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GROWTHCOMPANY
INVESTOR
THE INDEPENDENT VOICE ON FAST-GROWING COMPANIES
UIpauseCOMPANY INSIDER
NORTHERN BEAR
NEW – Institutional
BUY/HOLD
TICKER SECTOR MARKET CAP PRICE FORECAST P/E MARKET
NTBR Support Services £7.78m 41.5p 4.5 AIM Investors in
A
cquisitive building services and materials concern pipeline to £4.5m, its ‘strongest
Northern Bear says it won £6m of new contracts in a ‘very for two years’.
challenging’ first half to September Meanwhile, Northern’s Spring
AIM 2009
The Chester-le-Street-based company, which increased pre- Roofing arm managed to secure
tax profits by 26% to £2.85m in the year to March, says its a £1m commission from a social
Jennings Roofing division secured one contract worth more housing consortium in the North
than £2m with a housing association in the North West of East and its MGM subsidiary
Are you an AIM CEO or
England. This has boosted the company’s committed order clinched £2.25m of contracts, also with a North Eastern social
housing group. Elsewhere, the company’s Hastie D Burton
division clinched contracts worth a combined £850,000 in
adviser looking for investment
the period.
Steered by chief executive officer Graham Forrest, Northern
Bear insists these deals will give second-half sales and profits a
for a growing business on the
significant shot in the arm and will have a positive impact on
its results for the year to next March.
In a separate development, finance director David Jay is
public markets?
stepping down to become a non-executive director and will be
replaced by current non-executive director Steve Roberts.
Northern Bear’s shares, lowered from their 82p 52-week peak,
value the company at £8 million. Selling for less than five times
Management is confident that recent roofing contracts will
March 2010 estimated earnings of 9.3p, they could roar higher
lift Northern Bear’s second-half sales and profits over the medium to long term. Buy/hold. RT
OMG
HOLD
TICKER SECTOR MARKET CAP PRICE FORECAST P/E MARKET
OMG Software & £14.69m 21.5p 23.9 AIM
Computer Services
D
espite being squeezed by recessionary pressures and businesses remain encouraging
the unfavourable dollar exchange rate, revenues at for the new year, with OMG
video motion capture group OMG have remained flat in the having recently launched a pair
year to September. of innovative new products and
In its latest trading update, AIM-traded OMG, which provides signed a licence agreement with
cameras for the entertainment, scientific and military markets Microsoft to develop new
and also uses its technology to provide public sector services, medical products.
said second-half trading mirrored the first, which means annual For the full year, the
sales will surpass £26m and profits will be ‘broadly in line with consensus of City analysts is for revenues of £26.4m, pre-tax
market expectations’. Thanks to improved cash collection and profits of £0.9m and earnings of 0.9p. This leaves the shares,
inventory management, OMG said cash levels were lifted from recommended as a speculation here at 26p in June and down
Are you the entrepreneur of a private
£2.1m at the interim to £2.8m, although the strengthening of as low as 19.25p since, trading on quite a punchy rating.
company keen to attract new investors
sterling had a negative effect. However, we believe there remains great potential in the
Management insists that new business pipelines across OMG’s business that calmer economic waters will reveal. Hold on. OH in order to expand your venture?
PAN PACIFIC AGGREGATES
If you answer yes to either of these questions
SPECULATIVE BUY
you should get your hands on the latest
TICKER SECTOR MARKET CAP PRICE FORECAST P/E MARKET
research from the award-winning research
PPA Mining £8.7m 0.9p n/a AIM
team at Growth Company Investor
A
s foreshadowed here, Canada-focused Pan Pacific to supply local infrastructure
Aggregates (PPA) has raised £1.7m to quarry granite in projects, some related to the
Our latest research report, Institutional
British Columbia. 2010 Winter Olympics in
The AIM-quoted company, which recently won local authority Vancouver, and the company Investors in AIM 2009, reveals the leading
permission to develop the Pumptown granite quarry near speaks of gross margins of
Abbotsford in Canada’s western province, has raised the money C$4.5 (£2.65) a tonne.
investors in AIM companies
at a discounted 0.5p and, says managing director William Private investors and directors
Voaden, now has the funds to bring it into production and have stumped up the money for this fundraising, with McAlpine
generate cash. In fact, subscribing for 12m shares and taking his PPA stake to 2.3%.
PPA has raised £2.7m in The company is paying a 5% commission to Voaden’s company,
This publication is the most comprehensive
all, but needs approval VSA, for helping with the placing, as well as 5% for an earlier
assessment of where fund managers have
from shareholders, at a £250,000 funding, and has also granted VSA warrants to
special meeting later this subscribe for 15.6m new shares at 0.5p and a further 4.5m at
invested their cash on AIM, assessing their
month, to authorise the only 0.28p by 9 October 2012.
financial decisions across a range of measures
final £1m. These prices represent hefty discounts to today’s 0.90p and
Voaden and fellow are small fractions of PPA’s original 2005 float price of 80p
directors, including and subsequent peak of 93p. But they are above the 0.25p
industry specialist Euan low to which the shares sank after a series of severe setbacks
McAlpine, hope to take last year.
Be among the first to order your copy
Pan Pacific hopes to extract one
annual output from Highlighted here recently as a flutter at 0.38p, PPA shares
of this unique research for £295 + VAT:
million tonnes of granite a year
Pumptown to one million have already nearly trebled. They clearly remain risky, but, if
from its Pumptown quarry tonnes a year. The plan is Pumptown performs, they could rally further. RT simply call 020 7250 7056 or
email blanka.biernat@vitessemedia.co.uk
www.growthcompany.co.uk A Vitesse Media Plc publication
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