Member Info for jange

Green Compliance, an AIM-listed provider of business support services, has reported a solid trading outcome for the year ended March 31st, in line with its expectations. The firm said that while it has not been immune to declines in the UK economy, is has won businesses and contracts throughout the year, with the bid pipeline remaining "robust".

Plexus is now aiming to produce a new type of subsea wellhead, to build on the success of its "friction-grip" land based system. The group's Chief Executive, Ben van Bilderbeek said: "there is an increasing recognition that Plexus has the potential to become a leading specialist oil and gas wellhead services company that will offer a new wellhead standard for surface and in time, subsea applications."

Plexus, the specialist oil and gas wellhead engineer, says new contract wins and repeat business from old customers drove profits in the six months to the end of December. Turnover increased 24% over the period of 2010 to £9.3m, while earnings before interest, tax depreciation and amortisation (EBITDA) grew 17% to £3.0m. Profits before tax increased 33% to £1.5m. The interim dividend has been increased by 11.4% to 0.39p per share. Since the year end Plexus has raised £6.2m in a share placing.

"Solid organic growth and a strong maiden contribution from Deben have enabled the group to achieve another set of record results. Deben was purchased out of cash-flow, leaving net debt effectively unaltered at the year-end." Shares in Judges had gained 4.3% by 11am. Since the start of the year the stock has risen 63.8%.

Deben, which makes instruments for electron microscopy, was bought in March last year. This year Judges has also gobbled up Global Digital Systems which sells instruments used to test the physical properties of soil and rocks and KE Developments, another electron microscopy business. Alex Hambro, Chairman of Judges Scientific, said:

The contribution of the businesses owned on 1st January 2010 grew by 10%. Basic earnings per share, before exceptional items, rose from 45p to 61p. The proposed final dividend is 6.7p, raising the full year figure to 10p versus 7.5p in 2010.

Instruments maker Judges Scientific has reported record revenues as new acquisition Deben made a significant contribution to income. The year ended 31st December saw Judges' revenues advance 30% from £16m to £20.8m over 2010. Organic growth came in at 15%. Profit before tax, exceptional items and minorities, rose by 44% from £2.75m in 2010 to £3.95m.

House broker WH Ireland believes the firm has made "decent progress" during the period, and said its dividend was ahead of expectations. The broker attributed the improvement in sales to increased demand for its data products, including two significant sales of Iraqi and Russian data. WH Ireland reiterated its buy rating, saying the stock is undervalued at just 11.3 x current year earnings. The share price has risen 49% over the past year, equivalent to 7.50p, and is up 10% following today's results, at 23.50p.

The company suffered a serious setback in 2009 following the recession, when many of its major clients, which include ExxonMobil, Shell, and BP, slashed their budgets. The firm was able to make cuts and took out a loan, half of which has since been repaid, in order to ride out the troubles, returning to profit in 2010.

"We are looking to expand into new areas, including appropriate acquisitions and extending our proprietary and consultancy work. Whilst there is inevitably a degree of uncertainty over future trading, month-on-month volatility has been reduced as more opportunities arise." Cash levels at the end of the period increased from £1m to £1.8m year-on-year.

Chief Executive Raymond Wolfson told Sharecast the period had been a strong one for the company and explained how he plans to move the company forward. "We believe we have the largest global source of commercially available gravity and magnetic data, including onshore US," he said. "We have a high quality client base which stretches across the globe and remain confident about the medium and long-term. Our strategic three-year project helps ease any concerns over future income visibility because clients are signed up for at least that length of time. We've seem good revenue growth and rising profits, which has led us to propose a dividend of 0.2p.

Geosciences firm GETECH, which specialises in improving the efficiency of exploration activies with the oil and mining sectors, has reported a strong half year ended January 31st. Revenue rose from £2.65m to £3.19m, up 20%, while pre-tax profit was up 22%, from £0.29m to £0.36m.

Growth in the UK was lower with a 3.5% uplift on 2010 and the UK proportion of total turnover now stands at 33%, although the firm points out total UK revenue is at a record. Most of Halstead's work comes from commercial properties; recent contracts include the Royal London Hospital and Liverpool John Moores University. Pre-tax profit up to December increased to £21.1m - an increase of 14.1% over 2010 while the dividend has been boosted by 11.1% to 5p. News of the results had pushed the shares up 7% by 15:05. Since January the stock has risen 24.7%.

International sales helped lift flooring firm James Halstead to record revenues in the half year to December 31st. Trading over the first half produced revenues of £117.7m, an increase of 10.9% over the same period the year before. Overseas sales increased by 15.2%. The growth in Germany was over 17% and France and Scandinavia were north of 25%

i said what you doing here lol......

What you doing here.....

The group's Chief Executive, Ben van Bilderbeek said: "there is an increasing recognition that Plexus has the potential to become a leading specialist oil and gas wellhead services company that will offer a new wellhead standard for surface and in time, subsea applications." Shares in the firm had gained 5.3% by 10:08; the stock is now 59.7% up on the start of the year.

Since the year end Plexus has raised £6.2m in a share placing. Plexus is now aiming to produce a new type of subsea wellhead, to build on the success of its "friction-grip" land based system.

Plexus, the specialist oil and gas wellhead engineer, says new contract wins and repeat business from old customers drove profits in the six months to the end of December. Turnover increased 24% over the period of 2010 to £9.3m, while earnings before interest, tax depreciation and amortisation (EBITDA) grew 17% to £3.0m. Profits before tax increased 33% to £1.5m. The interim dividend has been increased by 11.4% to 0.39p per share.

The stock has boomed over the past year, rising more than 100%, equivalent to 200p, and nearly 15%, or 50p over the past month. 45-year-old McCaffery was a co-founder of Maintel Europe in 1991 and previously held the position of sales director of Maintel Holdings.