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Proactive's small cap round-up: African Potash, Mirada, Haydale Graphene, AFC Energy, Goals Soccer

Proactive looks back at some of the week's small cap movers

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FTSE’S AIM All-Share Index finished the week where it started off, around the 735 point mark.

Investors gave Victoria plc’s (LON:VCP) £65mln purchase of Lancashire underlay maker Interfloor their royal seal of approval on Friday.

Shares in AIM-quoted Victoria - which made the red carpet for Prince William and Kate’s wedding – added 12% to reach 1,400p on news of the takeover.

It’s the fifth acquisition the firm has made as part of a quest to surpass a £500mln annual sales threshold.

Interfloor - backed by private equity house Milestone Capital - owns Tredaire and Duralay flooring brands and, according to one analyst, could end up boosting Victoria’s earnings by more than a quarter.

“Before taking into account any synergies, this deal leads to a 27% upgrade in our 2017 earnings in our view,” said Cantor Fitzgerald’s Freddie George.

The transaction will be part-funded by the placing of 2.5mln new ordinary Victoria shares, which raised £30.8mln.

Victoria’s shares have been on a roll recently, having climbed nearly 200% since the start of the year.

Cantor’s George reckons there’s more to come and decided to up his target price to by 250p to 1650p following the announcement.

Junior stocks combined, FTSE’S AIM All-Share Index finished the week where it started off, around the 735 point mark.

Like its bigger blue chip brother, the small cap gauge seems to have stabilised after panic selling at the end of August.

There wasn’t much movement in Faroe Petroleum’s  (LON:FPM) share price either, despite its part-owned Portrush exploration well in the Norwegian North Sea being plugged and abandoned.

This was the first exploration well to be drilled in the Grimsan Basin, Haltenbanken, but operator Shell failed to find any oil or gas.

UK-listed Faroe owns 20% of the project, but shares in the junior only lost 2% as it said cheaper rig rates and drilling costs softened the blow.

Better news for Rosslyn Data Technologies, up 1% , which won a new contract to supply is data analytics tech to “one of the world's largest mining companies”.

African Potash (LON:AFPO), one of AIM's hottest stocks in the past few of months, made further gains of 35% this week.

Shares in fertiliser specialist are up a hefty 700% since early June after signed a trade deal with the Common Market for Eastern and Southern Africa.

Five-a-side football firm Goals Soccer Centres (LON:GOAL) couldn’t recover from Wednesday’s share price dive and ended the week 15 per cent lower following its profit warning.

AFC Energy (LON:AFC) reassured investors that it deliver the two final milestones of strategy in line with “earlier timeframes” as it told investors it continues to develop its “commercial pipeline of opportunities”.

Shares in the industrial fuel cell company have fallen 14% in the past week, but remain over 250% up on where they were in January.

Haydale Graphene (LON:HAYD), up 10% from Monday’s opening price, finished the higher as it signed letter of intent with Huntsman Advanced Materials.

A deal could represent the first-step in commercialising the AIM quoted firm’s graphene technology.

Troubled tech firm Monitise (LON:MONI) was the week’s big loser as chief executive Elizabeth Buse announced she would step down after just six months in sole charge of the company.

Shares, at 2.6p, are now worth halve of what they were at the start of the week and are down 90% since January.

Mosman Oil & Gas shares surged around 40 per cent on Friday morning, although the firm said it didn’t know why.

Earlier this month Mosman (LON:MSMN) signed a deal to producing assets, known as the South Taranaki Energy Project in New Zealand for NZ$10mln – roughly £4.2mln.

Shares in Mirada (LON:MIRA) also moved north as telecoms giant Telefonica launched an upgraded user interface for millions of its digital pay TV subscribers in Spain.

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