BATM Advanced Communications Ltd (LSE:BVC, OTC:BTAVF) surged 5.3% to 48.95p on the announcement of a strategic partnership.
Its Telco Systems subsidiary has agreed a deal that will see its Edgility virtual networking software pre-installed by Advantech on its universal edge network appliances.
Through the agreement, purchasers of an Advantech universal edge network appliance can contract directly with BATM to use the Edgility solution.
2.50pm: Alpha Growth beefs up board
Alpha Growth PLC (LSE:ALGW, OTCQB:ALPGF), the financial services specialists, shot up 17% to 0.02p after confirming Mark Ward as a strategic adviser to the company.
Ward has experience in senior positions at technology companies, and even started his own named Hunter Macdonald, before merging with Danish Netcompany.
He currently owns 20.8% of the company’s issued share capital, and has been “hugely impressed by the rapid growth already achieved.”
2:16pm: Tristel falls as revenues take a hit
Tristel PLC (AIM:TSTL), the infection control and water treatment products company, sank 14% to 358p after it reported a decline in half-year revenues.
Turnover from continuing operations fell to £13.6mln in the six months to 31 December 2021 from £14.7mln in the corresponding period of 2020.
“The focus of the business is now solely on our core hospital market and our proprietary chlorine dioxide chemistry. The rationalisation of our business was substantially completed during the half, and we expect it to deliver faster top-line growth and higher profitability in the short and long term,” said Paul Swinney, the chief executive officer of Tristel.
1.15pm: Rambler Metals higher after intersecting new high-grade copper mineralisation
Rambler Metals & Mining PLC shares rose by 9.02% to 33p after it told investors it was “successful in intersecting new high-grade copper mineralisation” along strike from the LP East Zone in Newfoundland and Labrador, Canada.
The new zone is being referred to as the Jennings Zone and is open in all directions.
Highlights at this new zone include 15m at 1.74% copper and 3.5m at 2.12% copper.
Elsewhere, Premier African Minerals Ltd (AIM:PREM) (Premier African Minerals Ltd (AIM:PREM)) had recovered somewhat in early afternoon trade, after the shares started lower amid possible profit-taking following a strong recent showing.
Given the doubling of the share price in 2022 to date, expectations would appear to have been high ahead of Monday’s drill report from the Zulu lithium and tantalum project. Comments from chief executive George Roach said that the drill results “support expectations of further discoveries and a probable increase in the mineral resource”.
In the market, Premier African was down close to 18% by around 9:00 and by 13:00 was changing hands at 0.4p, down 10% for the day.
12:30pm: ADVFN slides as it targets acquisitions and partnerships
Shares in ADVFN PLC (AIM:AFN) fell by 16.4% to 55p as it released its unaudited interim results for the second half of 2021.
Profit after tax was at £202,000, £62,000 lower than the previous year, with its revenue also down slightly.
The company also confirmed it would no longer be seeking a sale, and would rather attempt to grow its business through acquisitions and partnerships.
11:30am: Clipper's shares jump as sale edges closer
Clipper Logistics PLC (LSE:CLG) shares climbed 13.9% following news that the company has reached an agreement on the key terms of a possible cash and share offer by GXO Logistics.
The board have said that should a firm offer be made on the terms of 920p per share, split between cash and new GXO shares, they would unanimously recommend it to shareholders.
Any announcement by GXO of a firm intention to make an offer for Clipper remains subject to the satisfaction of a number of customary pre-conditions, such as the completion of confirmatory due diligence, agreement of the detailed terms of the possible offer and finalising the securing of debt financing.
10:15am: Morses' shares nosedive following profit warning
Morses Club PLC (AIM:MCL) shares slumped 65% to 14.5p after its chief executive, Paul Smith, resigned as things turned messy at the doorstep lender.
The group issued a profit warning after it said the cost base of its HCC division has been affected in recent days by a rapid increase in claim volumes submitted via claims management companies.
Happily, for the now-departed Smith, he sold 464,119 shares in the company last Thursday at 42.65p.
#MCL ~ Morses Club PLC (AIM:MCL) have issued a profit warning & announced CEO Paul Smith leaving with immediate effect … BUT I was astonished that he managed to dump his shareholding on Friday when this material info yet to be released to the market???????
My commiserations to any holders pic.twitter.com/v8AMX48UTN
— Glasshalfull (@Glasshalfull1) February 21, 2022
9.05am: iEnergizer gains on positive trading update
iEnergizer Limited gained 6.1% at 384p following a positive trading update released today.
The technology services and media solutions company told investors it is “witnessing strong growth across all its verticals.”
It said that this organic growth, coupled with new contract wins means the company expects to announce a record year, and one significantly above last year’s report.