Sutton Harbour completes airline sale
1st Dec 2010 23:17
Property developer and port operator Sutton Harbour Holdings has completed the sale of its airline Air Southwest for a total loss of £7.3m. Eastern International Airlines is paying £1.5m for the airline but there will be an adjustment for unflown ticket revenues and working capital of £2.8m. That
Read moreCrystal Amber held back by JJB
13th Sep 2010 16:46
AIM-quoted activist investment company Crystal Amber Fund Ltd made gains on a number of stakes in the year to June 2010 but a poor performance from JJB Sports has held back Crystal's NAV. The NAV was 115.5p a share at the end of June 2010, barely 1% higher than one year before. The share price is
Read moreAirline disposal loss for Sutton Harbour
14th Jul 2010 13:01
Sutton Harbour says it expects to make "a significant loss" on the disposal of Air Southwest. The marine and property group announced in May that it was selling loss-making Air Southwest and it has talked to several purchasers. The talks appear to be taking longer than the company would have hoped
Read moreSutton Harbour Sees Significant Loss From Air Southwest Disposal
14th Jul 2010 12:14
Sutton Harbour Holdings PLC (SUH-GB), a company which specializes in infrastructure and regeneration activities operating primarily in the South West of England, said today that it is expected that a significant loss will be incurred on disposal of Air Southwest which will be treated as a discontinu
Read moreCrystal increases Sutton Harbour stake to 10%
15th Jun 2010 10:28
Crystal Amber Fund has increased its stake in fellow AIM-quoted firm Sutton Harbour, which is trying to sell its airline business, to more than 10%. Investment company Crystal Amber has taken its stake in the property regeneration and harbour operating business from 9.12% to 10.03%. Sutton Harb
Read moreSmall caps round-up: Shed Media, Sutton Harbour, Intelek........
7th Apr 2010 16:16
TV programme producer Shed Media reported flat underlying profits of £12m in 2009. This does not include £409,000 of restructuring costs related to board changes and a failed management buyout. This cost figure also includes launch costs for Shed Media US. Selling formats and the back catalogue stil
Read moreSmall caps round-up: Theo Fennell, Anglesey Mining, Tanfield...
1st Apr 2010 14:11
Upmarket jeweller Theo Fennell has raised £1.5m through a placing of 3.95m new shares at 38p. Fenell's largest institutional shareholders are supporting this fundraising alongside chief executive Barbara Snoad, chairman Rupert Hambro, and non-exec Roger Pedder, who together subscribed for a total o
Read moreCrystal buys more of Sutton Harbour
1st Mar 2010 16:51
Activist investor Crystal Amber Fund appears to have bought the Universities Superannuation Scheme Ltd stake in AIM-quoted Sutton Harbour. Crystal Amber has acquired the exact number of shares that the Universities Superannuation Scheme has previously been said to own. That takes its stake in the p
Read moreCrystal Amber takes Sutton Harbour stake
1st Mar 2010 12:54
Activist investor Crystal Amber Fund has increased its stake in AIM-quoted Sutton Harbour to 5.08%. AIM-quoted Crystal Amber bought exactly 2.1m shares in the port operator, property developer and airline company on 25 February. Standard Life sold its stake of just over 2.1m shares on the same day
Read moreSmall caps round-up: SDI Group, First Property, Beowulf...
30th Nov 2009 07:37
SDI swung into the black at the half-way stage, although the automated warehousing systems firm said the outlook remains "tough". There was a profit of £305,000 in the six months to 30 September versus a loss of £2.6m in the half year to 31 May 2008 (the year end has now moved from November to Marc
Read moreSutton Harbour hit by property slump
2nd Jun 2009 11:07
Sutton Harbour, which operates marinas, Plymouth Airport and the airline Air Southwest, fell heavily into losses in the year to March 31 amid fair value adjustments to its property portfolio and tough trading conditions in the transport sector. The firm reported a pre-tax loss of £3.5m in the year
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