Small caps round-up: Clyde Process, Hargreaves Services, Synchronica

1st Dec 2010 09:15

Clyde Process has agreed a £33m bid from German group Schenck worth 82.5p per share in cash."Clyde Process has a strong expertise in air filtration and pneumatic conveying and injection technology that Schenck Process believes will further enhance its own value proposition to its IBS Heavy and IBS Light customers, in particular," Schenck said.Coal miner Hargreaves Services' results are expected to be in line with management expectations. Underground mine Maltby has improved following the slow start to the year. The coke markets remain strong and Hargreaves is confident of achieving its coke price targets.Hargreaves added it now expects a decision on the Tower Colliery project early in the New Year, but does not foresee this delay having a material impact.Long suffering shareholders in Synchronica, who have seen the value of their investment decline by two-thirds over the last year, got some much needed cheer on Wednesday as the mobile messaging solutions firm received a $0.98m volume expansion order for additional Mobile Gateway licenses a major player in the African mobile communications market.The expansion order is in addition to the initial order for a pilot installation and associated professional services, worth $0.75m, under the group-wide framework agreement announced on 15 October 2010.