A profit upgrade from Softcat (LON:SCT) dominated the technology small- and mid-cap space, with the IT infrastructure reseller's shares surging to the top of the session's leaderboard after stronger-than-expected third-quarter trading prompted a lift to full-year guidance. Elsewhere, Checkit (LON:CKT) confirmed credible buyer interest in its formal sale process, and Tekcapital (LON:TEK) moved into geothermal-powered AI compute with a new portfolio company.
Softcat lifts full-year profit guidance on Q3 momentum
Softcat (LON:SCT) upgraded its full-year profit guidance after reporting strong third-quarter trading, sending the shares up 13.38% to 1,635p. The company said the upgrade reflects both progress to date and encouraging momentum that supports prospects for continued market share gains. Management did flag ongoing uncertainty from memory shortages and the broader macroeconomic environment, but the tone was sufficiently positive to drive one of the sharpest single-day moves in the stock in recent memory.
Checkit draws credible interest in formal sale process
Checkit (LON:CKT) disclosed that potential acquirers have shown "credible interest" in the formal sale process it launched on 26 March, with discussions continuing as the company held its AGM. The update offered no names or indicative valuations, but the confirmation of substantive engagement marks a meaningful step forward in the process. Checkit (AIM:CKT) shares eased 2.0% to 24.5p on the day.
Tekcapital forms geothermal AI compute venture Vesari
Tekcapital (LON:TEK) took a 51% controlling stake in Vesari, a newly formed portfolio company built around the concept of co-locating AI compute infrastructure directly with geothermal power generation. The model connects capacity via low-Earth-orbit satellites and operates behind the meter, with the stated aim of delivering 24/7 carbon-free compute at greater efficiency than conventional data centre arrangements. Tekcapital (LSE:TEK) shares edged up 0.78% to 6.198p.
Catenai extends Klarian loan repayment to July with penalty fee
Catenai (LON:CTAI) agreed to extend the repayment deadline on a convertible loan note owed by Klarian, pushing the due date for £699,160 back to 1 July. The extension carries an additional charge of 3% per month on the outstanding balance, a rate that reflects the cost of the delay to Catenai. The shares fell 7.41% to 0.25p.
Cordiant's Emitel opens Tier III+ data centre in Poland
Cordiant Digital Infrastructure (LON:CORD) portfolio company Emitel launched commercial Tier III+ data centre services, offering co-location, cloud computing and data processing to Polish and pan-European enterprise customers. The opening marks a step-up in Emitel's infrastructure offering beyond its established broadcast and telecoms network. Cordiant shares dipped 0.75% to 118.11p.
