Small caps round-up: Treveria, Leaf Clean, Goals...

20th Jul 2012 14:17

Treveria, a German retail-focused real estate investment company, has entered into a standstill agreement with Deutsche Bank to facilitate discussions relating to an existing debt facility with the bank. In July last year the firm signed a one year loan extension the debt facility. Leaf Clean Energy Company, a renewable energy and sustainable technology investment firm, is partnering with Lehigh Technologies, a green materials company, and will invest $5.0m in Lehigh as it continues to meet increasing demand for energy-saving micronized rubber powders. "Leaf's mission is to support companies that can achieve environmental sustainability with economically viable business models," said Bran Keogh, Executive Director.Goliath has agreed the terms of a recommended cash offer has agreed to purchase the entire share capital of Goals, the shareholders of which will receive 144p in cash per share, valuing the company at around £73.1m. The offer represents a premium of 34% to the closing price on the last day before the offer period and 6.7% to the closing price on the last day before the offer was announced. Dawson International has said it is disappointed to report that discussions with the Pension Protection Fund and the Pensions Regulator to seek a negotiated entry of its UK defined benefit pension plans into the PPF have been unsuccessful, with these bodies rejecting all offers made by the company. The deficit on the plans has widened despite the firm's efforts to reduce them. The firm said it "simply has no more to offer" the plans and that "in the event of administration, while we would expect that a new owner would be found quickly, there remains a real risk that a successful and profitable UK heritage business will suffer from a period of uncertainty." Amphion Innovations, a developer of companies in the medical and technology sectors, has said revenue for the first half of 2012 is expected to be lower than in the first six months of 2011, but slightly higher than in the second half of last year, as a result of higher expenses and delays in the pace of settlements following the expansion of DataTern's intellectual property licensing programme. Meanwhile, the net asset value at the end of June is expected to be higher than at 31 December 2011 (£0.13). Metalrax, a supplier of specialist engineering and consumer durable products, has said trading from its two operating divisions, Specialist Engineering and Consumer Durables, has been mixed. Within the Specialist Engineering division, export sales have continued to perform well and businesses with customers in the yellow goods and automotive markets have seen good demand. The Consumer Durables division has continued to face very challenging trading conditions, particularly within the High Street Retail and Grocery sectors, reflecting the general economic situation within the UK consumer marketplace. The firm has predicted an operating outcome for the year as a whole broadly in line with last year. Impact Holdings has posted a four per cent rise in pre-tax profit to £0.31m, giving earnings per share of 13.7p (2011: 13.4p), following the firm's efforts to reshape the strategic direction of the business. Revenue fell from £1.55m to £1.19m, but this loss was offset by a reduction is sales costs, from £0.38m to £0.24m, and a reduction in other operating expenses, from £0.88m to £0.63m. Basic earnings per share were 13.7p (2011: 13.4p). The company will not be paying a dividend. West Pioneer Properties, a developer and operator of shopping malls, has seen its total income half during the year ended March 31st, from $8.7m to $4.3m, after property revaluation gains fell to nothing from $4.1m the year before. This resulted in a loss before tax of $2.4m compared to a profit of $3.2m the previous year. The firm also blamed the negative impact on its reported NAV, as the currency, in which the company manages its accounts, has continued to depreciate since the year end.NR