RNS Hotlist with Zak Mir: TAP, ALK, DKL, MARU, HMI, FA., WAND, BHL, OBD, SUR, HZM, YU., ROQ, CYAN, VEL, PEB & BGO via Vox Markets

Tap Global Group (TAP), the regulated crypto app, announced the launch of its CaaS ‘Cards as a Service’ B2B product with cryptocurrency exchange Bitfinex as the first client for this new service.

Author @ZaksTradersCafe

The company said it was excited to add this B2B Product to Tap’s offering and looks forward to supporting innovative businesses such as Bitfinex in providing their clients with financial flexibility to seamlessly convert and spend cryptocurrency assets without hindrance from the traditional banking system.

Alkemy Capital Investments (ALK) and its wholly-owned subsidiary Tees Valley Lithium Limited reported that TVL’s lithium hydroxide refinery at Teesside, UK has received first phase approval from the UK Government’s £1 billion Automotive Transformation Fund which seeks to support the national transition to Electric Vehicles. The company said it welcomes the first phase approval of its project proposal by the Automotive Transformation Fund and looks forward to working with the UK Government on the development of our transformative lithium hydroxide project in Teesside.

Dekel Agri-Vision (DKL), the West African agriculture company, announce it has entered into an agreement to acquire an additional 29.3% interest in the large scale raw cashew nut processing project at Tiebissou, Côte d’Ivoire, which will increase its interest to 100%. The company said the Cashew Operation is now transitioning towards full commercial production in 2023, alongside the 100%-owned palm oil production asset at Ayenouan.

Marula Mining (MARU) an African focused mining and development company, delivered quarterly update and updated the market and shareholders on mineral processing activities at the Blesberg Lithium and Tantalum Mine in South Africa where initial deliveries of 1,000 tonnes of high-grade ‘run-of-mine’ lithium ore under the S$5 million Lithium Prepayment Facility, that was announced 27 October 2022, are due to commence shortly – over the next four weeks.

Harvest Minerals (HMI), the AIM listed fertiliser producer, provided an update on sales of its organic, multi-nutrient fertiliser, KP Fértil®, from its 100% owned Arapuá Fertiliser Project in Brazil (‘Arapuá’) during Q4 2022 and FY 2022. The company revealed a 79% year-on-year increase in FY 2022 invoiced sales to 150,422 tonnes KP Fértil® and 83% CAGR in invoiced sales over the last three years.

FireAngel (FA.), a developer and supplier of home safety products, announced a trading update for the year ended 31 December 2022. The company said it has delivered a resilient performance in 2022, resulting in its strongest revenue performance since 2017. Business Unit performance has been strong across most territories with demand outweighing supply, driven by the tailwind of increasing legislation.

WANdisco (WAND), the data activation platform, announced that it has signed an initial agreement worth $9m with a global European-based industrial and consumer goods company. WAND said this is the first company to choose WANdisco’s solutions to migrate manufacturing process data at scale, utilising its unique ability to seamlessly and securely migrate large scale data from on-premise platforms to the cloud.

Bradda Head Lithium (BHL), the North America-focused lithium development group, announced that, following the company’s listing on the TSX-V, Bradda Head senior management will be opening trading for the exchange on 26 January 2023.

Oxford BioDynamics (OBD), a biotechnology company, announced its final results for the year ended 30 September 2022. The company said during 2022, it made substantial progress with the strategy it presented to shareholders in 2020 – pivoting the business to a more commercial footing, developing proprietary tests using our EpiSwitch platform.

Sureserve (SUR), the Social Housing Energy Services Group, announced its audited results for the year ended 30 September 2022. Revenue increased by 27.0% to £275.1m (2021: £216.6m). EBITDA increased by 36.6% to £16.8m (2021: £12.3m).

Horizonte Minerals (HZM) announced that it has advanced the permitting process for its 100%-owned Vermelho Nickel Cobalt Project, located 160km from the Company’s construction-stage Araguaia Nickel Project, in parallel with ongoing work on the Feasibility Study which is expected to be published in H1 2024.

Yu Group (YU.) served up a trading update. The company said its balance sheet is very strong, with excellent cash conversion as it reports a fourth consecutive year of EBITDA improvement. Cash has also far exceeded management expectations, more than doubling from FY21. Net customer contribution is being managed as it grows. Adjusted EBITDA margin has also “dwarfed” the 2.1% achieved in H122 (FY21: 1.1%) and as such it has clear visibility of its stated £500m revenue at 4%+ target.

Roquefort Therapeutics (ROQ), the biotech company, announced the ROQ-A1 and ROQ-A2 Midkine antibody programs, targeting metastatic breast cancer and metastatic lung cancer, have successfully demonstrated in vivo safety in pre-clinical development programs carried out by leading cancer research groups.

CyanConnode (CYAN), a specialist in narrowband RF smart mesh networks, announced that it has successfully completed an oversubscribed placing as part of a fundraising which raised, in aggregate, £5.25 million (before expenses).

Velocity Composites (VEL), a supplier of composite material kits, announced the company’s audited results for the twelve months to 31 October 2022. The company said revenue increased 22% to £12.0m (FY21: £9.8m) as the UK civil aerospace market began to recover. Gross margin decreased from 26% to 23% due to significant inflationary pressures. This should prove to be temporary as prices increase and efficiencies catch up in the medium term.

Pebble Beach Systems Group (PEB), a software business specialising in playout automation, provided a trading update for the year ended 31 December 2022. Following the anticipated strong second half performance, the Group expects to report results in line with market expectations for the full year 2022, with revenue of approximately £11.2m (FY21: £10.6m) and adjusted EBITDA of approximately £3.3m (FY21: £3.2m).

Bango (BGO), the platform for data-driven commerce, provided an update on trading for the twelve months ended 31 December 2022, ahead of announcing 2022 Full Year Results on 28 March 2023. Revenue up 59% to $32.9M (FY21 $20.7M). ARR in December 2022 was $5.0M, 5x higher than December 2021.

Author @ZaksTradersCafe

Disclaimer & Declaration of Interest
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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