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Long wait to supply Airbus is over for Hardide

Some of the largest risers and fallers in London at 3.15pm

picture of iron ore mine
Hardide is already talking to potential customers

Surface coating technology firm Hardide Plc (LON:HDD) has finally become a supplier to airline maker Airbus Group .

The group’s main customers are in the hard hit oil and gas sector but since 2005 the company has been coating aerospace components and courting Airbus as a potential customer.

The final part of the approval process is complete, following technical qualification of the Hardide-A coating by Airbus as an alternative to hard chrome plating.

Shares rose 8% to 1p.

Security camera group Petards PLC has won a  a contract to supply Stadler Bussnang with its eyeTrain CCTV and Automatic Selective Door Opening systems.

The new contract, worth £4.3mln, will see CCTV and ASDO systems integrated into Stadler's FLIRT(UK) trains.

Shares rose 13% to 32.2p.

 

2pm...Bellzone heads higher as Guinea agrees to Kalia development

Bellzone Mining PLC (LON:BZM) jumped 50% as it reported the Guinea Minister of Mines and Geology had confirmed its agreement to development of the Kalia iron ore concession.

“The Minister's letter expresses his hope that Guinea and Bellzone will make their best efforts to reach a consensus on any consequential residual points so that a formal record of the agreement can be signed within one month,” said the company.

As a result of the progress, Bellzone has completed the final draw-down of US$0.5mln from the first loan facility of US$6.5mln agreed with Hudson Global.

Shares rose 32% to 0.31p.

Sabien Technology PLC (LON:SNT) slumped 56% as it warned the slow conversion rate of the pipeline to confirmed sales orders will mean its  trading performance for the financial year will be considerably below expectations.

A further fundraising today has raised £475,000 at 1p, and the share fell to 1.32p to reflect the substantial discount.

 

10.00am...Circle Holdings retreats from market's gaze as Tosca backs buy-out

Circle Holdings PLC (LON:CIRC) jumped 22% to 29.31p, as investment  group Tosacafund launched a bid to take it private at  30p per share.

Tosca, through three funds, already owns 26.75% and does not think that operating in the public listed markets is optimal for the private healthcare group ' in terms of the achievement of its business plan'.

Circle was the first private group to run a NHS hospital when it was put in charge of Hinchingbrooke Hospital in Huntingdon, but it walked away from the contract two years ago after heavy criticism saying that contract was no longer sustainable due to spending cuts.

China New Energy PLC  (LON:CNEL) stormed higher as it won contracts with Ghana’s Supercare and CNBM General Machinery in China to construct a new ethanol plant in Ghana.

The new cassava-to-ethanol plant will produce 45mln litres of ethanol per annum to be used primarily by the food industry.

CNE’s portion is US$12.5mln with the contract to start in May 2017 and commissioning for the first quarter of 2018.

Shares rose 30% to 1.52p.

Baron Oil PLC (LON:BOIL) has been repaid the final £200,000 owed to it by renewables group InfraStrata. Baron can receive an additional £200,000 if InfraStrata is taken over or sell sits assets. Shares rose 14% to 0.37p.

 

Proactive news headlines

The annual results statement from Faron Pharmaceuticals Ltd (LON:FARN) charted a period of progress and success with its main drug candidate. Traumakine, used to treat acute respiratory distress syndrome, is undergoing a phase III clinical trial with results expected in the second half.

Lucky Wingabar, mySQUAR Limited's (LON:MYSQ) casual gaming platform, has been officially launched with five casual games designed for short playing times.

Allergy vaccines specialist Allergy Therapeutics plc (LON:AGY) continued to gain market share in the second half of 2016 in a relatively flat European market.

Alliance Pharma plc (LON:APH) doubled sales and profits as its acqusition of a group of products from Sinclair Pharma started to generate major benefits.

Shares in Sabien Technology Group Plc (LON:SNT) lost more than half their value as the boiler optimisation firm issued shares at a deep discount.

 

 

 

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