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Small caps round-up: Active Energy, Corac, Low & Bonar...

Tue, 01st Feb 2011 10:19

Shares in Active Energy rose by a tenth Tuesday after the group announced that new contract wins in January will generate revenues in excess of £400,000 for 2011.One significant contract has been secured with the National Physical Laboratory, run by Serco on behalf of the Department for Business, Innovation and Skills. Active Energy will supply five VoltageMaster units, its voltage optimisation product.Compressed air technology developer Corac expects 2010 results to be broadly in line with expectations despite costs of £0.25m from the restructuring of the business. The group said its balance sheet was significantly strengthened by the successful fund raising of £21m in December. Performance materials group Low & Bonar (L&B) has entered into a joint venture with the Saudi Arabia-listed industrial company Alujain for the design, manufacture and sale of geotextile products "for the fast growing civil engineering markets in the Middle East and the Indian subcontinent," L&B says.L&B and National Petrochemical Industrial Company (Alujain's subsidiary) will each have a 50% equity interest in, and shared operational control of, the venture to which they will both contribute £5.4m cash, payable during 2011.Private equity investor Origo Partners' net asset value for the quarter ended 31 December rose 7% to $173.8m compared to the preceding three months, while total investments for the period were $21.3m.Realisations amounted to $21.4m, with the majority attributable to the partial stake in water treatment technology developer HaloSource which completed a flotation on AIM in October. Origo sold 60% of its stake to raise $11m, delivering a 79% uplift on the original investment.
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29 Aug 2018 11:49

Cradle Arc Slashes Guidance After Mowana Mine Suffers Breakdowns

LONDON (Alliance News) - Cradle Arc PLC said Wednesday the contained copper produced at the company's 60%-owned Mowana copper mine in Botswana was lower than forecast, as Chairman Toby Howell

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4 Jul 2018 11:28

Cradle Arc Sells Off Non-Core Burkina Faso Assets For Notional USD1

LONDON (Alliance News) - Africa-focused precious metals miner Cradle Arc PLC said on Wednesday it has disposed of its non core assets in Burkina Faso, held by its subsidiary Societe Miniere de for

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31 May 2018 10:58

New Ore Reserve Boosts Cradle Arc's Mowana Resource Estimate

LONDON (Alliance News) - Cradle Arc PLC on Thursday said a maiden ore reserve for its Mowana copper mine "underpins" the scale and commercial potential of the project.Shares in in

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31 May 2018 10:54

WINNERS & LOSERS SUMMARY: FirstGroup Swings To Loss, CEO Departs

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 4.7%. The Irish building materials company

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25 Apr 2018 13:33

Cradle Arc Appoints Investor Oscar Kirkovits Non-Executive Director

LONDON (Alliance News) - Miner Cradle Arc PLC on Wednesday announced the appointment of Oscar Kirkovits as a non-executive director of the company, effective immediately.Kirkovits began his

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3 Apr 2018 10:02

Cradle Arc Reports Rise In Mowana Mine Resource Estimate

LONDON (Alliance News) - Cradle Arc PLC, an African focused metal exploration company, said Tuesday its Mowana copper mine in Botswana is showing a in its

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3 Apr 2018 07:00

Cradle Arc to boost copper output in Botswana from April

* Mowana mine output halted in 2015 during commodity crash * Next target 20,000 tonnes a year after 12,000 tonnes * Company raised $10 million in debt to revive April

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1 Jun 2015 15:48

Corac secures first commercial offer for Spirax Sarco

Engineering and technology group Corac has received its first commercial offer for its steam expander Spirax Sarco. This follows Corac's acquisition of the steam system management and peristaltic pumping company in March. The group did not give details about the client, but said the order consists

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1 Jun 2015 07:38

Corac Gets First Commercial Order Under Spirax-Sarco Agreement

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22 May 2015 08:10

Corac to change name to TP Group

Shareholders of Corac Group have voted in favour of the AIM-listed industrial engineer changing its name to TP Group, the company announced on Friday. The resolution was approved by shareholders at an annual general meeting and will take effect on Monday 1 June. Corac, which focuses on the aerospac

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22 May 2015 07:35

Corac To Change Name To TP Group From June 1

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21 May 2015 07:30

LONDON MORNING BRIEFING: Booker Group Up 10% On Store Chains Purchase

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21 May 2015 05:12

AGM, EGM Calendar - Week Ahead

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20 May 2015 15:15

AGM, EGM Calendar - Week Ahead

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20 May 2015 05:14

AGM, EGM Calendar - Week Ahead

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