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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: 0.0875
Bid: 0.085
Ask: 0.09
Change: 0.0015 (1.74%)
Spread: 0.005 (5.882%)
Open: 0.0875
High: 0.0875
Low: 0.085
Prev. Close: 0.086
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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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20 Oct 2011 11:43

CAP-XX soars as supercapacitor is launched

The Japanese firm Murata has launched its supercapacitor product manufactured under a licence agreement with CAP-XXthe electrical component company. Among other uses the supercapacitor will be used to provide power for LED flashes in mobile phones, digital cameras and camcorders. Anthony Kongats,

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Round-up: Sportingbet, Cap-XX, Liontrust

Fund manager Liontrust's assets under management have continued to fall, while profits also took a tumble in the six months to September. Profit before tax slumped to £0.5m from £6.1m, while managed fund dropped from £1.3bn at end September to £1.2bn currently. The interim dividend maintained at 2.

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Burton sells as Matra starts drilling

Non-executive director Craig Burton has sold 3m shares in Matra Petroleum at an average price of 4.16p a share but he still holds 45.2m shares - 4.53% of the Russia-focused oil and gas explorer. This follows last Friday's disposal of 18m shares by Macquarie Bank, which retains a 11.02% stake in Ma

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