| CATEGORY: AIM BULLETIN SECTOR: PHARMACEUTICALS & BIOTECHNOLOGY |
Small caps round-up: Reneuron, Spiritel, Roxi ... |
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Mon 19 Jan 2009
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| RENE - ReNeuron |
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| Latest Prices |
| Name |
Price |
% |
| ReNeuron |
5.00p |
-1.57% |
| Applied Intellectual Capital |
0.000p |
0.00% |
| DataCash Group |
360.00p |
+0.56% |
| IPSO Ventures |
14.00p |
0.00% |
| OneClickHR |
0.000p |
0.00% |
| Roxi Petroleum |
7.00p |
0.00% |
| SQS Software Quality Systems |
177.50p |
0.00% |
| SpiriTel |
45.00p |
+2.22% |
| Turbo Power Systems |
0.90p |
0.00% |
| Vislink |
17.75p |
-1.39% |
| |
| FTSE AIM 100 |
3,212 |
+0.53% |
| FTSE AIM 50 |
2,899 |
+0.16% |
| FTSE AIM All-Share |
701 |
+0.64% |
| FTSE Fledgling |
4,104 |
+0.22% |
| techMARK |
1,672 |
+0.29% |
| techMARK 100 |
1,840 |
+0.64% |
| Electronic & Electrical Equipment |
2,126 |
+0.70% |
| Equity Investment Instruments |
5,309 |
+0.16% |
| Financial Services |
5,094 |
+1.08% |
| General Industrials |
2,713 |
+1.05% |
| Oil & Gas Producers |
6,958 |
+0.27% |
| Pharmaceuticals & Biotechnology |
9,224 |
+0.09% |
| Software & Computer Services |
645 |
+1.50% |
| Support Services |
3,858 |
+0.61% |
| Technology Hardware & Equipment |
541 |
-1.91% |
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LONDON (SHARECAST) - Shares in Reneuron more than doubled after it gained UK regulatory approval to start clinical trial with stem cell therapy for stroke.
The group said it is the first ever clinical trial in stroke, using expanded neural stem cells.
“It is the most important milestone in ReNeuron's history thus far and also represents a significant development in the wider field as regards the translation of exciting stem cell science into clinical stage therapies,” said chief executive officer Michael Hunt.
Spiritel, the business communications service provider, saw pre-tax losses narrow to £1.7m from £2.3m before on turnover that increased 62% to £11.1m.
"The economic outlook for 2009 remains volatile and challenging for all businesses. However, following a significant restructuring of the business over the last two years, we have established a strong platform for sustained future growth by selling an expanded product portfolio into a growing customer base," said the group.
Shares in oil and gas explorer Roxi Petroleum jumped 20% after it announced it had agreed to farm out up to 35% in the BNG exploration area in Kazakhstan to fellow oil and gas group Canamens.
Roxi also announced further appraisal success in the Galaz contract area in central Kazakhstan. The area should involve ‘near to medium term’ production, Roxi’s chief executive Rob Schoonbrood said.
Turbo Power Systems rallied after the power electronics and electrical machines company said it won an order worth in excess of $4m over the next two years to supply the fourth generation of its' high voltage power supplies to the US industrial laser manufacturer PRC Laser Corporation.
The first deliveries of the new units are planned for the beginning of the second quarter of 2009 continuing for a period of 24 months.
Vislink, the microwave radio and satellite transmission products supplier, expects adjusted operating profit for 2008 to be in line with market expectations.
Revenue was up to £100.9m from £98.6m in 2007. Two acquisitions made during the year left the group with net cash of £0.8m, down from £3.5m at the end of the year before.
Half-year pre-tax losses rose to £576,500 at Ipso Ventures, up from £494,000 the year before, but the intellectual property exploitation specialist remains upbeat.
“Whilst the economic outlook is difficult, we are confident that the next year will be one of considerable progress for Ipso,” said chairman Simon Hunt.
Software testing company SQS Software Quality Systems is confident results for 2008 will match forecasts and remains positive for the rest of this year.
“As we enter 2009 trading conditions remain healthy and, looking forward, as companies look ever more closely into outsourcing their IT functions to reduce costs, we expect a continuing strong performance,” said boss Rudolf van Megen.
Personnel software and services firm OneClickHR said profit and cash generation in 2008 were ahead of management expectations.
The group said it had added a number of blue-chip customers to its client base in the last quarter, including Hilton Hotels and EMI Music.
The offer by payments service provider Datacash for 3rd Man Group has been declared unconditional in all respects.
Applied Intellectual Capital has decided it is shareholders’ best interests to cancel the company's admission to AIM.
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