Malaysian group takes AIM 15/03/2010
Data centre services provider CSF Group is seeking to raise £28 million for an AIM float at 55p.
Gas and electronics components outfit Buckland lost £488,400 last year and says rationalising its Thai operations is causing 'some strain on short-term liquidity'.
AIM disaster Buckland says hopes aroused by a promising first half year were dashed in the second six months, with Chinese competition a depressing factor. Chairman Patrick Rogers reports that the company has decided to pull its Euro Asia Connections arm from connectors, making most of its workforce redundant.
In February, Buckland acquired the business of Kigass Electronics, which makes spark ignition electrodes and spark generators under the name of DK Gas (UK). Rogers claims that, once the Thai problems have been resolved, 'we should be able to achieve a satisfactory return on shareholders' funds'.
With Buckland shares, floated seven years ago by broker Seymour Pierce at 15p, now languishing at 0.25p, the market is not yet in a mood to share to share the chairman's confidence.
£7,277 That’s what you would have in your portfolio if you had invested £6,000 into the six Company Watch recommendations in our April 2009 issue.
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Data centre services provider CSF Group is seeking to raise £28 million for an AIM float at 55p.
Gem miner Diamondcorp is hoping the strong recovery in rough diamond prices will facilitate its planned £5 million funding.
Aussie-based Cape Lambert Resources is selling its Lady Annie copper mine for A$135 million to Hong Kong-quoted China Sci-Tech.