The Telegraph: The cost of government borrowing leapt as pressure grows on the Prime Minister to quit. The 10-year gilt yield, a benchmark for the cost of government borrowing, jumped back above 5pc on Tuesday after 79 Labour MPs publicly demanded his resignation. The 30-year yield, which is more sensitive to long-term inflation fears, rose by 0.09 percentage points to a 28-year high of 5.76pc.
Comment: Whether or not it is logical, it is also quite sinister and anti-democratic that the bond markets should in any way be controlling the political agenda. We saw that with Liz Truss (admittedly not elected nationally) and we are seeing this at the moment. This kind of tail wagging the dog activity only ends in tears. Anyone remember the ERM?
Physiomics plc (PYC), a leading mathematical modelling, data science and biostatistics company supporting the development of new therapeutics and personalised medicine solutions, announce the appointment of Stewart Williams FCILT as a consultant to the Company. Mr Williams will support the Board and management team during the Company’s senior leadership transition, providing strategic, operational and programme delivery expertise to assist with the ongoing development and execution of the Company’s growth strategy.
Comment: While there may have been one of two siren voices who thought that PYC was doing fine before the board change, today’s appointment underlines an apparent desire to take the company to the next level, with blue chip people. Above 0.6p we are looking for a price channel target of 0.83p as soon as the end of next month.
MYCELX Technologies Corporation (MYX), the clean water and clean air technology company, announced the award of its third offshore produced water treatment contract in the Gulf of Mexico with a global integrated oil company. The contract is for the lease of MYCELX proprietary produced water treatment equipment for offshore operations and includes recurring monthly rental revenue with expected significant recurring filtration media sales.
Comment: Although some might think that MYX is as dull as dishwater, it can be seen that it is in a strong demand niche space, and presumably has the pricing power to go with it. The shares are breaking through year highs and would be expected to hit last year’s 60p plus highs over the next quarter.
RUA Life Sciences plc (RUA), the medical device group focused on the exploitation of long-term implantable biostable polymers, announced the successful spinout and completion of a fundraise by its subsidiary, RUA Structural Heart Limited, led by the Leducq organization.
Comment: Who has heard of the Leducq organization? Sounds like something from a 1960’s spy spoof series? Whoever this SPECTRE sounding bunch are, they have successfully taken advantage of the 60% share price rise we have seen in RUA shares so far this year, and we look forward to more.
Greggs (GRG): Trading Update. Like-for-like (LFL) sales in company-managed shops grew by 2.5% in the first 19 weeks of 2026, and improved to 3.3% in the most recent 10 weeks with menu development supporting progress. Total sales in the 19 weeks to 9 May 2026 were up 7.5% to £800 million (2025: £744 million). Partnerships with franchisees and grocery retailers are progressing well and contributing to the growth in overall sales. We have made encouraging profit progress in the year to date, partly reflecting a weak comparator period but also good operational cost control. Menu development and innovation: We continue to broaden and refresh our menu, introducing new products that combine quality ingredients, fresh flavours and innovation across our core categories. The launch of our new Chicken Roll in April has been a standout.
Comment: It would appear that GRG’s artery blocking offering is still popular, and that it is managing to run to stand still in the face of all Rachel Reeves’s inflation inducing / company busting measures. Who needs caviar or foie gras when you can enjoy the new Chicken Roll – delicious. Overall, under the £17 – £18 share price zone now feels a little like harsh treatment by the market.
CEPS (CEPS) announced its final results for the year ended 31 December 2025. As Harold Macmillan said whilst Prime Minister, “Events dear boy, events” referring to the things that throw governments off-course. CEPS revenue increased to £32.84m from £31.56m, gross profits increased to £14.13m from £13.29m whilst underlying operating profits (excluding exceptional items) marginally declined from £2.42m to £2.37m. Underlying earnings per share decreased from 2.94p to 2.00p.
Comment: A great Chairman’s quote which should no doubt please anyone over the age of 80 who is a shareholder. That said, despite this headline grabbling line, one can say that we are looking for the CEPS share price to break through 49p resistance and head to 65p by the end of the summer – depending on events.
Frontier Developments plc (FDEV), a leading developer and publisher of video games based in Cambridge, UK, today provided a trading update and upgraded guidance for the 12 months ending 31 May 2026. The success of Jurassic World Evolution 3, combined with strong ongoing sales across Frontier’s other games, has increased the Board’s expectations for FY26 revenue to approximately £103 million, above previous guidance. Cumulative sales revenue for Jurassic World Evolution 3 is ahead of Jurassic World Evolution 2 over an equivalent post‑launch period, including through the release of new content. In the last month, delays beyond Frontier’s control have impacted the release of further content for the game. Frontier is working hard to resolve these matters and return to its planned content roadmap.
Comment: A stunning performance, albeit from a company whose name sounds like that of an explorer / developer rather than a video games group. That the shares are still down 9% YTD in the wake of the latest update is something to scratch one’s head about, even with “delays”.
Rome Resources Plc (RMR), the Democratic Republic of Congo‑focused tin and base metals explorer, highlights the publication of a new research note by Allenby Capital, Rome Resources’ joint broker and adviser, on 6 May 2026, titled “Bullish Backdrop”. The full research note is available on Allenby Capital’s website at: https://www.allenbycapital.com/client/rome-resources-plc/
Comment: Apparently the share price target from Allenby is 1.31p versus 0.38p currently. One could say that if RMR had found what the market was looking for already, the share price would already be at this level and then some. In the meantime we would be content with 0.5p by the end of next month.
Mendell Helium (AQSE:MDH) announced that M3 Helium Corp. (“M3 Helium”) has signed two further leases for land in Fort Dodge, Kansas that it considers to be prospective for helium production. The Durler and Leffert leases are located very close to M3 Helium’s existing Bleumer and Enlow leases, around four miles from the Rost 1-26 and Rost 2-26 well sites, and were obtained for a modest cash consideration. Adding to M3 Helium’s land holdings in Fort Dodge is consistent with the strategy set out in the Company’s announcement of its fundraising on 30 April 2026, namely to accelerate the development of its production plans in Fort Dodge. As with the other leases, Mendell Helium believes that each of the Durler and Leffert leases could potentially accommodate two production wells.
Comment: It may be the case that crude oil notwithstanding, the biggest beneficiary of the crackpot Iran conflict has been the helium space. On this basis the way that MDH shares are only up 26% so far this year is somewhat disappointing, even though the company managed to raise a hefty £5m last month.
Strategic Minerals (SML), an international mineral exploration and production company, provided an update on the ongoing infill drilling programme at its Redmoor Tungsten-Tin-Copper Project, located in Cornwall, UK. Redmoor is being developed by the Company’s wholly owned subsidiary, Cornwall Resources Limited. SML said “The completion of drillhole CRD042 and successful intersection of a long section of visually logged abundant mineralisation within the SVS is positive. The newly expanded infill and expansion drilling programme, alongside data and sample collection for feasibility study components, is well underway and expected to shift into a new gear upon successful completion of the permitting process.”
Comment: I love it when someone gushes about what a good opportunity in stock to buy the dip, and then just a couple of days later that company produces great news / results. This is what has just happened at SML. Apparently in the universe there is no such thing as a coincidence.
Character Group PLC (CCT) Half-year Financial Report – six months to 28.2.2615% increase in Profit before tax and highlighted item to £2.4m. Full year results expected to be significantly ahead of current market expectations. Gross Profit margin up from 29.3% in HY25 to 31.7%. Underlying Earnings per share up 29% at 11.06p. Strong balance sheet and cash generation and no long-term debt. Interim dividend increased to 4p per share, up 33%. Letting of surplus property will further reduce overheads. Expect the benefit of the cost management measures to continue in the second half and beyond.
Comment: Although CCT is a company that old hands in the stock market will be familiar with, it remains rather under the radar, especially for a company which has products such a decent set of results at the half way stage.
Jersey Oil & Gas (JOG), an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, announce its audited financial results for the year ended 31 December 2025. JOG said “The message is beginning to land; as long as demand persists, the UK cannot sustain a strategy that relies on importing oil and gas while discouraging domestic North Sea production. The agreement on a more rational fiscal mechanism for taxing North Sea oil and gas production during periods of exceptionally high prices is a welcome and important step forward. However, delaying its introduction to 2030 will come too late for many in the basin. We believe that the straightforward step, which we understand the Government is actively considering, of bringing this mechanism forward would help reopen the UK North Sea and represent a major step towards unlocking the significant investment potential that our Buchan redevelopment project has to offer.”
Comment: What our friends at JOG do not understand is that closing down the North Sea was a deliberate act of impoverishing the nation. The poorer it gets / is, the more likely it is to be socialist. Nothing else to know really. Now, how much welfare can I claim?
East Star Resources Plc (EST), the Kazakhstan-focused gold and base metals explorer, presented its annual financial results for the year ended 31 December 2025. EST said “Kazakhstan’s rich endowment of copper and gold, combined with favourable infrastructure and mining-friendly conditions, positions East Star to capitalise on favourable macroeconomic trends for these metals. With multiple high-priority VMS, porphyry, and epithermal gold projects or targets, robust commodity market fundamentals, and the backing of globally recognised mining partners, East Star is well positioned to deliver discoveries and developments.”
Comment: EST certainly has a rich endowment, but even though the shares up, as is the case with most explorers / developers, it has not been able to shine above its less well endowed peers in terms of communication with the market. Should it ever up its game the re-rate could be very impressive.
Kromek (KMK), a global detection company focused on the advanced imaging and CBRN detection markets, provided a trading update for the 12-month period ended 30 April 2026. The Group expects to report revenues and PBT for FY26 in line with market expectations*. Results reflect increased revenue in the CBRN Detection division and good underlying growth in the Advanced Imaging division, excluding the exceptional contribution from the Group’s enablement agreement with Siemens Healthineers, as previously announced.
Comment: KMK has been bubbling under for years in terms of being in the right sector, and one that should be booming. Last year was the transformational one for the company, as well as in share price terms with a 77% gain. It should be the case that if the company continue to mention its relationship with Siemens often enough the shares will rise even further.
Corcel Plc (CRCL), the Africa-Latin America-focused energy company, provided an operational update, announced changes in management and launch its refreshed corporate branding and website. Following the successful completion of our KON-16 seismic program and the further strengthening of our balance sheet in March, we continue to make strong progress across both our operational and strategic priorities. Our immediate focus remains on advancing KON-16 towards drilling, progressing farm-down discussions and continuing our evaluation of production acquisition opportunities that can complement our exploration-led growth strategy.
Comment: Clearly in a $100 a barrel crude oil environment our friends at CRCL are going to find the fundamental and share price momentum is behind the company. Obviously, the run up to KON-16 will be a driver, but perhaps not sure whether anyone really cares above the corporate branding / website anymore.
Kendrick Resources (KEN) announced a highly encouraging milestone at its flagship Teufelskuppe (“TK”) rare earth project in south-west Namibia, following the completion of a high-resolution Digital Elevation Model (DEM) survey and updated volumetric assessment of surface mineralisation. Work completed together with the tonnage estimate provides a visible, high-confidence foundation for resource growth. Under its definitive agreement with Bonya Exploration Pty Namibia, Kendrick holds a 70% interest in the TK project, which is rapidly emerging as a rare earth asset of exceptional grade and potentially corresponding tonnage.
Comment: Although everyone and their mother has been taking the credit for KEN’s meteoric 24x rise so far this year, the greatest credit should be given to the person who called up the shares from below 0.5p and has been doing so ever since. The greatest congratulations of course to those who have multi-bagged on the stock, which is even better. The latest technical target here is above 8p, as high as 12p, by the end of next month. But only above 8p on an end of day close basis. Ideally, support remains above the previous 5p target – all of this fundraise permitting of course.
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.
