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Small caps round-up: smartFocus, Globo, Record...

Tue, 21st Jul 2009 09:19

Shares in smartFocus soared after the marketing software company said it expected to post 13% rise in revenues in the half year to June 30, with profits also significantly ahead.The firm has benefitted from the rise in digital marketing's popularity, with customers wins during the period including the electronics giant Sony and online gambling operator Virgin Games.Greece-focused Information and Communications Technology group Globo said revenues for the half year to June 30 are expected to be up by about 15% from the same period a year ago to €8.3m. The firm, which has been collecting cash from public sector contracts, said it anticipates pre-tax profits to be marginally higher than those produced in the same period of last year.Record, the specialist currency investment manager, said assets under management equivalents totalled $36bn as at 30 June compared with $31.5bn as at 31 March.ClearStream Technologies shot up after it received notification of approval by the SFDA (State Food and Drug Administration, China) for a range of families of percutaneous transluminal angioplasty balloon catheters to be sold in China.Cashbox said it has been awarded a contract to manage a further 260 ATMs at sites within the Mitchells & Butlers estate of managed pubs. Arab Media Corporation (AMC), the Arab satellite TV operator, has licensed the ANT Galio Browser and the ANT Galio Core Applications, two products made by digital media software designer ANT. Gladstone, the booking systems software specialist, has sold its flagship Plus2 software suite to a number of clients in Northern Ireland and the Republic of Ireland. The company added that a number of existing clients in Ireland have grown substantially in the last year and have bought more licences for the Plus2 product.Holders Technology, which provides specialised materials, equipment and services to the electronics industry, saw its share price slide Tuesday after revealing that the first half of the year had been "extremely difficult". Revenue in the six months to 31 May 2009 fell to £6.5m from £8.8m a year earlier, while last year's interim pre-tax profit of £0.4m turned into a pre-tax loss of £0.6m this year.Component maker Chloride's total sales were marginally lower in the three months to 20 July, as continuing growth in service sales only partially offset weakness in the product business. The order book increased by 2% to £140m as at 30 June.Oakley Capital Investments, which gives investors exposure to Oakley Capital's Private Equity fund, saw net asset asset value rise by 16% to £1.25 as at 30 June 2009. Absolute assets £151m were 30 June, made up of cash, investment in the Limited Partnership, and mezzanine loans.Digital radio systems supplier Sepura has reiterated it is seeing demand for its products in key markets around the world and its expectations for the financial results remain as previously advised. These will be weighted towards the second half and subject to the inherent lumpiness in the TETRA market.Equity release specialist Sovereign Reversions is to raise £3.69m through a placing and open offer at 118p. The net funds raised of up to approximately £3.52m will principally be used to invest in new equity release plans based on home reversions or similar productsYesterday, a consortium of Sovereign shareholders served an EGM notice on the company to remove chairman, Paul Spencer, and the executive directors, Graeme Marshall and Rupert Pearce Gould. The Consortium proposes that they be replaced with Michael Campbell as non-executive chairman and Harry Hill and Peter Gordon as executive directors.

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