Small cap news round-up
Electric Word
Specialist information business Electric Word posted its audited results for the year to 30 November on Tuesday, with group profit for the year of £9.2m- swinging from a £2.3m loss - including a £10.7m profit from discontinued operations.
The AIM-traded firm reported £13.9m net cash inflows from disposals, leaving the group with £13.0m net cash at year-end.
Sylvania Platinum
Sylvania Platinum posted its interim financial results for the six months to 31 December on Tuesday, with group EBITDA has increasing to $9.22m from $3.61m in the first half of the prior year.
The AIM-traded company said net profit increased to $4.52m from $0.28m and revenue improved 32% to $24.55m.
LiDCO Group
Cardiovascular monitoring company LiDCO Group provided a trading update for the full year to 31 January on Tuesday, with product revenues in the period expected to be up 14% to £6.76m, with total revenues - including third party products - expected to be up by 8% to £8.21m.
The AIM-traded firm said overall, it saw strong demand for monitors with 186 units being sold - up from 103 units - and continued growth of smartcards up 17% to 46,580 units.
Veltyco Group
Online gaming, lottery and financial trading marketing company Veltyco Group provided a trading update for the year to 31 December on Tuesday.
The AIM-traded firm said that, further to the update it gave on 13 December, it could confirm that trading in December continued to be strong.
SRT Marine Systems
AIM-listed SRT Marine Systems has received and shipped an order for 1500 basic I100 Identifier VMS AIS Transceivers with SAT-Trak technology that will be deployed in Africa.
These were for the tracking and identification of small fishing vessels as part of a government supported programme.
Collagen Solutions
Collagen Solutions announces a placing and open offer to raise up to £8m, and a conditional commitment from Norgine Ventures to subscribe for £4m in secured private bonds with warrants.
AIM-quoted Collagen said the placing and open offer were subject to shareholder approval.
RWS Holdings
Intellectual property support provider RWS Holdings is to buy Luz, a San Francisco-based life sciences language service provider, for $82.5m, in order to increase its presence in the US.
The company believes that Luz will strengthen its position in the life sciences market as it adds complementary regulatory and medical device specialisms and that it would increase its footprint in the US.
Keras Resources
Shares in Keras Resources are up more than 5% after it announced an initial inferred mineral resource (IMR) at the Copenhagen Deposit.
This deposit, along with Keras' flagship Klondyke Gold Project, comprised the Warrawoona Gold Project in the East Pilbara Gold Belt of the Pilbara Goldfield of Western Australia.
BlueRock Diamonds
Shares in BlueRock Diamonds are up more than 5% thanks to a well-received update on operations at Kareevlei, its licence area in the Northern Cape of South Africa.
The licence area contained five known kimberlite pipes.
Getech Group
Shares rose in Getech Group, a provider of natural resources exploration data, as it announced it has won a contract from the Oil and Gas Authority (OGA) for a petroleum system related study of the UK continental shelf's South West Approaches region.
The contract win comes on the heels of the publication of the Wood Report for Oil and Gas which said that the government and the oil and gas industry should have a current and easily accessible digital record of the geology and prospectivity of the continental shelf region, and so the 21st Century Roadmap Technical Advisory Committee was set-up to support this and promote investment in the frontier regions.
Horizon Discovery
Gene editing technology company Horizon Discovery has teamed up with a global pharmaceutical to support its drug discovery developments as it aims to increase revenue in 2017.
The AIM-listed company penned a master service agreement with the pharmaceuticals adding to its original agreement to include Horizon's in vitro services, defining the pricing and terms and entry into future deals.