Shares in Lombard Risk Management plc (LON:LRM) are up more than 40% this year after another surge today following a profits guidance upgrade.
Today’s positive trading update is further evidence that the turnaround is gaining momentum.
READ Small cap ideas: Lombard Risk Management’s two-year plan is off to a positive start
READ Lombard Risk Management says revenues, earnings and cash ahead of expectations
The company said it expects revenues, underlying profits and its cash position to be ahead of market expectations following a period of substantial investment.
We’ll find out just how far when the risk management and compliance software specialist releases its results on 24 May.
The shares were up 18.8% today.
Symphony Environmental Technologies plc (LON:SYM) advanced 18% as it alerted the market to a Saudi directive on oxo-biodegradable plastic.
Saudi Arabia has made oxo-biodegradable plastic compulsory for a wide range of locally-manufactured and imported plastic products, which is good news for Symphony, as it has just received a quality mark for its oxo-biodegradable plastic, d2W, in Saudi Arabia.
READ Symphony Environmental hails Saudi directive on oxo-biodegradable plastic
WATCH Saudi switch to oxo-biodegradable plastic 'a major event' for Symphony Environment, says CEO
10.09 ... Altitude flying high
Altitude Group PLC (LON:ALT) was flying high this morning and revealing new supply agreements.
The shares soared 31% to 78.5p as the technology solutions provider bagged two customers in North America.
ASA Resource Group PLC (LON:ASA) took a shoeing yesterday after revealing some disturbing developments at its Freda Rebecca gold mine in Zimbabwe, but the shares were bouncing back this morning.
This morning it updated the market on its cash position, which seems to have helped ease concerns in the market, resulting in the shares rising 19% to 1.25p.
Proactive headlines
Lombard Risk Management plc (LON:LRM) said it expects revenues, underlying profits and its cash position to be ahead of market expectations following a period of substantial investment.
The provider of risk management software to the financial services industry said turnover for the 12 months ended March 31 would be in the region of £34mln-£34.4mln and EBITDA in the range of £2.4mln-£2.8mln. The company is sitting on around £7mln of cash.
British electronics manufacturer Acal Plc (LON:ACL) expects full-year results to come in slightly ahead of expectations following a strong performance towards the end of the year.
A combination of market share gains, better routes to market and greater confidence among its core customer base meant final quarter revenue was 15% ahead of last year at constant exchange rates.
Drug developer Faron Pharmaceuticals Ltd (LON:FARN) has unveiled plans to appoint two new independent directors.
They are Dr Gregory Brown and John Poulos, who bring with them a breadth and depth of industry experience.
Corero Network Security PLC (LON:CNS) has nabbed a multi-year contract with a global internet service provider to deliver a new DDoS mitigation security service.
Under the terms of the SmartProtect agreement, AIM-quoted Corero will provide its SmartWall products and SecureWatch services to the ISP’s customers.