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Small caps round-up: OMG, Oakley, Noble...

Wed, 28th Apr 2010 11:24

Oxford Metrics Group (OMG) rallied Wednesday after the image technology company flagged half-year revenue of £14.4m and predicted a pre-tax profit ahead of the market's current forecast for the full year.The firm says it is in "robust financial health", which pleases Daniel Stewart. The broker points out it's exposed to trends in sectors like R&D, defence development and mapping, which are all showing signs of recovery, so buy.Oakley Capital Investments pushed ahead as traders welcomed a 31% increase in net asset value per share during 2009 to a better than expected 141p.The improvement was driven primarily by operational performance improvements in the portfolio companies of Oakley Capital Private Equity.AIM listed coin and stamp dealer Noble Investments lifted pre-tax profit for the six months ending 28 February by 9% to £1.08m on revenue 12% better at £7.1m.Noble hiked the dividend by 35% to 1.35p a share as managing director Ian Goldbart reported continuing strong demand for high quality rarities.Irish explorer Minco has given back some of its recent gains after announcing completion of 34 holes in the first quarter of 2010 on its Pallas Green zinc-lead joint venture in Co. Limerick. The shares succumbed to profit taking having almost doubled this month.Battery maker China Shoto reported a 117.1% jump in full-year pre-tax profit to £25.07m. "In 2010, the group will accelerate the development of its overseas distribution networks and strengthen its sales push into international markets to maintain its growth momentum whilst continuing to deliver value to our shareholders," said chairman Yang Shanji.Compressor technology specialist Corac reported a slightly higher pre-tax loss of £3.69m in the year ended 31 December from a loss of £3.48m despite revenue rising to £1.34m from £0.66m last time.Idea management software firm Imaginatik saw its share price fall to a 52-week low after it said revenue for the year is expected to be slightly lower than expected at £4.55m after contract negotiations on a project dragged on longer than expected.Operating loss before share option charges for the year to 31 March 2010 is expected to be £1.26m, compared to a loss of £0.13m the year before. Cash at the end of March stood at £1.51m, up from £1.14m a year earlier.The share price of gift wrap and greetings card maker International Greetings is looking a bit battered after the group said sales and profitability in the year to 31 March 2010 were in line with market expectations.Net debt by the end of March had been reduced by £19.7m from a year earlier to £48.8m.Invista Foundation Property Trust saw its net asset value (NAV) per share at the end of March 2010 advance to 52.4p from 49.5p at the end of 2009. The improvement follows a £15.1m (5.2%) like for like increase in the underlying value of the property portfolio. The real estate investment trust has announced an interim dividend of 0.88p for the first quarter of 2010.
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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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