The Telegraph: Ocado’s grand ambitions threaten to end in disaster
Comment: We learn from the article by Ben Marlow that to date (a quarter of a century) Ocado (OCDO) has raised £5.5bn. It clearly has very forgiving financiers. Indeed, so forgiving, that if they were around with Northern Rock, Enron, Laker Airways or DeLorean, none of them would have gone bust. Maybe they could fund the NHS and the Welfare State?
Tap Global Group (TAP), an innovative digital finance hub that brings money payments and crypto settlement services together in a single user-friendly app, is pleased to provide a trading update for the year ended 30 June 2025. Revenues are expected to be approximately £3.44 million, an increase of 30% on the prior year. Tap Group’s income for the year will be further boosted by approximately £0.42 million of other income from the recovery of Bitcoin announced on 30 May 2025. This performance reflects continued user growth and product momentum across the platform.
Comment: It is a wonderful revenues jump. But if TAP cannot make money hand over fist in the greatest cryptocurrency rally of all time, there is a problem. Shareholders remain painfully offside, despite the move to AIM.
Ascent Resources (AST), the onshore US focused oil and gas company, is pleased to update investors in relation to the Company’s ICSID registered Energy Charter Treaty claim against the Republic of Slovenia. The Company has been notified by the Arbitration Tribunal that they have no further questions for the parties; accordingly, no further substantive submissions are expected in the proceedings. In accordance with the 2022 ICSID Convention Arbitration Rules, a tribunal must aim to render its award within 240 days after the last submission in the proceedings. As the parties submitted their last submissions in July 2025, the Tribunal’s award on merits is currently expected to be received towards the end of Q1 2026.
Comment: It will be interesting to see whether shares of AST will turnaround their recent bear market at some point soon, given the way that Q1 2026, and the conclusion of the Slovenia arbitration is not that far away. This is all the more intriguing given the current measly £2.4m market cap.
European Green Transition: From Exploration to Execution at The Investor Summit
Kistos (KIST), an independent energy company focused on generating value across the upstream and midstream markets, provided its interim results for the period to 30 June 2025. The first half of 2025 has been a period of significant and transformational investment for Kistos. The Company has delivered on its commitment to achieve first oil from the Balder FPSO in June, successfully meeting the key operational milestone set out at the start of the year. As such, the Group remains firmly on track to meet its full-year production guidance of 8,000 – 9,000 boepd.
Comment: Shares of KIST are currently down some 80% from the heady days of 2022 and the aftermath of the Ukraine invasion. To be fair to the company it has persisted, and a tentative recovery so far this year has been the result.
Transense Technologies (TRT), the provider of specialist sensor systems, announces its final results for the year ended 30 June 2025. The Company has made excellent strategic and financial progress during the year, with total revenue rising by 33% and profit before tax increasing by 12%. The Company’s two business segments-SAWsense and Translogik-have both shown significant growth, supported by investments in engineering, manufacturing, and product development.
Comment: It would appear that for most of its existence the market has regarded TRT as perhaps a promising niche player, but not much more. The company looks to be proving the market wrong, although this is at odds with the shares being down some 30% year to date.
Raspberry Pi (RPI), a leader in high-performance, low-cost computing, announced its unaudited results for the half year ended 30 June 2025. Profitability was in line with the Board’s expectations, with Adjusted EBITDA of $19.4 million, down 7% compared to H1 2024, but up 19% sequentially.
Comment: There are companies who list in order to fund the next big phase of growth on the public markets, or those who have reached a plateau, want an exit for existing shareholders / hope someone will buy them out. The question is which camp is RPI in?
Amazing AI (AQSE: AAI), a global fintech group specialising in online consumer loans and AI finance-related services, announced that Paul Mathieson, CEO, will provide a live presentation via Investor Meet Company on 26 September 2025 at 10:00 BST, relating to the Updated Crypto Treasury Policy announced 18 September 2025. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 25 September 2025, 09:00 BST, or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet Amazing AI plc via: https://www.investormeetcompany.com/amazing-ai-plc-1/register-investor
Comment: AAI has already positioned itself as the crypto treasury strategy company 2.0, with the detail set to be revealed on Friday. Those who already understand the AAI approach will be joined by the herd very soon: leveraged to the upside, hedged to the downside, and not persistently diluting shareholders.
Hemogenyx Pharmaceuticals (HEMO) announced that it has signed a Letter of Intent with Cellin Technologies OÜ, a leading Estonian cell therapy company, to explore the commercialization of the Company’s HG-CT-1 CAR-T cell therapy for the treatment of relapsed or refractory acute myeloid leukemia (“R/R AML”) through the hospital exemption pathway under Estonia’s Medicinal Products Act. This collaboration represents the first potential near-term revenue opportunity for HG-CT-1.
Comment: No doubt HEMO will irritate the shorters still further in the wake of the latest announcement. The problem for them is that the company is now in a different league from where mudslinging / defamation is going to get the share price down. It is now above the clouds with its £77m market cap.
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.
