Music streaming technology provider 7Digital (Longitude: 7DIG) There are still losses, but the level fell significantly in the first half of 2022. Revenues were a fifth higher at £3.9m. Since the end of June, a contract has been signed with Utopia Music. Last week, Magic Investments SA, a 27% shareholder, loaned 7Digital £500,000 at an interest rate of 5% per annum. This amount is to be paid by October 1, 2023.
Communications semiconductor developer CML Microsystems (LON: CML) It says revenue in the six months to September 2022 is better than the first half of last year. There was additional support from currency movements. Interim results will be published on November 22. Full-year earnings should be above expectations. The share price jumped 11.7% to 391 pence.
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Coal miner MC Mining (LON:MCM) Shares have recovered 25% to 27.5p today, after recent declines due to the A$40 million rights issue announced yesterday. The stock price is still down a third from when it peaked on September 20.
Ireland based accounts software company Glantus (LON: GLAN) He warns that there will be additional operating costs in the second half and fees for moving operations to Costa Rica. Revenues will also be lower than expected. This sent the share price down 58% to 14.5p. Glantus is in the running for AIM’s new worst admissions accolade in 2021. It joined in May 2021 at 102p per share.
Investment company Vela Technologies (LON: VELA) It announced an increase in net assets from £7.2m to £7.38m, including £958,000 in cash, even after the value of the investment portfolio fell. However, the number of shares issued increased after the warrants were exercised, raising £1.23 million. NAV decreased from 0.052 Pa to 0.045 Pa. The share price fell 14.3% to 0.0225p, representing 50% of March 2022 net asset value, but some investments fell in value further.
Online fashion retailer Boho (LON: BOO) It announced a 10% decline in interim revenues to £882 million. This was after taking into account the returns. The largest decline was in the United States. High logistics costs hit profit. Pre-tax profits fell from £638m to £6.2m. Zeus expects a continued decline in revenue and has cut its pre-tax profit forecast for 2022-23 from £44.3m to £1.1m. There was a rebound in boohoo’s share price which was down 2.5% at 35.8p, after being around 31p earlier in the day.
Shares of other online fashion retailers also fell after Boohoo’s results Test (LON: QUIZ) Down 15.3% to 10.225 pence, IN STYLE (LON:ITS) Down 15.1% to 22.5p and Sosandar (LON: SOS) 7.58% lower at 15.25p.