Vitesse Media PLC Share News (VIS)

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Small caps round-up: GoIndustry-DoveBid, Sky High, Stadium...

Mon, 22nd Feb 2010 11:21

Shares in GoIndusty-DoveBid, a company that helps industrial firms to sell their assets, jumped after it said results for the year to 31 December should be in line with expectations.'After a difficult first half of the year, in the second half of 2009 the business traded profitably (adjusted pre-tax profits) and generated positive cash flow from operations,' the company said, adding that it believes trading for the first quarter of 2010 will be in line with expectations. Sky High lived up to its name with shares in the traffic surveyor soaring after it said sales had returned to previous levels and are expected to increase.'The company has come through the recession in a strong and stable position through a combination of carefully managed fixed costs, increasing sales and investing in software and hardware,' it said.The top riser in the mining sector is Stellar Diamonds, which is also living up to its name on its first day of trading on AIM. The company has been set up to explore for the gemstones in West Africa.Contract manufacturer Stadium's results are likely to be ahead of market expectation, it said today. Strong trading in the final quarter of the year, and the momentum carried into the first quarter of 2010, will result in profit before taxation and exceptional costs exceeding market expectation by approximately 10 to 15%.Software group Imaginatik is pleased to announce the signing of a multi-year software and services contract with Windsor Quality Food, a leading US-based manufacturer and marketer of frozen ethnic foods and appetizers.Electric power supplies group XP Power lifted underlying profits from £8m to £8.7m in 2009, though sales fell 3% to £67.3m (2008: £69.3m). Sales based on XP Power's IP are now 83% of total sales, compared to 78% in 2008 and 73% in 2007. Ongoing improvement in the sales mix raised gross margins to 45% (2008: 44.2%). The dividend for the year is 22p, up from 21p. Seller of used goods, Cash Converters, had the most successful half year in its history and expects more of the same in the first half of 2010.Earnings before interest and tax rose 25.7% to $15.3m in the 6 months to 31 December 2009 from $12.2m the year before, on revenue that grew from $44.5m to $59.3m.An interim dividend of 1.5 cents has been declared.Pangea DiamondFields is selling off all its diamond operations to Swedish exploration and mining group IGE and going into voluntary liquidation.IGE will issue 495.4m IGE shares to Pangea to acquire the latter's diamond interests. The consideration is worth around $47.6m or 1.7p per Pangea share.Pangea intends to distribute the IGE shares to its shareholders by means of a voluntary liquidation.Online, print and events company Vitesse Media expects to make a small profit for the full year, in line with expectations.'Although we are seeing signs of recovery in advertising, events and subscriptions compared to the second half of the last year, we will continue to streamline our business to strengthen our ability to cope with difficult market conditions and further diversify our revenue base,' pledged Sara Wilpliams, executive chairman of Vitesse.Results from specialist printing group Printing.com for its fiscal year are broadly in line with market expectations, notwithstanding the effects of the severe weather conditions at the start of the year which caused disruption to the company's network, with some branches unable to open for business on some days.Trading returned to normal levels in February, the company said.

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28 Jan 2014 09:22

Vitesse Media Raises GBP265,000 In Placing To Develop Crowd Funding Platform

LONDON (Alliance News) - Vitesse Media PLC said Tuesday that it had raised GBP265,000 through the placing of 12.0 million shares at a price of 2.2 pence, in order to support the development of its new small- and medium-sized enterprise crowd-funding platform. Vitesse said that the placing h

28 Jan 2014 08:15

UK MORNING BRIEFING: Shares Open Higher; F&C Agrees Takeover Deal

LONDON (Alliance News) - Shares have opened higher Tuesday ahead of UK GDP figures at 0930 GMT.

A day after confirming an approach by Bank of Montreal, F&C Asset Management said Tuesday it has agreed to be taken over by the Canadian bank in a GBP708 million deal

25 Sep 2013 11:28

Vitesse Media Narrows Losses, Remains Confident Ahead Of New Product Launches

25 Sep 2013 10:46

Vitesse Media slashes first half losses, looks optimistic

Cost reductions and an improved top line led to business publisher and events organiser Vitesse Media almost halving first half losses. The AIM-listed company, publisher of Growth Company Investor and What Investment among other titles, cut losses before tax 45% to £0.14m in the six months to July

10 Oct 2012 08:17

Vitesse Media losses widen

Media, events and research company Vitesse Media said pre-tax losses widened in the first half of the year as revenues tumbled. Pre-tax losses widened to £250,000 in the six months July 31 2012 compared to a loss of £15,000 a year earlier. Revenue fell to £995,000 during the period from £1.51m befo

22 Sep 2011 12:04

London midday: Slide continues

The FTSE 100 has continued diving and now looks in danger of dipping below the 5,000 point mark as comments from the US Federal Reserve last night continue to jangle nerves. Miners Xstrata and Kazakhmys are now posting double-digit percentage losses. Luxury fashion group Burberry is also nursing he

22 Sep 2011 11:01

Vitesse Media suffers loss after slowdown

Online financial news publisher Vitesse Media fell into losses in the six months to 31 July after experiencing a slowdown that began in April. The company, whose publications include Growth Company Investor, saw revenues fall to £1.51m from £1.56m over the same period the previous year, while a £33

7 Jun 2011 16:41

London close: Stocks creep higher again

The top share index inched higher for a second day running on another quiet company news day. UK insurance buyout firm Resolution was wanted after it announced details of a share repurchase programme of up to £250m which is due to start tomorrow. The move is part of its target return of excess cas

7 Jun 2011 12:42

London midday: Modest gains for FTSE 100

The FTSE 100 remains in positive territory with the recent calm over the European debt situation continuing. In remarks following a speech in Montreal yesterday the president of the European Central Bank, Jean-ClaudeTrichet, gave a nod of approval to a 'roll-over' of Greek debt In stocks news, UK

7 Jun 2011 08:31

Vitesse Media doubles pre-tax profit

Online print publishing and events firm Vitesse Media doubled annual pre-tax profit and expects to see further progress depending on the economic recovery. The group posted a pre-tax profit of £79,937 for the year ended 31 January 201 from a profit of £36,706 a year earlier. Revenue slipped to £3.3

7 Jun 2011 08:26

London open: FTSE 100 creeps higher again

It's another quiet day on the company news front, but there are still some interesting price movements on the back of company updates. After a weak start, the top share index is adding to yesterday's slight gains. In the FTSE 100, UK insurance buyout firm Resolution is wanted after it announced det

16 Sep 2010 14:59

Sector movers: Media stocks move ahead after updates

A slew of updates from publishers has sent the media sector higher. Specialist publisher and events organiser United Business Media (UBM) pleased the market by announcing that is to acquire Canon Communications, a trade show organiser specialising in the medical devices sector, for £185m. Dods is

16 Sep 2010 13:35

Small caps round-up: Beowulf, Anglesey Mining, Avocet...

Mineral exploration outfit Beowulf has added ground after finishing its 32-hole drill programme on its wholly-owned Kallak iron ore deposit in northern Sweden. "We remain convinced of the quality and quantity of our iron ore assets and firmly believe that Kallak will prove to be a major iron ore bo

10 Jun 2010 08:29

Vitesse Media FY Pretax Profit GBP36,706 On Revenue GBP3.6M

LONDON (Dow Jones)--Vitesse Media PLC (VIS.LN) said Thursday that for the year ending Jan. 31, it made a pretax profit of GBP36,706 on revenue of GBP3.6 million. MAIN FACTS: -Revenue GBP3.6 million (2009: GBP5.0 million) -Gross profit GBP2.4 million (2009: GBP3.2 million) -Operating

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