System C agrees 70p a share bid
3rd Mar 2011 22:06
US-based McKesson Corporation is making a recommended offer of 70p a share in cash for healthcare IT provider System C Healthcare. The shares were trading at 46.5p prior to the announcement of bid talks. The bid values AIM-quoted System C at £87m. System C has net cash of £15.7m. Shareholders on th
Read moreThursday tips round-up: Renishaw, RSA, Cookson
27th Jan 2011 06:31
Niche engineer Renishaw's halfway statement to January 26 yesterday was full of superlatives. First-half revenues were 26% higher than their previous high point and pre-tax profits were 132% higher. Numis Securities calculates £72.2m in profits this year against less than £30m last time, which puts
Read moreSmall caps round-up: Patagonia Gold, Charles Stanley, Jubilee Platinum...
26th Jan 2011 11:34
Patagonia Gold has risen on news that final results from the recently completed drill campaign on the COSE project in Argentina have revealed more "exceptionally high grade" gold and silver. A potential new mineralised vein has also been discovered at Cap-Oeste with drill-hole CO-166-D which inters
Read moreSystem C's revenue jumps 75%
27th Sep 2010 13:53
Soaring revenues drove profits higher at health and social care group System C Healthcare in the year ended 31 May. Revenue jumped 75% to £38.1m, up from £21.9m the previous year. This was driven primarily by recent product acquisitions, including the purchase of Liquidlogic, a provider of IT solut
Read moreBroker tips: Next, Gable, System C
16th Sep 2010 13:32
It's been a busy morning for retailers and Nomura Securities is sticking with the programme with an appreciation of recent results from fashion retailer Next. "Next first-half results had it all for the bulls. Confidence in product, a pipeline of profitable/high return on invested capital space, ac
Read moreBroker snap: NHS changes hit System C
16th Sep 2010 13:12
Daniel Stewart has lowered its full year revenue outlook for System C Healthcare after the company reported on Wednesday that the fast pace of structural change within the NHS has resulted in a sharp downturn in demand for its services. The broker is now projecting revenue for the year to May 2011
Read moreUK SMALLCAP ROUNDUP: GMA Resources Rises On Equity Talks
15th Jun 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 GMA RESOURCES PLC (GMA.LN), a gold miner, Tuesday said it is in talks with a potential provider of new equity capital. The company said it expects to
Read moreUK SMALLCAP ROUNDUP: NewRiver Retail Eyes Maiden Dividend
15th Jun 2010 12:30
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 NEWRIVER RETAIL LTD. (NRR.LN), a retail property group, said it hopes to declare its maiden dividend in the next 12 months. "I would be disappointed
Read moreSmall caps round-up: Sopheon, Hargreaves Services, Global Energy,...
15th Jun 2010 10:10
Hargreaves Services, which provides support services to the energy sector, said overall results are expected to be in line with management expectations. "The board remain confident about the prospects for the group. The board is particularly excited by the prospects of the Tower project and please
Read moreSystem C Sees FY10 Revenue Up 75% On Yr But Spending Cuts Risk
15th Jun 2010 09:33
LONDON (Dow Jones)--System C Healthcare PLC (SYS.LN) Tuesday said it expects 2010 fiscal-year revenue to jump 75% on the year but revenue in the short-term is at risk from U.K. government spending cuts. The provider of specialist IT products and services to the health and social care sectors sai
Read moreLondon close: Footsie weakness continues
27th Jan 2010 17:00
Shares continued their weak run of recent days, with the FTSE 100 ending the day deep in the red. Mining stocks fell on enduring concerns that the Chinese authorities will introduce further measures aimed at cooling down the country's overheating economy. Xstrata, Fresnillo and Anglo American are t
Read moreLondon afternoon: Stocks stuck in reverse
27th Jan 2010 13:38
London's attempts at a rally fizzled out over the lunch time session though the Footsie is trying once more at the mid-afternoon point to climb the mountain. Mining stocks continue to impede the blue-chip index's progress, however, on enduring concerns that the Chinese authorities will introduce f
Read moreLondon midday: Miners pull blue chips lower
27th Jan 2010 12:02
Footsie is trying to rally after an early sell-off on fears that China is planning fiscal measures to cool growth. Mining stocks once again feature prominently among the laggards, with Xstrata, Fresnillo and Anglo American the worst hit. Mining giant Vedanta Resources is also lower despite seeing
Read moreSystem C Healthcare profit bounces 49%
27th Jan 2010 07:56
Shares in System C Healthcare rose over 2% after it reported a 49% increase in first half pre-tax profit and said it expects full year profit to be in line with market forecasts. The group, which provides information solutions and services to the UK health and social care sectors, said pre-tax prof
Read moreLondon close: Banks boost Footsie late
11th Jun 2009 16:33
London rallied strongly late on, helped by gains for banks, which outweighed profit taking among the big mining stocks and weakness among oil users as the price of crude rose again. Speculation is growing about the timing of the government's withdrawal from ownership of large stakes in Royal Bank
Read more