Member Info for Babbler2

RECOMMENDED CASH OFFER by FN HERSTAL SA for MANROY PLC · The Boards of FN Herstal SA ("Herstal") and Manroy Plc ("Manroy") are pleased to announce that they have reached agreement on the terms of a recommended cash offer to be made by Herstal for the entire issued and to be issued share capital of Manroy (the "Offer"). · Under the terms of the Offer: Manroy Shareholders will receive 85 pence in cash per Manroy Share · The Offer represents a premium of: (i) 51.8 per cent. to the Closing Price of 56 pence per Manroy Share on 25 November 2013 (being the last Business Day prior to the commencement of the Offer Period); (ii) 61.4 per cent. to the average Closing Price per Manroy Share of approximately 53 pence over the three month period ended 25 November 2013 (being the last Business Day prior to the commencement of the Offer Period); and (iii) 62.4 per cent. to the average Closing Price per Manroy Share of approximately 52 pence over the twelve month period ended 25 November 2013 (being the last Business Day prior to the commencement of the Offer Period). · The Offer values the entire issued and to be issued ordinary share capital of Manroy at approximately £16 million. · Herstal is part of the Herstal Group, a Belgian based designer, manufacturer and distributor of firearms and related accessories for defence, law enforcement, hunting and marksmanship. · The Manroy Directors, who have been so advised by Opus Corporate Finance, consider the terms of the Offer to be fair and reasonable. In providing advice to the Manroy Directors, Opus Corporate Finance has taken into account the commercial assessment of the Manroy Directors. · Accordingly, the Manroy Directors intend to recommend unanimously that Manroy Shareholders accept the Offer, as they (and certain of their immediate family members) have irrevocably undertaken to do in respect of their entire beneficial holdings, which, in aggregate, amount to 3,086,013 Manroy Shares, representing approximately 16.2 per cent. of the existing issued share capital of Manroy. · Herstal has also received irrevocable undertakings to accept the Offer from certain Manroy Shareholders, namely Caledonian Heritable Limited, John Celaschi, Liopleurodon Capital Limited, Surinder Rajput and Nigel Cobby, in respect of 7,211,859 Manroy Shares representing, in aggregate, approximately 37.9 per cent. of the existing issued share capital of Manroy. · Therefore, as at the date of this announcement, Herstal has received irrevocable undertakings to accept the Offer in respect of a total of 10,297,872 Manroy Shares, representing, in aggregate, approximately 54.1 per cent. of Manroy's existing issued share capital. All of these irrevocable undertakings are binding in

Just noticed this too - ie this will open at 85p anyway? 28 March 2014 - Announcement by Herstal SA of offer for Company at 85p per share, valuing Company at £16.2 million.

MCAP is same as order book: Order book increased at 30 September 2013 by 53% to £14.7 million (2012: £9.6 million) One for the ever increasing watchlist! Oh wait - was already on there! DOH!

Nice: · Revenue increased by 20% to £8.9 million (2012: £7.4 million) · Export revenue increased to £7.1 million in the year (2012: £1.9 million) · Provisions for impairment of US Associate of £5.1 million · Resultant post-tax loss of £6.3 million (2012: post-tax loss £1.5 million) · Adjusted post tax profit of £0.2 million (2012: £0.1 million) · Adjusted earnings per share of 1.0p (2012: 0.7p)

yup - nice rns.

One for the watchlist as a turnaround company! :)

Results out - seem good on the surface - need to look deeper? From the negatives on here... n Group sales increased by 11.7% to £9.920M (2012: £8.880M). n Operating profits before exceptional costs and amortisation of intangible assets rose by 60.4% to £863K (2012: £538K). n Pre-tax profits increased to £0.624M (2012: £0.129M). n Earnings per share advanced fivefold to 0.25p per share (2012: 0.05p). n Group bank debt reduced by 42% to £1.692M (2012: £2.915M).

Nice results.

Good - double expectations since 2013 - however MCAP als more than trippled since start of 2013. So in line...?

Excellent news. Surprised it's so low still.

Im just interested in Eagle Eye now :)

Well done - will wait for it to settle... whats your target?

Effectively another investment company now? With an interesting future...

Yup - revenue half the mcap.

The Board has determined that the Company's Investing Policy will be to seek opportunities in the technology sector. The Company's objective is to generate an attractive rate of return for Shareholders, by taking advantage of opportunities to invest in the telecoms, media and technology sector. There will be no limit on the number of projects into which the Company may invest, and the Company's financial resources may be invested in a number of propositions, or in just one investment, which is likely to be deemed to be a reverse takeover pursuant to Rule 14 of the AIM Rules.

Interesting: 2ergo Group plc announces it has conditionally agreed to sell 2ergo Limited (the "Subsidiary"), its mobile coupon and loyalty business for a total consideration of £4.5 million to Eagle Eye Solutions Group plc (the "Disposal"). Eagle Eye Solutions Group plc ("Eagle Eye) is a leading digital consumer engagement business that is expected to float on AIM on or around 17 April 2014. The consideration will be settled by a payment of £2.5 million in cash and the issuance of £2 million of stock in Eagle Eye at the IPO placing price. The Disposal constitutes a fundamental disposal pursuant to Rule 15 of the AIM Rules and requires the approval of Shareholders. A circular, containing further details of the Disposal is expected to be posted to Shareholders and will be available on the Company's website www.2ergo.com Summary of the proposals: · 2ergo to dispose of materially all of the Company's business and IP for a total consideration of £4.5 million · Company will become an Investment Company under the AIM Rules · Investing policy will have an initial focus on the TMT sector · Company will have net assets at the date of Disposal of approximately £4.75 million with cash of approximately £2.9 million before expenses related to the Disposal · 2ergo anticipates that it will own approximately 6% of Eagle Eye on flotation. The board of 2ergo believe that Eagle Eye has a strong management team and complementary technologies · Change of name to Broca plc Commenting on the Disposal, Ian Smith, Executive Chairman said: "The management team has worked incredibly hard to continue to prove the value of the technology the Company has created. The Board remains confident that the podifi technology has the ability to be a leading architect of change in the digital coupon and loyalty arena. However, sales traction has continued to be slow and we cannot give our shareholders the certainty they require over the Company's requirements for further funding to develop the opportunity independently. We are optimistic and enthusiastic over the ability of Eagle Eye to combine the two company's technologies and to leverage its Board's experience in the retail sector to successfully penetrate the market."

Nice Highlights o 17% revenue growth to £24,457,000 (2012: £20,822,000) o 135% growth in operating profit to £3,550,000 (2012: £1,513,000) o 135% increase in profit before tax to £3,556,000 (2012: £1,515,000) o 137% growth in earnings per share (diluted) 18.7p (2012: 7.9p) o Strategically important "Juicy" products grew 28% o Largest 10 clients by revenue grew 61% o Strong growth in the UK and US, the Company's largest operations o Grew in all other geographies that we operate in other than Germany o Voted the most innovative market research firm for the third year running in the global GreenBook Research Industry Trends survey Dividends o Paid interim dividend of 0.9p (2012: 0.85p) o Paid first special dividend of 12.0p in October 2013, representing £1,508,000 return of cash to shareholders o Proposed final dividend subject to shareholder approval of 3.0p (2012: 2.25p) o Proposed second special dividend of 12.0p, representing a further £1,508,000 return of cash Net Cash o Cash of £6,188,000 as at 31 December 2013 (31 December 2012: £3,755,000) o No debt Commenting on the Company's results, John Kearon, Founder and Chief Juicer of BrainJuicer, said: "The year was testament to our fantastic staff's collective tenacity and temperament, as well as to the market moving meaningfully in our direction. For many years we have been the most vocal and profound advocate of applying Behavioural Science to improving the predictive power of market research. Now there seems to be a meaningful move to adopt this thinking. And, while the rest of the industry talks about the potential of Behavioural Sciences, we're already applying our award-winning suite of Juicy tools and models to help clients create famous marketing that impacts their bottom line. We have made a promising start to 2014. As always, however, given our limited revenue visibility we cannot predict with any certainty how the year will unfold. What we do know is that the coming years will be exciting." The Company can be found at www.brainjuicer.com.

Oversold yesterday - could bounce nicely today imo.

Quiet board. Nice results Total revenue for the year - US$41.3 million (2012: US$30.7 million) including: · Management Fees - US$23.9 million (2012: US$20.5 million) · Performance Fees and other income - US$17.4 million (2012: US$10.2 million) · Operating Profit - US$9.5 million (2012: US$5.1 million) · Net Profit after Tax and Minority Interest - US$4.2 million (2012: US$1.9 million) · Earnings per share - 1.5 US cents per share (2012: 0.7 US cents per share) · Total Dividends - paid and declared in respect of 2013 - US$4.3 million (2011: US$2.8 million) · Assets Under Management- US$2.73 billion (2012 US$2.63 billion) · Strong financial position - US$25.3 million held in cash · Group well positioned for an recovery in Emerging Markets with strong operational base offering significant capacity for future growth in AuM

May still be time to get in after all; "Overall, whilst I am somewhat disappointed by our bottom line result for the six months, I am very happy that we have now made the strategic investment in our facilities, order book and marketing effort which we believe have laid the foundations for significant growth in the future. In the period under review, I was not called upon to provide further working capital support to the Company which is a further testament to the growing strength of the Group. "