Shearwater Group (SWG), the cybersecurity, advisory, and managed security services group, announces an update on trading for the 15-month period ended 30 June 2025. The Group has delivered a strong performance in the 9-month period since the announcement of H1 results, bolstered by a number of major contract wins and renewals within the Services segment of the business, as previously announced. As a result, FY25 revenue and adjusted EBITDA are anticipated to be slightly ahead of market expectations, with expected Revenue of c.£41m, representing an annualised YoY increase of c.45% (FY24: £22.6m), and expected Adjusted EBITDA of c.£2.2m, an annualised YoY increase of c.100% (FY24: £0.9m).
Comment: SWG has seemingly been bubbling under for a number of years, never quite appearing to achieve its potential. But it would appear that today’s trading update could indeed be the inflection point the company’s supporters have been waiting for.
Hunting (HTG), the precision engineering group, today publishes its H1 2025 Trading Update, announces an increase to its annual targeted dividend distributions, and proposes a Share Buyback programme of up to $40 million. Good year-on-year growth in EBITDA to c.$68-$70 million in H1 2025, up c.16% from H1 2024, led by a robust contribution from the OCTG product group.
Comment: Given the current deliberately destructive economic backdrop, an update like this one from HTG simply warms the heart. The share buyback is the icing on the cake.
80 Mile (80M), the AIM, FSE listed and OTC traded exploration and development Company, provided an update on Greenswitch Srl, a subsidiary of Hydrogen Valley Ltd in which 80 Mile has an interest. The Company also announces its increased interest in Hydrogen Valley to 49%. Greenswitch has signed a MOU with Tecnoparco Valbasento for the procurement of up to 40,000 tonnes per year of biofuel from Greenswitch.
Comment: The recent settlement with MET1 and today’s news underline the way that 80M could finally be ready for a revival, after its shares have been bumping along the bottom for the best part of a year.
everplay group (EVPL), a leading global independent games developer and publisher of premium video games, working simulation games and children’s edutainment apps provided a trading update for H1 2025. As a result of the Group’s performance in H1 2025, the continued robust performance from the back catalogue and positive momentum going into H2, the Board now expects full year results to be slightly ahead of current market expectations. As in previous years, adjusted EBITDA is expected to be H2 weighted, due to the timing of new game releases.
Comment: Although EVPL is clearly on fire fundamentally at the moment, it is interesting that the stock is only up 42% on the year, albeit at year highs. There would appear to be scope for significant further gains off the back of today’s update.
Tekmar Group (TGP), a leading provider of asset protection technology and offshore energy services globally, is pleased to announce the award of a contract to supply bespoke subsea infrastructure technology for a pipeline project via a major offshore EPC contractor operating in the Middle East. The base case scope is valued at approximately £2.0m.
Comment: Shares of TGP were down three consecutive years 2022- 2024. But it could be the case that with deals such as today’s we have a chance of 2025 being in the plus column for the company.
TAO Alpha Plc, being renamed Satsuma Technology (SATS), a public company pioneering the convergence of Bitcoin treasury strategy and decentralised AI, is announced a senior hire in the appointment of Mark Moss as Chief Bitcoin Strategist. Mark Moss is a leading voice in the Bitcoin ecosystem.
Comment: Even though it may be argued that Tao Alpha is a rather more poetic name than Satsuma (apparently all the best fruit names are already taken), the key takeaway here is that companies like Tao, I mean Satsuma, have moved to shore up the credibility of their cryto strategy by hiring leading industry nerds.
Asiamet Resources (ARS) announce the appointment of Shore Capital as Corporate Broker to the Company with immediate effect. This appointment forms part of Asiamet’s strategy to enhance its capital markets profile and broaden institutional engagement as the Company transitions into the development phase for its flagship BKM Copper Project.
Comment: The admittedly rather comical US tariffs debacle has lit a fire under the copper price, something which means that the appointment of major league broker Shore Capital is all the more timely.
Ascent Resources (AST) announced the appointment of Mr David Patterson as Chief Executive Officer of the Company with immediate effect. David’s appointment to the Board is expected to follow shortly, following completion of the customary on-boarding process for directors. David is an experienced oil and gas explorer and geologist who has over 43 years oil and gas experience onshore US which includes several years of work in Utah and Colorado where most notably David was VP Geology for Rose Petroleum Plc (now called Zephyr Energy Plc).
Comment: With the company well teed up as far as its Slovenian arbitration, it moves forward to secure its ground operations with the appointment of key industry figure at the helm as CEO. One would expect that Patterson has already done his homework as far as AST’s prospects, and happily decided to accept the job.
The Smarter Web Company (AQUIS: SWC) announce a Subscription at the closing bid price on 08 July 2025. The Subscription has raised £10,341,542.25 through the issue of 3,182,013 new shares at £3.25 per share.
Comment: Robert Palmer may have been Addicted To Love, but it would appear that SWC is addicted to raising cash to buy more Bitcoin. It is all about the mNAV, and whether Michael Saylor is an investor.
Vaultz Capital plc (AQSE:V3TC), a digital asset operating company, announced that it has submitted an application to admit the Company’s shares to trading on the OTCQB Venture Market, the mid-tier OTC Equity Market in the United States. The Company believes that the trading of its shares on the AQSE Growth Market operated by Aquis Stock Exchange Limited in the UK and the OTCQB market in the US will increase the Company’s profile in the US, make access to the Company’s shares for investors based in the US easier and increased liquidity provided by a broader pool of potential investors.
Comment: Given the massive US pool of liquidity from US investors, we have seen the Bitcoin Treasury brigade rush to get an OTCQB listing to take advantage of this fact. Although the company has not said it, an application typically takes 4 weeks to come through. Of course, in the past couple of months Aquis has gone from being a tumbleweed market to being the trading equivalent of Studio 54.
Finseta (FIN), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, provides the following unaudited update on trading for the six months ended 30 June 2025. The Group expects to report an increase in revenue for the six months ended 30 June 2025 of approximately 16% to £5.9m (H1 2024: £5.1m), driven by an increase in active customers1 to 1,101 (H1 2024: 952).
Comment: FIN has gone from being a stock market darling to something more sedate. Perhaps the market was looking for a more hockey stick rise in terms of the performance by now.
SRT Marine Systems (SRT), a global provider of integrated maritime surveillance and MDA management systems and technologies for security, safety and environmental protection hereby provides a trading update for the 12 months ending 30th June 2025.
FY25 Financial Summary (Unaudited)
| FY25 | FY24* | % change | |
| Group Revenue | £77.5m | £14.8m | 423% |
| Profit / (Loss) before tax and exceptional item | £4.4m | £(14.4)m | n/a |
| Gross cash balance (excluding restricted cash) | £4.2m | £2.8m | 50% |
Comment: SRT is clearly buzzing like a bee currently, with the key metrics up sharply. The only questions are whether the momentum can be maintained, and whether the company can scale up further?
Oriole Resources (ORR), the AIM quoted gold exploration company focused on West and Central Africa, published the maiden JORC Exploration Target for its 90% owned Mbe orogenic gold project in Cameroon. A maiden JORC Exploration Target range for the Project’s MB01 prospect of 33 to 44Mt at 0.77 to 0.95g/t Au for 0.82 to 1.34Moz contained Au produced by independent consultant Forge International Limited.
Comment: A maiden JORC resource is always a key milestone, and for ORR perhaps more than more given how hot gold is at the moment, and what lies at Mbe.
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.
