Author: Fiona Craig

Genel Energy (LSE:GENL) has confirmed that Sir Dominick Chilcott will step down from the board at the company’s annual general meeting scheduled for May 2026. Chilcott has served for nearly two years as a non-executive director and has also been a member of the board’s remuneration and nomination committees.

Chair Patrick Allman-Ward expressed appreciation for Chilcott’s service, noting that his extensive geopolitical insight and diplomatic experience had been valuable to the board during his tenure. The upcoming departure will alter the company’s board composition, although no successor or additional governance changes have yet been announced.

Genel Energy’s outlook reflects a mixed financial profile. While the company remains profitable and continues to generate positive operating and improved free cash flow, it faces pressure on revenue. Debt levels remain manageable, providing some balance-sheet stability. From a market perspective, technical indicators appear broadly neutral with a slightly negative MACD signal, while valuation metrics are limited by a negative price-to-earnings ratio and the absence of dividend yield data.

More about Genel Energy

Genel Energy is an oil producer listed on the main market of the London Stock Exchange, focusing on oil production and associated activities. The company positions itself within the global energy sector with an emphasis on responsible operational practices and sustainable resource development.

Aeorema Communications (LSE:AEO) said its brand experience agency Cheerful Twentyfirst is staging a major activation at the SXSW festival in Austin, Texas this week, marking the agency’s debut at the internationally recognised event. Working alongside a prominent lifestyle magazine publisher, Cheerful Twentyfirst is hosting a 1990s-themed editorial after-party aimed at elevating the client’s brand presence while strengthening advertorial partnerships with an expanding marketing audience.

Company executives described the project as a demonstration of the strong creative partnership between the agency and its client, building on previous collaboration at the Cannes Lions festival. The initiative highlights growing confidence in Cheerful Twentyfirst’s expertise in experiential marketing and large-scale event delivery. It also represents a key step in Aeorema’s broader strategy to expand its presence in the United States, signalling further progress in its North American growth plans and strengthening its position within the premium live and hybrid events sector.

Aeorema Communications’ outlook reflects mixed financial dynamics, with profitability remaining stable but revenue growth and cash generation facing some pressure. Recent corporate developments and a relatively moderate valuation offer some support, while technical indicators suggest a cautiously positive trend. However, the absence of earnings call disclosures limits visibility on the company’s forward guidance.

More about Aeorema Communications

Aeorema Communications is an AIM-listed strategic communications group with offices in London, New York and Cannes. Through its subsidiaries Cheerful Twentyfirst, Cheerful Twentyfirst Inc. and Eventful, the company provides tailored live, virtual and hybrid events, film-led corporate communications and advisory services on venues and event production. Its client base includes blue-chip organisations across sectors such as finance, professional services, gaming, fashion and fintech.

ATOME PLC (LSE:ATOM), a UK-listed developer focused on industrial-scale low-carbon fertiliser, is building a pipeline of green fertiliser and renewable power projects across Paraguay and Central America aimed at serving major agricultural markets. By combining long-term renewable power agreements with sites located near key export infrastructure, the company aims to decarbonise fertiliser production in major food-producing regions while expanding its ATOME Power division.

The company has now signed definitive agreements for a US$420 million debt financing package with a 15-year tenor to support construction of its US$650 million Villeta green fertiliser plant in Paraguay. The funding, provided by a consortium of international development finance institutions, highlights the project’s strategic relevance for both food security and climate objectives. ATOME expects to complete the equity component of the financing within 30 days, after which construction will begin on the planned facility, designed to produce around 260,000 tonnes of fossil-free fertiliser annually and supported by a long-term offtake agreement with Yara International.

Despite this milestone, the company’s outlook remains constrained by its early-stage financial profile. ATOME is still pre-revenue, continues to report operating losses and negative free cash flow, and remains dependent on further funding as projects progress. Technical indicators, however, are relatively strong, with the share price trading above key moving averages and a positive MACD signal. Valuation metrics remain limited due to negative earnings and the absence of a dividend yield.

More about ATOME Energy PLC

ATOME PLC is an AIM-listed developer of green fertiliser projects with 445MW of projects in Paraguay and an expanding pipeline across Central America. The company has also launched ATOME Power to develop renewable power generation and related infrastructure targeting the Mercosur agricultural export region and Costa Rica. Its flagship Villeta project in Paraguay is located within a tax-free zone, supported by long-term renewable power supply and a 10-year offtake agreement with Yara International. Through these projects, ATOME aims to reduce the food sector’s reliance on fossil-fuel-based fertilisers and lower emissions across the agricultural value chain using low-carbon calcium ammonium nitrate products.

Stelrad (LSE:SRAD) reported a 3.8% decline in revenue to £279.6 million for 2025 as demand remained subdued across the UK, Ireland and Europe. Despite the softer top line, adjusted operating profit rose 3% to £32.5 million, with margins improving thanks to a favourable product mix and ongoing cost efficiencies. Statutory profit dropped significantly due to a £14.9 million impairment and restructuring charges, but free cash flow more than doubled, leverage declined and the board increased the dividend, reflecting confidence in the group’s financial position even as market conditions remain challenging in the near term.

The company expects operational optimisation and restructuring initiatives across its manufacturing network—along with the exit from certain loss-making contracts—to support further margin improvement and position the business for stronger performance when demand recovers. Stelrad also continued to shift its portfolio toward higher-margin and decarbonisation-focused products, achieving a record share of premium steel panel radiators and delivering solid growth in high-output, hybrid and electric ranges. These developments strengthen the group’s positioning to benefit from long-term heating transition trends, although demand is anticipated to remain soft through the first half of 2026.

The outlook for Stelrad Group Plc reflects solid operational and financial progress alongside positive corporate developments, although technical indicators remain bearish and the company trades on a relatively elevated price-to-earnings multiple. Strong cost control and improved cash generation are key strengths, while current market momentum and valuation pressures present potential headwinds.

More about Stelrad Group Plc

Stelrad Group plc is a leading European manufacturer of radiators, supplying hydronic, hybrid, dual-fuel and electric heating solutions to more than 500 customers across over 40 countries. Its product range includes standard and premium steel panel radiators, towel warmers and decorative designs sold under brands such as Stelrad, Henrad, Termo Teknik, DL Radiators and Hudevad. The company holds leading market positions in six European countries.

BSF Enterprise PLC (LSE:BSFA) has confirmed that it has mutually agreed with counterparties to cancel its proposed £15 million equity fundraising and related capital reorganisation, effectively unwinding the agreements linked to the transaction. However, a previously announced £300,000 convertible loan note will remain in place and has been extended by a further 12 months, with investors retaining the option to convert their holdings at the price set in BSF’s next fundraising round.

In the wake of the cancelled transaction, the company has begun engaging with alternative investors to secure new funding both at the group level and within its subsidiaries, Lab-grown Leather Ltd and Kerato Ltd. Management said it aims to complete a replacement financing round in the coming weeks on terms that may prove more favourable, which would be important for advancing its tissue-engineering strategy and sustaining development across its sustainable materials and biotechnology initiatives.

The company’s outlook remains constrained by persistent losses and ongoing cash burn, which continue to weigh heavily on financial performance. Technical indicators also point to a sustained downward trend with negative momentum signals. While BSF maintains a debt-free balance sheet that offers some financial stability, valuation measures remain limited given the company’s loss-making position and the absence of a dividend yield.

More about BSF Enterprise PLC

BSF Enterprise PLC is a biotechnology company focused on the development and commercialisation of tissue-engineered products. Its work includes lab-grown leather, cultivated meat and corneal repair technologies. Through its proprietary scaffold-free platform, the company aims to address growing global demand for sustainable and environmentally responsible alternatives to conventional materials across both consumer and medical markets.

Digital 9 Infrastructure (LSE:DGI9) has confirmed that funds managed by IFM Investors are divesting their 14.84% minority holding in UK broadcast and telecommunications operator Arqiva Group to Polus Capital Management for £8.9 million. The price reflects the same valuation applied in the recent transaction in which Polus acquired a 26.54% stake previously managed by Macquarie. Following these deals, Polus becomes a notable minority shareholder alongside Digital 9, which continues to hold a 51.8% economic interest. Both investors have indicated they will work with Arqiva’s management team to strengthen the company’s value ahead of Digital 9’s audited annual results scheduled for release on 15 April 2026.

Polus, an infrastructure-focused investment manager overseeing roughly $14 billion in assets, brings sector expertise spanning utilities, telecommunications, power and energy. Its involvement may help support Arqiva’s operational performance and strategic development. For Digital 9, retaining its majority economic interest while gaining a partner with aligned objectives helps reinforce the stability of one of its core assets during the trust’s Managed Wind-Down process, offering clearer visibility on Arqiva’s ownership structure as the company continues to execute its asset realisation strategy.

Despite this development, the company’s outlook remains pressured by weak financial fundamentals, including significant recent losses, negative revenue figures, declining equity and volatile cash flow. Technical indicators also suggest a bearish trend, with the share price trading below key moving averages and a negative MACD reading. Valuation metrics remain broadly neutral due to the absence of reliable P/E and dividend yield data.

More about Digital 9 Infrastructure Plc

Digital 9 Infrastructure plc is a London-listed investment trust and constituent of the FTSE All-Share index, specialising in investments in digital infrastructure assets. The company is currently undertaking a Managed Wind-Down, seeking to realise the value of its remaining portfolio in an orderly manner. InfraRed Capital Partners has been appointed as adviser and alternative investment fund manager (AIFM) to oversee the execution of this run-off strategy.

Prospex Energy PLC (LSE:PXEN), an AIM-listed oil and gas investment company focused on European gas and power projects, concentrates on identifying undervalued onshore and shallow offshore assets that can be advanced to production within relatively short timeframes. The company’s strategy centres on applying cost-efficient re-evaluation techniques to reduce exploration risk and using internally generated cash flow to expand its production portfolio.

The company announced that its £1.6 million unsecured convertible loan note fundraising has been oversubscribed, reflecting robust demand from investors. Management said investors still have the opportunity to request pro rata allocations before today’s deadline, while the board is also considering increasing the overall size of the raise. The strong interest is viewed as a sign of market confidence in Prospex’s capital strategy and development plans.

Despite this positive response, the company’s outlook remains constrained by weak financial fundamentals, including ongoing operating losses and several years of negative operating and free cash flow. While Prospex maintains a relatively low-debt balance sheet, technical indicators remain negative, with the share price trading below key moving averages and a negative MACD reading. Valuation metrics are also under pressure due to a very high price-to-earnings ratio and the absence of a dividend yield.

More about Prospex Oil and Gas

Prospex Energy PLC is an AIM-quoted investment company operating in the oil and gas sector, targeting high-impact onshore and shallow offshore gas and power opportunities across Europe. Its strategy focuses on acquiring undervalued assets with multiple near-term catalysts and accelerating production growth to generate internal cash flow that can be reinvested into further asset development and expansion.

Catenai PLC (LSE:CTAI) has committed an additional £250,000 to Alludium Ltd, a developer of a no-code operating system for AI agents, as part of a £1 million fundraising round that values the company at £9 million pre-money. Following the investment, Catenai’s ownership interest increases from roughly 13% to 16.1%. The investment, funded from existing cash resources, comes shortly after Alludium’s commercial launch and reflects Catenai’s strategic focus on AI-driven automation, while the company states it retains enough liquidity to cover corporate overheads for more than 18 months.

Catenai also pointed to several upcoming developments, including an expected update from Klarian Limited and the repayment of £624,250 plus associated fees tied to a convertible loan note due by 31 March 2026. In addition, the company disclosed a new technology services contract with Charlton Athletic Community Trust, described as modest in size. As part of its broader corporate activity, Catenai has issued 100 million warrants to Alludium’s founders, confirmed it is reviewing its Bitcoin treasury policy, and announced plans to present its AI investment strategy and business progress to investors during a 19 March presentation.

Despite these initiatives, the company’s overall outlook remains constrained by persistent losses and elevated cash burn, even as revenue has improved and the balance sheet has strengthened with no outstanding debt and positive equity. Market indicators remain broadly weak to neutral, and valuation metrics are difficult to support due to negative earnings and the absence of a dividend yield.

More about Catenae Innovation Plc

Catenai PLC is an AIM-listed provider of digital media and technology services, specialising in systems integration and project management for clients across corporate, government and education sectors. The company focuses on delivering digital and technology solutions through its experienced IT team, supporting the deployment and management of complex platforms for a range of institutional customers.

Mindflair (LSE:MFAI) has reported strong progress at portfolio company Stylus Education, an artificial intelligence-driven edtech developer whose platform for assessing student writing is seeing growing uptake among schools. In January 2026 alone, Stylus brought 50 new schools onto its platform, a milestone reached roughly one year after securing its first customer and reflecting accelerating demand for its technology.

In a recently published interview, Stylus founder and CEO Dominic Bristow discusses how the company’s AI-powered, end-to-end marking solution is designed to address longstanding challenges in educational assessment by improving both consistency and transparency. He also highlights that Stylus has entered its second year collaborating with the UK Department for Education through an innovation contract, strengthening the company’s credibility while supporting Mindflair’s strategy of investing in high-impact AI solutions within the education sector.

Despite these developments, the company’s outlook remains tempered by weak cash-flow conversion and limited visibility on revenue growth. This comes even as reported profits have rebounded sharply and the balance sheet remains conservatively structured with relatively low leverage. From a market perspective, technical indicators point to a bearish trend, with the share price trading below key moving averages and a negative MACD signal. While the stock may appear inexpensive on a price-to-earnings basis, that metric may be less dependable given concerns about the quality and sustainability of earnings.

More about Mindflair plc

Mindflair plc is an AIM-listed investment company that gives investors exposure to a portfolio of emerging, high-growth technology businesses centred on artificial intelligence. Its investment approach focuses on AI-led sectors including cyber security, machine learning, immersive technologies and big data. The firm seeks out companies demonstrating early commercial traction and the potential for significant expansion as global demand for advanced AI solutions continues to grow. Among its portfolio companies, Stylus Education develops AI-powered tools aimed at improving the assessment of student writing, helping reduce teacher workloads while delivering greater consistency and insight in grading.