Small caps round-up: LPA Group, Intercede and Camco

LPA Group has experienced a better-than-expected third quarter and a 'very strong' start to the final quarter of its financial year to September 30th 2012. As a result it said expectations for the year are likely to be significantly exceeded.

By MoneyWeek

Published 21 August 2012 In Features

What's more, these improved trading conditions are expected to continue in to next financial year. The conditions are largely the result of additional orders for Airport equipment and Rail Passenger vehicle upgrade that have already been brought into production and partially delivered.

Security software provider Intercede rose after the firm swapped the three-year earnings per share performance target on its long term incentive plan with a share price target of 200p per ordinary share, as well as extending the vesting period to seven years from the date of the original award. In order to exercise the option, an average share price of 200p per ordinary share must be achieved over 30 consecutive dealing days.

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Clean energy projects group Camco received a grant from the US Treasury of around $6m in connection with the construction of its 4.5 MW anaerobic digester at a 15,000 head dairy farm located in Jerome, Idaho. The digester produces biogas from cow manure that is then used to produce renewable electricity. The majority of the funds received will be used to repay a loan which was used to fund part of the construction of the project.