CSRT.L Share News (CSRT)

Figures from telecoms and data services provider COLT Telecom were in line with expectations but the share price reaction has been negative. Pre-tax profit rose 32% in 2009 to €94.7m from €71.9m in 2008 in 2009. There was a 3% fall in revenue to €1.62bn, or a 1.3% decline on a constant currency basis, as increases in Data and Managed Services revenue were more than offset by weaker Voice revenue. There was net cash of €309.9m at the end of 2009. Andrew Darley of FinnCap is critical of COLT's failure to pay a dividend even though it is generating cash. He believes that COLT lacks attraction for investors while it is increasing its cash pile and not providing shareholders with a yield. The company's name will be changed from COLT Telecom Group SA to COLT Group SA. There was a positive reaction to Consort Medical's admission that it is in bid talks with AIM-quoted wound care company Advanced Medical Solutions. Medical devices and drug delivery products supplier Consort recently completed the takeover of AIM-quoted drug delivery technology developer Medical House. AMS appears to be a different area for Consort, but its wound care products are effectively medical devices and they can be used as a way of delivering drugs. FTSE TechMARK - RisersCML Microsystems (CML) 42.50p +7.59%AEA Technology (AAT) 24.50p +5.38%Misys (MSY) 225.70p +5.07%Phytopharm (PYM) 12.00p +4.17%RM Group (RM.) 177.00p +4.12%Torotrak (TRK) 23.75p +3.16%NCC Group (NCC) 383.00p +2.68%Consort Medical (CSRT) 362.50p +2.40%Innovation Group (TIG) 12.50p +2.04%ProStrakan (PSK) 102.00p +2.00%FTSE TechMARK - FallersPuricore (PURI) 11.25p -4.44%Psion (PON) 90.00p -4.26%Ark Therapeutics (AKT) 13.50p -3.57%COLT Telecom Group S.A. (COLT) 132.40p -3.36%Sinclair Pharma (SPH) 29.00p -3.33%Sepura (SEPU) 52.25p -3.24%Ricardo Group (RCDO) 274.00p -3.18%Domino Printing (DNO) 335.00p -2.90%Oxford Instruments (OXIG) 236.00p -2.48%Electronic Data Processing (EDP) 45.50p -2.20%