Stock Of The Day: Catenai (CTAI)
Shares of the AIM quoted provider of digital media and technology are now back to the low end of the range at 0.16p, after a brief flurry to the upside last month. The company is already well invested in Klarion, an exciting pipeline infrastructure group.
The hope here is that whoever was bidding the stock up earlier this year is either looking for Klarion to mature in a positive way, and / or further investments by the company which could move the dial.
Ondine Biomedical (OBI) reported that results from the first NHS deployment of Steriwave® nasal decolonization technology at Mid Yorkshire Teaching NHS Trust (Mid Yorks) have demonstrated a substantial reduction in surgical site infections (SSI) following elective knee and hip replacement surgery. A new health economic analysis conducted by the world-renowned York Health Economics Consortium (YHEC) also found that Mid Yorks’ use of Steriwave is cost-saving for hip and knee replacement surgery. Mid Yorks’ analysis of data from a six-month period demonstrated that Steriwave significantly reduced the combined rate of SSI in elective hip and knee replacement surgeries by 71.4%, from a baseline rate of 1.40% to 0.42%.
Comment: We have a further reminder that OBI’s Steriwave is a winning approach, with the latest evidence coming from our friends in Yorkshire. The percentage improvement rate of SSI is still a wow.
LifeSafe (LIFS), a fire safety technology business, announced that its new 6-litre Multi-Purpose Fluid extinguisher has been launched by Trinity Fire & Security Systems Ltd. This marks the start of extending the LifeSafe range into the traditional cylinder market which is worth around $9 billion per year.
Comment: It is interesting that it has taken this long for LIFS to deliver the intuitive move, which was and is to compete with the fire extinguisher at your local municipal building which has been hanging on the wall since 1975.
Audioboom (BOOM), the leading global podcast company, announces its Q1 trading update for the period ended 31 March 2025 and final results for the year ended 31 December 2024 will both be published on 9 April 2025. Stuart Last, CEO, and Brad Clarke, CFO, will provide a live presentation relating to the results via Investor Meet Company on 9 April 2025 at 3pm.
Comment: Shares of BOOM have fallen like a stone from their February peak, presumably as the persistent seller in the stock returned, and as the “clever” money in the stock keeps telling us that the company is such a big winner and definitely not over-rated / fairly rated.
Gear4music (G4M), the largest UK based online retailer of musical instruments and music equipment, today announces a year-end trading update covering the 12 months to 31 March 2025. Robust revenue growth in the UK, with European revenues reflecting competitive pressures throughout the year in certain markets within the region. Gross margin expected to be 27.1% (FY24: 27.3%; FY23: 25.7%). EBITDA expected to be £10.0m (FY24: £9.4m; FY23: £7.4m).
Comment: Steadying the ship after the pandemic bubble was never going to be an easy thing, but unlike many other companies, G4M has managed to do it. That said, unless absolutely everyone wants to be The Beatles or Taylor Swift, it is difficult to see where the big, fresh driver will arrive from here.
Mirriad (MIRI) a provider of AI-powered virtual product placement, and RTL Ad Alliance have renewed their services agreement for a period of three years from 1 January 2025 to continue bringing innovative in-content advertising solutions to brands. The Agreement renewal further continues Mirriad’s integration across the RTL Group by also reaching into selected prime-time-formats such as “The Bachelor”.
Comment: Name-dropping “The Bachelor” in one’s RNS has got to be a winner, even if most of us have not seen it. But it could still be enough to allow shares of MIRI to continue their recent recovery.
Empyrean Energy (EME), the oil and gas development company with interests in Australia, Indonesia and the United States, announced the following update on the Wilson River-1 well: The JV partners in The Wilson River-1 have decided to conduct a Drill Stem Test over the potential oil zone identified from analysis of logs and hydrocarbon shows from the well. The JV is currently refining the testing and completion options and getting quotes to carry out the work.
Comment: If the newsflow from EME was not from EME one would actually be impressed by the recent path the company has made. It is to be hoped that the bad old days of EME are well behind it.
Raspberry Pi (RPI), a leader in high-performance, low-cost computing, announced its audited results for the year ended 31 December 2024.
Comment: Given the lay of the land on the metrics for RPI it is not surprising that the company was keen to head for IPO, shore up its balance sheet and look for an exit. The fact that the share price has generally been firm since the IPO is all the more impressive given this backdrop.
Disclaimer & Declaration of Interest:
The information, investment views, and recommendations in this Zaks Traders Cafe interview are provided for general information purposes only. Nothing in this interview should be construed as a promotion or solicitation to buy or sell any financial product relating to any companies under discussion or referred to or to engage in or refrain from doing so or engage in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.
