Friday broker round-up UPDATE
7th Feb 2014 09:30
Acal: N+1 Singer initiates with a target price of 380p and a buy recommendation. AstraZeneca: Societe Generale ups target price from 3030p to 3126p, but still recommends selling. Barratt Developments: Deutsche Bank raises target price from 394p to 480p keeping a buy recommendation. Beazley: Canac
Read moreBroker snap: Singer slaps 'buy' on Acal after upbeat update
7th Feb 2014 09:29
Singer initiated coverage on specialist electronics supplier Acal with a 'buy' rating and a price target of 380p. The company on Friday revealed that the pick-up in orders it reported at the half-year stage had continued into its second half and that overall trading remains in line with expectatio
Read moreAcal's first half profits rise as electronic orders grow
29th Nov 2013 13:50
European specialist electronics supplier Acal reported a 17 per cent rise in first half underlying pre-tax profit of 3.4m pounds as orders for its products grew. In the six months through September, revenue was up 3% to £113.4m driven by a 4% increase in like-for-like electronic orders, which accou
Read moreSecond half trading picks up at Acal
4th Jun 2013 07:48
Electronics company Acal booked lower half year results, in challenging markets, but noted a significant improvement in the second half as orders picked up. Underlying pre-tax profit fell 6% to £6.3m for the year ended March 31st 2013 while revenue slipped 5%, on a constant currency basis, to £219
Read moreAcal puts positive spin on weak interims
30th Nov 2012 10:20
Electronics company Acal has delivered weak interims although it does expect sales growth in the second half and has maintained its interim dividend of 2.5p per share. For the six months ended September 30th, revenues fell by 17.9% to £109.8m (September 30th 2011: £133.7m) with pre-tax profits plum
Read moreAcal reports good progress
2nd Feb 2012 14:11
Acal, the European specialist provider of technology products and services, has reported good progress throughout the half year in its Electronics division, which accounts for around 90% of group profitability. The firm's gross profit has grown by 4% year-on-year, driven by further growth in gross
Read moreSmall caps round-up: ACAL, Ceres Power, Digital Barriers
1st Jun 2011 18:20
ACAL, the European specialist provider of technology products and services, swung back into the black in the year to 31 March, with a pre-tax profit of £1.9m on revenue of £265m. The year before it had made a loss of £6.3m on revenue of £182m. Underlying profit before tax advanced to £7.1m from a
Read moreElectronics division boosts Acal sales
19th Apr 2011 13:08
Acal expects its full year results to be ahead of previous expectations, helped by a strong end to the year for its core Electronics division. The technology product firm's Electronic division accounts for 78% of group sales and reported a like-for-like (LfL) sales increase of 21% in the fourth qua
Read moreSmall caps round-up: Acal, Avation, Lonrho...
3rd Feb 2011 11:00
European technology group Acal's like-for-like sales have increased by 17% since September, driven by strong growth in its core electronics division. "Assuming no deterioration from current levels, we expect full year results to be ahead of our previous expectations," the group said. Profits at
Read moreSmall caps round-up: Acal, Dechra, KBC Advanced Tech...
12th Jan 2011 12:11
Technology specialist Acal has bought German communication and fibre optic component provider CompoTRON for up to £7.1m. An initial cash consideration of £5.7m will be followed by another £1.4m in January 2013, subject to the company meeting performance targets. CompoTRON made £0.8m in 2009. Veter
Read moreTuesday tips round-up: British Airways, African Barrick, Phoenix IT...
30th Nov 2010 06:42
There is one undeniable reason to hold British Airways shares. Investors are entitled to a 10% discount on its fares, and this perk is being maintained and even extended to Iberia routes once the two are formally merged in the new year. The shares, at 265p, now sell on less than ten times the next
Read moreSmall caps round-up: Northacre, Lipoxen, Acal ...
29th Nov 2010 14:36
Property developer Northacre said the residential property sector is still suffering from a shortage in bank finance which is limiting the pipeline of new development opportunities. The company narrowed its loss before taxation in the six months ended 31 August to £1.26m from £1.98m at the interim
Read moreARM directors take advantage of strong share price
3rd Aug 2010 16:39
Chip designer ARM's chief executive and finance director have both sold shares following a 143% increase in the share price over the past year. Chief executive Warren East sold 140,000 shares at 321.03p each, which raised just over £449,000. East joined ARM in 1994 and he has been chief executive
Read moreUK SMALLCAP ROUNDUP: Surf's Up For Plantic Technology
29th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps PLANTIC TECHNOLOGIES LTD. (PLNT.LN), a maker of biodegradable packaging for food, Thursday said it agreed terms for a takeover offer from the founder of
Read moreSmall caps round-up: Plantic Technologies, Acal, Anglesey
29th Jul 2010 12:51
Shares in Plantic Technologies soared more than 50% after the biodegradeable plastics outfit agreed an 8p per share offer from a company controlled by Gordon Merchant, one of its directors. Acal, which provides technology products and services across Europe and South Africa, said underlying sales
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