RNS Hotlist with Zak Mir: POLB, LIFE, MSMN, CGO, IOF, LOOP, BEM, MIRI, CODE, AET, CYAN & BILN via Vox Markets

Poolbeg Pharma (POLB), a biopharmaceutical company, announced that it has acquired an exclusive licence from InsuCaps Limited, a sister company of AnaBio Technologies, to use InsuCaps’ patented microencapsulation and nanoencapsulation oral delivery technologies in metabolic syndrome related diseases including obesity, pre-diabetes and diabetes.

Author @ZaksTradersCafe

Love Hemp Group (LIFE), the consumer goods company, provided a trading, financing and corporate update. The company said it was reporting strong sales performance for the first quarter of the financial year, to the end of September 2022, with sales of £1.05m compared to £0.74m in the same period in 2021, representing a year-on-year increase of 42%. This sales growth was driven largely by increases in retail channel sales and includes the Tesco launch, reported 2 September 2022. LIFE has also entered into a Binding Agreement with a group of strategic investors for a £1.5 million secured loan with a term of five years.

Mosman Oil and Gas (MSMN) the oil exploration company, updated in respect to the Cinnabar-1 well in Tyler County, Texas. The Cinnabar well was drilled in October 2022 and is now in the process of being completed and placed on production.

Contango (CGO) announced that the Environmental Management Agency of Zimbabwe has awarded the Environmental Impact Assessment Certificate for the Company’s Muchesu Coal Project, the in-country name for the Lubu Coal Project. The certificate, which was issued on 9 December 2022 and received by the Company on 13 December 2022, has been awarded for the statutory two-year period and is automatically renewed on an ongoing basis assuming continued operations.

Iofina (IOF), specialists in iodine and chemical products, announced that Iofina Chemical Inc., the company’s specialty chemicals division located in Covington KY, USA, has been awarded ISO 9001:2015 certification, an internationally recognised standard that specifies requirements for a quality management system.

LoopUp Group (LOOP), the cloud platform for premium hybrid communications, provided a trading update. The company said that following the successful transition of PGi Connect Meetings business and the commercial progress achieved in Cloud Telephony, the Group now expects FY 2022 revenue to be marginally above market expectations at no less than £15.5 million (H1 2022: £6.6 million).

Beowulf (BEM), the mineral exploration and development company, announced new results from detailed geological mapping over the highly prospective Red Lead target, located within the Mitrovica licence, in Kosovo, being explored by Vardar Minerals Ltd , which Beowulf is a 59.5 per cent shareholder of.

Mirriad (MIRI) the in-content advertising company, announced a trading update for the twelve months ended 31 December 2022. Revenue for the year to December 2022 is now expected to be £1.52m-£1.75m, slightly short of market expectations, pending a number of late deals which may be won and delivered before the year end.

Northcoders (CODE), the independent provider of training programmes , announced that the Company’s Business Solutions division has been awarded a significant new contract with R² Factory, part of Rolls Royce Group to run a developer incubator programme with a contract value of £0.45 million. This new contract follows on from a similar programme that Northcoders ran successfully for R² Factory last year which has just finished.

Afentra (AET) updated regarding the previously announced Angolan acquisitions. The company said it expects governmental approval of the INA Acquisition shortly which will allow it to complete this acquisition, marking its entry into Angola in early 2023 and the inception of our partnership with Sonangol in Blocks 3/05 and 3/05A with whom it intends to work closely with to optimise production and to extend the life of this asset.

CyanConnode (CYAN), a specialist in narrowband radio frequency mesh networks, announced its interim results for the six months ended 30 September 2022 (H1 FY 2023). The company said revenue for the six months ended 30 September 2022 met it sexpectations. It has, in previous statements, spoken of the significant contracts secured so far this year and as a result revenue for the next quarter is expected to be at least three times higher than the first six months.

Billington Holdings (BILN), a structural steel and construction safety solutions specialist, provided a trading update for the year ending 31 December 2022. The Group said it had a strong order book at improving margin levels, and a significant pipeline of opportunities, providing an improved outlook for the second half of 2022 and into 2023.

Author @ZaksTradersCafe


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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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