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Small caps round-up: Aminex, Helesi, Powerflute...

Fri, 04th Feb 2011 11:31

Aminex has proposed to up its interest in the Nyuni Production sharing agreement in Tanzania from 50% to 65% through a farm-in agreement with Key Petroleum. "A further acquisition of interest in the Nyuni PSA is a logical expansion of our activities and confirms our strong commitment not only to the Nyuni PSA itself but to Tanzania and the East African margin generally, now a focus of high oil industry interest," says Aminex chairman Brian Hall.2010 revenues for Helesi - the Greece-, Italy- and Cyprus-based waste management group - were 32% lower than the previous year at €50.5m due to reduced activity "and the implementation of fundamental reforms to local municipalities and communities."Earnings before interest, tax, depreciation and amortisation were €4m, compared with €12.7m previously. "The second half of 2010 has continued to be challenging, although we are seeing an improvement in the political situation in Greece," the group said.Shares in Nordic packaging and paper group Powerflute fell after its Graphic Papers business was hit by lower order intake and the rising price of pulp. While its Packaging Papers business had a strong final quarter with strong demand and improved operating margins, the group says that full year results will be "comparable with the underlying trading performance achieved in the prior year."Indian film group DQ Entertainment's revenue for the third quarter was 432.42m rupees (YTD Rs. 1,297.81m) and the profit for the quarter Rs31.49m (YTD Rs117m), which is as per the company's plan for financial year 2010-11. During the quarter the Rupee's adverse fluctuations with other currencies impacted the financials resulting in an exchange loss of Rs5.12m. The current order book stands at Rs6300m, which is to be executed over the next 30 months.KEFI Minerals has conditionally raised £1.3m by way of a placing at 5p per share.John Kennair, who paid £3.97m into a subsidiary of specialist glass group Romag without telling the rest of the board, has stepped down as chairman and will leave when it finds a replacement as chief executive. Non-executive director, David Gray takes over as chairman. David Banks, stays on as finance director, as he was unaware of the transactions of Mr Kennair. Romag shares remain suspended while refinancing talks are underway.
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14 Nov 2016 11:10

Powerflute Oyj takeover goes unconditional

(ShareCast News) - Nordic Packaging and Container Finland Holdings declared its recommended cash offer for Powerflute Oyj wholly unconditional on Monday, having received acceptances to the offer representing more than 90% of the issued and to be issued shares in Powerflute. As a result, Powerflute a

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15 Sep 2016 15:25

Powerflute agrees 90p a share takeover offer

(ShareCast News) - Powerflute has received a £268m offer from an affiliate of US private equity firm Madison Dearbon Partners. The offer from Nordic Packaging and Container Holdings (Bidco) is for 90p in cash per share, which is a premium of around 22% to the closing price of 73.75p on Wednesday. B

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15 Sep 2016 08:46

Paperboard firm Powerflute says to be bought for $354 mln

HELSINKI, Sept 15 (Reuters) - Finnish paperboard company Powerflute Oyj recommended cash offer from private equity firm Madison Dearborn Partners LLC for 268 million pounds ($354 million), it said on Thursday. Powerflute, founded by Dermot Smurfit from the family behind Ireland's packaging

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16 Aug 2016 14:27

Revenue down and earnings stable at Powerflute Oyj

(ShareCast News) - Powerflute Oyj announces its unaudited interim results for the six-month period to 30 June on Tuesday, with revenues excluding non-recurring items decreasing to €176.1m from €179.7m a year ago. The AIM-traded firm said EBITDA from operating activities was €26.5m on the same basis,

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19 Jul 2016 11:32

UPDATE 1-John Menzies bows to investor demands for new chairman

(Adds comments by John Menzies, investor) LONDON, July 19 (Reuters) - UK airport services and logistics group John Menzies has appointed Irish paper and packaging industry tycoon Dermot Smurfit as its new chairman, answering a key demand from new activist investor Shareholder Value Manageme

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19 Jul 2016 07:03

John Menzies bows to investor demands by appointing new chairman

LONDON, July 19 (Reuters) - Britain's John Menzies said on Tuesday it had appointed paper industry executive Dermot F Smurfit as independent chairman, answering a key demand from new activist investor Shareholder Value Management (SVM). SVM, which holds more than 7 percent of the distribut

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19 Jul 2016 06:50

John Menzies Appoints Dermot Smurfit As New Independent Chairman

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14 Jun 2016 15:02

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26 May 2016 13:04

Powerflute sees more challenging trading in H2

(ShareCast News) - Powerflute OYJ continues to perform well in the first four months of 2016, with trading results broadly in line on the year, but expects the second half to be more challenging. Shares in the paper and packaging group were down a little more than 12% this afternoon. "In Coreboard

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26 May 2016 09:46

WINNERS & LOSERS SUMMARY: Insurers Down As FCA Caps Pension Exit Fees

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26 May 2016 08:05

Powerflute Says Trading Solid But Second Half Will Be More Difficult

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18 May 2016 08:53

Powerflute Alters Capital Return Plans Ahead Of Meeting

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21 Mar 2016 17:32

Powerflute Says Bacchantes Has Sold 25 Million Shares (ALLISS)

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8 Mar 2016 14:58

Powerflute Oyj reports on stellar year

(ShareCast News) - Powerflute Oyj reported a stellar 2015 on Tuesday, with revenue and earnings growing significantly during the calendar year. The AIM-traded company saw group revenues rise 137.9% in its preliminary results, to €357.2m (£278m) from €150.1m. EBITDA, excluding non-recurring items was

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