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Risers & Fallers: Sula shines as new investor comes on board

Largest share price rises and falls in London at 3.30pm

picture of gold nuggets
Sula climbs as new partner comes on board

Largest share price rises and falls in London at 3.30pm

RISERS

Sula Iron and Gold PLC (LON:SULA) up 21% to 0.13p. Madini Occidental, a private, Seychelles-incorporated company, is owned by Madini Minerals and private high net worth investor Ian Schofield to inject US$400,000 for 26% stake.

Porta Communications PLC (LON:PTCM) up 11% to 3.45p. Investors reacted positively to the news that Steffan Williams, formerly the firm’s managing director, will step up to chief executive. His predecessor and Porta’s founder, David Wright, will become chairman as he takes over from Bob Morton, who is departing for health issues.

Coats Group PLC (LON:COA) up 9% to 37p. Told investors on Thursday that the “challenging market conditions” that hit second quarter sales have improved during the third quarter. As a result, the board now expects adjusted operating profits to be ahead of previous expectations.

 

FALLERS

Diamondcorp Plc (LON:DCP) down 42% to 1.7p. Ordered to shut down operations at its Lace mine in South Africa after a fire in a dump truck.

Kolar Gold Ltd (LON:KGLD) down 14% to 1.5p. Entered into a memorandum of understanding to establish a joint venture as it looks to develop gold assets in Finland.

N Brown Group PLC (LON:BWNG) down 7% to 188p. Customer numbers at the Jacamo and Simply Be owner fell in the first half of its financial year, while pre-tax profits also dipped slightly.

 


 

Largest share price rises and falls in London at 12.30pm


RISERS

RM2 International (LON:RM2) up 6% to 27.0p.  Company has won a contract from temperature-controlled warehouse and logistic group for its RM2 pallets and management of the pallet pool. Agreement will require 200,000 pallets.

Polo Resources Limited (LON:POL) up 4% to 5.95p. Investee company Hibiscus Petroleum has bought out Shell’s 50% stake in the North Sabah PSC in Malaysia for US$25mln.

WH Smith PLC (LON:SMWH) up 3%to 1,577p. Group pre-tax profit was up 8% to £131mln on total revenue up 3% at £1.2bn and by 1% like-for-like in its latest full year update.


FALLERS

Xcite Energy PLC (LON:XEL) down 8% to 1.67p. North Sea oil and gas company files wrong set articles of association that contain clauses that were not approved by shareholders at the AGM.

Leeds Group plc (LON:LDSG) down 4% to 36p. Sales below expectations due to warm weather throughout Europe says textile group. Sales at ChinohTex have also been held back by large scale factory closures around the Shanghai area ordered by the Chinese authorities.

 



Largest share price rises and falls in London at 9.00am

RISERS

Crimson Tide PLC (LON:TIDE) up 12% to 3.17p. Company has signed its most significant long term contract to date with a large UK retailer. Worth £1.7mln, its mpro5 service will be used to ensure store safety, cleanliness and security and follows a successful pilot.

Cloudbuy PLC (LON:CBUY) up 9% to 5.7p. Business-to-business (B2B) e-procurement group is to deliver a new online marketplace for FSB, the non-profit business services provider.

FALLERS

Goldstone Resources PLC (LON:GRL) down 15% to 1.92p. Junior gold explorer is facing claim from former director over termination of his employment. Sum would represent a significant proportion of company’s resources.

Anglo Asian Mining Plc (LON:AAZ) down 5% to 19.9p. Gold output in the period was 16,497 ounces compared to 19,375 ounces in the second quarter, while copper production came in at 485 tonnes, compared to 497 tonnes.

Scholium Group PLC (LON:SCHO) down 5% to 36p. Book sales have been hit by Brexit uncertainty but margins have been boosted by lower pound. Board anticipates a small loss for the first half but says activity has recovered.

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