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OptiBiotix Health – director to leave, commercial focus to be increased. Buy

OptiBiotix Health (OPTI) has announced that a director and CEO of its operating business René Kamminga is to “leave the business on 28 February 2023 to pursue other opportunities”, with OptiBiotix CEO Stephen O'Hara to resume the role as CEO of the operating business and to “lead a minor restructuring of the business, with further announcements to be made in due course”. So what’s really going on here?

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Shearwater Group – attractive recovery potential?

Shares in “cybersecurity, advisory and managed security services group” Shearwater (SWG) approached 140p last summer and were above 115p in November before results for its half-year ended 30^th September 2022. Having commenced 2023 at 100p, the shares are now available at a 95p offer price and we consider that there is attractive recovery potential from here.

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Renold – a positive business momentum Buy

Manufacturer of industrial chains and related power transmission products used in a wide variety of international industries including manufacturing, transportation, energy, steel and mining, Renold (RNO) recently announced that it “now anticipates that underlying operating profit for the full year will be above current market forecasts” and that there is a “positive market outlook”. This looks far from discounted in the current share price and, as the results and following updates make the financials picture clearer, we expect the shares to spark from here.

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Zytronic – AGM trading update, still a value recovery Buy?

Touch sensors company Zytronic (ZYT) has announced that the average monthly order intake is at levels similar to the second half of the prior year and that “business development and the opportunities pipeline continue to progress positively”. So what of its current valuation?

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Shanta Gold – Singida construction on schedule for first production next month, Buy

Shanta Gold (SHG) has announced continued construction progress at the Singida project in Tanzania, with the mine, which is set to see the company become a 100,000 ounces per annum gold producer, on schedule for first production next month.

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Asiamet Resources – BKM project feasibility study progress update, Buy

Asiamet Resources (ARS) has announced that it has been “extremely busy” progressing a feasibility study update for the BKM copper project in Central Kalimantan, Indonesia, including estimates which are “very positive for the capital cost of the project relative to original inputs”.

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Journeo – positive trading update, still a bit of time to BUY

Technology for transport operators company Journeo (JNEO) has announced that 2022 revenue increased by 35% to £21.1 million, with profit “anticipated to be in line with market expectations” and “good earnings visibility for the current financial year”. So what of a share price which is now up to 133.5p?

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Amaroq Minerals – positive Vagar licence exploration results, Up on our share tip but still a BUY at 43.5p, target 60p

Amaroq Minerals (AMRQ) has announced exploration programme results from its Vagar licence in Greenland and that “current drill intersections suggest that a large tonnage Intrusion Related Gold system is in play”.

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Bluebird Merchant Ventures – good news from the Philippines and news from South Korea set to follow, Buy

Bluebird Merchant Ventures (BMV) states that it is delighted to announce that it has signed an agreement with a Philippine company, whose owners have decades of experience in mining, to develop the high grade Batangas gold project in the Philippines.

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Wynnstay – “exceptional” full-year results, further ahead of expectations to come. BUY

Agricultural supplies group Wynnstay (WYN) has announced what it emphasises are “exceptional” results for its year ended 31st October 2022 and that, though there are now some headwinds, it is still “well-positioned”.