Small caps round-up: Printing.com, Medgenics, Dunelm...

7th Oct 2009 08:18

Printing.com, which prints greetings cards, leaflets, flyers and other items, saw an upturn in trading in September though this was below the level of that of the same month the previous year.AIM listed Medgenics has raised £0.265m through a placing of common shares at 6p each. The company, which has developed an alternative to the use of syringes in the medical world, told Sharecast back in August that it had been constrained by limited funds from performing more tests of its revolutionary technology. The funds will enable the company to stage tests of its Biopump technology as part of the process of gaining regulatory approval in the US, chief executive officer Dr. Andrew Pearlman told Sharecast.Internet telephony company Vyke Communications, which issued a profit warning at the end of September, has secured a £10m line of credit from GEM Global Yield Fund.The credit arrangement is available for three years and if Vyke draws upon it the fund will receive Vyke shares to the value of the amount drawn down, based on a formula which values the Vyke shares at a 10% discount to the average closing price of Vyke shares over the 15 trading days prior to the draw down.Housebuilder and business park developer Artisan fell into losses in the year to June 30 as turnover slumped amid a sharp slowdown in the commercial and residential property sector. The firm, which is focused on the northern Home Counties and East Anglia, posted a pre-tax loss of £8.1m compared with a profit of £600,000 as revenues fell to £10.9m from £23.4m.Coffee distributor Coburg posted a loss of £123,000 on slightly lower sales of £3.54m in the year to April. The group recently warned that its largest customer, Caffe Nero, is now to roast its coffee 'in house', which would have a material adverse effect on profitability of the company particularly in the next financial year.Electrical components group Volex's revenues for the first half were significantly down on prior year in constant currency terms. Sales from continuing operations increased in the second quarter over the first quarter of this year, but external market conditions continue to be challenging it said.'Given current economic conditions the board continues to take a prudent view of the company's short term prospects but remains comfortable with previous full year guidance on the trading outlook for the twelve months to 4 April 2010, it added.Bill Adderley, founder and life president of household goods retailer Dunelm has completed a placing of 15.6m shares, or 7.8% of the firm, at a price of 310p per ordinary share. He retains approximately 34% of Dunelm's issued share capital and will not sell any more shares for at least twelve months.Cilled convenience food group Uniq has completed the sale of its French chilled and frozen convenience food unit, Marie SAS, to Group LDC for a total enterprise value of €71.3m (£60.9m). The enterprise value comprises €60m (£51.3m) for the company plus the repayment of €11.3m (£9.6m) in intra-group debt.