This week: Pinewood Shepperton continues to diversify, Highams is on a high, and a GEM of a biofuels company
Avanti Communications (AVN 445.5p/£204.28m)
Satellite broadband operator Avanti has announced three contract wins, including a contract to prepare for larger scale deployment of satellite backhaul for rural mobile broadband access (part of the government?s Digital Britain project) and a contract with a consortium to help standardise satellite broadband services for the European Space Agency. All this sees Avanti continuing to put building blocks in place for potentially stratospheric growth, as long as its satellite is successfully launched in the second quarter of 2010. If that happens, Avanti should blast off big time.
Alumasc (ALU 102.5p/£37.04m)
Alumasc has a portfolio of market leading engineering and building businesses. Over 85 per cent of group revenue is from sustainable products, which help to reduce energy and water use. For example, it holds the number one positions in green roofs (roofs planted with grasses, providing insulation and a reduction in water run-off whilst being low maintenance), solar shading and control (an aluminium frame of fins or levers around the outside of a building, this moves throughout the day to provide shade from the sun to reduce the need for air conditioning) and wall insulation for social housing refurbishment. Demand for these products is driven partly by the stringent building regulations as well as the general awareness of climate change and the desire to be more in tune with the environment and reduce unnecessary energy usage. Although Alumasc has been impacted by the recession and the reduction in commercial building construction this has been somewhat mitigated by the keenness for sustainable building products. Alumasc are presented with great opportunities with high profile upcoming infrastructure projects such as the Olympics, Thames Gateway and Crossrail, as well as export potential to the US and the Middle East in particular.
Anglesey Mining plc (AYM 16.00p/£24.46m)
Anglesey has reported that its TSX-listed and 50 per cent owned Labrador Iron Mines has doubled the NI 43-101 compliant resource estimate for the James, Redmond 2B and Redmond 5 deposits in Western Labrador. These deposits comprise the first stage of targeted production from this iron ore project where previous resource estimates where made prior to 1982. The increase means that the expected life of the Phase One project can be extended by almost two years.
Fusion…
