MrC's Smallcap Sweeps for June 2024

[MrContrarian]

Smallcap Sweep. 03-Jun-24
Disorganised crime

Infrastructure India (IIP) proposes to delist to ease the realisation of assets. With a 99.9%+ value destruction, its work on AIM is done. [SP=0.1 Cap=m]
Hostmore (MORE) AGM stmt - rev in 20 weeks ended 18 May down 10% but EBITDA up £3.3m. In line? [SP=16 Cap=21m]
WH Ireland (WHI) sells Capital Markets Division to Zeus For £5m max. Only £1 now, rest contingent. Outlook - "improving market conditions, the benefits of the cost reduction programme and the sale of the Capital Markets Division announced today will, should the recent market improvements continue, enhance the prospects for the WH Ireland Wealth Management Division". [SP=4.2 Cap=9m]
The Property Franchise Group (TPFG) £20m acquisition, immediately earnings enhancing. [SP=400 Cap=252m]
Franchise Brands (FRAN) guides FY-Dec adj EBITDA at the top end of market expectations of £29.3m to £30.1m. FY accounts delayed due to regulatory technicality following a takover. [SP=190 Cap=367m]
Fadel Partners (FADL) wins c$1.5m 3 year contract and a $0.2m contract . [SP=140 Cap=28m]
Marlowe (MRL) confirms timetable for £150m special div resulting from sale of division. [SP=558 Cap=540m]
hVIVO (HVO) wins £2.5m contract for world's first Omicron BA.5 (Covid) challenge model. [SP=26.6 Cap=181m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 04-Jun-24
Fool injectioned performance

Mission (TMG) Brave Bison's revised offer (equivalent to 35p) undervalues Mission but it is evaluating it. [SP=24.8 Cap=23m]
Checkit (CKT) makes possible all-share offer for Crimson Tide worth 182p. [SP=24.6 Cap=27m]
Deltex Medical (DEMG) new TrueVue System selected by NHS Supply Chain as a pre-approved device that can be purchased by NHS hospitals. [SP=0.12 Cap=2m]
Plant Health Care (PHC) a range of new crops approved for foliar applications of Employ in California BY Wilbur-Ellis, one of the largest U.S. retailers of agricultural products. [SP=6.25 Cap=21m]
Quantum Blockchain Technologies (QBT) receives the €700k First Sipiem Settlement. Pays €170k to the Receiver. [SP=0.95 Cap=13m]

In line: SNX, ELCO, VLG, GHH
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 05-Jun-24
Crash runway

Angle (AGL) £8.5m placing + £2m OO at 15p, a 17% discount, for its commercialisation plan and working cap. In April 2023 it said the cash runway ran into H2 2024. Well I suppose it did, only to need another placing. Fundraise has allowed it to publish FY-Dec. Guides H1-June rev £1-1.3m. [SP=18 Cap=47m]
Roadside Real Estate (ROAD) its Cambridge Sleep Sciences division gets second purchase order from Mammoth giving £100k royalties. [SP=11.9 Cap=17m]
Insig AI (INSG) £0.8m subscription at 12.5p, a 2% discount, for sales and marketing and working cap. [SP=12.92 Cap=14m]
Churchill China (CHH) AGM stmt - "trading remains broadly in line with management's expectations. Productivity and yield continue to improve." FY exp unchanged. [SP=1166 Cap=128m]
STV (STVG) guides H1 Total Advertising Revenue up 10-12%, driven by Euro 2024. Co "remains on track to deliver its ambitious growth plans out to 2026". [SP=283 Cap=132m]

In line: RFX, RTC
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 07-Jun-24
Smallcaps weep

Caffyns (CFYN) FY-Mar rev up 4%. U/L pretax -£566k (+£3.1m). FY div 7.5p (22.5p). Outlook - trading has remained challenging. Some manufacturers continuing their transition to new agency arrangements which may result in some short-term disruption to the market. EV demand weak. [SP=546 Cap=15m]
SRT Marine Systems (SRT) warns FY-June rev £14m lower than expected due to contract completion administrative processes. Co "in a positive position to weather the project delays". [SP=18.2 Cap=41m]
Physiomics (PYC) wins £162k five month contract for its Virtual Tumour technology. [SP=1.35 Cap=2m]
The Property Franchise Group (TPFG) AGM stmt - momentum has continued to build. "Our longstanding businesses have traded in line with our growth objectives." [SP=442.22 Cap=276m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 10-Jun-24
Smoking ruin

Chill Brands (CHLL) update on this car crash. Sacked CCO Antonio Russo has transferred chill.com to himself. Also $400k transferred from US subsidiary to Russo and ex COO Trevor Taylor. "We are totally shocked by the extent of destructive behaviour and actions of Mr Taylor and Mr Russo." [SP=2.15 Cap=11m]
Woodbois (WBI) now expects to get FY-Dec results out this month. [SP=0.54 Cap=22m]
Arecor Therapeutics (AREC) needs new funds sooner, in Q3 2024 due to higher working cap. Guides FY24 rev in line with market expectations,. [SP=155 Cap=49m]
Partway (PTY) has not found an RTO candidate and proposes de-listing. Will return capital to holders. [SP=0.75 Cap=1m]

In line: MEGP
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 11-Jun-24
Don't cry for me, Stockopedia

Directa Plus (DCTA) £6.8m placing at 18p, a 9% discount, for Setcar acquisition, capex and capital for growth. [SP=20 Cap=13m]
Novacyt (NCYT) settles case with Gov't, pays £5m, a fraction of the claim for faulty tests. [SP=69.21 Cap=58m]
Cordel (CRDL) gets its I-powered Gauging File Production certified by Network Rail. The tech captures data from trains running at full speed in passenger service. [SP=4.34 Cap=9m]
Raspberry Pi (RPI) lists today after IPO at 280p, a £540m cap. [SP=NA Cap=NA]

In line: CRU, IDOX, OMG
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 12-Jun-24
Soft upholstery

DFS Furniture (DFS) warns FY-June rev c. £1bn and adj pretax only £10-12m. Blames weak mkt, Red Sea delays. Demand in the upholstery sector down 10%. Q4 order intake was up over 9%, in line. [SP=112.6 Cap=264m]
Belluscura (BELL) to raise up to £2.4m with converts. Terms yet to be agreed! Trading - sales of X-PLOR portable oxygen concentrator in the US $820k in Mar-May [SP=11 Cap=18m]
Equals (EQLS) Madison Dearborn Partners pulls out of bid talks. PUSU extended for the eighth time, to 10 July. [SP=120.65 Cap=226m]
Woodbois (WBI) has restructured its Gabon Operation, cutting costs etc. [SP=0.54 Cap=21m]
HSS Hire (HSS) loses Amey as a customer from Dec. It accounted for c.7% of rev and 10% of adj EBITA in 2023. [SP=8.4 Cap=60m]
Checkit (CKT) expansion with Octaphama Plasma worth c.£718k over 3 years. [SP=22.2 Cap=24m]
Frontier Developments (FDEV) guides FY-May ahead of exp with rev c.£89m and adj EBITDA positive. Guides FY25 in line. [SP=277 Cap=109m]
Genflow Biosciences (GENF) gets €396k grant. [SP=3 Cap=10m]
Proton Motor Power Systems (PPS) wins first follow-up order from H2tec. £££. [SP=2.18 Cap=36m]
Dillistone (DSG) AGM stmt - trading is marginally ahead of management expectations for H1 but mkt has softened further in Q2. [SP=9.5 Cap=2m]
Image Scan (IGE) wins £350k+ order for delivery in H2 FY24. [SP=1.52 Cap=2m]
Castings (CGS) FY-Mar rev up 11% and pretax £21.3m (£16.7m). In line? Outlook - "Our heavy truck customers are suggesting that the current lower levels of demand are likely to continue in the short-term with the potential for a slight increase in the autumn". [SP=370 Cap=161m]

In line: RWS
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 13-Jun-24
Election de-rails Tracsis

Tracsis (TRCS) warns FY-July rev only £80-82m vs F/C £85.2m. Adj EBITDA also hit. Blames early election causing rescheduling of certain projects and a short-term contraction of new order activity. Also US orders have slipped into FY25. Expects FY25 in line. [SP=891.5 Cap=276m]
Physiomics (PYC) wins £186m contract to be completed in cal 2024. [SP=1.23 Cap=2m]
Origin Enterprises (OGN) warns FY-June adj EPS 45-48 cents. Blames wet weather. [SP=3.06 Cap=329m]
Palace Capital (PCA) 250p tender offer. [SP=225 Cap=85m]
PensionBee (PBEE) AuM hits £5bn. [SP=153.5 Cap=345m]
Galliford Try (GFRD) wins £69m contract to build a school. [SP=234 Cap=240m]

In line: DIA, NWF, CTG, NXR
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 14-Jun-24
A dog with two fails

RegTech Open Project (RTOP) to the surprise of the gullible everywhere, Zamboni stalling again on payment. $1.5m won't be paid today. [SP=4.5 Cap=3m]
Aptamer (APTA) partnership with Microsaic Systems for Optimer-enabled water monitoring. [SP=0.72 Cap=3m]
CPP (CPP) sells legacy operations in Italy for €0.5m. [SP=169.16 Cap=15m]
Global Ports Holding (GPH) guides FY-Mar rev down 9% and adj EBITDA up 47%. CO has started the 2024 cruise season strongly. [SP=263 Cap=201m]
Keywords Studios (KWS) PUSU offer deadline extended to 28 June. [SP=2149.97 Cap=1716m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 17-Jun-24
Black REIT of the family

Home REIT (HOME) fails to re-finance debt facility so will pay it off with property sales. [SP=38.05 Cap=301m]
Acuity RM (ACRM) £1m placing at 3.5p, a 9% discount, for investment and expansion of the sales team, and increase marketing activities and new product development. [SP=3.71 Cap=5m]
Hemogenyx Pharmaceuticals (HEMO) update on projects. Pursuing non-dilutive funding. [SP=1.43 Cap=19m]
Invinity Energy Systems (IES) makes a 4 MWh sale to California PV. No $$$ but was included as part of the Base category pipeline. [SP=20.67 Cap=91m]
Aptitude Software (APTD) wins £0.6m 3 year contract. [SP=364 Cap=208m]
Nuformix (NFX) get EU patent for "NXP002 drug forms as a potential novel IPF treatment". [SP=0.19 Cap=2m]

In line: TMG, SOM, ASCL
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 18-Jun-24
A guffaw unto themselves

Surface Transforms (SCE) accounts are a grind as FY-Dec results delayed to late June due to matters resulting in write-downs and delayed rev recognition. Expects c.£9.2m impairments and £2m rev from FY23 and earlier recognised in future years. [SP=NA Cap=NA]
Crossword Cybersecurity (CCS) partnership to jointly market Rizikon supply chain cyber platform. [SP=NA Cap=NA]
XP Power (XPP) Advanced Energy will not make an offer. Blames XPP for not engaging. [SP=NA Cap=NA]
SkinBioTherapeutics (STBX) positive results in AxisBiotix Acne food supplement tests. [SP=NA Cap=NA]
Destiny Pharma (DEST) positive efficacy data on XF-70 in an in vivo model of ringworm. [SP=NA Cap=NA]
PipeHawk (PIP) partnership with Unipart Rail has further expanded beyond the distribution of subsidiary TED's standard products. Expects rev from this to be c.£0.5m in FY-June. [SP=NA Cap=NA]
Synectics (SNX) wins $10m contract for completion by end FY No 2025. [SP=NA Cap=NA]
AFC Energy (AFC) delivered its highest power rated 200kW H-Power Generator to date. [SP=NA Cap=NA]
Cordel (CRDL) wins first contract win in the Middle East, worth £370k. [SP=NA Cap=NA]
DCI Advisors (DCI) FY-Dec audit delayed to 9 Aug or later. Blames KPMG for not even starting until 4 June (or perhaps later). Shares will be suspended from 1 July. [SP=NA Cap=NA]
Quantum Blockchain Technologies (QBT) Sipem's appeal rejects except for reduction of liability for one of the former directors by €105k, reducing the total damage award to c.€6.1m. [SP=NA Cap=NA]

In line: SAG
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 19-Jun-24
Winners and binners

Likewise (LIKE) AGM stmt - H1-June rev up 8.5%. "Whilst market conditions remain challenging, the Group is confident in further overall Sales increases in the traditionally busier H2." [SP=14 Cap=34m]
Games Workshop (GAW) guides FY-June core rev up 10% and pretax £200m+, up 17%+. [SP=9435 Cap=3109m]
Sanderson Design (SDG) hives off its smaller (Abaris) pension scheme for a £2.3m payment. CO will still pay £700k PA admin and advisory costs. The scheme has 119 members so that's £6k PA each in overheads! [SP=102.75 Cap=74m]
Avingtrans (AVG) guides FY-Mar rev in line and adj EBITDA £13-14m, materially ahead of market expectations of £10m. This is partly due to some costs being delayed into FY25. [SP=385 Cap=127m]
HC Slingsby (SLNG) AGM stmt - Jan-May rev down 4%, better than Q1's 5% but April 2023 was a weak comparative. May rev down 12%. Pretax loss £0.22m. Blames customers reducing or deferring spending following cost increases and uncertainty caused by the General Election. Outlook cautious. [SP=300 Cap=3m]
Light Science Technologies (LST) wins £750k+ order to be book this FY. [SP=2.58 Cap=9m]
IXICO (IXI) wins £1m+ five year trial contract. [SP=6.45 Cap=3m]
Microsaic Systems (MSYS) FY accounts delayed to as late as end July Shares will be suspended on 1 July. [SP=1.15 Cap=2m]
Victoria (VCP) FY-Mar in line. Outlook cautious. [SP=172 Cap=195m]

In line: MAI, BBSN, LPA, SDY, APH
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 20-Jun-24
Crash register

Active Energy (AEG) if offer for Coalswitch assets not concluded co will propose de-listing and a members' voluntary liquidation. Also FY audit will be late and shares will be suspended on 1 July. [SP=0.2 Cap=m]
LSL Property Services (LSL) AGM stmt - outlook for FY in line and potentially slightly better than our updated expectations [SP=316 Cap=328m]
Filtronic (FTC) guides FY-May rev £25.4m and adj EBITDA £4.8m, both ahead of market expectations. [SP=70.2 Cap=153m]
Alpha Financial Markets (AFM) confirms bid leaked yesterday. Rec offer of 505p.a 29% premium to the pre-leak price. [SP=478.5 Cap=548m]
Franchise Brand (FRAN) FY-Dec. Cautions on FY24 due to softening demand and the change in the accounting treatment of sale of franchise territories income. FD scarpers after only 9 months; he is not thanked. [SP=168.4 Cap=326m]
NCC (NCC) guides FY-May adj op profit c.£31m, ahead of F/C of £29.7m. [SP=143.8 Cap=451m]

In line: FUM, ANG, LORD, KETL
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 24-Jun-24
Pride comes before a crawl

SIG (SHI) warns FY-Dec24 U/L op profit only £20m-£30m cf F/C £41.1m due to continued subdued trading. [SP=27.35 Cap=323m]
R&Q Insurance (RQIH) sells Inceptum for £11.25m. Also filed application to appoint Joint Provisional Liquidators as expected. [SP=0.1 Cap=m]
Belluscura (BELL) £300k subscription at 15p, an 8% discount, to keep the lights on. [SP=15 Cap=25m]
Supreme (SUP) buys the parent company of Clearly Drinks Limited for £15m. Immediately earnings enhancing. [SP=137.5 Cap=160m]
Aptamer (APTA) wins contracts worth £235k. [SP=0.72 Cap=3m]
Woodbois (WBI) has entered into a $5m trade finance facility, as mooted. 9.5% PA. [SP=0.45 Cap=18m]
TPXimpact (TPX) maturity of the RCF by one year to July 2026, but reduced to £30m from £35m due to a significant improvement in the debt position. [SP=41 Cap=39m]

In line: TBLD, DWHT
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 25-Jun-24
The Exit Factor

Funding Circle (FCH) agrees to sell co's US business for £33m including all loan portfolios. [SP=85 Cap=298m]
Trakm8 (TRAK) new contract and a contract extension with Iceland Foods. No £££. [SP=7.5 Cap=4m]
Chapel Down (CDGP) strategic review of the options to fund its plan to continue driving strong and profitable growth. Includes possible sale of co. [SP=66 Cap=113m]
Orchard Funding (ORCH) guides FY earnings (pretax?) more than 20% above F/C. [SP=27.23 Cap=6m]
Proton Motor Power Systems (PPS) wins follow-up order from from DB Bahnbau Gruppe. No £££. [SP=2.17 Cap=36m]
Pressure Technologies (PRES) H1-Mar. Outlook - CSC weak but PMC OK. Guides FY adj EBITDA over £1m. Not clear if this is a warning. [SP=39 Cap=15m]

In line: VTU, SAGA, ANP, AURR, G4M, WYN
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 26-Jun-24
Shelling out for nuts

Inspiration Healthcare (IHC) £2.4m placing and £0.5m retail offer at 14p, a punch in the gob 43% discount, to keep the lights on. Also FY-Jan. Outlook in line. [SP=24.33 Cap=17m]
Tribe Technology (TRYB) undercapitalised tinpot startup makes £0.8m placing and sub at 4.5p, a 22% discount, to keep the lights on. Buyers get 2/1 warrants at 5.4p. Also £0.6m convert issue . [SP=5.1 Cap=13m]
Learning Technologies (LTG) sells VectorVMS for $50m. In FY23 Vector generated revenue and Adjusted EBIT of $11.4m and $7.1m resp. [SP=82.5 Cap=653m]
Seeing Machines (SEE) gets $16.5m payment as part of five year license renewal with Caterpillar. Trading: guides FY24 rev at least at market expectations but a 'cash EBITDA' miss. Blames "aftermarket margin mix due to the slower than expected transition from Guardian Generation 2 to Generation 3 and the previously reported adverse Automotive royalty volumes and mix". Co still has funds to meet biz plan. [SP=4.72 Cap=196m]
Intercede (IGP) partnership with Carahsoft Technology Corp to Make Digital Identity Cybersecurity Solutions available to the Public Sector in the US. [SP=125.2 Cap=73m]
Warpaint London (W7L) AGM stmt - guides H1-June rev c.£46m (up 25%) and margins up. In line? [SP=580 Cap=450m]
Spiritus Mundi (SPMU) H1-Mar. Material uncertainty going concern stmt. [SP=4 Cap=2m]
Triad (TRD) FY-Mar. Outlook very bullish. [SP=292.8 Cap=49m]
Crimson Tide (TIDE) Checkit pulls out of bidding war. [SP=252.56 Cap=17m]
Checkit (CKT) won't make an offer for Crimson Tide. [SP=23.96 Cap=26m]

In line: AVCT, HSS, PZC, TND, PROC
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 27-Jun-24
The University of Strife

Sanderson Design (SDG) warns FY-Jan25 U/L pretax .£8m, below expectations, due to weak UK demand. First 22 weeks total brand product sales down 9% with UK down 14%. Planning cost cutting. [SP=102.25 Cap=73m]
NAHL (NAH) warns FY24 rev and profit significantly lower than expected. ""NAH had been forecasting a return to normalised levels of volume, cost and panel demand through June and July, however, recent results and additional external data are suggesting that this recovery will be slower and costs will remain higher for a longer period." [SP=64.68 Cap=31m]
PCI-PAL (PCIP) settles what looked like vexatious patent litigation in UK & US. Details confidential. It has already won resoundingly in UK. [SP=54.39 Cap=40m]
Wilmington (WIL) sells UK Healthcare Business for £21.3m plus up to £5.1m earn out. Only £4.8m cash paid with the rest in secured loan notes. Biz had FY23 pretax of £2.5m. [SP=380.5 Cap=341m]
TruFin (TRU) wins 'significant' multi-year contract with a global technology platform for one of its games. No £££. [SP=81.43 Cap=86m]
Made Tech (MADE) guides FY-May rev c.£38.5m, in line, and adj EBITDA c.£2.3m, slightly ahead of consensus. Guides FY25 in line. [SP=NA Cap=NA]
CyanConnode (CYAN) certified in India to deploy Cellular technology as an Advanced Metering Infrastructure Service Provider. This complements the Omnimesh RF Network certification and enables broader participation in the national smart meter rollout. [SP=7.97 Cap=24m]
Quiz (QUIZ) Apr-May rev £13.8m, down 11%, consistent with expectations. International sales doing well but "UK online traffic has been more severely impacted by the challenging environment and pressures on customers." So is it a warning or not? Making 'trading initiatives' including "leveraging off the newly introduced omni-channel system". Ugh. [SP=5.75 Cap=7m]
Hansard Global (HSD) Distribution Agreement with Guardian Japan Kabushiki Kaisha. [SP=45.14 Cap=62m]
Checkit (CKT) HMRC agrees that £1.2m VAT input VAT recovery was allowed. [SP=23.7 Cap=26m]
Time Finance (TIME) guides FY-May rev £33m and pretax £5.8m, both ahead of market expectations. Cites "growth in both the Invoice Finance division and the 'Hard Asset' subset of the wider Asset division". [SP=37.9 Cap=34m]
Various Eateries (VARE) H1-Mar. Outlook sounds in line. [SP=19.6 Cap=34m]

In line: NFG
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian

[MrContrarian]

Smallcap Sweep. 28-Jun-24
Between a crock and a mad case

Nightcap (NGHT) proposed delisting due to low SP. Warns FY-June rev in line but adj EBITDA below market expectations blaming a sack of slings and arrows plus the costs of delisting. Er, that's only just been proposed. What crock. [SP=3.2 Cap=8m]
musicMagpie (MMAG) H1-May. Uses 'second-use' as a new and incorrect euphemism for secondhand. Outlook "remains confident in the strategy of unlocking inventory in people's homes". Like burglary then? [SP=7.44 Cap=8m]
i(x) Net Zero (IX.) proposes delisting after only 30 months. Blames SP below NAV, and liquidity. [SP=16.2 Cap=14m]
Renalytix (RENX) gets stay of Nasdaq delisting. Will present plan to get SP above $1 again. [SP=12 Cap=26m]
Tyman (TYMN) revised rec offer - adds 15p special div. [SP=351.79 Cap=691m]
Science in Sport (SIS) guides H1-June rev down 27% but U/L EBITDA c.£2m up 77%. Blames rev drop on "shift in sales towards a royalty based model in certain export regions as well as a conscious step back from marginal revenue channels". Guides FY rev down but thereafter "sustained revenue growth via effective marketing and strong commercial execution." [SP=18.58 Cap=34m]
Proton Motor Power Systems (PPS) another loan, €12m, from Falih Nahab, a large shareholder. [SP=2.19 Cap=36m]
Ethernity Networks (ENET) wins $1.05m contract with majority of delivery expected during H2 2024. [SP=0.9 Cap=4m]
Home REIT (HOME) FY22 accounts delayed to August because the auditor needs more time. [SP=38.05 Cap=301m]
Surface Transforms (SCE) FY-Dec. Warns FY24, 25 will be at the lower end of range in last month's fundraise. [SP=1.55 Cap=20m]
Guild Esports (GILD) H1-Mar. Outlook - cost cuts, cautiously optimistic. Material uncertainty going concern stmt. [SP=0.32 Cap=3m]
Catenai (CTAI) FY-Dec. Material uncertainty going concern stmt. [SP=0.26 Cap=1m]

In line: DEVO, MIRI, SYM, THRU
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian