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Small caps round-up: Monitise, YouGov, 1pm ...

Thu, 09th Feb 2012 11:07

Monitise has announced a collaboration with Visa, in which Visa DPS will use Monitse's mobile services. The services allow financial institutions to offer their account holders the ability to monitor account history and balances, transfer funds between accounts, and receive near real time transaction alerts on their mobile devices. No details were given as to the value of the agreement. Monitise shares fell 0.72% to 34.25p YouGov, the international online market research agency, has said trading across the group during the six months to January 31st 2012 has been in line with its expectations and the board is confident of the full year outcome. Double digit organic revenue growth has been achieved in the six months. Shares rose 5.88% to 58.50p.If you are wondering why the share price of AIM-listed tiddler Arcontech Group surged on Thursday morning, so are the directors of the company which provides products and services for real-time financial market data processing and trading. Shares virtually doubled to 0.19p in the morning session before ebbing a little to 0.14p after the company said it knew of no reason for the share price rise.1pm, the provider of asset finance facilities to small and medium sized businesses, has been doing a spot of financing itself, and has increased its funding lines by £0.7m throigh two separate loans. The loans are exclsuively for the purposes of wriing new leases. The company added that levels of new business enquiries remain encouraging and have been boosted by the company's new lending initiative in Northern Ireland.Croma Group, the AIM-listed security services provider, has announced that its wholly owned subsidiary, Vigilant Security has won a five-year contract worth £1.15m per annum to secure the premises of a major listed London property group. "Once again our success highlights that the security service offered by our ex-military security professionals is recognised by the market as potent and attractive," the firm said. Shares climbed 28.99% to 2.23p. Regency Mines has placed 19.1m shares at 2.1p each to raise £0.4m before expenses. The funds generated will be applied towards exploration expenditures in Papua New Guinea and Australia, as well as for general working capital requirements, the firm said. Shares fell 8.4% to 2.35p. Oil and gas explorer Tower Resources' subsidiary Northland Capital Partners has placed over 180m new ordinary shares at 3p each raising £5.41m before expenses. The firm has also issued 15.8m new ordinary shares to YA Global Master, an investment fund, at 3.8p each, raising £0.6m. The funds will be put towards redeeming the principal and accrued interest of the loan provided by YA Global Masters to commence the Mvule-1 well, to complete the drilling of the well, and to general working capital requirements over the balance of 2012. Shares fell 10.06% to 3.58p. Tanfield Group, a manufacturer of aerial work platforms, has said the trading for the second half of 2011 was similar to that of the first half and that the company's order book continued to grow as order intake significantly outstripped monthly shipment revenues. Equipment lead times extended as the growth rate was managed to ensure the company optimised the use of its working capital. Net cash at December 31st was £3.4m (December 2010: £3.6m). Shares gained 0.55% to 45.75p. Pilat Media Global, the supplier of business management software to the media industry, announced that a prominent global media and entertainment company has gone live with its MediaPro airtime sales solution. The firm will eventually use MediaPro in nine regions across Europe. "This adoption of MediaPro by this high profile media and entertainment company is just the latest example of how the solution is rapidly becoming the standard for economical and efficient airtime ad sales management," Pilat said. Shares soared 22% to 30.5p.Fusion IP, which commercialises university research, announced that Asalus Medical Instruments has raised £0.7m in its funding round, following a successful pre-clinical study of its lead product, known as Innervision. The funds will be used to commence Innervision's 'first-in-man' clinical study and begin the process of scaling up the technology, prior to its expected launch in 2013. Shares rose 10.43% to 63.50p. Aviation group Air Partner has unveiled Richard Everitt, the firm's current Senior Independent Director, as the successor of Aubrey Adams, Non-Executive Chairman of the company, with immediate effect. The firm said its was "delighted" that Everitt agreed to take over the role. Shares fell 3.5% to 275p.NR/JH
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14 Jun 2011 12:06

London midday: China reassurance boosts FTSE 100

Stocks have moved higher, helped by some reassuring economic figures from China. Chinese industrial production rose by 13.3% in May, assuaging some observers' fears that economic expansion in the fast-growing country could slow. The excitement is in the FTSE 250 today, with Avis Europe soaring on

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14 Jun 2011 09:23

SME demand to lift 1pm to profit

AIM-listed asset finance provider to small and medium enterprise (SMEs) 1pm moved up more than 25% after saying it will announce a return to profitability for the full year following improved trading. Turnover for the year ending 31 May 2011 is expected to be £1.90m, which is 43% ahead of last year

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14 Jun 2011 08:32

London open: Shares rise as Avis takeover stokes M&A excitement

London's leading share index is posting strong decent growth this morning in contrast to recent sluggishness, but the excitement is in the FTSE 250 with Avis Europe soaring on news the Avis car hire brand is set to return to single ownership after US operator Avis Budget launched an agreed bid. Avi

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17 Dec 2010 10:45

Small caps round-up: 1pm, ECDC, Hot Tuna...

1pm, the specialist provider of lease asset finance to small and medium sized businesses, grew its lease portfolio by 43% in the half year ended November - which now stands at £9.2m - due to an increase in new business levels. The group also noted a return to profitability, reporting a pre-tax pro

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15 Sep 2010 11:42

Small caps round-up: ILA, Indus Gas, Minera...

ILA, which makes personal alarms for women, has won two big orders, one from the department store House of Fraser and one from the Canadian book retailer Indigo Books. But the shares are down nearly 9%. Losses widened at Indus Gas in the year to March 31, but the India-focused oil and gas group has

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20 Jan 2010 13:10

Small caps round-up: ING Real, Intellego, Oxford Intruments...

ING UK Real Estate Income Trust will repay £15m of debt through the purchase and cancellation of loan notes at a discount to nominal value in two separate transactions. The transaction will result in a one off gain to NAV expected to be in the order of £680,000, and will also save over £719,000 per

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