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Share Price: 35.00
Bid: 34.00
Ask: 36.00
Change: 0.00 (0.00%)
Spread: 2.00 (5.882%)
Open: 35.00
High: 35.00
Low: 35.00
Prev. Close: 35.00
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UK SMALLCAP ROUNDUP: GMA Resources Rises On Equity Talks

Tue, 15th Jun 2010 16:00

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps GMA RESOURCES PLC (GMA.LN), a gold miner, Tuesday said it is in talks with a potential provider of new equity capital. The company said it expects to conclude discussions shortly. GMA added it has started exploration drilling at the Amesmessa gold mine in Algeria. At 1357 GMT, shares +0.4 pence or 38% at 1.45 pence. CML MICROSYSTEMS PLC (CML.LN), a maker of semiconductors, Tuesday said it returned to profitability in the second half but won't resume paying dividends any time soon, despite a solid start to the new fiscal year. At 1357 GMT, shares +4 pence or 5.8% at 73.5 pence. NEWRIVER RETAIL LTD. (NRR.LN), a retail property group, said it hopes to declare its maiden dividend in the next 12 months. "I would be disappointed if we don't declare a dividend in the next 12 months," Non-Executive Director David Lockhart told Dow Jones Newswires. The firm earlier Tuesday said it is confident about the 2011 fiscal year due to "highly favorable" conditions in the U.K. real estate market, as it posted a pretax profit for its first trading period. At 1357 GMT, shares flat at 272 pence. IDEAL SHOPPING DIRECT PLC (IDS.LN), a U.K. home shopping channel retailer, said it expects to reintroduce a dividend this year as it anticipates a swing to a "substantial" first-half profit, boosted by continued strong sales growth. The firm didn't pay a 2009 dividend but said its board feels comfortable that they can reintroduce a sustainable dividend policy when the firm's first-half results are announced in September. The company last paid an interim dividend in 2008. At 1356 GMT, shares +11.5 pence or 7.4% at 166.5 pence. SYSTEM C HEALTHCARE PLC (SYS.LN), a software company, said it expects 2010 fiscal-year revenue to jump 75% on the year but revenue in the short-term is at risk from U.K. government spending cuts. The provider of specialist IT products and services to the health and social care sectors said the surge in its fiscal 2010, ended May 31, revenue includes "substantial" organic growth. At 1356 GMT, shares +0.5 pence or 1.3% at 40.5 pence. ALEXON GROUP PLC (AXN.LN), a U.K. women's clothing retailer, said sales at its stores open more than a year fell 5.4% in the 19 weeks to June 12, largely due to stock problems at its Ann Harvey stores following Iceland's volcanic eruption. The firm said the resulting volcanic ash cloud which spread across Europe delayed transportation of a key summer stock package to its Ann Harvey stores, which has "significantly impacted" recent sales. At 1356 GMT, shares -1.75 pence or 8.2% at 19.5 pence. SPICE PLC (SPI.LN), a utility support services group, said the indicative possible offer price of 56 pence a share from European buyout firm Cinven Group Ltd is opportunistic and "significantly undervalues" the company, adding that it isn't in offer talks with Cinven or any other party. Spice has undergone a raft of changes internally recently, with major shareholder and entrepreneur Simon Rigby stepping down from the chief executive role in February to be replaced permanently in May by Martin Towers. At 1358 GMT, shares +4 pence or 8% at 53.75 pence. PLAZA CENTERS NV (PLAZ.LN), an emerging markets property developer, said its U.S. real estate joint venture has raised $27 million from Israeli insurer Menora Mivtachim Holdings Ltd. (MMHD.TV) and some of its affiliates. At 1358 GMT, shares -1.5 pence or 1.5% at 102 pence. ANDOR TECHNOLOGY PLC (AND.LN), a scientific camera maker, said fiscal-year first-half profit rose 68%, buoyed by rising sales in China, Japan and the U.S., and it expects new products and higher sales to equipment manufacturers to drive future growth. The group is pinning its hopes on the launch of its sCMOS camera, which is due to enter production towards the end of 2010. At 1355 GMT, shares +32.5 pence or 17% at 228 pence. HEALTHCARE LOCUMS PLC (HLO.LN), a staffing firm, said it is no longer in offer talks after it mutually ended discussions with the other party. The company, which provides temporary and permanent staff to the healthcare and social care sectors, said April 9 that it had received an approach but said Tuesday both parties have agreed all discussions in relation to the approach have ended. At 1355 GMT, shares -35.5 pence or 16% at 182 pence. PHOTO-ME INTERNATIONAL PLC (PHTM.LN), a photo booth operator, said it expects its fiscal 2010 pre-exceptional, pretax profit to beat current market expectations by at least 20%. At 1354 GMT, shares +4 pence or 13% at 34 pence. INTERNATIONAL BRAND LICENSING PLC (IBL.LN) said it plans to raise around GBP15.06 million through a share issue so it can acquire EKF-diagnostic GmbH and take its first steps toward becoming a diagnostics business. The company, which previously licensed sports brands across the world, last year identified in-vitro diagnostics as a market with significant potential. At 1354 GMT, shares flat at 25 pence. OXFORD INSTRUMENTS PLC (OXIG.LN) said it is hunting for acquisitions to help meet its growth targets. The firm--which makes scientific instruments--said it is interested in acquiring businesses that sell different products to similar customers so it can add to revenue but keep costs down by combining operations. The company posted a swing back to profit for its fiscal year and said new products and the benefits of a restructuring will help drive growth. At 1354 GMT, shares +28 pence or 10% at 298 pence. DATONG PLC (DTE.LN), a designer and manufacturer of intelligence gathering equipment, said a raft of new product launches and possible acquisitions should continue driving growth this year, following its swing to a first-half pretax profit on soaring sales. At 1353 GMT, shares +2 pence or 5.4% at 39 pence. AFRICAN EAGLE RESOURCES PLC (AFE.LN), a miner, reported a major increase in estimated resources at its Dutwa nickel project in Tanzania, tripling tonnage and more than doubling its estimated contained metal. At 1353 GMT, shares +0.5 pence or 12% at 4.63 pence. DJ UK Smaller Cos +0.4% AIM -0.1% -By Hannah Benjamin, Rachael Gormley & Jason Douglas, Dow Jones Newswires; +44 (0) 20 7842 9272; uksmallcaps@dowjones.com (END) Dow Jones Newswires June 15, 2010 11:00 ET (15:00 GMT)
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TRADING UPDATES: Bradda Head excited by drilling prospects in Arizona

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7 Jun 2024 13:04

IN BRIEF: SysGroup raises GBP11 milllion through placing, subscription

SysGroup PLC - Liverpool, England-based IT services, cybersecurity, and cloud hosting provider - Raises GBP11.0 million via oversubscribed placing and subscription at 33 pence per share. Originally intended to raise GBP10.0 million. Says placing has raised GBP8.9 million and the subscription has raised GBP2.1 million. In addition, SysGroup plans to launch a GBP0.5 million retail offer.

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6 Jun 2024 19:55

IN BRIEF: SysGroup plans to raise GBP10.5 million to support growth

SysGroup PLC - Liverpool, England-based IT services, cybersecurity, and cloud hosting provider - Plans to raise GBP10 million via placing and subscription at 33 pence per share. Also plans GBP0.5 million retail offer at same price. Proceeds will be used to fund an internal transformation project, strengthen the balance sheet to provide for ongoing working capital requirements as the business continues to drive growth, as well as liquidity for M&A opportunities, whilst ensuring that the Company remains compliant at all times with its obligations under its existing financing arrangements.

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29 May 2024 12:18

SysGroup inks machine learning-focused partnership with Softcat

(Alliance News) - SysGroup PLC on Wednesday announced a strategic partnership with Softcat PLC, which it said would solidify its position as one its fellow London listing's machine learning partners.

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30 Apr 2024 14:26

SysGroup sees revenue rise on strong second half but earnings fall

(Alliance News) - SysGroup PLC on Tuesday said revenue increased in its financial year, driven by a strong second half, although it expects earnings to fall.

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30 Apr 2024 11:33

SysGroup FY revenues grow on strong H2 performance

(Sharecast News) - Data solutions business SysGroup said on Tuesday that revenues had grown in the second half, offsetting a modest H1 decline.

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6 Feb 2024 14:08

SysGroup shares jump on new CFO appointment and revenue growth

(Alliance News) - SysGroup PLC on Tuesday appointed a new chief financial officer, alongside reporting double-digit revenue growth in its third quarter.

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27 Nov 2023 14:29

EARNINGS AND TRADING: SysGroup loss widens, Ajax interim loss narrows

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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1 Nov 2023 14:22

SysGroup revenue falls despite steady trading

(Sharecast News) - Managed IT services provider SysGroup reported a steady first-half trading performance in an update on Wednesday, with notable growth in high-value managed IT services revenue.

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1 Nov 2023 11:45

IN BRIEF: SysGroup expects interim revenue drop; shares plunge

SysGroup PLC - Liverpool-based IT services, cybersecurity, and cloud hosting provider - Reports steady performance for the first half of the year ending March 31, but expects to report a revenue drop of 2.7% to GBP11.0 million from GBP11.3 million in the corresponding half a year ago. Adjusted earnings before interest, tax, depreciation and amortisation is expected to be 5.9% lower at GBP1.6 million from GBP1.7 million a year prior. Appoints Heinrich Koorts of Softcat PLC as chief revenue officer.

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26 Jun 2023 12:38

SysGroup reports annual revenue boost following acquisitions

(Alliance News) - SysGroup PLC reported on Monday a sharp rise in annual revenue following two significant acquisitions last year, and affirmed its optimism for the year ahead.

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26 May 2023 09:32

IN BRIEF: SysGroup names former Volex head as exec chair; CEO to leave

SysGroup PLC - Liverpool-based IT services and cloud-hosting provider - Says Chief Executive Officer Adam Binks will step down following publication of annual results on June 26. He will remain as a consultant for six months "to ensure the orderly and smooth transition of his responsibilities." Also on June 26, Heejae Chae will join as executive chair and "take day-to-day responsibility" for running SysGroup. Chae was previously CEO of Scapa Group PLC and Volex PLC, and is chair of the remuneration committee at IP Group PLC. Following Chae's appointment, current Non-Executive Chair Michael Edelson will step down to become a non-executive director. Edelson plans to retire following next annual general meeting in September.

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17 Apr 2023 21:31

DIRECTOR DEALINGS: Frasers Founder Mike Ashley ups stake

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17 Apr 2023 11:42

SysGroup FY results seen in line with expectations

(Sharecast News) - Technology solutions provider SysGroup said on Monday that a "strong performance" had left it with full-year results that were in line with expectations.

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17 Apr 2023 11:34

IN BRIEF: SysGroup shares up as annual revenue set to increase

SysGroup PLC - Liverpool-based IT services and cloud-hosting provider - Expects trading for the financial year that ended on March 31 to be in line with expectations. Revenue is expected to grow 47% to GBP21.6 million from GBP14.7 million the year before. Says the growth in revenue was achieved through a combination of "6% organic growth supplemented by the successful acquisitions of Truststream and Orchard". Adjusted earnings before interest, tax, depreciation and amortisation is expected to be GBP3.3 million, up 18% from GBP2.8 million.

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