Small caps round up
Majestic Wine shares tumbled on Wednesday after the company said it expects 2017 profits to be below current market expectations due to lower-than-expected sales in its commercial business and investment in the US division of Naked Wines. Current pre-tax profit consensus expectations for the year ending 3 April 2017 are £16.1m, the company said.
Ultra high gasification waste to energy systems company PowerHouse announced its unaudited interim results for the six months to 30 June on Wednesday as it continued its development programme. The AIM-traded firm said that during the period, its Hillgrove Investments convertible loan note was increased by AUD 176,000 and facility repayment extended to at least 30 June 2017.
Digital media and technology solutions company Milestone Group announced on Wednesday that its Nexstar joint venture with Black Cactus is now distributing independent film and video to theAmazon Prime global streaming service.The AIM-traded firm said the opportunity gives Nexstar access to the “largest media customer base in the world”, and means that those who use the company’s media publishing platform to distribute their own video and film will have access to Amazon Prime's global audience, giving them control over their art and a potential audience reach of millions.
AIM listed Physiomics has called off its BioMoti acquisition after investors instead backed plans to develop its modelling and simulation business with a £555,000 discounted fundraising. Physiomics, which develops software to help drug companies predict and understand cancer drug efficacy from pre-clinical research through to clinical development, has placed 2.22m shares at a price 0.025p per share through broker Hybridian.
Fitbug reported a fall in first-half sales but said a strategy to focus on 'corporate wellness' rather than the retail sector had resulted in a near-halving of losses.Group sales fell by just over a quarter to £0.73m, though business-to-business (B2B) sales rose 52% on a like-for-like basis.
Centaur Media, a multi-platform business information, insight and events group, has announced that it has agreed to acquire Oystercatchers for up to £3.35m in cash and shares. Oystercatchers is a consultancy that helps brands “accelerate” their marketing performance. It has around 300 clients including a broad range of blue chip fast-moving consumer goods (FMCG) companies such as P&G, McDonalds, British Airways, Barclays and Amazon.