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TRADING UPDATES: Somero Enterprises extends buyback to USD6.0 million

9th Apr 2026 20:07

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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RentGuarantor Holdings PLC - London-based provider of rent guarantee services in the UK private rental sector - Revenue more than doubles year-on-year in the three months to March to GBP882,428 from GBP429,867, exceeding company forecasts. Should the current performance continue, the company is "cautiously optimistic" that 2026 revenue will be ahead of current market expectations. Chief Executive Paul Foy says the growth was a consequence of the substantial increase in tenant contracts signed during the period - 583 more than the corresponding quarter last year.

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European Green Transition PLC - developing green economy assets in Europe - Provides an operational update on its Wind Energy Services business for the three months to March. Reports a positive start to 2026, with continued momentum across its repowering pipeline and order book, under its brands Earthmill Maintenance, Silverford Engineering and Wind Energy Partnership. Flags strong visibility over near and medium-term revenue, in line with management expectations for significant growth in 2026 and beyond. Managing Director Dave Brockbank says: "With supportive policy tailwinds and clear visibility over future projects, we are confident in our ability to deliver significant growth in 2026 and beyond and of reaching our medium-term target of GBP50 million group revenue and double-digit earnings before interest, tax, depreciation and amortisation margin."

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Lexington Gold Ltd - gold explorer, with assets in the US and South Africa - Continues to make steady progress on the Jelani joint venture with in partnership with Harmony Gold Mining Co Ltd, with the project's mining right application on track for submission during the second quarter. Further, continues to refine and enhance the project's technical study. At its Kroonstad project, Lexington continues to advance its technical assessment with a view to refining its geological understanding of the area and progressing the design of an initial drill programme. Elsewhere, it continues to review the timing of any further work at Bothaville and points to a "materially enhanced" value of its US asset portfolio following the recent increase in the independent JORC (2012) inferred mineral resource estimate for the JKL project. Accordingly, Lexington is considering a range of strategic options in relation to the US assets.

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MobilityOne Ltd - Kuala Lumpur, Malaysia-based e-commerce payment solutions provider - Notes the recent media commentary stating that MobilityOne Sdn Bhd has secured a full-fledged shariah-compliant Islamic digital banking licence from the Labuan Financial Services Authority. Company points out that in December it received conditional approval from Labuan Financial Services Authority for M1 Malaysia to establish a subsidiary in Labuan to be named MBO Bank Ltd to carry on Islamic digital banking business in Labuan, Malaysia. This is subject to MBO Bank having sufficient capital reserves, strong corporate governance and other strict operational and prudential requirements in place as stipulated by the Labuan FSA. On Thursday, MobilityOne says these conditions remain outstanding.

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Wishbone Gold PLC - miner with projects in Western Australia - Signs option to buy the Silver Lake project, a silver prospect in the Carnarvon Basin of Western Australia, for GBP100,000. Should the deal proceed, the purchase price will be met by the issue of 3.6 million Wishbone shares. The tenement of the project is over 422km squared and has extensive surface-level silver mineralisation along a 35km structural corridor. Chair Richard Poulden says: "We see Silver Lake as a potential high value project with the shallow lateral formation that hosts the silver being able to be targeted with cheap drilling using auger equipment. At the time we exercise the option to acquire the project we will update shareholders on our final exploration plans."

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Fintel PLC - Huddersfield, England-based software provider to UK retail financial services sector - Simplybiz Mortgages, part of Simplybiz, a subsidiary business of Fintel reports record lending figures for 2025, with strong continued growth in both its total lending and overall market share. Simplybiz Mortgages' market share rises to 4.74% in 2025 from 4.68% in 2024, while there was also a rise of 20% in Simplybiz Mortgages' total lending figures, growing from GBP23.7 billion in 2024 to GBP28.4 billion in 2025. Simplybiz Mortgages Chief Executive Martin Reynolds comments: "Our sustained year-on-year growth underlines Simplybiz Mortgages' position at the forefront of the sector and is indicative of our objective of helping advisers deliver better financial outcomes for their clients."

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Somero Enterprises Inc - Florida, US-based concrete-levelling firm - Approves an increase in the size of the company's share buyback programme, announced in March from USD4.0 million to a maximum of USD6.0 million. This provides additional flexibility to return further capital to shareholders and is consistent with a disciplined capital allocation framework. In addition, Somero said the company is taking a highly selective and disciplined approach to M&A, with a focus on small to mid-sized, complementary opportunities that align closely with Somero and its long‑term strategy. "While debt may be used prudently and selectively, the company does not intend for it to become a sustained feature of the balance sheet. Any use of debt would be measured, with a focus on maintaining a strong balance sheet and deleveraging following an acquisition in a timely manner."

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By Jeremy Cutler, Alliance News reporter

Comments and questions to [email protected]

Copyright 2026 Alliance News Ltd. All Rights Reserved.


Related Shares:

RentguarantorEuropean Green TransitionLexington GoldAvacta GroupMobilityoneWishbone Gold (AIM)FintelSomero
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