This week: Shining examples of gold investments, positive comments again on on Encore, and the extra dimension of DDD adds depth to one’s interest
Atlantic Global Plc (LON:ATL) (ATL 13.5p/£3.03m)
The specialist provider of integrated business and resource management software announced interims for the 6 months to 30 June 2010. The Company has improved turnover to £728,000 (2009: £647,000), whilst making a profit of £21,000 (2009: loss of £148,000). A healthy cash balance of £2.11m (2009: £2.27m), and a sustained level of research and development of £198,000 (2009: £202,000) should serve the Company well going forward.
Atlantic currently provides solutions across three different areas, which include Professional Service Automation (e.g. timesheet and expenses management), Enterprise Project Portfolio (e.g. project management) and Organisation Planning (e.g. organisation mapping, budgeting), and has partnered with a number of blue-chip organizations in developing a number of its offerings, including GSK, Pfizer and Aviva, whilst its client base spans both private and public sector organizations of a variety of sizes.
Financials for the last 6 months have been positive (enabling Atlantic to pay an interim dividend of 0.1p per share, and implying a renewed sense of confidence), and the introduction of a fully automated SaaS (trial) platform for the Company at the end of October this year could well result in even more impressive gains.
Cubus Lux (LON:CBX) (CBX 16.25p/£3.88m)*
Cubus Lux, the Croatian-focused leisure resort operator and developer, announced its final results for the year ended 31 March 2010. The Company’s revenues remained flat of £1.48m (2009: £1.54m) while reported pre-tax losses increased to £3.6m (2009: £2.1m). Net loss per share amounted to 18.99p (2009: 14.2p). During the year £268,875 of additional equity has been raised. Despite the slower pace of development, opportunities for Cubus Lux continue to emerge. Thus, the Company has identified seven locations in Croatia and Montenegro for marina developments and is working to secure finance to achieve their vision of a 'String of Pearls' across the Adriatic. However, the expansion of Olive Island Marina remains a priority. Cubus Lux continues to progress their strategy of creating value in leisure-related and general real estate projects in Croatia and the neighbouring regions. The 'Molatska' site in Zadar is now scheduled for completion in June 2011. Cubus Lux gaming operations are…
