Member Info for GedW

[IHP] With annual savings of around £285k this has got to benefit the overall group. On 15 June 2010 Intellego's original trading subsidiary, Intellego Group Ltd ("IGL"), also agreed a CVA proposal with its creditors. The main activity of IGL was the distribution of third party software. A substantial part of this was sold in April 2010 and plans to regrow the business have not been as successful as forecast. On 23 June 2011 the directors decided that the continuation of the CVA for IGL was no longer viable and the Supervisor of the CVA was asked to wind up IGL. The effect of this on Intellego's consolidated accounts is expected to be a reduction in annual sales of c. £365,000 and a reduction of liabilities of c.£645,000, benefitting the net assets of Intellego by the same amount.

[STI] Announced today that AngloGold Ashanti ('AngloGold'), the world's third largest gold producer, is taking a 11.5% stake in the Company. Highlights ü AngloGold to make a £3 million private placement into Stratex ü Placement will be conducted at a 10% premium on 20-day average share price ü Funds will be used in part to fast-track exploration in the Afar Epithermal Gold Province in Ethiopia and Djibouti ü Ongoing discussions regarding potential spin-off of Stratex's East African exploration assets to attributevaluation to these assets and maximise shareholder exposure Stratex Chairman Christopher Hall said, "We are delighted that AngloGold has expanded its involvement with Stratex through this substantial £3 million private placement. AngloGold is already a strategic partner, working with us on the Megenta epithermal gold discovery, where a 3,000 metre drill programme is currently underway. We believe that AngloGold's clear understanding of the significance of the Afar region as a new epithermal gold province, which is demonstrated by its commitment to fast track regional exploration, is one of the motivators behind this placement. With this in mind, we are confident that this placement offers us the potential to rapidly add value to our exciting and expanding portfolio of gold exploration projects in East Africa. "In parallel with this development, our Turkish portfolio of gold and copper exploration and development assets is progressing well, as demonstrated by recent alliance agreements on the Altunhisar copper project with Centerra Gold and porphyry copper exploration with Antofagasta, which offer the opportunity to add value through the addition of new projects. Importantly, our exploration activities are underpinned by the impending gold production from our Inlice project also in Turkey in the first half of 2012. "As a result the Board is of the opinion that a spin-off of the East African assets within the next 6-12 months should be given due consideration to maximise shareholder value. Importantly, this would also allow the market to attribute the full value that we believe these exciting developments merit. A final decision would be dependent on the success of the current drill programme at Megenta, the prevailing market conditions and the views of our shareholders, but any decision taken by the Board in this regard will be focused on delivering the maximum value for all shareholders."

[POL] Announcement published with respect to an offer by Guangdong Rising (Australia) Pty Ltd ("GRAM") to acquire 100% of the issued shares of Caledon. Polo holds an interest of approximately 29.8% in the issued share capital of Caledon in addition to £2.5 million of Caledon's 8.5% unsecured Convertible Loan Notes issued in 2010. Should GRAM complete its proposed acquisition of Caledon at the announced price of 112p per share, Polo will receive total proceeds on disposal of its interest of approximately £100 million equivalent to approximately 4.36p per issued Polo share.Neil Herbert, Executive Co-Chairman and Managing Director of Polo said:"The disposal of our interest in Caledon will provide the company with £100 million in additional liquidity. Subject to and upon completion of the sale and receipt of cash proceeds, the Board of Polo intends to utilise part of the proceeds to fund a special dividend to shareholders of 1p per share. "Polo's strategy is to identify assets, listed and private, which have the potential to increase shareholder value. "We are in the strong position of having cash to build on our portfolio of investments which includes; coal, iron ore and gold projects, which have the potential to deliver superior returns to shareholders."Investment update: Estimated proceeds from the sale of Caledon £100.00 million 4.36p Listed Investments[1] £30.70 million 1.34p Non Listed Investments[2] £13.20 million 0.58p Cash £18.40 million 0.80p Total £162.30 million 7.08p

[SRT] Final results published and they make interesting reading! HIGHLIGHTS * 157% increase in revenue to £9.15 million * Profit after tax, ahead of market expectation, at £2.17 million (2010: loss of £0.2 million) * Gross margin of 48% * Cash balance of £3 million and debt free * $3.2 million forward order book as at 1 June 2011 * Acceleration of new product and application development * Significant growing global markets

[POL] I have been in the market again to buy up a further tranch of shares as I believe [POL] to be significantly undervalued, not only on current prospects, but on future perspectives. With a current upside of at least 50% it is only a matter of time before this is recognised by the Corporate good and powerful. The main directors have been in the market snapping up the cheaply rated stock. GL

[SLG] Rescue secondary offering. This will hit the "city" like a bolt out of the blue. Can [SLG] recover from this? Yes! but slowly and with a new management.This is still a hot stock for the future but the management needs replacing pretty quickly as all recent and previous fundraising is being squandered quicker than promissed sales and contract wins can provide. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10892124

[POL] Tangible book value is estimated at £204mns and with an issued share cap of 2.3bns shares equates to 8.7p/shares a massive 50% upside from current share price. A bargain of a share if ever there was one !

[INB] http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10890969

[PSQ] Announces today that it is launching a new hosting and managed services proposition to commercialise its data centre facility. As well as migrating its existing clients to the facility, the Group has signed a partnership agreement with a data centre specialist in order to drive new customer sales and we are delighted to announce that we have already secured our first new clients.The Tier 3 data centre, which currently comprises over 10,000 square feet and can accommodate up to 320 racks, is located on a six acre freehold site at the Group's offices in Hellaby, Rotherham. The commercialisation of the data centre creates a new revenue stream for Parseq and further strengthens its recurring revenues. The Group expects to see the benefits from the launch coming through by the end of Q3 of this year, with the migration of existing clients also delivering cost synergies from 2012 onwards. The new hosting proposition reinforces Parseq's market position as a provider of secure, PCI compliant solutions within a managed services environment and in particular helps to further differentiate our mobile banking offering. The combination of our products and services with our own hosting capability represents an attractive solution for both new and existing customers as companies increasingly seek a full managed service provision, as demonstrated by the new customer wins. Rami Cassis, Chief Executive Officer of Parseq, said,"Our state-of-the-art data centre represents a valuable asset for the Group following the completion of the upgrade programme and partnership agreement. This is an important milestone which will provide significant further revenue and earnings before interest and tax ("EBIT") growth."

[OPE] As previously announced the Company had planned to sell Optare's Rotherham plant in two parts and the Board is pleased to announce that the sale of the first part of the site has now been completed for just under £1 million. The Board is progressing with the sale of the second part of the site and a number of parties have given expressions of interest for the remaining part. Following the repayment of Optare's £6.3 million term loan in April this year and the completion of this first part of the sale of the Rotherham site, Optare's total term debt has been reduced to £1.4 million. The Board expects that this remaining term debt will be largely covered by the sale of the second part of the site anticipated during Q3. The Board believes that once the second part of the sale is completed and the Company's term debt is eliminated the Company will be well placed to initiate a full review of its banking position which will ensure that the Company has appropriate banking facilities in place for a company of its size and scale.

[WSG] An excellent report after a backdrop of difficult trading conditions which appear to be behind us and the future outlook looks prosperous. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10881614

[IHP] This is a tremendous breakthrough considering the negative pundit appraisal released recently. Has announced a partnership with law firm Pannone to launch a digital Anti-Bribery training course to help companies ensure that they have 'adequate procedures' in place to prevent bribery and corruption.The partnership between Intellego and Pannone will see the production and distribution of a series of digital compliance and regulatory products.The first product, an Anti-Bribery course, is designed to ensure organisations are fully compliant with the Bribery Act 2010 which comes into force on 1 July.The Act is widely acknowledged as one of the strongest pieces of Anti-Bribery legislation in the world. In particular, the new corporate offence of failing to prevent bribery allows for unlimited fines for those businesses falling foul of the law.The only defence available to an organisation is to have in place 'adequate procedures' to prevent bribery. The UK Ministry of Justice has published guidance on 'adequate procedures'. The guidance states "... training is likely to be effective in firmly establishing an Anti-Bribery culture whatever the level of risk." The digital Anti-Bribery course will assist companies in ensuring that they have 'adequate procedures' in place. It has been written by Zia Ullah, formerly Group head of Anti-Bribery policy at Barclays Bank. Zia is a partner at Pannone which has been, and is currently, involved in some of the UK's most high profile corruption cases brought by the Serious Fraud Office (SFO). The Anti-Bribery course is a turn-key e-Learning solution, which helps clients:TRAIN their staff to understand the risks associated with bribery and how to spot and report it. TEST knowledge on internal policies and procedures and provide feedback. AUDIT all training records via an easy-to-use database and one click reporting. Zia said: "This product has been designed to take a practical approach to Anti-Bribery compliance and will allow companies to demonstrate they have communicated an anti-bribery message to staff and will help embed a culture of zero-tolerance towards bribery within any organisation." Angus Forrest, chairman of Intellego, commented: "We are delighted to make this announcement as a further step in our development of both distribution channels and subject matter experts for new products with wide appeal."

[PPR] This contract announced a few sessions ago was well reported and thrashed about on the various chat boards, as welcome as the contract is is not the catalyst we were hoping for to bring excitement to a current dull share but prospects are alleged to be very sound. Announces that the Group's North American Division, International Glass Solutions (IGS) has been awarded a new contract for the installation of energy saving sun control window film on several buildings located in the State of Arizona, USA. The contract is valued at approximately US$200,000. The contract, awarded by property asset management company, Biltmore Properties on behalf of Healthcare REIT, is for a total of four buildings, two of which will be completed in May with work commencing immediately. The remaining two buildings are scheduled to be completed in October 2011. Commenting, Pentagon Protection's Managing Director and Vice President of IGS, Steve Chambers said: "IGS is very pleased to have been awarded this project, which will significantly improve the energy efficiency of the glass in these buildings and provide energy savings and enhanced comfort benefits for the building occupants. IGS's strength is project management and the award of this project recognizes IGS's ability to provide a rapid service and quality installation throughout the entire process from award of contract to completion of works and after-sales service. This project dovetails in well with our other ongoing global projects, which include our work for the European Commission in Brussels and our window upgrade works for an overseas government to provide increased protection at missions within volatile areas, as well as with projects we are currently pursuing. We are hopeful that the immediate future albeit sometimes challenging will be busy and bring with it further opportunities for all divisions within the Group."

[INB] Sinotrans is the fourth major investor with its soon to be 165mns of the isc and joining the member ranks with substantial holdings in this soon to be major logistics player amongst the high and mighty. http://www.sinotrans.com/portal/wps/portal/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3hnd0cPE3MfAwODQD8DAyO3QJcQU38zQ6NAM30_j_zcVP2CbEdFAFdiGOw!/dl3/d3/L3dDb0EvUU5RTGtBISEvWUZSdndBISEvNl9DR0FINDdMMDBPNkwzMDJGRFRWNzFKMU4wNg!!/

Theoretical post placing ex price. This is not the ex placing market price as that is dependent on market forces but the ex placing price ceteris paribus: currently issued share cap ("isc") is 303mns shares. New shares 165Mns therefore post placing isc 468mns. [(303mns isc x 3.85p) + (165 mns new sharesx 11p)]/465mns = [(£11.67mns) + (£18.15mns)]/468mns isc = £29.82mns/465 = £0.064p theoretical price. The ex placing price is therefore worth .0255p/share. GL with investing in this rising logistics star

[INB] A precis of what we are invested in ! http://www.businessmagnet.co.uk/company/inbulktechnologiesltd-67257.htm

[INB] http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10871656

[PSQ] http://news.o2.co.uk/Press-Releases/O2-Names-Financial-Services-Partners-307.aspx

[PSQ] Provides further details today on the major mobile banking contract win announced yesterday, 19 May 2011. The three-year contract has been secured with O2 to build, host and manage its new mobile wallet service. O2 is launching the O2 Mobile Wallet in the second half of 2011 to provide customers with a range of financial services. The mobile wallet will enable customers to use their handsets not only to manage money and accounts but also for contactless payments, mobile shopping, mobile phone top-up and exchanging money with friends. This represents a revolution in the way that consumers can manage and spend money on the move.Parseq's mobile and online banking software business, Intelligent Environments, has been selected following a competitive tender process to develop and manage the wallet application across a wide range of handsets. The Group has already established extensive mobile financial app experience and this contract recognises its ability to provide a complete mobile banking app service, including software, hosting and support, via a highly secure platform. James le Brocq, Managing Director of O2 Money, said, "We required an application provider that could work closely with us to develop a new and exciting channel to market for O2 Money. We want to give our customers a platform to manage money in an easy yet secure mobile environment, working across a wide range of handsets. Intelligent Environments will work with us to deliver an app to meet these needs and also create future opportunities for our customers to use their phone as a payments device." Rami Cassis, Parseq's CEO, said, "Our mobile and online banking software business is well positioned to capitalise on the growing appetite for mobile financial apps. This contract is testament to the strength of our mobile proposition and we are delighted to support O2 in its strategy to bring innovative mobile financial services to the UK market."

[PPR] Olympic games et ramifications of recent developments.. Firstly As a result of Dr Wyatt stepping down from day to day dealings with PPR, Dr John Wyatt retired from the Board of PPR as of 28 April 2011 and stepped down as the executive director of the SDS Group. While Dr. Wyatt will no longer be involved in the day-to-day operations of the business, he will continue to work and be involved with Pentagon's security division SDS Group in a consultative and advisory capacity. could this now allow his advisory role to the Olympics committee not hinder contract wins by PPR before and during the Olympics as there can be no accusation of nepotism ? Secondly In a further development announced recently contract award valued at £429,000 for the supply of the very latest state-of-the-art portable digital x-ray equipment to the Metropolitan Police, a client of longstanding, as they continue to upgrade their existing equipment. , this xray device utilised by the Met Police is hot gossip amongst the London criminal fraternity as it is now being talked about openly as the scourge to their operations. Maybe more Police forces will adopt such crime prevention/detection measures