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Small caps: Cluff, Ocean Power, Falkland...

Thu, 09th Sep 2010 14:48

Cluff Gold's production is now above estimates at the half year with cash costs continuing to fall compared to 2009. "Kalsaka has achieved its best operating performance to date, whilst the new crushing facility now being commissioned at Angovia is expected to have a significant effect on the production profile in the second half of the year. We are confident that we will remain on track to meet our estimated production target of 100,000oz of gold in 2010," chairman Algy Cluff said.First half old production totalled 52,109oz, an increase of 56% over H1 2009 as ramp-up and optimisation continue at both Kalsaka and Angovia. Average realised gold price in the period of was $1,149/oz.Ocean Power's revenue grew by 5% to $1.4m for the quarter ended July 31, 2010, compared to $1.3m for the quarter ended July 31, 2009. "We have made a good start to this fiscal year with an increase in contract order backlog and continued progress on our utility and autonomous PowerBuoy projects in the US and UK, and a strengthening of our management team," said Charles F Dunleavy, chief executive.Falkland Island has traded in line with management's expectations with satisfactory performances at each of the operating businesses despite challenging trading conditions. "At the Falkland Islands Company, the disappointing illex squid catches in April and May 2010 resulted in a quiet start to the year. However, oil exploration has boosted activity on the islands, especially in the retail sector. Benefiting from the expanded West Store, year to date retail sales are up 24% on the comparable period last year. However, automotive sales have remained subdued and profits from property sales are currently behind last year," its statement said. Regal Petroleum is plugging and abandoning its exploration well E-1 Sagna in Romania. Despite encouraging gas shows noted during drilling, no gas inflow was established. With the completion of this operation, the company said it has fully discharged its obligations with respect to the Barlad concession in Romania and a strategic review of its Romanian assets is underway.
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25 Nov 2013 07:59

AIM IN BRIEF: UBC Media Confirms Agreement To Acquire 7digital

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4 Oct 2013 11:42

DIRECTOR DEALINGS: Falkland Islands Director's Holding Shares Reduced As His Children Turn 18

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24 Sep 2013 12:42

DIRECTOR DEALINGS: Falkland Island Holdings Non-Executive Director Buys shares

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20 Aug 2013 08:26

Tuesday broker round-up UPDATE

AMEC: Liberum Capital cuts target price from 1135p to 1120p and reiterates a hold recommendation. BAE Systems: Investec increases target price from 370p to 450p upgrading from hold to add. Bovis Homes Group: Deutsche Bank shifts target price from 900p to 901p and keeps a buy recommendation. Citi r

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10 Jun 2013 10:35

Ice Age Art helps drive revenue rise at Falkland Islands

Group revenue rose 4.4 per cent to 35.6m pounds at AIM-listed international services group Falkland Islands in the year ended March 31st, underpinned in part by strong activity in the group's art-focussed business division. In its final results for the year, the group - which owns essential service

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17 Apr 2013 10:32

STOCKS NEWS EUROPE-UK small caps off 0.2 pct at mid-session

UK small caps fall 0.2 percent, faring slightly better than their mid-cap and blue-chip counterparts, both off 0.5 percent. Shares in JD Sport Fashion fall 4.3 percent as the British retailer post a 20 percent fall in full-year profit, hit by operating losses from its Blacks Leisure acquis

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17 Apr 2013 10:23

Falkland Islands Holdings to report fall in annual profits

Falkland Islands Holdings, a British conglomerate which owns logistics, warehouses and retail outlets on the islands, expects to report a fall in annual profits. The company anticipates pre-tax profit of £3.0m for the year to March 31st 2013, compared to £3.2m a year earlier. The group said tradin

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17 Apr 2013 07:20

Wednesday broker round-up UPDATE

African Barrick Gold: Deutsche Bank cuts target price from 230p to 173p, while its hold recommendation is reiterated. Ashmore Group: Morgan Stanley raises target price from 395p to 444p and maintains an equal-weight rating. Ashtead Group: Jefferies increases target price from 615p to 690o and reit

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10 Dec 2012 16:25

Chamberlin Chairman invests 75k

Castings and engineering group Chamberlin announced on Monday that its Chairman has topped up his stake in the company twice over the couple of weeks. Keith Butler-Wheelhouse acquired a total of 44,500 Chamberlin ordinary shares through his family trust, BW Family Limited (BWFL), representing 0.56%

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6 Dec 2012 14:07

Falkland Islands Holdings rises on oil hopes

Falkland Islands Holdings has risen despite producing uninspiring interims, with both revenues and profits virtually flat year-on-year. For the six months ended September 30th revenues were virtually unchanged at £16.5m, with pre-tax profits marginally up at £1.08m (2011: £0.99m). Divisionally, F

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6 Jul 2012 15:59

ReThink Group CFO buys 1.4m shares

Steve Wright, the Chief Financial Officer of ReThink Group, has purchased more than 1.4m shares in the recruitment and technology services firm. Wright purchased the shares at 7.00p each and for a total of £100,000. The company's share price has fallen over 25% in the last year, equal to 2.62p.

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14 Jun 2012 13:13

Falkland Islands Holdings raises funds

Falkland Islands Holdings, the AIM quoted international services group, has raised eight million pounds following a subscription for shares by Blackfish Capital, an investment fund. In addition, the company is making an open offer under which the company's existing shareholder can buy one open offe

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6 Jun 2012 12:56

Profits rise at Falkland Islands but growth expected to slow

Falkland Islands, an international services group, offset news of a rise in both revenue and profits with warnings of a slowdown in growth. Underlying pre-tax profits for the year rose 18.7% from £2.73m to £3.24m, slightly higher than expectations of £3.0m, despite higher financing costs this tim

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4 Apr 2012 08:50

Falkland Islands Holdings on a high

Shares in Falkland Islands Holdings were up on Wednesday after the firm said trading for the year was ahead of market expectations. The AIM-traded group which, amongst other things, operates a ferry service across the mouth of Portsmouth harbour, expects its total dividend payment to be at least 10

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13 Jan 2012 10:04

Falkland Oil slides after discounted placing

Falkland Oil and Gas (FOGL), one of the firms hoping to discover substantial oil resources around the Falkland Islands, saw its share price sink after placing shares at a steep discount. The company has raised £48.5m through the placing of 112.8m shares at 43p per share, more than 7p below the mid-

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