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Small caps round-up: Sepura, ReNeuron, Angel Bio ...

Wed, 16th May 2012 15:18

Sepura, the developer and supplier of TETRA digital radios, has acquired 3T Communications, a supplier of TETRA infrastructure, for an initial cash consideration of 8m euros. The final price could increase by up to 5m euros, depending on 3T's trading performance. Austrian firm 3T designs and implements small to mid size TETRA systems predominantly for the commercial sector, including enterprise customers such as Shell, RWE, Bayer and BMW. The acquisition is expected to be earnings enhancing to Sepura for the current financial year and beyond.Electrical component supplier e2v technologies has agreed the sale of its non-core businesses, for a total cash consideration of £14.7m, to a newly formed company, SGX Sensortech, backed by Baird Capital Partners. The non-core businesses comprise: e2v Scientific Instruments, based in High Wycombe; the industrial gas sensing business based at e2v's Chelmsford facility; and e2v micro-sensors SA based in Neuchetel Switzerland. They provide a range of professional sensing products for x-ray spectroscopy and gas sensing for automotive and environmental safety applications.ReNeuron, the Surrey based stem cell developer, has signed a cell manufacturing contract with Angel Biotechnology, a bio-pharmaceutical contract manufacturer, to perform drug product manufacturing services as part of the PISCES Phase I clinical trial of ReNeuron's ReN001 stem cell therapy for stroke victims. The remaining dose cohorts in the current study are expected to complete treatment within the next twelve months, and the company maintains its belief that the study will be ready for application for phase two during the course of next year.Arden Partners, an institutional stockbroking company, has revealed that trading during the six months ended April 30th has been better than anticipated with revenues and profitability ahead of budget. Since the year end the company has increased the number of brokerships to 34 and this number is expected to grow in the medium term. The average market capitalisation of its clients is now £195m. Performance in the second half of the year will depend on market conditions, which given the situation in Europe dictates a need for some caution, the firm warned. The company intends to return to the dividend list from the interim period. Yell, a digital services provider, has acquired Moonfruit, the UK's leading DIY website and online shop builder, for £18m, a part of its programme of creating a local eMarketplace. The firm was purchased using Yell's existing cash reserves. Retention bonuses of as much as £5.2m will be paid to key Moonfruit management after two years, provided that they remain exclusively employed by Yell. In a statement Yell said: "The deal is a significant move in Yell's ongoing transformation from its established position in providing print and online advertising for small and medium-sized enterprises (SMEs) to become a leader in the emerging local eMarketplace." Source BioScience, a diagnostics and genetic analysis business, has enjoyed a period of sustained growth and development during the first three months of 2012. Revenue saw a double digit percentage increase compared with the same period last year, boosted by significant progression of LifeSciences' DNA sequencing services and Healthcare's cervical cancer screening business. Trading was in line with management expectations and the group remains in a robust financial position with £1.7m of cash at the end of March 2012 (31 December 2011: £1.1m).NR
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18 Feb 2014 11:14

DIRECTOR DEALINGS: Arden Partners Deputy Chairman Sells 25,000 Shares

LONDON (Alliance News) - Arden Partners PLC Tuesday said Deputy Chairman Jonathan Keeling sold 25,000 shares at a price of 95 pence per share Monday. Following this transaction, Keeling holds 2.5 million shares, which represents 11.20% stake in the firm. Shares in the stock brokerage

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14 Jan 2014 11:45

Arden Partners Profit Up; Corporate Finance Makes Up Equities Unit Decline

LONDON (Alliance News) - Arden Partners PLC Tuesday said its pretax profit rose sharply in its last financial year, buoyed by the GBP238 million it raised for clients and the eleven corporate transactions it carried out. The institutional stockbroker said it made a GBP1.3 million pretax pro

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1 Nov 2013 16:08

Advanced Computer Software Chairman trades in 1m shares

The Chairman of Advanced Computer Software this week sliced off 870,380 pounds-worth of shares from his stake, reducing it to 2.42m, the group announced after the close on Thursday. Michael Jackson disposed of exactly 1m shares in the healthcare and business management software, and said he made t

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1 Nov 2013 13:10

DIRECTOR DEALINGS: Arden Deputy Chairman Buys 25,000 Shares

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28 Oct 2013 17:53

Longreach Oil And Gas Limited To Begin Listing On AIM On November 11

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1 May 2013 15:59

Carphone Warehouse heads partake in placing to fund acquisition

The Chairman, Chief Executive, and Chief Financial Officer (CFO) of mobile phones retailer Carphone Warehouse have all purchased shares as part of a placing, the proceeds of which are being used in part to fund the proposed acquisition of the remaining 50 per cent stake in CPW Europe. Sir Charles

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5 Nov 2012 16:47

Telecity chief shows faith in the company

Telecity's Chief Executive Officer has bought shares in the company in a bid to show his confidence in the company's new Finnish acquisition, which on Monday proved decidedly unpopular, with shares dropping almost nine per cent. Michael Tobin made the modest purchase of 2,000 at 843.60p. The £16,8

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20 Jul 2012 16:20

Arden Partners COO buys shares after disappointing results

Steve Wassell, the Chief Operating Officer of stockbroker Arden Partners, purchased 195,000 in the stockbroker through his self-invested personal pension on Thursday. Wassell bought the shares at 43.50p each for a total of £84,825, increasing his stake in the company to 373,743 shares, equal to aro

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21 Dec 2011 08:18

Arden Partners moves into pre-tax profit

Stockbroker Arden Partners reported a pre-tax profit compared to a loss a year earlier despite challenging market conditions. Profit before tax came in at £0.6m for the year ended 31 October 2011 from a loss of £0.5m a year earlier. Revenue fell to £12.4m from £13m previously. Underlying profit be

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15 Jun 2011 06:31

Wednesday tips round-up: Oxford Instruments, UK Coal, ENRC

Analysts have been known to complain mildly about the slow progress of Oxford Instruments in finding promised acquisitions. The maker of high-tech analytical devices announced two yesterday, and the slow pace seems understandable. Such acquisitions are tricky, being more about providing a sympatheti

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17 May 2011 14:42

Arden expects profits to be well ahead

Shares in Arden Partners were given a boost after the stockbroker reported a strong first half performance from both its core UK business and Indian franchise. The company said that if it continues to trade at current levels - "and assuming the pipeline can be delivered" - it expects full-year pre-

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18 Jan 2011 15:04

Arden boosted by late corporate deals

AIM-quoted broker Arden Partners reported a loss in the year to October 2010 but it is still making an underlying profit. A couple of significant fundraisings late in the period helped to grow corporate finance revenues but secondary share trading income fell by 29%. Overall revenues were flat a

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12 Nov 2010 16:49

BG boss raises more than £1m

BG Group chief executive Frank Chapman has raised more than £1m by selling shares in the oil and gas explorer and producer. Chapman sold 85,000 shares at £12.80 each, which leaves him with 1.91m shares in BG, which was spun out of British Gas in 1997. Chapman has been chief executive for 10 year

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2 Nov 2010 14:25

Small caps round-up: Software Radio, Providence, Arden...

Software Radio Technology, the developer and supplier of maritime identification and tracking technologies, returned to the black at the halfway point as turnover virtually doubled. Profit before tax in the six months to 30 September was £1.1m on turnover of £4.42m, compared to a loss of £0.20m las

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