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Risers and Fallers: Braveheart, Gulf Keystone, Koovs, Laird, Satellite Solutions, Westminster Group

Published: 22:00 29 Jul 2016 AEST

Trader

Below are some of the main news-driven share price changes at 12.45pm.

RISERS

Braveheart Investment Group PLC (LON:BRH), up 145%. Investment manager Braveheart confirmed one if its investee companies is close to being sold for a ‘significant profit’.

Westminster Group PLC (LON:WSG), up 23%. Both of Westminster's passenger ferries will begin sea trials next month as the service in Sierra Leone moves closer to starting, while the group has made significant progress on the Middle East airport deal.

Gulf Keystone Petroleum Limited (LONLGKP), up 22%. The Middle East-focused Norwegian oiler DNO is proposing to put long-suffering investors in Gulf Keystone out of their misery with a US$300mln cash and shares bid for the UK group.

FALLERS

Koovs PLC (LON:KOOV), down 16%. The online Indian fashion firm posted strong growth in revenue – about 150% year-on-year – but losses shot up to 1.65bn rupees from 923mln rupees the year before.

Satellite Solutions Worldwide Group PLC (LON:SAT), down 13%. The global communications company is raising cash to pay for a couple of acquisitions.

Laird PLC (LON:LRD), down 13%. The wireless systems and performance materials specialist warned it is facing a few challenges in its Novero and WACS businesses.


Below are some of the main news-driven share price changes at 9.15am.

RISERS

Billington Holdings PLC (LON:BILN), up 19%. The structural steel and construction safety solutions specialists said full-year results are expected to be significantly ahead of expectations.

Craven House Capital PLC (LON:CRV), up 13%. The shares took a biffing yesterday when it was revealed they would not be moving to the Specialist Fund Segment of the London Stock Exchange’s main market, but they have recovered somewhat today following an update on the proposed share reorganisation.

Gear4Music (Holdings) PLC (LON:G4M), up 11%. The trading update from the online retailer of musical instruments was “gear”, as the Fab Four used to say. Sales in the four months to the end of June were up two-third year-on-year.

FALLERS

Nyota Minerals Limited (LON:NYO), down 26%. The shares had an inexplicable surge in the middle of the month but are in the doghouse today after a threadbare quarterly activities update.

Essentra PLC (LON:ESNT), down 21%. Another downbeat trading update from the engineering and plastics group, which said hard times had continued since its June profit warning.

Sylvania Platinum Limited (LON:SLP), down 20%. The platinum group metals producer found the market hard to please as it reported the second highest quarterly production in the history of the company.   

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