09/08/2006
Results ahead
Fervent followers of AIM's growing band of international companies should keep an eye-out for maiden interim figures to June from Chi-Med on Wednesday. Based primarily in China and majority owned by Hong Kong listed Hutchison Whampoa, Chi-Med came to market with a £40 million funding earlier this year and develops and distributes drugs, health supplements and other consumer health care products derived from traditional Chinese medicines.
Also this week, interim figures are due from Israeli automated fuel payment systems counter Orpak Systems. A recent pre-close statement provided investors with good cheer. Second quarter trading was, apparently, as buoyant as the first and three large new contracts signed with Mega Oil of Russia, Shell in Turkey, and HPCL in India augur well. Investors can expect strong 30 per cent sales growth to $10.5 million. Orpak debuted in December via a placing priced at 140p and now commands a £51.4 million market capitalisation at the current 154.5p.
Closer to home, watch out for full year figures to May this week Tuesday from AIM stalwart NWF, the diversified sales and distribution business bossed by Graham Scott.
Asian mobile network group in £20 million float
The glut of debutantes from overseas shows little sign of relenting. Mobile transaction network operator GMO is seeking a £20 million price tag through a float that will spur its mission to become a leading mobile services and media provider in China, the world's largest mobile communications market. Corporate Synergy is helping to raise £5 million for Jersey-based GMO, formed last year by three major Malaysian Technology Exchange (MESDAQ)-listed players - Green Packet, mTouche Technology and OSK.
'We are profitable already and we are only raising a token £5 million because we want to first create a market value for the company first, then demonstrate to our investors what we can really do', explains chief executive Eugene Goh.
Canadian media group JumpTV is looking to attract up to £31.4 million from investors ahead of a planned debut this week. The company broadcasts a range of subscription-based ethnic television channels via the internet and is being advised by broker and adviser Canaccord Adams. Jump's AIM arrival will coincide with the completion of a simultaneous listing on the Toronto Stock Exchange.
Another set to start trading this week is mobile phone gambling services provider Probability, which is looking for £4.1 million with the help of broker and adviser Evolution Securities.
Results Round Up
Results catching the eye on Monday included Sports Café, the expanding sports bar entertainment counter, which reported a 46 per cent sales spike for the half to June, a resilient performance in a tough market driven by new site openings. Profits at the pre-tax line continue to elude, but revenues rose to £9.3 million and there was encouraging 52 per cent improvement at the less demanding EBITDA level to £980,000.
Elsewhere cash rich shopping cart company Gatekeeper Systems gained 8 per cent at 46.5p after wheeling in record interim numbers yet again. For the half to June, the retail technology play swung from losses to profits of £314,000 - a 173 per cent turn about - as revenues surged 117 per cent higher to around £6.6 million, with the company closing out the half with £4.3 million of net cash.
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