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.
Soya sauce, vinegar and bean paste producer China Food sees a big 2009 boost from new capacity in Shandong province.
China Food, which came to AIM in December through the reverse takeover of Singapore-based food holding company Full Fortune, lifted pre-tax profits 23.7 per cent to £6.1 million last year on turnover up 31 per cent to £25.3 million. The company, whose ‘Fushi Hao Tai Tai’ product was named one of the top 50 brands in China for soya sauce and vinegar, is building a new state-of-the-art production facility in Shiu Gang City, Weifang, in China’s Shandong province. It is on track for completion and commissioning late this year.
Followers expect the company, headed by chairman John McLean, to increase pre-tax profits ten per cent this year to £8.3 million, but say the big lift should come next year from Shiu Gang. China Food raised £5 million at 30p in December to fund the Full Fortune deal, which accompanied its AIM float. The price has fluctuated since.
Now 46p, up 5p this morning, the shares value the company at £30.5 million and have speculative specialist appeal.
Growth Company Investor is the UK’s leading authority on small-cap and AIM companies. You can gain immediate access to all the recent share recommendations with no obligation, with a free 30-day trial. Click here to join today
Subscribe today and save 50%. Receive company watch recommendations and extensive company profile tips, released two months ahead of the market.
Advertisement
£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.
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.
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.
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.
Advertisement
US-focused Nighthawk Energy is launching a $7.5 million program to invest in its Colorado-based Jolly Ranch project.
Africa-focused Tower Resources (TRP) has raised £5.4 million via a placing with a mixture of institutional investors and directors.
Beleaguered travel operator Thomas Cook (TCG) has reported a loss of £91 million its first quarter also announcing the sale of its Indian division.
AIM-quoted Chariot Oil and Gas (CHAR) has completed a 3D seismic survey across its central blocks.
Aminex (AEX) and Solo Oil (SOLO) both reported the Ntorya-1 well had 'not encountered' sandstone intervals after drilling 2500 metres.
Brady (BRY), the supplier of software to the commodities sector, is to raise £18 million to fund two acquisitions.