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UK SMALLCAP ROUNDUP: Thor Mining Gold Boost At Dundas Project

Mon, 05th Jul 2010 09:30

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps THOR MINING PLC (THR.LN) Monday said it has found the greatest concentration of high gold values to date from exploration work at its Dundas gold project in Western Australia. The minerals exploration company, which last month raised GBP2.7 million to fund the exploration and evaluation of its Dundas Project, said the full survey results show clusters of elevated gold values. At 0745 GMT, shares +16.7%, or 0.25 pence, at 1 pence. ELEKTRON PLC (EKT.LN), an electronic equipment distributor, Monday said its first-alf pretax profit is expected to "significantly" exceed its management's original expectations, with the company confident it can also outperform over the full-year. At 0745 GMT, shares +2 pence, or 10%, at 22 pence. ST. MODWEN PROPERTIES PLC (SMP.LN), a property investor and developer, Monday began paying dividends again after a "significant improvement" in trading in the first half lead to a 6.8% increase in its net asset value and a swing back to profit. The company said investor appetite for real estate has gradually returned since the beginning of the year and has reversed some of the decline in property valuations of the downturn. At 0745 GMT, shares flat at 172 pence. DODS (GROUP)PLC (DODS.LN), a business media and events group, Monday said it has received approaches from a number of third parties which could lead to an offer for the company. Dods, which was previously known as Huveaux and specializes in political publications like Dod's Constituency Guide, The Parliament Magazine and Dod's Civil Service Companion, said there is no certainty at this stage that any offer will be made. At 0745 GMT, shares +1 pence, or 12%, at 12 pence. CHINA FOOD CO. PLC (CFC.LN), a cooking and dipping sauces maker, has secured and fully drawn down a 30 million yuan ($4.4 million) bank facility, which it said will enable it to scale up production and fill more silos at its new factory in Shou Guang City. At 0745 GMT, shares +4 pence, or 9.7%, at 40 pence. XP POWER LTD. (XPP.LN) Monday said second-quarter revenue increased 35% on the year and said it expects revenue growth to accelerate in the second half as existing programs ramp up and new customer programs begin production. At 0745 GMT, shares +32 pence, or 5.5%, at 610 pence. GB GROUP PLC (GBG.LN), a U.K. identity verification and maintenance company, plans to move to London's junior Alternative Investment Market from the main market, saying the move would give it more flexibility to make acquisitions. GB said this would also lead to lower transaction costs and simpler administration for a company of GB's size. At 0745 GMT, shares flat at 26 pence. LAURA ASHLEY HOLDINGS PLC (ALY.LN), a fashion and home furnishings retailer, Monday said its Laura Ashley Ltd. subsidiary has agreed a deal to sell and then lease back a property in Leicestershire, U.K., at a GBP4 million profit. At 0745 GMT, shares 2 pence, or 12%, at 14 pence. DJ UK Smaller Cos -0.16% AIM -0.21% By Hannah Benjamin & Rachael Gormley, Dow Jones Newswires; +44 (0) 20 7842 9298; uksmallcaps@dowjones.com Order free Annual Report for St. Modwen Properties plc Visit http://djnweurope.ar.wilink.com/?ticker=GB0007291015 or call +44 (0)208 391 6028 Order free Annual Report for XP Power Limited Visit http://djnweurope.ar.wilink.com/?ticker=SG9999003735 or call +44 (0)208 391 6028 (END) Dow Jones Newswires July 05, 2010 04:30 ET (08:30 GMT)
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