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Risers & Fallers: DDD, Weatherly, SacOil, Oxford Instruments, Regency Mines, Dragon-Ukraine

DDD pulled out of its recent slump as it said response to a new product had been good. Conversely, Oxford Instruments has been finding it hard going in Japan and Russia.
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Below are some of the main news-driven share price changes today.

RISERS

DDD Group (LON:DDD), up 28.6%. The company has been pleased with the response to its new TriDef SmartCam solution for Windows, it said in a trading update.

Weatherly (LON:WTI), up 23.7%. All resolutions were passed at today’s extraordinary general meeting, which means the company’s share placing can go ahead.

SacOil (LON:SAC), up 22.2%. SacOil has received US$10mln from Ecobank. The money is associated with the cash collateral that secured the performance bond on prospect OPL 233, which expired on 2 May.

FALLERS

Oxford Instruments (LON:OXIG), down 7.9%. Adjusted profit before tax last year fell to £35.6mln from £47.1mln the year before, reflecting macro headwinds in Japan and Russia, and weaker trading than expected in the Industrial Analysis sector.

Regency Mines (LON:RGM), down 6.3%. This one is hard to figure; Reiner Rensch has lifted his stake above 4% to 4.4%.

Dragon-Ukraine Property & Development (LON:DUPD), down 4.4%. The Ukrainian property company had, predictably, a bad year in 2014, even though its assets are not directly affected by the conflict in the eastern part of the company. The company’s net asset value slumped to US$92.4mln at the end of 2014 from US$168.5mln a year earlier.


Below are some of the main news-driven share price changes among FTSE 350 stocks at 1.00pm.

RISERS

RPC Group (LON:RPC), up 3.6%. Full-year results from the plastic products designer got the thumbs-up. Adjusted profit before tax rose by a third to £119mln.

Reed Elsevier (LON:REL), up 2.3%. Barclays Capital has upgraded the publisher to ‘overweight’ from ‘equal weight’.

Diageo (LON:DGE), up 1.5%. Credit Suisse and JP Morgan Cazenove have both upgraded the drinks brands owner to ‘neutral’. The former has a price target of 1,800p and the latter a target of 1,900p.

FALLERS

Pets at Home (LON:PETS), down 3.2%. The shares take a bath as private equity backer KKR sold around 21.6% of the company, which was roughly half its stake.

Anglo American (LON:AAL), down 2.1%. SocGen has downgraded the mining giant to ‘hold’ from ‘buy’.

Rio Tinto (LON:RIO), down 1.5%. Likewise, SocGen has downgraded the mining giant to ‘hold’ from ‘buy’. 


Below are some of the main news-driven share price changes at 9.15am.

RISERS

3Legs Resources (LON:3LEG), up 33.3%. The company’s shares advanced to 0.34p from 0.255p overnight as the company raised £500,000 through a share subscription at 0.27p a share. The company also revealed non-executive director (NED) Richard Armstrong will take over the chairman role, while noted investor Jim Mellon has joined the board as a NED, as has Greg Bailey.

Bacanora Minerals (LON:BCN), up 19.5%. The Canadian and London-listed minerals explorer saw its shares rise sharply overnight in Canada, and this morning issued a statement in London saying it knew of no reason for the movement.

Penna Consulting (LON:PNA), up 15.3%. Pre-tax profit rose sharply last year, and the final dividend has been whacked up 166% to 4.0p.

FALLERS

Pan African Resources (LON:PAF), down 8.7%. The 23.86% holding in Pan African owned by Shanduka will be sold off to the Mabindu Trust, the China Investment Corporation and the Standard Bank of South Africa once Shanduka’s merger with the Pembard Group completes. That seems to put the kibosh on any hopes of the stake being used as a launch-pad for a bid.

CML Microsystems (LON:CML), down 7.1%. The semiconductor products designer’s results were down year-on-year but were slightly ahead of revised expectations, and the final dividend has been increased by 10% in expectation of increased revenue and profit in the current year.

Iomart (LON:IOM), down 6.5%. The Cloud computing company’s profit before tax climbed to £10.79mln from £9.72mln the year before, but the market was expecting more from a company in a high-growth sector.


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