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SMALL KAPCHASCHI: Actual experience falls; Engage XR rises

Actual experiencea provider of digital workplace management systems, lost more than half of its value when a customer terminated a contract.

The company has received a message from a partner through the channel that one of its customers, the world’s leading energy supplier, will terminate its contract with Actual Experience.

The contract, originally announced on August 23 last year for a total of about £ 1 million over three years, will run until August 18 this year. This contract brought in revenue of £ 200,000 or so during 2021.

Naked wines The stock price also fell by half after he told the market he would not seek growth at any cost.

The actual experience lost more than half of its value when the client terminated the contract

“Our recommendation is that this year we intend to trade at break-even or around,” said Nick Devlin, the group’s CEO.

“We believe this is a responsible balance to be achieved in fiscal year 23, bearing in mind the levels of macroeconomic uncertainty, as well as the opportunities we see ahead and the potential for destructive models like ours to gain traction in difficult times. when consumers overestimate their purchase choices. ‘

It should be noted that the statement of intent has left a sour taste in the mouths of investors.

TP Group lost only a third of its value – a small consolation to shareholders – after he said the publication of results for the whole year would be delayed.

The usual deadline for checking accounts for the previous year is the end of June. TP Group, a security consulting engineer, now has until the end of September to publish results for the full year.

The delay is a bit surprising because in early June, the group said the audit had been advanced, raising suspicions that auditors might have found in the accounts something that required further investigation.

Among the lowercase letters that go above, Phoenix Global Resources caught the eye as it confirmed that the 84 percent shareholder of Mercuria Energy Group is considering buying out minority shareholders and transferring the company to a private one.

Shares rose 29 percent to 6,475 pence after Phoenix revealed that any offer would likely be around 7.5 per annum.

Engage XR HoldingsThe virtual reality communications technology company has signed HTC and Stanford University’s Virtual Human Interaction Lab has been confirmed as a partner to launch the Metaverse Group’s enterprise offering.

The launch is scheduled for the fourth quarter of 2022.

Engage said HTX and the lab will use the Engage MetaVerse platform to create and design their own MetaWorlds, allowing them to interact with stakeholders, conduct real business transactions and professional virtual events in the ENGAGE ecosystem.

Shares of Engage rose nearly 29 percent to 13.5 pence.

AssetCodescribing itself as a “smart asset and wealth management company”, has reached an agreement to acquire SVM Asset Management for around £ 10.7 million.

AssetCo quickly jumped to 860p, up 25 percent for the week.

IOGthe British gas and infrastructure operator, jumped 20 per cent to 28.25 pence after a well-received corporate upgrade.

Andrew Hockey, the group’s executive director, said production at the Saturn Banks project in the North Sea continues to recover as planned and stands at up to 54 million cubic feet per day (million cubic feet per day) now with 30 million cubic feet per day. days. early June.

“Given the planned and unplanned downtime, we expect to produce 45-60 million cubic meters. feet a day for an average of 22 years 22 years, ”Hockey said.

Hurricane energy stormed 17 percent higher to 7,375 pence after the appointment of Robin Alan, former director of Premier Oil, as independent non-executive director.

The company did not always have a better relationship with the city, and Alan’s appointment was clearly warmly welcomed.

Alan will chair the Committee on the Environment, Social and Public Administration (ESG) and will become a member of the Technical Committee.

Speaking of relations with the city, Iofina announced the appointment of Chrystal Capital Partners as a financial advisory partner.

Chrystal Capital will provide strategic advice on the company’s approach to stock markets and business growth, including assisting in collaboration with new mutual funds, single-family offices and individuals with ultra-high value.

The shares of Iofina, a manufacturer of specialty chemicals and specialists in the exploration and production of iodine, rose 14 percent in a week.

Finally, to the game world and Game spheres and Bidstack Group.

The gaming industry rose 14 percent to 25,175 pence after the Connecticut Department of Consumer Protection granted it an online gaming service provider license.

The developer and licensor of mobile-focused gaming content is now licensed in four U.S. states.

Meanwhile, Bidstack, which has smart technology that inserts unobtrusive advertising into computer games, advanced 12.5 percent to 2.7 pence after naming David Reeves its chairman before moving to Donald Stewart’s successor in September.

Reeves joins the board with more than 30 years of global experience in senior management positions in the video game industry, including positions at Sony, Capcom, E Fundamentals and Keywords Studios.

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SMALL KAPCHASCHI: Actual experience falls; Engage XR rises

Source link SMALL KAPCHASCHI: Actual experience falls; Engage XR rises

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