Author: Fiona Craig

First Tin PLC (LSE:1SN), the tin development group with assets in Germany and Australia, has confirmed that it will release its interim results for the six months ended 31 December 2025 on 25 February 2026. Alongside the results announcement, the company will host a live online presentation for investors.

The session will be conducted via the Investor Meet Company platform and will be accessible to both existing shareholders and prospective investors. Management said the event reflects its commitment to improving transparency and maintaining open communication as it advances its development pipeline.

First Tin is focused on building a supply of ethically sourced tin from conflict-free, politically stable jurisdictions. The company aims to develop two relatively low-capex, de-risked projects in line with high environmental standards, positioning itself to benefit from increasing tin demand linked to electrification and clean energy technologies.

From a financial standpoint, the outlook remains constrained by the absence of revenue, widening losses and continued cash outflows. However, the company maintains a debt-free trailing twelve-month balance sheet supported by a substantial equity base. Technical indicators show positive momentum, although shares appear somewhat stretched. Valuation metrics remain challenging given ongoing losses and the lack of dividend payments.

More about First Tin Plc

First Tin PLC is a tin development company advancing projects in Germany and Australia. It seeks to become a reliable, sustainable supplier of tin from low political risk regions, targeting the production of this critical metal used in decarbonisation technologies, electronics and renewable energy infrastructure.

Residential Secure Income plc (LSE:RESI), the UK-focused real estate investment trust specialising in independent retirement living and shared ownership housing, has announced an interim dividend of 1.03 pence per ordinary share. The payment will be made as a Property Income Distribution from its tax-exempt rental operations for the financial year ending 30 September 2025.

The company reiterated that it intends to continue quarterly dividend payments under the REIT framework while carrying out the orderly wind-down of its portfolio, a process approved by shareholders in 2024. Although the strategy now centres on asset disposals and capital preservation, the board signalled that income distributions to investors will continue during the managed realisation phase.

Residential Secure Income operates through its Registered Provider subsidiary, ReSI Housing Limited, partnering with public and private developers to deliver regulated, long-term affordable housing solutions. Its investments have historically focused on inflation-linked rental streams from housing for older residents and shared ownership customers.

From a financial perspective, the outlook remains pressured by declining profitability and uneven revenue performance. Technical indicators show weak share price momentum, with the stock trading below key moving averages. However, positive free cash flow generation and a relatively high dividend yield offer some support. The balance sheet picture is less clear following a marked shift to zero reported debt in 2025.

More about Residential Secure Income

Residential Secure Income plc is a UK-listed REIT dedicated to independent retirement rentals and shared ownership homes. Its strategy has focused on delivering secure, inflation-linked returns from affordable residential property, working alongside housing associations, local authorities and private developers to expand access to quality housing for older residents and aspiring homeowners.

Chrysalis Investments Limited (LSE:CHRY) has appointed Sam Dobbyn as a non-executive director with immediate effect, as the company advances a revised strategic direction. Dobbyn brings experience from roles at Allied Minds PLC and Urban Exposure PLC and is expected to help steer the firm through its current transition phase.

In his new position, he will serve as a central point of coordination between the board, the investment adviser and other professional advisers. His remit includes overseeing execution of the updated strategy and ensuring continuity in the management of key portfolio holdings.

Chairman Andrew Haining said Dobbyn’s familiarity with public markets and his previous advisory work with the board make him well suited to help deliver the refreshed strategy in the interests of shareholders. His appointment will be subject to shareholder approval at the 2026 AGM. The move underscores Chrysalis’s focus on strengthening governance and reinforcing oversight as it reshapes its portfolio approach.

From an investment standpoint, the group’s profile reflects mixed fundamentals. While profitability has recently rebounded and leverage remains low, historical volatility and negative operating and free cash flow in 2025 weigh on overall financial quality. Technical indicators are currently supportive, with positive momentum, and a relatively low price-to-earnings ratio enhances the valuation case.

More about Chrysalis Investments Limited

Chrysalis Investments Limited is a UK-listed alternative investment fund focused on growth-oriented assets. Its investment management is undertaken by G10 Capital Limited under the AIFM framework, with Chrysalis Investment Partners LLP acting as investment adviser to support portfolio strategy and oversight in public markets.

Finseta plc (LSE:FIN), the AIM-listed foreign exchange and payments provider, has confirmed the appointment of Andrew Richards as its permanent Chief Financial Officer and Executive Director. Richards steps into the role after serving briefly as interim CFO and brings more than 25 years of experience across financial services and insurance.

His background includes senior finance positions at Chesnara plc and Deloitte, where he developed expertise in regulatory compliance, financial controls and strategic financial management. Finseta expects his appointment to enhance the group’s reporting standards, governance framework and operational execution as it targets faster expansion.

Chairman Gareth Edwards said Richards’ experience in highly regulated, multi-jurisdictional environments aligns well with the company’s international growth ambitions. Richards commented that the business has undergone significant transformation in recent years and is now positioned to accelerate its development, reinforcing the existing strategy.

From a market perspective, the company’s narrative reflects strengthened corporate confidence and improving financial metrics. However, technical indicators remain cautious, and valuation appears balanced rather than compelling. While strategic initiatives and director share purchases provide supportive signals, prevailing chart trends suggest some near-term restraint.

More about Finseta plc

Finseta plc is a London-headquartered foreign exchange and payments specialist offering multi-currency accounts and cross-border payment solutions to businesses and private clients. Through its proprietary technology platform and tailored client service, the company facilitates transactions in more than 165 countries and over 150 currencies, operating under multiple international regulatory frameworks.

VH Global Energy Infrastructure plc (LSE:ENRG) has confirmed an interim dividend of 1.45p per share covering the period from 1 October to 31 December 2025. Of this total, 0.40p per share will be treated as an interest distribution. The payment is scheduled for 8 April 2026 to shareholders recorded on the register as of 6 March, in line with the company’s established quarterly distribution policy.

The board reaffirmed its commitment to maintaining quarterly dividends. However, it noted that the level of future payouts will be shaped by income generated from the remaining assets as the company continues to execute its asset realisation strategy. As the portfolio is gradually reduced, cash generation dynamics may shift, meaning dividend amounts could fluctuate over time — an important consideration for investors seeking stable income.

More about VH Global Energy Infrastructure

VH Global Energy Infrastructure plc is an investment company focused on energy infrastructure assets. It is managed by Victory Hill Capital Partners, a London-based specialist in energy financing with experience across both conventional and renewable projects worldwide. The manager targets resilient, sustainable returns while supporting the global energy transition and aligning investments with recognised sustainability frameworks.

Tertiary Minerals plc (LSE:TYM) has made its Annual Report for the financial year ended 30 September 2025 available on its website, together with the formal notice convening its 2026 Annual General Meeting. Shareholders registered on the company’s books are being contacted by post or email with details on how to access the documents and submit proxy votes.

The AGM is scheduled to take place on 19 March 2025 at Mottram Hall in Cheshire. Proxy voting is now open, with full instructions provided in the published Annual Report. The update is primarily procedural, ensuring investors are informed about document availability and the timetable for participation in the meeting.

The AGM will provide shareholders with the opportunity to review the company’s performance over the past year and vote on key resolutions. While Tertiary Minerals continues to report losses and negative cash flow, it maintains a solid equity base. Management points to exploration projects in Zambia and Nevada as potential long-term value drivers. Market indicators currently suggest neutral share price momentum, though valuation metrics remain pressured by the absence of earnings.

More about Tertiary Minerals

Tertiary Minerals plc, quoted on AIM under the ticker TYM, is a mineral exploration and development company. Its strategy centres on identifying and advancing resource projects, particularly those linked to metals and minerals critical to global supply chains, with activity spanning jurisdictions including Zambia and the United States.

TBC Bank Group PLC (LSE:TBCG) has announced plans to raise its total shareholder payout for 2025, proposing a final dividend of GEL 3.87 per share, subject to investor approval. The dividend is scheduled for payment on 22 June 2026 to shareholders on the register as of 22 May. The amount will be converted into pounds sterling using the average Georgian lari exchange rate over five days, ensuring the sterling payout reflects prevailing currency conditions.

When combined with the quarterly interim dividends already distributed, the bank’s total dividend for 2025 will amount to GEL 8.87 per share — representing a 10% increase compared with the previous year. The dividend equates to a 35% payout ratio. Including a GEL 75 million share buyback completed during the year, total capital returned to shareholders rises to 40% of net profit, highlighting the group’s strong capital base and its continued focus on cash returns.

More about TBC Bank

TBC Bank Group PLC is a London-listed financial services holding company whose core operations are conducted through TBC Bank Georgia and TBC Uzbekistan. The group is centred on digitally driven retail and corporate banking, maintaining leading market positions in Georgian lending and deposits, while also operating Central Asia’s largest mobile-only bank and digital payments ecosystem in Uzbekistan.

The Smarter Web Company (LSE:SWC) has released audited results for the year ended 31 October 2025, highlighting £225.2 million in newly raised capital and a strategic shift marked by its move to the London Stock Exchange’s Main Market. The fundraising comprised £209.4 million in equity and £15.8 million through Bitcoin-backed convertible loan notes. The group reported profit before tax of £2.84 million, largely attributable to exceptional gains and fair value adjustments, while its core operations remained loss-making.

By year-end, the company held 2,660 Bitcoin and carried no fiat-denominated debt, positioning its balance sheet around what management describes as a substantial and distinctive Bitcoin treasury. The group views this digital asset reserve as a central pillar of its financial strategy.

Leadership reaffirmed a long-term, 10-year expansion plan focused on acquiring profitable, cash-generative businesses with recurring revenue streams. The objective is to rebuild sustainable earnings while steadily increasing Bitcoin per share. Management also pointed to the recent transition from the Aquis market to the Main Market of the London Stock Exchange as a significant milestone, expected to enhance trading liquidity and broaden institutional investor access. Ahead of its March AGM, the company has issued an updated annual report and investor presentation outlining its strategic direction and Bitcoin-centric balance sheet framework.

More about Smarter Web Company PLC

Smarter Web Company PLC is a UK-based digital services provider specialising in website design, development and online marketing solutions. Revenues are generated through upfront project fees, recurring annual hosting contracts and optional monthly marketing services. Since 2022, the company has integrated Bitcoin into its operations, accepting it as payment and implementing a formal Bitcoin Treasury Policy, making it one of the largest UK-listed public companies holding Bitcoin on its balance sheet.

Huddled Group (LSE:HUD) has scheduled a general meeting in London for 11 March 2026 to seek renewed authority to issue shares, after completing a £740,000 fundraising via a direct subscription and retail offer. The proceeds are intended to strengthen inventory levels and provide additional working capital to support its established e-commerce brands, as well as expansion into new sales channels.

The previous fundraising substantially utilised the share issuance authorities granted at the company’s August 2025 general meeting. As a result, the board is now requesting shareholder approval to issue additional subscription shares and to refresh its broader allotment powers. Management says the move is designed to preserve financial flexibility as the group continues to pursue its growth strategy.

From a performance standpoint, the investment case remains challenged by continued losses, narrow or negative margins, and ongoing negative free cash flow. These pressures offset strong top-line growth and a relatively low level of debt. Technical indicators suggest limited short-term momentum, while valuation metrics remain constrained by negative earnings and the absence of a dividend.

More about Huddled Group

Huddled Group plc, quoted on AIM under the ticker HUD, operates as an e-commerce group with a focus on the circular economy. The company manages a portfolio of online retail brands and has used recent capital raises to increase stock availability, reinforce working capital, and broaden its presence across additional distribution channels.

Wildcat Petroleum (LSE:WCAT) has unveiled plans to withdraw from the London Main Market and apply for admission to the Aquis Growth Market, marking a major strategic shift away from oil and gas toward gold processing operations in Sudan. Management cited the prolonged weakness in global oil markets and limited access to financing for African oil projects as key reasons behind the pivot. The company now intends to concentrate on gold processing, including alluvial mining, tailings reprocessing, and related activities within Sudan.

The proposed cancellation of the Main Market listing and the move to Aquis are conditional upon each other and subject to shareholder approval. There is no certainty that the Aquis admission, targeted acquisitions, or associated fundraising efforts will ultimately proceed. Wildcat aims to secure funding by the end of March to support at least a year of corporate operations. It plans to fast-track deployment of turnkey gold processing plants or acquire existing facilities to take advantage of elevated gold prices, with a stated objective of distributing the majority of future profits to shareholders through dividends.

Should shareholders endorse the proposals, Wildcat expects to utilise its established relationships with Sudanese authorities to secure suitable processing sites. The company’s strategy centres on accelerating gold production timelines to drive shareholder returns. While management believes an Aquis listing should preserve ISA and SIPP eligibility, actual access will depend on individual platform policies, meaning retail investors will need to confirm how their providers treat Aquis-listed shares.

From an investment perspective, the company’s rating is weighed down by its lack of revenue, ongoing losses, and continued cash burn, alongside shrinking equity levels. The absence of debt provides some balance sheet support. Technical indicators suggest recent momentum, although shares appear overbought in the short term. Traditional valuation measures offer limited guidance given the negative price-to-earnings ratio and absence of a dividend yield.

More about Wildcat Petroleum Plc

Wildcat Petroleum Plc is a London-listed company that historically pursued petroleum-related opportunities. It is now repositioning toward the gold sector, with a focus on building a Sudan-based gold processing platform. The strategy targets small- to mid-scale hard rock processing plants designed to treat ore tailings sourced from artisanal miners, who account for the majority of Sudan’s gold production.