AIM-listed Smarttech 247 had a good start to the first full week back following an update to its full year results to 31st July 2024. Final publication is imminent but full year revenues are expected to be in excess of €13million, an 8% increase year-on-year, whilst adjusted operating profits should exceed €750k. Annual recurring revenues increased by 50%, with continued growth in this subscription model seen as a key driver of future success. The Smarttech 247 share price was trading up by 16% in early trade.
The FTSE-250 listed miner with its operating base in central Ukraine published a series of updates around the year end. Whether that’s behind the gains which have been posted this morning remains to be seen, but optimism is arguably high that a change in US administration later this month may have the potential to mark an end to the war in Ukraine. The share price fell by more than 50% when Russia mounted its offensive on the country, but having tested lows around the 40p mark last September, the stock now trades comfortably above £1. At 9am, the Ferrexpo share price was more than 7%.
Again, reflective of today’s low levels of newsflow, Arrow Exploration makes it onto our list with a relatively small move in the share price. The company delivered an update on the operational activity at the Alberta Llanos field on the Tapir Block in the Llanos Basin of Colombia where Arrow holds a 50 percent beneficial interest. Despite this being seen as low risk and a material discovery for the firm, the initial market reaction was negative, with the Arrow Exploration share price down as much as 7.5% shortly after the open, although losses proved to be short lived.
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