Small caps round-up Tasty, Sceptre Leisure, Adventis… – MoneyWeek

MarketngandadvertisingfirmAdventisGrouphasreportedasignificantreductioninitsbankindebtedness,whichhasfallenfrom£2。

2mattheendof2011to£1。

5m。

However,thecompanyadmittedthatithadbeenunabletosecuresufficientcommitmentsfromnewinvestorstocarryoutaproposedequityfundraisingwhichithadhopedwouldgeneratearound£3。

0m。

Thecompanyisnowlookingtosellitstechnologydivisionasawaytorepayitsbankdebt。

Thefirmsaiditbelievesthetwotechnologybusinessescouldbesoldformorethanenoughtocovertheamountitowestothebank。

ConstructionfirmTitonHoldingsmadeasignificantlossduringthehalfyearendedMarch31stof£0。

4m(2011:profit£0。

29m)onrevenueof£7。

5m,slightlylowerthan£7。

56mthesameperiodthepreviousyear。

Costofsalesroseslightlyfrom£5。

8mto£6。

0m。

Earningspersharefellfrom59ptoalossof2。

79p,butthisdidntstopthecompanydeclaringanunchangeddividendof1ppershare。

Cashlevelsfellfrom£3mto£2。

2m。

ThefirmadmittedthatitdoesnotanticipateasignificantrecoveryineitherUKoroverseasmarketsinthesecondhalfyear,sayingthataccordingly,wewilltakemeasurestoreduceouroverheadsintheperiodconsistentwiththecurrenteconomicclimate。

EquatorialPalmOilhashalveditsfull-yearlossesto$2。

2mfrom$4。

4mforthetwelvemonthsendedDecember31stafteritachieveditsmaidenrevenuesof$0。

385mfromitsfirstcrudepalmoilsales。

Duringtheyearthecompanyplaned1,100hectaresofnewoilpalms,committedtoacashinjectionof$30maswellastoanadditional£30mloanfacilityagreement。

Inastatementthefirmsaid:Thepalmoilmarketfundamentalscontinuetolookpositive,withsignificantshortfallsinproductionatatimewhendemandisexpectedtocontinueincreasing。

Thepalmoilpricecontinuestostrengthen,pushingtowardsthehighestrecordedpricinginthelasttwelvemonths。

Cashlevelsdroppedsignificantlyfrom$6。

8mto$1。

3m。

FreshfruitandflowerimporterFyffeshasperformedwellin2012sofar,increasingitstargetEBITA(earingsbeforeinterest,taxandamortisation)rangeforthefullyear2012to€25m-€30m,from€22m-€27mpreviously,andcomparedto€23。

2min2011。

This,thefirmpointsout,equatestoadjustedearningspershareofbetween6。

80and8。

30cents,comparedto6。

05centsin2011。

Theindustryhasexperiencedfurthercostinflationduringtheperiod,includinghigherbunkerfuelcosts,andlessfavourableexchangerates,thefirmsaid,attributingitsimprovementstooperationalefficiencies,acontinuedfocusoncostsandreturnsonthegroupssignificantinvestmentinthebusinessinrecentyears。

NR

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