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Small caps round-up: OMG, Oakley, Noble...

Wed, 28th Apr 2010 11:24

Oxford Metrics Group (OMG) rallied Wednesday after the image technology company flagged half-year revenue of £14.4m and predicted a pre-tax profit ahead of the market's current forecast for the full year.The firm says it is in "robust financial health", which pleases Daniel Stewart. The broker points out it's exposed to trends in sectors like R&D, defence development and mapping, which are all showing signs of recovery, so buy.Oakley Capital Investments pushed ahead as traders welcomed a 31% increase in net asset value per share during 2009 to a better than expected 141p.The improvement was driven primarily by operational performance improvements in the portfolio companies of Oakley Capital Private Equity.AIM listed coin and stamp dealer Noble Investments lifted pre-tax profit for the six months ending 28 February by 9% to £1.08m on revenue 12% better at £7.1m.Noble hiked the dividend by 35% to 1.35p a share as managing director Ian Goldbart reported continuing strong demand for high quality rarities.Irish explorer Minco has given back some of its recent gains after announcing completion of 34 holes in the first quarter of 2010 on its Pallas Green zinc-lead joint venture in Co. Limerick. The shares succumbed to profit taking having almost doubled this month.Battery maker China Shoto reported a 117.1% jump in full-year pre-tax profit to £25.07m. "In 2010, the group will accelerate the development of its overseas distribution networks and strengthen its sales push into international markets to maintain its growth momentum whilst continuing to deliver value to our shareholders," said chairman Yang Shanji.Compressor technology specialist Corac reported a slightly higher pre-tax loss of £3.69m in the year ended 31 December from a loss of £3.48m despite revenue rising to £1.34m from £0.66m last time.Idea management software firm Imaginatik saw its share price fall to a 52-week low after it said revenue for the year is expected to be slightly lower than expected at £4.55m after contract negotiations on a project dragged on longer than expected.Operating loss before share option charges for the year to 31 March 2010 is expected to be £1.26m, compared to a loss of £0.13m the year before. Cash at the end of March stood at £1.51m, up from £1.14m a year earlier.The share price of gift wrap and greetings card maker International Greetings is looking a bit battered after the group said sales and profitability in the year to 31 March 2010 were in line with market expectations.Net debt by the end of March had been reduced by £19.7m from a year earlier to £48.8m.Invista Foundation Property Trust saw its net asset value (NAV) per share at the end of March 2010 advance to 52.4p from 49.5p at the end of 2009. The improvement follows a £15.1m (5.2%) like for like increase in the underlying value of the property portfolio. The real estate investment trust has announced an interim dividend of 0.88p for the first quarter of 2010.
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26 Feb 2019 14:36

Cradle Arc Shares To Be Cancelled In A Month As Adviser Resigns

LONDON (Alliance News) - Cradle Arc PLC on Tuesday said that its nominated adviser Strand Hanson Ltd resigned with immediate effect.Pursuant to AIM rules, the firm needs to appoint a within

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31 Jan 2019 11:24

Cradle Arc Appoints Administrators For Orderly Assets Realisation

LONDON (Alliance News) - Cradle Arc PLC on Thursday said it appointed Antony Batty and Hugh Jesseman of Antony Batty & Company LLP as joint administrators with immediate effect.The said

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3 Jan 2019 10:51

Cradle Arc's Roger Williams To Leave To Focus On Executive Role

LONDON (Alliance News) - Troubled miner Cradle Arc PLC on Thursday said Non-Executive Director Roger Williams will be leaving its board at the end of January.Williams, Cradle Arc said, is a

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6 Dec 2018 18:29

Cradle Arc Funding Falls Through; Suspends Shares And Seeks Advice (ALLISS)

LONDON (Alliance News) - Metals exploration firm Cradle Arc PLC suspended its shares from AIM trading on Thursday while it seeks insolvency advice and clarification of its financial conditional to

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19 Nov 2018 17:42

Cradle Arc Subsidiary Loan Extended, Equipment Breakdowns At Mowana

LONDON (Alliance News) - Cradle Arc PLC said Monday its subsidiary has been granted a USD4 million loan extension as equipment breakdowns continue at the Mowana copper mine in in base and precious

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2 Nov 2018 13:33

James Turnbull Joins Cradle Arc Board As Two Non-Execs Depart

LONDON (Alliance News) - Miner Cradle Arc PLC said Friday it has appointed James Turnbull to its board, as two other non-executive directors stepped down.Turnbull, a lawyer who has worked a

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31 Oct 2018 09:40

Cradle Arc Raises GBP396,000 To Fund Operations In Botswana (ALLISS)

LONDON (Alliance News) - Cradle Arc PLC said Wednesday it raised GBP396,000 in a discounted share placing to go towards work at a mine in Botswana.Shares in the Africa-focus base and metals

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15 Oct 2018 13:00

Cradle Arc Gets 2020 Licence Extension For Thakadu And Makala Deposits

LONDON (Alliance News) - Cradle Arc PLC on Monday said its mining licence covering the Thakadu and Makala deposits in Botswana has been extended until 2020.The Botswana Ministry of Mineral

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11 Oct 2018 10:55

Cradle Arc Issues 21.8 Million Shares Following Loan Note Conversion (ALLISS)

LONDON (Alliance News) - Cradle Arc PLC said on Thursday that a holder of company issued loan notes has elected to convert its notes into a total of 21.8 million shares through two million shares

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8 Oct 2018 13:38

Cradle Arc Shareholder Provides Loan To Develop Mowana Copper Mine

LONDON (Alliance News) - Cradle Arc PLC on Monday said Leboam Holdings (Pty) Ltd has obtained a loan of USD2.0 million to fix breakdowns and interruptions at the Mowana copper mine in Arc has a of

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4 Oct 2018 11:48

City Financial Drops Entire 13% Cradle Arc Stake After Deal (ALLISS)

LONDON (Alliance News) - Cradle Arc PLC on Thursday said City Financial Investment Company Ltd, acting as investment manager for City Financial Absolute Equity Fund, dropped its stake in the now

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28 Sep 2018 13:41

Cradle Arc Loss Expands; Seeks Funds To Improve Processing Facilities

LONDON (Alliance News) - Cradle Arc PLC said on Friday, in its maiden results since listing in January, that its interim loss widened as it looks to raise funds to improve its current processing a

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25 Sep 2018 10:13

Cradle Arc Shares Plunge As Mowana Production Forecasts Lowered

LONDON (Alliance News) - Shares dropped in Cradle Arc PLC on Tuesday as it reduced its production forecast for the third quarter of 2018, and placed its target for the second half of 2018 under to

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14 Sep 2018 09:56

Cradle Arc Secures Renewals For Botswana Copper Licences

LONDON (Alliance News) - Cradle Arc PLC said Friday it has been granted two-year renewals for its prospecting licences located north of the company's flagship Mowana Copper Mine in company was

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5 Sep 2018 13:32

Cradle Arc Non-Exec Chairman Toby Howell Departs, Pitchford Replaces

LONDON (Alliance News) - Cradle Arc PLC on Wednesday said Roy Pitchford will replace an outgoing Non-Executive Chairman Toby Howell, who stepped down immediately to pursue his other business the a

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