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Pin to quick picksBlue Star Share News (BLU)

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AIM WINNERS & LOSERS: Cap-XX surges as settles agreement with Tesla

Thu, 21st Mar 2024 10:43

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Cap-XX Ltd, up 76% at 0.34 pence, 12-month range 0.058p-2.90p. The manufacturer of supercapacitors for portable electronic devices says that it has been signed a settlement agreement with Tesla Inc. "Whilst the terms of the settlement agreement are confidential, they do not involve payments to Tesla that the board of CAP-XX considers to be material to the company," Cap-XX says. Back in September 2019, Cap-XX alleged that Maxwell Technologies had directly and indirectly infringed on CAP-XX's patents for several capacitor products. Maxwell, a California-based manufacturer of energy storage and power delivery products, was acquired by Tesla in 2019 for USD218 million. However, last year, Tesla filed a counter complaint against Cap-XX in a US District Court, alleging infringement of two patents by Cap-XX.

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Getech Group PLC, 8.4% at 8.95p, 12-month range 4.10p-15.95p. The geo-energy and green hydrogen company says it has made a "strong" start to 2024. Revenue for the first two months of the year are about 40% ahead of the same period in 2023. In 2024 to date, Getech has secured contract wins totalling GBP900,000, including three new annual software subscription customers as well as the renewal of eight annual licenses for the Globe geoscience platform and software products. Chief Executive Richard Bennett comments: "Getech has had a good start to 2024, and I am pleased by the improved financial position of the company. Importantly, prospects for the business continue to build as we retain our long-term clients, as well as attract new brands to our growing subscription base."

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AIM - LOSERS

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Blue Star Capital PLC, down 20% at 0.026p, 12-month range 0.026p-0.25p. The investment company reports a pretax loss of GBP6.3 million for the financial year that ended September 30, 2023, widened from GBP1.3 million in financial 2022. The main factors behind the significant loss were the write down in value of the company's investments in Dynasty Media & Gaming and Sthaler and losses incurred on the realisation of the company's quoted investments. Executive Chair Tony Fabrizi says: "The last year was one of considerable disappointment for all those connected with Blue Star. The material and unexpected write down in value in our investment in Dynasty has had a significantly detrimental impact on the company's net asset value and this has obviously impacted sentiment towards the company."

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Blue Star Capital Interim Loss Widens On Investment Write Down

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Blue Star Capital invests in blockchain firm SatoshiPay

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Blue Star Launches GBP700,000 Placing To Fund Blockchain Investment (ALLISS)

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Blue Star Capital Continues To Monitor Opportunities As Loss Narrows

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7 Jun 2016 09:01

Blue Star's Investment In Sthaler Doubles In Value After Fundraising

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25 May 2016 08:25

Blue Star Capital Sells Stake In Vigilant Applications For GBP220,000

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4 Mar 2016 16:30

Blue Star Capital swings to loss in 2015

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Blue Star Capital Continues To Search For Investments, Swings To Loss

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Blue Star Capital Takes Note Of Nektan's Fundraising

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30 Sep 2015 15:23

Blue Star Capital Raises GBP25,000 In Share Subscription (ALLISS)

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30 Jun 2015 10:54

Blue Star Capital Reports Loss In First Half

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29 Jun 2015 08:07

Blue Star invests in payment tech firm Sthaler

UK-based Blue Star invested £50,000 in payments firm Sthaler in return for 1.45% of share capital. Early stage identity and payments firm Sthaler created technology which let a consumer identify themselves and pay using just their finger, Blue Star said in an announcement. The technology was called

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29 Jun 2015 08:03

Blue Star Capital Makes GBP50,000 Investment In Sthaler

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LONDON MORNING BRIEFING: Shares Firm Ahead Of Central Banker Speeches

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AGM, EGM Calendar - Week Ahead

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