Mattress maker investors will have a hard time this week Eva Sonwhich halved to 0.35 pence after doubling intermediate losses.
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The Healthy Sleep Brand also warned that it would need additional funding in October if no bids came in for the company, as management predicts cash reserves will be fully depleted by then, despite cost-saving efforts.
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biome technologies also had a difficult week following a warning that second-half earnings would be “significantly lower than previously expected”, sending shares down 54% to 73p.
The group explained that sales at Biome Bioplastics, its flagship business, were affected by a lower than expected order from a US customer.
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Cash call: “Sleep Wellness brand” Eve Sleep has warned that it will need additional funding in October if no offer comes in for the company.
Supplies to this customer will also be affected in 2023, with the impact on trade exacerbated by delays elsewhere due to disruptions in raw material supplies, logistical issues and general end-user uncertainty.
Shares of Tasty fell 28% to 3.6 pence as the restaurant chain confirmed the cost-of-living crisis is affecting trading in the second half of the year.
Although sales rose 85% in the half to June 26, outlet owner Wildwood and dim t said staff shortages and inflationary pressures on workforce, food and utilities had a “significant” impact.
It has been a tough week overall for the London markets, with the FTSE 100 and FTSE 250 down 3% and 4% respectively, while the AIM top 100 shared the difference with a 3.4% drop.
On the other hand, the past month has been fruitful for investors in Atlantic lithium with the share price up 39 percent ahead of a key announcement by the mine developer.
A new pre-feasibility study was released Thursday that provided valuable economic insight into the viability of the Ewoyaa lithium project in Ghana, West Africa.
It’s fair to say that the data beat most people’s expectations, hence the 8% jump in the stock price on the day of the announcement.
Investors were told that at full production it would take only five months to recoup the £110 million that would be required to build the mine.
This, and an attractive £1.2bn valuation of the asset, underlined Ewoyaa’s huge potential.
Unlike many assets at this stage of the development cycle, the project is actually funded by production thanks to a £90 million investment by US company Piedmont Lithium.
The largest tranche of 62 million pounds (70 million US dollars) will go to finance construction work.
“This is positive research for Ewoyaa as the team continues to gradually reduce project risk while paving the way for project funding and development work,” said SP Angel, a mining corporate finance house led by industry veteran John Meyer. research work.
“Ewoyaa is one of the largest untapped hard rock lithium deposits in the world and we believe it is increasingly likely that Piedmont Lithium will continue to support the company and contribute to capital investments to earn up to 50% of the project.”
Essential networks rose 45% to 15p after the virtual telephony hardware specialist announced an additional $4.6 million contract with an existing Chinese customer.
The first order with a broadband operator (worth US$3 million) was announced last October.
As part of the contract, Ethernity will supply system-on-a-chip devices to enable in-room fiber deployment as an alternative to Wi-Fi.
Another stand was Light Science Technologieswhich jumped 11 percent to 7.4 points after confirming the launch of its “highly innovative products” for the vertical farming market in a controlled environment.
The company, which has a motto to “grow more with less”, says the products could generate £31.4 million in revenue.