Fiinu (BANK), a fintech group and creator of the Plugin Overdraft®, announces the appointment of a new Chief Financial Officer and provides an operational update, including further senior management appointments.
The Company is pleased to announce that Dr Feyzullah Egriboyun CGMA, has joined Fiinu as Group CFO and has been appointed as an executive director of Fiinu Plc with immediate effect.
Comment: The arrival of a new CFO at this juncture can only be taken as a positive development, one that holders of the stock would assume will be associated with the company moving forward on its Plugin Overdraft strategy.
CAB Payments (CABP), a leading B2B FX and Payments provider to emerging markets, today announces that James Hopkinson has been appointed to the role of Chief Financial Officer (CFO) of the Group. James will join CAB Payments immediately and will be appointed as Executive Director subject to regulatory approval for his position as CFO (SMF2) of Crown Agents Bank Limited.
Comment: If I had been given £1 for everyone who has said all the way down that CABP is a bargain, I would probably have enough to buy a large latte. The shares have halved since the autumn, and as was the case then, it is not necessarily the case we have hit the bottom.
Great Southern Copper (GSCU), the Company focused on copper-gold exploration in Chile, is announce that it has raised a total of £1.57m, before expenses, through an equity investment of £1,044,000 from an institution and £522,000 from a CLN facility from the existing majority shareholder Foreign Dimensions PTY Limited.
Comment: Having telepathically called up GSCU shares last week, I told a broker friend of mine yesterday that the company was almost certainly raising money into the strength of the shares, and today we have the news.
Sovereign Metals (SVML) announce that rehabilitation of the land at the test pit site mined during the Pilot Mining and Land Rehabilitation Program (Pilot Phase) at its Kasiya Rutile-Graphite Project (Kasiya or the Project) in Malawi has been substantially progressed. Soils remediation work was concluded in December 2024 with landowners accessing the site between December 2024 and January 2025 to plant and cultivate crops without missing a planting season.
Comment: If one can say another about SVML it is that the company is going full throttle in terms of the newsflow, and of course, the development of Kasiya. This is filtering well in terms of the ongoing squeeze higher for the stock.
Foxtons Group (FOXT) said it has delivered another year of growth. Strengthened operational capabilities, combined with strong returns from Lettings acquisitions, have underpinned 47% earnings growth. The Group is on track to deliver against its medium-term targets set in March 2023 and the next phase of the growth plan is now coming into focus. Key elements of this growth plan will be communicated at a capital markets event in Q2 2025.
| 2024 | 2023 | % change | |
| Revenue | £163.9m | £147.1m | +11% |
| Adjusted EBITDA3 | £23.8m | £17.5m | +36% |
| Adjusted operating profit4 | £21.6m | £15.7m | +38% |
| Profit before tax5 | £17.5m | £7.9m | +121% |
| Adjusted earnings per share (basic)6 | 5.0p | 3.4p | +47% |
| Earnings per share (basic) | 4.6p | 1.8p | +156% |
| Net free cash flow7 | £9.8m | (£0.1m) | n/m |
| Total dividend per share | 1.17p | 0.9p | +30% |
Comment: It is a full house for FOXT in terms of the metrics table, something which probably makes those who can’t stand estate agents (everyone) dislike them just a little more. Presumably ahead of another real estate market rinsing budget, FOXT will do even better.
CoTec Holdings Corp. and Mkango Resources (MKA) announced the completion of an independent, Product Carbon Footprint analysis conducted in accordance with ISO 14067:2018 by Minviro Limited for HyProMag USA LLC., which is developing a major new domestic source of recycled rare earth permanent magnets in Texas, United States. MKA said “We are very pleased with the results of the Minviro Study, which further demonstrates the low carbon footprint potential of HyProMag’s technology. HyProMag has the capacity to provide the United States with the lowest carbon domestic source of permanent magnets to accelerate the revitalizing of U.S. rare earth permanent magnet production, metallization, and skills development, a strategic priority for the U.S. Government.”
Comment: The market has been inspired by MKA’s recycled magnets story, with the shares holding onto the bulk of their post summer gains, even with the fundraises.
Helium One Global (HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, provides an update following the Blue Star Helium (ASX: BNL) announcement issued today regarding the Galactica Project.
Comment: The market’s positive reaction on Tanzania news underlines that although there is decent newsflow from Galactica, it is Rukwa and the new mining license there which is the real prize.
Ferrexpo (FXPO) notes the statement released on 4 March 2025 by the State Bureau of Investigation in Ukraine (SBI) stating that the Pecherskyi District Court of Kyiv has granted a request of the Prosecutor General’s Office of Ukraine to transfer 49.5% of the corporate rights of Ferrexpo Poltava Mining to Ukraine’s Asset Recovery and Management Agency. FXPO reiterated that Mr Zhevago does not own any shares in Ferrexpo Poltava Mining, which is in fact 100% owned by Ferrexpo AG (incorporated in Switzerland), which is in turn 100% owned by Ferrexpo Plc.
Comment: It is a good rebuttal from FXPO, and one that also makes one feel that Omar Sharif is going to turn up all of a sudden. What all of this adds up to is that the Russian Mountain ride of the FXPO share price down to the 200 day moving average at 67p looks to be a lasting support area for the stock – unless the SBI go nuclear, so to speak.
Oriole Resources (ORR), the AIM quoted gold exploration company focused on West and Central Africa, provide an update on its 90% owned Mbe orogenic gold project in Cameroon. ORR said “We are very pleased with the latest results from the second scissor pair of holes at Mbe, which continue to demonstrate the project’s tremendous potential. Not only has hole MDBB003 intersected wide zones of lower grade gold, it has also intersected a highest grade interval of 4.24m at 7.70g/t Au. The high number of intersections received to date in the maiden programme is truly exciting.”
Comment: ORR shares were up over 50% last year, quite an achievement for any exploration company on the London stock market. This year so far has been tougher, although the situation may be saved on strong drilling news such as today’s.
De La Rue (DLAR) providing an update on trading for the periods ending 29 March 2025 (and 28 March 2026. DLAR said FY25 has been a year of good progress, with activity levels continuing to build in our Currency business and at the same time our Authentication business achieving a solid performance. Further to the Formal Sale Process announcement of 4 February 2025, the Company continues to be in discussions that may or may not result in possible cash offers for the Company and with various potential counterparties in relation to the Currency division.
Comment: DLAR has not only made itself ship-shape, but also continues to tease the market with a potential sale of the currency division, something which remains a driver for the share price even after an extended rally.
Capital Metals (CMET), a mineral sands company approaching mine development stage at the high-grade Taprobane Minerals Project in Sri Lanka, announce the appointment of Hannam & Partners as sole Broker and Financial Advisor to the Company with immediate effect. CMET said “”Our goal is to reach a Final Investment Decision by the end of Q2. A key component for that will be assembling the financing package on the best possible terms. Hannam & Partners has tremendous experience in assisting companies to do just that. They have great enthusiasm for our Project, which they visited last month, and we are looking forward to working with them.”
Comment: With the lay of the land much improved in Sri Lanka and FID imminent, it is the perfect time for CMET to call on the services of Hannam, a move which in itself is a badge of honour for the company, and should also help it achieve its milestones.
Pri0r1ty Intelligence Group (PR1) announced a new partnership between its wholly owned subsidiary Pri0r1ty Ai and Halfspace Group, an award-winning UK sports data and marketing company, to launch an innovative new product, “Capitano Ai”. Pri0r1ty has entered into a 50/50 joint venture agreement with sport data experts Halfspace Group to jointly develop and deploy Capitano Ai, a natural language interface designed to enhance data analytics capabilities for sports and media organisations across the UK and Europe.
Comment: Ideally, news such as today will give the market confidence that PR1’s strategy can drive revenue growth, backed by AI, in new and exciting areas of sports and media.
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.
