Mineral group plans £20m float 08/02/2010
Aussie-listed Greenland Minerals and Energy is planning a flotation on the London Stock Exchange to raise £20 million for a £1.4 billion world-class rare earth and uranium project at Kvanefjeld in Greenland.
Private & Commercial Finance Group (PCF) has achieved half its £15 million two-year funding target in six months.
Scott Maybury, newly installed as chief executive of the AIM quoted company, says it has raised £7.5 million since April from the likes of Hitachi Capital and Siemens Finance. London-based PCF, which recently forecast a sdsys15 per cent first-half profits increase, does not expect to repeat last year’s 40 per cent portfolio growth and sees 7 to 8 per cent as more realistic in today’s markets, though with higher margins.
PCF, which has 20,000 outstanding loan agreements worth an average £6,500 each and provides equipment funding for smaller companies and car finance for individuals, is now operating in a market where demand exceeds supply, says Maybury. Companies and private individuals alike are trying to reduce their borrowing, but rival lenders are also pulling out, leaving PCF with ‘a larger share of a smaller market’.
PCF shares have halved since last year to 12.5p, which analysts argue is less than a third of net asset value. They could offer defensive qualities.
Save 50% off your first year’s subscription to Growth Company Investor magazine, and gain immediate access to all the recommendations online. Click here.
Growth Company Investor is the leading magazine for investors in AIM and boasts award-winning research and analysis coverage.
Subscribe now and receive a 50% discount
Advertisement
Growth Company Investor, in association with the London Stock Exchange, presents the most wide-ranging and detailed examination of the AIM market: AIM in Review 2010. For more information and to order, click here or contact our marketing team on 020 7250 7056.
The report reveals the top-earning chief executives and remuneration levels at AIM's most profitable and fastest-growing companies. It also examines constituent parts, including basic salary, bonus, pensions, benefits and share-based payments. To order click here.
Free access to the latest AIM stock recommendations and news from the award-winning Growth Company Investor team. Receive our tips on what stocks to buy direct to your inbox every Tuesday and Friday. Find out more today.
Cautious? Positive? Adventurous? Choose between three levels of risk for a fund of funds from Sharefunds, our sister company. Click here for more information.
The brand new, fully updated AIM Guide 2009/2010 is now available to purchase. AIM Guide is the only fully comprehensive guide to AIM and is regarded as 'must-have' for any serious investor or professional interested in the market for young, fast-growing companies. Order your copy today and benefit from a £10 discount!
This report's principal aim is to provide business owners seeking funding with information about the amount of funds that VCTs have to invest. Click here for more information.
Business XL, the award-winning monthly magazine for growing companies, is delighted to announce the launch of a new study on cash shells. The research provides a comprehensive overview of cash shells on AIM, companies that have become a significant feature on the AIM landscape. Buy the Cash Shells 2009 Research Report today or email Halid Delkic to obtain a free two-page abstract.
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
Aussie-listed Greenland Minerals and Energy is planning a flotation on the London Stock Exchange to raise £20 million for a £1.4 billion world-class rare earth and uranium project at Kvanefjeld in Greenland.
African miner Randgold Resources plans hefty production and resource increases after lifting annual gold sales 27 per cent to £288 million.
PhotonStar LED, which produces eco-friendly light bulbs with a claimed life of 11 years, is considering tapping AIM investors for around £5 million to fund acquisitions, says chief executive officer James Mckenzie