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Small caps: Paddy Power, Avis Europe, Plexus...

Tue, 18th May 2010 14:04

Irish bookie Paddy Power says 2010 has seen very strong revenue performance in online (total gross win (ex Australia) +32%) and good bet volume growth across all channels. "Following a run of adverse sporting results in 2009 the group's sportsbook gross win percentages have returned to normal expectations in the year to date," it added.Hire car group Avis reports a good start to the year despite the disruptions to travel due to adverse weather conditions and the volcanic ash cloud in April. Given the disruptions, billed days, our measure of volumes, are encouragingly currently only slightly lower than prior year, it added, with a good performance in the UK, France and Germany.Investment firm Evolution Group said total income and operating profitability are ahead of the comparative period in 2009 despite some "extremely" challenging market conditions experienced in the year to date."The recent financial market turbulence is a reminder of how the short term uncertainties stemming from the ongoing unwinding of the global structural imbalances may continue to provide challenging trading conditions for some time. The group is confident, however, that its growth plans remain on track," it said.The slanging match between Pyrrho and bit target Liberty, the luxury goods retailer, continues. Pyrrho denies its offer for Liberty was "highly conditional" and said it was never told a higher offer existed. Liberty said yesterday that Pyrrho "had ample opportunity" to increase its proposed 185p a share offer but refused to do so on an unconditional basis. It has since received an offer from Pyrrho that is at "a higher aggregate price" than BlueGem's 186p a share. Plexus Holdings has reached agreement with Senergy, a leading worldwide energy operator, to supply its proprietary POS-GRIP wellhead technology and mudline suspension systems for exploration activities in the North Sea. The contract is worth approximately £700,000, which is subject to completion of relevant terms, with revenues expected to commence 31 July. Rental company Northbridge says enquiries and quotes for the sale of manufactured units are improving compared with the levels of last year. In addition rental demand continues to increase in nearly all our markets.Oil and gas explorer CDS's directors say its financial situation is not appropriate for an AIM quoted company and it will cancel its listing on 23 June.
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30 Jun 2010 07:00

Northbridge Ind Serv Proposed Acquisition And -4-

The Extraordinary General Meeting will be held at the offices of Buchanan Communications, 45 Moorfields, London EC2Y 9AE at 10.00 a.m. on 22 July 2010, at which the Resolutions will be proposed. A copy of the circular containing further details of the Placing and incorporating a notice of EGM and Fo

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30 Jun 2010 07:00

Northbridge Ind Serv Proposed Acquisition And -3-

million) to be satisfied by A$12.3 million (GBP7.1 million) in cash from the proceeds of the Placing, the Bank Facility and the Group's cash resources and the issue of Consideration Shares representing A$1.6 million (GBP0.9 million). In addition, subject to warranties given by the Vendor being satis

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30 Jun 2010 07:00

Northbridge Ind Serv Proposed Acquisition And -2-

whether to use the proceeds to finance other carefully selected acquisitions, which would be approved if necessary by Shareholders, and/or consider the possibility of returning cash to Shareholders. 2. Background to and reasons for the Acquisition and Placing Northbridge's strategy is to b

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30 Jun 2010 07:00

Northbridge Ind Serv Proposed Acquisition And Placing

TIDMNBI RNS Number : 4760O Northbridge Industrial Services PLC 30 June 2010 ? 30 June 2010 NORTHBRIDGE INDUSTRIAL SERVICES PLC ("NORTHBRIDGE", THE "COMPANY" OR THE "GROUP") PROPOSED ACQUISITION OF TASMAN OIL TOOLS PTY LIMITED PLACING OF

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14 Jun 2010 15:08

Northbridge Industrial Services Sees FY In Line With Market Views

LONDON (Dow Jones)--Northbridge Industrial Services PLC (NBI.LN), an industrial services and rental company said Monday overall activity has continued to grow and enquiries and quotes for the sale of manufactured units has increased compared with the levels of last year. MAIN FACTS: -Rental

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25 Mar 2010 17:36

Small Caps round-up: Digital Barriers, Northbridge Industrial, Nanoco..........

AIM shell company Digital Barriers has made its first acquisition since joining AIM three weeks ago. The shell will pay up to £2.5m for Security Applications Ltd, which supplies thermal imaging equipment for perimeter surveillance. This is the first step in Digital Barriers' strategy to provide pr

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