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Proactive news round-up: Futura Medical , Gfinity, Sound Energy ...

A glance at some of the stories on the Proactive newswire today
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Today's Proactive wire stories

Futura Medical PLC (LON:FUM) said CSD500, its erectogenic condom, is now on sale in Saudi Arabia under the brand name Futura Max Manex Super. The condoms are designed to help men maintain an erection and maximise penile size is now on sale in Saudi Arabia under the brand name Futura Max Manex Super.

Gfinity Plc (LON:GFIN) told investors it has been selected by Activision Blizzard (NASDAQ: ATVI) to organise and run high profile eSports events in London. Activision has contracted Gfinity for two events, to take place in 2017, which will be part of the Call of Duty World League which is being presented by Sony Playstation.

Drilling on Sound Energy PLC’s (LON:SOU) Badile well in Italy will begin in March, the company confirmed on Thursday. Much of the preparation such as ground work has already been done, while the conductor pipe at the top of the drill hole has been set.

Hotel developer Action Hotels PLC (LON:AHCG) is going up in the world down under. The largest hotel in its portfolio - the 367-room ibis Styles in Brisbane - opened in March last year, has received a 4-star rating from Star Ratings Australia.

Food industry veteran Per Rehné is to join the board of OptioBiotix Health PLC (LON:OPTI) as commercial director. Rehné will replace Jim Laird, who is leaving by mutual agreement.

Productivity software specialist BOS GLOBAL HOLDINGS Ltd (LON:BOS) has completed the sale of its Hostisme intellectual property, which it regards as a non-core asset. Hostisme is BOS’s hospitality software prototype, and although it has sold the intellectual property, it will retain an interest in its future development in a number of ways.

Resource investor Metal Tiger PLC (LON:MTR) has hired a mining and City specialist as its technical director to help with key decisions on its projects. Alastair Middleton, 51, has over 27 years' international experience, in both underground and open pit operations and brings with him considerable technical and financial knowledge.

IronRidge Resources Limited (LON: IRR) is increasing its gold footprint in the Ivory Coast with an earn-in deal that provides it access to three “highly prospective” licences. They cover 1,200-square kilometres, adding to the 2,310-square kilometre land package the firm is currently sitting on.

Building products firm SigmaRoc PLC (LON:SRC) has today started trading in London following its reverse takeover in which the cash-shell picked up Ronez, formerly a LafargeHolcim unit.

Shares in Plexus Holdings PLC (LON:POS) gushed higher after it was awarded another oil well equipment contract in Oman worth US$285,000 with revenues expected to start this month. The deal is for a second well from Masirah Oil Ltd, a British Virgin Islands based company, which is majority owned by REX International Holdings Limited

Gem International Resources Inc (CVE:GI) holds a significant land position in Angola, one of the most prolific diamond producing companies in the world. Gem’s ground at Dala, in the Lunda Sul province in the north east of the country, is prospective both for alluvial stones and for kimberlites, the source rock for diamonds.

Fastjet PLC (LON:FJET) is raising capital, selling new stock to another African aviation group as well as seeking funds from investors. Solenta, a Johannesburg based commercial aviator, is to become a 28% shareholder in Fastjet with a US$19.2mln equity arrangement and it has contracted the AIM quoted group for services.

Arden Partners has a ‘buy’ recommendation for North Sea exploration junior Jersey Oil & Gas PLC (LON:JOG) ahead of a summer well. The well, which will test the 113mln barrel Verbier prospect, will be funded by partner Statoil and Jersey retains an 18% stake in the asset.

Recent rallies mean most oil and gas companies are now trading close to fair value, according to Macquarie, but the broker still tips Hurricane Energy PLC (LON:HUR) and EnQuest PLC (LON:ENQ) for share price success in 2017.

Berenberg has upgraded its numbers and upped its price target for Breedon Group PLC (LON:BREE) following the increase in guidance given by the aggregates company. The new price target is 85p, up from 80p. Breedon’s shares currently trade at 71.5p.


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