Small caps news round-up
Shares in Kodal Minerals fell more than 10% as final drilling assays from the Ngoualana prospect at Bougouni Lithium Project in Mali confirmed high-grade mineralisation. "This prospect is continuing to exceed our expectations with the wide intersections of spodumene rich pegmatite remaining open along strike and at depth," said CEO Bernard Aylward.
Bowleven updated the market on Wednesday, saying that following the requisition of a general meeting on 24 January, Monaco-based private investment vehicle Crown Ocean Capital had continued to purchase Bowleven stock. The AIM-traded firm said in view of that, and ahead of the more detailed response within the circular convening the GM, it wanted to advise all shareholders of its view of the proposals and why it will unanimously be recommending shareholders vote against all resolutions.
Oil company Global Energy Development's shares climbed on Wednesday following confirmation that it will change its name to Nautilus Marine Services, as well as buy 11 offshore subsea service vessels and a barge vessel. The AIM-listed company said that it gained approval for the name change and acquisitions from shareholders at a meeting.
Video games industry technical services provider Keywords Studios updated the market on trading on Wednesday, following a year of what it called further strong organic growth and geographic expansion complemented by a number of successful acquisitions. The AIM-traded group announced preliminary unaudited revenues for the year ended 31 December of €96.6m, and adjusted profit before tax of €14.8m, both of which were comfortably ahead of consensus market expectations.
Exclusive master franchise holder for Domino’s Pizza in Poland, DP Poland, updated the market on its store performance on Wednesday. The AIM-traded company said there were currently 39 Domino's Pizza stores in 14 Polish towns and cities - 16 of them corporately managed, and 23 sub-franchised.
Dillistone Group, a software provider for the recruitment industry, anticipates that full-year profit will be in line with expectations with growth in revenue and earnings as it gained from recent foreign exchange fluctuations, but was affected by economic turbulence last year. The AIM-listed company said that pre-tax profit, before acquisition related items and one-off adjustments, are expected to be broadly in line with expectations for calendar 2016, with year-on-year growth in revenue, profit and earnings before interest, tax, depreciation and amortisation (EBITDA).