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Small caps round-up: Real Good Food, Griffin Mining, Probability...

Tue, 26th Jan 2010 08:08

Orders from big name customers such as Marks and Spencer's and Costa Coffee has been keeping ingredients and bakery products supplier The Real Good Food Company busy.The firm has reduced bank borrowings from £29.1m to £21.3m and improved its sales performance. Strong sales have also been aided by home baking coming back into fashion, according to Real Good Food. Griffin Mining is at a two-month high after it was granted a new 16-year mining licence to dig below the 1300 level at its Caijiaying zinc-gold mine in China. 'Although a long time in the coming, the issue of the new mining licence at Caijiaying is very welcome as it allows the mining of Caijiaying to be guaranteed for the currently known mine life at zone III at a production level optimized by the company,' said chairman Mladen Ninkov. Mobile gaming software specialist Probability is trading in line with expectations following a 'very encouraging' December that saw record bets taken and net gaming revenues 30% higher than November.Net gaming revenue actually fell 8% in the third quarter to £1.14m as players cashed in their winnings in November to pay for Christmas.'We anticipate that Probability may become cash generative again as early as the Spring and we look forward with confidence to profitable future growth from the excellent prospects in our marketplace,' said boss Charles Cohen.Cashpoint advertising specialist i-design Group has seen a steady start to the new financial year after growing revenues by 14% in the year to September 2009. Last year saw an 81% increase in media sales on the back of a much larger estate of cash machines, and the board expects media sales revenues to increase again this year. Rambler Metals climbed after the gold miner said it would be investigating the resource potential of a new gold facility it has acquired in Newfoundland, Canada.Also in mining, Metals Exploration shares ticked up after the Pacific Rim-focused natural resources explorer and developer said it expects to receive an updated resource estimate for its Runruno gold and molybdenum project on the Philippine island of Luzon.Ultimate Finance, the AIM-quoted factoring, invoice discounting and financial solutions provider, says results for the six months to December are in line to meet market expectations for the full year. "Trading has been good, with demand for the company's services remaining strong. The quality of enquiries seen by the company has increased, and as such, so has the quality of the business written," it says.David Liddell has resigned as stockbroker Panmure Gordon's Chief Financial Officer, with effect from 31 March 2010, to pursue other business interests. The board will commence a formal process to appoint a new Chief Financial Officer. Liddell has been with Panmure Gordon since May 2005. Software solutions provider Corero said results for the financial year ended 31 December were in line with expectations and showed an improvement over those for 2008.Trading profit, subject to audit, is expected to be in excess of £300,000, reversing the declared trading loss for the six month period ended 30 June 2009 of £180,000. Shares in Eleco dropped after the construction components and software group said it expects to report an operating loss for the first half.600 Group said conditions in certain of its markets remained difficult during the period from 27 September to 25 January but added that positive signs of recovery continued within its machine tools and laser markets, particularly in North America.
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600 Group Chooses Asset Sale Rather Than Takeover From Qingdao D&D

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31 Dec 2013 07:47

AIM IN BRIEF: 600 Group Says Talks With D&D Now Are For Asset Sale

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4 Dec 2013 14:46

600 Group wins more time for Qingdao takeover talks

Precision engineer 600 Group has won more time to continue talks with China's Qingdao D&D Investment Group about a potential takeover offer. The group said the Takeover Panel had extended a deadline for Qingdao to announce a firm plan to bid for 600 Group, or to pull out, from 17:00 GMT today to Ja

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20 Nov 2013 11:08

600 Group Swings To Pretax Profit; Qingdao Takeover Talks Continue

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6 Nov 2013 15:33

600 Group Confirms Talks With Qingdao D&D Investment

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9 Oct 2013 12:40

600 Group Says Acquisition Talks With Qingdao Ongoing, Offer Deadline Extended

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11 Sep 2013 09:22

STOCKS NEWS EUROPE-AIM index outperforms, 600 Group strong

Junior-listed AIM shares advance 1.1 percent, outperforming the wider market, with the blue chips off 0.1 percent, and the mid-caps 0.3 percent firmer. Engineer 600 Group jumps more than 7 percent after it receives an approach from Qingdao D&D Investment Group, with traders pointing to the

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6 Sep 2012 09:38

600 Group announces share placing and losses

Machine tools business 600 Group says it was hamstrung by the performance of its European operations in the full year to the end of March but has now cut the fat, and raised money to fund investment. In the 12 months to March 31st continuing revenues increased 8.1% to £39.39m but the business turne

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13 Jul 2012 09:57

600 Group completes sale of South African operations

600 Group, a diversified engineering firm, has sold the entire share capital of 600 South Africa after the conditional contract was approved. The operations, which were sold due to difficulties that were being experienced in repatriating net operating income to the parent company, was sold to Eqst

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27 Jul 2011 07:58

Job done, says 600 Group chairman

Engineering firm 600 Group remains cautious in its outlook despite making a good recovery in the past year. The company moved firmly into the black, with pre-tax profit in the 52 weeks to 2 April of £3.58m, versus a loss of £8.72m the year before, after tough market conditions eased over the year

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28 Apr 2011 07:16

Thursday tips round-up: ARM, Senior, 600

Arm Holdings super-smart chips drive almost every smartphone on the market and its reach is now expanding well beyond advanced mobile phones. The stock trades on a huge multiple, which KBC Peel Hunt estimates at 54 times its estimated earnings for 2011. The Independent has Arm as one of its stock p

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