magazine archive


magazine archive

Smaller Companies

Augean issues profit warning as CEO leaves

Thursday 19 Oct 2017

Waste management firm Augean ( AUG:AIM ) has warned that profits will be lower than previous expectations for the year. It blames a weaker trading performance and the impact of an ongoing HMRC assessment regarding landfill tax. Chief executive Stewart Davies has left with immediate effect and the...

Zinc Media looks to shine on screen

Thursday 19 Oct 2017

Micro cap television producer Zinc Media ( ZIN:AIM ) has renewed focus after exiting its loss-making publishing business. It is now seeking to consolidate a fragmented independent TV production sector. Formerly called Ten Alps, and part-founded by pop star Bob Geldof, the company was renamed...

Bioventix’s sales smash expectations

Thursday 19 Oct 2017

Antibodies developer Bioventix ( BVXP:AIM ) achieved better than expected sales for its financial year to 30 June, up 31% to £7.2m. The results were particularly boosted by its Vitamin D antibody vitD3.5H10 for deficiency testing. Full year earnings per share also beat expectations by 7%, which was...

Vertu Motors has got value under the bonnet

Thursday 19 Oct 2017

Patient contrarians should take a look under the hood of automotive retailer Vertu Motors ( VTU:AIM ) , unfairly overlooked at 46.5p per share. Able to withstand industry challenges given an asset rich, ungeared balance sheet, the £183.8m cap is grinding out profitable growth in relatively...

Pittards’ potential currency boost

Thursday 19 Oct 2017

Luxury leather goods producer Pittards ( PTD:AIM ) sees the Ethiopian government’s 15% currency devaluation as a positive development ‘in overall terms’, making its low-cost operations in the country more competitive. Making leather at a tannery in Edjersa plus gloves, clothing and accessories at...

Sound Energy exits Italy with Saffron deal

Thursday 12 Oct 2017

After an unsuccessful result from its Badile well (3 Jul), oil and gas focused company Sound Energy ( SOU:AIM ) is spinning its Italian assets into Saffron Energy ( SRON:AIM ) . Sound Energy will now focus on its Moroccan portfolio while Saffron is combining with its main shareholder Po Valley...

RedstoneConnect moves on

Thursday 12 Oct 2017

Smart buildings solutions designer RedstoneConnect REDS:AIM) has batted-off a bizarre takeover approach. AP Systems announced a plan to buy RedstoneConnect on 28 September without contacting the company directly. Having since received a formal letter, RedstoneConnect has binned the proposal because...

Datatec adds up cash return

Thursday 12 Oct 2017

Investors could be in for a huge cash windfall from IT solutions business Datatec ( DTC:AIM ) . The company is expected to confirm a $500m value return when it reports half year results on 13 November. That could be worth 180p per share if it was all handed out in cash, although a share buyback...

Investors ‘regaining favour’ with mining exploration

Thursday 12 Oct 2017

Institutional investors are slowly regaining interest in mining exploration stories, according to the boss of a newly-listed gold explorer. Jon Forster says he was impressed at the reaction to Cora Gold’s ( CORA:AIM ) IPO (initial public offering) marketing roadshow, given that the exploration side...

The life insurer with a difference

Thursday 12 Oct 2017

Guernsey-headquartered GBGI ( GBGI:AIM ) is a life insurance company that also offers cover for private medical treatment, disabilities and travel. Its global footprint makes this company stand out; Angola is one of its strongest markets and it operates in 120 jurisdictions via a global network of...

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