Small cap round up

AIM-listed technology group Cohort said on Monday that its subsidiary, MASS, has been awarded a nine-year extension to its managed IT service contract for the Sentry Whole Life Support Programme (WLSP) at RAF Waddington worth around £12m. Cohort said the scope of the support contract includes replacement of the maintenance, repair and overhaul software and adds an enterprise performance management solution.

AIM-listed Tristel, a manufacturer of infection prevention products, increased turnover while it continues to expand globally, particularly in North America. For the year ended 30 June, turnover rose 12% to £17.1m, compared to the previous year, which was ahead of market expectations

SWP Group announced on Monday that it was proposing cancellation of the admission of its ordinary shares to trading on AIM. It followed confirmation that, on 13 October, the offer for SWP by Friars 716 - which was announced on 21 September - was declared wholly unconditional.

AIM-listed producer Applied Graphene Materials’ revenue increased as it made “substantial progress” during the year with its graphene products. For the year ended 31 July, revenue rose 20% to £300,000, compared to last year.

Shares in Oilex Ltd have are up more than 13% after it executed an agreement with Gujarat State Petroleum Corporation Ltd on the next planned vertical well in the Cambay Field (Well C-78). Oilex, which is GSPC's JV partner, said the agreement was a key milestone towards the proposed drilling of Well C-78, unlocking value and possibly securing an extension to the Cambay Field Production Sharing Contract (PSC) term.

Image scan, an AIM-listed specialist in the field of real-time X-ray imaging for the security and industrial inspection markets, has reported a threefold increase in sales of portable x-ray systems due to large orders from Asian governments.The group’s total sales were £3.3m for the year ending 30 September 2016 compared with £1.7m in 2015. The firm’s gross margin improved to 42% from 38% in 2015 due to increased sales and changes in the product mix leading to manufacturing and supply chain efficiencies.

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