Eco Animal Health (LSE:EAH) reported strong trading for the year ending 31 March 2026, building on momentum from a solid first half. The company now expects full-year revenue to increase by roughly 8% year on year, coming in slightly ahead of market expectations. Sales growth was particularly strong in North America and Latin America, where higher demand offset the impact of currency movements and tariff pressures.
The group also anticipates improved gross margins for the year, driven by stronger product pricing and a reduction in the cost of goods sold. As a result, adjusted EBITDA is expected to rise significantly compared with the previous year and to exceed analyst consensus forecasts. The upgraded outlook highlights the veterinary pharmaceuticals company’s improving profitability ahead of the release of its audited annual results, scheduled for early July.
Eco Animal Health’s outlook reflects strong technical momentum and supportive corporate developments, suggesting confidence in its growth trajectory. However, the shares carry a relatively high valuation and the company’s historical financial performance has been somewhat uneven, which introduces potential risks if growth expectations are not fully delivered.
More about Eco Animal Health
Eco Animal Health Group is a UK-based global animal health company specialising in the development and marketing of branded veterinary pharmaceuticals. Its product portfolio focuses primarily on antibiotics and vaccines for pigs and poultry.
The company’s flagship product, Aivlosin, is a patented treatment used to combat respiratory and intestinal diseases in pigs and poultry. Eco Animal Health markets its products in more than 70 countries worldwide, positioning itself as a specialist provider of solutions for livestock health and productivity.
Titon Holdings plc (LSE:TON) said group revenue for the six months ending 31 March 2026 is expected to come in around 3% higher than the same period last year. The improvement is largely being driven by continued double-digit expansion in the company’s Mechanical Ventilation Systems division, which is benefiting from a growing pipeline of project wins. The business is also expected to deliver margin improvements as regulatory bottlenecks affecting building safety approvals begin to ease and construction projects move forward.
In contrast, the company’s Window and Door Hardware division is experiencing weaker conditions. Lower demand from the UK residential construction and fenestration markets is expected to result in a decline in full-year sales for this segment, although operational initiatives are helping support margins.
Overall, Titon indicated that first-half trading was somewhat below expectations. Nevertheless, the board anticipates a stronger second half and continues to expect full-year revenue and profit for FY26 to meet its forecasts. The outlook suggests relatively stable near-term performance despite challenging market conditions in parts of the construction sector.
The company’s investment profile is supported by strong financial stability, including low leverage and a solid equity base. However, inconsistent profitability and a relatively high price-to-earnings valuation weigh on the outlook. Technical indicators currently show mixed signals, with softer share price momentum despite a positive MACD reading.
More about Titon Holdings
Titon Holdings plc operates in the building products industry, supplying mechanical ventilation systems as well as window and door hardware solutions. The company has a strong presence in UK residential construction and fenestration markets.
Its strategy focuses on expanding the higher-margin Mechanical Ventilation Systems segment while maintaining competitiveness in the more cyclical hardware business. Through this approach, Titon aims to strengthen its position in building ventilation and energy efficiency solutions while managing exposure to fluctuations in construction demand.
Afentra (LSE:AET) has revised the structure of its planned acquisition from Etu Energias covering interests in Angola’s offshore Blocks 3/05 and 3/05A after national oil company Sonangol, the operator of the assets, exercised its pre-emption rights to participate in the transaction. Under the updated sale and purchase agreement, Afentra will acquire a 3.33% stake in Block 3/05 and a 3.66% interest in Block 3/05A. The deal includes an upfront payment of US$15.2 million along with potential contingent payments of up to US$6.74 million. Completion is targeted for the second quarter of 2026, pending approvals from the Angolan government.
The revised agreement strengthens the partnership between Sonangol, Afentra and Maurel & Prom, with Sonangol’s participation seen as a vote of confidence in the joint redevelopment strategy for the offshore assets. Afentra said the updated structure, including performance-linked payments, supports its broader goal of building a portfolio of cash-generating African energy assets. The partners intend to invest further in the blocks to increase production and expand reserves over time. Following completion, the adjusted joint venture structure is expected to give Afentra roughly one-third of Block 3/05 and around a quarter of Block 3/05A.
Afentra’s outlook is supported by solid financial performance and an attractive valuation profile, suggesting favourable long-term investment potential. However, technical indicators currently point to bearish momentum in the shares. At the same time, the company’s strategic transactions and corporate developments continue to strengthen its growth narrative.
More about Afentra
Afentra plc is a London-listed upstream oil and gas company specialising in the acquisition and management of mature producing and development assets across Africa.
The company’s portfolio is centred on Angola’s offshore Lower Congo and Kwanza basins, where it holds a combination of operated and non-operated interests in producing, appraisal and exploration blocks. Afentra positions itself as a partner for international energy companies and host governments seeking to manage asset transitions while maintaining production and supporting energy transition objectives.
Catenai PLC (LSE:CTAI), the AIM-listed digital media and technology services company, has invested in Alludium Ltd, a developer of a no-code AI Agent Operating System designed to make artificial intelligence deployment accessible to users without programming expertise. The group focuses on delivering advanced digital and technology solutions to clients across corporate, government and education sectors, aligning with its strategy to expand in emerging technology markets.
Catenai reported that Alludium has now attracted its first paying customers shortly after the public-commercial launch of its platform on 10 March 2026. The customers joined following an initial seven-day trial period, marking an early milestone for the product’s commercial rollout. The initial uptake suggests growing interest in Alludium’s AI automation platform and may strengthen Catenai’s position within the rapidly expanding AI technology landscape. The company also invited shareholders to attend a live investor presentation to discuss the development and future plans in greater detail.
Despite this early traction, Catenai’s overall outlook remains constrained by ongoing financial challenges, including significant operating losses and continued cash outflows. While revenues have shown improvement and the balance sheet has strengthened—with no debt and positive equity—valuation remains difficult to support due to negative earnings and the absence of dividend income. Technical indicators also point to broadly neutral to weak momentum in the shares.
More about Catenae Innovation Plc
Catenai PLC is an AIM-listed provider of digital media and technology services focused on delivering systems and infrastructure for organisations in corporate, government and educational sectors.
The company operates through an experienced IT team comprising project managers, developers and systems integrators who design and implement customised technology solutions for institutional clients. Its strategy centres on leveraging advanced digital tools and emerging technologies to expand its service offerings and support long-term growth.
LSL Property Services (LSE:LSL) delivered solid results for 2025, with revenue increasing 6% to £182.9 million and underlying operating profit rising 17% to £32.6 million. The performance translated into a record operating margin of 18% and a return on capital of 35%. The group maintained its dividend and completed a £7 million share buyback during the year, while also initiating a new £12 million repurchase programme, reflecting confidence in its balance sheet strength and cash generation.
Operational progress was driven in part by greater adoption of technology across the business. LSL secured its first contract with a major UK lender for an automated valuation model and introduced a new broker platform aimed at improving efficiency. The company also continued to invest in digital and data capabilities to support productivity gains and enhance service delivery.
Growth initiatives extended beyond technology. LSL increased its market share in financial services, recorded strong expansion in its business-to-consumer surveying activities and strengthened its estate agency division through acquisitions in the lettings market. The company also completed the purchase of National Search Service, a deal expected to add to earnings and support further profit growth heading into 2026 despite broader macroeconomic pressures.
Cost management remained a focus during the year, with central expenses reduced and greater collaboration across divisions helping deepen relationships with lenders and partners. These efforts have also supported cross-selling opportunities across the group’s service lines. Management said trading at the start of 2026 has been stable, supported by a healthy pipeline of potential acquisitions and continued emphasis on cost discipline and targeted investment to drive long-term returns.
LSL Property Services benefits from strong financial performance and a series of strategic corporate actions that reinforce its growth outlook. While valuation metrics appear reasonable and recent corporate updates have been positive, technical indicators suggest some caution as the shares may be approaching overbought levels.
More about LSL Property Services
LSL Property Services is a major B2B provider of residential property services in the UK. The group operates across surveying and valuation, financial services and estate agency franchising, delivering services to lenders, mortgage intermediaries and consumers.
Its strategy centres on technology-enabled valuation solutions, mortgage distribution platforms and a network of franchised estate agencies. Through these capabilities, LSL supports key participants across the UK housing and mortgage markets while continuing to expand its digital infrastructure and service offerings.
Mkango Resources (LSE:MKA) has released updated feasibility results for its Songwe Hill rare earths project in Malawi alongside a pre-feasibility study for a proposed separation facility in Puławy, Poland. The studies highlight both developments as significant components of the emerging global supply chain for magnet metals. Songwe Hill is planned as an 18-year operation producing a mixed rare earth carbonate containing high-value elements such as neodymium, praseodymium, dysprosium and terbium. The project already benefits from a mining agreement, a completed environmental and social impact assessment, and designation as a strategic project under the EU Critical Raw Materials Act.
According to the updated studies, initial capital expenditure for Songwe Hill is estimated at around US$325.5 million, while the Puławy processing plant would require approximately US$212 million. The projects show strong financial potential, with post-tax net present values of about US$339 million for Songwe and US$779 million for the Polish facility. Both projects also demonstrate solid internal rates of return, which could improve further if rare earth prices strengthen.
Mkango’s development strategy links upstream mining in Malawi with downstream separation capacity in Europe, creating an integrated supply pathway for critical rare earth elements used in electric vehicles, wind turbines and advanced electronics. The company also emphasises adherence to international environmental, social and governance standards, including modern tailings management practices, as it advances the projects. If successfully developed, the combined operations could generate long-term economic benefits for both investors and host communities while helping diversify global rare earth supply.
More about Mkango Resources
Mkango Resources is a developer focused on rare earth elements, with flagship projects in Malawi and Poland designed to support both mined and recycled rare earth supply. Its primary objective is to produce mixed rare earth carbonate from the Songwe Hill deposit and process it into high-value magnet metals through the planned separation plant in Puławy.
Through this integrated approach, Mkango aims to supply critical materials required for clean energy technologies and other high-growth industries, positioning itself within the expanding global market for rare earth-based components.
Angus Energy (LSE:ANGS) has reached an agreement in principle with its three main creditor groups—Trafigura, ORRI noteholders and Forum Energy Services—to restructure its existing debt obligations. The proposed arrangement, which remains subject to final legal documentation and shareholder approval, is intended to materially improve the company’s balance sheet, enhance liquidity and create a more sustainable long-term capital structure.
The parties are currently progressing toward binding legal agreements, with completion expected within the coming weeks. During this period, the company is continuing to manage working capital closely in cooperation with its lenders. Trading in Angus Energy’s shares on the AIM market will remain suspended until the restructuring process is completed, reflecting the significance of the transaction for the company’s financial position and strategic direction.
The company’s outlook remains shaped by challenging financial performance, including falling revenues and declining profitability. Technical indicators currently suggest neutral market momentum, while valuation metrics appear weak due to negative earnings. Nevertheless, recent corporate developments—including restructuring efforts and operational initiatives—offer potential catalysts that could support longer-term recovery and growth.
More about Angus Energy
Angus Energy is a UK-based independent oil and gas company listed on the AIM market, focusing on onshore production. It is currently the largest onshore gas producer in the UK and owns 100% of the Saltfleetby Gas Field.
In addition to Saltfleetby, the company holds majority interests in the Brockham and Lidsey oil fields and a 25% stake in the Balcombe licence. Angus Energy operates all of the assets in which it has an interest, concentrating on maximising production and operational efficiency across its portfolio.
Robinson plc (LSE:RBN) has finalised the disposal of roughly 1.3 acres of surplus land at its Walton Works site, marking another step in its plan to unlock value from non-core property assets. After the buyer covered final transaction costs totalling £412,335, the company received net proceeds of £616,665. The land had a book value of £540,000 at the end of 2025.
The site had limited use, producing only about £7,000 in rental income during 2025. Robinson said the proceeds from the sale will be applied toward lowering its bank borrowings. The disposal forms part of a broader strategy to sell surplus property assets and use the funds to strengthen the balance sheet while continuing to invest in the group’s core packaging activities.
Management reiterated that future proceeds from non-core property sales will similarly be directed toward debt reduction and supporting the expansion of its packaging operations. The approach reflects the company’s focus on streamlining its asset base while prioritising growth in its primary manufacturing business.
Robinson’s overall outlook reflects a mixed financial picture. The group benefits from a solid balance sheet and positive operating cash flow, though recent earnings and free cash flow have shown some volatility. Valuation metrics remain attractive, supported by a low price-to-earnings ratio and a strong dividend yield, while technical indicators currently remain weak.
More about Robinson
Robinson plc is a UK-based manufacturer of custom packaging solutions, specialising in injection- and blow-moulded plastic packaging as well as rigid paperboard luxury packaging. The company supplies major fast-moving consumer goods brands across sectors including food, homecare, personal care and premium gifting.
Robinson operates manufacturing facilities in the UK, Poland and Denmark and employs around 400 people. Alongside its packaging operations, the group continues to run a programme to dispose of surplus property assets as part of its ongoing effort to optimise its balance sheet and focus on core business growth.
Altona Rare Earths (LSE:REE), a London-listed exploration company focused on African critical minerals—including rare earth elements, fluorspar, gallium, copper and silver—is progressing development of its multi-commodity Monte Muambe project in Mozambique. The project holds a 25-year mining licence and is currently benefiting from U.S.-supported prefeasibility studies. Alongside this work, the company is pursuing commercial-scale fluorspar production and assessing the potential to recover gallium as a by-product, while also exploring copper-silver prospects in Botswana and reviewing additional project opportunities.
The company has also obtained a secondary quotation on the OTCQB Venture Market in the United States under ticker ANRCF, a step intended to broaden its exposure to North American investors and connect more closely with the U.S. critical minerals supply chain. The move follows the award of a grant from the U.S. Trade and Development Agency and comes at a time when prices for rare earth elements and gallium remain strong. The dual listing supports Altona’s strategy to develop partnerships in the U.S. and integrate more closely with Western supply chains, while continuing resource definition and metallurgical testing at Monte Muambe to reduce project risk and enhance value.
Altona is further evaluating downstream opportunities, ranging from mineral processing and separation to potential involvement in magnet manufacturing and other value-added activities linked to rare earths and gallium. Ongoing metallurgical studies and recent assay results from Monte Muambe are helping refine extraction methods for both fluorspar and gallium, with the potential to improve project economics. These efforts strengthen the company’s positioning within the growing global demand for secure critical mineral supply.
Despite these operational developments, the company’s financial profile remains weak, with no revenue generation, continuing losses, persistent cash outflows and increasing leverage. However, technical indicators show positive momentum, with the share price trading well above key moving averages and supported by a positive MACD signal. Valuation metrics offer little support at present due to negative earnings and the absence of dividend data.
More about Altona Rare Earths
Altona Rare Earths is listed on the London Main Market and focuses on exploration and development of critical raw materials projects across Africa, including rare earth elements, fluorspar, gallium, copper and silver. Its flagship Monte Muambe project in Mozambique hosts multiple critical minerals and is backed by a 25-year mining licence, an initial JORC-compliant resource estimate and U.S. funding to support prefeasibility studies.
In addition to rare earths, the company is advancing high-grade fluorspar targets at Monte Muambe, with plans to produce significant volumes of acid-grade material over a projected mine life of at least 12 years to serve clean energy and industrial sectors. Altona also owns the Sesana Copper-Silver Project in Botswana, located near existing mining operations, and continues to assess additional critical minerals opportunities aligned with its long-term growth strategy.
This is The Capital Compass. Today we’re heading to one of Africa’s most prolific gold districts — the Lake Victoria Gold Fields — to take a closer look at Cameo Resources (CSE:MEO) and its Katoro Project.
This is a region that has attracted some of the world’s largest gold producers, and Cameo has assembled a significant land package right in the middle of that activity. After completing extensive preliminary work, the company has identified 80 high-priority drill targets — and is now preparing to test 10 to 15 of those in its upcoming drill program.
Joining me now to walk us through the project, the targets, and what investors can expect next is Brian Thurston, Professional Geologist for Cameo Resources. Welcome to the Capital Compass.
Brian: Hi Ricki, thanks for having me.
Host: Brian, let’s start with the big picture. The Katoro Project is located in the Lake Victoria Gold Fields — a region that’s well known in the gold space. What makes this jurisdiction so important, and why is it such a compelling place to be exploring right now?
Brian: Tanzania is Africa’s 3rd largest gold producer, producing nearly 50 TONS annually, with multiple Tier 1 producers as well as over 1m small scale artisanal miners. With a mining friendly government, the industry contributing to over 50% of the country’s total exports, it’s the ideal place to explore and potentially discover new Tier 1 deposits.
Host: This area is home to several major gold producers. How important is it to be operating alongside established players, and what does that tell you about the geological potential of your ground?
Brian: Being in the mist of mining titans, such as Anglo’s Geita Mine, Barricks Bulyanhulu and North Mara mines, Perseus’ new Nyangaza mine, TRX’s Buckreef mine, amongst others, shows the potential for very large deposits and potential for new discoveries. We are along the same major fault line as Buckreef on our Eastern boundary and also another significant fault to our West, making our Kataro Project a very prospective area.
Host: You’ve assembled a sizeable land package in the district and recently completed technical work that generated 80 high-priority drill targets. Can you walk us through what that work involved and what stands out to you about those targets?
Brian: Our exploration team first started with an air-borne magnetic survey over the entire project, which identified numerous anomalous areas. Our Team then narrowed down 5 priority blocks, making up only 15% of the project, and completed Pole-Dipole Induced Polarity. The results identified conductivity zones as high as 250 mV/V, this is very exciting as it indicates the potential of semi-massive to massive sulphides over large areas. With this geophysical data, we were able to identify 80 high priority drill targets.
Host: You’re now moving toward drilling 10 to 15 of the highest priority targets. What will this initial drill campaign focus on, and what would success look like in this first phase?
Brian: Our first round of drilling will target these high conductivity zones first. We believe this area to have the potential to be similar to samples taken from a nearby active small scale mining operation, that came in as high as 238 g/t.
(Location Katoro Gold Project of the Lake Victoria GoldField greenstone belts in north-western Tanzania. Source: Cameo Resources Inc.)
Host: Finally, investors always want to know about timing. When do you expect drilling to begin, and when might we see the first results from this program?
Brian: We just successfully completed our local discussions with the Village counsel and negotiations with the respective landowners for access and to ensure a smooth start to our drilling campaign, which we expect to commence at the end of March, with our first assays in early April, at which point new results will be coming in on a weekly basis.
Host: Brian, thank you for joining us and walking us through the Cameo Resources story.
Brian: Thanks for having me and sharing our exciting story.
