Small caps round-up Watford Leisure, Igas, S&U

11th Feb 2011 09:47

The identity of possible buyers of Watford Leisure, the company behind the football club Watford FC, has been revealed.Thomas Panagiotis and Laurence Bassini issued a statement this morning saying they are considering making an offer for the group.Shares in Igas Energy cooled after the company announced a placing of 27.5m shares at 75p each, 6p below the mid-market closing price of the shares on the day before the fund raising was announced.The newly placed shares will increase the number of shares in issue by about 29.5%. The £20.62m raised from the placing.S&U, the home credit and motor finance provider, has traded in line with expectations over the last two months, and expects to pay a final dividend of not less than 15p in respect of the year ending 31 January 2011. Group borrowings have been reduced by nearly £5m since the end of 2009 and gearing is now down to less than 50% from 72% two years ago.