|Risers & fallers: Avanti Communications, San Leon Energy, Osirium Technologies, Bellzone Mining, Alexander Mining
11:12 26 Aug 2016
Here we put the spotlight on Friday's market movers
A long awaited oil deal is drawing to a close - sending San Leon higher
Below are some of the main news-driven share price changes at 11am
Avanti Communications Plc (LON:AVN), up 12% to 39.5p. The stock that rose earlier this month on takeover talk was rising again on Friday.
Industrial Multi Property Trust (LON:IMPT), up 12% to 175p. Interim results revealed a rise in asset value, narrowing losses and better occupancy.
Osirium Technologies Plc (LON:OSI), up 12% to 193.5p. The cyber security firm landed a contract to provide an asset management group with its full suite of products for some 3,000 devices. It is a three year deal that will add a material financial contribution in 2016, it said.
Ferrum Crescent Ltd (LON:FCR), down 7.5% to 0.25p. The mining sector junior announced an issue of equity from the exercise of options – 44.6mln shares with trigger price of 0.165p – which follow on from a share placing executed earlier this year.
North River Resources Plc (LON:NRRP), down 6.9% to 13.5p. It releases a project update on its operations at the Namib lead & zinc asset, in Namibia.
Bellzone Mining Plc (LON:BZM), down 6.5% to 0.215p. The mining sector junior gave back some of Thursday’s gains, which were triggered by a positive update on the group’s ferronickel study results.
Below are some of the main news-driven share price changes at 9:00am
San Leon Energy Plc (LON:SLE), up 67% to 48.5p. The oiler’s shares resumed trading after a near eight month suspension on AIM. It comes as the group unveiled details of a £170mln share placing which takes it closer to sealing its long awaited Nigerian oil acquisition.
Alexander Mining Plc (LON:AXM), up 25% to 0.22p. The mining sector junior added to gains from Thursday, when the group announced a licence agreement with Accudo Metals for projects in Australia.
One Media IP Group Plc (LON:OMIP), up 17% to 3.5p. Investor eyes are seemingly smiling on the media group which on Wednesday announced a deal to acquire 1,100 Irish folk and Celtic music original recordings – it comes after eight years of marketing the songs on a shared royalty basis.
AstraZeneca Plc (LON:AZN), down 1.3% to 4,943p. Share price weakness among drug makers continued through Friday, amid caution following renewed scrutiny from US presidential candidate Hillary Clinton this week.
Concurrent Technologies Plc (LON:CNC), down 4% to 62p. The outlook statement in Friday’s interim results reads positively enough, though the figures themselves seemingly showed a flat performance.
Strategic Minerals PLC (LON:SML), down 9% to 0.24p. The move lower follows the release of a quarterly update on Thursday afternoon.|
|Nice new contract win this morning - no dtails on income but it looks sizeable in terms of additional users,|
|£17m m/cap - with just £162k of revenues in H1 (reduced from the comparative period!)?
OK, it's got £4m+ of cash, but that's going to be burnt quickly.
Watch and wait at best imo - for quite a while I'd have thought.|
|Osirium is off to a flying start following its April IPO with 45% growth in total invoiced sales (ie bookings) to £206k from £142k YOY – Osirium is a subscription business, so bookings is the critical forward looking KPI. Note also that the company has pivoted out of professional services (revenue down from £26k to £4k YOY), as software revenue grew, thereby illustrating that it has made the significant step in migrating from consulting-led to product-led revenue. This followed the successful debut of its new PAM2.0 product (February 2016), coupled with new sales and marketing - the primary use of IPO proceeds. Osirium is now in ‘scale-up’ as headcount is 23 (15 at 31 October 2015). Now fully funded, following the AIM listing, the company is building brand awareness and the pipeline is growing.
update from broker panmure
|looks like someone front ran this this morning
15:13:39 30-Jun-2016 162.00 5,000 8,100.00 Ordinary Trade - delayed publication
best thing also see who might have also bought softcat this morning, shares or spreads|
|200p would represent a stonking start for this company|
|Newly admitted to AIM at 156p with an overs subscribed placing of 10.394m shares giving a market cap of £16.2m. Off to a good start. Operates in one particular area of cyber security where itt appears to have a strong position - 13 sizeable current customers with an average of over 3,000 devices per customer. Strong board of NEDs led by Simon Lee, the ex-CEO of RSA.|
these haven't done too well for me either. got into them via city equities in more optimistic times, and like most of my other stocks were slaughtered during 2H2008.
in current markets it is difficult to judge how good their investments to date have been. I was hoping OSI might be a sort of embryonic III in the making.
obviously OSI and ORP are not the sort of stocks that advfn bb aficionados are interested in and probably have limited appeal.
so I don't think I'll be adding to my meagre existing holding. rather, I'll just let it run and hope it comes up trumps in a few years time.|
|There will be a load of ORP shareholders joining you soon. The merger term look ok but the ORP warrent holders looked screwed as who is going to exercise warrents at 1.20 30 days after merger. I hold ORP and warrents, but have lost faith with this lot as seem to chuck money at investments without much to show for it.|
|is there anyone else apart from me holding these ?|
|Final results for 2007 are out, and they look good to me.
Operating losses down, but dwarfed by the huge profit on investments.
Surely there will be some more interest in OSI now. I was going to sell my modest holding, but might now consider increasing it.|
|howdy ram & mangal; pleased to see you trying your best with this one!
FYI, I started a thread for the related company Origo Resource Partners (ORP/W)|
|The first trade this morning shows as a BUY but that was me with a sell so guess the others @41.10p are sells as well.|
May 17, 2007
ORIGO ISSUES CONVERTIBLE NOTE TO ISAK HOLDING LTD TO FUND GROWTH OF EUROPEAN
Origo Sino-India PLC ('Origo')(LSE:OSI), the investment and strategic advisory
company focused on the private equity markets of China and India,announced today
that it has extended a convertible note of US$400,000 to Isak Holding Ltd
('Isak Holding' or 'the Company')
Isak Holding is a contemporary furniture company targeting mass distribution
through a network of Company owned and franchised stores. Produced in China, the
ISAK collection of furniture and home accessories are delivered directly from
the factory to a network of ISAK branded retail outlets in Europe. By cutting
out all middle-men in the value-chain, Isak Holding seeks to offer its
distribution partners superior gross-margins, translating into highly
competitive retail prices.
Isak Holding recently concluded agreements with local partners to operate the
ISAK franchises in the Netherlands and Sweden. The partner in the Netherlands is
committed to rolling-out and financing six ISAK branded shops over the next 36
months, with the first store already opening for business in March this year.
The agreement with Isak Sweden AB provides for eight retail locations to be
opened before June 2010. These new distribution points complement two stores
already launched in Norway by Isak Norge A/S, the ISAK franchise holder for that
Under the credit facility extended by Origo, Isak Holding may draw-down up to
US$400,000 for working capital purposes and operational expenses associated with
the expansion of the Company's European distribution network. The note is
repayable in full in the event of an external financing round, or convertible
into equity at the discretion of Origo at a 50% discount to the then applicable
price per share.
Sigbjorn Dugal, CEO of Isak Holding, said:
'Having gained proof-of-concept in Norway, arguably one of Europe's most
competitive furniture markets, we are excited to expand the ISAK franchise to
other European markets. The partnerships in the Netherlands and Sweden are
critical corner-stones for this expansion strategy.'
Chris Rynning, the CEO of Origo, concluded:
'These two partnerships validate Isak Holdings' value-proposition, business
model, and execution capabilities. We are pleased to fund the roll-out of the
ISAK franchise while locking-in the opportunity to subscribe for further equity
in this exciting company.'
|can only buy 1,500 online at selftrade
but can sell 25,000|
|Bought in today
China stuff priced in
Raised £12m at 50p
Warrants are 55p to exercise.|
|OSI has been falling since floatation. It is hard to see how a company could screw up so fast. Last week the company,commenting on the share price fall, said they could see no reason for it.Today CORUS pension fund has notified a 7.76% interest. Share has just moved up. Worth a look.|
|plenty of investment news over last month.
must be a share overhang, but hasn't really effected wrts price.
good to see that add mopped up a few of the ords, but obviously not enough.|
|bit of volume in wrts over last two days, although shares drifting.|
|Yes Ram, they were v quick off the mark making those investments- must had them lined up well before the floatation. I too picked up some wrts on the first day of trading.|
|hi mangal, yes i picked up just a few of the wrts.
note, a couple of investments announced this week.|