| CATEGORY: SMALL CAPS NEWS SECTOR: SUPPORT SERVICES |
Small caps round up: Hansteen, Connaught, Eatonfield..... |
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Thu 11 Mar 2010
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LONDON (SHARECAST) - Property investors Hansteen Holdings says that it is no longer considering an offer for Kenmore European Industrial Fund.
Social housing repairs company Connaught has denied press speculation that it has received an offer approach. The rumour was that 3l-backed Enterprise would bid 450p a share for Connaught.
The denial came after the market closed and the shares had risen 6p to 308.5p each.
Property investor Eatonfield Group has agreed a £900,000 equity drawdown facility. This is in addition to the £100,000 raised from a recent placing at 1p a share. Jenard Properties, a partner in one of Eatonfield’s property joint ventures, is providing the new facility, which lasts until the end of August. The drawdown price is 1p a share. Jenard also subscribed for the shares in the placing.
Eatonfield still needs more cash to ensure that it can continue trading beyond August.
Performance management specialist Avisen has made an agreed offer for IT services company Xploite. The takeover is to be effected by a scheme of arrangement and values Xploite at around £11.38m.
International Information and Communications Technology (ICT) group Datatec expects underlying profit before tax in respect of the year to 28 February 2010 to be about $44m, on revenues of between $3.7bn and $4bn.
The annual dividend will be held at 12 cents.
Fuel cell system developer AFC Energy saw pre-tax losses narrow to £2.30m in the year to 31 October 2009 from £2.96m the year before. The company, which has a fuel cell system on trial with AkzoNobel, its first commercial customer, has yet to record any sales revenue.
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