Water Intelligence PLC (LON:WATR) shares shot up 16% on Wednesday after the provider of leak detection and remediation services said it achieved strong organic growth across all its revenue streams in the first half.
Total revenue gained 39% to US$11.8mln in the first six months of the year and adjusted pre-tax profit rose 32% to US$1.54mln as the company continued to invest in technology to boost growth and enhance its brand.
Net cash generated from operations grew 78% to US$455,000.
In afternoon trading, shares were trading at 388p each.
JKX Oil and Gas Plc (LON:JKX) shares edged lower after issuing a statement regarding a legal matter tied to the Poltava Petroleum Company.
The Ukraine-focused company said the court has decided to give more time for the parties to assess evidence of each party. The claims relate to a tax liability and associated penalties, together worth around US$300,000.
Shares dipped 2.3% to 29.6p.
1pm PLC shares gain on solid earnings
1pm PLC (LON:OPM) hiked its final dividend by 30% after its profits doubled, boosted by strong demand for finance from small businesses.
Shares rose 11.7% to 61p in Wednesday afternoon trading.
The company, which provides specialist finance facilities to the SME sector, said pre-tax profit jumped 93% to £7.9mln in the year to the end of May and revenues gained 78% to £30mln. The dividend was raised to 0.65p per share.
Epwin Group PLC (LON:EPWIN) shares rose 7.2% to 81p after the maker of maintenance building products posted better-than-expected revenues for the first half.
Revenue fell to £142.4mln from £149.9mln a year ago due to heavy snowfall in early 2018 but the decline was not as bad as the company had feared. Pre-tax profit fell to £5.4mln from £7.5mln.
The group sees pre-tax profits meeting market forecasts with results expected to be weighted to the busier second half.
MyCelx Technologies shares surge after first-half revenue and earnings jump
MyCelx Technologies Corp. (LON:MYX) shares gushed up 44% on Wednesday after the clean water technology firm posted a sharp rise in first-half revenue and earnings.
The company, which services the oil and gas sector and commercial industrial markets, said revenue more than doubled to US$12.2mln from US$5.9mln last year and earnings (EBITDA) surged to US$2.7mln from US$300,000.
Results were boosted by a number of contract wins in Saudi Arabia and the first equipment sale into the liquified natural gas market in Australia.
In late morning trading, shares were changing hands at 195p each.
London-based estate agent M Winkworth PLC (LON:WINK) posted solid first-half earnings, sending its shares up 14% to 125p.
Group revenue rose 10.2% to £2.8mln in the half year to June and pre-tax profit increased 10.4% to £596,000 as the company saw a pick-up in rental activity in London.
There were record numbers of applicants registering and Winkworth expects to see activity continuing to grow and prices starting to move upwards.
UniVision Engineering shares jump as it reports strong start to the year
UniVision Engineering Ltd (LON:UVEL) rallied on Wednesday after saying trading in the first four months of the current financial year was “significantly ahead” of the same period a year ago.
The Hong-Kong based group, which supplies CCTV and surveillance systems, expects unaudited revenue for the period to rise to £4.5mln from £1.5mln last year, after securing an installation contract with MTR Corporation worth HKD407.3mln.
The company also sees a sharp rise in unaudited pre-tax profit for the period.
In morning trading, shares jumped 33% to 2p each.
FireAngel Safety Technology Group PLC (LON:FA.) gained after the home safety products company announced it had signed an exclusive partnering agreement with Mears Limited, a subsidiary of Mears PLC (LON:MER)
FireAngel will supply Mears, which repairs and maintains more than 700,000 social homes in the UK, with an integrated connected home management system.
The system uses FireAngel's Wi-Safe 2 wireless interlink technology to connect the company's smoke, heat and carbon monoxide alarms to a cloud-based system for remote monitoring and instant notifications.
Shares rose 17.9% to 69p.
Trakm8 and Elecosoft shares slide
Trakm8 Holdings PLC (LON:TRAK) shares dropped after the telematics and data supply firm warned it had a weak start to the current financial year.
The company said trading in the first five months of the year commencing April 1 has been behind that of the same period a year ago. It said the decline reflected the termination of £1.6mln in contract electronics manufacturing (CEM) work last year and the working down of launch stocks by a significant customer.
Shares fell 13% to 64p in morning trading.
Elecosoft PLC (LON:ELCO) shares declined 7% to 79p after saying finance director Simon Morgan is resigning with immediate effect to pursue other interests.
Benjamin Moralee, who has been interim deputy finance director of the construction software company since March 2018, will replace Morgan as finance director.
The news overshadowed a strong first half report with a 34% increase in adjusted operating profit to £1.7mln and a 5% rise in revenue to £10.5mln along with a 40% hike in the interim dividend.
Proactive news headlines:
Near-surface drill results from Erris Resources plc’s (LON:ERIS) Abbeytown project in County Sligo, Ireland have once again confirmed the presence of high-grade zinc mineralisation.
Research to be published in a leading scientific journal reveals how Clever-1 is important in the process of humoral immunity. Clever-1 is a cell surface receptor shown to control a certain form of immunity. Faron Pharma Oy (LON:FARN) is developing a fully human anti-Clever-1 antibody called Clevegen. It said the efficacy of anti-Clever-1 antibodies in experimental models supported the development of its potential cancer immunotherapy, which is due to enter the clinic later this year.
It was a six month period that began with disappointment for Chariot Oil & Gas Limited (LON:CHAR), but, there’s presently a degree of positivity and optimism with the next ‘high impact’ possibility due to start before the year’s end. Time will tell whether 2018 will be a tale of two halves, and two exploration outcomes.
ReNeuron Group Plc (LON:RENE) will tell investors at its annual meeting that a phase IIb clinical trial of its potentially breakthrough CTX cell treatment for stroke will soon get underway in the US. The first of a group of 110 patients taking part in PICSE III will be enrolled ‘shortly’.
Echo Energy Plc (LON:ECHO) chief executive Fiona MacAulay has told investors she expects the level of activity seen in the first half of the year to continue throughout the rest of the year. In the first half, Echo completed its farm-in deal to secure assets in Argentina and quickly got to work.
Ormonde Mining plc (LON:ORM) has achieved a “major milestone” in the development of its Barruecopardo tungsten project in Spain. In an update for the project, the AIM-listed mining firm said during August commissioning had commenced for the turnkey crush and screen plant, with the first trial of waste rock through the primary crusher having been carried out successfully.
Kazera Global PLC (LON:KZG) said channel sampling has commenced at the Homestead location of the Namibia Tantalite Investment Mine (NTI), with a number of core samples being prepared for assay.
Kore Potash PLC (LON:KP2) has received approval to build a transhipment facility eleven miles offshore from the port at Tchiboula in the Republic of Congo. The permit is for a jetty to transfer potash shipped to the port from its Kola project onto large ships and also covers the Dougou and Dougou extension deposits.
Bluejay Mining PLC (LON:JAY) has updated investors on its bulk sampling programme at the Dundas project in Greenland, where the operation has now stockpiled some 10,000 tonnes of ilmenite containing material. Specifically, in the statement, the company said it has excavated, screened and stockpiled the material. The run-of-mine grade is above 40% ilmenite, and, it is now awaiting delivery instructions for processing and/or testing by interested parties.
Active Energy Group PLC (LON:AEG) has confirmed that, further to the announcement after the AGM on 23 July, the application process for the Crown Timber Licence and Forestry Management Agreement has continued with the Government of the Province of Newfoundland and Labrador. The group said the government has confirmed to the company that the application and award process remains under the final stages of active review by all relevant Government Departments. It added that further announcements will be made as soon as practicable.