Galliford Try Holdings PLC (LSE:GFRD) is “undervalued every which way”, that’s according to Liberum Securities analyst Joe Brent.
Liberum in a note on Monday repeated its ‘buy’ recommendation which comes with a 270p price target, compared to a market price of 154.15p.
FinnCap analyst Jonathan Wright has upgraded his targets for iodine and specialty chemical manufacturer Iofina PLC (AIM:IOF, OTC:IOFNF) following what he described as solid interim results, released this morning.
Iofina trades at a discount according Wright’s target which is pitched at 33p per share, versus the current market price of 22.17p.
WH Ireland’s oil and gas analyst Brendan Long has today highlighted what he sees major upside for Pantheon Resources PLC (AIM:PANR, OTC:PTHRF), after the explorer this morning updated on progress with the Alkaid #2 horizontal well in Alaska.
Pantheon told investors that it has now completed a programme of well stimulation and a workover rig now en route to prepare the well for a pivotal flow test.
Iofina PLC (AIM:IOF, OTC:IOFNF), the iodine exploration and production company, reported an increase in underlying earnings (EBITDA) and remains on track to meet full-year expectations.
EBITDA increased 6% to US$3.7mln in six months to 30 June 2022, although revenue was down 4% to US$19.2mln, with the group putting this down to an exceptional performance last year where it was able to sell excess inventory built up during the Covid-19 pandemic.
ATOME Energy PLC (AIM:ATOM) has set out an ambitious list of targets for the next six months as it moves forward with its green ammonia and hydrogen projects in Paraguay.
Notably, the AIM-listed group is targeting extended power purchase agreements in Paraguay, site clearance at Villeta and the start of electromechanical works and receipt of the design and engineering study ahead of a final investment decision.
Cellular Goods PLC (LSE:CBX) told investors it has signed a letter of intent for the potential acquisition of Cannaray Brands Ltd & Love CBD Health Ltd, which if completed will constitute a reverse takeover.
It envisages a transaction worth £14.2mln, of which £1mln would be paid in cash, and would result in the seller, Cannaray Limited, holding a 54% shareholding in the enlarged company (rising to 61% if a £5mln year-one revenue target is achieved).
Emmerson PLC (AIM:EML, OTC:EMSNF) has agreed with Global Sustainable Minerals Pte Ltd and Gold Quay Capital Pte Ltd to extend the commitment period for the previously announced US$40mln convertible loan note subscription out to 30 September 2023, providing continued cornerstone financing support for the development of the Khemisset potash project in Morocco.
Separately, the company also announced a retail offer of shares via REX, the proprietary technology platform owned by Peel Hunt, and a subscription for US$6mln with GSM at 6p per share.
Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) said it completed stimulation of the Alkaid #2 horizontal well in Alaska with a workover rig now en route ahead of flow testing.
The rig will install production tubing prior to commencing flow testing operations.
Avation PLC (LSE:AVAP) confirmed it will publish its results for the financial year ended 30 June 2022 at 7am on 29 September 2022.
Ondo InsurTech PLC (LSE:ONDO), in a short note, announced that it will be changing its accounting reference date and financial year end from 28 February to 31 March.
Bango PLC (AIM:BGO, OTCQX:BGOPF) announced it is to host a technology and market strategy session for investors and analysts at 2.30pm on 24 November in Farringdon, London.