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Concur.tech ShareCast News (CNC)
ShareCast News for Concur.tech (CNC)
| Share Price: 52.00 | Bid: 51.00 | Ask: 53.00 | Change: 0.00 (0.00%) |  | ||||||
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Small caps: CNC, Ithaca, Paragon Diamonds...
Fri, 25th Mar 2011 17:51
Precision engineering specialist CNC Technology saw profits fell 17% last year to £2.32m, but the second half was much stronger. Sales fell 2% to £12.6m.
"Trading conditions in the defence sector remain strong and we continue driving some of our products into military equipment aimed at countering the threat of improvised explosive devices," CNC said, adding "We expect a significant increase in sales in the first half of the current year compared to the same period last year."
North Sea oil group Ithaca does not expects to pay additional tax from the Budget due to its $215m of tax losses. No taxes are likely to be payable for at least the next five years, Ithaca added.
Paragon Diamonds' second diamond sale comprised 1,594 carats sold at an average value of US$335/ct generating US$534,500. Larger stones are being retained in anticipation of higher future diamond prices, while 4 new special stones totalling 69 carats (of 30.5, 15.6, 11.5, 11.0 ct stones) were independently valued at US$200,000.
Weatherly subsidiary Ongopolo Mining has entered into an additional forward sales contract with Louis Dreyfus Commodities Metals. Weatherly now has contracted forward sales for a total of 3,375 tonnes of copper in three tranches at a weighted average price of US$9,560/t of copper. This represents approximately 34% of planned production up to September 2012.
"Trading conditions in the defence sector remain strong and we continue driving some of our products into military equipment aimed at countering the threat of improvised explosive devices," CNC said, adding "We expect a significant increase in sales in the first half of the current year compared to the same period last year."
North Sea oil group Ithaca does not expects to pay additional tax from the Budget due to its $215m of tax losses. No taxes are likely to be payable for at least the next five years, Ithaca added.
Paragon Diamonds' second diamond sale comprised 1,594 carats sold at an average value of US$335/ct generating US$534,500. Larger stones are being retained in anticipation of higher future diamond prices, while 4 new special stones totalling 69 carats (of 30.5, 15.6, 11.5, 11.0 ct stones) were independently valued at US$200,000.
Weatherly subsidiary Ongopolo Mining has entered into an additional forward sales contract with Louis Dreyfus Commodities Metals. Weatherly now has contracted forward sales for a total of 3,375 tonnes of copper in three tranches at a weighted average price of US$9,560/t of copper. This represents approximately 34% of planned production up to September 2012.
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Small caps: CNC, Ithaca, Paragon Diamonds...
Precision engineering specialist CNC Technology saw profits fell 17% last year to £2.32m, but the second half was much stronger. Sales fell 2% to £12.6m.[25 Mar '11]
London close: Footsie has 6,000 in its sights
Leading shares tended firmer throughout the afternoon session leaving the blue-chip index well placed to break through the 6,000 barrier tomorrow if it enjoys another day like today.[22 Dec '10]
Sector movers: Tech companies on the rise
London is doing well on Wednesday with just three sectors on the decline.[22 Dec '10]
London afternoon: Shares steady after strong run
The top share index is holding onto its gains, continuing to sit near 2½-year highs.[22 Dec '10]
London midday: FTSE 100 nears 6,000 points
The top share index is still in the blue by a few points sitting near levels not seen since the first half of 2008 and creeping ever closer to the 6,000 point mark.[22 Dec '10]
Full steam ahead at Concurrent
Computer products developer Concurrent Technologies said sales in the second half of the year are expected to 'materially exceed' sales in the first as the recovery in the telecommunications and industrial sectors gains momentum.[22 Dec '10]
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