Small cap round up

Investment group Mercia Technologies has swung to a first-half pre-tax profit thanks to a marked improvement in revenue and fair-value gains on investments. "Thus far, over £30m of the IPO proceeds have been invested to strengthen our direct investment portfolio," said chief executive Mark Payton.

Gold miner Condor Gold has announced that scout drilling has commenced on its flagship La India in Nicaragua. The project hosts a high grade mineral resource of 18.08 metric tonnes at 4.0 grams per tonne (g/t) for 2.31m ounces (Moz).

ServicePower Technologies confirmed it is in preliminary discussions with Jonas Computing, a subsidiary of Canada’s Constellation Software Inc, which could lead to an offer being made for the company.The announcement came as the shares rose 79% to 4.48p.

Miner Greatland Gold signed a memorandum of understanding with Metal Tiger Australia, a subsidiary of AIM-listed Metal Tiger, to explore new opportunities in the precious metals and base metals sectors for 12 months.The companies will focus on opportunities in Australia and Asia primarily, which will expand the company's portfolio of Australian-based projects in the precious and strategic base metal sectors.

Market Tech, an owner of property assets in North London, has handed over Hawley Infants School, which was the first phase of a development, to the London Borough of Camden.The school was the first phase of the development of Hawley Wharf, while the company said that progress on the rest of the development is on schedule and on budget, with the first retail and leisure units to be completed in the final quarter of 2017.

Emerging markets-focused media company Mobile Streams has reversed to a full-year pre-tax loss of £0.74m, from the prior year's profit of £0.83m, causing its shares to plunge by nearly a third.This result was led by a plunge in revenues by the AIM-quoted company to £12.8m, from £29.1m. It is now focused on expansion into India.