Small caps round-up: On-line, Oneclick, Mallett...

5th Nov 2009 11:31

On-line fell back Thursday after reporting an increase in its full-year loss to £267,000 from £137,000 a year ago on turnover little changed at £126,000.The company, which has stakes in ADVFN and ALL IPO, wrote off £298,000 on investments, mostly due to Smoking Gun which de-listed from the Plus market.HR software provider OneClickHR has been selected to deploy its HR.net Enterprise technology at Canadian consultancy firm Genivar.Scanning software specialist Kofax says its 2010 financial year has started positively with total revenues in line with expectations and adjusted operating profit ahead of forecasts. "Market conditions have stabilized and show early signs of improving to a limited extent but continue to be challenging and difficult to predict," said chief executive Reynolds Bish."We continue to expect low to mid single digit organic revenue growth in our software business this financial year."Mallett, which deals in antique furniture and works of art, says turnover and operating profit are still less than last year, but better than expected.The group said it remains on target to achieve cost savings of £2m in the year as trading conditions appear to be improving gradually, although it's cautious about prospects for the rest of 2009 and into 2010. Shares in property services group Rok rose strongly as it reported a maintained order book and kept its guidance for this year unchanged."Our total forward revenue visibility under secured orders and long term framework agreements now stands at £2.1bn, level with the previous year. Secured and visible revenues for 2010 are now some 80% of our forecast revenues. The future framework pipeline is also strong at £1.6bn," Rok said. Red24 paid a maiden dividend of 0.15p and revealed an agreement with HRG Rennies Travel, the Hogg Robinson Group's strategic travel management partner in Africa, to provide security advice to ensure the safety of HRG Rennies Travel staff during the 2010 World Cup in South Africa.HRG Rennies Travel has been appointed as a FIFA licensed Participating Tour Operator for the 2010 World Cup.and is Southern Africa's largest travel group.The dividend follows more progress in the half year to September with sales up 16% to £1.87m from £1.61m and profit before tax up 17% to £231,000 from £198,000.Solomon Gold has identified four targets with anomalism over 11 parts per bn gold following the airborne Hoist EM Electromagnetic survey flown by Newmont on behalf of the Joint Venture over the entire 300km2 area of the Company's exploration licences on Guadalcanal. These four represent the best of the anomalies in the survey results to date, it said.Book publisher Quarto is trading in line with expectations. Earnings before interest, tax, depreciation and amortisation in the first nine months of the year rose 7% year on year to £15.2m while revenues in the UK remain ahead of last year's levels.'The US market remains a big challenge, with cyclical as well as structural issues. However, attention to housekeeping has improved the group's gross margins, and overheads are down,' the company said.Gas storage group Portland Gas is to raise £2.5m from a placing of 2.5m new shares at a pound a throw. The shares have been placed with existing institutional investors and two members of the Portland Gas board, Andrew Hindle and Walter Roberts.