p after the cyber security firm said it was now trading in line with expectations, thanks to a cost reduction programme and the landing of two new contracts.

Oxford Pharmascience Group PLC (LON:OXP) gained 7.4% to 1.45p on the news that the US Food and Drugs Administration (FDA) has provided advice regarding the group’s OXPzero product and its future development.

Eve Sleep PLC (LON:EVE) advanced nearly 10% to 97.89p following an update which highlighted that  ‘strong trading momentum’ continued into the second half of the year.

10:00am: Cineworld Group shares adjust for Regal deal, Rolet exit dents LSE

Cineworld Group PLC (LON:CINE) was down 105p or 15%, to trade at 589p, as the market adjusted for the newly unveiled US$3.6bn cash deal to acquire American cinema peer Regal Entertainment Group (NYSE:RGC).

The London Stock Exchange PLC (LON:LSE) was also among the notable early movers, losing 74p and 2% to 3,726p after Xavier Rolet quit his position as chief executive.

Elsewhere, Stagecoach Group PLC (LON:SGC) shot up around 5% to 167.7p as a new ‘strategic vision’ for UK rail was unveiled, meanwhile, FirstGroup PLC (LON:FGP) edged 0.6% higher to 107.26p.

Pennon Group PLC (LON:PNN) moved up 2.6% to 815.5p as first half profit dividend increased alongside profits.

Equipment hire firm HSS Hire Group PLC (LON:HSS) rose 4.46% to 29.25p on its interim results, while Tullow Oil PLC (LON:TLW) shares were up 0.6% after it refinanced a US$2.5bn loan tied to its crude oil reserves.

Proactive news headlines:

Tertiary Minerals PLC (LON:TYM) has given a major boost to its three fluorspar projects through a strategic tie-up with global commodities group Possehl. Germany-based, Possehl is part of Cremer, a commodities business with annual turnover of more than €3bn.

Challenger Acquisitions Ltd (LON:CHAL) remains tremendously confident that stalled construction of the New York Wheel will recommence in the short-term.

Futura Medical PLC (LON:FUM) said it has begun recruitment for a pharmacokinetic study of its lead product, MED2002, which is a prelude to starting Phase III trials of the breakthrough gel for erectile dysfunction. Data from 40 men will determine the doses used in the final-stage clinical assessment MED2002, which will kick off as “soon as practicable” after the current programme.

Asiamet Resources Limited (LON:ARS,CVE:ARS) said its confidence in the BKM copper project in Indonesia has been boosted by the latest drilling results.

Bushveld Minerals Limited (LON:BMN) hailed the timing of its acquisition of South African vanadium miner Vametco. “The timing of the completion could not have been better, occurring during a time of significant increases in the vanadium price contributing to a marked improvement in Vametco's profitability and cash generation,” said Fortune Mojapelo, chief executive.

Ortac Resources Ltd (LON:OTC) said it had intercepted more gold from two holes drilled at the Akyanga gold deposit, part of the Casa Gold Project, in the Democratic Republic of the Congo. MSDD0115 was the stand-out: it found the yellow metal at decent grades from 98.4 metres and then from 110.6 metres. There was an 8.7-metre section at 3.9 grams per tonne, including 2.8 metres at 10.62 grams. This was followed by a thicker section – 27.5 metres at 2.86 grams.

Strategic Minerals PLC (LON:SML) said it has been informed that its managing director, John Peters acquired a total of 500,000 ordinary shares in the company at a price of 1.8915p per share on 28 November 2017. Following this acquisition, Peters has a beneficial interest in 20,500,000 ordinary shares, representing a 1.55% holding in the company's issued share capital.

Highlands Natural Resources PLC (LON:HNR) announced that Melvyn Davies, the company's Finance Director, today exercised 100,000 warrants at a price of 10p per warrant. Following the warrant exercise, it said Davies' interest in Highlands' ordinary shares has increased from 200,000 to 300,000 ordinary shares, or 0.26% of the company's total voting rights.

Eco (Atlantic) Oil & Gas Ltd. (LON:ECO) (TSX-V:EOG) has announced the appointment of Keith Hill as a non-executive director of the company with immediate effect, following the subscription and strategic alliance agreement with Africa Oil Corp, announced on 13 November.

Capital Networks has issued a research report on staffing firm Robert Walters PLC (LON:RWA) examining some of the drivers which underpin its “sustained organic growth trend”. Analyst Ed Stacey concluded: “We believe that the growth dynamics which have driven the share price in recent years will continue over the coming years.”

Capital Networks has issued a research report on Empresaria Group PLC (LON:EMR) following the support services firm’s recent trading update. Analyst Ed Stacey concluded: “Looking at the 5 year share price chart, there have been two big dips – H2 2014, and H1 2016. These proved to be good buying opportunities, and we argue that the current share price weakness should encourage investors to take a closer look at Empresaria.”

Capital Networks has issued a research report on Gamma Communications PLC (LON:GAMMA) with analyst Ed Stacey noting that the shares currently trade on an EV/EBITDA multiple of 11 times 2018 estimates. He argues that this is an attractive valuation, given the company’s “unique market position and strong growth trajectory”.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use