Tuesday August 5, 05:43 PM
Small caps round-up: Top Ten, AEA, Delling
LONDON (ShareCast) - Bingo operator Top Ten swung to a pre-tax loss of £8.85m in the full-year ended 30 March compared to a profit of £2.51m last time. The group said the results reflect the 'very challenging environment'
in which it operated."The group remains focussed on rebuilding its profitability to an acceptable level although in the current economic climate this may take several years," said chairman Aubrey Brocklebank. Energy and environmental consultant AEA has received valid acceptances for 83.12% of its 4 for 5 rights issue of 99.3m new shares to raise net proceeds of £33.3m. In June, AEA launched the rights issue to help pay for Project Performance Corporation, an environmental management and information technology consulting firm headquartered in Virginia, United States. Delling said it expects continued profitability at EBITDA level for the first half of 2008 as trading has progressed satisfactorily with several new contracts won. UK-based coal miner ATH Resources (LSE: ATH.L - news) said it notes the recent movement in its share price but said it is not aware of any reason behind the rise. The group said it continues to trade in line with market expectations for the full year. Voller Energy (LSE: VLR.L - news) said Robin Francis, the chief technology officer, is to take over as chief executive officer with immediate effect.
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