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Pin to quick picksCap-xx Share News (CPX)

Share Price Information for Cap-xx (CPX)

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Share Price: 0.1975
Bid: 0.195
Ask: 0.20
Change: 0.025 (14.49%)
Spread: 0.005 (2.564%)
Open: 0.1725
High: 0.205
Low: 0.155
Prev. Close: 0.1725
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AIM WINNERS & LOSERS: CAP-XX patents ruled invalid in US litigation

Mon, 18th Dec 2023 11:13

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

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AIM - WINNERS

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Eden Research PLC, up 21% at 4.95 pence, 12-month range 3p-12.16p. The company focused on sustainable biopesticides and plastic-free formulation technology, alongside Corteva Agriscience, announces a temporary regulatory approval in Italy for Ecovelex. The product is approved for use as a bird repellent seed treatment in corn for the 2024 growing season. Adds it has submitted regulatory dossier and application to Austria, which will act as "interzonal rapporteur member state" for the EU. The review and authorisation can take between 18 and 24 months.

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AIM - LOSERS

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CAP-XX Ltd, down 56% at 0.75p, 12-month range 0.55p-4.7p. The Sydney-based supercapacitor and energy management system manufacturer provides an update on its patent infringement action against Maxwell Technologies Inc, now a subsidiary of US electric vehicle maker Tesla Inc. Says US District Court of Delaware affirms CAP-XX patents were invalid, and therefore Maxwell has not infringed them, and is therefore not liable to pay damages nor license fees. "Whilst CAP-XX is disappointed with this decision, it is in discussions with its attorneys to agree the appropriate next steps," the firm says.

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RBG Holdings PLC, down 32% at 11.15p, 12-month range 10p-71.97p. The legal and professional services firm warns the expected improvement in trading in its Legal Services division has not materialised over the second half, with trading broadly in line with the first. In particular, Memery Crystal has been hit by the lack of activity in commercial real estate and equity capital markets, as transactions forecast for the fourth quarter have been delayed or cancelled. Now expects annual revenue in 2023 to be below market expectations at around GBP41.9 million, falling year-on-year from GBP49.8 million. Adjusted earnings before interest, tax, depreciation and amortisation are expected to drop sharply to around GBP4.0 million from GBP15.8 million. "The board recognises that 2023 has been a year of significant transition and a disappointing one for shareholders. Nonetheless, the board is confident that the business is moving into 2024 on a significantly stronger footing than at the start of this year," says Non-Executive Chair Marianne Ismail. Even so, Ismail guides for revenue and profit to be only "slightly higher" in 2024.

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By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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CAP-XX shares soar after Thinline supercapacitor launch

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13 Jun 2014 12:05

Cap-XX Says Discussions Over Licensing At Advanced Stage

LONDON (Alliance News) - Cap-XX PLC Friday said that discussions on licensing its supercapacitor technology for automotive applications are now at an advanced stage, but it warned that it will post a pretax loss due to delayed shipments. The supercapacitor designer said that it expects the

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24 Mar 2014 11:38

Cap-XX Narrows Pretax Loss On Higher Sales Volumes, Currency Benefits

LONDON (Alliance News) - Cap-XX Ltd Monday posted a narrowed pretax loss in the half-year ended December 31, 2013, as sales volumes rose and it saw currency translation benefits from the stronger US dollar. The company designs and manufactures thin-form supercapacitors which extend the life

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14 Oct 2013 12:13

DIRECTOR DEALINGS: CAP-XX Grants Options To CEO, Chairman And Non Executive

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11 Mar 2013 07:23

Monday broker round-up UPDATE

Admiral Group: Berenberg ups target price from 1000p to 1060p, but still recommends selling. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite Group: Invetsec downgrades from buy to hold with a target price of 157p. Aviva: Citigroup reduc

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14 Feb 2012 11:04

CAP-XX looking to jump start new partnership

The super-capacitor maker CAP-XX is targeting a partnership to commercialise a device for stop-start applications in cars and lorries. CAP-XX's "super-capacitor module" removes the dependence on lead-acid batteries for starting the engine. The company claims testing has shown its invention reduce

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