Friday April 18, 05:54 PM
Small caps round-up: Toledo Mining, Deltex, Adili
LONDON (ShareCast) - Toledo Mining (LSE: TMC.L - news) has seen nickel production in the Philippines and transportation of the metal
to Australia and China hampered by heavy rains again.The company said around 165,000 tonnes of ore was mined at its Berong and Ipilan mines in the quarter to March, with excessive weather conditions caused by the La Nina weather phenomenon curbing output. Shipments to Australia and China have been slowed by wet weather and sea swells, Toledo added, with 203,000 tonnes still stockpiled at the coast awaiting shipment. Toledo reported similar problems for the last quarter of 2007. Blood volume monitoring company Deltex said today it has secured £2m to fund expansion into the US and Germany. It (Frankfurt: A0MLX5 - news) has received undertakings from Nexus Medical Partners to subscribe for 3,030,303 shares at 22p a share and from Nexus (Xetra: 522090 - news) ' German affiliate Medicis Capital Partners to subscribe for 3,469,388 shares at 24.5p each. Nexus has also agreed to lend Deltex's US subsidiary £260,000, while Medicis will lend Deltex £150,000. "This new funding package is on terms designed to attract us to develop our US and German operations and allows us to push forward more quickly with our focused expansion plans," Deltex chief executive Andy Hill said. Online ethical fashion retailer Adili (LSE: ADIL.L - news) expects a pre-tax loss of about £1.4m for the year ended 30 April, which is £0.4m below forecasts, partly accounted for by a reduction in gross margin. Sales for the year are expected to have grown to around £365,000, which is broadly in line with market forecasts. Sales in the second half of the year are expected to be up by in excess of 250% on those for the same period in 2007. Escrow software specialist NCC (Stockholm: NCCB.ST - news) said its overall trading performance continues to be in line with expectations, adding that the integration of its Netherlands-based Escrow Europe unit is progressing well. Revenues grew by 42% for the period from 1 December to 17 April, which represents an increase of 17% on a like for like basis, excluding the recently acquired businesses. Embattled fantasy war-games company Games Workshop said trading in the four months to 6 April has been broadly in line with the board's expectations. Marketing services firm Cagney (LSE: CGNY.L - news) said it is not aware of any reason for the recent share price movements, adding that the year has started well. Aussie soil treatment firm Virotec posted full-year revenue of $3.52m and a pre-tax loss of $13.4m and said talks on a possible takeover offer from Hydrodec are progressing at a 'good pace'. AIM-listed Gasol (LSE: GAS.L - news) requested its share be temporarily suspended after its shares jumped. The group said, as announced in previous statements, it is in discussion to acquire the remaining 80% of Africa LNG Holdings. "Such transaction would constitute a reverse takeover under the AIM Rules and would also be subject to the approval of independent shareholders," it said.
|
Send Article by Email
