WYG PLC (LON:WYG) expects to come on strong in the second of its current fiscal year, but admitted that a slower-than-expected start to a couple of big contracts picked up earlier this year will hamper near-term performance. Even with a “more pronounced second half weighting”, WYG said the expected first-half shortfall in performance meant it would be lowering its full-year guidance.
CentralNic Group PLC (LON:CNIC) headed higher on Friday morning after the internet domain names specialist announced the €26mln acquisition of Slovakian counterpart SK-NIC and confirmed it is on track to hit full-year expectations.
Be Heard Group PLC (LON:BHRD), the digital marketing services group, has changed the terms of the earn-out deal agreed as part of the acquisition of the user experience business MMT. The company said the new deal will benefit both sides of the transaction.
ITM Power plc (LON:ITM) is seeing significant commercial traction for its energy storage and clean fuel technology with a pipeline totalling £35.5mln, £17.8mln of which is under contract. The update was provided as ITM delivered results for the 12 months to April 30.
Digital media specialist Falcon Media House PLC (LON:FAL) said it bought for £8 and then cancelled the founder share in the business owned GSC SICAV. The share allowed its owner the right to appoint and remove directors from the business, providing a layer of protection that is now not required.
SDX Energy PLC (LON:SDX) revealed a first half boosted by the acquisition of the Circle Oil assets with net revenues transformed. The company, in results for the six months ended June 30, reported revenue of US$18mln compared with US$4.6mln in the same period of 2016.
Eco Atlantic Oil & Gas Ltd (LON:ECO, CVE:EOG) chief executive Gil Holzman has told investors that the explorer has started to look for new opportunities. Holzman, in the explorer’s first quarter results, highlighted the company has been able to engage in seeking new potential assets and explore new transactions due to its strong balance sheet.
W Resources PLC (LON:WRES) said today that, having completed the Financial Investment Decision(FID) report on the development of its La Parrilla project in Spain, the group has increased the size of its targeted debt financing, which it now expects may be completed early in the fourth quarter of 2017.
Metal Tiger PLC (LON:MTR) saw its shares rise after the natural resources investor gave a bulllish assessment of its Thai mining project, saying its direct benefit to the country’s economy is US$287.4mln. In a statement today, the AIM-listed firm said a final revised economic contribution assessment was carried out by Five Corners Consulting for the assets in its Kemco joint venture for the Song-Toh and Boh-Yai silver-lead-zinc mines in Thailand.
Falcon Oil & Gas Ltd (LON:FOG) investors waiting on the Australian shale decision will be assured that in the meantime the group remains financially stable. In a stock market statement, highlighting the filing of interim financial statements, Falcon told investors that its position was strong – with no debt and US$9.7mln cash at the end of June.
Pan African Resources plc (LON:PAF) shares zipped higher in early deals after the miner secured the final regulatory approvals needed for the construction of its Elikhulu tailings project in South Africa. The AIM-quoted firm has been granted the integrated water use licence for the project by the South African department of water and sanitation for a period of 20 years.
Challenger Acquisitions Limited (LON:CHAL) said today it has received £250,000 - £237,500 net of fees - from the previously announced £1mln unsecured convertible note facility due 8 June 2019. The note facility was first announced on 13 June 2017 and in total £350,000 has now been received from it. The cash will be used for general working capital purposes and to potentially support an acquisition or development of a project to complement the company's US$3mln equity interest in the New York Wheel Project.
Strategic Minerals Plc (LON:SML) has proposed the implementation of an options programme, consisting of three tranches, designed to incentivise its board and management to target, over the next five years, a market capitalisation of £100mln and progressing onto a share price of 10p. The diversified mineral production and development company said the options programme is being implemented after its board received a number of enquiries, from shareholders and the general market, as to the future direction of the company and how the board and management would be incentivised.