Chrysalis Investments (CHRY) continues to gain value with shares ticking up 4.95% to 273.5p
Shares in Chrysalis Investments have increased by nearly 40% since the start of 2021. In recent weeks, the Group has invested £40m in IT e-commerce brand Tactus Holdings Ltd.
At the time of its investment, Chrysalis said it expects the funds tol accelerate Tactus' international "buy-and-build" strategy as well as to enhance its IT hardware offering which spans branded and own brand laptops, gaming PCs, tech accessories and IT components.
Chrysalis said its investment in Tactus “builds on its portfolio of rapidly growing companies that are benefitting from structural tailwinds and establishing clear market leadership.”
In a recent update, the Company told investors that its trading performance of the portfolio over the period “continues to be robust and that the Company's Investment Adviser remains excited about the growth and valuation potential of the Company's investments.”
Verditek (VDTK) shares soared 22.75% to 4p as it says there are ‘positive opportunities’
On Thursday, CEO of the clean technology firm, Rob Richards said the six months to 30 June was both “a challenging time” as well as a period when “several fresh seeds were sown.”
Verditek said it continues to focus all its efforts on becoming a leader in the manufacture and supply of flexible, lightweight solar panels, adding that its product offering is ‘very well placed to take advantage of the shift away from hydrocarbon-based energy production.’
Despite recent headwinds, the Company told investors that it continues to see positive opportunities for Verditek and believe the significant investment into the development of its flexible, lightweight solar panels will soon bring about meaningful financial reward.
Immedia Group (IME) shares jumped 19.09% to 16.38p as it hails ‘significant progress’
In its half-year results for the six months to 30 June 2021, the multi-media content and digital audience engagement solution supplier hailed “significant progress” in its journey to consistent profitability in an environment that continues to be extremely challenging.
Commenting on the performance, Immedia's CEO Ross Penney said: "Given continued difficult market conditions we have re-engineered the business to suit the new trading environment. This is evidenced by a substantial improvement on trading EBITDA compared to the prior period as we have benefited from a full six months of reduced cost base.”
Looking ahead, Immedia said 2H21 prospects are favourable and it expects the 2H trading environment to be significantly more positive than 1H as COVID-19 restrictions ease.
Feedback (FDBK) shares rose 16.00% to 0.725p as it receives validation for Bleepa
At the beginning of this month, the Group was featured in an article in Digital Health highlighting the potential of Feeback’s core product, Bleepa, a medical imaging app that enables remote and secure communications between front-line clinicians and teams.
Feedback said the article raised legitimate concerns around security of mobile messaging platforms and discusses the worries of those in the industry wanting to use them.
Addressing investors, Dr Tom Oakley, CEO of Feedback, said: "We understand that clinicians need a tool that allows them to complete their work in a compliant and secure way.”
He added, “Bleepa is the forerunner in providing exactly these needs and applaud Digital Health's focus on the needs and safety of both clinicians and their patients alike."
Wizz Air (WIZZ) shares fell 3.55% to 4,807.5p as EU removes US from safe travel list
Wizz Air was amongst several airline stocks to fall today after the European Union governments agreed to remove the United States from the EU’s safe travel list.
According to Reuters, airline stocks including British Airways-owner IAG, Ryanair Holdings, Easyjet Plc and Wizz Air fell between 2.6% and 3% as a result of the EU’s decision.