Angus Energy PLC, (AIM: ANGS) jumped 46% this week to 0.95p after it put itself up for sale.
According to the company, it received several offers from interested parties to purchase a portion or all of its 51% stake in Saltfleetby’s Saltfleetby gas field asset. One approach resulted in a non-binding proposal that is currently under consideration. The board also received indications from interested parties that they might be interested in making an offer to the company.
The board decided to review the company’s strategic options and consider selling the company.
OpenBox is a distributor of cutting-edge technologies in the US security industry. It ensures the integrity and safety of cargo transported in shipping containers.
Avi Hartmann, chief executive officer of the company, stated that the contract with OpenBox reflects the company’s new strategic focus on global shipping container markets.
Another win in a nautical contract was the reason for the 32% increase in the share price – Marine Systems PLC, (LSE: SRT), the provider of maritime surveillance and monitoring systems.
According to the company, its SRT-MDA System project was adopted by a national Coast Guard; this is an organization and not just one person wearing a swimsuit.
This contract is for the first phase of a project with a total value of £40 million.
Digitalbox PLC, (AIM: DBOX), a digital media company that owns Entertainment Daily and The Daily Mash, reported that all three brands traded higher than expected in December.
The company’s announcement that EBITDA and revenue for 2021 were significantly higher than the market guidance of a month ago, saw the share price rise by about one-third.
Blue Star Capital PLC (AIM: BLU) was one the top performers of the week, rising 34% up to 0.535p, but no one seems to know why not even the board. The stock market announced that it did not know of any reason for the recent increase in share prices.
Hornby PLC, (LSE: HRN), which makes the eponymous Scalextric racing kit and the Airfix model sets, was given a boost by Henry de Zoete’s announcement that he will be joining the board of directors as a non-executive director.
“Hornby Scalextric, Scalextric and Corgi are all amazing heritage brands that I grew up with. De Zoete stated that he is excited to provide strategic input to the team, which focuses on digital growth and transformation to help build the business for future generations.
The shares surged 31% to 54.5p.
M&C Saatchi PLC (AIM: SAA) The advertising group confirmed that it had received a preliminary offer from an investment vehicle linked with Vin Murria, its deputy chairman. This statement was made in response to speculation from the press.
AdvancedAdvT Limited has confirmed that it is interested to explore a merger of share exchanges with M & C Saatchi. This would be a reverse takeover.
Although the likelihood of no cash offer slowed Saatchi’s weekend gains, shares rose 16% to 194p.
Faron Pharmaceuticals (AIM: FARN) announced that Marie-Louise Fjallskog has been appointed its chief medical officer. This appointment took effect immediately.
The news sent shares 10% higher at 161p
Caspian Sunrise PLC, (AIM: CASP ) saw its value drop by around 25% this week after it announced that it had temporarily suspended its drilling and production activities due to ongoing political uncertainty in Kazakhstan.
Another stock that was impacted was UniVision Engineering Ltd. This Hong Kong-based specialist in surveillance systems is involved in a dispute with T&P Solutions.
UniVision stated that T&P had filed a winding-up petition to the High Court of Hong Kong alleging unpaid debts owed Univision (AIM: UVEL). is approximately PS565,280 in relation to contractual arrangements.
As it often happens, Univision is not only contesting the petition. is also considering making a counterclaim against T&P regarding breach of contract.
The shares plummeted to 0.6p, a fifth of the company’s value.
