Edison Investment Research

NetScientific PLC (NSCI): Commercialisation milestone reached for ProAxsis division.

ProAxsis today announces its first sale of NEATstik® to a research laboratory conducting a respiratory clinical trial for a pharmaceutical company. NSCI expect ProAxsis will be able to generate over £1m in revenue for 2018.

BB Healthcare Trust (BBH): Full year results – 17.2% NAV return beats benchmark by 2.8%

BBH sees strong outperformance versus benchmark in inaugural year, with strong investor demand accentuating NAV returns. BBH may raise further capital in 2018 and is optimistic about the coming year.

Hurricane Energy PLC (HUR): Operational update on Lancaster field

Stock up 4% at 08:14

A key project milestone has been achieved, with completion of buoy ‘dry’ trial fit testing operations. An incorrect fit during offshore hook-up was a significant risk to costs and scheduling of the Lancaster EPS project. First oil is targeted for H1 2019.

Ebiquity PLC (EBQ): Trading statement for the year ended 31 December 2017 & disposal of significant

Stock up 0.5% at 08:29

EBQ announces the sale of its AdIntel business for £26 million. Revenue from continuing operations grew by 3.3% on a constant currency basis with non-US revenues growing over 10% y-o-y. Lower than expected US performance is expected to turn around with the appointment of a US based COO.

Pan African Resources Plc (PAF): Interim results for the 6 months ended 31 Dec 2017.

Stock up 0.4% at 08:29

Production of 85,282oz for the half year was down 6.9% y-o-y. Net profit decreased by 76% to GBP3.3m on an 8% decrease in revenues in Sterling, primarily due to poor performance at Barberton, PAF’s largest division.

Amur Minerals Corp (AMC): $10m convertible loan facility with two investors.

Amur Minerals issues $10m in 8% convertible bonds to progress development of the Company’s Kun-Manie project.

Petro Matad Ltd (MATD): Operational update

$16.8m fundraising completed and progress has been made in MATD’s two major prospects.

Proxama PLC (PROX): Final results for year ended 31 December 2017 & appointment of CFO.

Stock up 6.7% at 08:39

PROX has significantly reduced costs, increased revenues, eliminated debt, raised equity, drastically changed senior management and plans to change its name to Location Sciences Group reflecting a new focus for the company.

Gaming Realms PLC (GMR): Games development and licensing agreement with ITV.

Stock up 2.9% at 08:29

GMR follows on from previous successful games website with a multi-show game licensing agreement with ITV.

Renewi PLC (RWI): trading update for 1 October 2017 to 11 February 2018.

Stock up 1.6% at 08:29

Positive overall trading in H2, in line with management’s expectations. There were signs of cost pressures throughout the period but RWI has been able to offset these pressures with price increases, synergy programmes and strong order flow.