In the first half of 2017, cyber security software developer Crossword Cybersecurity (CCS) more than doubled its revenues from £164,000 to £397,000, although the loss increased to £584,000 due to a rise in administration expenses. There was £1.07m left in the bank. Crossword is working with nine universities.
Block Energy (BLOK) is raising $600,000 from the sale of its Ghanaian mining assets. An initial $50,000 has been received and $550,000 will be paid by the end of 2017. The cash will be reinvested in the company’s oil and gas assets in Georgia.
AfriAg Global (AFRI) has raised £200,000 at 0.25p a share. Via Developments (VIA1) has issued a further £300,000 of 7% debenture stock 2020. That takes the debenture stock in issue to £4.9m.
Walls & Futures REIT (WAFR) says the refurbishment of the first supported housing investment in Stroud is complete and the first residents will move in during October. There is a pipeline of other supported housing projects.
Primorus Investments (PRIM) is investing $200,000 in Stream TV Networks Inc, which has developed a glasses-free 3D technology. The strategy is to licence this technology for TVs and smartphones, followed by PCs and other uses. Stream is valued at $336m and plans to join Nasdaq in 2018. Primorus still has £350,000 in the bank.
Interim revenues were 22% ahead at £4.98m at Chapel Down (CDGP) helped by a 29% increase in wine sales. Management has reassured investors that there was a good harvest in 2017, which will help to improve wine revenues. The Curious Beer brewery is about to commence construction at Ashford.
Ace Liberty & Stone (ALSP) has purchased Princes House, Barnstaple, which generates annual rent of £190,000, for £2.325m and College Square Margate, generating annual rent of £630,000, for £8.3m. Disposals of residential properties have raised £3.25m. Ace has raised £500,000 at 71.25p a share.
NQ Minerals (NQMI) has raised £782,000 at 8.5p a share and paid £400,000 of expenses via a share issue at 10p a share.
Via Developments (VIA1) has raised a further £215,000 from a debenture issue that takes the total value of debentures in issue to £5.11m.
Trading has commenced in Doriemus (DOR) shares on the ASX. A$3.5m was raised at A$0.26 per share equivalent. The cash will be used to complete drilling on the Lidsey and Brockham oil fields in the UK.
IMC Exploration Group (IMCP) has commenced its drilling programme on the zinc licence in south west Ireland. The licence in County Clare is near to other licences where mining companies have achieved encouraging results.
SEPTEMBER 2017 – MARKET STATISTICS