Big Technologies higher after winning monitoring contract in New Zealand

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Big Technologies PLC (AIM:BIG) hardened 6.7% to 380p after its Buddi subsidiary was selected as the preferred bidder for the electronic monitoring contract by the New Zealand Department of Corrections.


The status is set to last for five years.


The remote monitoring technology company said that under the proposed contract, it is anticipated that Buddi will provide its electronic monitoring solution for more than 6,000 people across New Zealand.


3.30pm: Horizonte share price goes vertical after Araguaia update


Horizonte Minerals PLC (AIM:HZM, TSX:HZM, OTC:HZMMF, FRA:H5W) shares shot up 9.4% to 8.75p on positive news on its Araguaia ferro-nickel project in Brazil.


The nickel project development company has won approval from the Danish and Finnish export credit agencies for the funding of the Araguaia project.


Denmark’s EKF and Finland’s Finnvera have approved US$146.2mln of the senior secured project finance facility to part fund construction and development at Araguaia, the AIM-listed company said.


3.00pm: Audioboom (AIM:BOOM) falls as prospective bidder loses interest


Shares in bid target Audioboom (AIM:BOOM) Group PLC tumbled 5.2% to 715p after the company ceased to be a bid target.


At least, it ceased to be a bid target of All Active Asset Capital Limited (LSE:CAPD, FRA:C8D), which had previously indicated it was considering making an offer for the podcast specialist.


Audioboom (AIM:BOOM) rebuffed All Active’s approach and today issued a trading statement where it said full-year revenues would be significantly in excess of the board’s expectations at the time of the company’s half year results and said it expected to post an increased adjusted EBITDA (underlying earnings) profit.


2.10pm: Altitude higher after buying spree by non-exec continues


Altitude Group PLC (AIM:ALT) headed 9.6% higher to 40p after the recent spate of share purchases by non-executive director Martin Varley continued.


The operator of a marketplace for personalised products revealed today that Varley recently purchased 39,336p shares, paying 36.7p per share, taking his stake in the company to about 15.94%.


Before the latest purchase, Varley bought 55,565 shares at 37.3p per share last week and 61,000 shares at an average price of 33.7p per share, also last week.


1.40pm: Falcon Oil lower after board rejig


Falcon Oil & Gas Ltd (AIM:FOG, TSX-V:FO) shed 5.0% at 8.05p after it announced Joe Nally as non-executive chair to replace Joachim Conrad.


Conrad will remain on the board as a non-executive director.


Nally is a co-founder of Cenkos Securities and before that, nostalgia fans, he was a partner and director at Williams de Broe.


12.45pm: Thor Mining thunders higher after CIO of Metal Tiger takes over as chair


Thor Mining PLC (AIM:THR, FRA:T5MC, OTCQB:THORF, ASX:THR) has appointed Mark Potter as non-executive chairman of the company with immediate effect.


He replaces Mick Billing after he tendered his resignation earlier this month.


Potter, who has been a non-executive director since 27 August 2019, is chief investment officer of Metal Tiger PLC (AIM:MTR) and a non-executive chairman of Artemis Resources Ltd (ASX:ARV, ASX:ARV).


Shares in Thor thundered 17% higher to 0.875p.


11.50am: Digital 9 rattles the collecting tin again


Digital 9 Infrastructure PLC (LSE:DGI9) shares eased 4.4% to 110p after it provisionally placed shares at 107.5p a pop.


The company is seeking to raise roughly GBP200mln from the fundraising.


The net proceeds of the placing will be used to acquire further assets in line with the company’s investment objective, identified in the company’s pipeline of investment opportunities, as set out when it floated in March of this year.


The investment trust has about GBP670mln of investment opportunities in its sights.


10.55am: i-nexus Global slides as it taps market


i-nexus Global PLC is proposing to raise GBP650,000 through the issue of fixed-rate unsecured convertible redeemable loan notes.


The news sent the shares 4.7% lower to 6.15p.


The loan notes will be convertible at a price of 10p per share at any time before 29 September 2024.


10.00am: S4 Capital finds the market hard to please


S4 Capital PLC (LSE:SFOR) dived 5.1% to 780p as its half-year results failed to come up to snuff.


The digital advertising and marketing services company established by advertising bigwig Sir Martin Sorrell raised full-year like-for-like gross profit guidance for the third time this year but found the market hard to please.


The loss before tax ballooned to GBP19.4mln from a loss of GBP1.0mln in the first half of last year, after charges of GBP47.4mln that included acquisition payments tied to continued employment, share-based compensation and amortisation of business combination intangible assets.


9.05am: New orders lift Image Scan Holdings


Image Scan Holdings PLC (AIM:IGE), up 40% at 3.35p, was the top riser on Monday morning after it revealed a brace of new orders.


The first order is from a UK police force and is for four ThreatScan-LSC portable X-ray systems.


The second order is for a further two ThreatScan-LSC systems and is from a police department bomb squad in the USA. This order is the first sale of Image Scan’s ThreatScan portable X-ray systems in the USA, the x-ray imaging specialist noted.


Going the other way was ITM Power PLC (AIM:ITM), which shed 5.8% at 441p after publishing its full-year results.


The energy storage and clean fuel group saw revenue and project grant funding dip 6% to GBP5.1mln in the year to 30 April 2021 from GBP5.4mln the year before.


The loss before tax narrowed by 9% to GBP26.7mln from GBP29.4mln the previous year.

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