![]() ![]() The manufacturer of digital security said while its 2017 revenues “rose strongly”, it was nowhere near its sales target of US$6.5mln that is needed to break-even. SerVision PLC ( LON:SEV) shares fell after saying it still has a long way to go to trade at break-even and warning that it needs to raise funds. ![]() MiTP and Meghna have a revenue-sharing arrangement in place for transaction fees incurred by users of the mobile banking app or point of sales terminals.ġ1.00am: SerVision shares drop as is seeks new investors Meghna is a commercial bank, which started operations in Bangladesh in 2013. The app, developed by Mobility i Tap Pay (Bangladesh) Limited (MiTP), can be used for fund transfers, prepaid mobile reloads, ticketing and bill payments. MobilityOne Ltd ( LON:MBO) shares rose as it said its Bangladesh subsidiary has developed a mobile banking app for the country’s Meghna Bank. “I am pleased that the recent investment we have made in new mobile identity technology is starting to generate significant orders,” said chairman and chief executive Richard Parris. Intercede expects 50% of the initial contract to be received in the next 30 days and the remainder by the financial year through March 2019. The contract has an initial order value of more than £1mln and will generate recurring fees. The MyID software allows citizens to generate a new digital identity on a government smartphone app, which can be used to access public services, healthcare, banking and e-commerce. Intercede Group PLC ( LON:IGP) shares climbed 9% to 29.50p after the software company said an undisclosed Middle Eastern country has selected its MyID mobile identity technology. The book for the placing will open with immediate effect and is expected to close no later than 5.30pm on Tuesday.ġ.05pm: Intercede gains on Middle East government contract Gate Ventures wants to sell its entire shareholding via an accelerated bookbuild placing to institutional and other investors. Reach4Entertainment Enterprises PLC ( LON:R4E) shares dropped as it said Gate Ventures plans to sell a 23.5% stake in the media and entertainment company. In 2013 Botswana made a deal with rough diamond producer, Alrosa, to co-operate on exploration using Alrosa's technology in Botswana. ![]() It will use soil samples and magnetic surveys to supplement the airborne gravity and airborne magnetic data obtained in earlier work. The programme will focus on previously identified geophysical targets in the Central Kalahari Game Reserve with the aim of turning them into drill targets. Botswana Diamonds PLC ( LON:BOD) said it has kicked off its first half exploration programme with Russian diamond miner and explorer Alrosa PJSC, pushing its shares up 7% to 1.18p. ![]()
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