Small caps round-up: Communisis, Forte Energy, Paragon Diamonds ...

1st Nov 2010 11:06

Printing and mail specialist Communisis is confident of meeting full-year expectations as trading in the third quarter matched forecasts and there's good visibility through the fourth quarter"We continue to see a good level of new business opportunities emerging across the company," the group said in a short update, which highlighted continued growth at its Intelligence Driven Communications business.Uranium miner Forte Energy was upbeat in a quarterly update."The company is extremely positive about its exploration programmes in both Mauritania and Guinea and their potential to increase the current uranium resources in both countries during 2011," it said Monday.Paragon Diamonds began trading on AIM today, raising £3.8m from a placing at 20p a share to increase the diamond production from its Konoma mine in Sierra Leone.On admission, it bought Konomo mine owner Sierra Leone Hard Rock from Obtala for £17.48m and African Rock Resources for £2.5m.Botswana-focused miner Discovery Metals has been granted surface rights for its fully-owned Boseto copper project in north-west Botswana by the Tawana Land Board. Approval of the surface rights is the last external approval prerequisite to the Botswana Department of Mines (DoM) completing the processing of the Boseto mining lease application.Housebuilding and construction group Galliford Try has secured two contracts in the commercial sector worth a total of £24.7m.This figure comprises a £16m contract for a 174 room four star hotel in Birmingham for Hotel La Tour, and an £8.7m contract to construct a new motorway service area at Cherwell Valley in Oxfordshire for Moto Hospitality.Chinese software and solutions provider Geong is on track to meet full year expectations after an in-line first half. Margins increased at its Software as a Service (SaaS) business and the group continued to attract higher margin business in South Asia. Emulsion fuel producer Quadrise Fuels saw losses before tax narrow to £3.95m in the year to 30 June from £4.97m the year before. The debt free company saw cash reserves ebb to £1.63m at the end of June from £2.88m a year before.