Datatec Limited (LON:DTC) has announced that its shares will cease trading on London’s junior market AIM on 8 December after failing to attract enough UK investors.
Shares fell 9.235 to 295p following the news.
The information and communications technology firm, which began trading on AIM in October 2006, said the listing has “not had the desired effect of diversifying Datatec’s investor base”.
“The liquidity of the shares on AIM has been very poor and no significant investors from the UK market have invested in Datatec shares via AIM."
Datatec will keep its primary listing on the Johannesburg Stock Exchange.
Stellar Diamonds PLC shares sparkled (LON:STEL) on the news that it has received environmental approval in Sierra Leone for the development of its Tongo project.
The Environmental Protection Agency in Sierra Leone granted Stellar an environmental licence that will pave the way for the development of the Tongo deposit into commercial production.
“The next milestone will be the drafting of the Tongo Mining Licence,” said chief executive Karl Smithson.
“Tongo forms part of the proposed 4.5 million carat combined Tongo-Tonguma mine development which has the potential to be the second largest hard rock diamond mine in West Africa and have one of the highest $/t kimberlite ore values globally.”
Shares rose 8.70% to 3.12p.
1.30pm: Starcom shares up on supply deal
Starcom Plc (LON:STAR) shares edged higher as it announced a deal with South African security firm Xplosive to supply its Kylos Forever GPS tracking devices for sale to the farming industry.
Under a three-year supply and support agreement, Xplosive will sell Kylos Forever to farmers in South Africa and Australia to allow to protect and track livestock.
Xplosive has ordered an initial 1,500 units the portable GPS tracker that can be attached to valuable assets, people and pets. This may be increased to 15,000 units per year.
The total order value if the agreement is fully implemented would be about US$3.5mln over three years.
Shares rose 10.77% to 1.80p.
Kimberley Enterprises PLC (LON:KBE) shares tanked as it said the bank account of its Czech Republic subsidiary, Palace Engel Velaslavin PEV, has been frozen with balances up to €1mln.
Kimberley and PEV are seeking legal advice with the aim of having the bank account released, the property developer said in a statement without providing any further details.
declined 31.25% to 0.28p.
11.30am: Tlou Energy shares rise as it makes progress on Botswana seismic programme
Tlou Energy Limited (LON:TLOU) said its ongoing seismic programme in Botswana is “progressing well”, sending its shares up 9.76% to 11.25p.
The 2D seismic programme, spanning the Lesedi and Mamba coal bed methane areas, started on October 8 and is about 40% complete.
Tlou’s managing director, Tony Gilby, said the company is “very pleased” with data obtained from the survey so far.
“Data from the survey is being integrated with existing data with a view to expanding the Lesedi and Mamba gas reserves and contingent resources,” he said. “The addition of further reserves and contingent resources de-risks the project even further and could add significantly to the value to the company.”
Shares in security and facilities management company, Mortice Limited (Starcom Plc (LON:STAR) shares edged higher as it announced a deal with South African security firm Xplosive to supply its Kylos Forever GPS tracking devices for sale to the farming industry.
Under a three-year supply and support agreement, Xplosive will sell Kylos Forever to farmers in South Africa and Australia to allow to protect and track livestock.
Xplosive has ordered an initial 1,500 units the portable GPS tracker that can be attached to valuable assets, people and pets. This may be increased to 15,000 units per year.
The total order value if the agreement is fully implemented would be about US$3.5mln over three years.
Shares rose 10.775 to 1.80p.
Kimberley Enterprises PLC (LON:KBE) shares tanked as it said the bank account of its Czech Republic subsidiary, Palace Engel Velaslavin PEV, has been frozen with balances up to €1mln.
Kimberley and PEV are seeking legal advice with the aim of having the bank account released, the property developer said in a statement without providing any further details.
Shares declined 31.25% to 0.28p. Starcom Plc (LON:STAR) shares edged higher as it announced a deal with South African security firm Xplosive to supply its Kylos Forever GPS tracking devices for sale to the farming industry.
Under a three-year supply and support agreement, Xplosive will sell Kylos Forever to farmers in South Africa and Australia to allow to protect and track livestock.
Xplosive has ordered an initial 1,500 units the portable GPS tracker that can be attached to valuable assets, people and pets. This may be increased to 15,000 units per year.
The total order value if the agreement is fully implemented would be about US$3.5mln over three years.
Shares rose 10.775 to 1.80p.
Kimberley Enterprises PLC (LON:KBE) shares tanked as it said the bank account of its Czech Republic subsidiary, Palace Engel Velaslavin PEV, has been frozen with balances up to €1mln.
Kimberley and PEV are seeking legal advice with the aim of having the bank account released, the property developer said in a statement without providing any further details.
Shares declined 31.25% to 0.28p. ), declined after saying it will allot 500,000 new ordinary shares as part of its £6.5mln acquisition of property services firm, O&G Group.
The company has agreed to pay £3mln in cash and a total of 3.5mln shares for the acquisition of O&G.
Mortice has applied to admit the 500,000 new ordinary shares to trading on London’s junior market AIM. Trading is expected to start on Thursday.
Shares were down 10.95% to 61p.
10.00am: K&C Reit gains as it embarks on fundraising and main market listing
Real estate investment trust K&C Reit PLC (LON:KC) shares jumped as it announced its plans for a £150mln fundraising and said it intends to apply to join the premium segment of the official list on London Stock Exchange’s main market.
The company will raise the funds through the issue of new ordinary shares at 100p each. It is also undertaking a consolidation of its existing share capital on the basis of every 10 ordinary shares into one new ordinary share.
The funds will be used to support the business in executing larger acquisitions from a UK residential property pipeline worth £400mln.
K&C has agreed in principle new debt facilities of up to £100mln to assist with the acquisition of residential property portfolios.
Shares were up 28.81% to 9.50p in morning trading.
Energiser Investments PLC (LON:ENGI) gained after saying it has signed binding contract to sell 20 residential units in Wellingborough, England.
The investor sold the portfolio for £2.8mln, in line with expectations. The deal included £1.5mln of debt, resulting in net proceeds of £1.5mln to Energiser.
Energiser said it will use the funds from the sale to bolster its balance sheet for new investment opportunities.
Shares rose 13.29% to 2.0p.
Consumer goods company McBride PLC (LON:MCB) saw its shares fall after reporting a 6.7% drop in first quarter revenue, reflecting weaker sales in its household products and personal care businesses.
Sales in the household division fell 5.1% as a result of the loss of a key contract in Germany and weak underlying demand in France.
In the personal care and aerosols business, sales declined 12.4% due to the exit last year of non-profit making contracts as part of actions taken to consolidate manufacturing into fewer locations.
The group continues to see its financial performance weighted towards the second half and said it is on track to meet full year expectations.
Shares dropped 6.61% to 215.5p.
Distil PLC (LON:DIS) shares were in the red as the owner of premium drinks brands reported growth in half-year revenue and gross profits but warned on risks surrounding Brexit uncertainty.
Revenue rose 22.8% year-on-year to £818,000 in the six months to 30 September while gross profit increased 22.1% to £459,000.
The owner of RedLeg spiced rum, Blackwoods gin and vodka, Blavod Black vodka, Jago's cream liqueur and Diva vodka said it continues to take “prudent measures” to manage risk amid Brexit uncertainty.
Shares dipped 8.16% to 2.87p.
Proactive news headlines:
Tlou Energy Limited (LON:TLOU) has updated investors on its ongoing seismic programme in Botswana, which is about 40% complete. The 2D seismic programme, spanning the Lesedi and Mamba coal bed methane areas, kicked off earlier this month (on October 8).
Goldplat PLC (LON:GDP) now boasts profitable operations across the board. Recovery plants in South Africa and Ghana continue to perform well, while production continues to increase at the Kilimapesa gold mine.
Rose Petroleum PLC (LON:ROSE) has completed its seismic programme in the Paradox basin, Utah, and the company now expects initial results to be ready before the end of the year. The seismic programme, which covered a 50 square mile area, is a precursor to exploration drilling with the data expected to be used to identify five initial drill targets.
Greka Drilling Ltd (LON:GDL) told investors it has landed two new contracts in China, together worth around US$9mln - one with Greka Guizhou and one with CNPC unit Bohai Drilling Engineering.
Bloomsbury Publishing PLC (LON:BMY) still has the magic touch when it comes to children’s books; it reported a 33% rise in revenues from Children's titles to £31.7mln, which was a major contribution in the 15% rise in half-year group revenues to £72.1mln.
Intellectual property commercialisation specialist Frontier IP Group PLC (LON:FIPP) said the fair value of its portfolio rose by 45% in the year to 30 June.
Seeing Machines Limited (LON:SEE) is talking to a growing number of car industry players as interest in its FOVIO driver monitoring systems (DMS) technology increases, even at the onset of the semi-autonomous vehicle.
Avacta Group PLC (LON:AVCT) has told investors that Affimer reagents continue to excite the scientific community, with a record nine scientific papers on the subject already penned in 2017. The compares with just two written last year, so interest in the area is clearly growing.
Internet of Things (IOT) enabler Telit Communications PLC (LON:TCM) has received the long-awaited certifications for its LTE CAT-1 VoLTE modules. The delay in getting the approvals was one of the reasons why Telit’s first half revenues came in below expectations.
Human microbiome specialist OptiBiotix Health PLC (LON:OPTI) has agreed for its cholesterol and blood pressure reducing food additive LP-LDL to be sold in Spain, Chile, Peru and the Middle East in a three year deal with Galenicum Special Ingredients.
Metal Tiger PLC (LON:MTR) has reported strong exploration drilling results outside of the main T3 copper resource in Botswana that it's developing jointly with Australia's MOD Resources. The drill results indicate that in time T3 could become even bigger.
Stratex International PLC (LON:STI) has issued a rebuttal of a plan produced by dissident shareholders to add production from Egyptian gold tailings and to move into base metals exploration in Botswana and Namibia. An EGM is being held on 1st November, and Stratex continues to urge shareholders to vote against the resolutions.
An ongoing review of historical data and initial field reconnaissance has highlighted additional gold potential at the Panorama project in the Pilbara region of Western Australia held by Greatland Gold PLC (LON:GGP). Amongst the highlights from the northern licence area are multiple historic rock chip samples with an elevated gold response along a 3.2 kilometre zone, including results of 10.5 grams per tonne gold, 14 grams per tonne and 66 grams.