HGM.L Share News (HGM)

Video surveillance technology company Quadnetics is settling down after a turbulent period marked by restructuring, and is expecting a strong second half after falling into the red at the interim stage.Loss before tax in the six months to 30 November 2009 was £0.19m, versus a profit the year before of £0.53m. Underlying profit, which excludes reorganisation costs and share-based payments, eased to £0.16m. Revenue retreated to £29.84m from £35.85m. The order book shrank to £22.1m from £26m at the end of November 2008 but the total pipeline of orders improved markedly to £52.5m from £30.6m the year before.The interim dividend has been maintained at 2.5p.Penny stock Angel Biotechnology fell to earth after the contract bio-manufacturing company said it had placed 570.2m shares at 0.25p per share to raise £1.42m. The funds from the placing will provide additional working capital and will finance capital expenditure at the company's Edinburgh facility.Shares in Dawson Holdings are down more than 20% after the newspaper distributor warned that full-year pre-tax profits will be 'significantly' below current market expectations.Highland Gold shone after the Russian gold miner said it exceeded its 2009 output target by 2.7%, producing 163,208 ounces of the yellow metal.Stagecoach Theatre Arts reported a drop in profits in the six month ended 30 November, reflecting a write-back of provision in the prior period. Profit before tax was £267,000 in the half year compared with £333,000 last time.