The antenna manufacturer said for the three months ended March, profit before tax fell to US$166,000 from US$233,000 a year ago, while revenue fell to US$6.16mln from US$6.21mln.
OnTheMarket PLC’s (LON:OTMP) shares gained 5.3% to 158p after the firm revealed that, as of 11 May, it has signed listing agreements with UK estate and letting agents with more than 8,000 offices.
This is up by 2,500 branches - or more than 45% since floating on AIM on 9 February, when it had 5,500 branches signed up.
The US bank’s analysts raised their stance on the FTSE 250-listed engineering group to ‘buy’ from ‘neutral’ highlighting improving downstream activity in the oil & gas sector.
Nostra Terra Oil and Gas Company plc (LON:NTOG) shares fell 9.3% to 4.40p after the company said it has shut down operations at the C8 Well, having unexpectedly encountered a high pressure inflow of salt water.
The company said the inflow of salt water was at approximately 2,195 ft, several hundred feet above the main target reservoir. The C8 well was then shut in for safety reasons.
Shares in Cerillion PLC (LON:CER), the billing, charging and customer relationship management software solutions provider, fell 9% to 130.0p as the company reported a drop in profits, despite a rise in year-on-year-revenues.
The company said its profit before tax tumbled to £472,231 in the half-year to March 31, albeit after an exceptional charge of £161,661, from £725,161 in the corresponding period a year earlier.
Adjusted underlying earnings before interest, tax, depreciation and amortisation (EBITDA) edged up to £1.60mln from £1.50mln the year before on revenue that rose to £8.39mln from £7.54mln. Recurring revenue rose 15% year-on-year to £2.5mln and now accounts for around 30% of total revenue.
3pm: Regus offices owner IWG PLC shares soar as it expects a bidding war
The company said it is mulling over the cash bids, from private equity firms Lone Star, Starwood and TDR, respectively. No details of the offers were released.
Meanwhile Stratex International plc (LON:STI) shares increased 12% to 0.70p as the company said it received full repayment of the loan it made to Australian firm Crusader Resources LIMIted (ASX:CAS) (LON:CAS) last year.
In a statement, the AIM-listed gold exploration and development company-focused on Turkey and Africa- said that, consequently, it has received a total of around A$1.623mln (£885,068).
Touchstone Exploration Inc (LON:TXP) shares rose 7.14% to 15.00p as the company told investors that first quarter production averaged 1,543 barrels of oil per day, representing a 21% increase compared to the same period in 2017.
Output continued to ramp-up, with the rate rising to 1,669 bopd for the month of April and, currently, it measures around 1,772 bopd.
11.30am: Uvenco UK Plc shares tumble as gradual decline in revenue continues
Uvenco UK PLC (LON:UVEN) shares fell 50% to 1.25p as the company said it has experienced a continued gradual decline in revenues which, despite the implementation of a number of cost control measures, has resulted in negative cash flows.
The company said it is now in discussions with a third party that may lead to the sale of its trading subsidiaries, Uvenco Limited, the vending operator, and Snack in the Box Limited, the franchising operator.
Servoca said it will seek the approval of the shareholders during the general meeting on 11 June, and plans to cancel its shares on 18 June.
The company said that for the last 12 months, the performance of the company’s share price has been disappointing, and the strength of the company’s management team has not been adequately reflected.
The FTSE 250-listed firm said it is in active discussions with other parties on the future series of the show.
9.10am: Hardide PLC shares rise as it delivers ‘strong’ first-half results, confident for second-half
Hardide PLC (LON:HDD) shares jumped 9.6% to 2.0p in early morning trading as the surface coating technology firm delivered ‘strong’ first-half results and is confident of the outlook for the second half.
For the six months ended 31 March 2018, the company saw its revenue increase by 43% to £2.16mln, up from £1.5mln a year earlier, while its gross profit rose 67% to £1.15mln from £0.69mln.
Hardide said a recovery in demand from the oil and gas sector has been maintained with sales from this sector rising by 54% compared with the first half of 2017.
Harvest Minerals (LON:HMI) shares soared 28.9% to 21.75p as the company said it has been informed by the Ministry of Agriculture in Brazil that it has conditionally approved the company's application to register KPfértil as a remineraliser, pending the submission of additional materials which has now been done.
The AIM-listed natural fertiliser producer said it has been advised that the submitted materials will be reviewed expeditiously, with final approval from MAPA expected this quarter.
HemoGenyx Phatmaceuticals PLC (LON:HEMO) shares rose 12.4% to 4.30p as it signed a deal with an unnamed global pharma company to help develop its CDX antibodies – the company’s flagship treatment for blood cancer.
It is hoped these antibodies will eliminate the need for chemotherapy and radiotherapy by killing only “unwanted” cells and allowing more people who would otherwise be deemed unfit enough to receive a bone marrow transplant.
The antibodies are currently in pre-clinical trials with a Phase I study pencilled in for early next year.
Proactive news headlines:
Harvest Minerals Limited (LON:HMI) said it has been informed by the Ministry of Agriculture in Brazil that it has conditionally approved the company's application to register KPfértil as a remineraliser, pending the submission of additional materials.
Trinidad focused Touchstone Exploration Inc (LON:TXP) told investors that first quarter production averaged 1,543 barrels of oil per day, representing a 21% increase compared to the same period in 2017. Output continued to ramp-up, with the rate rising to 1,669 bopd for the month of April and, currently, it measures around 1,772 bopd.
U.S. Oil & Gas PLC (USOIL), in a statement after Friday’s market close, told investors that the Eblana-3 well has now been drilled and the initial results are described as “highly encouraging”. The company said the well was drilled down to a depth of 8,200 feet.
SkinBioTherapeutics PLC (LON:SBTX) has filed a patent application for a potential treatment that could help skin conditions such as eczema. The AIM-listed skin health company said the application covered the use of its SkinBiotix technology for increasing filaggrin levels in the skin
United Oil & Gas PLC (LON:UOG) has confirmed the completion of a 3D seismic exploration programme at the Tullow Oil operated Walton-Morant licence offshore Jamaica. The survey captured data over 2,250 square kilometres, of the large 32,065 licence area, and it included the Colibri target, which was estimated at some 200mln barrels.
Directa Plus PLC (LON:DCTA) is to add its graphene enhancement G+ to the range of jeans made by Arvind, one of India’s top textile groups. Arvind makes six million pairs of jeans every year using 100mln metres of fabric for household name brands such as Levi’s, Tommy Hilfilger, Wrangler and Gant and has established a reputation for innovation.
Hay fever vaccine specialist Allergy Therapeutics PLC (LON:AGY) has published new data highlighting the effectiveness of its technology as an adjuvant compared to existing treatment. An adjuvant stimulates the body’s immune response to an antigen and helps it react quicker to the threat.
Eckoh PLC (LON:ECK), secure payment products and customer contact solutions provider, saw growth in revenues, margin and profit in the financial year just ended. In a trading statement covering the year to the end of March, the company said trading had been in line with market expectations.
ANGLE PLC (LON:AGL) has announced the appointment of leading NHS prostate cancer surgeon Greg Shaw as a scientific advisor to the company. The AIM-listed firm said joining its already established Scientific Advisory Board, Greg Shaw brings significant additional prostate cancer and UK NHS clinical experience.
StatPro Group PLC (LON:SOG) announced a top 10 global fund administrator is to migrate from StatPro Seven to the cloud-based StatPro Revolution. The conversion and extension contract is worth at least US$500,000 a year.
Shefa Yamim ATM (LON:SEFA) has completed a bulk sampling campaign at the Kishon Mid-Reach Zone 1. The Northern Israel-focused precious stones explorer said the latest samples, BS-1228 and BS-1208, marked the end of a 14-sample bulk programme at the area, totalling 249 tonnes and 123 tonnes of basal gravel respectively.
Caledonia Mining Corporation PLC (LON:CMCL) told investor that first quarter production, at 12,924 ounces of gold, was marginally higher than the same period of last year. A better gold price and better export terms, meanwhile, sees adjusted earnings some 51% higher year-on-year at 40.1 cents per share.
Savannah Resources PLC (LON:SAV) shares edged higher on Monday after the resource development company took a step closer to obtaining mining licences for its two high-grade copper deposits in Oman. The AIM-quoted firm received letters of approval from all eight government ministries for the Maqail South and Mahab 4 licence applications.
Circle Property PLC (LON:CRC) has agreed a new 15-year lease with BE Offices at its recently completed Somerset House redevelopment on Temple Street in Birmingham city centre. The AIM-listed firm said the agreement follows the recent letting of both ground floor restaurant units and means the property is now at 100% occupancy, five months after the redevelopment completed.
Berkeley Energia Limited has appointed Sean Wade as its chief commercial officer, responsible for identifying and leading strategic business development opportunities for the mining company. The AIM-listed firm said Wade is an experienced corporate executive with a background in mining and emerging markets.
Mirada PLC (LON:MIRA) said it is sad to announce the sudden death of Javier Casanueva, the company's non-executive chairman, on Saturday 12 May. The group said a board meeting has been convened for early this week to appoint an interim chairman.
Base Resources Limited (LON:BSE) (ASX:BSE) advised that between 9 May 2018 and 11 May 2018 Diane Radley, a non-executive director of the company, acquired on market 500,000 ordinary shares in the group for a consideration of A$0.25 per share. Following the acquisition, Radley holds 500,000 Base Resources ordinary shares in total, which are held indirectly by Skabenga Investments.