Cellular Goods (CBX), a UK based company pioneering wellness and sustainability solutions, announced that the Company’s Nourishing Face Oil will be available as part of Sephora UK’s Beauty Box subscription service. CBX said it was pleased to participate in the Sephora UK Beauty Box subscription service and to be the first CBG-based skincare brand included as part of the offering.
Comment: It will be interesting to see how the punters of Sephora react to having the option of CBX’s Nourishing Face Oil in their Beauty Box.
IamFire (AQSE:FIRE) provided an update on progress within its primary portfolio company, WeShop Holdings Limited, regarding its partnership with Spring IM, a digital investment management company. FIRE said through the partnership with Spring IM, WeShop’s community will have easier access to some of the world’s leading regulated asset managers such as BlackRock, INVESCO, Fidelity &Vanguard. These global brand names in the world of finance add to our compliment of associated partners including UNICEF, John Lewis, eBay and Selfridges.
Comment: There is little doubt that WeShop is making progress, and the land grab is going well. We await the stock market catching up with events and marking the share price up to reflect this.
Hydrogen Utopia International (HUI), a company specialising in turning non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials or distributed renewable heat, announces an interview with the Company’s CEO, Aleksandra Binkowska and Howard White, Executive Director of the Company and 100% owner of Ohrid Organics. The interview discusses the rationale for the Company’s increasing engagement with Ohrid Organics. The interview can be found at: https://youtu.be/kEgtlW3bFvE
Comment: The message that from early next year HUI will be getting its share of a tsunami of earnings from Ohrid Organics to drive its waste plastic to hydrogen is yet to hit the share price in an appropriate fashion. The release of the latest corporate interview should help this process.
S-Ventures (AQSE: SVEN), the company investing in brands across the natural, wellness and food-tech categories, announce that the Group has secured a bridging loan facility of £1m, will be repayable in six months. The facility has been secured through a Middle Eastern family office and enables S-Ventures to secure working capital as it works through its fundraise plans and process. The facility is in two tranches of £500,000. The first tranche has been made available and the second tranche will be available on 6 November 2023. The facility bears an interest rate of 2 per cent. per month and has been secured by a debenture, and is also supported by a personal guarantee from S-Venture’s CEO, Scott Livingston.
Comment: Given the recent comments from the company regarding the lay of the land for small caps on the London market, it is pleasing to see a near term funding solution for the company, and the CEO leading from the front.
88 Energy (88E) report a maiden, independently certified Contingent Resource estimate of 136 MMbbl of hydrocarbon liquids (gross best estimate (2C)) and 628 BCF of gas, for the BFF reservoir in Project Phoenix (~75% net working interest). The company said this maiden Contingent Resource is a great result for 88E and its shareholders. It represents an important milestone on the path to the possible development of Project Phoenix, even prior to flow testing operations at Hickory-1 this upcoming season.
Comment: Shareholders of 88 Energy have been waiting for the big inflection point for their company. The latest news looks to be the kind of announcement that could fit the bill.
Powerhouse Energy Group (PHE) made reference to its announcement on 15 September 2023 regarding the grant of its European patent application. The company said as regards the European Patent Office Communication, it has been advised by its patent attorneys there is no significance in this and that it is a normal procedural step when entitlement proceedings have been commenced in respect of a patent. As regards the proceedings themselves, it does not foresee any impact on PHE’s ongoing work or interference with the company’s business.
Comment: PHE has delivered a retort to the online speculation doing the rounds in quite an emphatic way regarding the patent application process. It could be enough to stem the recent weakness in the stock.
Bushveld Minerals (BMN), the integrated primary vanadium producer and energy storage solutions provider, announced its operational update for the 3 months and 9 months ending 30 September 2023. The company said was pleased to report the first set of quarterly production numbers under the stewardship of its new CEO. They are a solid set of results for the quarter ending 30 September 2023. What is immediately clear from the highlighted numbers is a strong improvement in production of 19% from Q2 2023, which has translated into some solid improvements on the cost front.
Comment: Shareholders of BMN will be hoping that the new CEO will be the bearer of a decent fundamental turnaround for the company, and its share price.
Power Metal Resources (POW), the AIM listed metals exploration and development company announced the disposal of its entire holding of 69,500,000 shares of Kavango Resources plc at a price of 0.8p per share raising cash of £556,000 for the Company. POW said it was pleased to announce this disposal bringing an additional £556,000 cash into the Company which will be deployed into the Company’s high impact exploration initiatives. Whilst it would describe its holding in Kavango as non-core disposal this does not reflect any negative view of their business or their ambitions.
Comment: In current stock market conditions, not only is cash king, but also company focus, something which the latest news from POW underlines today.
Critical Metals (CRTM), a mining company established to acquire mining opportunities in the critical and strategic metals sector, advised that following the publication of the Company’s 2022 Annual Report on 3 November 2023 and an application by the Company for the suspension to be lifted, the Company’s shares will be restored to the Official List and to trading on the London Stock Exchange today.
Comment: Now that CRTM is back on the market, perhaps the stock price can start playing catch up with the improving share price.
Harland & Wolff Group (HARL), the UK quoted company focused on strategic infrastructure projects announce that it has been awarded a further ten barge contract from the Cory Group for a total value of £8.5 million. These ten barges are in addition to the existing two contracts for the build of 23 barges that were awarded in 2022.
Comment: As we are still in a bear market and many investors do not even have the cash to bid up the best news, HARL shares have been lagging recent very strong contract news. Perhaps today’s new chunky contract will aid the progression for the stock towards 20p.
Ryanair Holdings (RYA) reported a strong half-year profit of €2.18bn, compared to a prior year H1 PAT of €1.37bn, thanks to a strong Easter in Q1, record summer traffic and higher fares which offset significantly higher fuel costs in the half year.
Comment: Treat ‘em mean, keep ‘em keen really works. What is not said is that even though Ryanair is cheap, it could be much cheaper and it would still make massive profits.