Small cap round up

EasyHotel posted a jump in full-year profit and revenue for the year to the end of September, as it accelerates its development pipeline, with 1,527 rooms now in development. Pre-tax profit rose 38.4% to £1.09m on total revenue of £6.02m, up 8.7% from the year before.

Acal, a supplier of customised electronics to industry, has appointed Malcolm Diamond as non-executive chairman from 1 April 2017. He will take over from Richard Moon, who will step down at the end of March next year, having performed the role since April 2005.

AIM listed Mosman Oil & Gas is consulting its lawyers after it was prevented from completing the acquisition of an 80% interest in the Pine Mills oil field in Wood County Texas after one of the other owners exercised a pre-emptive right over the oilfield. Cue Energy Resources, the Australia-listed vendor, had agreed a 20-day pre-emptive rights period with the minority owners Gale Force Petroleum and Hammerhead Managing Partners if it were to sell its 80% working interest.

Crawshaw Group is trading in line with expectations as the fresh meat retailer’s sales improved after it increased focus on marketing and value products, while it gears up for a busy Christmas.The AIM-listed company said it has focused on marketing and value products and returned to localising products to areas, which has resulted in higher customer numbers and sales.

Judges Scientific, which buys and builds scientific instrument businesses, has bought EWB Solutions, a maker of scientific devices, for £1.76m in order to consolidate its position in the ultra high vacuum field. The acquisition, which is expected to be earnings enhancing, will also included an additional payment that reflects any “excess working capital over and above the ongoing requirements of the business”.

Shares in Pantheon Resources fell back to around 12-month lows as the AIM-listed explorer's prudently worded update dashed some investors' hopes of a bigger potential resource. Chief executive Jay Cheatham, is meeting with investors to discuss updates on two wells, among Pantheon's several conventional projects located in Tyler Polk Counties, onshore East Texas.

Oil and gas company LGO Energy has sold over 10,000 barrels of surplus crude oil in Spain. The company’s subsidiary Compañia Petrolifera de Sedano, is to deliver 11,200 barrels of surplus crude oil that was built up at the Ayoluengo oil field in December and January 2017 to a Spanish buyer.