Blog

City of London Investment Group PLC (LSE:CLIG) reported funds under management of $11.1 billion as of September 2025, marking a 2.8% increase since June. The company also declared a final dividend of 22p per share, keeping the total annual dividend at 33p per share, with a rolling five-year dividend cover of 1.21 times.

The firm’s strong performance reflects its strategic focus on niche and underfollowed securities, alongside the benefits of its merger with Karpus Investment Management. A stable and well-resourced environment for investment teams allows the company to deliver consistent results while seizing opportunities from market dislocations.

Looking ahead, City of London Investment Group benefits from solid valuation and technical trends, supported by strong financial metrics. While recent corporate events suggest a positive strategic direction, the CEO’s share sale introduces some uncertainty. Nevertheless, the company’s attractive dividend yield and favorable P/E ratio continue to enhance its investment appeal.

About City of London Investment

City of London Investment Group PLC is a globally integrated investment company with a research-driven approach. It builds diversified portfolios of high-quality, often underappreciated securities, including Closed-End Funds (CEFs), aiming to exploit persistent market inefficiencies. Operating across Asia, Europe, and North America, the company combines quantitative and qualitative analysis to pursue consistent opportunities in global markets.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Ariana Resources (LSE:AAU) has announced plans for a large-scale drilling program at its Dokwe Gold Project in Zimbabwe, following the company’s successful dual listing on the Australian Securities Exchange.

The initiative is aimed at expanding the existing gold resource and reserves at Dokwe, capitalizing on favorable gold prices and Ariana’s strong strategic position to accelerate development. The company is targeting annual production of at least 60,000 ounces over a projected mine life of 13 years. This program is set to play a central role in advancing Ariana’s growth strategy and consolidating its status as a globally recognized gold producer.

About Ariana Resources

Ariana Resources PLC is engaged in mineral exploration, development, and production, with a portfolio of gold projects across Africa and Europe. Its primary focus is on advancing the Dokwe Gold Project in Zimbabwe, which represents a cornerstone growth opportunity with substantial resource potential.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Mast Energy Developments PLC (LSE:MAST) has unveiled a new growth strategy centered on delivering power solutions for AI datacentres. The company plans to develop 1 GW of datacentre power campuses in the UK within the next 36 months, deploying capacity in modular phases and leveraging partnerships to meet its ambitious objectives.

This initiative positions MAST to benefit from the accelerating demand for AI infrastructure power in the UK, while reinforcing its goal of becoming a leading AI-focused energy platform listed on the London Stock Exchange.

About Mast Energy Developments PLC

Mast Energy Developments PLC is a UK-based developer, operator, and owner of flexible generation power assets. With expertise in infrastructure planning, grid and gas access, and power supply, the company has a track record of delivering energy in constrained regions. MAST also partners with leading firms such as Powertree and Rolls-Royce to strengthen its operational capabilities.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Eleco plc (LSE:ELCO) announced robust interim results for the first half of 2025, delivering a 19% increase in Annualised Recurring Revenue and a 23% rise in Total Recurring Revenue. The company achieved record levels of recurring revenue, alongside higher profitability and stronger market presence, supported by strategic acquisitions.

A key highlight was the integration of PMI Software Ltd (PEMAC), which has enhanced Eleco’s CMMS capabilities while broadening both its customer base and international reach. Despite ongoing geopolitical and macroeconomic headwinds, Eleco’s resilient business model and disciplined execution continue to underpin its growth trajectory, with improved operational gearing and stronger shareholder returns.

Looking ahead, the company’s outlook is supported by its strong financial profile, marked by consistent revenue expansion and profitability. However, technical indicators point to potential short-term weakness, and the elevated P/E ratio suggests the shares may be trading at a premium. With no recent earnings calls or corporate events, these factors currently have no impact on the assessment.

About Eleco

Eleco plc is an AIM-listed international software and services provider focused on the built environment. Its portfolio includes brands such as Elecosoft, BestOutcome, PEMAC, Vertical Digital, and Veeuze, with operations spanning the UK, Ireland, Sweden, Germany, the Netherlands, Romania, Australia, and the USA. Eleco’s solutions are applied throughout the building lifecycle, covering project management, estimation, visualization, Building Information Modelling (BIM), and property management.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

East Star Resources (LSE:EST) has successfully completed its drilling campaign at the VMS copper targets and the Verkhuba Copper Deposit in East Kazakhstan. Sulphide mineralization was logged in every hole, with assay results still pending.

The company plans to carry out additional exploration work, including geophysical surveys and follow-up drilling, with an updated resource model expected in Q4 2025. The program was delivered safely and within budget, and early signs of mineralization beyond the existing resource boundary suggest potential to expand the company’s resource base and strengthen its market position.

About East Star Resources

East Star Resources Plc is dedicated to the exploration and development of copper and gold assets in Kazakhstan, leveraging local expertise to drive discovery. Its current projects include volcanogenic massive sulphide (VMS) exploration, with an existing maiden JORC Mineral Resource Estimate of 20.3Mt grading 1.16% copper, 1.54% zinc, and 0.27% lead. The company is also advancing copper porphyry and epithermal gold prospects, supported by a US$500,000 grant from BHP Xplor.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Powerhouse Energy Group plc (LSE:PHE) has published its half-year results for the period ending 30 June 2025, emphasizing progress in its strategy centered on licensing fees, royalties, and engineering services.

The company is moving forward with its Ballymena project, where it plans to secure project financing, while also deepening international collaborations with National Hydrogen Limited in Australia and Altec Energy in Thailand. A key milestone was reached with the completion of the Feedstock Testing Unit, which strengthens the group’s ability to bring its technology to market.

On the financial side, revenues and gross profit rose compared to the previous year, though cash balances declined. To support its project pipeline and ongoing R&D efforts, Powerhouse Energy raised additional funds through a share placing. Looking ahead, the company intends to expand the range of its commercial applications and explore opportunities in the sustainable aviation fuel market.

About Powerhouse Energy

Powerhouse Energy Group plc is a UK-based technology company focused on transforming non-recyclable waste into low-carbon energy. Its proprietary process converts plastics, end-of-life tyres, and other difficult waste streams into syngas, which can then be used to produce hydrogen, electricity, and chemical feedstocks. The group also includes Engsolve Ltd, an engineering consultancy that provides expertise in clean energy and new technology development.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

SigmaRoc (LSE:SRC) provided an update on its AMeLi initiative, a joint venture with ArcelorMittal aimed at developing net-zero CO₂ lime kilns in Dunkirk. ArcelorMittal has chosen to withdraw from the partnership, citing concerns about the project’s execution, particularly challenges tied to securing French building permits.

Despite this setback, SigmaRoc confirmed that its financial forecasts and medium-term objectives remain unchanged, with no immediate effect on day-to-day operations or its broader CO₂ reduction goals.

The company continues to demonstrate strong financial performance and a proactive approach to corporate strategy, which underpin its market position. Technical indicators point toward a favorable outlook, though valuation pressures tied to a high P/E ratio weigh on the assessment. With no earnings call updates available, management’s forward guidance remains less transparent.

About SigmaRoc

SigmaRoc is a European lime and minerals group specializing in lime and limestone products that play a key role in sustainable economic transitions. The company focuses on acquiring and investing in businesses across the lime and minerals industry, driving shareholder value through targeted acquisitions and operational improvements.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Focusrite plc (LSE:TUNE) reported resilient results for the six months to 31 August 2025, with revenue growth supported by strong momentum in its Content Creation segment and the launch of updated products.

The group achieved a 6% year-on-year increase in revenue, alongside improved gross margins and a reduction in net debt, despite facing challenging trading conditions and broader macroeconomic uncertainty. Strategic measures such as enhancing supply chain flexibility and implementing selective pricing have helped the company adapt effectively to market pressures.

Looking forward, Focusrite’s outlook reflects both strengths and vulnerabilities. While financial performance shows areas of concern, including negative free cash flow and a slowdown in revenue growth, the company continues to offer a dividend yield as partial support for shareholders. Technical indicators point to a bearish trend, and a high P/E ratio suggests the shares may be overvalued, leaving the stock facing notable challenges.

About Focusrite

Focusrite plc is a global supplier of music and audio solutions, offering hardware and software used by professional and amateur musicians as well as across the wider entertainment industry.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Pennant International Group plc (LSE:PEN) released its interim figures for the first half of 2025, reflecting ongoing difficulties in the procurement landscape but emphasizing continued progress in its transition toward higher-margin software and services.

The group reported revenues of £4.5 million, down from £7.4 million in the same period last year, alongside an adjusted pre-tax loss of £1.8 million. Despite the weaker financial performance, the company advanced its Auxilium suite strategy and broadened its commercial footprint through new partnerships, including a global original equipment manufacturer agreement with Siemens Digital Industries Software.

Pennant also completed a property disposal program that generated £3.1 million and outlined plans for a direct subscription to raise £1.25 million in additional working capital.

Looking ahead, the company’s outlook remains constrained by its financial results and bearish technical signals. A negative P/E ratio further limits its valuation attractiveness, making a return to profitability and a reversal of the downtrend key priorities for strengthening investor confidence.

About Pennant International

Pennant International Group plc is a worldwide provider of support software, training solutions, and technical services. It operates across sectors including Aerospace, Defence, and Rail, as well as other safety-critical industries such as Shipping, Nuclear, and Space. The business strategy emphasizes building sustainable, recurring revenue streams, with a strong shift toward higher-margin software and services. Headquartered in Cheltenham, UK, the company serves global customers in regulated markets with high entry barriers.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

tinyBuild, Inc. (LSE:TBLD) delivered stronger-than-expected results for the first half of 2025, reporting revenue of $17.0 million and a sharp rise in adjusted EBITDA to $4.2 million. Growth was supported by stronger contributions from owned-IP titles and successful launches such as Deadside on console, which also helped reinforce the company’s cash position.

Although broader market conditions remain uncertain, tinyBuild’s strategy of cautious investment in new intellectual properties and maintaining a broad portfolio provides a solid platform for future expansion. The board continues to monitor macroeconomic risks and the conflict in Ukraine but remains confident in surpassing previous performance expectations.

At the same time, tinyBuild faces financial pressures, with revenue headwinds and net losses weighing on overall profitability. Even so, technical indicators point to moderate positive momentum in the share price. Strategic initiatives and sustained shareholder backing are additional factors that could support long-term recovery.

About tinyBuild Inc.

Established in 2013, tinyBuild is a publisher and developer of premium AA and independent video games. Its catalog spans more than 80 titles, with a focus on securing and developing intellectual property while working with partner studios to create multi-game and multimedia franchises. Headquartered in Bellevue, Washington, tinyBuild has a global footprint, with staff, contractors, and collaborators across five continents, enabling it to source promising IP and manage development efficiently.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.