Hot small caps: Maxima rises on robust outlook

Tue Aug 12, 2008 10:11am BST
 
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LONDON (Reuters) - Following is a round-up of key small cap movers on the London stock market on Tuesday.

9:19 BST - Maxima rises on robust outlook

Shares in Maxima Holdings (MXM.L) climb 3.6 percent to 142.5 pence after the software company posts a 24 percent rise in full-year pretax profit and says current trading is robust and ahead of last year, despite the slowing economy.

"It's definitely being re-rated and it should be re-rated," says an analyst at house broker Cenkos.

The slowing economy will create more acquisition opportunities for the group, which has bought 11 companies since listing on Aim in 2004, he says. "Vendor expectations on prices are lower, and the banks are on side on the group's buy-and-build strategy." 6:53 BST - FTSE seen opening 17-18 pts lower The FTSE 100 index .FTSE is seen opening 17=18 points higher on Tuesday, according to financial bookmakers, having closed up 52.6 points, or 1 percent, at 5,541.8 on Monday.

 
Detail showing a commercial U.S. Dollar rate against British Sterling is displayed in central London in this file photo December 1, 2006.  REUTERS/Toby Melville
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