Member Info for jange

Brewin Dolphin Holdings, one of Britain's largest investment and financial planning firms, reported a 36.5 per cent hike in profits in its annual report released Friday. The FTSE 250 company's profit before tax stood at £29.9m for the year end September 30th, up from £21.9m in the comparative period. Total income increased 2.1% to £269.5m and total managed funds climbed 7.9% to £25.9bn. Business was bolstered by company expansion with a new branch in Ipswich and additional teams in Birmingham, Jersey, Bristol, London, Newcastle and Dublin. The firm said it was also helped by the fact the investment management market was a growing sector, competition was relatively fragmented and price competition was low. However, it said regulation continued to set back businesses in the financial sector in the UK and overseas.

? Court ruling in favor of Global's subsidiary company The Cassation Court of Kuwait has issued its ruling on 20, December, 2012, related to the litigation between Twenty Sixth Project Management Company, a subsidiary of Global Investment House and Al-Imtiaz Investment Company. The Cassation Court of Kuwait has said that the ruling has revoked the Appeal Court ruling and rejected the appeal made by Al-Imtiaz Investment Company and has confirmed the ruling of the First Instance Court obliging Al-Imtiaz Investment Company to pay Twenty-Sixth Project Management Company the amount of QAR15,197,625 (Approx. USD4.2 Million) or equivalent in Kuwaiti Dinars along with all expenses and legal fees. FOR FURTHER INFORMATION: Moustafa Zantout Senior Vice President Marketing & communications Global Investment House Tel: +965 2295 1615 Fax: +965 2295 1638 E-mail: mzantout@global.com.kw

Top Director Buys Terra Capital (TCA) Director name: Mr Filip Montfort Amount purchased: 40,000 @ $0.79 Value: $31,600

Capital & Regional (CAL) Director name: Mr Hugh Scott-Barrett Amount purchased: 75,000 @ 28.97p Value: £21,728

"Providing the group with a firm financial foundation for the medium term was an important accomplishment in the year," it said in a statement. "The new arrangements with the group's pension scheme and agreement on new banking lines finalised in late November - both running through to the end of 2015 - mean that the work to position the group to achieve growth, irrespective of tough domestic markets, can come through." The firm had a net cash balance of over £5.0m at the end of the year. William McGrath, Chief Executive, added: "Our great brands, tight cost control, product innovations and international market development programmes continue to sustain us against the headwind of weak housing transaction levels - for which prospects are now somewhat better. We will be investing in our key brands to make sure 2013 is a more progressive year for the group."

"Providing the group with a firm financial foundation for the medium term was an important accomplishment in the year," it said in a statement. "The new arrangements with the group's pension scheme and agreement on new banking lines finalised in late November - both running through to the end of 2015 - mean that the work to position the group to achieve growth, irrespective of tough domestic markets, can come through." The firm had a net cash balance of over £5.0m at the end of the year. William McGrath, Chief Executive, added: "Our great brands, tight cost control, product innovations and international market development programmes continue to sustain us against the headwind of weak housing transaction levels - for which prospects are now somewhat better. We will be investing in our key brands to make sure 2013 is a more progressive year for the group."

AGA Rangemaster, a firm which specialises in range cookers and kitchen living, has said its overall revenues for 2012 were down two per cent, primarily because of declines in Ireland and currency movements. However, the group was keen to stress that profit before non-recurring costs, finance costs and tax is set to be ahead, despite continuing headwinds of weak consumer demand in the home move and improvements markets which left cooker revenues slightly lower. Looking ahead to the current year, the comapny said it will see "continued cost reduction measures in response to demand levels" and major steps will be taken to improve its position at Waterford Stanley in Ireland and at Grange, which had a weak end to the year in North America.

International Ferro Metals advanced Friday after confirming that operations at its two furnaces had returned to normal following the replacement of the electrode paste in late December. The company announced in November that the furnaces were experiencing productivity issues due to recurring electrode breaks. The ferrochrome producer said the root cause has now been fixed and the furnaces are operating at full load. "The company is confident that the electrode issue has been fully resolved and appropriate action has been taken to prevent it from happening again," it said in a statement.

Stephen Davidson, Executive Chairman, said: "I am pleased that we expect to deliver 2012 results in line with the trading statement we made on 6th June 2012. During a period of sustained economic pressure and notwithstanding the additional demands of the Strategic Review processes, our people remain committed to the improvement and modernisation of our products and businesses. "In 2013 we expect further benefits to come from restructuring initiatives and the launch of new subscription packages that provide our readers different and innovative ways to access our content."

On-going earnings before interest, tax, depreciation, and amortisation (EBITDA) for the year were around €89m. Total group EBITDA is estimated to be €105m. The group said it expects adjusted earnings per share from on-going operations to be around 24 euro cents, and expects to propose a final dividend in line with its stated dividend policy of dividends being about three times covered by net adjusted earnings. Total operating costs for the year were around seven per cent lower than in 2011, with the on-going restructuring programme contributing significantly to this reduction. Mecom also revealed that "expressions of interest" have been received for the entire Danish operations, and it will invite a "small number" of potential buyers to conduct due diligence shortly. In Poland, it received a number of offers for the group's operations and is now in exclusive discussions with one party.

Mecom, a Northern Europe-focused publishing business, saw its shares rise after announcing that it is in discussions with its lenders to extend the term of the current bank facilities by one year. The share price was also boosted by the news the company's subsidiary, Koninklijke Wegener, had to pay €2.2m rather than €20.6m to the the Dutch Competition Authority, in respect of alleged breaches of undertakings given by Wegener at the time of its acquisition of VNU Dagbladen in March 2000. The fine was settled in December, it said. The group also said that its full year results for 2012 are expected to be in line with previous guidance, with total revenue down around nine per cent compared to the previous year. In the fourth quarter of 2012, the group continued to experience advertising revenue declines in all territories, with total advertising revenue down by 17% in the three months to December 31st, compared to a 20% decline in the third quarter, resulting in a 17% decline for the full year.

The full results will be announced in February.

The company now plans to open an office in Melbourne, Australia. While the sales were up overall, the company experienced a decline in services of search engine optimisation (SEO), pay per click and managed campaigns. "Despite our efforts to reposition the search marketing business to mitigate the impact of the changes made by Google to their search engine algorithms in 2012, it has become clear in recent months that the original strategy of cross-selling SEO to the small and medium enterprises clients of dotMailer is now less attractive and less profitable because of reduced operating margins and is increasingly seen as a distraction to the core strategy of growing email marketing revenues," the company said in a statement. However, that company said it has continued to see recurring revenues and is predicts growth this year.

dotDigital Group, a software and digital marketing company, reported on Friday a 22 per cent sales increase during the last half of 2012 as new clients including BBC Worldwide and Balfour Beatty jumped on board. Email marketing, e-commerce and website building services were the top performers, the group said in a trading update for the six months leading to the end of December. A 38% increase to £4.1m in email marketing, including Saas licence and usage, was driven by new clients in the corporate sector and demand from existing customers. Clients who joined the company over the period were BBC Worldwide, e-Consultancy, Harveys, England Hockey Board, Investec, Osprey London, BP International, ITV, Odeon Cinemas, Ryman, Delice de France, Surrey County Council, City & Guilds, Cartridge World, Balfour Beatty and Help for Heroes. The newly opened New York office also helped boost revenues as it signed its first email marketing client just before the Christmas holiday.

Good news to push us forward with our development in asia......

Luxury jeweller Theo Fennell has reported a 'disappointing' Christmas trading period which it said was due to a challenging UK consumer market, an uncertain economic environment and a lack of footfall to the stores. As such, results for the year ended March 31st 2013 will be "materially below management expectations". However, the company was keen to stress that its cost savings will help mitigate losses for the full year.

Business Vatukoula Gold Mines is a producing gold miner with assets in Fiji, where the company is currently reconfiguring its underground operation to allow the expansion of production to

Bull •Significant resource size. •Growing production profile. •Reserve upside via the conversion of existing resources. Bear •High operating costs. •Further re-development work to be done in 2013, which may require additional equity fundraise. •Plant optimisation required to improve recoveries and cyanide consumption.

Valuation: Near-term production growth Vatukoula is a developing gold producer with near-term production growth. The company has made significant investment to restructure its mine, with steady-state production expected in 2014. If executed, we could expect to see VGM trade above its current EV/Resource valuation of US$11/oz, which is at a significant discount to the London average multiples for explorers (US$26.33/oz) and producers (US$112.52/oz)....

Looking forward – Cayzer-Prince Following the company’s investment, we could expect the mine level operating costs to fall as the programme exposes higher-grade areas, including Cayzer-Prince ore body (16-18g/t). These targets will allow the majority of ore to be mined for the foreseeable future and should be accessible for production from March 2013.