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Small caps round-up: Acal, Avation, Lonrho...

Thu, 03rd Feb 2011 11:00

European technology group Acal's like-for-like sales have increased by 17% since September, driven by strong growth in its core electronics division. "Assuming no deterioration from current levels, we expect full year results to be ahead of our previous expectations," the group said.Profits at aircraft leasing company Avation, which joined the Main Market of the LSE, jumped from £1.53m to £2.79m for six months ended 31 December. The numbers were "in line with an expansion of the scale of the group's operations," according to chairman Jeff Chatfield. The recent tie-up between Skywest Airlines (Australia) and Virgin Blue- to provide up to 18 new aircraft - could be earnings accretive before the year end, he added.Africa-based investment group Lonrho, whose shares have risen over 60% since October - delivered 21% revenue growth in its first quarter at £27.6m, from £22.8m the prior year. A strong performance in its agricultural production and processing logistics division lifted sales. Group gross profits rose by 32% to £6.8m. African Aura has received encouraging results from its reconnaissance drilling at its Ndablama gold prospect in western Liberia. Results from first 8 holes reported include 8m at 6.04 g/t and 16m at 2.38 g/t. Further trench results included 79m at 2.16 g/t. Soil sampling results have extended the gold anomaly to over 2km long."We are very encouraged by these early stage drilling and trenching results from the Ndablama gold prospect. This promising gold target is located approximately 40 kilometres North East of our 1.51Moz New Liberty gold project and demonstrates similar geology," Luis da Silva, President and CEO of African Aura commented. Bahamas Petroleum has completed the acquisition of 2D seismic in its southern licences, which confirmed the presence of multiple prospects. The company will engage an independent firm to define the full scope of the seismic analysis, define and hi-grade drillable prospects and assign resource estimates. Modern Water has acquired Cogent Environmental Limited from the private equity investor, Sultan Scientific Limited. Cogent Environmental is a global provider of state-of-the-art environmental and process monitoring products for monitoring heavy metals in over 20 countries. The consideration is £415,000 in cash, plus 642,571 ordinary shares.Oil explorer San Leon has received approval from the Albanian Government for the Durresi Block Licence Petroleum Complimentary Agreement for San Leon and its partner, Beach Energy Limited. San Leon, through a subsidiary, holds a 75% interest in the block and is the operator. Beach Energy holds the remaining 25% interest. The Durresi Block, offshore Albania, is situated along the highly prospective Apulian Margin. San Leon will focus on acquiring 3D seismic data over the next two months.
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15 Mar 2019 09:19

Bahamas Petroleum Raises USD2.5 Million in Share Placing (ALLISS)

LONDON (Alliance News) - Bahamas Petroleum Co PLC on Friday said it raised USD2.5 million in a share placing to assist the firm's operations until it secures a farm-in partner.The 120.0

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28 Feb 2019 13:30

Bahamas Petroleum Confirms Continued Talks For Farm-In Partners

LONDON (Alliance News) - Shares in Bahamas Petroleum Co PLC rose Thursday as it remains in talks with "a number" of possible farm-in partners.The stock was at 2.47 pence a share

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22 Feb 2019 10:35

WINNERS & LOSERS SUMMARY: Dairy Crest In Demand As Saputo Swoops

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 250 - WINNERS----------Dairy up in

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22 Feb 2019 08:56

Bahamas Petroleum Exploration Licence Extended To End Of 2020

LONDON (Alliance News) - Bahamas Petroleum Co PLC shares spiked Friday as the oil and gas explorer has received notification from the government of the Bahamas its exploration period has been to a

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27 Sep 2018 14:30

Bahamas Petroleum Narrows Interim Loss On Reduced CEO Remuneration

LONDON (Alliance News) - Bahamas Petroleum Co PLC reported on Thursday a narrowed interim loss after a "substantial" change to the chief executive officer's remuneration the six the

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6 Sep 2018 16:00

UK Shareholder Meetings Calendar - Next 7 Days

Friday 7 SeptemberGreene KingSchroder Real Estate Investment Trust Monday 10 Company 11 12

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24 Aug 2018 10:39

WINNERS & LOSERS SUMMARY: Shire Rises As US FDA Approves Takhzyro Drug

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - up 2.6%. The Irish pharmaceutical company said a

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24 Aug 2018 09:15

Bahamas Petroleum Shares Drop 69% As Major Oil Company Ends Agreement

LONDON (Alliance News) - Oil and gas explorer Bahamas Petroleum Company PLC said Friday its exclusivity agreement with a major international oil company will terminate at the end of the in the 69%

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24 Aug 2018 08:41

Unnamed oil major ending exclusivity deal with Bahamas Petroleum

(Sharecast News) - Oil and gas exploration company Bahamas Petroleum told shareholders on Friday that it has received notice from the major international oil company that it entered into an exclusivity agreement with on 1 May that it would not further extend the exclusive nature of negotiations beyond 31 August.

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24 Aug 2018 08:38

LONDON MARKET OPEN: Stocks Mixed, Shire Rises After Drug Approval

LONDON (Alliance News) - Stock prices in London were mixed early Friday, as markets await US Federal Reserve Chair Jerome Powell's speech in Wyoming later in the day. In the large cap index rose

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6 Aug 2018 14:47

Bahamas Petroleum CEO package slashed in cost-cutting exercise

(Sharecast News) - Oil and gas exploration firm, Bahamas Petroleum Company, announced a number of permanent changes to the contract of its chief executive officer on Monday, which it said "significantly reduces" the basic salary, wrote off accrued cash payments, and ended the accrual of conditional share entitlements, while at the same time continuing to align management and shareholder interests.

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6 Aug 2018 12:11

Bahamas Petroleum Reduces CEO Pay As It Seeks Funding For Well

LONDON (Alliance News) - Bahamas Petroleum Co PLC said Monday it has amended its chief executive's contract terms, include a salary reduction, to reduce its cash costs.Bahamas said that

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26 Jul 2018 13:54

Bahamas Petroleum Extends Exclusivity Agreement For One Month

LONDON (Alliance News) - Bahamas Petroleum Company PLC on Thursday said an unnamed buyer intends to extend the confidentiality & exclusivity contract for a potential deal in the in May, the an

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20 Jul 2018 10:10

Bahamas Petroleum Issues 2.6 Million Shares After Warrants Exercise (ALLISS)

LONDON (Alliance News) - Bahamas Petroleum Co PLC on Friday said it issued 2.6 million shares following the exercise of share warrants granted in conjunction with a recent placing.Back in a

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13 Jun 2018 11:54

Bahamas Petroleum Narrows Loss As Higher Oil Prices Boosts Confidence

LONDON (Alliance News) - Bahamas Petroleum Co PLC said Wednesday its 2017 annual loss narrowed year-on-year as increased oil prices led to a "more buoyant commercial Petroleum shares were at

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