Physiomics plc (PYC), a leading mathematical modelling, data science and biostatistics company supporting the development of new therapeutics and personalised medicine solutions, announces that all resolutions put to shareholders at the general meeting, called by Mr Michael Whitlow, held today were passed. As a result, Mr Michael Whitlow, Mr Ian Bagnall, and Mr Nicholas Tulloch have been appointed to the Board. In addition, Dr Peter Sargent, Mr Shalabh Kumar, and Dr Tim Corn, have been removed from the Board with immediate effect.
Comment: Well, it would appear that if you want to get rid of a board, Messrs Whitlow, Bagnall and Tulloch. Now, let me see, what company could be next? And at what company would one like to see the board ousted?
Empyrean Energy plc (EME), the oil and gas exploration and development company with interests in Australia, Indonesia, and the United States, updated on progress at the Duyung PSC and the Mako Gas Field in Indonesia. Following Empyrean’s announcement on 3 March 2026 in which Conrad Asia Energy Ltd (ASX:CRD)) and its majority-owned subsidiary, West Natuna Exploration Limited, as operator, approved the Final Investment Decision (“FID”) for the Mako Gas Project, Conrad have advised the market that project development activities remain on track.
Comment: It is good to see the “new” EME continue to be a brighter light than its old incarnation. On saying this, it is perhaps disappointing that the share price remains in recent ranges, and with a market cap of £3m.
IG Design Group IGR), a leading designer, innovator and manufacturer across various celebration and creative categories, provided an update on its financial performance for the year ended 31 March 2026 and post year-end material developments. The trading update refers to the continuing business of the Group only, excluding adjusting items and losses related to the disposal of DG Americas announced in May 2025. Following the positive trading update issued in February, the Group has continued to experience good trading momentum, and the Board is pleased to announce that FY2026 results are expected to be ahead of market consensus and Board expectations*. The Group expects to report FY2026 revenues of c$292 million and adjusted operating profit of c$12.8 million, representing an adjusted operating margin of 4.4%, and delivering adjusted profit before tax of c$11.5 million.
Comment: A knock the ball out of the park update from IGR, only hampered by the way that the company does not perhaps have the investor appreciation that it should have. Saying that, perhaps it does not really need it, given that it is going great guns.
Iofina (IOF), specialists in the exploration and production of iodine and manufacturers of specialty chemical products, announced its audited full-year results for the 12 months to 31 December 2025. Increased iodine production, reflected in rising crystalline iodine sales, drives 22% revenue growth. Adjusted EBITDA1 of $11.8m (2024: $7.6m); 56% increase. Operating profit of $8.7m (2024: $5.0m); 74% increase. Profit before tax of $8.4m (2024: $4.8m); 75% increase.
Comment: Anyone listening to or speaking with IOF’s CEO over the years will know that he is a steady pair of hands, and certainly a company builder. What will be interesting to see if whether the market gives this excellent niche player more love.
Brave Bison (BBSN), the next-generation marketing and technology partner for global brands, today released its audited results for the year ending 31 December 2025. FY25 Adj. PBT and EBITDA ahead of consensus expectations. FY26 outlook upgraded following 18%+ organic growth in MiniMBA and continued momentum in Sport & Entertainment.
Comment: BBSN has been one of the better and less volatile of small cap winners over the past couple of years, and once again one did not have to guess the success was coming, it was all, and still is, all in the management.
80 Mile PLC (80M), the AIM, FSE, and OTC listed exploration and development company with projects in Greenland, Finland and Italy, confirms that Greenland Energy Company (“GLND”), the Nasdaq listed joint venture partner of 80M, with the ticker “GLND”, has closed a public offering of shares and warrants, raising gross proceeds of approximately US$70 million. GLND intends to use the net proceeds from the offering to fund exploration and appraisal activities in the Jameson Land Basin, as well as for general corporate purposes. Under the terms of 80 Mile’s definitive joint venture agreement, GLND is entitled to earn up to a 70% interest by funding 100% of the costs associated with drilling two exploration wells at the Company’s Jameson project. 80 Mile will retain a 30% interest in Jameson through its wholly owned subsidiary White Flame Energy A/S.
Comment: Shares of 80M had a stellar Q1 2026, and have since somewhat come off the boil, even though news such as today’s underlines the fundamental momentum, and might suggest to some that the company remains under-rated, especially below 1p a share.
Ajax [AQSE: AJAX], the natural resources investment company, announced that it has agreed to invest a total of £200,000 in Reveille Resources Limited, a European-focused investment company, intending to list on the Aquis Stock Exchange Growth Market. The investment will result in Ajax becoming a majority shareholder in Reveille, and will be made in two equal tranches, with the first tranche being invested immediately for an initial 25% of the issued share capital. Reveille intends to use these funds to pursue the admission of its shares to trading on the AQSE Growth Market.
Comment: Another day, another RNS, and an exciting one, even within the context of the company’s recent history. We see AJAX in full deal making mode, with being an investor in a future IPO certainly noteworthy.
B HODL Plc (AQSE: HODL), the first British company founded for Bitcoin accumulation and revenue generation from the Bitcoin in its treasury, announced the purchase of Bitcoin as part of its ongoing treasury strategy. The Company remains focused on the disciplined acquisition of Bitcoin to build a long-term strategic reserve that also powers B HODL’s Lightning Network operations. This purchase was funded through a combination of proceeds from the Company’s At-The-Market (“ATM”) programme and its Capital Redeployment Programme in order to increase Bitcoin per share and enhance the productivity of the Company’s balance sheet. The Board intends to continue utilising both programmes opportunistically where market conditions allow for accretive Bitcoin acquisition.
Comment: It is almost quaint to see HODL buy BTC like its 2025, although we do know that the company raised a decent chunk of change deliberately so that if there was another nuclear winter in the crypto space they would be just fine and dandy.
