Diploma (DPLM) shares ticked up 8.68% to 3,483p as it reiterates guidance as profits rise 

In its final results for the 12 months ended 30 September 2021, Diploma reiterated its forecast for 10% in revenue growth after the company reported a strong performance for the period. 

In the year, profit soared by 71% to £148.7m while its operating margin rose to 18.9% from 16.2%. Diploma therefore raised its final dividend by 51% to 30.1p for a total payout of 42.6p.

Looking ahead, Diploma highlighted to its shareholders that market conditions remain uncertain and that it continues to manage supply chain constraints and labour shortages.

Starcom (STAR) shares skyrocketed 607.96% to 16p as GM resolutions come into effect

On Friday, Starcom informed investors that all resolutions at its GM had been passed, including its name change to t42 IoT Tracking Solutions under the ticker TIDM.

A share consolidation announced earlier this month was also approved at the GM. Both the share consolidation and admission to trading on AIM officially commenced this morning.

ADVFN (AFN) shares jumped 20.41% to 88.5p after the group swings to a pre-tax profit

In recent weeks, ADVFN reported that it had swung to a pre-tax profit for FY21 amid higher revenue as a result of Covid-19 related lockdowns and the cryptocurrency market soaring. 

In FY21, the company reported a pretax profit of £1.6m for the year to 30 June 2021, compared with a pretax loss of £0.349m in FY20. Revenue was up 28% to £9.1m.

As a result of its performance, it declared a dividend of 1.5 pence a share for FY21.

Ironveld (IRON) shares rose 15.38% to 1.125p following £5.6m cash injection 

In recent weeks, the stock has more than doubled after Grosvenor Resources, a South African private company, confirmed that it would invest a total of £5.6m into Ironveld.

Giles Clarke, Chairman of Ironveld, said the agreement was a culmination of a huge effort by the Ironveld team “in what have been trying circumstances in South Africa this year.”

Grosvenor Resources will have a 29.9% stake in Ironveld when the purchase goes through.