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Small caps round-up: Strategic Thought, Tricorn, Oxford Instruments ...

Thu, 08th Apr 2010 08:50

Shares in provider Strategic Thought, which provides risk management software to large organisations such as the miner Rio Tinto and the London Underground, fell after it said results will fall short of expectations as a result of slippage in two major contracts.It expects revenues for the year to March 31 to total £8.2m up from £6.0m the previous year.Shares in tubing group Tricorn jumped after it said pre-tax profits will be ahead of expectations after debt reduction measures lowered borrowing costs.'Market conditions in our energy and transportation segments have been steadily improving, with demand toward the end of the period being particularly encouraging,' the company said. 'Orders within our utilities segment also increased in the final quarter, which, combined with the above, have more than offset the lower activity levels within our aerospace segment.'High technology tools and systems developer Oxford Instruments issued a brief statement Thursday saying the board is confident that the group's full year performance will be in line with expectations.Oil explorer Range Resources said site preparations have started for the commencement of drilling of the Russell-Bevly Unit #1 well in Nueces County, Texas.Transport group Rotala failed to make an acquisition, for once, in 2009 but still saw revenue grow 14%.Revenue for 2009 improved to £40.56m from £35.68m in 2008. Profit before tax and intangible asset expenses, share based payments and debt finance costs climbed to £1.53m from £1.20m. "Undoubtedly the recession has had an impact on bus usage, especially in the West Midlands, but we have continued to grow our revenues against this trend. The pressure on government and local government finance is bound to be an important issue in the year ahead, but I believe that market conditions for a business based on public transport in its various forms are generally favourable," said John Gunn, non-executive chairman.Trading in 2010 has been in line with management expectations.Mail and parcels group UK Mail Group said the market share of its parcels business continued to improve in the second half of its financial year, which runs to the end of March.The fourth quarter saw group revenues running at a level 2% higher than the year before which should mean that full year revenues will be in line with the previous year's level.Derivatives software provider FFastfill said profitability for the year to March 31 will be below expectations due to delays in new income.Global Petroleum said it has started drilling at the Olmos reservoir in Texas. If successful, the well will be the sixth oil and gas producer in the zone, it said.Gooch and Housego, which makes optical components and systems, said trading in the year to March 31 was ahead of management expectations 'as a result of a continuing recovery in our core markets and growth in new business, particularly in the aerospace & defence sector.'
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4 Dec 2019 10:07

Tricorn Revenue, Profit Hit By Slowing Demand In UK, China Tariffs

Tricorn Revenue, Profit Hit By Slowing Demand In UK, China Tariffs

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4 Dec 2019 07:53

Tricorn profits plummet on trade war, weak UK demand

(Sharecast News) - Tricorn shares slumped on Wednesday as interim profits at the tube maker more than halved due to the global trade war and weak UK demand.

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9 Oct 2019 10:43

UK WINNERS & LOSERS SUMMARY: GVC Rises After Upping Annual Guidance

UK WINNERS & LOSERS SUMMARY: GVC Rises After Upping Annual Guidance

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9 Oct 2019 08:53

Tricorn Expects Annual Results "Materially" Below Market Forecasts

Tricorn Expects Annual Results "Materially" Below Market Forecasts

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9 Oct 2019 08:41

Tricorn warns on profits as trade war takes its toll

(Sharecast News) - Tube manipulation specialist Tricorn warned on Wednesday that full-year results would be "materially lower" than market expectations, principally due to Washington's long and protracted trade war with China and slowing demand in the UK.

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10 Jul 2019 14:55

DIRECTOR DEALINGS: Tricorn Finance Director Sells GBP10,000 In Shares

(Alliance News) - Tricorn Group PLC said Wednesday that Finance Director Phil Lee sold around GBP10,000 in shares in order to part-fund the cost of an exercise of options in mid-June.Lee of

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10 Jul 2019 11:10

Tricorn's New US Spray Line Operating Ahead Of Schedule

(Alliance News) - Tricorn Group PLC on Wednesday said it was ahead of schedule in bringing its new powder coating and wet spraying line in the US into operation.Tubing manufacturer Tricorn

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3 Jun 2019 13:16

Tricorn reinstates dividend after transportation revenues spur profit increase

(Sharecast News) - Tricorn Group on Monday reported an increase in annual profits and revenue, leading the company to reinstate its final dividend.

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14 May 2019 12:18

Tricorn Buys Painted Parts Facility Amid US Capabilities Expansion

LONDON (Alliance News) - Pipe maker Tricorn Group PLC said Tuesday it has acquired a powder coat and wet spray painting line in the US from Precision Partners LLC for USD50,000 as it looks to its

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5 Apr 2019 10:38

WINNERS & LOSERS SUMMARY: ContourGlobal Rises On Bigger Dividend

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - Group, down 1.3%, Barratt in

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5 Apr 2019 09:46

Tricorn Sees Rise In Annual Earnings On Strong Transport Unit Growth

LONDON (Alliance News) - Tricorn Group PLC shares rose early Friday after the company said it expects an increase in annual profit and revenue on the back of new business wins in the in the pipes

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5 Apr 2019 09:23

Tricorn surges on strong showing from transportation division

(Sharecast News) - Tube manipulation specialist Tricorn expects to have seen an increase in revenues during its last financial year despite lower demand in its power generation rental operations.

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5 Dec 2018 09:01

Tricorn dives as chairman sees growth 'slowing'

(Sharecast News) - Tricorn saw its shares drop on Wednesday as it warned of a slowdown in some end markets despite reporting a "significant increase" in interim profits.

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10 Oct 2018 11:13

Tricorn expects pre-tax profits to be 'significantly ahead' of last year

(Sharecast News) - Tricorn told investors on Wednesday that first half revenues were expected to be in line with those seen a year earlier as growth in its transport division helped offset reduced demand at its power generation rentals unit.

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10 Oct 2018 09:44

Tricorn Expects Interim Profit "Significantly" Ahead Of Prior Year

LONDON (Alliance News) - Tricorn Group PLC said Wednesday it expects its interim adjusted pretax profit to be "significantly ahead" of last year, while revenue is forecast in shares in

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