Tekmar Group shares soar 169.67% to 16.45p on new contract award
Tekmar Group has secured a new contract to provide an integrated engineering solution, including Cable Protection Systems ("CPS") and Cable Hang-Off Clamps, for an offshore wind farm project in Japan. The contract is expected to be delivered in 2023.
Science in Sport shares fall 23.08% to 35p on lower than expected revenue in H1
Science in Sport updated on half-year results today. Revenue growth for the period should be approximately 12% YoY, lower than expected. "We believe that our growth will improve in the second half through investment in brands and our digital channels, and through improved pricing" the Company added.
SIMEC Atlantis Energy corrected down 20.83% to 1.9p after yesterday's news about a new government contract sent shares soaring
SIMEC Atlantis Energy announced yesterday it had secured a government contract for its MayGen tidal project in Scotland, the world's largest. The contract (CFD) guarantees £178.54 (£/MWh) for 15 years and will allow SAE to deliver 28MW of clean energy. SAE will work to achieve financial close for this next phase of the project by 2024 with the operation starting in 2027.
The news sent shares soaring 77.1% yesterday, which have today consolidated down 20.83% to 1.9p
Live Co. Group shares fall 17.39% to 3.8p on new £600K placing at 13% discount to help fully acquire Start Art
Live Co Group announced it will acquire remaining shareholding in Start Art Global Ltd. of which it currently owns 19.94%. Additionally, the Company announced plans to raise £600K through a placing of shares at 4p, a 13% discount. £120K will go toward an initial cash payment for the acquisition.
MySale Group corrected down 11.48% to 2.7p after Frasers Group's 29% interest purchase sent shares soaring a week ago.
MySale Group shares continued their downward correction. Mike Ashley's Frasers announced the purchase of a 29% stake in the company on 30 June which sent shares soaring more than 200% over the next couple of days. Shares have been correcting down since then, today by another 11.48% to 2.7p.
Frasers said the purchase would create an opportunity for a strategic partnership whereby end-of-line products can be cleared via an established clearance channel. This pipeline will be further enhanced by the benefits of counter seasonality between the European and Australian climates, the company added.