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Small caps round-up: Character, Advanced Computer, Titanium...

Thu, 09th Sep 2010 14:57

Toy maker Character expects to make a "strong return to profitability" for the year to 31 August and reports second half and full-year sales ahead of forecasts. "Sales in the new year have started well and are likely to substantially out-perform our internal forecasts for September," the firm said. "Hopefully, this trend will continue throughout the Christmas season."Healthcare software provider Advanced Computer Software predicts interim revenue will match forecasts and profit will beat expectations as it shields itself from upcoming spending cuts.Bosses reckons sales for the six months to 31 August will rise to £47.3m from £11m a year ago, and adjusted EBITDA will be at least £12m, up from £3m last time."Advanced offers mission critical products for both the public and private sectors," said chief executive Vin Murria. "We believe this diversification will protect the group from the worst of the anticipated public sector spending cuts." Titanium Resources turned in a record profit after tax of $3.88m in the first half compared with a $4.95m loss in 2009, thanks mainly to a $5.3m insurance payout on the capsize of Dredge D2.Sales were down to $18.63m from $19.79m, while rutile shipments fell to 27,648 tonnes due to the delay in the docking of a vessel due at the end of June. The firm is targeting full year production of 64,000 - 70,000 tonnes despite a dip in six-month output to 30,650 tonnes.Russia focused explorer Urals Energy made a net profit of $1.6m in the six months ended 30 June versus a huge impairment-driven $440m loss a year ago.Average daily production slipped to 2,084 barrles of oil per day (bopd) from 4,251 last time following the sale of Dulisma.Antofagasta has agreed to fund further work at the La Zarza copper-gold joint venture with Ormonde Mining, having already pumped in $1m.Ormonde managing director Kerr Anderson said work activities to-date and the global resource estimate of 61 million tonnes, reported today by Antofagasta, "demonstrate that there is a significant and substantial copper resource at La Zarza".Speciality pharmaceutical company IS Pharma has launched Aquoral, its oral spray for dry mouth suffered by patients undergoing chemotherapy and radiotherapy, in the UK. IS Pharma also has the option for exclusive rights to market Aquoral in Germany.House broker FinnCap noted that "according to the NHS prescription cost analysis (PCA) for 2008, sales of products for dry mouth and oral inflammation to NHS England exceeded £5m," which it believes to be an underestimate of the UK market. It believes Aquoral could achieve peak sales in excess of £750,000, though it has left its profit forecasts for IS Pharma unchanged for the time being.
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22 Apr 2024 17:51

TRADING UPDATES: First Tin updates Tellerhauser estimates

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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5 Dec 2023 20:01

EARNINGS AND TRADING: Lowland Investment NAV falls but dividend hiked

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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12 Oct 2023 14:29

IN BRIEF: Ormonde Mining notes report by investee Tru Precious Metals

Ormonde Mining PLC - holds stakes in Toronto-listed gold and copper explorer Tru Precious Metals Corp, which has a project in Newfoundland, Canada, and in battery metals explorer Peak Nickel Ltd - Notes report by investee TRU, which on Wednesday announced it had begun its Golden Rose exploration project in the highly prospective Central Newfoundland Gold Belt in Canada.

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29 Sep 2023 12:32

EARNINGS: i(x) Net Zero swings to profit, Zephyr falls to loss

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:

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6 Sep 2023 18:28

IN BRIEF: Ormonde buys stake in TRU Precious Metals for CAD3 million

Ormonde Mining PLC - focussed on the evaluation and execution of new opportunities - Completes its investment in Toronto-listed exploration company TRU Precious Metals Corp, which is exploring for gold and copper in the highly prospective Central Newfoundland gold belt in Canada. Takes an initial 36% interest in TRU's through a private subscription for 60 million shares of TRU at CAD0.05 per share for a total CAD3 million. Ormonde has the potential to increase its shareholding to up to 46.0% through the exercise of warrants.

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4 Sep 2023 11:49

IN BRIEF: Ormonde Mining starts trading on AQSE, switching from AIM

Ormonde Mining PLC - holds stakes in Toronto-listed gold and copper explorer Tru Precious Metals Corp, which has a project in Newfoundland, Canada, and in battery metals explorer Peak Nickel Ltd - Starts trading on Aquis Stock Exchange in London on Monday, its shares having been suspended from trading on AIM in London and the Euronext Growth market since February. Ormonde shares will be cancelled from AIM and Euronext on Tuesday. Notes that Thomas Anderson holds 24.99% of its shares upon admission to AQSE.

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18 Aug 2023 15:46

UK shareholder meetings calendar - next 7 days

Monday 21 August 
Calculus VCT PLCAGM
Home REIT PLCGM re changes to the investment policy
Tuesday 22 August 
Cake Box Holdings PLCAGM
ReNeuron Group PLCAGM
RUA Life Sciences PLCAGM
Smoove PLCAGM
STM Group PLCAGM
Wednesday 23 August 
Brandshield Systems PLCAGM
James Latham PLCAGM
LifeSafe Holdings PLCGM re shareholder circular
Momentum Multi-Asset Value Trust PLCGM re appointment of the liquidators
Sovereign Metals LtdGM re share placement options
Thor Energy PLCGM re proposed share consolidation
Thursday 24 August 
Ananda Developments PLCAGM
Concurrent Technologies PLCAGM
CyanConnode Holdings PLCAGM
Nuformix PLCAGM
Oryx International Growth Fund LtdAGM
ThomasLloyd Energy Impact Trust PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re market purchases of its own ordinary shares
Friday 25 August 
Honye Financial Services LtdAGM
Iconic Labs PLCAGM
Ormonde Mining PLCAGM
Ormonde Mining PLCEGM re AIM delisting and proposed investment in TRU Precious Metals Corp
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Jul 2023 21:53

TRADING UPDATES: Ormonde eyes AIM exit; Online Blockchain tests AI app

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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30 Jun 2023 21:45

IN BRIEF: Ormonde Mining acquires stake in Canadian miner TRU

Ormonde Mining PLC - focussed on the evaluation and execution of new opportunities, currently holds 20% stake in battery metals explorer Peak Nickel Ltd - Announces proposed investment in Toronto-listed exploration company, TRU Precious Metals Corp. TRU is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt in Canada. Ormonde is to buy an initial 36.2% interest in TRU through a private subscription for 60 million shares of TRU at CAD0.05 per share for a total consideration of CAD3 million. Potential to increase shareholding to up to 46.0% through the exercise of warrants.

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27 Jun 2023 21:09

IN BRIEF: Ormonde Mining looks towards "further exciting investments"

Ormonde Mining PLC - holds 20% stake in battery metals explorer Peak Nickel Ltd - Pretax loss in 2022 narrows to EUR1.1 million from EUR1.6 million in 2021. Records no revenue in 2022, just like in 2021. "During 2022 and the first part of 2023, the board has delivered on extracting value from legacy assets to boost the group's balance sheet and commenced its proposed strategy of leveraging this strong balance sheet to generate new value enhancing deals for shareholders," Chair Brian Timmons says. "The sale of the La Zarza assets and subsequent investment into Peak Nickel Ltd represent the first steps in shareholder value creation and provide the platform for further exciting investments in prospective mining jurisdictions. The board continues to advance discussions with interested parties to move onto the next stages of this strategy."

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8 Feb 2023 19:26

TRADING UPDATES: Diversified plans fundraise; Highcroft ends sale

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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7 Feb 2023 19:37

TRADING UPDATES: Ormonde Mining acquires stake in Peak Nickel

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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3 Oct 2022 14:31

IN BRIEF: Ormonde becomes cash shell on sale of La Zarza project

Ormonde Mining PLC - cash shell, former Dublin-based mineral resource company - Completes the sale of its land, data and drillcore assets at its La Zarza project. La Zarza is a copper, gold and zinc mine located in Andalucia, Spain. The assets have been sold for EUR2.3 million in cash to La Zarza Mineria Metalica SLU a subsidiary of Tharsis Mining SL. Ormonde says it has now received EUR800,000 with the balance to be paid in three equal payments of EUR500,000 on the first, second, and third anniversaries of completion.

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28 Sep 2022 16:41

Ormonde Mining to become cash shell after sale of La Zarza project

(Alliance News) - Ormonde Mining PLC on Wednesday said it will become a cash shell, following the completion of the sale of its interest in the La Zarza Copper-Gold project for EUR2.3 million.

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28 Sep 2022 15:29

Ormonde upbeat as it prepares for cash shell status

(Sharecast News) - Ormonde Mining said in its interim results on Wednesday that it was reviewing acquisition and investment opportunities across a number of jurisdictions.

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