Small cap round up

Betsson AB and NetPlay TV announced on Thursday that their boards have reached agreement on the terms of a recommended cash offer, under which Betsson will acquire the entire issued and to be issued share capital of NetPlay. The firms said under the terms of the offer, each NetPlay shareholder will receive 9p in cash for each ordinary share held, which values the entire issued and to be issued share capital of NetPlay at £26.4m on a fully diluted basis.

Property manager HML Holdings has bought Goodacre Property Services, a Kent-based property management business for up to £317,000, the first of three acquisitions the company will potentially make in 2017. The AIM-listed company’s subsidiary HML Andertons, which covers Kent, Sussex and South London bought Goodacre in cash from £317,000, satisfied from its existing cash balance.

AIM-listed operator of branded business parks, Sirius Real Estate, has completed the acquisition of Krefeld Business Park and an office building in Dreieich for a combined total consideration of €7.5m. In October last year, the group notarised the purchase of Krefeld Business Park for €2.9m, representing a 13.1% EPRA net initial yield.

Estate agent Martin & Co’s revenue increased last year as it expanded its footprint across Britain, and maintained that its business would not be affected by the government’s plan to scrap lettings fees. For calendar 2016, revenue increased 15% to £8.2m compared to the previous year, while the AIM-listed company expanded its footprint as it now trades from 377 officers and added 16 new franchisees to serve about 48,000 tenanted managed properties.

Real Good Food updated the market on its trading on Thursday, having previously indicated that it makes the majority of is profits in the second half of the year, which includes the important third quarter trading period for cake decoration and premium bakery in the run up to Christmas. The AIM-traded company confirmed that indication with overall sales continuing to grow and were strong in Q3, up 8% year-on-year.

Engineering and technology recruitment firm Gattaca provided a pre-close trading update for the six months to 31 January on Thursday, reporting “solid results” during a period of some instability in the UK, following the EU referendum in June 2016. The AIM-traded company said it continued to position itself for maximising growth opportunities both in the UK and internationally.