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TechMARK movers: C&W Communications pleases market
21-07-2010 14:54
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The market reaction to Cable & Wireless Communications' trading statement was in sharp contrast to that for Cable & Wireless Worldwide's yesterday.
Telecoms services provider C&W Communications does not suffer from the concerns about UK public spending that its offshoot does. Trading is tough in the Caribbean but Macau, Panama and the Monaco and Islands division are doing well.
Shares in C&W Worldwide continue to fall.
The interim management statement from retinal imaging company Optos disappointed the market.
Third quarter revenues were flat when compared with the third quarter of last year. Revenues for the nine months to September 2010 are slightly lower at $71.5m. That is down to lower pay per patient revenues even though the utilisation of the equipment is rising. Pricing has been adapted to reward customer loyalty to Optos.
In the future capital sales are likely to become more important.
So far this year, net debt has been cut by $20.3m to $25.9m.
FTSE TechMARK - Risers
Filtronic (FTC) 32.00p +15.32%
Ark Therapeutics (AKT) 5.25p +5.00%
Cable & Wireless Communications (CWC) 58.50p +4.56%
Antisoma (ASM) 5.40p +3.85%
ProStrakan (PSK) 72.00p +3.60%
Kofax (KFX) 249.50p +3.10%
Anite Group (AIE) 39.75p +2.58%
Torotrak (TRK) 20.25p +2.53%
Consort Medical (CSRT) 388.00p +1.97%
Vernalis (VER) 32.50p +1.56%
FTSE TechMARK - Fallers
Optos (OPTS) 100.00p -5.66%
Corin Group (CRG) 51.50p -3.29%
Phoenix IT Group (PNX) 235.00p -2.89%
Parity Group (PTY) 9.50p -2.63%
Sepura (SEPU) 44.00p -2.22%
Triad Group (TRD) 24.00p -2.08%
Micro Focus International Plc (MCRO) 429.00p -1.49%
NXT (NTX) 8.88p -1.33%
Computacenter (CCC) 292.50p -1.28%
Electronic Data Processing (EDP) 44.00p -1.14%
Telecoms services provider C&W Communications does not suffer from the concerns about UK public spending that its offshoot does. Trading is tough in the Caribbean but Macau, Panama and the Monaco and Islands division are doing well.
Shares in C&W Worldwide continue to fall.
The interim management statement from retinal imaging company Optos disappointed the market.
Third quarter revenues were flat when compared with the third quarter of last year. Revenues for the nine months to September 2010 are slightly lower at $71.5m. That is down to lower pay per patient revenues even though the utilisation of the equipment is rising. Pricing has been adapted to reward customer loyalty to Optos.
In the future capital sales are likely to become more important.
So far this year, net debt has been cut by $20.3m to $25.9m.
FTSE TechMARK - Risers
Filtronic (FTC) 32.00p +15.32%
Ark Therapeutics (AKT) 5.25p +5.00%
Cable & Wireless Communications (CWC) 58.50p +4.56%
Antisoma (ASM) 5.40p +3.85%
ProStrakan (PSK) 72.00p +3.60%
Kofax (KFX) 249.50p +3.10%
Anite Group (AIE) 39.75p +2.58%
Torotrak (TRK) 20.25p +2.53%
Consort Medical (CSRT) 388.00p +1.97%
Vernalis (VER) 32.50p +1.56%
FTSE TechMARK - Fallers
Optos (OPTS) 100.00p -5.66%
Corin Group (CRG) 51.50p -3.29%
Phoenix IT Group (PNX) 235.00p -2.89%
Parity Group (PTY) 9.50p -2.63%
Sepura (SEPU) 44.00p -2.22%
Triad Group (TRD) 24.00p -2.08%
Micro Focus International Plc (MCRO) 429.00p -1.49%
NXT (NTX) 8.88p -1.33%
Computacenter (CCC) 292.50p -1.28%
Electronic Data Processing (EDP) 44.00p -1.14%
| Related share prices |
|---|
| Cable & Wireless Communications (CWC) share price |
| Optos (OPTS) share price |
| Cable & Wireless Worldwide (CW.) share price |
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