Proactive Spotlight:
The investment Collagen Solutions PLC (LON:COS) made in the commercial team is “showing results”, according to the company’s chief executive Jamal Rushdy.
His comments were made in a trading update which revealed business generated revenues and other income of £4.1mln in the year ended March, of which £3.95mln was trading revenue. That represented growth of 26%.
WATCH: "We're pleased" and "on track", says Collagen boss
CLICK HERE: For a daily round-up of all the Proactive news
Higher volumes from key customers and strong demand for pericardium tissue were behind the surge.
Its beefed up sales team has delivered nine new supply, development and distribution agreements, including the recently-announced Smart Matrix deal, adding future recurring revenues.
"We are on track with the commercial plans for our core business,” said CEO Rushdy.
Other Proactive news stories:
Sound Energy PLC (LON:SOU) has expanded its relationship with the oil services giant Schlumberger. The deal will see the AIM-listed gas exploration and development group receive a free carry on a US$27mln geophysical programme.
Europa Oil & Gas (Holdings) Plc (LON:EOG) has confirmed it is part of a ‘multi-client’ project offshore Ireland which was announced yesterday by oil and gas services group TGS.
Tullow Oil plc (LON:TLW) told investors it has received acceptances for just over 95% of the new shares available in its £607mln (US$790mln) rights issue. Existing shareholders have accepted their rights to some 444.9mln new shares, each priced at 130p.
Vast Resources PLC (LON:VAST) revealed gold and silver test production has commenced ahead of schedule at its Manaila polymetallic mine in Romania. The company said initial commissioning of the Knelson Concentrator to extract the free gold and silver commenced today.
Northern Petroleum Plc (LON:NOP) says 2016 was a 'pivotal year' for the AIM-listed oiler, in which it saw revenues climb and losses narrow. Pre-tax losses for the 12 months to end December were reduced to US$2.5mln (2015: US$10.7mln) on revenues, which were US$3.6mln (2015: US$0.3mln).
WATCH: "A very good year under difficult circumstances" says Northern Petroleum boss
Fuel cell specialist AFC Energy plc’s (LON:AFC) collaboration with Italian industrial technology firm De Nora has moved into a second phase following the completion of the first. The two now expect to finalise the design of a commercial fuel cell electrode and stack during the current year.
88 Energy Ltd (LON:88E, ASX:88E) has kicked off the hotly anticipated Icewine-2 drilling programme which aims to confirm the commercial potential of the HRZ shale discovery in Alaska. The Arctic Fox rig started drilling Icewine-2 last night, at 19:15 local time in Alaska.
MaxCyte Inc (LON:MXCT) has published positive pre-clinical study results from its gene editing technology in the treatment of sickle cell disease (SCD). The data was presented Tuesday 25 April to the American Society of Gene and Cell Therapy Annual Meeting (ASGCT).
Tekcapital PLC’s (LON:TEK) medtech subsidiary Belluscura has strengthened its drug research capabilities with the acquisition of Nanotether Discovery Science for £265,000.
It was a “steady Eddie” start for Eddie Stobart Logistics PLC (LON:ESL) on its first day of trading on AIM. The supply chain and logistics organisation, in which Stobart Group Limited (LON:STOB) had a 49% stake prior to flotation, listed on Aim at 160p. In lunchtime trading the shares were being quoted at 160/161p, giving a mid-market price of 160.5p.
Ahead of the launch of its LPLDL cholesterol-reducing strain next month, OptiBiotix Health plc (LON:OPTI) has sold a batch of capsules to a German distributor.
Minds + Machines Group Ltd (LON:MMX), the owner and operator of internet TLDs, confirmed in its 2016 results the favourable trends flagged in its March update, and highlighted the continuing strong demand for new TLDs – the bit of an internet address after the final dot – across the globe.
Clinigen Group PLC (LON:CLIN) and French group Onxeo have teamed up to make T-cell treatment belinostat (Beleodaq) available in Europe on a managed access basis.
WATCH: Partnership 'demonstrates why we're the market leader', says Clinigen boss
Patagonia Gold plc (LON:PGD) is selling its long-standing Cap Oeste Sur Este gold project in Argentina to a subsidiary of Pan American Silver (NASDAQ:PAAS)(TSE:PAAS) for US$15 million, of which US$7.5 million is deferred, plus a 1.5% net smelter returns royalty.
Industrial Internet of Things (IoT) enabler Telit Communications Plc (LON:TCM) remains on track to deliver double-digit percentage revenue growth this year.
Peter Tom, chairman of Breedon Group PLC (LON:BREE), was set to tell shareholders today trading this year has been in line with expectations. In a statement released ahead of the construction materials group’s annual general meeting on Tuesday, Tom said the outlook for Breedon’s industry remains positive.
Horizonte Minerals Plc (LON: HZM, TSE: HZM) has been awarded three new mineral exploration concession areas adjacent to the Araguaia North deposits which form part its 100% owned Araguaia nickel project in Brazil.
SDX Energy Inc (LON:SDX, CVE:SDX) has told investors it remains on track to drill new wells in Morocco later this year, as it has secured extensions to its exploration permits.
WATCH: Zak Mir on SDX Energy
Premier Oil PLC (LON:PMO) has told investors that it has now secured ‘lock in’ arrangements with more than three quarters of holders of its US$345mln convertible bonds.
Magnolia Petroleum PLC (LON:MAGP) is to participate in a further 16 wells onshore US, with the company carried on a number at no cost. The wells are located in the in the SCOOP and STACK plays in Oklahoma.
Trinity Exploration & Production Inc’s (LON:TRIN) is looking to boost production after its financial overhaul at start of the year. Daily production was 2,542 bopd (2,896 bopd) in 2016 at an average realised price of US$39.4/bbl (US$45.4/bbl).
Tethyan Resources PLC (LON:TETH) has commenced summer drilling on its Rudinitza porphyry project in South West Serbia.