It was not too difficult to work out why shares of Cerillion (CER), the billing, charging and customer relationship management software solutions provider saw its shares sporting double digit percentage gains. This came in the wake of an update on trading for the financial year ended 30 September 2021. The company said it had entered the second half of the financial year with a record level of new orders and a record back order book. New orders included two of the largest contracts the Company has secured to date. Net cash at 30 September 2021 was also anticipated to close very strongly, at approximately £13.0m (30 September 2020: £7.7m). The company also has a strong pipeline of new business opportunities from both existing and prospective new customers and remains well-positioned as it enters the new financial year.
There was more bottom fishing at biotechnology company Tiziana Life Sciences (TILS) as Panetta Partners Limited, an entity in which Gabriele Cerrone, the Executive Chairman has a beneficial interest, purchased 37,500 ordinary shares of 3p each in the market at a price of 52p per share. While the company is heading Stateside, it would appear there is a trade to be had according to Cerrone, who has been adding to his holding in the recent past.
It has certainly been a tough journey for shareholders of cyber security and strategic intelligence services, Falanx (FLX). But the latest announcement of the launch of a new cyber security assessment tool, Falanx: Cyber Exposure Level, might just be something which enables the group to turn the corner. f:CEL contains three prongs of assessment: Digital Risk, External IP Risk, and Organisational Risk.
Shares of Pantheon Resources (PANR) reached their best levels for 4 years, as the company appears to be well on its way to the 100p zone, given that its “fans” are suggesting eye-watering resource estimates. This may mean a Recoverable Resource estimate of 1.4bbls at Theta West, with modelled recoveries of as low as 11% being conservative.
AIM quoted company medical cannabis, health and wellness space investor, SEED Innovations (SEED) said that it has invested a further £150,000 in South West Brands Limited, a London-based company that is seeking to establish itself as a multi-brand consumer goods group developed specifically for the CBD industry. The Investment is by way of a second 12-month, 8% Convertible Loan Note as part of a funding round by SWB to raise £300,000. The Investment takes the total amount invested by SEED in SWB to date to £450,000.