It’s a quiet week save for a couple of interesting tiddlers.
Hands up who is announcing results this week?
As one might expect in the week before Christmas, scheduled corporate announcements are thin on the ground.
Blue-chips seem to be avoiding the week altogether, leaving the field open for the tiddlers, including the intriguing Collagen Solutions, the developer and manufacturer of medical grade collagen components.
A couple of months after Jamal Rushdy was announced as the new chief executive officer, a refocused strategy was announced to add proprietary products to the company’s medical-grade collagen and research services offerings.
At the same time, research & development (R&D) expenditure was increased.
Half-year revenue and other income is expected to be around £1.9mln, which would represent a 30% increase on the £1.46mln taken in the corresponding period of last year.
The acceleration of the investment in R&D will affect short-tern cash flow, as will the joint venture agreement with Chinese investment vehicle Cre8ive, which was signed in March.
On the plus side, investors should hear some positive noises about the implementation of an improved sales process.
Thursday sees fiscal first quarter numbers from Rambler Metals, the Canadian gold and copper miner that is in the throes of a big expansion at its Ming mine on the Baie Verte Peninsula.
A move into an underground area at Ming meant that the company milled 20% more material at its Nugget Pond facility in the quarter than it did in the same three-month period of 2015.
Source: http://www.proactiveinvestors.co.uk/companies/market_reports/170605/week-ahead-collagen-solutions-steps-into-the-spotlight-170605.html
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