Small caps round-up: Brainspark, Acta, Palmaris
Brainspark has revealed that since the breakdown in negotiations with Sorgente over the sale of its investment in Mediapolis, it has received a preliminary non-binding offer from an investment fund. The offer comes with more favourable terms than the previous offer from Sorgente. It is also in discussions with another investment fund.
Brainspark has revealed that since the breakdown in negotiations with Sorgente over the sale of its investment in Mediapolis, it has received a preliminary non-binding offer from an investment fund. The offer comes with more favourable terms than the previous offer from Sorgente. It is also in discussions with another investment fund.
Acta, a company focused on clean energy products, has received two additional orders from M-Field Energy for its renewable energy powered electrolysers. The orders follow the recent shipment of the first fully integrated fuel cell telecom back-up power system incorporating Acta's onboard hydrogen generation for automatic fuel replenishment. The company said it believes that the prompt repeat order is "indicative of the strong commercial potential for its products".
Palmaris, an investment company with a 16.1% holding in Scottish Resources Group, which is the company's sole remaining investment, said it notes the recent negative movement in the company's share price and announced that it has resolved to recommend the cancellation of the company's listing on AIM.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
What is the 25x retirement rule and does it work?
The 25x retirement rule has been around for decades but many experts question if it is a suitable strategy
-
When is the self-assessment tax return deadline?
If you are self-employed, rent out a property or earn income from savings or investments, you may need to complete a self-assessment tax return. We run through the deadlines you need to know about