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Sparks Team
14 June 2018 · 1 min read

Tungsten Corp (TUNG); clarification on speculation about proposal for a general meeting

Stock up 0.93% to 54p at 8:18

TUNG has clarified that while no proposal for a general meeting has been received, Odey Asset Management LLP (Odey) has indicated that it intends to propose resolutions to seek removal of certain directors of the Board of TUNG.

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Sparks Team
14 June 2018 · 2 min read

Primary Health Properties (PHP); acquisition of Moredon Medical Centre worth £6.1m in net asset

Stock down 0.18% to 113.60p at 8:08

PHP has announced the acquisition of Moredon Medical Centre, worth £6.1m in net assets through a wholly owned subsidiary.

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Sparks Team
14 June 2018 · 2 min read

OnTheMarket (OTMP); announces listing agreements with over 9,000 agent branches

Stock up 0.84% to 179.0p at 8:03

As of 13 June, OTMP has signed listing agreements with UK estate and letting agents with more than 9,000 offices. The company has added over 3,500 branches since its admission to AIM on 9 February representing a growth of more than 63%.

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Sparks Team
14 June 2018 · 2 min read

Globalworth Real Est (GWI); €450m equity capital raised by subsidiary Globalworth Poland Real

GWI announced the equity capital raise of €450m by its Warsaw subsidiary Globalworth Poland Real estate N.V. (GPRE) through private placement of ordinary shares at €1.57 per share.

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Sparks Team
14 June 2018 · 1 min read

Abzena (ABZA); plans to monetise royalty-bearing ABZENA Inside products for short-term WC needs

Stock down 6.76% to 17.25p at 8:07

ABZA has signed a non-binding agreement to sell an interest in future royalties relating to ABZENA Inside products. The company intends to utilise the funds for short-term working capital (WC) needs.

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Sparks Team
13 June 2018 · 1 min read

Amur Minerals Corporation (AMC); drill programme update: approx. 25% of planned target completed

Stock down 1.17% to 5.06p at 8:09

AMC has announced the 2018 drill results till 31 May 2018 for its wholly owned Kun-Manie nickel copper sulphide project. Forty-one drill holes were completed including significant portion of the drill programme to fulfil Russian licencing requirements.

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Sparks Team
13 June 2018 · 3 min read

Norcros (NXR); FY prelims; 9th year of growth; revenue up 10.7%, underlying op. profit up 15.1%

Stock up 4.24% to 207.96p at 8:14

NXR’s annual revenue as of year ended March 2018 grew 10.7% to £300.1m (+8.6% CC, +4.4% LFL CC); underlying operating profit grew 15.1% to £27.4, reflecting improved performance in South Africa and Triton businesses as well as the contribution from Merlyn (acquired in November 2017 for £59.1m).

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Sparks Team
13 June 2018 · 1 min read

MedicX Fund (MXF); to sell 368,440 ordinary shares from treasury for scrip dividend scheme

Stock up 1.0% to 81p at 8:18

MXF has announced that 368,440 ordinary shares will be sold out of treasury on 29 June 2018 to shareholders as part of the scrip dividend alternative. The ordinary shares will have no par value since shareholders will receive cash for June 2018 dividend for quarter end 31 March 2018.

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Sparks Team
13 June 2018 · 2 min read

APQ Global (APQ); appoints John Toshack to its International Advisory Council

Stock up 1.60% to 95.0p at 8:03

APQ appointed John Toshack as a member of its International Advisory Council (IAC). John will be focussing on opportunities related to investments in Digital Assets and Distributed Ledger Technology.

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Sparks Team
13 June 2018 · 1 min read

Ebiquity (EBQ); CMA to review disposal of advertising intelligence division to Nielsen

Stock down 3.01% to 64.5p at 8:02

EBQ acknowledged the Competition and Markets Authority’s (CMA) announcement today, regarding the proposed sale of advertising intelligence division to Nielsen, which was announced on 13 February 2018.

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