Cordiant Digital Infrastructure Ltd (LSE:CORD) has been upgraded to a 'buy' at Jefferies, which sees syndication of its stakes in CRA and Emitel as having clear benefits in terms of portfolio diversification and current values.
“Optically cheap valuation multiples, coupled with a heavy 46% share price discount to NAV, also provide investors with an attractive margin of safety, and so we upgrade,” says the US bank.
Plexus Holdings PLC (AIM:POS) was on a rip Monday afternoon following some top news emerging from its wellhead rental business.
The group has secured a £175,000 rental contract award to supply SLB’s range of ‘Exact’ adjustable wellhead systems and ‘Centric’ mudline suspension equipment to Neptune Energy UK.
Cavendish analysts have reacted positively to 88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF)’s statement published on Monday unveiling some 250 million barrels of contingent oil equivalent resources in the BFF reservoir at its Hickory-1 project area.
The independently certified contingent resource assessment, prepared by US-based independent consultancy Netherland, Sewell & Associates (NSAI), said it comprises 136 million barrels of recoverable hydrocarbon liquids (oil and natural gas liquids) plus 628 billion cubic feet of recoverable gas.
Mosman Oil and Gas Ltd (AIM:MSMN) reported production for the three months to the end of September 2023, with net output totalling 3,564 barrels oil equivalent.
It marks a reduction from 5,937 barrels in the prior quarter amidst operations to install a pump at the Stanley-5 and lower rates from the Cinnabar-1 well.
Plexus Holdings PLC (AIM:POS) has secured a £175,000 rental contract award to supply SLB’s range of ‘Exact’ adjustable wellhead systems and ‘Centric’ mudline suspension equipment to Neptune Energy UK.
The supply of this equipment will allow for the permanent abandonment of a UK North Sea well, with operations planned for commencement and completion during the second quarter of 2024.
Building on the very promising data from the early-stage trial, Faron Pharmaceuticals Limited (AIM:FARN, OTC:FPHAF) has launched the phase II evaluation of BEXMAB focusing on people with myelodysplastic syndromes (MDS) resistant to standard treatments.
MDS is a group of bone marrow disorders that result in an inability to produce enough healthy blood cells.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said developing its growth portfolio will be a focus in the coming year following the early progress at Paterson South, part of its joint venture with Rio Tinto.
Shaun Day, managing director, added that it was “well-positioned to make the most of all value generative opportunities” following the strategic cornerstone investment from Wyloo of £33.5 million and other funding.
NetScientific PLC (AIM:NSCI)’s portfolio company Ventive has successfully secured more than £900,000 in new investment, comprising £316,000 from existing shareholders and £600,000 from the conversion of existing convertible loans.
Proceeds of the investment will support the completion of the design and test phase and factory build for Ventive's modular heat pumps, further enhancements to its passive air ventilation product range, and build-up of its marketing and sales capacity to drive sales of its existing product range.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has outlined some 250 million barrels of contingent oil equivalent resources in the BFF reservoir at the Hickory-1 project area.
The company, in a statement, said it comprises 136 million barrels of recoverable hydrocarbon liquids (oil and natural gas liquids) plus 628 billion cubic feet of recoverable gas.
Roquefort Therapeutics PLC (LSE:ROQ, OTCQB:ROQAF) said it has reached a pivotal point in its cancer treatment research with its mesodermal killer (MK) cell programme showing significant promise.
MK cells have a dual attack strategy against cancer: They destroy cancer cells and boost natural killer (NK) cells, enhancing the body's own cancer defences.
Cellular Goods PLC (LSE:CBX)’s Nourishing Face Oil is now available in French multinational Sephora’s Beauty Box subscription service in the UK for the first time.
Beauty Box delivers five premium beauty product samples to your doorstep monthly, for a starting price of £11.99.
Powerhouse Energy Group PLC (AIM:PHE) said the grant of its European patent application has been stayed due to a claim made in the UK against the company by GetGo Recycling.
In these circumstances, Powerhouse said it had been advised that the 'stay' attached to a granted patent would be removed if the claim is dismissed.