Young and Co's Brewery 24/05/2012
Pub giant Young and Co’s Brewery (YNGA) delivered a pre-tax profit of 17% amid restructuring, shedding assets and acquisitions.
Norwegian energy giant Statoil is paying £87.5m for most of Nautical Petroleum's stake in the North Sea's Mariner discovery.
Statoil has agreed to buy a 20.7% interest in North Sea Licence P355, Block 9/11a, which contains the Mariner find.
The deal will leave AIM-quoted Nautical with a 6% interest in the licence and cash to help fund its other promising North Sea projects, Kraken and Catcher. Chief executive officer Steve Jenkins comments the company still has exposure to possible gains at Mariner and is now 'well resourced' to see Kraken and Catcher through to development.
Floated at 40p eight years ago, Nautical shares surged to 315p in 2006 before crashing later on below its flotation price. Highlighted by Growth Company Investor at 37.75p in late 2008, the shares have soared to new highs and now trade at 371p, up 59p this morning. Partial profit-taking looks prudent, while retaining a significant chunk for further worthwhile potential future gains.
Market cap: £325.3m
PE Forecast: n/a
Share price: 371p
Gain instant access to some of the best-performing and fastest growing companies in the small cap arenaClick here
Advertisement
Online tools to make investments easy and low admin fee from The Share Centre. Find out more.
Gain instant access to some of the best-performing and fastest growing companies in the small cap arena. Sign up NOW!
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.
Small-cap and growth company share recommendations on AIM- and PLUS-listed companies. Latest analysts' stock tips and advice on which are the best shares to buy on London's junior stock markets.
Advertisement
North Dakota and Oklahoma-focused Mangolia Petroleum (MAGP) has some ambitious plans for growth as its taps local resources.
Fashion retail giant ASOS (ASC.L) delivered a pre-tax profit of 43% aided by a 60% increase in menswear in the group’s international revenue streams.
Pub giant Young and Co’s Brewery (YNGA) delivered a pre-tax profit of 17% amid restructuring, shedding assets and acquisitions.