SMALL CAPS
20 Jan
Seeing Machines raises £1.4m in Australian and overseas offer
edgar test 10

Technology company Seeing Machines announced on Friday that, further to its announcement on 13 December, valid acceptances of the Australian and overseas offers had been received in respect of £1. 4m, through the issue of 35,695,382 new ordinary shares at a price of 4p apiece.

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20 Jan
Small caps news round-up

Elecosoft posted a trading statement for the year to 31 December on Friday, claiming that based on unaudited management accounts, the board expects profit before tax will be significantly ahead of market expectations. The AIM-traded company did add that was before costs associated with the acquisition of Integrated Computing and Office Networking were taken into account.

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20 Jan
Elecosoft anticipating bumper profit for 2016
Money coins pound

Elecosoft posted a trading statement for the year to 31 December on Friday, claiming that based on unaudited management accounts, the board expects profit before tax will be significantly ahead of market expectations.

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20 Jan
Sterling Energy appoints chairman, two directors
meeting, takeover, talks, bid, merger, acquisition

Oil and gas exploration company Sterling Energy has named Michael Kroupeev as non-executive chairman, with immediate effect.

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20 Jan
Golden Saint makes good progress at Baja and Tongo
money pound cash

West Africa-focused diamond and gold exploration company Golden Saint Resources provided the market with operational updates on Friday, relating to two of its exploration licence areas in Sierra Leone - Baja and Tongo.

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20 Jan
Character Group warns H1 results will be lower, but remains confident for the full year
Peppa Pig Entertainment One TV Children Cartoon

Toy company Character Group, which brands include Peppa Pig, Fireman Sam and Scooby Doo, warned that results for the first of 2017 would be lower than last year due to steps taken to act against the low gross margin after the fall in sterling, while it is also developing a range of new products.

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20 Jan
Tracsis issues 24k shares to employees
libra, esterlina, divisa, moneda, reino unido pound currency

Tracsis confirmed on Friday that, following the receipt of a notice of exercise of employee options, it has issued 24,428 ordinary shares of 0. 4p each.

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20 Jan
Servoca buys back 100k shares
money

Specialist outsourcing and recruitment solutions provider Servoca announced on Friday that on 18 January, it bought back 100,000 ordinary shares of 1p each in the capital of the group at a price of 22p per share.

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20 Jan
Biome Technologies revenue falls slightly in 2016
cash money sterling pound

Biome Technologies issued its pre-close trading statement for the financial year to 31 December 2016 on Friday, reporting group revenues of £4. 6m, slightly behind the 2015 revenues of £4. 9m.

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20 Jan
Avacta expects licensing deal for therapeutics product in 2017, order book swells
pharmaceuticals, drugs, lab

Life science firm Avacta expects to have its first licensing deal for Affirmer, its biotherapeutics product, this year as its order book swelled.

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20 Jan
MySale's half-year earnings double as customer base expands

Australian online retailer MySale Group’s half-year earnings doubled after a surge in revenues as its company base expanded.

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20 Jan
Abzena signs licensing agreement for 'ThioBridge' technology
Astrazeneca

Life sciences group Abzena announced on Friday that it has signed a licensing agreement with an unnamed San Diego-based biopharmaceutical company for its site-specific ‘ThioBridge’ antibody drug conjugate linker technology.

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20 Jan
Elecosoft's pre-tax to be 'significantly' ahead of expectations after record sales
computer chip technology computers

Shares surged in Elecosoft after the construction software company said that it expects pre-tax profit to be “significantly” ahead of expectations after achieving record sales during 2016 and benefiting from movements in currency exchange rates.

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20 Jan
BrainJuicer performs 'strongly' after two years of 'modest' growth
Money pound sterling magnifying glass

Marketing firm BrainJuicer said that it performed “strongly” during 2016 after two years of “modest” growth, as profit increased.

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20 Jan
Midatech Pharma expects a rise in full-year revenue
Drugs, pharmaceuticals, medical

Shares soared in Midatech after the oncology pharmaceuticals firm said it has the potential to deliver double-digit growth in 2017 and expects to report a significant increase in revenue for 2016.

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20 Jan
Pacific Industrial & Logistics REIT buys Chesterfield site for £5m
handshake

Pacific Industrial & Logistics Real Estate Investment Trust has bought a site at an industrial park in Chesterfield, from Tangerine Confectionary, the owner of Butterkist, Sherbert Fountain and Dip Dab sweet brands, for £4. 8m.

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20 Jan
Bonmarche third-quarter sales up, reiterates FY profit expectations
Bonmarche

Clothing retailer Bonmarche reiterated its full-year profit expectations on Friday as it reported a rise in third-quarter sales.

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19 Jan
Small cap round up

Digital media firm RhythmOne has bought Perk, a Canada-based mobile-first rewards and engagement platform, for $42. 5m in order to strengthen its scale. The AIM-listed company announced that it closed the deal on Thursday, after it agreed to buy Perk’s issued outstanding common and class A shares and certain employee options.

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19 Jan
Immunodiagnostic Systems Holdings appoints new CEO
doctors, medical, hospital, health, Glaxosmithkline

Immunodiagnostic Systems Holdings (IDS), an AIM listed specialist producer of manual and automated diagnostic testing kits and instruments for the clinical market, has announced that its chief executive Patricio Lacalle will step down for personal reasons from 31 March 2017.

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19 Jan
Amedeo Resources acquires small stake in Iranian mining firm
Copper

Amedeo Resources announced on Thursday that it has acquired a 2. 5% stake in Ganjine Kani Company for $0. 5m, a copper mining company close to the city of Mashhad in Iran.

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