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Cambridge Cognition climbs on 'strong' H1 results
Cambridge Cognition climbs on 'strong' H1 results
Cambridge Cognition Holdings PLC (AIM: COGC) advanced 12% to 120.7p after confirming it followed up a strong performance last year with 44% growth in orders and 31% revenue growth in the first half of 2022.
Revenues of £5.9mln were generated in the first half and order intake was £7.2mln, the brain health assessment company said in a trading update ahead of interim results in September.
The cash position was £8.6mln at the half-year stage.
The company said it has a “healthy and growing qualified pipeline of opportunities for the second half”, with a contracted order book at £18.6mln, having increased by £1.5mln since the start of the year.
Based on this visibility over future revenues, the company said it provides a foundation from which it “can continue with its plans to invest in product and commercial development to further expand the business.”
11.20am: Beckham-backed Guild rockets thanks to Coke
David Beckham-backed Guild Esports PLC (LON:GILDG) (LSE:GILD, OTC:GULDF) surged 44% to 2.4p said it signed a one-year global sponsorship deal with The Coca-Cola Company (NYSE:KO).
Coca-Cola becomes the Esports teams’ sixth sponsor, while also making it the first European Esports team to sign a global sponsorship with the iconic drinks brand.
According to a statement, the total contract value is “confidential and payable in cash.”
"Guild is signing up some of the world's most respected brands and we are very proud to welcome Coca-Cola as a sponsor and partner,” said Guild Esports' chief executive Kal Hourd.
“They want to collaborate with Guild because we deliver great entertainment and memorable experiences for a millennial, hard-to-reach audience in one of the fastest growing segments of the sports entertainment industry."
9.50am: Greatland rises
Greatland Gold Plc (LON:GGPL) (AIM:GGP, OTC:GRLGF) jumped 13% to 11.4p said partner Newcrest will have to pay US$60mln to acquire an additional 5% stake in the Havieron gold project in Western Australia after a ruling by an independent arbitrator.
An adjudicator was brought in after the two parties couldn’t agree on a price for the option as stipulated under a process established when Newcrest initially bought into the prospect in 2019.
Newcrest now has 30 days to make a decision on the option, which if it goes ahead, would increase its holding in the Havieron project to 75%.
Shaun Day, Greatland’s managing director, said the decision reflected a value uplift of five times compared to the stage 1 pre-feasibility study published in October 2021 but did not in Greatland's view “represent a true market value for Havieron”.
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