MyHealthChecked in fine fettle amid dramatic revenue increase


Shares in home-testing healthcare group MyHealthChecked PLC (LON:MHC) had a spring in their step in late afternoon, rising 8.5% to 3.9p after the company said that revenues had increased “dramatically” in its first half.

In a trading update for the six months to June 30, the firm said demand for coronavirus testing services had helped boost its revenues to GBP3.27mln from just GBP12,700 a year ago.

The group added that it was likely to increased revenue levels would continue over the summer and will have a “positive impact” on its results for the full year.

In the fallers, estate agency Foxtons Group PLC (LON:FOXT) slipped 0.2% to 58.9p after it said its long-standing chairman Ian Barlow is to stand down after almost nine years in charge.

The departure follows a huge revolt against the board’s pay at the recent AGM with almost 40% of shareholders voting against the remuneration report.

1.00pm: Starcom shimmers as it secures keyless padlock trial with DHL

Starcom PLC (LON:STAR) shone brighter in lunchtime trading, rising 5.4% to 1p after the wireless systems and remote tracking specialist said it has secured a trial with logistics giant DHL for its Lokies keyless padlock system.

The company said DHL will examine the product at one of its main global hubs in Singapore with a view to potentially trialling the padlock with some of its customers, as well as potentially expanding the studies to other centres in the DHL network.

In the blue-chips, Lloyds Banking Group PLC (LON:LLOY) inched 0.3% higher to 46.6p after the bank announced that it is becoming a private landlord and said it wants to acquire more than 1,000 residential properties by the end of next year.

The black horse said it expects to have its first tenants within the next few weeks in Fletton Quays in Peterborough under the new brand name “Citra Living”.

Meanwhile, new market entrant Wise PLC (LON:WISE) was advancing following its direct listing this morning, with the shares trading at around 823p, 2.9% higher than their initial valuation of 800p each.

The initial valuation gave the firm a market cap of GBP8bn, bang in the middle of its estimated range of between GBP7-GBP9bn.

11.00am: Hurricane Energy spins lower as it completes abandonment of Lincoln-14 well

Hurricane Energy PLC (LON:HUR) shares were suffering some headwinds in late morning trading, dropping 2.3% to 3.6p as the company said it had completed the plugging and abandonment of its Lincoln-14 well in the North Sea.

The firm said the operation has been completed on schedule and on budget, adding that the semi-submersible rig contracted to undertake the work has now been released.

In the risers, Catenae Innovations PLC (LON:CTEA) jumped 2.6% to 1p after revealing that its subsidiary Hyperneph has developed a cloud-based platform and mobile app now used by a charity working with public sector organisations.

The agreement, which carries an initial contract value of GBP12,500, is for a period of up to 12 months and is currently on trial in a major UK city.

The charity is using it to introduce an individual to a service provider and track the progress of their initial engagement, in respect of privacy regulation.

Forestry group Woodbois Limited (LON:WBI) was also on the up, rising 1.5% to 4.7p after it said it is on track to become cash flow positive and profitable this year.

The company said it expects a step-change in the pace of revenue growth as well as further margin improvement once the freight industry normalises, which experts have forecast for later this year or early 2022.

8.45am: Coro Gold shines as it hits ‘world class’ intersection

Coro Gold Ltd (LON:CORA) was a bright spot in early deals, surging 37.5% to 11p after the company said it had hit a “world class intersection” during drilling at its Sanankoro gold project in Southern Mali.

The group said results from Zones A and C at the site further reinforced the mineable quality of Sanankoro’s gold structures, adding that the drilling results continued the trend of “good widths and high grades”.

Coro added that the gold grades were also higher than historical results in Zone A and B and offered potential further upside.

In other gold-related news, Ariana Resources PLC (LON:AAU) jumped 5.9% to 5.2p after it said drilling results had confirmed gold to be a significant component of the Kokkinoyia deposit within the Magellan project in Cyprus.

The average grade of the mineralised zone returned 128.77 metres at 0.5% copper and 0.55 grammes a tonne (g/t) gold, based on results from the first hole. Eight remaining holes are pending assay results, which will be released within the coming weeks.

Meanwhile, ECR Minerals PLC (LON:ECR) was also on the up, rising 1.3% to 1.8p after work programmes for three exploration permits (EPM) at its Lolworth District licence territories in North Queensland, Australia, were approved by the Department of Resources and Environmental Authority.

The EPM licenses have yet to be approved, but now that the work programmes have been approved, the EPM’s will be advertised, following which there will be a four-month consultation period. The company said it believes the licences should be granted in about six months.


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