News

Small caps round-up: IncaGold, Getmobile, Newmark

06 December 2007 11:58:00

Shares in IncaGold plunged after the troubled online digital promotions group confirmed working capital is very constrained as trading has been below expectations.

The group said it is urgently seeking funds to address its working capital needs.

Earlier this year, IncaGold sacked staff in a bid to save cash after a tough Christmas period saw it use up almost its entire overdraft facility.

Mobile phone contract provide Getmobile said it currently anticipates full year results will be in line with market expectations.

"Trading in the quarter to the end of September was in line with expectations and indications are that the seasonally strong pre-Christmas trading period has started to materialise," said the group.

It also announced today entering into an agreement to invest €439,000 for a 65% equity stake in Premingo GmbH, a start up joint venture with Complex GmbH & Co.KG

Newmark Security announced a favourable settlement that was reached on a disputed overseas corporation tax liability. It will result in a release to the profit and loss account of approximately £1.1m for the second half.

"In addition, the Group's Dutch subsidiary, Vema NV, has sold its remaining property to realise a gain on disposal of approximately £50,000, which will similarly be included in the results for the second half year," said the group.

E-learning and compliance courseware solutions business Intellego said it has announced a three year exclusive partnership with Rightmove.

Desire Petroleum said it has continued discussions with a number of companies interested in farming-in to its licences due to the very considerable reserve potential identified in the North Falklands Basin.

"However, the board remains mindful of its commitment not to enter into any agreement which may unduly dilute shareholders' exposure to this exploration potential," 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.