Tuesday tips round-up: Cobham, Vernalis, Immunodiagnostic Systems
13th Apr 2010 06:01
Cobham trades on a surprisingly thin multiple of 11.6 times Evolution's forecasts for 2010. That falls to 10.8 times on the numbers for 2011, suggesting that the market may be pricing in too much disappointment while at the same time overlooking the potential for growth. The Independent said buy in
Read moreSmall caps round-up: Beowulf, E2V, Mobile Doctors...
1st Mar 2010 11:04
Beowulf, owner of several exploration projects in Sweden, continues to believe in the commercial prospects for its asset portfolio which has increased in both quantity and quality as well as resource type. Losses grew to £520,000 in 2009 from £399,000 the year before, but it says future price tren
Read moreSmall cap round-up: Caretech, Cohort, Eckoh...
9th Dec 2009 15:06
Specialised care home operator Caretech's revenue grew by 23% to £83.4m (2008: £67.7m) while profit before tax rose by 45% to £15.3m (2008: £10.5m). The dividend for the year rises by 25% to 4.7p. "The pressures on public spending are well documented and will inevitably result in local authorities
Read moreSVG and Gartmore rescue Redstone
17th Sep 2009 07:55
Redstone, the heavily indebted IT and telecoms group, has secured up to £6m in new funding and renegotiated some of its debt facilities. The group has raised £6m through the issue of a loan note to SVG Investment Managers and Gartmore Investment. The issue will be in two tranches of £3m, with the p
Read moreRedstone in talks on Eckoh loan
8th Sep 2009 10:55
Heavily indebted IT and telecoms group Redstone has downgraded earnings guidance for the year to end-March 2009 after a number of adjustments coming to light in the post balance sheet review period. The company now expects adjusted earnings before interest, tax, depreciation and amortisation for th
Read moreJames Crosby buys Misys shares
27th Aug 2009 16:37
Sir James Crosby, the newly appointed non-executive director of Misys, has bought £99,144 worth of shares in the financial services and healthcare software provider. Crosby, who joined the board in January from HBOS where he was chief executive from 2001 to 2006, acquired 53,912 shares at 183.90p e
Read moreExperian non-exec sells
12th Aug 2009 16:13
Fabiola Arredondo, a non-executive director of Experian, has sold £350,000 worth of shares in the credit checker. Arredondo, who was appointed to the board on 1 January 2007, sold 70,000 ordinary shares at a price of 500.0179p each. Experian announced last month that a slump in the UK and Irelan
Read moreMonday newspaper round-up: Rio Tinto, Lloyds Banking, Resolution
10th Aug 2009 06:10
China has accused Rio Tinto of spying on its steel industry for six years, costing the country Rmb700bn ($102bn) in excessive charges for iron ore. The remarks, contained in an editorial in the magazine of the National Administration for the Protection of State Secrets, indicate that Beijing's det
Read moreSmall caps round-up: Eckoh, Shed Media, Warner Estate...
31st Jul 2009 09:54
Shares in Eckoh jumped 13% after the speech recognition specialist announced a contract worth at least £1.5m to provide its services to a major government transport organisation for five years. Shed Media is performing better than last year despite tougher economic conditions, the company behind TV
Read moreEckoh on track to grow revenue, profits
15th Jun 2009 07:55
Speech recognition specialist Eckoh reported a 25% drop in full-year revenues but said it is still on track to grow revenues and profitability in 2009/2010. Revenue dropped to £19.1m in the year ended 31 March from £25.6m, though gross profit was slightly higher at £6.2m compared with £6.0m last ti
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