--- title: "RNS Hotlist with Zak Mir: TEK, AJAX, MTL, AMGO & HTG" publisher: "Share Talk" author: "sharetalk" published: "2026-08-21T10:08:05+00:00" modified: "2026-08-21T10:08:45+00:00" date: 2026-08-21 canonical: "https://www.share-talk.com/rns-hotlist-with-zak-mir-tek-ajax-mtl-amgo-htg/" category: "Stock Market Watch" categories: ["Stock Market Watch"] tags: ["Amigo", "Hunting", "Metals Exploration", "Tekcapital"] image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/08/a6126d80-755e-4a5b-ad32-fc0d8ac7508d.png?fit=1726%2C911&quality=80&ssl=1" format: "news" language: "en-GB" --- # RNS Hotlist with Zak Mir: TEK, AJAX, MTL, AMGO & HTG **Published:** August 21, 2026 **Author:** sharetalk **Categories:** Stock Market Watch **Tags:** Amigo, Hunting, Metals Exploration, Tekcapital **Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/08/a6126d80-755e-4a5b-ad32-fc0d8ac7508d.png?fit=1726%2C911&quality=80&ssl=1) --- **Alliance News: **UK retail sales were weaker than expected last month, numbers on Friday showed, while public sector borrowing was higher than forecast. [Author ](https://twitter.com/ZaksTradersCafe)[@ZaksTradersCafe](https://twitter.com/ZaksTradersCafe) The Office for National Statistics said UK retail sales volumes increased 1.6% on-year in July, slowing from a 3.8% improvement in June. The latest reading was shy of the FXStreet cited consensus, which had forecast a 2.2% increase. On-month, retail sales fell 0.5% in July, in line with expectations, after a 0.7% rise in June from May. June’s reading was downwardly revised from a 1.0% rise. Separate ONS figures showed government borrowing rose in July, “as spending growth outpaced receipts despite strong self-assessed income tax revenue”. **Comment: **The usual Big State / High Tax result for July, with the economy and consumers swimming through treacle, or is it cement? Paying for people to vote Labour, funded by people who do not vote Labour. **Tekcapital plc (TEK),** the UK intellectual property investment group focused on transforming university and corporate technologies into valuable products that can improve people’s lives, announced its results for the six-month period ended 30 June 2026. TEK said “H1 2026 has been the most consequential period in Tekcapital’s history. Net assets reached a record US$201.7m (31 December 2025: US$55.1m), with NAV per share of US$0.78 (31 December 2025: US$0.27) and portfolio valuation of US$191.4m. Profit after tax was US$144.8m (H1 2025: US$5.4m), whilst operating expenses were further reduced by 7.3% compared with H1 2025. The majority of this uplift is portfolio appreciation rather than cash returns, as is to be expected with early-stage technology companies; it nevertheless represents an independently assessed, IFRS 13-compliant measure. Shareholders attention is drawn to Note 6 of the interim results which provides further detail of the valuation of Versari Inc.” **Comment: **Some rather uncharitable person pointed out to me the allegedly rather generous remuneration package of TEK’s Chairman a few years back. But putting such trifles aside, it is still the case that the challenge here is for the London market to fairly value the company and take notice of the NAV, a metric that it is normally loathed to consider with any generosity. **Metals Exploration plc (MTL),** a gold production, development and exploration company with assets in the Philippines and Nicaragua, provided an update on financing and construction progress at its La India gold project in Nicaragua. **First gold – **first** **gold production at La India remains on track for December 2026. **Finance – **US$27 million equipment loan completed with a local Nicaraguan bank – an initial US$20.2 million drawn down. **Comment:** What a time to be looking forward to first gold, in the wake of this week’s surge in the yellow metal. We see that everything is tickety boo at La India, something which should pave the way for the share price to retest the best levels of the year towards 19p in time for the yellow metal turning up at the end of the year. **Amigo Resources PLC (AMGO)**, the Africa-focused gold and critical minerals company, announces that it has entered into a Memorandum of Understanding (“**MOU**“) with the State Mining Corporation of Tanzania (the Tanzanian state enterprise mandated to co-develop, manage, and commercialise key mineral resources across Tanzania) (“**STAMICO**“). The MOU establishes a strategic collaboration framework to evaluate a significant graphite tailings recovery and beneficiation project within the project areas in Tanzania. AMGO said “This MOU gives Amigo and STAMICO the opportunity to determine whether graphite-bearing material that is currently unused or regarded as waste can be transformed into a valuable mineral product. The potential significance of the Project extends beyond graphite recovery; if successful, it could improve the productive use and management of historical mining residues while creating an additional income opportunity for eligible local miners and material owners.” **Comment:** The new manifestation of AMGO has not put a foot wrong since it morphed into the minerals company it is now, something which means that even though Tanzania may not be famous for being one of the finest jurisdictions in the world, one can almost ignore such minor details. Instead, one can look forward to a break of 2.75p leading to a retest of 2026’s best levels through 3.5p as soon as the end of next month. **Hunting (HTG),** the precision engineering group, today announced its results for the six months ended 30 June 2026. HTG said, “Today’s results demonstrate the benefits of the transformation of Hunting’s portfolio and our ability to capitalise on the structural growth opportunities in the end-markets we serve. In particular, the strong margins delivered from our Subsea product group, following our strategic repositioning in this area over the past seven years, are strengthening the quality of our earnings into the long-term, a key deliverable of our 2030 strategic ambition. We have also seen encouraging momentum in our Perforating Systems product group, as our technology offering continues to be embraced by the industry, with record international sales supporting the Group’s overall results.” **Comment:** Lots of excellent corporate speak, most of which could be said at any time by anyone. This may explain why the shares are down 13% so far today. That said, the probe to 381p does look overdone, and anything under 400p could provide an entry point for believers in the “quality of earnings” long-term and factor in the cut in earnings and Kuwait delay short term. ![](https://www.share-talk.com/wp-content/uploads/2023/11/Zak-Mir-@ZaksTradersCafe-_-Twitter-Google-Chrome-2022-09-11-at-11.06.02-AM-291x300.jpeg) [Author ](https://twitter.com/ZaksTradersCafe)[@ZaksTradersCafe](https://twitter.com/ZaksTradersCafe) **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. --- **Original URL:** https://www.share-talk.com/rns-hotlist-with-zak-mir-tek-ajax-mtl-amgo-htg/ *Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*