SMALL CAPITALIZATION MOVEMENTS: Quantum blockchain surges; Parsley Can Crash
Quantum Blockchain Technologies has filed its first patent application for its âASIC UltraBoostâ technology used in Bitcoin mining, sending its shares 23% north.
The AIM-listed investment company said the move represented a major breakthrough in Bitcoin mining and pointed out that the technology provides very hardware optimization of the Bitcoin mining algorithm and is based on the research work of the company’s crypto expert.
IDE Group, the provider of managed network, cloud and IT services, has grown by about a third this week after saying it was in advanced talks to sell a subsidiary.
Quantum Blockchain Technologies has filed its first patent application for its ‘ASIC UltraBoost’ technology used in Bitcoin mining
The asking price for IDE Group Connect Limited, a wholly owned subsidiary of IDE, is Â£ 250,000.
The rise in the share price would have been even more impressive if the company hadn’t also released its half-year results this week, which sparked some profit taking. The after-tax loss fell to Â£ 1.3million from Â£ 3.6million in the first half of 2020.
The Digitalbox interim was received a little better, with shares surging 26% after the owner of the Entertainment Daily and Daily Mash websites went into the dark.
Trade has remained strong since the end of the first half of 2021, the company said, with the positive trend in the advertising market continuing alongside very heavy traffic linked to some seasonal TV shows.
The half-year results of Elixirr International, the management consulting firm, have also received market approval.
It would have been embarrassing for a management consulting firm to mess things up, but luckily for the company’s shareholders things appear to be silly, with the company posting a 77% increase in first-half revenue from 2020 while as adjusted underlying earnings soared 78 percent; profit before tax jumped 145% to Â£ 6.4million from Â£ 2.6million the year before.
7digital Group has dropped its temporary workers, which has resulted in a halving of the market value of the business-to-business digital music solutions provider.
The company lowered its revenue expectations for the full year as it said some contracts the company planned to sign in the second half of 2021 are now expected to be completed in the first half of 2022. 7digital said it won’t no longer expected to make a profit in 2021.
There has been a change of custody at Ormonde Mining with the resignation of a number of directors after Tim Livesey, previously a senior independent director of Ormonde, was not re-elected to the board of directors.
Jonathan Henry, the executive chairman; Paul Carroll, the chief financial officer and Fraser Gardiner, the chief operating officer, all resigned their positions after the vote at the annual general meeting which saw Brendan McMorrow and Keith O’Donnell elected to the board of directors, which now includes this pair plus Brian Timmons. All are nominees from Thomas Anderson, who owns 235 shares of the company.
Ormonde shares rose 29% on the week.
Parsley Box, the ready-meal delivery company targeting baby boomers, crashed 45% this week after the company’s business update left a nasty taste in the market’s mouth
It’s been a good week for e-Therapeutics on AIM since the company listed its shares last Friday in the United States on the OTCQX Best Market under the ticker ETXPF.
The AIM-listed computer drug discovery group, which focuses on RNA interference (RNAi), said the move to the US market would help expand the shareholder base.
Management’s hopes appear to have been confirmed with stocks rising 23 percent in the last week of September.
Elsewhere in the health sector, Feedback has announced that it has secured a place in a national procurement framework for the NHS.
The framework involves the provision of artificial intelligence, imaging and radiotherapy equipment and related products and diagnostic imaging to public and private sector organizations.
Feedback actions were 20 percent heavier.
Finally, Parsley Box, the food delivery company that floated on AIM with lots of hoops in late March, crashed 45% this week after the company’s business update left a nasty taste in the market. mouth of the market.
The group said it was facing workforce issues throughout its supply chain and was severely constrained by inventory availability at around 50% of the plan. This put the brakes on expansion plans and the group lowered its forecast for revenue and profits (in fact, losses) for the entire year.
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