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TomCo Energy plc (LON:TOM) was a hot property on Monday, rising 63% to 1.225p after a sigificant shareholding by Sebastian Marr was revealed.

Marr has a 5.58% stake in the company, having notified the energy company of ownership of 275.8mln shares.

2.30pm: ClearStar bags contract with facilities management company

ClearStar Inc (LON:CLSU) chief executive Robert Vale described as “another fantastic customer win” a screening services contract with a leading facilities management company.

Worth at least US$400,000 a year, it is the firm’s first in the facilities management field.

The unnamed customer has over 120,000 locations under management in a range of industries.

1.30pm: Serabi Gold confident it made a good impression at public hearing

Shares in Serabi Gold PLC(LON:RB,TSX:SBI) rose 9.3% to 88.5p after the long-awaited public hearing for its Coringa Project finally took place.

The company believes that the various government bodies in Brazil formed a positive view of the company and its proposals for progressing the Coringa Project.

The gold exploration and mining company also announced that the newly installed ore sorter at the Palito Complex is now well underway.

12.45pm: MTI Wireless Edge all right on the eastern front

MTI Wireless Edge Limited (LON:MWE) has won a contract worth around US$1.5mln to supply radio frequency components, sending the shares 9.1% higher to 42p.

The order, from a Russian customer, is for delivery this year by the company’s MTI Summit subsidiary.

“Since the acquisition of Summit by MTI in 2013, this division has traded under the MTI Summit brand and has been growing very satisfactorily. Customers are increasingly recognising our ability to source radio frequency and microwave components and to be an active partner in helping to solve design challenges by offering suitable components for a particular solution,” said Moni Borovitz, MTI’s chief executive officer.

11/45am: UP Global Sourcing hit by Chinese manufacturing delays

UP Global Sourcing Holdings PLC (LON:UPGS) tumbled 8.7% to 59.8p after it alerted investors to how much of the group’s manufacturing is based in China.

“The extension of the Chinese New Year holiday by nine days to today (Monday 10 February) in the group’s main manufacturing areas is expected to cause production delays,” it revealed.

Nevertheless, the board expects results for the year to the end of July will be in line with market expectations.

10.45am: Watchstone ready to proceed with capital repayment to shareholders

Watchstone Group PLC (LON:WTG), the company previously known as Quindell, cheered the market on Monday with a pay-out proposal that bolstered the share price by 4.4%.

The technology company focused on the insurance industry finally completed the sale of its Healthcare Services business on Friday, giving it roughly £90mln in cash, which is about 195p per share.

Watchstone will now proceed with plans for a further court-approved capital repayment to shareholders; the current plan is to return at least £50mln (representing at least 110p per share) before the end of June 2020.

9.55am: NMC Health hops off its sick bed

NMC Health PLC (LON:NMC) topped the Footsie leader-board with a 6.9% rise at 748p after it emerged US private equity firms are sniffing around.

The embattled Middle East hospitals owner says it has received two “highly preliminary” bid approaches from Kohlberg Kravis Roberts and GK Investment.

Both potential suitors have until 5pm on 9 March to make a firm offer, according to London takeover rules.

9.00am: Audioboom Group soars as it puts itself in play; Brave Bison snap(chat)s to it

Podcast outfit Audioboom Group PLC (LON:BOOM) topped the risers with a 19% gain to 265p after it confirmed media speculation it is up for sale.

The company has retained Raine Advisors as its financial adviser to examine strategic options for the company, such as strategic partnerships, financial investment, business combinations and potentially the sale of the company.

The company said it has not yet received any bid approaches.

Sector peer Brave Bison Group PLC (LON:BBSN), the social video company, surged 18% to 1.325p after it bragged about the success of its Snapchat show.

The show, which is called Slick and is focused on male grooming (the beard, hair and skincare kind), has attracted more than 40mln unique viewers in less than two months, Brave Bison said.

Traditionally, the company has focused on Facebook and YouTube but recently has been branching out to use Snapchat, a multimedia messaging app that is particularly popular with “da yoof”.

Proactive news headlines

Intellectual property specialist Tekcapital PLC (LON:TEK) said one of its portfolio companies is working on a technology that could be used to treat coronavirus victims. Belluscura and its research partner Separation Design Group have filed a patent on an oxygen enrichment system for people suffering acute respiratory distress, which occurs in those worst affected by the illness.

ClearStar Inc (LON:CLSU) chief executive Robert Vale described as “another fantastic customer win” a screening services contract with a leading facilities management company.

Angling Direct PLC (LON:ANG) has appointed Andy Torrance as its new chief executive to replace Darren Bailey who is stepping down after 17 years at the retailer.

Iconic Labs PLC (LON:ICON) has delivered an update to investors following the relaunch of its LGBTI+ news website, Gay Star News (GSN), at the end of January.

NEX-listed Sativa Group PLC (LON:SATI) expects gross profit and underlying earnings (EBITDA) for the year to 31 December to be ahead of guidance.

Cabot Square Alternatives Plc (LON:ALTS) has updated on plans for its initial public offering (IPO) ahead of its float on the London Stock Exchange next week.

MTI Wireless Edge Ltd (LON:MWE) has won a contract worth around US$1.5mnn for the supply of radio frequency components.  

Sustainable polymers specialist Itaconix PLC (LON:ITX) has unveiled a new line of functional additives derived from itaconic acid that can be used across a number of product areas, including paints and biodegradable plastics.

Crossword Cybersecurity PLC (LON:CCS) said revenues for 2019 are expected to come in at £1.3mln, in line with market expectations.

Xpediator PLC (LON:XPD) said profits were in line with expectations as turnover rose by nearly 20% in 2019 as the freight management specialist enjoyed the benefits of acquisitions and organic growth.

BATM Advanced Communications Ltd (LON:BVC) has secured a third contract for its agri-waste treatment solution with a major poultry processor in the Middle East.

Shanta Gold Ltd (LON:SHG) is to purchase 100% of the shares of Acacia Exploration (Kenya) Ltd, the local Kenya subsidiary of Barrick Gold (NYSE:GOLD)(TSE:ABX). The primary asset is a 100% participating interest in the West Kenya project which has a resource currently pegged at just under 1.2mln ounces. 

Panther Metals PLC (LON:PALM) has been granted an exploration licence over the Annaburroo gold project in the Northern Territory of Australia. 

Thor Mining PLC (LON:THR)(ASX:THR) has completed the sale of its stake in Hawkstone Mining Ltd (ASX:HWK) for A$103,000.

Rose Petroleum PLC (LON:ROSE) has received regulatory approval in Utah to extend its lease over the Paradox project, securing some 11,300 acres in the core project area for two more years. In the Rocky Mountain region, which is now Rose’s main focus, the company said it has achieved key milestones in the process of acquiring the McCoy lease – a 317 acre area in Colorado’s Denver-Julesburg Basin.

Cadogan Petroleum Plc (LON:CAD) told investors that net production grew by 15% in 2019, even after a 30-day shut down for certain operations during the fourth quarter.

Tower Resources PLC (LON:TRP) told investors that the well site survey is now complete at the Thali licence, offshore Cameroon.

Bahamas Petroleum Company PLC (LON:BPC) said an extension has been made to the deadline for qualified Bahamian investors to invest in a Bahamian incorporated mutual fund that will invest in the company. Leno Corporate Services Limited, which is managing the fund, has extended the initial subscription period by three days to 5pm EST on Wednesday 12 February.

Ormonde Mining plc (LON:ORM) said it has identified two new non-executive director nominees to replace Michael Donoghue and John Carroll, assuming completion of the proposed disposal of the company’s 30% interest in the Barruecopardo Tungsten mine. The proposed disposal is up for a shareholder vote at a general meeting on Thursday 13 February.