Nighthawk remains jolly 09/02/2012
US-focused Nighthawk Energy is launching a $7.5 million program to invest in its Colorado-based Jolly Ranch project.
AIM shell in China food deal
Investment newcomer Vestpa plans to buy condiments and animal feed group Full Fortune Holdings and change its name to China Food Company.
Vestpa, which raised £23 million at 1p in a June float on AIM, has provisionally agreed to pay £25 million cash and £5 million in shares for Full Fortune, a Singapore holding company whose subsidiaries, Fu-Rich, Fuss feed and Fuss Biotech, operate out of Weifang City and Shouguang City in the Chinese province of Shandong. Vestpa, whose boss John McLean is a proposed chairman of the newly enlarged group, proposes to accompany this move with a one-for-40 share consolidation and a £5 million share issue at 30p, handled by broker and nominated adviser Strand Partners.
Full Fortune’s director Raphael Than Wai Mun is proposed as the new group's chief executive officer and the group has recently been growing at a brisk pace. The company increased pre-tax profit from £2.6 million to £6.1 million between 2004 and 2006 on turnover up from nearly £9 million to £19.3 million and is bullish about current prospects.
Vestpa's shares now stand at 1.88p ahead of the acquisition, consolidation, name change and share issue, with a present AIM value of £7 million.
Growth Company Investor subscribers have full access to all our AIM and small-cap share recommendations. To subscribe today with a half-price offer, and gain immediate access to all the recommendations, click here.
Subscribe today
Subscribe today and save 50%. Receive company watch recommendations and extensive company profile tips, released two months ahead of the market.
Advertisement
Spread Trading. New from Halifax Share Dealing
£100 credit when you open five trades within 60 days – terms apply. Spread Trading is not for everyone please ensure you understand the risks as you may lose more than your initial deposit. Click here for more information.
Institutional Investors in AIM 2011 - New Report
This unique study analyses the shareholdings of companies listed on AIM, extracting trends including rankings of the value and number of their investments.
Please click here to order your copy of the report or call 0207 250 7056.
Coverage of AIM, techMARK and PLUS Markets
Informative features and research on fast-growing companies, small-cap and growth stocks, penny shares, stock market tips and share recommendations, directors' dealings, company news and analysis, new issues and upcoming IPOs.
If you're interested in business tax updates visit our specialist tax guide website.
Latest small-cap and growth company news
Daily coverage of small-cap company stocks on London's junior markets AIM and PLUS, breaking news, stock research and latest share price information for investors. Full sector coverage with all the latest news on smaller listed companies, updated several times a day with financial reports, trading statements and links to further web resources.
Popular News
Acquisition
Acquisitions
Aim
Aim Market
Boardroom Moves
Breaking-even
British Technology
Cash
China
Commodities
Credit Crunch
Deals & Contracts
Debt
Dividend
Emerging Markets
Full List
Fundraisings
Gold
Growth Company
Growth Stocks
Main Market
Mergers & Acquisitions
New Issues
Penny Shares
Placing
Plus Markets
Profit Warning
Renewables
Restructuring
South Africa
Speculative Punts
Technology
Trading Update
Turnaround
Undervalued
Advertisement
Latest News
Tower raises £5.4m 09/02/2012
Africa-focused Tower Resources (TRP) has raised £5.4 million via a placing with a mixture of institutional investors and directors.
Thomas nurses £91m loss 08/02/2012
Beleaguered travel operator Thomas Cook (TCG) has reported a loss of £91 million its first quarter also announcing the sale of its Indian division.
Chariot finishes 3D survey 08/02/2012
AIM-quoted Chariot Oil and Gas (CHAR) has completed a 3D seismic survey across its central blocks.
Aminex and Solo disappoint 07/02/2012
Aminex (AEX) and Solo Oil (SOLO) both reported the Ntorya-1 well had 'not encountered' sandstone intervals after drilling 2500 metres.
Brady to raise £18m 07/02/2012
Brady (BRY), the supplier of software to the commodities sector, is to raise £18 million to fund two acquisitions.
Sectors
Aerospace & Defence
Alternative Energy
Automobiles & Parts
Banks
Beverages
Chemicals
Construction & Materials
Electricity
Electronic & Electrical Equipment
Equity Investment Instruments
Financial Services
Fixed Line Telecommunications
Food & Drug Retailers
Food Producers
Forestry & Paper
Gas, Water & Multiutilities
General Financial
General Industrials
General Retailers
Health Care Equipment & Services
Household Goods
Industrial Engineering
Industrial Metals
Industrial Transportation
Leisure Goods
Life Insurance
Media
Mining
Mobile Telecommunications
Nonequity Investment Instruments
Nonlife Insurance
Oil & Gas Producers
Oil Equipment, Services & Distribution
Personal Goods
Pharmaceuticals & Biotechnology
