The Telegraph: BBC in crisis as Tim Davie resigns Director-general quits after Telegraph reveals broadcaster misled viewers
Comment: Unfortunately, the BBC, or Ministry of Information / Propaganda will never be broken up, and the license fee will never be removed. It is effectively a government department with its employees being civil servants. Even if it were responsible for the pandemic, world wars, or civil war, it would always remain. It is a state controlled sacred cow like the NHS.
Tooru (TOO), a company specialising in the health and wellness sector, provided the following update: Juvela, our gluten-free and free-from foods manufacturer and distributor of branded gluten-free products, following the launch of its new retail brand OAF, which has had continued success in Tesco with week on week growth, has won another major retailer in the UK expecting to go live by Easter 2026. Pulsin, our nutrition brand that specialises in plant-based nutrition technology, manufacturing and sales, with a focus on protein bars, nutritional snacks and keto bars, has managed to secure a European distributor with established channels and anticipates that the sales of the protein / fibre and keto bars through this new distributor will commence from January 2026.
Comment: The market has already responded to and rewarded well, the previous rollout news from TOO in terms of OAF / Tesco, we should see a new leg higher given the latest good news for the start of 2026. Above 0.25p, 0.4p could be a decent end of 2025 share price target for the company on a technical basis.
Hydrogen Utopia International (HUI), a company holding the right to negotiate access to exclusive licences for the deployment of commercially proven InEnTec PEM Melter technology and developing its own proprietary process to convert non-recyclable plastic waste into hydrogen and other low-carbon fuels, announced that the Directors have resolved to extend the term of the Company’s warrants to subscribe for 40,000,000 ordinary shares issued to investors in connection with the placing and subscription undertaken at the time of the Company’s IPO in 2022. Having secured the right to negotiate access to exclusive licences for the proven InEnTec PEM Melter technology across the MENA region, particularly within the Gulf Cooperation Council (GCC) countries, and following the recent granting of an Investment Registration Certificate by the Ministry of Investment of Saudi Arabia (MISA), the Company is now well positioned to advance its current negotiations into proposed commercialisation and partnerships across the region.
Comment: Given the lay of the land it would appear that HUI directors are extending their warrants at the right time. Any confirmation of partnerships / commercialisation could be transformational for the share price, the start of which we have already seen in recent days.
Insig AI plc (INSG), a leading provider of AI-led analytics and machine-learning solutions, announced that it has secured a new contract with a global advisory firm serving clients in over 70 countries. The contract is based on a monthly subscription model, with value anticipated to increase during 2026 as the solution is rolled out across the client’s business. This agreement broadens Insig AI’s client base into the global advisory sector, an area with significant potential for future expansion.
Comment: 2025 was always going to be the year for INSG to deliver a roll out, and if anything the company has exceeded expectations, with the AI boom underlining this phenomenon. Current share price levels in the mid-20p’s represent a decent entry point for fans of INSG’s concept and strategy.
Eagle Eye (EYE), a leading SaaS and AI technology company that creates digital connections enabling personalized, real-time marketing at scale, has secured a five-year contract with one of the largest independent North American food retailers. The Retailer will use the Eagle Eye AIR platform for promotional capabilities within the eCommerce business of one of its brands. The contract is expected to go live in the first half of calendar 2026.
Comment: This is clearly a big win for EYE, even though we do not have the numbers. If anything, it should be enough to at least partly reverse the massive bear run for the shares from last autumn to this summer.
Agronomics Limited (ANIC), a leading listed company focused on clean food, said that portfolio company, the EVERY Company , has successfully closed a US$ 55 million Series D financing round. The round, led by McWin Capital Partners through the McWin Food Tech Fund, included participation from Main Sequence, Bloom8, TO.VC, Minerva Foods, Grosvenor Food & Ag, New Agrarian Company Limited (an affiliate of Agronomics), and SOSV.
Comment: The market seems to have got over its general aversion to investment companies diluting to follow their money, at least as far as ANIC is concerned. The company has underlined the latest funding is not expected to impact on the carrying value of Agronomics’ holding in EVERY.
Ferrexpo plc (FXPO) said it regrets to announce that following attacks on Ukrainian energy infrastructure early on Saturday 8 November 2025, the supply of power to its operations has been affected and as a result production and exports will be interrupted. There are no reports of fatalities or injuries.
Comment: Just in case anyone was thinking that the war in Ukraine could be over soon and FXPO shares would go through the roof we have a little reality check. Putin started the war to stay in power, so will not be rushing to end it.
Alkemy Capital Investments plc (ALK) updated on the continued progress of Tees Valley Lithium Limited (“TVL”) as it advances its Front-End Engineering Design (“FEED”) study and gears up for project-level financing for the construction of Train 1 of its lithium hydroxide refinery at Teesside Freeport. Following the recent appointment of ABG Sundal Collier ASA as exclusive manager, bookrunner and financial advisor for TVL’s proposed US$245 million bond and equity financing, TVL is now progressing at speed with the financing phase of the project. To support this next stage, Vikki Jeckell will step down as a Director of Alkemy, effective immediately, to dedicate her full focus to her role as Chief Executive Officer of TVL, overseeing governance and project delivery as the company targets a Final Investment Decision (FID) in Q1 2026.
Comment: A RNS with perhaps too much information and or no new information. But we are of course reminded that FID is coming soon, very soon.
Kazera Global plc (KZG), the investment company focused on heavy mineral sands and diamond production in South Africa, announced that it has secured commitments to subscribe for 87,666,666 new ordinary shares at 1.5 pence per Subscription Share. The Subscription will raise gross proceeds of £1,315,000 (net proceeds of £1,300,000) and will drive the next growth phase at Kazera’s HMS and diamond operations, increasing capacity, enhancing efficiency, and lifting profitability.
Comment: KZG takes advantage of the recent withdrawal of the mining right objection to raise cash. With this in the bag one would expect the shares to now continue the recovery that started in the summer of 2024.
Buccaneer Energy (BUCE), an international oil & gas exploration and production company with development and production assets in Texas, USA, announced that the Allar #1 well (32.5% WI) in the Fouke area of the Pine Mills Field has been drilled to a total depth of 5,767 feet and encountered a shaly oil sand sequence in the 2nd sub-Clarksville unit at a depth of 5,616 ft which did not contain a commercial hydrocarbon accumulation.
Comment: You can take Nostra Terra out of a company name, but even with the cool, new name it would appear that BUCE still does not have Lady Luck on its side.
SolGold plc (SOLG) reported additional strong assay results from diamond drilling at the Tandayama-América deposit, located 3 km north of the Alpala resource and reserves on the Company’s 100% owned Cascabel porphyry copper-gold project in northern Ecuador. Reports Strong, Near-Surface Drilling Results at Tandayama-América, Cascabel-160.5 m of 0.77% CuEq from 11.5m in depth at TAD-25-074. Results further confirm open-pit potential and strengthen early-mining development financing optionality within the Cascabel Project area.
Comment: 2025 has so far been something of a lap of honour for SOLG, underpinned by soaring gold. That said, the sizzle here is that even if gold is off the highs, reporting further new discoveries keeps the share price of SOLG at record levels and threatening to move higher.
Ananda Pharma plc (AQSE: ANA), a UK-based biopharmaceutical company developing regulatory approved, cannabidiol medicines to treat complex, chronic conditions, announced that it has received a Research and Development tax refund of AUD340,166.49 (£168,065.68 at the exchange rate on 07/11/2025) from the Australian Tax Office. The refund is in relation to the Phase 1 study completed in Australia between July 2024 and June 2025. The Company expects to receive a further refund in Q3 2026, in relation to expenditure on the Phase 1 pharmacokinetic (PK) study completed in Australia between July 2025 and June 2026. This refund is expected to be approximately AUD500,000 based on current forecasts.
Comment: ANA has made significant progress in 2025, and this has been added to the year to date seeing a revival across the board for UK listed biotechs. This makes the relative share price underperformance this year, down 57%, all the more disappointing.
Strategic Minerals (SML), an international mineral exploration and production company, announced that its wholly owned subsidiary, Cornwall Resources Limited, is providing an additional analysis update for drillhole CRD033, and new tungsten equivalent calculations, from its Redmoor Tungsten-Tin-Copper Project, located in Cornwall, UK. SML said “Strategic Minerals believe Redmoor is Europe’s highest-grade undeveloped tungsten deposit⁴. Contributions to the results from copper and tin mineralisation highlight the polymetallic nature of the deposit and its high-grade zones. The generation of a tungsten equivalent indicates the significant potential additional value contribution from these co-products and on a tungsten equivalent basis highlight Redmoor as one of the very highest-grade tungsten deposits globally.”
Comment: There has obviously been a massive transformation in recent months for SML, something which onlhy diehards would have seen coming. And possibly even the RNS Hotlist. The question now is simply how far the shares may fly? Chart wise we are looking for as much as 2.8p while above 1.7p around the turn of the year. A punchy call for a punchy company.
Rainbow Rare Earths (RBW) announced that it has updated the Phalaborwa MRE to include yttrium, one of the heavy rare earths that has been subject to Chinese export controls since April 2025. The decision to update the MRE has been driven by Rainbow’s test work which has demonstrated that Phalaborwa will produce the full range of critical medium and heavy rare earths in its proposed SEG+ product. The Company has noted a significant pick-up in demand for yttrium and gadolinium since the export controls were imposed, based on incoming off-take enquiries. George Bennett, CEO, commented: “Since the imposition of export controls by China in April 2025, we have seen growing interest in securing supply of the full range of restricted REE, where shortages have already developed in the market. This includes yttrium and gadolinium, which are increasingly recognised as key REE required by the U.S. and other aligned nations for important strategic uses, including for defence applications.
Comment: Given that the clue is in the name as far as RBW, one would have thought that the shares would have rallied rather more than the 50% so far this year, rather less than its small cap peers. That said, with a bit more exposure / name recognition, RBW could play catch up.
Ondo Insurtech (ONDO), a leading company in claims prevention technology for home insurers, confirmed that Westfield Insurance has signed a contract with LeakBot USA Inc. Westfield will begin by deploying 10,000 LeakBot devices and connected services for homeowners’ insurance customers in Ohio, Indiana, and Pennsylvania, states in which Ondo has existing client coverage. Consistent with other commercial contracts, the agreement involves upfront payments ahead of anticipated shipments.
Comment: The trail has gone somewhat cold as far as ONDO both in terms of newsflow and share price momentum. Much more will be needed from the company to prove itself in 2026, after the consolidation and a 25% share price decline in 2025.
Abingdon Health plc (ABDX), a leading international developer, manufacturer and distributor of high quality and effective rapid tests, announced a new contract win with an expected value of approximately US$2 million. The Company has signed a Master Service Agreement with a US-based company for the development and scale up to manufacture of a semi-quantitative, multiplex lateral flow test system. The MSA covers the feasibility, optimisation, scale-up, and technical transfer to manufacturing of the test for multiple analytes. The project is expected to take approximately 24 months via works orders under the MSA which are expected to total c. US$2 million. The project will be run from the Company’s Madison, Wisconsin facilities.
Comment: Perhaps surprisingly, when I had some spare time on my hands I was looking at the share price chart of ABDX, thinking that this could be a recovery situation. Indeed, the top of a one year price channel on the daily chart is heading for 10p, a decent end of year target to shoot for.
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.
