RBL byproducts company ADM Energy (LON: ADME) has sent its circular covering the planned capital reorganisation and £313000 share issue

Oil and gas company ADM Energy (LON: ADME) has sent its circular covering the planned capital reorganisation and £313,000 share issue at 0.1p/share. There are also plans to divest the stake in the Aje oil field in Lagos.

ADM Energy (LON:ADME) shares shot up 26.7% after it sent out a circular regarding the planned capital reorganisation and an upcoming share issue at 0.1p each. They also plan to sell their stake in the Aje oil field in Lagos and the proceeds may be distributed to shareholders.

Helium One Global (LON:HE1) shares soared 19.8% as it received an offer for a mining licence for the South Rukwa helium project in Tanzania. The Jackson-31 well at the Galactica helium project in Colorado has been drilled and free gas was confirmed by wireline logs. Blue Star Helium is the operator.

Broadband provider Bigblu Broadband (LON:BBB) is launching a tender offer of up to 40p per share for new shares, aiming to raise up to £6.1m. The offer is expected to close on 22nd April.

Tiger Royalties and Investments (LON:TIR) has launched the Tiger Cohort AI Agent Accelerator Programme. Eight entrepreneurs developing utility meme coin projects will participate and two will each receive an investment of £250,000 and ongoing resources for further development.

Finseta (LON:FIN) has launched its Finseta corporate card, which is co-branded with Mastercard. It will be usable in more than 200 countries. Finseta will receive a fee based on the value of each transaction. Income should be generated in the first half of 2025 and the gross margin is higher than the core business. The 2024 results will be reported in April.

Versarien (VRS) has completed the sale of its South Korean assets, and the total cash received is £611,000. An IP licence has been granted to acquirer MCK Tech, which has to deliver sales of at least £250,000 over the first two years or the licence will be terminated and £40,000 will be payable.

Telematics provider Quartix (LON:QTX) reported an 8% increase in 2024 revenues to £32.4m, while pre-tax profit improved by one-quarter to £6.3m. The final dividend is doubled to 3p per share, taking the total to 4.5p per share. Annualised recurring revenues are £32.2m. Cavendish has upgraded its 2025 pre-tax profit forecast to £7m.

RISERS

ADM Energy (LON:ADME) shares shot up 26.7% after it sent out a circular regarding the planned capital reorganisation and an upcoming share issue at 0.1p each. They also plan to sell their stake in the Aje oil field in Lagos and the proceeds may be distributed to shareholders.

Helium One Global (LON:HE1) shares soared 19.8% as it received an offer for a mining licence for the South Rukwa helium project in Tanzania. The Jackson-31 well at the Galactica helium project in Colorado has been drilled and free gas was confirmed by wireline logs. Blue Star Helium is the operator.

Broadband provider Bigblu Broadband (LON:BBB) is launching a tender offer of up to 40p per share for new shares, aiming to raise up to £6.1m. The offer is expected to close on 22nd April. Net debt was £6.6m at 31 December 2024 and the sale of the Australian business has brought in more cash to repay that debt. The share price is 16.1% higher at 32.5p.

Tiger Royalties and Investments (LON:TIR) has launched the Tiger Cohort AI Agent Accelerator Programme. Eight entrepreneurs developing utility meme coin projects will participate and two will each receive an investment of £250,000 and ongoing resources for further development. The share price improved 15.8% to 0.11p.

Finseta (LON:FIN) has launched its Finseta corporate card, which will be co-branded with Mastercard and usable in more than 200 countries. Finseta will receive a fee based on the value of each transaction. Income should be generated in the first half of 2025 and the gross margin is higher than the core business. The 2024 results will be reported in April. The share price is 9.84% ahead at 33.5p.

Versarien (VRS) has completed the sale of its South Korean assets, and the total cash received is £611,000. An IP licence has been granted to acquirer MCK Tech, which has to deliver sales of at least £250,000 over the first two