Proactive news headlines: Franchise Brands, Technology Minerals, Accesso Technology and more…

Kinetiko Energy Ltd (ASX:KKO) has resumed drilling development activities at its Korhaan Project in South Africa after drill rigs B21 and B16, together with operational crews, returned to site.  Logging for Korhaan 3, 4 and 5 wells is to be carried out in January while the planned flow test on Korhaaan-4 will commence. Evgen Pharma PLC (AIM:EVG)‘s positive interaction with regulators in the US and UK have been described as ‘significant value inflexion points’ by City broker finnCap.

Here in the UK, Evgen met with the Medicines and Healthcare products Regulatory Agency (MHRA) to discuss protocols for a phase I study of the new tablet form of SFX-01, its lead asset. 11th January 2022 *A corporate client of Hybridan LLP

Broker feedback for accesso Technology Group PLC was positive after the company provided updates on trading and the status of tie-ups with two of its biggest partners. It said expectations for the 2022 financial year remained unchanged as it told investors it had extended agreements Merlin and Six Flags. Bango PLC’s (AIM:BGO) trading update on Tuesday showed revenue up 32%, which is ahead of forecasts, said house Liberum, with its 260p target price implying 34% upside from the current share price.

The strong growth has been driven by a combination of new customer wins and growth with existing customers, which the broker said it sees continuing into the 2022 financial year. ReNeuron Group PLC (AIM:RENE), the UK-based stem cell and exosome technologies company, has appointed Dr Randolph Corteling to head up the research team as its vice president. Corteling, who is re-joining ReNeuron after leaving in 2020, will start his role on 3 March and report directly to the company’s chief executive.

Technology Minerals PLC (LSE:TM1), the battery economy specialist, has opened its first laboratory suite at its new battery processing facility in Wolverhampton, UK. The new laboratory enables Recyclus Group, which is 49% owned by Technology Minerals, to carry out its own in-house testing for both lead-acid and lithium-ion battery recycling processes. DeepVerge PLC saw its revenues more than double in 2021 as orders continued to grow, but said losses will exceed market forecasts due to supply chain delays and staff isolating with COVID-19.

In a trading statement, the environmental and life science artificial intelligence (AI) company said revenues totalled GBP9.33mln in the year to 31 December 2021, a rise of 108% on the previous year. Genel Energy PLC (LSE:GENL, OTC:GEGYY), the London-based oil and gas exploration and production company, announced its chief financial officer Esa Ikaheimonen intends to step down from his role and leave the company on 16 March. The company, which will reveal its 2021 financial results the day before Ikaheimonen’s departure, said it has begun a search for his replacement, with an announcement to be made in due course.

accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) said expectations for the 2022 financial year remain unchanged as it extended agreements with two giants of the theme park and attractions world – Merlin and Six Flags. Its new enterprise-level agreement with Merlin will see it continue serving as the exclusive ticketing technology provider for 113 Merlin venues across 19 countries through to August 2026, with the option to extend a further two years. Trident Royalties PLC (AIM:TRR) said it will “look at the possibility of an appropriate dividend policy” as it completed the acquisition of a portfolio of producing gold offtake streams from Orion Resource Partners for US£69.75mln.

The acquisition is expected to provide immediate cash flow, amounting to approximately US£13.3mln in 2022, as ramp-up and expansions occur at the Blyvoor and Los Filos gold mines respectively. Bango PLC (AIM:BGO) said underlying profits for 2021 were in line with expectations, while revenue grew by a forecast-beating 32%. In a trading update, the AIM-listed mobile payments and data specialist said the period saw “high growth” in the payments business following new deals with Amazon.com, Inc. and Microsoft Corp and global partnerships with NTT Data, KakaoPay and TPAY.

Power Metal Resources PLC (AIM:POW) said “mobilisation has successfully commenced” for its inaugural diamond drilling programme on the Haneti Project in central Tanzania.   The drilling rig expected to be on site around 17 January 2022 and drilling expected to commence on or around 20 January 2022.  Frontier IP Group PLC (AIM:FIPP) said its investee company Celerum launched its Truck Logistics System and landed its first order for the AI-driven software.

Using ‘nature-inspired computing’ the product helps maximise resources across logistics networks, cutting costs, carbon emissions and delivery times. Evgen Pharma PLC (AIM:EVG) said it made headway with regulators on both sides of the Atlantic, paving the way for clinical progress in 2022. Here in the UK, it met with the Medicines and Healthcare products Regulatory Agency (MHRA) to discuss protocols for a phase I study of the new tablet form of SFX-01, its lead asset.

Union Jack Oil PLC (AIM:UJO) said it generated US£2mln of revenues from the Wressle field in Lincolnshire, United Kingdom. It is cash flow positive for the first time – after covering all corporate, administrative and project operating costs, the company told investors and has GBP6.27mln in cash and debt free. Franchise Brands PLC (AIM:FRAN) announced a strong performance for 2021, underpinned by robust sales growth at its Metro Rod drainage business.

The AIM-listed multi-brand franchise business said Metro Rod recorded system sales at a record GBP13.7mln in the fourth quarter, a rise of 22% on the same period in 2020. Full-year sales grew 24% to a record GBP50.4mln. ATOME Energy PLC, the international company focused on green hydrogen and ammonia production, said it will hold a live investor presentation online on Tuesday 18 January on the Investor Meet Company platform.

Chief executive Oliver Mussat and fellow board members Mary-Rose de Valladares and James Spalding will provide a live presentation. Seraphim Space Investment Trust PLC reminded investors that, as stated in its prospectus, the amount standing to the credit of the share premium account of the company immediately following initial admission be cancelled and credited to a reserve. The company said that, following court approval on 14 December 2021, the reduction has now become effective. Accordingly, the amount of GBP173.2mln previously held in the share premium account has been cancelled and will be credited to a special distributable reserve.

Instem PLC said it has appointed Stifel Nicolaus Europe as its joint broker with immediate effect, to work alongside existing broker Singer Capital Markets.

Cornerstone FS PLC announced that it has appointed SP Angel as joint broker alongside Peterhouse Capital with immediate effect.