Three things you need to know as the UK financial markets open, from Tony Cross.
#1. SEEEN H1 update shows strong sales growth
The media and technology platform SEEEN issued an update on its H1 performance this morning, noting that good momentum from last year had been sustained and the pipeline of orders continues to grow. This note also includes audited number for FY23 showing losses as sustained but shrinking and margins improving, too. Publication of these numbers has allowed the company’s share listing to be restored.
- Small Cap Stocks: Gfinity, Seeen, Blue Star Capital
- Three Quick Facts: Tasty, STM, SEEEN
- Three Quick Facts: Feedback, Kibo, SEEEN
#2. Pipehawk subsidiary eyes administration
Pipehawk has this morning announced that it is taking steps to potentially place its subsidiary QM Systems into administration owing to financial pressures faced by the division after two expected orders failed to materialise. Management add that this course of action will protect QM’s creditors and should allow the remainder of the group to continue trading as a going concern.
#3. Kingswood Holdings CEO make swift departure
AIM listed Kingswood Holdings issued a note this morning highlighting the appointment of an interim CEO following the sudden departure of the current Chief Exec. There’s little additional detail here but the lack of succession planning here and the timing of the announcement could raise a few eyebrows.
