Another Covid tester receives an upgrade
Results and updates covered in our free update here include an upgrade for a provider of Covid-19 tests, which has seen further strong trading. Clearly it needs to develop other products for the post Covid world, whenever that might appear. Elsewhere, there was a much-needed cash injection for a renewable energy group and positive news from another of our Stonking Small Caps (Free to read)
SIMEC Atlantis Energy: sale of hydro business SIMEC Atlantis Energy (AIM:SAE), has agreed the sale of its subsidiary Green Highlands Renewables (GHR) for £3m. Having acquired GHR from its main shareholder SIMEC Energy for a nominal £1 in October 2019, it looks a reasonable deal based on that measure, although GHR did contribute £796,000 of profit in 2020 so the acquirer should also be happy. GHR has developed and commissioned over 50 hydro schemes across Scotland. MyHealthChecked: Covid testing beneficiary MyHealthChecked (AIM: MHC), the consumer home-testing healthcare company,which offers Covid-19 tests, announced that results for the year ending 31 December…