Dev Clever Holdings PLC (LON:DEV) has been listed less than a month but is already learning that the stock market can be a baffling place.
The shares tumbled 13.8% to 12.5p after the software house said its new career guidance product, LaunchPAD, went live yesterday.
“This is an exciting step change in the way careers information is delivered to school children as part of a more engaging and stable careers programme, providing young people with the opportunity to make an informed decision about their future. This should dramatically reduce the risk of making the wrong choice, which leads to mis-education and additional cost to the UK Tax Payer,” said Chris Jefferies, the chief executive officer of Dev Clever.
Talking of mis-education, why is “Tax Payer” capitalised in Dev Clever's statement?
1.45pm: Pelatro makes first inroad into Vietnamese market
Pelatro PLC (LON:PTRO), the marketing software specialist, has been awarded a contract by Vinaphone, a mobile network operator in Vietnam.
The contract is worth roughly US$1.5mlm over three years.
Pelatro will supply its mViva contextual marketing platform to assist Vinaphone increase its revenue and customer engagement while reducing customer churn.
Shares in Pelatro were up 3p at 83p.
12.30pm: Some much-needed good news for long-suffering Ten Lifestyle shareholders
Loyalty programmes operator Ten Lifestyle Group PLC (LON:TENG) delivered some good news for long-suffering shareholders on Tuesday.
The shares, trading as high as 150p a year ago, rose 4p to 54p after the company said it had won a new contract with Absa Bank, a South African financial services provider, to provide digital and high-touch travel and lifestyle concierge services to its private banking clients in South Africa.
The contract's value is less than £250,000 in the first year of operation (from March 2019) but is expected to grow into what Ten terms a “medium” contract – defined as contracts worth between £250,000 and £2mln.
— Ten Lifestyle Group (@TenLifestyle) December 18, 2018
11.45am: Dotdigital hits the spot with its interims
Interims from mass-marketing specialist Dotdigital Group PLC (LON:DOTD) hit the spot, with the shares rising 4.5p to 90.5p.
Group revenue grew 33% to £24.9mln in the second half of 2018 from £18.8mln in the same period the year before.
Profit before tax rose to £4.94mln from £4.35mln.
The group said it would continue to conduct a full review of dividends at fiscal year end, therefore the board is not proposing an interim dividend.
11.00am: Blancco reiterates confidence in its ability to meet full year expectations
Blancco Technology Group PLC (LON:BLTG), a provider of mobile device diagnostics and secure data erasure solutions, scrubbed up well on Tuesday Morning.
Revenue in the six months to the end of December 2018 rose 10% year-on-year to £14.6mln while the company moved into the black with profit before tax of £243,000 versus £1.46mln in the same period of 2016.
Blancco Technology #BLTG
Share Price 101p (+15%)
Interims
"Business continued to strengthen. New Executive and senior management team in place; strategy developed to drive sustainable growth."
Adjusted EPS 1.6p
Headlines much better than the real thing. Sell into strength! pic.twitter.com/7JDq6zCheC
— Dearg Doom (@MyDeargDoom) February 19, 2019
The board reiterates its confidence in full-year market expectations, and is pleased with the progress made across the business in the first half of the year.
To our #DataSecurity/#DataPrivacy U.S. partners, clients, & staff, we thought this George Washington quote very appropriate.
"Be courteous to all, but intimate with few, and let those few be well tried before you give them your confidence."
— Blancco (@BlanccoTech) February 18, 2019
Shares in Blancco were up 15p at 102.5p.
10.00am: Ironveld shares dip after placing
Shares in Ironveld PLC (LON:IRON) tumbled 11.4% to 1.95p after the company placed shares at 1.75p each.
The owner of an iron, vanadium and titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa, has raised £1.1mln through the share placing.
“The proceeds from this fundraise will significantly strengthen our balance sheet and place us in a position of strength as we continue discussions to enable the company to commence production of high purity iron, vanadium and titanium,” said Peter Cox, the chief executive officer of Ironveld.
Shares in Ironveld were recently trading as high as 3p after the company said it had delivered sufficient tonnage of sample material to a potential off-take partner.
9.00am: Panthera Resources and Arc Minerals set the early pace after receiving cash infusions
Panthera Resources PLC (LON:PAT), the gold exploration and development company, shot up in early deals as it confirmed receipt of a cash injection.
The company said the initial US$250,000 of funding from Galactic Gold Mines has been received.
Galactic Gold Mines is buying a 10% stake in Panthera's wholly-owned subsidiary, Indo Gold.
Shares in Panthera were up by around one-sixth at 8.6p.
In a similar vein, Arc Minerals PLC (LON:ARCM) is all cashed up after raising £2.2mln through a placing of units – each unit comprising one share and one warrant – at 3p a pop.
The shares were up 0.2p at 3.1p following the announcement; the astute among you will notice this means the units were placed at a premium to last night's closing mid-market price.
Proactive news headlines:
Seeing Machines Limited (LON:SEE) has secured a new programme design win for its Driver Monitoring System technology with a US-based original equipment manufacturer.
Arc Minerals Ltd. (LON:ARCM) has raised £2.2mln through a placing of 73.6mln units at 3p each, with each unit consisting of one share and one warrant. The money raised will be used to fund the continuing exploration and development work on the Zamsort copper project in Zambia and for general working capital purposes.
Strategic Minerals PLC (LON:SML) (USOTC: SMCDY) announced that its managing director, John Peters and chairman, Alan Broome gave exercised 17,500,000 existing vested options. Accordingly, the group added, Peters has subscribed for 16,000,000 new ordinary shares taking his holding in the company to 50,500,000 ordinary shares of 3.6% of its total issued share capital. The group said Broome has subscribed for 1,500,000 new ordinary shares, increasing his holding to 6,147,319 ordinary shares, or 0.44% of the total issued share capital.
FairFX Group Plc (LON:FFX) has been given access to settlement accounts at the Bank of England following an extensive audit, in a move it said represented “a significant endorsement” of its services.
Diversified Gas & Oil PLC (LON:DGOC) has struck a deal with the Kentucky authorities over its field retirement obligations for the next five years. It relates to the assets acquired by DGOC in its 2018 transaction with Core Appalachia Holding Co LLC.
Touchstone Exploration Inc (LON:TXP) has raised £3.8mln through a share placing to fund a new exploration well in Trinidad. The capital injection will support the proposed drilling of an exploration well in the Corosan west region of its Ortoire exploration property. It is planned that drilling will kick off in the second quarter.
Arix Bioscience PLC (LON:ARIX) said chief investment officer Joe Anderson has been re-appointed chief executive. Executive chairman Jonathan Peacock will stay in role, but in a non-executive capacity at the life sciences investment company, while biotechnology entrepreneur Sir Christopher Evans is retiring as a director after a three-year term. Evans will continue as a consultant.
Primary Health Properties PLC (LON:PHP) has contracted to fund and acquire a purpose built primary care centre in County Kildare.
Asiamet Resources LTD (LON:ARS) is continuing to intersect broad intervals of copper mineralisation with high grade intervals in ongoing drilling at its Beruang Kanan Main project (BKM) in Indonesia. The drilling comprises part of the ongoing bankable feasibility study on the project.
Motif Bio Plc (LON:NASDAQ) (LON:MTFB), the clinical-stage biopharmaceutical company specialising in developing novel antibiotics, said it will hold a conference call on Tuesday, February 19, 2019 - at 8:30 AM ET/1:30 PM GMT/2:30 PM CET - to discuss recent events and the company's plans.