Three things you need to know in the financial markets today from investment writer, Tony Cross.
#1. Bidstack licensing deal outlined
Bidstack Group LON:BIDS has this morning announced it has entered into a non-binding heads of agreement for a multi year partnership with Virtual Sports Technology Limited. This would pave the way for a multiyear deal, with Bidstack providing the partner with exclusive access to its proprietary video game management system. In addition to licensing fees, Bidstack would also retain a 70% revenue share. It’s early days yet but this could be one to watch.
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#2. Premier African Minerals interims disappoint but asset base up
Premier African Minerals LON:PREM has published interim results to 30th June today. The CEO statement opens with the suggestion that this will be the last time interims that do not include cash generative operations will be published from him, which can be read one of two ways… Despite losses, the company has bolstered its asset base over the last year and there’s confidence that with plant installations now complete, production can accelerate.
#3. Further investment made into Aston Martin
Aston Martin Lagonda LON:AML has advised that the Yew Tree consortium has agreed to purchase a further tranche of stock in the company, taking its holding to in excess of 25%. Whilst there’s a clear expression of confidence here, will long term investors be getting jittery when it comes to the longer term ownership structure?
