Olliff reduces City of London stake
27th Jan 2010 16:07
Barry Olliff, chief executive and founder of City of London Investment Group (CLIG), has sold 100,000 shares at 310p each. Oliff still owns 19.7% of CLIG, which makes him the largest shareholder in the investment management company. Last October, Olliff announced that he planned to sell 500,000
Read moreBowleven set for busiest year ever
25th Jan 2010 07:55
Africa-focused oil and gas explorer Bowleven has signed up to lease a rig for its planned drilling campaign on the Etinde permit off the coast of Cameroon. Well locations have now been selected for the first two wells in the programme, IE-3 and the exploration well on MLHP-5. The exact location and
Read moreTuesday tips round-up: Telecity, Ryanair, Vantis
3rd Nov 2009 06:41
Telecity designs, builds and operates data centres ? warehouses, if you like, albeit ones that contain racks of computers that require vast power supplies and links to multiple telecoms carriers. Telecity enjoys a high proportion of recurring sales and, with mostly fixed operating costs, strong op
Read moreBusy year ahead for BowLeven
2nd Nov 2009 07:46
Bowleven, the AIM-listed oil and gas exploration group focused on Africa, saw a $48.8m currency related gain wiped out by a $50.5m impairment charge on its EOV asset in Gabon. The impairment charge on the EOV has been recognised in the wake of the decision to defer the activities in 2010 required t
Read moreSmall caps round-up: Andor, Birmingham City, Bowleven...
12th Aug 2009 12:49
Shares in Andor Technology climbed after the digital camera manufacturer said it expects revenues and profits for the full year to exceed expectations. Shares in Birmingham City climbed by 10% after the football club confirmed it has received an approach from Grandtop, the company owned by Hong Kon
Read moreBowleven confirms $110m placing
9th Jun 2009 07:59
Africa-focused oil explorer Bowleven is raising $110m (£68m) from a placing to fund further appraisal of the IF oil field, offshore Cameroon. Bowleven, currently valued at just £64m, said Merrill Lynch International and RBS Hoare Govett are helping raise the money via an accelerated book-building p
Read moreSmall caps round-up: Microcap, Bowleven, Pentagon Protection
1st Jun 2009 13:23
Shares in Microcap Equities fell back after the investment firm said that negotiations with potential investors in the firm may not succeed and, if successful, would likely be made at a significant discount to the current share price. Oil explorer BowLeven reports that an independent survey by TRAC
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