The developer of Internet gaming software crowed that its Simulated Gaming service for US casino operators won the award for 'Best B2B Social Slot Company' at the Eilers & Krejcik Gaming LLC Industry event held on Thursday February 28, 2019 in The Bellagio Hotel and Casino, Las Vegas, Nevada.
The shares are down 4.9% ...
2.15pm: War of word between Gulf Marine and disgruntled stakeholders heats up
The GMS board believes that the Seafox statement contains numerous inaccuracies, displays a lack of understanding of GMS's business and contains nothing to suggest that the people Seafox wants added to the board would be additive to the company's governance.
READ Seafox International’s attack on GMS
The GMS board’s view is that Seafox’s call for a general meeting – and a similar request by another miffed shareholder, Ithmar Capital Partners – has caused unnecessary expense, uncertainty and disruption to the operations of the business at a critical time.
Shares in GMS were down 6.0% at 17.2p.
1.30pm: Boxhill on the comeback trail after a period of uncertainty
The company said it is making progress with its lottery and scratch card initiatives while Market Access, the group’s payment and foreign exchange business had seen a pick-up in business since the company published its results at the end of January and announced senior management changes.
"The board is very encouraged by progress across the business and the benefit of the trading in the company's shares returning from suspension is clear,” declared Graeme Paton, the new chief executive officer.
“We will continue to keep a close eye on costs, especially as the audit and related costs following the difficulties of 2H2018 were material. We will provide further updates as they become necessary but we are delighted by the increase in activity over the last few weeks," he added.
The shares were up 10%.
12.45pm: Chesterfield Resources increases its commitment to Cyprus
Minerals exploration firm Chesterfield Resources PLC has almost quadrupled its bet on Cyprus.
The shares rose 14.3% to 4p as the company revealed it had completed the filing of applications over a further 182.96 km2 of mineral exploration licences, taking its entire area of licences granted or under application to 237.61 km2.
All of the company's applications and permits are focused on the volcanic belt surrounding the Troodos mountain range and include numerous identified brownfield targets, waste dumps, as well as prospective greenfield areas.
The company said it had £1,728,000 in cash at the beginning of March, which is enough to fund its 2019 exploration programme.
Noon: Proton Power on the slide
Shares in the designer, developer and producer of fuel cells and fuel cell electric hybrid systems currently trade at 7.75p, down 7.5%, and closed last Friday with a mid-market price of 8.325p.
The bid-offer spread is typically half a penny so the price at which the shares were being offered in the market last Friday was probably 8.825p, a shade above the price at which the options were exercised.
A year ago the shares were trading at 5p.
11.15am: Profit-taking at Abcam as interims largely confirm January's trading update
The shares have been on a good run this year, rising from 1,056p at the end of 2018 to 1,340p on Friday but fell back 10.4% to 1,201p after the interims failed to wow the market.
Broker Peel Hunt said the numbers were in line with its own forecasts and with the company’s January trading update.
“Encouragingly, catalogue revenue is growing well (10.5% CER[constant exchange rates]), with recombinant antibodies the standout performer (c26% CER). We see any weakness at all today – consensus holds 36% FY19 EBITDA margin (vs c35% FY19 guidance today) and 12% revenue growth (despite ABC guidance) – as a buying opportunity for this high-quality story,” the broker said, as it stuck with its 1,330p target price.
10.30am: Tandem Group puts the pedal down
The shares rose by more than a third as the Dawes bikes maker said it has made a strong start to 2019, principally driven by the MV Sports & Leisure business where the forward order book is considerably ahead of the same time last year.
“Whilst we are mindful of macro-economic uncertainties, we expect to achieve significant turnover growth and we continue to be extremely confident in our ability to deliver profitability to our shareholders,” the company told shareholders.
9.30am: Red Emperor bounces back but FFI disappoints again
The share price was whacked hard on Friday after the oil shows from the drilling of the well were “at the lower end of the range required for commerciality.”
Having fallen from 4.04p to 1.42p on Friday the shares were up 81% at 2.58p this morning after 88 Energy walked back some of Friday’s negativity with additional results and analysis of the Winx-1 exploration well.
While Red Emperor was the morning's biggest riser in early deals, FFI Holdings PLC (LON:FFI) was holding the wooden spoon after the company issued another profit warning.
The shares tanked by 41% to 13.25p as the film insurer said annual results in the year to the end of March will be lower than previously indicated due to weak revenues in the core film insurance business.
The film insurer warned over trading in December but said contract timing issues, smaller budgets and reserves for possible claims will also affect results this year.
Proactive news headlines:
Plexus Holdings PLC (LON:POS) told investors that its Russian licensee has secured its first major contract to supply the proprietary POS-GRIP wellhead gas exploration equipment to Gazprom. The contract, secured by licensee Gusar, covers the first of a possible five-year arrangement for programmes on the Kara Sea Shelf, where there are shallow water depths of less than 150 metres.
Active Energy Group PLC (LON:AEG) has bought a site in North Carolina to be the hub of its new Coalswitch business The Lumberton site is close to joint venture partner Georgia Renewable Power and comprises up to 415,000 sq ft of factory space and 151 acres of surrounding land.
Eckoh PLC (LON:ECK), the global provider of secure payment products and customer contact solutions, said it continues to bring in new contracts, with £10mln in new business secured since the end of September.
Impax Asset Management Group PLC (LON:IPX) has picked up a new mandate from BNP Paribas. The mandate, for Impax Asset Management Limited, is from a Luxembourg-based client of BNPP AM France, the investment arm of the French bank.
FFI Holdings PLC’s (LON:FFI) annual results this year to March will be lower than previously indicated due to weak revenues in the core film insurance business. The film insurer warned over trading in December but said contract timing issues, smaller budgets and reserves for possible claims will also affect results this year.
Jersey Oil & Gas plc (LON:JOG) told investors that drilling operations have now begun for the Verbier appraisal well, in the UK North Sea.
Brady Plc (LON:BRY) announced that Iain Greig and Daniel Look have joined its board as non-executive directors with immediate effect. The group said Greig is an experienced CTO and COO with a track record of delivering large-scale technology and business change programmes and commercial and operational leadership, having led the launch of LME Clear, the London Metal Exchange clearing house. It added that Look has approaching 25 years of experience as a consultant in the energy and commodity sectors with a focus on trading and risk management, initially with Accenture before joining Baringa during its founding stage.
ADES International Holding PLC. (LON:ADES) the leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has announced the appointment of Hatem Soliman as a non-executive director with immediate effect. The group said Soliman brings a wealth of international industry experience, having spent 36 years with Schlumberger after joining the company in 1982 as a graduate electrical engineer.
Block Energy Plc (LON:BLOE), the exploration and production company focused on the Republic of Georgia, said it has issued 1,846,791 new ordinary shares to settle £70,237 due to of outstanding creditors which includes advisors and consultants to the company.