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Risers and Fallers: 88 Energy, IQE, Motive Television, New Britain Palm Oil, Panmure Gordon, Vislink

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Below are some of the major news-driven share price changes, as at 3.30pm.

RISERS

Motive Television (LON:MTV), up 60.6%. The “TV on the move” specialist has extended early gains after launching a maritime bring your own device (BYOD) telly platform that will enable passengers on cruise ships to watch video-on-demand programmes and TV programmes. The platform could be extended to other nautical uses, such as for occupants of oil rigs.

88 energy (LON:88E), up 15.0%. The company, formerly known as Tangiers Petroleum, has posted an investors’ presentation on its web site, outlining the reasons for its change of focus from Tangiers and Morocco to Alaska.

New Britain Palm Oil (LON:NBPO), up 9.6%. Sime Darby Plantation has elected to exercise its right to compulsorily acquire all of the shares in New Britain it does not already own.

FALLERS

IQE (LON:IQE), down 6.6%. Full-year results underwhelmed. Profit before tax edged up to £5.24mln in 2014 from £5.19mln in 2013 on revenue that fell to £112.0mln from £126.8mln.

Panmure Gordon (LON:PMR), down 6.3%. An 84% increase in profit before tax to £2.15mln for 2014 was not enough to prevent selling activity. The company has started paying dividends for the first time since 2007.

Vislink (LON:VLK), down 5.6%. Profit before tax rose 73.5% to £5.37mln in 2014, but investors were unimpressed. Revenue crawled higher to £61.9mln from £59.9mln in 2013.

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Below are some of the news-driven major share price changes as at 1.15pm.

RISERS

Castle Street Investments (LON:CSI), up 14.1%. The company formerly known as Cupid was feeling the love from investors after its full-year results in which the investment company’s chairman, Bill Dobbie, revealed: “We are beginning to review selective opportunities that meet our investment criteria, and are considering a combination of cash returns and finding an attractive investment opportunity to propose to shareholders."

Roxi Petroleum (LON:RXP), up 11.3%. The Central Asian oil and gas company with a focus on Kazakhstan said options over 600,000 shares have been exercised, though it did not say at what price.

Rame Energy (LON:RAME), up 10.8%. Rame Energy has adjusted its US$69mln arrangement with Santander to build a string of new wind projects in Chile. The amount of capacity to be built has been increased by a net 15Mw to 133Mw to incorporate a new 24 Mw wind project, situated close to one of the existing planned developments and where it makes economic sense to have two plants.

FALLERS

Ncondezi Energy (LON:NCCL), down 32%. Brooks Macdonald Asset Management reduced its holding from 18.17mln shares to 14.9mln.

Leed Resources (LON:LDP), down 7.7%. Half-year results showed reduced losses of £100,000 versus £115,000 the year before.

Botswana Diamonds (LON:BOD), down 7.7%. The Botswana Government has awarded a new licence, PL 085/2015, to Atlas Minerals, a local subsidiary of Botswana Diamonds. It will be explored as part of the ongoing 50/50 exploration joint venture between Botswana Diamonds and Alrosa.

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The following are some of the notable major news-driven price changes as at 11.00am.

RISERS

Inspired Energy (LON:INSE), up 16.9%. Full-year results from the energy procurement consultant were a pleasant surprise, with record sales of £10.84mln in 2014 representing a 42% increase on 2013. The sales momentum has continued into the New Year, the company confirmed. Adjusted profit before tax jumped 31% to £4.27mln.

Augean (LON:AUG), up 14.9%. The share price of Augean is far from sable this morning, rising sharply on the back of a 22% increase in profit before tax in 2014 to £5.4mln. The waste management business has bumped up the divi by 43%.

Pinnacle Technology (LON:PINN), up 14.6%. The firm has signed a partnership agreement with mobile phones network operator O2, thus enabling it to provide O2's mobile, digital and accredited public sector solution services to Pinnacle's client base.

FALLERS

Gate Ventures (LON:GATE), down 11.5%. The investment company that has yet to make any investments celebrates its two week anniversary on AIM, during which time the shares have shot up from 10p to 138p. Profit takers appear to have moved in, however, with the cash shell’s market value sliding to £45.19mln; last Friday it revealed it had cash resources of around £3.1mln.

eServGlobal (LON:ESG), down 10.4%. Shareholders of the provider of end-to-end mobile financial services overwhelmingly voted against the remuneration report at today’s annual general meeting. There were 34.1mln proxy votes in favour of the report and 67.0mln against.

NCC Group (LON:NCC), down 7.7%. The digital security firm has made an agreed £55mln offer for Accumuli, to be paid for in a mixture of shares and cash.
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The following are some of the notable major news-driven price changes as at 9.30am

RISERS

Shares in digital music firm 7digital (LON:7DIG) went 5.61% higher to 14.125p as it unveiled a new three year contract with UK supermarket giant Sainsbury's (LON:SBRY).

No financial terms were disclosed but the firm, which also posted final results today, said it will provide a platform and content for the supermarket's online  entertainment offering and this will include access to 7digital's library of over 31 million tracks.

Motive TV (LON:MTV) shares edged 4.23% higher to 0.0185p as its new maritime service is now being rolled out for testing with ferry lines in Greece and Italy.

This initial test phase for the service, BYOD (or bring you own device) comes ahead of an expected commercial launch during April.

Stellar Diamonds (LON:STEL), up 2.63% to 0.975p as it generated revenues of US$417,000 from a diamonds sale in Antwerp that included the first stones from Baoulé in Guinea.

FALLERS

Plumbers merchants Wolseley (LON:WOS) shares dropped 2.83% to 4,091p despite it revealing a 12% increase in earnings in the first half.

Trading profit came in at £390 million, 12 % ahead of last year at constant FX rates, while revenue was 10.3% ahead of last year.

Ian Meakins, chief executive, said: "The group delivered a good trading performance and the ongoing trading margin improved by 20 basis points to 6.1 per cent. This was driven by the USA where all of our businesses strongly outperformed their markets and we achieved a record 7.9 per cent trading margin."

Shares in Scottish travel firm Minoan Group (LON:MIN) dropped around 10% to 11p after confirming it will issue new shares to pay creditors.

It is issuing 11.1mln new shares at a price of 8.5p each – today’s market price is 11p – to the lenders, as well as a further 100,775 shares at 5.5p for the exercise of options.

Centrica (LON:CNA) saw shares dropped 2.05% to 253p as  heavyweight broker Deutsche lowered the target on the stock  to 225p from 280p. It rates the shares a 'sell'.

It also follows news former boss Sam Laidlaw will take a role setting pay deals at banking behemoth HSBC (LON:HSBA) after a jobs shuffle.


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