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Small caps round-up: Agriterra, Cohort, GB...

Mon, 18th Oct 2010 11:34

Agriterra, focussed on the agricultural sector in central and southern Africa, is making "fantastic" progress, announcing record buying and sales of maize in Mozambique.Sales soared 174% in May, they were up 208% in June, 149% in July and have more than doubled in August and September. Milling operations running 24/7 since the start of the month will grow output by a further 30% from current record levels.Cattle ranching operations in Mozambique are also "progressing extremely well", according to executive director Euan Kay.Tech firm Cohort has won a €5m deal to design and build the Atmospheric Lidar (ATLID) command and data management unit, part of the ATLID instrument being flown on the EarthCARE spacecraft in 2013.The ATLID instrument measures the reflected signals from an ultraviolet laser to find out the chemical constituents of the atmosphere. Identity management company GB Group thinks full-year profits will beat expectations after a strong first half during which revenue jumped 10% to £11.5m and underlying profit more than doubled to £740,000.There was strong growth at the identity based marketing services unit and "modest" underlying growth in identity verification.Self-storage group Lok'nStore swung to a full-year profit after cutting costs and increasing revenue by over £400,000 to £10.42m in the 12 months to 31 July. "Over the year occupancy is up 4% and prices are up 4.9% demonstrating that self-storage continues to perform well even in a weak economy," said boss Andrew Jacobs. "This success also reflects the quality of Lok'nStore's assets and operating business." Mongolia-focused oil explorer Petro Matad's Davsan Tolgoi-3 (DT-3) exploration well - the third of a three-well programme - has drilled down 345 metres out of a target of 1,200 metresBut winter weather is setting in and it's a race against time to get as much work done as possible. It wants an extra drill rig and workover rig on site.CEO Douglas McGay is also upbeat about analytical results from DT-1, which provide quantitative proof that "the hydrocarbons in Davsan Tolgoi have migrated over long distances from the source kitchens and have charged the Tsagaantsav Formation of Davsan Tolgoi.""The previously undetected indication of hydrocarbons in the Zuunbayan Formation is also a welcome result."Speech recognition technology firm Exkoh has received certification of full compliance with the Payment Card Industry Data Security Standard, which is a set of comprehensive requirements for enhancing account data security.Eckoh is now fully accredited to offer solutions to process credit and debit card payments made over the telephone and web. Eckoh's chief executive officer, Nik Philpot, described the accreditation as a "critical milestone" for the company. "The volume of card payments we are processing is increasing rapidly and is now at an annual run rate of £190m, and this growth is set to continue," Philpot predicted.Gas Turbine Efficiency's discussions with a potential strategic investor have concluded and the strategic investor has decided not to make an investment. Separately, the company is continuing discussions to sell substantially all of the assets of its aviation business and is exploring other long term financing alternatives involving existing investors, alongside third party alternatives.Pan Pacific Aggregates reports third quarter revenue is up 79%, with a 69% increase in tonnes sold and a 12% rise in average aggregates selling prices. "Quadling has performed to management's expectations and trading in September and early October 2010 has created the critical mass where Pan Pacific Quadling Quarry Ltd is now covering all its operational costs," it added.Disinfectant but group Tristel's profit jumped by a third to £1.72m in the year to June. Turnover rose 28% to £8.76m. "Tristel has had another successful year, increasing turnover and profit for the fifth consecutive year since joining AIM in 2005. We continue to expand internationally, obtaining our first regulatory approval in China and achieving our first sales, and we have now also entered the German market. We look forward to the future with confidence, " said chief executive Paul Swinney.Construction and engineering solutions provider Costain has been awarded a contract from the National Grid for its London Cable Replacement Tunnel.The contract, worth £200m, is to build a new high voltage electricity cable tunnel in London which is 33km long. It is due to start later this year and expected to be completed by 2014, with associated works to be finished by 2018.
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14 May 2012 12:47

Resources round-up: Enegi, Red Emperor, Range Resources...

Enegi Oil's latest results from tests at the PaP-1 well indicate that the connected oil and gas in place associated with Garden Hill South is in excess of 61.5m barrels of stock tank oil initially in place and 117bn cubic feet gas initially in place, with the absolute openhole flow potential expecte

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20 Apr 2012 12:45

Pan Pacific Aggregates secures lower interest mortgage deal

Pan Pacific Aggregates, the British Columbia-based aggregates company, has completed the remortgaging of its Quadling Quarry in the Fraser Valley Regional District, replacing its existing loan that was due to expire on June 30th. The firm has agreed the terms of a CAN$1.67m with a 24-month repayme

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13 Apr 2012 11:10

Pan Pacific complete cable diversion

Pan Pacific Aggregates, the British Columbia-based aggregates company, has completed its BC Hydro cable diversion at the Quadling Quarry in the Fraser Valley District. The project was completed within budget but, as previously announced, was delayed due to poor weather preventing the helicopter fr

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15 Nov 2011 14:49

Pan Pacific begins cable diversion

Pan Pacific Aggregates, the British Columbia-based aggregates company, has started on the diversion of the 911 emergency cable at Quadling. The cable will be moved to the west of the quarry where the reserves have been worked out, thereby freeing up access to new aggregate material. In a statemen

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19 Sep 2011 07:55

Pan Pacific hardens on major contract win

A major customer of Pan Pacific Aggregates, the British Columbia-based aggregates company, has been awarded the contract to supply aggregate for a major construction project within the Fraser Valley. Pan Pacific's Quadling Quarry will supply up to 100,000 tonnes of aggregate, covering the full rang

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19 Jul 2011 13:54

James Cropper finance boss crops stake

James Cropper's finance director John Denman has taken advantage of strength in the specialist and coloured paper maker's share price, pocketing £15,000 from the sale of shares. He sold 6,000 shares at 218p a pop, and now has a beneficial interest in 1,716 shares and a non-beneficial interest in 10

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9 Dec 2010 13:23

Pan Pacific ahead of expectations

Canada-based quarry company Pan Pacific Aggregates says that sales from its Quadling Quarry in British Columbia are ahead of expectations. Quadling was reopened in March 2010. Although the weather has been poor, recent sales have been near to the levels achieved in the summer. The average selling

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24 Sep 2010 11:13

Small caps round-up: Pan Pacific, Hotel Corporation, Dillistone

Revenue has started to roll in at quarry operator, Pan Pacific Aggregates, helping reduce first half losses. The British Columbian firm had revenues of £0.17m at the interim stage, having earned no revenue in the first half of last year. Meeting its targets of improved production and generating re

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15 Jul 2010 12:56

Pan Pacific Aggregate Raises GBP1.5M In 750M Share Placing

LONDON (Dow Jones)--Pan Pacific Aggregates PLC (PPA.LN), an operator of quarries in British Columbia, Thursday announces that on July 14 it issued and allotted 750,000,000 new ordinary shares of 0.1 pence each (representing approximately 46% of the current issued share capital of the Company) at a p

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8 Apr 2010 14:21

London afternoon: Footsie dips below 5700

Footsie has slipped back below 5700 with banks joining miners in the doghouse this afternoon. Miners are out of favour as metal prices show signs of fatigue. Vedanta Resources provided a spot of cheer to the sector, saying it saw a significant uplift in annual production at all its businesses in fi

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8 Apr 2010 12:21

London midday: Miners drag Footsie down

Equity prices started to come off the bottom towards the end of the morning trading session ahead of the Bank of England interest rate and quantitative easing decision which, as expected, preserved the status quo. Miners are out of favour as metal prices show signs of fatigue. Vedanta Resources pro

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8 Apr 2010 08:40

London open: Wall St pulls London lower

London is in a downbeat mood in early dealing following the drop on Wall Street overnight despite better than expected sales figures from the bellwether of the High Street, Marks & Spencer. M&S enjoyed a strong start to the year with food and non-food like-for-like sales beating expectations in the

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8 Apr 2010 08:32

Strong demand at Pan Pacific

British Columbia based aggregates company Pan Pacific has reported strong demand for its products from its Quadling quarry after the new by-pass road for hauling aggregates from the site was opened on 26 March. "Immediate sales have been generated and there is strong demand for the products that ha

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5 Jan 2010 08:10

Pan Pacific quarry to start shipments

British Columbia based aggregates business Pan Pacific Aggregates has secured provisional permission for the construction of an access road to its Quadling Quarry near Abbotsford, Canada. Completion of the road is expected to take six weeks. Once completed, the company will be able to start deliver

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