Small cap round up
By Bianca Boorer
Date: Wednesday 07 Dec 2016
(ShareCast News) - Specialist regional UK property investment, development and management company Circle Property announced its results for the six months to 30 September on Wednesday. The AIM-traded firm posted a 16.3% increase in value of the group's portfolio of 16 UK investment properties to £90.425m, up from £77.735m at the end of March, resulting primarily from the group's successful asset management initiatives.
Arrow Global, a provider of debt purchase and receivable management, announced that Tom Drury has decided to step down as chief executive after five years performing the role. Former chief financial officer of Virgin Money Lee Rochford will replace Drury as CEO and board director from 3 January 2017. Drury will remain in the business until the end of February.
Tertiary Minerals announced on Wednesday it has entered into a non-binding heads of terms to acquire land and historic mine workings on its Lassedalen fluorspar project in Norway from global aluminium company, Hydro.The AIM-traded company said the purchase was subject to successful due diligence, and a 12-month period has been granted for Tertiary to complete that due diligence.
AIM-listed Porta Communications is to increase its stake in the Hong Kong and Australian businesses of Newgate Communications.The company is to increase its shareholding in start-ups Newgate Australia and Newgate Hong Kong, which the company founded.
Marketing firm Be Heard Group has bought content marketing agency Kameleon Worldwide for an initial £4.05m that could rise to £10m, in a bid to deliver a more cost-efficient service to clients.The AIM-listed company said the acquisition, which is expected to be materially earnings enhancing in the first full year of ownership, is part of its goal to build a digital marketing services business that will deliver "better, more cost efficient and more creative solutions to clients".
Mineral & Financial Investment updated the market on Wednesday on TH Crestgate, a private Swiss investment company in which MAFL holds a 49% stake.The board of the AIM-traded firm said it was advised that the work program has been completed on the Central Sector of the Lagoa Salgada project owned and controlled by TH Crestgate.
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