Three things you need to know in the financial markets today from investment writer, Tony Cross.
#1. New contract win for MediaZest
MediaZest LON:MDZ, the AIM listed AV solutions provider, has this morning announced that it has landed a substantial contract with a UK listed company. The client details aren’t revealed although the aggregate contract value is reported as being £200,000 – that’s more than 20% of the company’s market cap. No further details are forthcoming.
- Small Cap Stocks: Guardian Metal, MediaZest, Enwell
- Small Cap Stocks: Chariot O&G, Sancus Lending, Jade Road
- Three Quick Facts: Telecoms Plus, Neo Energy Metals, Gem Diamonds
#2. Gresham lands significant client extension
Gresham Technologies LON:GHT has noted a $1.5m, 5 year contract win with a cash management solutions provider. This involves an existing client replicating their current processes as used in Europe and deploying them in their US operations. The aim is to improve the management of operational and financial risks whilst lowering operating costs. This cross-region replication would clearly make for a good case study.
#3. South African uranium developments advance for Neo Energy Metals
Low cost uranium developer Neo Energy Metals [LON:NEO] has provided an update on its Henkries project in South Africa. Having met several regulatory hurdles and agreed in principle the lease of a new core shed – a move that will significantly reduce site costs – a development decision is moving closer, although still isn’t expected before November 2025.
