magazine archive
magazine archive
Smaller Companies
Magnolia sees US oil resurgence
Thursday 19 Jan 2017Magnolia Petroleum ( MAGP:AIM ) is spying a ‘noticeable’ uptick in activity in the US onshore oil and gas sector in which it is active. This is important to the success of the company’s strategy which, in its own words, is ‘to drill alongside established operators to prove up the reserves on our...
H&T is an alternative play on gold price gains
Thursday 19 Jan 2017Pawnbroker H&T ( HAT:AIM ) is up 71% since we flagged the stock in late 2014 – and the rally could have further to run. A contrarian call at the time, H&T was struggling in the aftermath of a gold price collapse and stricter consumer lending rules. Investors remain wary of consumer lending...
Vislink lifeline in doubt
Thursday 19 Jan 2017Uncertainty surrounds Vislink’s ( VLK:AIM ) s ale of its Vislink Communications Systems (VCS) business. The proposed buyer, NASDAQ-listed XG Technology (XGTI:NDQ) , has asked to change the terms of the $16m acquisition. While the agreed price remains the same, instead of receiving the full $16m in...
Bean counter required at Elecosoft
Thursday 12 Jan 2017Construction software tiddler Elecosoft ( ELCO:AIM ) is facing an management power vacuum with CFO of nine-years Graham Spratling leaving once 2016 full year accounts have been completed. While executive chairman John Ketteley continues to oversee day-to-day operations the £23.1m company has still...
Zytronic cleans up balance sheet
Thursday 12 Jan 2017Hi-tech displays and touch sensors business Zytronic ( ZYT:AIM ) is going through the legal motions to make £8.9m of non-distributable cash reserves available. Cancelling the share premium account looks like a balance sheet tidying exercise in the short-term, but it will open the option to a...
Sprint with Science in Sport
Thursday 12 Jan 2017It may currently be loss-making but sports nutrition products tiddler Science in Sport’s ( SIS:AIM ) sales grew an impressive 30% to £12.24m in 2016 according to the latest trading statement (5 Jan), with revenue cutting a dash online and internationally. Global awareness of the SiS brand is...
XP Power mulls M&A to boost growth
Thursday 12 Jan 2017Power switching components and kit supplier XP Power ( XPP ) is seriously considering a rare return to the acquisitions trail as it seeks to bolster organic growth opportunities. According to analysts, management has been talking more openly about the possibility and has confirmed a bulging...
Gear4music in the groove
Thursday 12 Jan 2017Online musical instruments retailer Gear4music ( G4M:AIM ) earned yet another round of earnings upgrades following its trading update (6 Jan). We remain bullish, with a premium valuation justified by the growth potential. Shares has been excited about York-headquartered Gear4music since its IPO (3...
Tungsten cashed up on drive to profit
Thursday 22 Dec 2016Tungsten ( TUNG:AIM ) has secured the sale of its banking unit in a move that should help it avoid a capital raise. Tungsten’s invoicing product secured average price increases of 40% for the year ahead as it seeks a move into monthly profitability during 2017 while its lending unit financed £60.1m...
Earnings reverse warning for ECSC
Thursday 22 Dec 2016Revenue is forecast to increase rapidly at newly-floated cyber security group ECSC ( ECSC:AIM ) , yet profit is expected to be very lumpy according to a new report by house broker Stockdale. It believes ECSC will move from £0.3m pre-tax profit in 2016 to a £2m loss in 2017 as a result of a sharp...