Small caps news round-up
Electric Word issued an update to its trading on Tuesday, following the end of its financial year to 30 November. The AIM-traded company said that, following the disposals of Optimus Education and Speechmark in November, the continuing business of the group now comprised SportBusiness and group central costs.
Energiser Investments went ahead with placing to raise funds in the region of approximately £1m before expenses on Tuesday, through the issue of new ordinary shares in the company at a price not less than 2p per ordinary share. The AIM-traded firm had planned for the placing to be by way of an accelerated book build, with the number of new ordinary shares to be issued, along with pricing and the aggregate proceeds to be raised through the placing to be finally determined following completion of the bookbuild process.
Designer and manufacturer of high-end embedded computer products, Concurrent Technologies, updated the market on its trading ahead of the close period for the year to 31 December. The AIM-traded company said that, based on its unaudited management accounts for the year to date, it expects its trading for 2016 to be broadly in line with market expectations.
Natural resource exploration and development company Galileo Resources posted its unaudited interim results for the six months to 30 September on Tuesday. The AIM-traded firm said during the period, independent modelling continued on a number of prospects on the Concordia Copper Project in South Africa, including Whyte's West, Klondike, Wheal Julia and Homeep East.
Vast Resources has swung to a first-half pretax profit from continuing operations and says Romania represents a significant opportunity for the company. Pre-tax profit for the six-month period was $265,000, from a year-ago loss of $3.6m. Revenue came in at $14.1m, from $1.04m.