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Small caps round-up: Borders & Southern, AT Communications, Scapa ...

Thu, 28th May 2009 09:02

Falklands Islands-focused oil group Borders and Southern said it is ready to seek partners for its licenses after defining a multi-billion barrel prospect inventory in the South Falkland Basin.The group posted a pre-tax loss of £4.7m in 2008, compared with £336,000.While noting that the price of a barrel of oil fell from $147 to $35 before approaching $60 again, Borders said its projects were likely to be 'commercial' with oil at $35 a barrel.Andrew Parsliffe has stepped down as finance director of the business communications group AT Communications.He will be replaced temporarily by Michael Norris, a non-executive director at the company.Technical adhesive tapes supplier Scapa slumped into losses for the year and scrapped its dividend because of the "unprecedented economic circumstances."Pre-tax losses came in at £9.3m from the profit of £7.4m before on revenues that rose to £174m from £170m. It scrapped the dividend, having paid 0.75p last year. "The Group has taken prompt action to address the substantial volume shortfall in our markets by the introduction of a major restructuring programme and tightening already well-established cash controls," said the group.Africa-focused agricultural group Agriterra has opened a second maize-processing facility in Mozambique.Silver explorer Arian Silver posted a pre-tax loss of $481,000 in the quarter to March 31 after deferring all Mexican silver exploration until it receives new funding.Risk management solution provider Strategic Thought saw pre-tax losses for the year rise to £2m from £1.5m loss before on revenue that increased 22% to £6m. "The ARM sales pipeline remains strong and notwithstanding the difficulties in predicting the timing of the closure of large contract negotiations, we remain confident about stronger ARM licence sales in 2010," it said. China-based food preservatives group Sorbic saw pre-tax profit for the half year increase 36% to £2.59m on revenue that rose 26.4% to £8.5m.Software firm Scisys said results for the first half of 2009 will be consistent with market expectations for the full year.Clean fuel technology group Oxford Catalysts has been awarded a $5m commercialisation grant that will help towards the development of the group's microchannel technology for hydro-processing. The grant covers a period of 30 months.The grant proposal by its US subsidiary, Velocys, proposal was ranked highest out of 32 finalists by an independent review committee from the US National Academy of Sciences.The Local Radio Company's cash flow problems have been eased by a £1m loan facility by its new owner, UKRD Group. The facility has been offered at a fixed interest rate of 9% and runs for an initial term of six months.Acquisitive transport group Rotala moved into the black for the first time, posting a profit before tax of £1,2m in the year to 30 November 2008, versus a loss of £0.7m the year before. Turnover grew 84.5% to £35.7m from £19.3m the year before, reflecting the impact of recent acquisitions which increased its fleet to more than 400 vehicles. The company has not declared a dividend but intends to start doing so in the latter part of the current financial year.There are changes at the top afoot at oil and gas firm Valiant Petroleum with Kevin Lyon taking over as chairman following the annual general meeting on 2 June 2009, when Gordon Stollery will step down. Stollery will remain on the board as a non-executive director.Lyon is currently chairman of Valiant's remuneration committee. He is also chairman of Mono Global Group, an infrastructure support services company operating in the telecoms sector, and of Wyndeham Press Group, a printing and communications firm.
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13 May 2014 10:09

SCISYS Signs European Space Agency Contract For Pilot Project

LONDON (Alliance News) - SCISYS PLC said Tuesday it has signed a contract with the European Space Agency to deliver the Harwell Robotics and Autonomy Facility Pilot Project 1. The deal, worth EUR1.2 million over the next 12 months, commences immediately, said SCISYS. The HRAF facility

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7 May 2014 15:51

Pace CFO cheers with share purchase

Pace shares were moving higher on Wednesday after the group's Chief Financial Officer (CFO), Roddy Murray, bought himself 30,000 shares in the technology developer. Paying 349.9p a share, Murray spent a total of £104,970 and took his total beneficial holding to 130,000 shares. The deal took advan

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7 May 2014 09:47

DIRECTOR DEALINGS: SCISYS CEO Buys 50,000 Shares

LONDON (Alliance News) - SCISYS PLC Wednesday said Chief Executive Officer Klaus Heidrich bought 50,000 shares at a price of 92.75 pence per share representing his only holding in the company Tuesday. Shares in the software developer were trading up 1.1% at 93.00p Wednesday morning. B

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22 Apr 2014 15:48

DIRECTOR DEALINGS: SCISYS Directors Acquire Shares

LONDON (Alliance News) - SCISYS PLC said Tuesday the followng directors, including Chairman Michael Love, acquired shares on April 15 at a price of GBP0.93, as part of the company's share incentive plan:

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14 Apr 2014 07:57

SCISYS lands deal to provide facilities for EUMETSAT

Software systems, IT based solutions and support services supplier SCISYS has landed a contract with GMV Aerospace and Defence to deliver the mission operations facility for EUMETSAT's upcoming geostationary weather satellite, Meteosat Third Generation (MTG). EUMESTAT is the European Organisation

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14 Apr 2014 07:15

UK MORNING BRIEFING: Glencore Sells Interest In Peru Copper Project

LONDON (Alliance News) - Glencore Xstrata said Monday it has agreed to sell its interest in the Las Bambas copper project in Peru to a Chinese consortium including MMG, Guoxin International Investment Corp and CITIC Metal Co for USD5.85 billion in cash. The deal is part of an agreement to w

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14 Apr 2014 06:42

SCISYS Wins Operations Contract For Geostationary Weather Satellite

LONDON (Alliance News) - SCISYS PLC said Monday it has won an operations contract with GMV Aerospace and Defence for the Mission Operations Facility of a new geostationary weather satellite. The supplier of bespoke software, IT and support systems to the media, broadcast, space, government

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8 Apr 2014 08:16

SCISYS Signs Extension To European Space Agency Contract

LONDON (Alliance News) - SCISYS PLC said Tuesday it has signed a one-year extension to its contract with the European Space Agency, worth in excess of EUR5 million. The bespoke software systems and IT provider said the one-year extension with the European Space Agency will see it provide a

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26 Mar 2014 13:17

Scisys Raises Dividend 11% As 2013 Profit Hit By Restructuring Costs

LONDON (Alliance News) - Software company Scisys PLC raised its total dividend Wednesday despite seeing pretax profit decline, as higher revenue was offset by restructuring costs in 2013. The company raised its total dividend for 2013 by 11% to 1.46 pence from 1.32 pence in 2012. Scis

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24 Jan 2014 09:33

Scisys To Meet Full-Year Expectations, Confident For 2014

LONDON (Alliance News) - Scisys PLC said Friday that it full-year results will meet expectations and expressed confidence for 2014 as it saw strong order intake in its fourth quarter. Scisys produces software systems for the media and broadcast, space, government and defence sector. T

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26 Sep 2013 12:42

Scisys H1 Revenues Up But Says 2nd-Half Contracts Slipping Into 2014

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26 Sep 2013 11:14

STOCKS NEWS EUROPE-UK small caps shed 0.2 pct at midday

UK small caps fall 0.2 percent in midsession trade, in tandem with the mid-caps and the blue chips, while the junior-listed AIM shares made it into positive territory, rising 0.2 percent. Scisys, the supplier of bespoke software systems and IT based solutions, falls 12.2 percent after annou

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20 Jan 2012 08:28

London open: Footsie flat, Vodafone rises on Indian tax ruling

The Footsie opened flat on Friday morning, with a rise in the banking sector being offset by resource stocks. The blue chip index nudged just a few points lower to 5,738 in early trading, following yesterday's 0.7% rise on the back of strong macro data and an improving outlook in the Eurozone. In o

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20 Jan 2012 07:27

Cash rolling in at SciSys

Buoyed by strong order intake in the final quarter of 2011, software solutions provider SciSys reckons it is likely to enjoy further growth in sales, profits and net margins in 2012. The group said it performed in line with expectations in the second half of last year, despite the board having some

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26 Jan 2011 14:51

Round-up: Hamworthy, Meggitt, SciSys...

Engineer Hamworthy expects 'significantly' to exceed previous earnings expectations for the year to March after strong demand for after sales products and services, an increase in order intake from the oil and gas market and a reduction in the instances of customers delaying delivery dates. "It r

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