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7 May 2010 18:44

Small caps round-up: Sterling Energy, SnackTime, LSL Property Services

Oil and gas exploration company Sterling Energy said adjusted earnings before interest, tax, depreciation and amortisation totalled $2,1m in the first quarter of 2001. The company made a loss after tax of $1.3m on revenue from oil sales of $4.76m. Cash as at 30 April 2010 of $109.3m. The company sa

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29 Mar 2010 11:56

Small caps round-up: Artisan, Cashbox, Offshore Hydrocarbon...

Housebuilder Artisan has seen some improvement in its business in recent months, with losses in the half year to December down to £0.7m from £1.7m on sales of £4.2m against £5.1m. "Since the end of the period under review, the mortgage market appears to have eased a little with mortgage funds start

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6 Jan 2010 14:58

Shea takes Daniel Stewart stake to 15%

Peter Shea has added to his holding in broker Daniel Stewart Securities. Shea is chief executive of the broker and this is his first transaction in the shares since early September before a link up with Cairo-based Prime Group was announced. Middle East investment bank Prime was going to invest £2

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5 Jan 2010 16:19

Cadbury directors add to stakes

Cadbury non-executive directors are showing their confidence in the confectionery company by adding to their shareholdings. They swapped part of their quarterly directors' fees for the shares. The share buying came before Nestle said that it would not bid for Cadbury and Kraft increased the cash ele

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4 Jan 2010 15:39

Small caps round-up: Billing Services, Eros, Sterling Energy ...

Billing Services, which provides payment and financial risk management services to the telecommunications industry, has paid down $2.8m of its senior debt, reducing its senior debt level to $80.1m. AIM-listed Indian media and entertainment company Eros International has announced plans to raise in

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20 Oct 2009 16:50

London close: Footsie slips back

There was no shortage of company news to give Footsie direction but it was the release of housing data in the US that ultimately dragged the leading share index into the red. Housing starts increased to a seasonally-adjusted annual rate of 590,000 last month, up 0.5% above a revised 587,000 in Oct

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20 Oct 2009 14:19

London afternoon: Footsie pulled both ways

Footsie is struggling to find any sense of direction despite some big movements in individual companies' share prices. Fast growing software company Autonomy is finding the market hard to please. Despite another spell of strong organic growth in the third quarter, the shares are the worst performer

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20 Oct 2009 12:04

London midday: Banks drag Footsie down

Footsie made a valiant effort to finish the morning in the blue but came up just short, thanks largely to the weakness of financial stocks. Barclays is sharply lower, after Qatar's sovereign wealth fund said it was selling half of the warrants it holds in the bank. Qatar Holding is selling 379.22

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20 Oct 2009 09:29

Sterling finally offloads US business

Oil and gas exploration company Sterling Energy has sold off its US business for an initial $90m. Sterling announced its intention to sell its US business in April 2008 but found it difficult to find a buyer at the right price in the midst of the global financial crisis. With the price of gas stab

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24 Sep 2009 06:01

Thursday tips round-up: United Utilities, Yell, Game

Even at eight times next year's forecast earnings, United Utilities is not a stock to be buying, and is probably not even one to hang on to for investors looking to cash in any time soon. Water is a decent backbone for a portfolio, but United Utilities looks the weakest link among its peers. Sell, s

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23 Sep 2009 09:01

Small caps round-up: Pantheon Leisure, ILX, Zamano...

Leisure firm Pantheon Leisure said its subsidiaries - The Elms Group Limited and Sport in Schools Ltd - are performing in line with our expectations. Pre-tax losses for the six months to June rose to £275,000 against £71,000 last year on revenue that rose to £601,000 against £548,500. E-learning so

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14 Aug 2009 08:09

Strategic investor moves in at Sterling Energy

A takeover is off the agenda at Sterling Energy which has, instead, elected to secure its financial position through a share placing. The company is to raise £62.5m (gross) through a placing of shares at 1.3p per share. The placing price is less than half the closing price of the shares on Thursda

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10 Aug 2009 14:37

Sterling Energy considering sale, placing

Oil & gas exploration and production firm Sterling Energy said it is considering a number of options to secure its financing position, which includes the sale of the company or undertaking a "sizable" placing of new equity. The group noted the recent rise in its share price and said within the cont

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1 Jun 2009 13:23

Small caps round-up: Microcap, Bowleven, Pentagon Protection

Shares in Microcap Equities fell back after the investment firm said that negotiations with potential investors in the firm may not succeed and, if successful, would likely be made at a significant discount to the current share price. Oil explorer BowLeven reports that an independent survey by TRAC

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