Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLeed Resources Share News (LDP)

  • There is currently no data for LDP

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Small cap news: Volvere, Leed Petroleum, Customvis...

Tue, 12th May 2009 12:06

Turnaround investment company Volvere traded at its highest in over a year today after posting a profit of £509,000 in 2008 versus a loss of £364,000 a year earlier.Revenue jumped to £7.3m from £3.8m in 2007, helped by last September's £1.3m acquisition of Interactive Prospect Targeting.Gulf of Mexico-focused Leed Petroleum, which received a letter of interest Friday, has been unable to contact the potential bidder, so has no idea if, or when, an offer may be made.It said last week that a rival listed on the New York Stock Exchange was interested in buying a stake "on the preliminary basis of a range of $0.25 to $0.38 per share." In a separate statement, it said it has been awarded the Eugene Island 133 and Ship Shoal 197 leases after bids of $350,567 and $575,456 were accepted last week.Customvis, the maker of lasers for corrective eye surgery, says a request for a general meeting by rebel investor Simon Gordon has been incorrectly filed.Gordon, along with Mukesh Jain, who resigned as chief operating officer and marketing director last September, and former chairman William Colvin, want to remove current chairman Simon Carroll and boss Paul van Saarloos.Gordon, Hugh Grant and Christopher Bell would become directors of the company. A valid request is expected to be submitted shortly.Investment company MG Capital has written to shareholders to propose cancelling its AIM listing.Tenon Financial Services has formed a partnership with US firm SEI to provide end-to-end wealth processing via a single, integrated system.Molecular diagnostics company Osmetech has been chosen as the principal supplier of Warfarin Sensitivity tests in a clinical trial sponsored by the US National Heart, Lung and Blood Institute (NHLBI).Osmetech's Warfarin Sensitivity Tests and eSensor XT-8 molecular diagnostics instrument platform for ten of the twelve sites identified to run the trial, which will run for up to six months. Miniweb, the company which provides Internet style interactivity via the TV, is to integrate blinkx technology into its online services platform.The inclusion of video search engine specialist blinkx's technology will enable users to search and discover broadcast television and internet video from multiple sources on blinkx's index of 35 million hours of video content using Miniweb-enabled, broadband-connected devices.Shares in Roxi Petroleum rose after the oil explorer and developer announced the successful test of two wells in Kazakhstan.Shares in communications firm SpiriTel fell after it said results for the year ended 30 April 2009 is expected to be marginally below expectations. Microcap revealed that it is in negotiations with certain parties with respect to an equity investment after its shares surged. Energy firm Kedco on the other hand said it knew of no reason behind its share price surge yesterday. But it did say it was recently informed by one of its potential partners that requisite planning approval had been received in respect of the installation of gasification technology on the relevant site. "This planning permission is in respect of one of Kedco's most advanced projects; however shareholders should note that the Company is still in the process of negotiating commercial terms with the potential partner. The Company will make a further announcement when these reach a conclusion," it said.
More News
27 Jan 2010 13:07

Small caps round-up: Alecto Energy, Stratex International, Leed Petroleum

Former cleantech company Alecto Energy has an exclusivity period to assess Bulgarian uranium exploration licences. AIM-quoted Alecto will provide Bulgarian Mining Corporation with a £45,000 working capital loan as part of the agreement. BMC is also receiving 30m shares at a nominal price of 0.3p eac

Read more
2 Nov 2009 08:18

Small caps round-up: Quintain, Leed Petroleum, Solomon Gold...

Quintain Estates is weaker Monday after the property developer confirmed it is considering an equity issue, thought to be about worth about £180m. It said no formal decision has been made and a further announcement will be made when appropriate. Oil and gas explorer Leed Petroleum has completed wi

Read more
23 Jul 2009 09:27

Small caps round-up: Mount Engineering, Oxeco, Renew...

Mount Engineering said it is satisfied with its progress in the first six months of the year and expects results to be in line with the prior year first half. "Whilst current market visibility remains unpredictable, effective margin management and overhead cost control is maintaining profitabilit

Read more
11 Jun 2009 15:02

Small caps round-up: Maple Energy, Braemore Resources, Leed Petroleum...

Peru-focused Maple Energy's net loss for 2008 widened to $7.1m from $2m the year before, largely due to $3.9m of administrative costs and a loss on the Aguaytia investment. But chairman Jack Hanks reported an 18% increase in revenue to $95.3m and said Maple is "on the cusp of company-changing resul

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.