Amte Power PLC made a late (unsuccessful) bid to become London’s best performer with the announcement of a partnership with Sprint Power and Eltrium.
The developer and manufacturer of lithium-ion and sodium-ion battery cells will work with Sprint Power and Eltrium to accelerate the development of next-generation battery technologies to meet the growing and complex needs of the electric vehicle (EV) market.
The shares were up 22% at 106p, making them the second-best performers in London.
3.30pm: Mosman narrows loss
Mosman Oil and Gas Limited advanced 12% to 0.14p after well-received half-year results.
Revenue in the six months to the end of December 2021 rose 79% to A$745,790 from A$383,138 in the first half of the year.
The net loss narrowed to A$498,940 from a first-half loss of A$708,822.
2.35pm: URU Metals sinks after drilling update
URU Metals Limited, down 23% at 344.5p, was the worst performer in London after drilling results from the Zeb Project, located in Limpopo, South Africa.
URU sold the project in August 2021 to ZEB Nickel, in which is owns a 74.82% interest, so clearly, events at the project will have an impact on sentiment towards the AIM-listed company.
ZEB nickel said a new high-grade gold was discovered at the project, with positive assay results from the remaining five holes in its recently completed Phase 2 drilling programme. These assays have confirmed both the grade and continuity of the nickel mineralisation.
1.40pm: Warpaint London scrubs up well in the first quarter
Warpaint London PLC (AIM:W7L) scrubbed up well after a trading update, with the shares jumping 11% to 138.5p.
The specialist supplier of colour cosmetics said group sales in the first quarter of 2022 were roughly 60% ahead of the same period of last year.
Gross product margin has also improved year-on-year, despite increased costs in the supply chain, particularly in respect of freight.
12.45pm: Diploma trading ahead of expectations
Diploma PLC (LSE:DPLM) was not quite top of the class but doing pretty well, up 8.8% at 2,732p after it said it is trading ahead of expectations.
The seals, controls and life sciences firm said it has enjoyed double-digit percentage underlying growth in the second quarter of its financial year, consistent with the first quarter, although growth is expected to moderate in the second half of the year.
Factoring in recent acquisitions, the company expects to achieve revenue growth of just over 20% this year while the operating margin is tipped to be at the top end of the 18-19% guidance range.
11.50am: Bluebird Merchant Ventures lifted by funding package
The bluebird of happiness visited shareholders of Bluebird Merchant Ventures Ltd (LSE:BMV) this morning as the company announced a funding package.
The shares rose 18% to 2.3p after the Korean focused gold development group secured an additional comprehensive funding package with a professional UK investment company specialising in financing mining and small cap entities listed in the UK.
The funding package comprises an initial debt tranche of US$500,000 payable in two equal tranches in April and May 2022 to catalyse operations on the ground and an option to subscribe for a further 100m shares at a floor price of 2 pence per share over the next twelve months.
10.55am: Feedback receives double Bleepa boost
Feedback PLC (AIM:FDBK) was 8% heavier at 0.729p after winning two more NHS contracts, worth £200,000, for its Bleepa app.
One contract was awarded following a successful pilot and two years of co-development work, which the company said represented the “first full-cycle realisation of its pilot-to-contract business model”.
The second represents a contract renewal following the success of an initial one-year contract, at a higher value than the initial contract.
10.00am: Hornby set to post really useful profits for second year in a row
Hornby PLC (LSE:HRN) chugged 3.0% higher at 34p after the models and collectibles group said group sales in the first quarter of 2022 were very encouraging.
The first three months of the calendar year form the final quarter of Hornby’s financial year and the group was able to confirm it will make a profit in the year just ended for the second year in a row.
Managing supply chains continues to be challenging with extended shipping times from its partner factories and disruptions in UK deliveries into its warehouse due to a lack of drivers and fuel. Electronic components availability and lead times have also affected its ability to increase sales as much as the company could’ve done.
9.05am: Microlise confident of meeting market expectations this year; Keras rocking at Diamond Creek
Microlise Group PLC (AIM:SAAS) climbed 165 to 140p after its first set of results as a listed company hit the spot.
The provider of transport management software to fleet operators released results for the 18 months ended 31 December 2021 but helpfully also released numbers that covered 2021 alone, and these showed a 17% increase in revenue, a 9% uplift in recurring revenue and a 24% rise in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA).
The board said it is confident of delivering a performance for the full year in line with current market expectations, given a strong start to trading in the first quarter.
Keras Resources PLC jumped 12% to 0.1p after an operational update on the Diamond Creek organic phosphate mine in Utah, USA.
Management recently hosted the annual inspection and site visit from the Utah State mining and environmental departments and received all ongoing approvals in line with the project's licence obligations.
The Keras team will now commence the annual rehabilitation on the access roads and start trucking the 5,200 tons or so of run-of-mine phosphate rock remaining at the lay-down area from last year's mining campaign to the Spanish Fork processing facility. An additional 1,500 tons of blasted ore will similarly be excavated and hauled from the pit to Spanish Fork during the early summer months.