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UK smallcap opening - Silanis International slumps as warns of poor FY numbers


Published :
Tue, 08 Jan 2008 08:37
By : Agencies
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LONDON (Thomson Financial) - Silanis International slumped, and lead the small cap fallers in early trade, as it warned its trading for the year to Dec 31 will be materially below its previous expectations as it continues to experience delays in closing material contract negotiations.

Shares were down by nearly 50 pct, shedding 16 pence to 17-1/2 pence, although the e-signature provider said its full-year results will be broadly

in line with that achieved in the first half of the year.

The company also said it remains confident about its long-term trading

prospects and believes the global market for e-signatures continues to offer

significant growth potential.

tf.TFN-Europe_newsdesk@thomson.com

hmb/ejb

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Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.




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