magazine archive
magazine archive
Smaller Companies
OMG pulls plug on Life
Thursday 27 Oct 2016Motion capture technology supplier OMG ( OMG:AIM ) has killed off its OMG Life arm after consistently failing to generate revenue. The Life business tried to licence intellectual property. ‘The total folly that was OMG Life should never have been started, let alone been allowed to consume many...
Firestone’s diamond comeback
Thursday 27 Oct 2016Lesotho-based Firestone Diamonds ( FDI:AIM ) is back in production after a three-year break. It has built a new processing plant to avoid the problem of breaking large stones. The miner has already found a fancy yellow stone from processing material stockpiled during the redevelopment of the mine...
Is Elegant Hotels’ 11% yield too good to be true?
Thursday 20 Oct 2016Fancy getting 11% dividend yield from investing in a Caribbean hotel operator? Elegant Hotels ( EHG:AIM ) owns plush hotels in Barbados and is expanding into Antigua. Sadly there’s a catch to the investment case which suggests dividends may need to be cut. Earnings forecasts have been downgraded...
Walker’s big deal
Thursday 20 Oct 2016Walker Greenbank ( WGB:AIM ) looks interesting at 202.5p in light of its proposed acquisition (12 Oct) of interior fabrics and wallcoverings distributor Clarke & Clarke. Complementary in terms of brands, profitable Clarke & Clarke will enhance Walker’s dividend-paying capacity, while also...
Utilitywise hires Sage, Augean execs
Thursday 20 Oct 2016Controversial Neil Woodford stock pick Utilitywise ( UTW:AIM ) is worth a closer look as investors ponder full year results and a boardroom reshuffle at the commercial energy consultancy. Utilitywise divides opinion among investors following criticism of its accounting policies. That is unlikely to...
IoT war chest
Thursday 20 Oct 2016Connectivity kit designer Telit Communications ( TCM:AIM ) has sealed $110m of new credit facilities as it accelerates growth into Internet of Things (IoT) technologies. The loans will provide the financial clout needed to continue its big bet on IoT, an area that is seeing huge investment. (SF) ‹...
SDX on the hunt
Thursday 20 Oct 2016Egyptian oil producer SDX Energy ( SDX:AIM ) continues to make progress as it lays the groundwork for low risk exploration drilling on its South Disouq concession. Initial findings from a 3D seismic survey suggest there is potential for both gas and oil. At 28.25p the shares are already up 56.9%...
Morses Club sticks to guidance
Thursday 13 Oct 2016Chief executive Paul Smith at consumer lender Morses Club ( MCL:AIM ) expects profit to be second half-weighted as interim numbers fell short of last year. Reductions in admin costs should start to feed through in the second half and into 2017. Higher loan impairments year-on-year reflected an...
WANdisco boardroom battleground
Thursday 13 Oct 2016Just days after announcing that the company’s CEO and joint founder David Richards was to leave struggling big data hopeful WANdisco ( WAND:AIM ) he has made a Lazarus-like return to the helm of the Sheffield and Silicon Valley-based company, sparking a boardroom walk-out. Richards’ departure was...
Aura Energy to rework cost model
Thursday 13 Oct 2016Aura Energy ( AURA:AIM ) should soon publish an internal study that remodels its Tiris uranium project at 3 million pounds production a year, triple the old plan. It wants to see by how much costs could fall from $30 per pound estimate in the original scoping study by increasing output. Aura hopes...