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Small caps round-up: Advanced Power, Rockhopper, Omega Insurance...

Fri, 22nd May 2009 09:09

Electronic components group Advanced Power Components (APC) announces the appointment of David Brown as interim finance director, replacing Rod Muir, with immediate effect.The group said it is at an early stage in the process of recruiting a new permanent finance director and a further announcement will be made in due course.North Falkland Basin oil company Rockhopper Exploration has reclassified a previous exploration well, 14/5-1A, drilled by Shell in 1998, as a gas discovery.Named the Johnson structure, the discovery lies in approximately 500m of water in licence PL032, and is now classified as a contingent resource.Irish-based energy group Kedco has raised €0.3m to develop identified opportunities for joint ventures."We are pleased with our continuing ability to raise funds in the current economic environment from an investor base which understands our business model and shares our ambition," said chief executive Donal Buckley."These new funds will be used as capital for the next phase of our development programme," he added.Underwriter Omega Insurance said rate hardening will be more prolonged than past market adjustments, particularly due to the relatively limited amounts of fresh capital available, and will last into 2010. DDD, a supplier of 3-D software for hi-tech TVs, saw losses widen despite sharply revenues in the year to December 31.Losses widened to £1.44m from £1.2m, even as high demand for its products from electrical giants such as Samsung lifted revenue to £592,000 from £327,000.Vantis, the accounting, tax and business recovery group, said full year results are expected to be in line with market expectations.Business communications group AT Communications Scott Kean who has been acting chief executive since 24th March 2009, has now been given the permanent role with immediate effect.Shareholders in drug developer SkyePharma received a pick-me-up after the company said that its new drug application for its lead development product, Flutiform, has been accepted for review by the US Food and Drug Administration.As a result, an amount of $2m us due to SkyePharma, from which the filing fee of $1.2m will be deducted. DDD, a supplier of 3-D software for hi-tech TVs, saw losses widen despite sharply revenues in the year to December 31.Losses widened to £1.44m from £1.2m, even as high demand for its products from electrical giants such as Samsung lifted revenue to £592,000 from £327,000.Zimbabwe focused investment company LonZim is backing a new company which will import, wholesale and distribute pharmaceutical products in Zimbabwe. LonZim will invest US$2.346m in the venture.
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16 Jul 2014 15:27

AdEPT boss trims stake with £0.35m share sale

The boss of telecoms group AdEPT offloaded nearly £0.35m of stock on Wednesday, just a week after the company reported better-than-expected annual results. Ian Fishwick, AdEPT's Chief Executive Officer who founded the company in 2003, sold 290,000 shares at 120p a piece. The firm explained that th

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16 Jul 2014 09:34

DIRECTOR DEALINGS: Atlantic Coal MD Transfers 74 Million Shares

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7 Jul 2014 08:31

Atlantic Coal Increases Production, Sales Volumes In Second Quarter

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5 Jun 2014 16:06

Atlantic Coal Loss Narrows, But Cash Pile Also Dwindles

LONDON (Alliance News) - Atlantic Coal PLC Thursday said its pretax loss narrowed in its last financial year, as lower costs in some areas of the business more than offset pressure on anthracite prices. However, its cash pile is dwindling. Atlantic Coal said its cash at bank fell to USD877,

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29 Apr 2014 13:15

UK MIDDAY BRIEFING: BP Profit Down, But Payout Up Again

LONDON (Alliance News) - BP Tuesday said its pretax profit fell 73% in the first quarter, due to lower revenues and after last year's result was buoyed by the sale of its stake in TNK-BP, but it raised its quarterly dividend for the second time in six months and said further s

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29 Apr 2014 11:09

UK WINNERS & LOSERS: Experian Up And Intertek Down As CFO Switches

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
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FTSE 100 - WINNERS
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Shire, up 3.6%. The pharmaceutical company is the leading riser in the blue-c

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29 Apr 2014 09:40

Atlantic Coal Production Rates Hit By Pennsylvania's Cold Weather

LONDON (Alliance News) - Atlantic Coal PLC Tuesday said its production rates and coal sales volumes fell in its first quarter due to weather constraints in North America during the period. The coal miner said its clean coal production fell 14% to 35,757 tonnes in the three months ended Marc

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28 Feb 2014 10:06

Atlantic Coal Hopes To Boost Mine Output With Machinery Order

LONDON (Alliance News) - Coal miner Atlantic Coal PLC Friday said it has ordered new heavy trucks and bulldozers, purchases it hopes will further increase output at its Stockton Colliery in Pennsylvania. In a statement, the company said it has ordered six Komatsu Model HD785-7 100 ton haul

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20 Jan 2014 09:00

Atlantic Coal Says Production Grew By 45% In Fourth Quarter

LONDON (Alliance News) - Atlantic Coal PLC Monday said it has achieved higher sales volumes for the full year, following a 45% production increase in its fourth quarter. The AIM-listed anthracite coal mining company, with operations in Pennsylvania, said its production for the three months

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7 Jan 2014 16:24

Atlantic Coal directors stock up

Peter Chinneck, a Non-Executive Director of Atlantic Coal, has acquired five million shares in the coal production and processing company. Chinneck spend 0.24p a piece, giving a total trade value of £12,000. He now holds a total of 218m shares, equal to a stake of around 4.68%. Meanwhile, the wi

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17 Dec 2013 16:16

Iofina Chairman shows confidence after profit warning

Proving his confidence in the business on the day it published a profit warning, Iofina Chairman Chris Fay splashed the cash in two separate share purchases. Fay first bought £50,000 worth at 101p in the morning after the shares plummeted from Monday's 132.25p closing price. Later in the day he f

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14 Nov 2013 13:15

Atlantic Coal jumps on China offtake joint venture

AIM-listed miner Atlantic Coal impressed with the signing of a joint venture with a China-based company that will buy at least 100,000 tonnes of its coal per year. China-based CIC Brancepeth Coal, which was founded and is currently managed by AIM-listed CIC Capital, also wants US-focused Atlantic t

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14 Nov 2013 12:16

UK WINNERS & LOSERS: Ophir Energy Leads Gainers On Sale; Serco Woes Continue

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14 Nov 2013 11:02

Atlantic Coal Lifted By Coal Sale Agreement Into China

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