The Rotherham United Community Sports Trust has signed up to try out Catenae Innovation PLC’s (LON:CTEA) personnel platform, OnSide.
The provider of digital media and technology said the trial period will run for eight weeks after which the trust will make a decision on whether to sign on the dotted line.
The company, formerly known as Miletone Group, also announced it would not acquire Tribe of Noise after all. The company signalled its intention to buy the music company back in May 2018.
Shares in Catenae, which have lost three-quarters of their value over the last year, recovered to 0.1 from 0.09p overnight.
1.00pm: VinaLand tops the leader-board in unusual circumstances
Vietnam-focused investment group VinaLand Limited (LON:VNL) is not one of London’s glamour stocks so it was rare to see it sitting atop the risers’ list.
The shares more than doubled to US$0.014 from US$0.006 overnight on the release of the fund manager's quarterly report.
The fund’s net asset value at the end of 2018 stood at US$325,000, equivalent to US$0.0022 per share, down from US$41.2mln (US$0.28 per share) at the end of September.
Confused? Well, the zinger is that during the final quarter, the company returned US$45.45mln of capital to shareholders, equivalent to 31 cents a share.
In December, the company voted against management’s proposal to cancel the listing on AIM so the directors of VNL are considering what the next steps for the company should be.
11.15am: All you want to do is ShortShort
Talktalk Telecom Group PLC (LON:TALK) is used to being in the doghouse – both with customers and investors – and it eas back there this morning.
The company said it expects to see a “significant” jump in annual profits this year, but its drive to attract new customers and changes in how it books revenues will put a £15mln dent in its earnings.
The shares were down almost 7% at 103.91p.
10.00am: Beowulf CEO's presentation reveals growing exasperation over Swedish mining authorities
Who’s afraid of the big, bad Beowulf? Investors this morning, it seems.
Beowulf Mining PLC (LON:BEM), the Nordic-focused mineral exploration and development company, saw its shares slide 4.1% to 5.85p after it published the slide deck to a presentation titled 'Sustainability in the heart – partnership, the life cycle of mining projects, balancing the interest of stakeholders' delivered by chief executive Kurt Budge at the Future Mine and Mineral 2019 conference.
Budge’s pot-shots at the mining authorities in Sweden, where Beowulf's Kallak mine is located, may have backfired.
“In my presentation, I showed the impact that Kallak and other cases are having on Sweden's reputation, highlighted the country's decline in the Fraser Institute Rankings from 8th in 2016 to 16th in 2017, compared to Finland's top rating last year, and drew attention to the 40% decrease in applications for exploration permits in Sweden in 2018,” Budge said.
9.00am: Cambria Africa top of the pile; CML on the bottom
Zimbabwe-focused investment company Cambria Africa PLC (LON:CMB) has confirmed that profit after tax for the year to the end of August 2018 hit a new high.
The group issued unaudited results in November, and even though the audited version resulted in earnings per share dipping from the initial estimate to 50 cents, the shares were up by a third.
Profit after tax, excluding one-off costs, shot up to US$2.16mln from US$608,000 the year before.
While Cambria Africa was the biggest riser early doors, CML Microsystems PLC (LON:CML) was the biggest faller after a profit warning.
The semiconductors firm has been hit by a softening of the Chinese economy and said a number of its customers remain “in an inventory correction period” - in other words, they ain’t buying new stuff cos they have too much old stuff in stock.
Shares in CML were down by just over a quarter.
UK RNS today #2 -
CML Microsystems - big profit warning 'tangible effects of a softening of the Chinese economy along with on-going geopolitical issues' so new order bookings have not met with hopes and FY revs -12% yoy
— Chris Bailey (@Financial_Orbit) February 1, 2019
Proactive news headlines
AfriTin Mining Limited (LON:ATM) said it is expecting maiden tin and tantalum concentrate production from its phase 1 pilot plant project at the Uis mine in Namibia in the second quarter of 2019 following additions to the plant.
Greencoat UK Wind PLC (LON:UKW) has agreed to acquire a stake in the Stronelairg and Dunmaglass wind farms from FTSE 100 utilities firm SSE PLC (LON:SSE).
Real Good Food PLC (LON:RGD) has sold off its Chantilly Patisserie to the premium bakery’s management team for £200,000 in cash. The sale means Real Good Food is now free to focus on its two profitable businesses – cake decoration and ingredients.
Baker Steel Resources Trust Ltd. (LON:BSRT) has acquired a 0.75% gross revenue royalty on future coal production from the Wilton and Fairhill projects in Queensland, Australia. The consideration is A$6mln.
Technology group Telit Communications PLC (LON:TCM) said it has granted the Chinese buyer of its automotive division a short extension to complete the US$105mln deal.
Chaarat Gold PLC (LON:CGH) has improved the terms for the US$40mln loan that will pay for the Kapan mine in Armenia.
Wealth and investment management specialist Kingswood Holdings Limited (LON:KWG) said it is paying up to £3.3mln for an Oxfordshire-based financial advisory firm.
Cabot Energy PLC (LON:CAB) updated on its financial position following a “managed, thorough and pragmatic review” of its outstanding and overdue trade creditors.
Providence Resources PLC (LON:PVR) told investors that a drill rig has been selected for an upcoming drill programme at the Barryroe oil field in the Celtic Sea, offshore Ireland.
United Oil & Gas Plc (LON:UOG) has given investors details from a new third party assessment of two of the company’s assets – the Crown oil discovery asset in the North Sea and the Waddock Cross field in the Wessex basin.
PowerHouse Energy Group PLC (LON:PHE) has announced that chief executive Keith Allaun has resigned with immediate effect amid “extenuating personal circumstances”.