Tooru (TOO), an AIM listed company focused on the branded health and wellness sector, provided a pre year end trading update. The Group has just completed a refinancing of the debt facility that it has with Shawbrook Bank, a leading bank for established UK businesses, in relation to Juvela.
This new facility has been increased to £3.9 million and has been extended out to the end of 2030. As part of this refinancing, an additional £500,000 has been advanced by Shawbrook Bank in order to provide Juvela with additional funds with which to support the development of its new OAF brand.
Comment: We have seen a decent turnaround in TOO shares since October, as the market has latched onto the company’s supermarket rollout. This is a process likely to gather further momentum in coming months, with the stock market rating reflective of this as the company gets more attention from investors.
Metals One (MET1), a critical and precious metals exploration and development company, noted an announcement on 24 December 2025 by Lions Bay Capital Inc. that its 47.39% owned associate, Lions Bay Resources PTY Ltd. has made an offer for all of the assets of the Vantage Goldfields Group.
Comment: While the heady days of a 50p plus share price appear to be well behind it for the time being, MET1 underlines the way it is simply getting on with its investment strategy, something which as today’s news underlines, could reap dividends for shareholders. In low single digits as far as the share price is concerned now, some may be tempted to get on board.
Amirose (AQSE:ALH) presented the interim results for the six months ended 30 September 2025. This period has been one of significant progress for Amirose London Holdings PLC, with operational performance and financial resilience providing a strong foundation for the Group’s future. Revenue rose to £7.19 million compared with £5.13 million in the prior year, representing year-on-year growth of approximately 40 per cent. This robust increase reflects improved sales performance across our customer base and demonstrates the resilience of the underlying business model. Cash and cash equivalents increased to £149,680 compared with £11,023 at the previous year-end, evidencing improved working capital management and positive operational cash generation.
Comment: While we are not quite in the L’Oreal level yet, ALH is proving to be a burgeoning business in a space that has significant room for upside, particularly if the company can get into bed with some big name brands. This should happen sooner rather than later in 2026, and underlines the relatively low stock market rating the company has currently.
Panthera Resources PLC (PAT), the gold exploration and development company with assets in India and West Africa, announced its unaudited interim results for the half-year ended 30 September 2025. PAT said “During the half-year, significant progress was made in the arbitration process for the Bhukia Gold Project. In May 2025, the Claimants’ Memorial was filed including the damages claim for US$1.58 billion, net of Indian taxes. Importantly, in October 2025 the arbitral tribunal issued an order containing the procedural calendar that set the Phase One hearing date for December 2026. The Company also continued to progress its gold assets in West Africa, with a 1,740-metre RC drilling programme at Bido and initiating a feasibility study at Cascades. At 30 September, the Group held a cash balance of approximately $1.93 million and retained access to the US$13.6 million arbitration funding facility. Subsequent to the end of the half-year reporting period, the Company received approximately US$1.2 million from the conversion of warrants.
Comment: Shares of PAT are up 2x this year, as the company’s mix of a potential mega win in India, goes well with the day job of developing gold assets at a time when the space is hotter than July. The $1.2m from warrants conversion reminds us that warrants are not always a bad thing.
VSA Capital Group plc (AQSE: VSA) announced its interim results for the half year ending 30 September 2025. Successful first half in difficult market conditions and a cautiously optimistic outlook for the future. Highlights: Turnover of £1.76m. EBITDA of £0.38m. Cash position of £1.21m.
Comment: Goldman Sachs it ain’t. However, given the trading environment one would have to give VSA at least a modest pat on the back in terms of the performance, and the cash position. The question is what, if anything, can transform the business in a meaningful way for 2026?
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.
