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UK – Heritage Oil(LON:HOIL.L) report: Uganda Approval

- The government of Uganda has provided conditional consent to dispose of the company’s Uganda assets - The transaction is expected to complete within five working days following finalisation of a government mechanism to deal with arbitration and any taxes that may be owed from the disposal fo the transaction…

UK – Source BioScience (LON:SBS) report: Contract win

- Source BioScience (SBS) won a tender to supply cytology services to Cervical Screening Wales (CSW) for the second time. - SBS will provide CSW with cytology services until July 2013, with the option to extend the agreement for a further two years. Expected revenue associated with the renewal is…

UK – Resaca Exploration (LON:RSOX.L) report: Merger & Offering Update

- Resaca Exploration’s public placing of 20m shares has been postponed due to market conditions - Resaca has asked the LSE to lift the trading suspension after the 1 for 5 reverse split has been approved - Resaca and Cano are still in discussions regarding their proposed merger and will…

UK – Metminco (LON:MNC) result update

- The company has further increased its interest in Hampton Mining by taking up stock made available in the second round of the recent rights issue. In addition, it has agreed with three other holders of Hampton stock to exchange their interests for Metminco stock. The net effect of the…

UK – Globo (LON:GBO) Trading Update: 1H revenue ahead YoY; second SE Europe and new W Europe CitronGO! contract

- Globo reports that 1H’10 trading “has been in line with the Group’s expectations with revenue ahead of the comparable period in 2009”. Further “the Group is focused on expanding the international mobile business, driven by its CitronGO! and GO!Social ‘open cloud’ mobile service offering. Despite the difficult economic conditions,…

UK – Salamander Energy (LON:SMDR.L) report: Drilling update

- Salamander has plugged and abandoned the Tom Su Lua-1x well in the Vinh Chau Grabben system, offshore Vietnam - It is the first exploration well in the basin and was drilled to a total vertical depth sub-sea of 1,380 metres. The well encountered both potential seals and high quality…

UK – ReNeuron (LON:RENE) report: Preliminary results

- PCF has released strong results for YE 03/10, with underlying PBT (stripping out m-to-m movements on interest rate swaps) 40% ahead of DS expectations at £338k and underlying EPS 51% ahead at 0.6p. - This is impressive when set against a portfolio of receivables that declined by 9.4% to…

UK – Private & Commercial (LON:PCF) report: FY’10 ahead. Funding constraints to hold back ‘11E

- PCF has released strong results for YE 03/10, with underlying PBT (stripping out m-to-m movements on interest rate swaps) 40% ahead of DS expectations at £338k and underlying EPS 51% ahead at 0.6p. - This is impressive when set against a portfolio of receivables that declined by 9.4% to…

UK – Immunodiagnostic Systems (LON:IDH) report: Switch from Axis-Shield to Immunodiagnostic Systems

- Axis-Shield issued another disappointing trading statement this morning, reporting that a poor influenza season has impacted revenues for the first half of the year, affecting sales of Afinion(TM) and NycoCard CRP. - Sales have been additionally affected by reduced demand for third party products due to budgetary pressures in…

UK – imJack (LON: IMJ) report: Interim results to Mar’10 dominated by schools funding withdrawal

- Educational web-based software provider imJack, reported 1H’10 revenue of £5,692 (2009: £172,585) and a PBT/PAT loss of £1,848,569 (2009: £969,419). In early June, matched funding for re-designating schools was withdrawn by the government, forcing the company to review its new business model, which it reports it is now developing…

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