Small caps round-up: Parity, Huveaux, 32Red

Related Companies

Related Indices

Related Sectors

News for Spread Betters

PreviousPrevious
NextNext

There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

Get full details about Marketmaker:Investor Edition here. Advertisement

Date: Wednesday 23 Jul 2008

LONDON (ShareCast) - IT staffing group Parity has announced the disposal of Parity Training Limited to Xpertise for £4.775m.The group said proceeds of the disposal will be used to reduce its borrowings, further strengthening its financial position going forward.

Parity said its remaining divisions, Resources and Solutions, have traded in line with management's expectations. “Improvement in working capital has been, and will remain, a high priority. At the end of June 2008 net debt was significantly lower than expectations and lower than at the end of 2007,” it said.

Specialist publisher Huveaux narrowed pre-tax losses in the six months ended 30 June and said it is cautiously optimistic as regards to the full year outcome. Pre-tax losses came to £0.9m compared with a loss of £1.5m last time. Revenue was flat at £21.7m, while revenue from retained business, excluding the sold French Healthcare and Epic businesses, rose 7% to £13.3m.

Online casino operator 32Red reported a 26% rise in half year gaming revenues to £6.6m and said its 32Red Casino flagship operation has flourished.
Casino revenues rose 31% in the six months ended 30 June to £6m, with 12,283 active casino players in the period, up 13.5% compared with last year.

Renewable Energy Generation's trading in the year ended 30 June was in line with expectations and the board continues to see significant potential across the business in the current year.

There were midweek gains for Uranium Resources after its joint venture partner, Western Metals, revealed high grade uranium mineralisation at their Tanzanian projects. “We aim to aggressively progress our exploration activities in Tanzania into 2009 and hope to see further positive indicators as the programme continues,” said Uranium Resources director James Pratt.

Investors liked the numbers at Vantis, helping the accountancy and professional services outfit improve. Underlying profit jumped 8% to £14.9m on revenue 7.5% higher at £94.3m. “We are well positioned for the future as our business advisory, tax and business recovery divisions provide a mix of higher margin activities with defensive qualities in these more challenging market conditions,” said chairman Paul Gourmand.

A drop in oil prices below $126 a barrel hurt Russia-based exploration and production firm Urals Energy. News that testing of appraisal well #105 at the Dulisma field in Siberia showed a flow rate of 1,280 barrels of oil per day (bopd) failed to help. The well is now producing and contributing to total production of 6,500 bopd.

Shares in Seeing Machines jumped after the computer based imaging software systems firm said it expects to report a net profit for the first time in the year to June 2008.

Digital Look have been voted
"Best Research and Information Provider"

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).