Water Intelligence (AIM:WATR) PLC was up to 950p (5.11%) as the company “performed strongly and exceeded expectation for 2021” across metrics such as revenue and underlying earnings.
The provider of leak detection and remediation solutions pointed out that performance was achieved against the backdrop of the challenges presented by Covid.
Demand for its solutions continues to grow rapidly, the statement said, fed by the increasing price of water and strong government infrastructure spending around the world as the company starts 2022 strongly.
1.55pm: Insig selected for FinTech programme
Insig AI PLC (AIM:INSG), the machine learning company, put on 3p (8.2%) at 39.5p after it was selected for PwC's Scale FinTech programme.
The programme is designed to give access to new commercial opportunities within PwC as well as among its clients. After an extensive selection process, Insig AI was one of only nine companies this year chosen from more than 700 applicants from around the world.
This is the fifth year that PwC, in partnership with the consulting company GrowthBuilders , has run the Scale FinTech programme, targeting technology scale-ups with innovative FinTech solutions.
1.35pm: Filta Group's business now running ahead of pre-pandemic levels
Filta Group Holdings PLC (AIM:FLTA) said its business recovered strongly through 2021 as hospitality venues started to reopen and is now running ahead of pre-pandemic levels.
The group, which provides kitchen equipment cleaning and maintenance services to fast-food chains, said revenues hit record levels in the third and fourth quarters of last year, helping the group generate total sales of £23.6mln (£16.4mln).
The shares rose 8% to 141.5p after it said sales had recovered especially well in North America; sales grew 82% year-on-year to a record of £14.2mln.
12.45pm: Wildcat Petroleum (LSE:WCAT) eyeing production as it appoints brownfield sites specialist
Wildcat Petroleum (LSE:WCAT) PLC jumped 13% to 3p after it appointed PETRO-TEC (PT) as petroleum consultants.
PT is an international petroleum consultancy specialising in development, planning and reservoir management. They are experts in the field of enhanced oil recovery (EOR), with extensive experience in the identification, screening and selection of brown field petroleum sites in which EOR techniques can be applied. PT will be able to devise, implement, run and evaluate appropriate field development projects alongside Wildcat, the company said.
“One of our main goals has always been to start oil production, especially given recently rising oil prices. We are hopeful that Petro-Tec can help WCAT firstly identify and secure producing oil assets which are suitable for EOR and secondly that we can utilise PT's EOR expertise to start profitable oil production,” said Mandir Singh, the chair of Wildcat.
11.50am: Year of the Cobra?
Cobra Resources PLC soared 38% to 1.8p after it released results from recent reverse circulation drilling on the Clarke prospect in Australia.
The drilling encountered further gold mineralisation within the northern drill transect confirming the potential for a significant gold mineral system at Clarke.
Additional rare earth elements have been intercepted above and proximal to the gold interceptions.
10.55am: It did not just rain, it poured for Lamprell in 2021
Lamprell PLC (LSE:LAM, OTC:LMPRF), down 8.8% at 31.7p, became the latest company to bemoan the impact of national lockdowns and travel restrictions early in 2021 on its trading.
The company said the restrictions affected its productivity and supply chains resulting in both additional costs as well as the rephasing of project delivery schedules. This affected revenue recognition, whereby certain project milestones were moved to 2022 and affected full-year underlying earnings (EBITDA).
COVID-19 impacts eased in the second and third quarters but resumed with the emergence of the Omicron variant in late 2021 and early 2022 when around 1,200 of its staff were in quarantine. Productivity was further affected by adverse weather conditions causing a week-long disruption to its operations.
10.00am: Pantheon Resources celebrates "great result" in Alaska
Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) soared 29% to 106p after a “great result” in Alaska.
The company said it has received expectation-beating flow test results for the Talitha A vertical test well in Alaska. The well test was primarily designed to determine whether the oil in Talitha’s Basin Floor Fan (BFF) discovery was ‘moveable’ and oil flowed in separate tests on three separate reservoir intervals.
Rates averaged 73 barrels of oil per day which bodes well for the future of the project. Pantheon highlighted that the project would be developed using horizontal wells, stimulated with multiple stage fracs to produce flow rates that the company predicts will be “many times higher”.
9.05am: Great Portland has best year ever - and it's not even over yet
Great Portland Estates (LSE:GPOR) PLC saw its value increase by a third on Monday morning after the property said it had set a new leasing high.
The company has now signed 460,900 square feet of new lettings since the start of the financial year (1 April 2021), generating a combined annual rent of £32.5mln, of which the company’s share is £26.4mln.
This surpasses the company’s previous record leasing high of £31.8mln in 2016 with two months of the financial year still remaining.
SpaceandPeople PLC (AIM:SAL), the retail, promotional and brand experience specialist, was the second biggest riser in the first hour of trading, advancing 19% to 11p after it revealed trading has continued to recover in early 2022 in both the UK and Germany.
The board said it is increasingly confident on the outlook for the business and has the resources and opportunities to deliver sustained and improved financial performance.
Revenue in 2021 rose to £4.5mln from £2.8mln in 2020 as more venues reopened.