Games Workshop puts the hammer down

A look at the day's major movers, including Alien Metals, Smart Metering Systems, Tasty, Metals Exploration and Nu-Oil

Warhammer 40k
Some good figures today from Games Workshop

Games Workshop Group PLC (LON:GAW) shares moved up a level on Friday after the company raised profit guidance.

The maker of Warhammer 40k said trading had “continued well” since its half-year results in January, with royalties ahead of the prior year due to new licence agreements, and as a result, it expected pre-tax profits for the year ended 2 June 2019 to be around £80mln.

The shares were up 12% at 3,708p – about the price of three packs of 7-man squads of Dark Imperium Death Guard Plague Marines of Nurgle.

12.30pm: Alien Metals levitates after board changes

Is it just me or is the London Stock Exchange getting a little bit loose with its ticker symbols for stocks?

Today, we had an announcement from Hipgnosis Songs Fund Limited, which has the ticker symbol SONG (the shares are down 1.9%, by the way) and one from Alien Metals Limited (LON:UFO), where the ticker is UFO.

The shares were up 3.7% after Dennis Edmonds, the executive chairman of the company formerly known as Arian Silver, tendered his resignation.

Non-executive director Dan Smith has taken over as chairman and will work alongside chief executive officer, Peter Taylor, who joined the Mexico-focused minerals explorer in February.

11.30am: Dial moves lower for Smart Metering

Smart Metering Systems PLC (LON:SMS), a company with a commendably self-explanatory name, has announced a final dividend of 3.98p in respect of 2018.

The total pay-out for the year was 5.98p, up from 52p the year before.

The shares slipped 2.3% to 501.5p as the company said that it had issued 137,553 shares relating to its March 2016 acquisition of CH4 Gas Utility and Maintenance Services, which was subject to certain earn-out conditions.

10.30am: Tasty down a sizeable portion after fund-raising

Tasty (LON:TAST), the owner and operator of 57 restaurants in the casual dining sector, is looking to raise £3.25mln through a share issue.

The company has already secured buyers for 75mln shares at 4p a pop, raising £3mln, and plans to offer shareholders the chance to chip in an additional £250,000 by buying new shares at the same price.

The funds will be used to pay down debt and for general working capital purposes.

READ Investors desert Tasty as it swings to a loss and warns there’ll be no improvement in 2019

The funds have been raised at a time when the casual dining market is at a low ebb in the UK as a result of overly aggressive expansion by some of the major players.

Tasty, which owns the dim t and Wildwood chains, saw revenues fall 6% in 2018 to £47.3mln (2017: £50.3mln), reflecting site closures and a decline in like-for-like sales.

The shares were down by almost a fifth at 4.8p this morning.

9.30am: Metal Exploration shareholders breathe sigh of relief as company announces new Nomad

There was a relief rally for Metals Exploration Plc (LON:MTL) as the company revealed it had secured a new nominated adviser (Nomad).

Strand Hanson Limited has got the gig after Canaccord Genuity announced in the middle of March it would be resigning as a Nomad.

An AIM-listed company must have a Nomad so today’s news was warmly welcomed by the market with the shares shooting up by two-fifths to 0.91p, although that’s a far cry from the 3.77p the shares were trading at a year ago.

It’s not often a fund-raising by a tiddler results in the stock rising but Nu-Oil and Gas Plc (LON:NUOG) has managed the feat.

The shares climbed 7% to 0.305p after the company announced plans to raise in the region of £250,000 through an open offer of shares at 0.3p a pop, which is the same price at which the company raised £250,000 earlier this month in a share placing. The shares closed at 0. 285p last night.

Nu-Oil shareholders can apply for new shares on the basis of one open offer share for every 17.31 shares currently held.

Proactive news headlines:

ANGLE PLC’s (LON:AGL) (OTCQX:ANPCY) ground-breaking liquid biopsy system will be incorporated into a clinical study to provide an early warning of relapse among patients being treated for non-small cell lung cancer. The Partsortix system will be used in research being carried out by the Hellenic Oncology Research Group and will be deployed to track circulating tumour DNA, fragments of dead cancer cells and circulating tumour cells (CTCs).

Arc Minerals Ltd (LON:ARCM) has kicked off its exploration programme at the Zamsort project in north-western Zambia. Infill soil sampling has commenced over the new target areas, and 1,200 samples have already been grabbed.

Oil and gas rig contractor ADES International Holding PLC (LON:ADES) has secured two onshore contracts in Algeria with state-owned oil group Sonatrach. The ADES 2 contract comprises one firm well and four optional wells worth up to US$8mln in total.

Life sciences group Integumen PLC (LON:SKIN) has agreed to buy scientific data management specialist RinoCloud for £3mln as it looks to build out its Labskin AI platform. AIM-quoted Integumen had been using RinoCloud’s technology in its development of Labskin AI – an extension of Integumen’s laboratory-grown skin product which provides real-time test results to skincare, wound care, pharma, healthcare and personal care companies.

AFC Energy PLC (LON:AFC), the alkaline fuel cell power company, has raised money through a share subscription and entered into a convertible bond facility. The company has conditionally raised £813,000 before expenses by way of a subscription for 27.1mln shares at 3p a pop; AFC’s shares closed at 3.775p last night.

Europa Oil & Gas Holdings PLC (LON:EOG) is looking forward to a potential third-party exploration catalyst offshore Ireland, with China’s CNOOC due to drill a well to test the Iolar prospect. Exploration success in the South Porcupine basin would be significant for all companies with interests in Ireland’s Atlantic frontier, while for Europa it would specifically benefit the Kiely East (estimated at 280mln barrels) and the Edgeworth (225mln barrel) targets.

Yellow Cake PLC (LON:YCA) is raising £25.9mln, increased from £22.9mln, through a share placing in order to fund the purchase of at least 1mln pounds of uranium. The company, a vehicle specifically set up to acquire and own physical uranium as an investment strategy, upgraded the funding after the original offer (announced yesterday) saw strong investor demand.

Vast Resources PLC (LON:VAST) has raised £600,000 in a share placing to help fund its operations at the Baita Plai metal mine in Romania and the Heritage diamond mine in Zimbabwe.

Rose Petroleum PLC (LON:ROSE), the AIM-quoted natural resources business announced that, on 11 April, Matthew Idiens, its chief executive officer purchased 2,000,000 ordinary shares in the company at an average price of 1.75p each, taking his holding up to 2.52% of the existing ordinary share capital. The group added that, on the same date, its chief financial officer Chris Eadie purchased 945,600 ordinary shares at an average price of 1.67p each taking his holding to 1.20%. In addition, it said, Tom Reynolds, a proposed non-executive director of the group purchased 731,694 ordinary shares at an average price of 1.715p each, also on 11 April.

IXICO PLC (LON: IXI), the data analytics company delivering insights in neuroscience, has announced the appointment, with immediate effect, of Cenkos Securities as its nominated adviser and sole broker.

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