Small caps round-up: Synchronica, Works Media, Intercede...

1st Feb 2010 08:07

Synchronica says it is awaiting final documentation for a major order delivered at the end of December. On the assumption that this documentation is received, revenue for 2009 will be broadly in line with market expectations at around £4.5m.Works Media said it has completed a review of the business which has resulted in a tighter strategic focus on the core activities of its two divisions. In addition, there has been a reduction in overheads which is expected to yield annualised savings of £500k. The group said it believes that these steps should significantly improve it's future outlook.Employee ID card group Intercede has signed a contract with Gemalto to supply MyID to a major Aerospace and Defence Contractor. This award follows a competitive procurement process during which integration between MyID and SUN Identity Manager was demonstrated.Baobab Resources says two of three diamond drill holes at the South Zone prospect of the Tete magnetite-ilmenite project in Mozambique, intersected broad zones of cumulate-style mineralisation similar to that of the 47.7mt Inferred Resource at Chitongue Grandeas well as massive magnetite-ilmenite intrusive dykes. "The results from the maiden drilling programme demonstrate the potential for substantial resources underlying the South Zone prospect and importantly, the regional continuity of mineralisation of the Massamba Group," Baobab said.Real Office has published new, audited results for the year to July 2009 which show a profit of £1.25m on sales of £45m. The board views the current financial performance as satisfactory when set against the challenging global economy and specific local issues and is working towards improving the position further. Sales at business advisory group Vantis reduced by 2% to £47m (2008: £47.9m) in the half year to October. Operating profit was £3.6m, down by £3.6m. After exceptional costs and interest, the loss before tax for the period was £10.7m. The impact of the recession on BATS and increase in working capital caused by the growth in BRS is expected to continue to affect the second half of the current financial year, Vantis said.Shares in Enova Systems powered forward after the alternative energy group said it had been awarded a contact to supply electric drives to General Services Administration, which provides vehicles to government agencies and armed forces.Timestrip, which makes labels indicating how long products have been in use, has won an order to supply labels for toothbrushes. The label will alert users that they need to change their toothbrushes after three months.Tricor, which specialises in the import and export of mobile phones, has announced a licence agreement with First Carbon Trust Limited (FCTL) for the exclusive use of FTCL's platform for a 5 year period.The contract is part of Tricor's new strategy to move into new areas of trading such as the regulated and over-the-counter carbon emissions sectors.Shares in Catalyst Media jumped after the investor in betting technology said it has commenced a review of its strategic options, include the sale of the group.Business claims financing provider Juridica has made three additional investments since its 2 November trading update, totalling $6.5m. 'With these three new investments in the portfolio, Juridica has expanded its relationships to include two additional Am Law 100 firms and another Am Law 200 firm. In each investment, the Company is pleased to be supporting a client that is represented by an experienced trial lawyer who has established a record of success in the courtroom,' the company said.Asset manager Sigma Capital expects to post profit before tax of more than £0.9m for 2009, compared to a loss of £0.5m in 2008. Revenue is expected to dip to £2.4m from £4.7m the year before.The group said it will be recommending payment of a maiden dividend when it announces its preliminary results for 2009. Net asset value per share at the end of the year stood at 19p, up from 15.9p the year before.