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

Tue, 18th Sep 2012 10:53

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 $38.6m in the first half of 2012, resulting in a loss before tax of of $37.3m, compared to a profit of $19.4m a year earlier. Its net asset value dropped to $204.2m from $240.6m the year before. Over half the firm's portfolio is mining stocks, which have been hit by the world's ongoing economic woes. Its investments in Mongolia are also in the spotlight as "resource nationalism" is growing in the country. Engineering firm Corac also took a hit after it announced a first half loss of £3.84m, compared to a £2.35m loss the year before, but the firm said it was trading in line with expectations for the year with continuing good order book visibility for the balance of the year and going into 2013. Recruiter Work Group was another hitting a 52-week low after issuing a profit warning on Tuesday morning. "Prospects for the wider economy and the recruitment market remain uncertain which makes forecasting a challenge and we are finding that the conversion of our pipeline is taking longer and is more uncertain than has been the case previously," said Chairman Simon Howard. The firm expects to be profitable this year but not meet market expectations.MM

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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

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

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

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

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

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

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

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

1 Jun 2015 07:38

Corac Gets First Commercial Order Under Spirax-Sarco Agreement

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

22 May 2015 07:35

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CRA.L Share News (CRA)

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

Cradle Arc Slashes Guidance After Mowana Mine Suffers Breakdowns

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

New Ore Reserve Boosts Cradle Arc's Mowana Resource Estimate

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

Cradle Arc Appoints Investor Oscar Kirkovits Non-Executive Director

Cradle Arc Reports Rise In Mowana Mine Resource Estimate

Cradle Arc to boost copper output in Botswana from April

Corac secures first commercial offer for Spirax Sarco

Corac Gets First Commercial Order Under Spirax-Sarco Agreement

Corac to change name to TP Group

Corac To Change Name To TP Group From June 1

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

AGM, EGM Calendar - Week Ahead

AGM, EGM Calendar - Week Ahead

AGM, EGM Calendar - Week Ahead

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

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