One has to be extra careful with small cap company announcements today, or does one?
Incanthera (AQSE: INC), the Company focused on innovative technologies in dermatology and oncology, announced that it has agreed with ImmuPharma plc to amend the terms of the warrants held by ImmuPharma that were issued on 26 February 2020. Additionally, the Company announces that is has agreed to settle existing liabilities owed to the University of Bradford, a founding shareholder of the Company, and two other creditors, representing in aggregate approximately £380,000, via the issue of 4,470,590 new ordinary shares of 2 pence each at the issue price of approximately 8.5 pence per share.
Comment: One can see INC clearing the decks as far as its obligations are concerned, something that now is patent issues are behind it, should see the company clear to push ahead fundamentally and as far as the share price is concerned.
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, provided an update following the Blue Star Helium (ASX: BNL) announcement issued today regarding an update on the Jackson-4 L4 3154 development well. Early gas samples have returned helium concentrations of up to 1.18% (not air corrected) and 85.93% CO2 in line with expectations.
Comment: One of the things that HE1 does not do as much as it perhaps should is tell the reader how good the helium find actually is. 1% does not sound squeaky voice worthy, even if it is in line with expectations.
Corero (CNS), the DDoS protection specialists, announced its audited results for the year ended 31 December 2024. Revenue increased by 10% to $24.6 million (FY 2023: $22.3 million). EBITDA grew 42% to $2.5 million (FY 2023: $1.8 million) at the top end of previous guidance.
Comment: A decent update from CNS, but practically no share price reaction. Perhaps it would help if someone explained what DDoS actually is.
Strip Tinning Holdings (STG), a supplier of specialist connection systems to the automotive sector, is provided an update for Q1 detailing a material improvement in its trading and business performance. Trading in the Battery Technologies division has been strong, and the Board now expects divisional revenue for FY25 to be more than 2.5 times FY24. This strong performance in the higher margin BT division is more than offsetting softness in the Glazing division, reflective of the wider automotive sector.
Comment: A knock the ball out of the park update from a company with a funny name. The result a well deserved 70% initial share price rise, and we are still only under half last year’s peak.
Kazera Global (KZG), the AIM-quoted investment company, announced that its subsidiary, Whale Head Minerals (Pty) Ltd), has issued its first invoice for the sale of 10,000 metric tonnes of heavy mineral sands to Fujax South Africa (Pty) Ltd under its sales and offtake agreement.
Comment: Given that so many companies on the market are miles away from production, let alone sales, it is a delight to read this RNS from KZG. May god bless her, and all those who invest in her.
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.
