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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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7 Feb 2013 08:30

Corac Group wins contract to supply equipment to submarines

UK engineering group Corac Group has secured a contract extension to supply air purification equipment to an overseas submarine programme. The company, which serves oil and gas, defence and industrial markets, said its subsidiary Atmosphere Control International (ACI) will make the delivery during

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5 Feb 2013 09:49

Corac results 'ahead of expectations'

AIM-listed technology-led engineering group Corac has published a trading update for the year end, indicating that its financial results are likely to exceed board expectations. The group, which serves the oil, gas and defence markets, reported that its financial performance would be "ahead of mark

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16 Oct 2012 08:50

Corac signs French submarine contract

Shares of engineering technology company Corac surged on Tuesday after it confirmed its Atmosphere Control International (ACI) unit has signed a multi-million pound contract with French naval shipbuilder and submarine supplier DCNS. Corac said its unit has finalised contractual discussions with DCN

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18 Sep 2012 10:53

Small caps round-up: Origo Partners, Corac, Work Group

Shares in Origo Partners hit a 52-week low after the Beijing-based private equity investment firm announced a first half investment loss, pushing it into the red at the interim stage. Having enjoyed investment income of $23.6m in the first half of this year, the group suffered an investment loss of

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17 Apr 2012 10:35

Corac up on new compression system

Corac, the engineering technology company, has risen sharply in morning trading after revealing reduced losses and emphasising the potential of its recent purchase of Wellman Hunt Graham and Wellman Defence. A new design for a modular compression system also appears to have boosted hopes for the fir

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11 Aug 2011 10:52

Corac to press on as revenues rise

Corac, the maker of compressors used for natural gas extraction and plastic bottle blowing, saw losses narrow in the half year to 30 June as it received more technology development fees from partners. Pre-tax losses totalled £2.35m, against a deficit of £2.76m the previous year, on revenues that r

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18 Apr 2011 17:05

Bankers chairman pockets £2.75m

The chairman and co-founder of Bankers Petroleum, Robert Cross, has sold half a million shares in the company for a whopping £2.75m. The Canada-based oil and gas group reported Monday that Cross sold 500,000 common shares for 549.69p each on 14 April. Last month, Bankers reported a 97% surge in oi

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4 Apr 2011 15:52

Brainspark chief executive takes shares

The chief executive of investment company Brainspark, Alfredo Villa, has spent £112,500 on shares in the company. He took 31,000 shares, paying 34.5p a share. Following the acquisition and the conversion of some other shares awarded to Villa into ordinary shares, he now has about 5.3m ordinary shar

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28 Mar 2011 16:24

Corac signs compressor agreement

AIM-quoted Corac has signed a Memorandum of Understanding with a major player in the compressed air industry, which wants to develop Corac's no oil compressor technology for market niches. These niches include water treatment, pneumatic conveying and the boosting of existing compressors. The whole

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1 Feb 2011 10:19

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

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,

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17 Dec 2010 13:31

Disappointing test for Corac technology

Corac admits that its two-week test programme for its downhole gas compressor system was not a complete success. The tests were carried out with ENI at the company's methane test facility at Spadeadam in Cumbria. Corac says the tests were impacted by the cold weather and did not achieve the intend

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5 Nov 2010 15:53

Corac seeks £20m

Shares in compressed air technology developer Corac have lost more than one-quarter of their value after the company admitted that it wants to raise £20m. Corac would raise around £15m from a placing at 15p a share and give existing shareholders the chance to participate in an open offer raising a

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5 Jul 2010 09:50

Small cap round-up: XP Power, Thor Mining, GB...

XP Power said the evolution of the group to an own brand/own manufactured business model is driving a significant improvement in performance, as control over the manufacturing process delivers both higher margins and more rapid customer response times. Group revenues in the three months to 30 June

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5 Jul 2010 07:36

Corac Group Appoints Phil Cartmell As Executive Chairman

LONDON (Dow Jones)--Corac Group PLC (CRA.LN), an Industrial Air Compression company, in the Oil and Gas industry, announced Monday that Phil Cartmell will combine the roles of Chief Executive Officer and Chairman and is appointed Executive Chairman with immediate effect. MAIN FACTS: -Corac c

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29 Apr 2010 16:37

Faroe FD buys ahead of rights issue

Faroe Petroleum's finance director Iain Lanaghan bought shares prior to them going ex-rights. The oil and gas explorer and producer is raising £69.8m via a two-for-three rights issue at 100p a share. Faroe will receive £65.1m after expenses and this will take its net cash to nearly £90m. Lanagh

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