George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Publishing, events and electronic information group Euromoney Institutional Investor (ERM) said sales trends have broadly been positive over the last three months, with overall trading in-line with expectations. The group, a unit of British newspaper group Daily Mail & General Trust, added that it expects to announce an adjusted pre-tax profit for the half year ended 31st March 2011 of not less than 40 million pounds. This compares with a profit of 40.1 million pounds in the comparable period a year earlier. Euromoney shares declined 12.5p to 685p.
http://www.investegate.co.uk/Article.aspx?id=201103250700066026D
Euromoney trading as expected Date: Friday 25 Mar 2011 LONDON (ShareCast) - Euromoney Institutional Investor, the business publisher and exhibitions organiser, is trading in line with expectations and will make at least £40m in the half-year to 31 March. “Sales trends over the past three months have been broadly positive, particularly for the events businesses for which the third quarter is the most important of the year,” the firm said Friday. But it did warn that delegate sales for the training business have “struggled” to achieve year-on-year growth. Customers don’t want to commit given the uncertain economic outlook and trouble in the Middle East, a key market, is also hurting business. Revenue comparisons have become much tougher since the start of the second quarter, the company added. Different timings for events mean headline delegate revenues will probably show a year-on-year decline in the second quarter. Growth in subscriptions, advertising and sponsorship revenues is also slower than the first quarter. A £4m increase in long-term incentive expense, the absence of one-off cost savings of £2m in 2010, and a reduction in the adjusted operating margin of about two percentage points offset revenue growth in the first half. Adjusted profit will be not less than £40m, down a fraction from £40.1m a year ago. Interim results are out on 19 May.
Been watching this for a while ...... Chart looks like H&S pattern forming. "potential short candidate" ? Euromoney executive sells all his shares Fri 21 May 2010 http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=3474082