Deferrals dampen Tikit 11/03/2010
Pre-tax profits at legal and accountancy software specialist Tikit Group dropped 29 per cent last year to £2.5 million.
Stock gains of up to 60%
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Entrepreneurial financier Andrew Regan, chief executive of investment group Corvus Capital, is lining up a new company, South African-based DiamondTech, for an AIM float this month. DiamondTech boasts a new process using laser technology to extract gems from gravel and tailings, which could have profitable applications in the diamond mining industry.
Advisers suggest DiamondTech will seek to raise ‘a few million pounds’ when it comes to market. Meanwhile, Regan, who has done much in recent years to shake off the impression left by past controversies, is also busy with other projects.
Corvus, which claims £38.5 million of unrealised capital gains for the 18 months to last September, has 20 per cent of AIM-quoted Commoditrade, now strong at 43p on the back of £13.4 million annual profits and continuing talks with potential bidders.
£7,100 That’s what you would have in your portfolio if you had invested £6,000 into the six Company Watch recommendations in our March 2009 issue.
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Pre-tax profits at legal and accountancy software specialist Tikit Group dropped 29 per cent last year to £2.5 million.
Lower returns on cash balances have flattened commodity trading software specialist Brady's annual pre-tax profits to £1 million.
Specialist resources investor Baker Steel Capital Managers plans to float a trust to make pre-flotation investments in the sector.