Netcall (NET) shares rise 26.15% to 82p as it forecasts higher profits amid contract win
The software provider has signed a significant multi-year contract for the Liberty platform with a S&P 500 international financial services business with operations spanning 120 countries.
The revenue for the initial three-year cloud subscription period is $19m and is expected to generate similar margins to
Netcall’s overall group margin. As a result, the Board now expects adjusted EBITDA for FY23 to be significantly ahead of its previously outlined expectations.
IG Design Group (IGR) shares jump 11.35% to 78p as it extends terms of banking facility
On Thursday, the consumer gift packaging business said it had extended the term of its existing banking agreement to 31
March 2024 and, as part of the deal, the facility size had been reduced from $95m to $90m and from a maximum level of £130m to £92m, respectively.
Addressing shareholders, IG Design Group said its seasonal orderbook remains strong and that the revised facility provides it with sufficient funding for its working capital requirements.
Venture Life (VLG) shares rise 9.42% to 37.75p after Chairman purchases shares
Shares in Venture Life were trading as high as 38.5p today after Chairman of the company, Paul McGreevy, snapped up 138,571 shares at 35p a share - worth a total of £48,500.
Light Science Technologies Holdings (LST) shares fall 14.89% to 10p as it forecasts revenue fall
In a trading update released today, the company says it expects revenue to be about 35% below market expectations for the current financial year ending due to delays in sales cycle.
The firm outlined that these problems include government grant delays and input inflation experienced by growers, which has led to capital expenditure by growers being delayed.
Looking ahead, Light Science says it is confident that its overall prospects remain strong.