News blog
1Spatial
Geospatial data analyser 1Spatial is raising £18m at 6p a share in order to help finance the purchase of 75.14% of Star-Apic and the opening of a sales and support centre in the Middle East.
Advanced Power Components
Advanced Power Components (APC) is buying out the minority shareholders in energy saving technologies supplier Minimise.
Belgravium Technologies
Warehouse data systems services provider Belgravium Technologies says that the current financial year has started slowly.
In-Deed Online
Online conveyancing services provider In-Deed Online says that trading remains challenging.
LZYE Group
Hong Kong-based childrens’ educational services provider LZYE Group is raising up to £3m via a two-year convertible loan note issue.
Chamberlin
Chief executive Tim Hair is stepping down from foundries operator Chamberlin.
XCAP Securities
AIM adviser XCAP Securities has appointed Guy Peters as head of corporate.
Alexander David Securities Group
Alexander David Securities Group is selling the eponymous broking operations to its management and turning itself into a shell.
Eden Research
Natural pesticides developer Eden Research says that the EU has approved the three main active ingredients in its main product.
Advanced Power Components
Increased sales of LED lighting products has boosted revenues at Advanced Power Components (APC) but the profit benefits are only starting to show through.
M Winkworth
London-based residential property agency M Winkworth has signed a master franchise agreement for India.
Starcom
New products will help to accelerate the growth of tracking and security products developer Starcom.
Symphony Environmental Technologies
Symphony Environmental Technologies says that revenues in the first four months of 2013 are already higher than the £2.12m reported for the first half of 2012.
Ilika
Clients of Charles Stanley have invested £709,000 in advanced materials technology developer Ilika at a 15% premium to the previous day’s closing price.
Eleco
Construction software and building products group Eleco reported an ncreased loss in 2012.
African Eagle Resources
African Eagle Resources says that it has been unable to secure financing to develop its Dutwa nickel laterite project in Tanzania.
Quindell investor relations
Quindell Portfolio is out of the size range for Aim Micro but its problems are a good case study for all quoted companies and it is probably even more important for smaller companies.
Volvere
Turnaround specialist Volvere is acquiring certain assets of transport planning and engineering consultancy JMP Consultants.
Tertiary Minerals
Fluorspar explorer Tertiary Minerals still had £792,000 in the bank at the end of March 2013.
Lombard Risk Management
Lombard Risk Management managed to achieve expectations even though the European Banking Authority delayed new regulatory reporting requirements.
Belgravium Technologies
Warehouse data systems services provider Belgravium Technologies is buying Feedback Data from Feedback Group, which will become a shell.
Bullabulling Gold
Australian gold miner Bullabulling Gold says that its initial definitive feasibility study pit optimisation figures show indicative cash costs one-fifth lower than the previous estimate.
Kedco
Renewable energy projects developer Kedco has achieved its 2013 minimum target of doubling the size of its development portfolio to 140MW.
Ten Alps
Information publisher and TV programme producer Ten Alps is selling a business that it inherited when it reversed into Osprey Communications in 2001.
Imaginatik
Innovation software and consultancy provider Imaginatik has gained shareholder approval for the placing raising £1.26m at 0.0625p a share.
Coms
Internet telephony services provider Coms has substantially reduced its loss in the first quarter of the current financial year.
Datong
Surveillance technology developer Datong has agreed a 50p a share cash bid from Seven Technologies.
Silvermere Energy
Trading in the shares in Silvermere Energy has been suspended because it has not been able to secure additional finance.
Sweett Group
Property and infrastructure services provider Sweet Group has fought off the attempts of a former director to return to the board.
Porta Communications
Porta Communications reported revenues of £8.38m in its first full year in its current form and a strengthened balance sheet means that the company has a solid base from which to grow further.
International Mining and Infrastructure Corporation
International Mining and Infrastructure Corporation says that it has arranged $100m of financing for its proposed offer for Afferro Mining Inc.
NetDimensions (Holdings) Ltd
Talent management and learning software provider NetDimensions (Holdings) Ltd is raising £4.09m at 38p a share.
Active Risk Group
Risk management software provider Active Risk Group successfully returned to profit in the second half of the year to March 2013.
Stadium Group
Stephen Phipson has stepped down as chief executive of electronic products and displays manufacturer Stadium Group.
Snoozebox Holdings
Uncertainty over revenue recognition meant that portable modular hotel rooms supplier Snoozebox reported lower than expected revenues for its first full year as a company.
All Asia Asset Capital Ltd
Shares in investment company All Asia Asset Capital Ltd got off to a strong start on their first day on Aim.
TEG Group
Peter Gyllenhammar has been adding shares to his holding in composting and anaerobic digestion plants supplier and operator TEG Group since the 2012 figures were published in the middle of March.
Energetix Group
Peter Richardson has stepped down as chief executive of energy products developer and supplier Energetix Group after fewer than eight months in the job.
Sanderson Group
Enterprise software provider Sanderson Group says that interim revenues will improve from £6.14m to £6.4m.
AdEPT Telecom
Voice and data telecoms services provider AdEPT Telecom will pay a trebled dividend for 2012.
West Pioneer Properties Ltd
Fidelity has sold its 8% stake in Indian shopping centres developer West Pioneer Properties Ltd following the general meeting that agreed to the company leaving Aim.
NetDimensions (Holdings) Ltd
Talent management and learning software provider NetDimensions (Holdings) Ltd has reported a decline in profit in 2012 due to increased investment in sales and marketing.
LiDCO Group
Changes in US distribution arrangements and a lack of licence income held back 2012 revenue growth at patient monitoring devices developer LiDCO Group.
SimiGon Ltd
Training and simulation services provider SimiGon Ltd is successfully diversifying its revenues and made its first significant sales in the oil and gas sector.
Dillistone Group
Recruitment and executive search software provider Dillistone Group had a tough year in 2012 but the positive outlook is indicated by the first increase in the dividend since 2008.
Croma Security Solutions Group
Security services provider Croma Security Solutions Group says that revenues will be slightly lower than expected in the year to June 2013 and profit will be much lower due to additional investment.
Coms
Internet telephony services provider Coms has secured a contract that will generate more revenues than the company has reported in the whole of its history.
Chamberlin
Castings supplier Chamberlin says that it will meet profit expectations of £1.3m for 2012-13.
CEPS
A disappointing performance from the Sunline direct mail business hit the 2012 profit of CEPS.
Astar Minerals
Astar Minerals has completed the sale of its Canadian quarry operations for a nominal sum and become a shell.
Ascent Resources
Ascent Resources has sold its 48.66% interest in PetroHungaria for €450,000 in cash.
Biome Technologies
Bioplastics and RF products supplier Biome Technologies says that revenues will be second half weighted.
Advanced Power Components
Energy efficiency products and electronic components supplier Advanced Power Components has won new contracts with a retailer and a transport infrastructure company.
Goldplat
Gold recovery and exploration company Goldplat has sold a 11% stake in its core South African gold recovery business for £2.1m.
Vmoto Ltd
Electric scooter supplier Vmoto Ltd has signed a joint venture agreement with Riba in Brazil.
Hightex Group
Facades and roof systems supplier Hightex Group has reduced its loss following a strong second half.
DekelOil
Cyprus-registered DekelOil says that construction of the crude palm oil extraction mill in Côte d’Ivoire has commenced and it should be completed by the end of 2013.
Sorbic International
Sorbic acid and potassium sorbate producer Sorbic International has agreed around £5m of compensation from the Chinese authorities for moving its Inner Mongolian plant due to the re-zoning of land.
One Delta
One Delta has gained shareholder approval to complete the restructuring of the ownership of the eponymous recycled plastic products supplier and turning itself back into a shell.
Ilika
Materials technology developer Ilika has some good news for a change.
Sweett Group
Trading continues to improve at property and infrastructure services provider Sweett Group and the order book is 12% higher, year-on-year.
Edenville Energy
Coal explorer Edenville Energy has started the scoping study at the Namwele coal deposit in the Rukwa coalfield in Tanzania.
Connemara Mining Company
Ireland-focused zinc explorer Connemara Mining Company has raised £315,000 at 5p a share in order to finance further exploration.
Ferrex
Africa-focused explorer Ferrex intends to start drilling at the Mebaga iron ore project in northern Gabon.
Bglobal
Smart meters installer Bglobal admits that it will make a loss in the year to March 2013 and smart meter installations continue to be delayed.
Bezant Resources
Gold and copper explorer Bezant Resources has delayed its 8p a share distribution because the general meeting that voted it through was inquorate.
21st Century Technology
Peter Gyllenhammar has sold a further 1m shares in 21st Century Technology.
Private & Commercial Finance
Bermuda National has taken its stake in finance provider Private & Commercial Finance Group to 29.4%.
Surgical Innovations
Surgical instruments manufacturer Surgical Innovations found 2012 tough and its profit slipped but in 2013 the company should start to move forward again thanks to its investment in product development.
One Media IP
One Media IP Group has switched from ISDX to Aim.
Cambridge Cognition
Shares in computerised neuropsychological tests developer Cambridge Cognition Holdings went to a 14% premium at the end of the first day’s trading.
Public Service Properties Investments
Care home properties investor Public Service Properties Investments has reported a near-halved NAV but the shares are still trading at a 53% discount to that NAV.
Bullabulling Gold
The fall in the gold price came at a bad time for Bullabulling Gold and barely more than one-quarter of the shares in its open offer.
600 Group
Machine tools and laser marking equipment supplier 600 Group is on course to return to profit in the year to March 2013 as the rate of revenue growth has increased.
Edge Resources Inc
Oil and gas explorer Edge Resources Inc says that the first vertical well on its Asset East property has reached a production rate of more than 90 barrels of oil per day.
VSA Capital
Aim adviser VSA Capital Group has gained shareholder approval for leaving Aim, although this was only just achieved.
Ilika
Materials technology developer Ilika says that delays with three contracts will lead to a 45% decline in revenues in the year to April 2013.
China Africa Resources
China Africa Resources has announced a maiden JORC resource for the Berg Aukas zinc/lead project in Northern Namibia.
Green Compliance
Green Compliance says that trading has picked up in the first few months of the year and it has secured its new banking facility.
Imaginatik
Innovation software and consultancy provider Imaginatik has decided to stay on Aim.
Black Mountain Resources Ltd
Silver explorer Black Mountain Resources Ltd is at the final stages of completing debt/offtake financing arrangements for production from the New Departure silver project in Montana.
Coral Products
Injection moulded plastic media and food packaging supplier Coral Products says that weak trading has continued and its figures for the year to April 2013 will be well below expectations.
Thalassa Holdings Ltd
Oilfield services provider Thalassa Holdings Ltd has raised £5.4m from a placing at 120p a share with institutional investors.
Ascent Resources
Oil and gas explorer Ascent Resources is raising £5.5m and giving existing shareholders the chance to contribute through an open offer.
Speymill
Speymill says that it will have to make a £3.69m write-down on the value of its German properties and it is reviewing new business opportunities.
Work Group
Recruitment services provider Work Group has written down its goodwill by £7.9m and is considering selling all or part of its business.
Cambridge Cognition
Cambridge Cognition will join Aim on 18 April following a £5m placing at 70p a share.
Accumuli
IT security services provider Accumuli says that it will be declaring a maiden dividend with its full year results.
Noventa Ltd
Noventa Ltd has come to an agreement with its lenders and it will become a shell.
TEG Group
Peter Gyllenhammar continues to increase his stake in composting and anaerobic digestion plants supplier and operator TEG Group and he has taken it to 10.9%.
Akers Biosciences Inc
Akers Diagnostics Inc has received an order for 1.4m CHUBE-branded disposable breath alcohol detectors from its distributor Chubeworkx Guernsey for the French market.
GETECH Group
A strong interim performance by geological information and services provider GETECH Group has led to house broker WH Ireland upgrading its full year profit forecast.
Driver Group
Shares in construction consultancy Driver Group rose 13% to 92.5p a share on the back of another positive trading statement.
Tricorn Group
Engineer Tricorn Group is on course to report a profit of £1.4m in the year to March 2013.
Sutton Harbour Holdings
Marina and ports operator and property developer Sutton Harbour Holdings says that last year’s trading was in line with expectations but house broker Arden has cut its profit forecast for the year to March 2014.
Swallowfield
More board changes at personal care and household products supplier Swallowfield with Stephen Boyd stepping down as chairman 16 months after his appointment.
William Sinclair
Horticultural products supplier William Sinclair says poor weather has hit demand for its products but it believes there is significant pent up demand.
Cluff Natural Resources
Anna Obolenskaya has left Cluff Natural Resources just over 11 weeks after joining the board as finance director.
Healthcare Investment Opportunities
Shares in new shell Healthcare Investment Opportunities ended the first day’s trading at a 12.5% premium.
Software Radio Technology
AIS marine positional technology developer Software Radio Technology says that it made a pre-amortisation profit of £1.5m in the year to March 2013.
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