News

Small caps round-up

12 January 2007 15:05:00

Fun Technologies said the decline in gross margin percentage compared to pre-2006 levels and its current working capital position may mean that it needs additional funding to undertake its business plan.

"Possible sources of that funding include non-core asset sales or debt or equity funding either from external sources or from the company's parent, Liberty Media Corporation," said the group.

It also said that impairment tests on its goodwill will result in a 'significant' non-cash charge. The group added that revenues for the year to December increased over 80% from the same period last year.

IT communications services group Glen Group saw turnover for the year to September jump from £538,000 to £3.6m thanks to strong organic growth from its Glen Communications business.

Pre-tax losses increased to £609,000 compared with £570,000 in the same period last year.

Investment bank Bridgewell Group said following difficult trading conditions in the summer, activity in the last four months to end December has been strong, with revenues of over £3m in each of these months.

"Revenues for the year to 31 December 2006 are expected to be approximately £30 million. Operating costs, before bonuses, are anticipated to be in line with expectations," said the group.

All data suppied by Digital Look (15 minute delay)




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.