BCA Marketplace board minded to recommend 243p a share offer, if it is made

A look at the day's major movers, including Premier Technical, Evraz, Gunsynd, Dixons Carphone, Serabi Gold and EVR

BCA said the new financial year has started well "despite the continuing macro, UK-specific economic and political challenges".

3.15pm: We buy any company ... (possibly)

Car auctions firm BCA Marketplace PLC (LON:BCA) surged 21.4% to 236.2p as it revealed a private equity group is wooing it.

The board of the “We buy any car” web site owner has received a proposal from investment funds managed by TDR Capital to acquire the entire issued share capital of BCA at a price of 243p per share in cash.

The terms value the company at around £1.9bn.

2.15pm: Premier Technical climbs after £265mln recommended bid from Macquarie

The top riser in London on Thursday was building facade access specialist Premier Technical Services Group PLC (LON:PTSG), which soared 140% top 208.56p on a recommended bid.

Australian investment group Macquarie secured management backing for a cash offer of 210.1p per share.

Paul Teasdale and Roger Teasdale, the chief executive officer and managing director of Premier respectively, have agreed to accept the offer in respect of their shareholdings and reinvest £16.3mln and £1.8mln respectively of the money they will receive in the investment vehicle that has been set up to carry out the takeover.

1.15pm: Evraz knocked as 1.7% of share capital is placed in the market

Shares in steel-maker Evraz plc (LON:EVR) were down 4.4% at 646p after a large chunk of shares was sold in the market.

Abiglaze Limited, Crosland Global Limited, Greenleas International Holdings and Toshi Holdings successfully placed 24.9mln shares at 635p a share.

The shares sold represent roughly 1.7% of the company's issued share capital.

11.15am: Fund-raising on the cards at Gunsynd

Shares in Gunsynd PLC (LON:GUN) ebbed 8.6% to 0.0265p after the company signalled its intention to raise “a small amount of money”.

The announcement came after ZTR Acquisition (formerly Oyster Oil and Gas Ltd) announced it had transferred all of the outstanding share capital of its wholly-owned operating subsidiary, Oyster Oil & Gas Limited ("Subco"), to Northbay Capital Partners Corp. and Gunsynd PLC and certain other creditors, in settlement of outstanding debts.

The creditors have assumed responsibility for the management and obligations of Subco and have flagged up the need to refill the coffers to provide working capital and to finance a limited work programme on the Oyster Oil & Gas asset with an eye to farming out to a larger partner for the drilling phase.

10.15am: Downwardly mobile: Dixons in the doghouse

Shares in Dixons Carphones PLC (LON:DC) were about as popular as, well, carphones, sliding 13% to 108.2p after a gloomy outlook statement from the retailer.

READ Dixons Carphone slumps as electricals retailer warns of 'more pain' from mobile market

“The flagship consumer electricals retailer’s troubles have been well known but this morning’s set of results is still highly reflective of the state of the retail sector in general. Revenues fell by 1% to £10.4bn with the decline in the mobile business being the largest contributor where like for like sales declined by 4%,” observed Helal Miah, an investment research analyst at The Share Centre.

“The mobile business is facing a number of structural challenges as consumers hold onto their phones for longer,” the analyst added.

9.15am: Ay Coringa! Serabi shines after latest drilling results

Serabi Gold (LON:SRB) shares shot up 26% to 65p in early trading after the market applauded the latest drilling results from the Coringa gold project in Brazil.

Drilling highlights included hole COR0381, which returned an intersection of 2.65 metres @ 8.51 grams per tonne and hole COR0383, which returned an intersection of 1.15 metres @ 9.69 grams per tonne.

“The last holes drilled, COR0381 and COR0383 were drilled into this payable southern extension, with both intersecting excellent grades over mineable widths. COR0383 is especially pleasing as it is close [to] the southern limit of the new payable zone, and the results suggest there is even more potential to the south,” said Mike Hodgson, the chief executive officer of Serabi.

EVR Holdings PLC (LON:EVRH), the creator of virtual reality entertainment content, was also in demand, climbing 5.4% higher to 6.3p after entering into a partnership with Festival Republic, a division of Live Nation, to broadcast its Wireless Festival live via EVR’s MelodyVR platform.

The Wireless festival, which features urban and hip-hop music, has already sold out so if you have not got a ticket – we know you are all Cardi B fans out there in Proactive land – then MelodyVR is likely the only way you are going to be able to experience the next best thing to being there.

Proactive news headlines:

Shanta Gold Limited (LON:SHG), the East Africa-focused gold producer, has found exceptional grades in its latest drilling campaign at New Luika in south-western Tanzania.

Ceres Power Holdings PLC (LON:CWR) has launched the first fuel cell system using its technology into the Japanese market as part of a partnership with boiler maker Miura.

Azerbaijan-based gold miner Anglo Asian Mining PLC (LON:AAZ) has repeated its forecast for up to 86,000 of gold equivalent ounces this year (2019). Anglo is currently operating at an all-in sustaining cost of US$541 per ounce, among the lowest for a gold miner anywhere, and made a profit of US$25.2mln in 2018 - a four-fold increase.

ValiRx Plc (LON:VAL) has been given regulatory clearance to increase the dose of its VAL201 drug following an amendment to the clinical trial it is currently carrying out. The first-in-human study of men suffering prostate cancer has revealed the safe toxicological limits are higher than suggested by pre-clinical assessments of the compound.

Cosmetics testing group Integumen PLC (LON:SKIN) has added two industry veterans to its senior management team. Paul Ryan has been appointed as the company’s head of enterprise sales at Labskin AI, while Colin O’Sullivan joins as chief information officer, a position he previously held at the Australian Medical Association. In a separate stock exchange announcement, the AIM-quoted company confirmed a shareholder had exercised warrants over 2.5mln shares, bringing in £37,500.

Avacta Group PLC (LON:AVCT) has selected a company called Selexis to help develop the Chinese hamster ovary cell line that will be used to manufacture the company’s first Affimer clinical candidate.

IronRidge Resources Ltd (LON:IRR) has reported ‘significant’ intersections of mineralisation at the Ewoyaa West target, part of its Cape Coast lithium assets in Ghana. The mineralisation was encountered via the company’s trenching operations at Ewoyaa West.

Adamas Finance Asia Ltd’s (LON:ADAM) investment manager completed a significant restructuring of the portfolio last year and invested in a number of SMEs the board believes have strong prospects.

Coinsilium Group Limited (LON:COIN), the NEX-listed blockchain venture builder, announced that Jet Trade Global Limited, a company wholly owned by its chief executive officer Eddy Travia yesterday purchased 200,000 ordinary shares in the company at a price of 2.75p each. The group said that Travia now holds, via Jet Trade Global Limited, 7,706,701 ordinary shares representing 6.09% of the issued share capital with voting rights of the company.

Diversified Gas & Oil PLC (LON:DGOC) announced late on Thursday that it had been notified that its chief financial officer, Eric Williams had acquired 10,000 ordinary shares in the company through the market at a price of 106.5p each. Following purchase, it added, Williams is now interested in 48,855 ordinary shares representing approximately 0.01% of the company's issued share capital.

Rockfire Resources PLC (LON:ROCK), the gold and base metal-focused resource company, announced that an updated version of its corporate presentation is now available on the company's website.

African Battery Metals Plc (LON:ABM) advised shareholders that Dr Roger Key, chief executive officer of Kalahari Key Mineral Exploration Pty Limited – in which ABM holds an 18.26% stake -  gave a presentation at the Botswana Resource Sector Conference held in Gaborone, Botswana. The AIM listed battery metals exploration and development company said the presentation was entitled "Exploration for Ni and PGMs in the Molopo Farms Complex's Feeder Zone" and can be viewed through the following link: https://www.capconferences.com/files/2019/06/Tuesday-11th-June-1120hrs-Roger-Key.pdf

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