Member Info for jange

We would comment that the announced split between of Andes between the E&P business and the Argentine utility holdings has yet to take effect. Whilst the AHI deal could be a transformatory deal for Andes shareholders, it may need considerable capital to drill up the acreage," the broker concluded.

"The company will acquire 2P [proved plus probable] reserves of 5.9m boe [barrels of oil equivalent] and risked conventional and unconventional prospective resources of 191m boe of oil and 8.1 Tcf (trillion cubic feet) of gas. This equates to prospective resources of around 1.5 billion barrels oil equivalent," Bassett noted. "The 117.1 million shares to be issued represent 40% of the enlarged share capital," Bassett added.

For the year ended 31 December 2010, AHI had net assets of $1.8m, net current assets of $1.5m and no liabilities. "The acquisition price of $78.4 per acre would indicate the acreage is of varying quality, and could need substantial capex [capital expenditure] to develop it," said Peter Bassett at Westhouse Securities.

"This move represents a diversification of our asset portfolio and provides Andes with solid platform from which to grow the E&P [exploration and production] business," he added. Consideration for the acquisition of AHI will be satisfied through the issue of 117.1m ordinary shares of Andes and 7m warrants, with the latter being exercisable over a five year period at various prices, namely: 45p (1.5m warrants), 54p (1.5m) and 70p (4m).

The Argentina-focused energy company Andes Energia has bought its sector peer AHI through a share swap. The deal means Andes gets assets in Paraguay, as well as two further sites in Argentina. "These assets represent an enormous potential in conventional and unconventional resources," asserted Nicolas Mallo Huergo, Director of Andes.

For Tempus in the Times, defence contractor Chemring is not a buy. It trades on just six times earnings and yields 6% so the maths look good but, short of a takeover bid, Tempus doesn't believe the shares are going anywhere and the sale of its marine flares brand, Pains Wessex, looks like a bad decision. Leave

In the Telegraph Aggreko gets the once over from Questor. There's no doubt it's a successful company, providing temporary power to everything from the Olympics to Glastonbury. Yesterday it announced a 250m-dollar contract to build a temporary power station serving both South Africa and Mozambique. But it trades at 20 times earnings and only yields 1.1 per cent. Too high for now. Questor suggests a hold.

Like the look of this one...once funds are available i will be topping up here.........

Broker finnCap is forecasting earnings per share of 14.2p for 2012 and 17.5p in 2013 to put the stock on prospective earnings multiples of 16.5 times and then 13.4. Strip out the prospective 40p per share of cash by year end and assume a justifiable premium rating of 17, investors could easily be looking at a share price beyond 340p by the end of 20

The Cambridge-based concern is pumping £22 million in to capital expenditure so it has sufficient capacity to meet demand for P3 products. This is on top of the average 7% to 10% of revenue a year Xaar sinks in to R&D as management seeks to maintain the firm’s competitive edge relative to less high-tech alternatives. A prototype P4 range is already under development and even though it will not be ready until 2014 and 2015 this exemplifies Xaar's canny forward planning.

Printing technology is moving rapidly forward and Xaar (XAR) has cleverly invested heavily in future growth potential. The £172 million cap serves two core industrial segments, the mature graphics art market, which largely still uses earlier generation P1 Xaar print heads, and the faster-growing digital-on-ceramics market, at which the company's latest P3 product lines are aimed.

Rumours suggested the deal was scuppered by Hill's relationship with Playtech which has its own mobile interests and saw a conflict of interest. With a potential divorce from Playtech on the cards, William Hill could soon be making another call to Probability.

Analysts expect William Hill to buy out Playtech but retain the software company's services. Such a conclusion is likely to have a positive impact on the share price. It could also trigger other corporate activities. William Hill tried to acquire Probability last year but walked away in November.

The bookmaker has a call option to buy out Playtech's (PTEC) 29% stake in William Hill Online in October 2013. Talks are underway to potentially end their joint venture at an earlier date with a decision expected by the end of the summer. The partnership was established in 2008 but the two parties have since clashed over strategy, resulting in 300 members of staff going on strike last year.

Trading is better than expected at Britain's largest bookmaker. William Hill's (WMH) first-quarter net revenue surpassed market forecasts after the bookie cleaned up on football results and its gaming machines. This prompted analysts to nudge up earnings forecasts and fuelled the share price momentum. The big issue to now address is the bookmaker's relationship with online business partner Playtech.

Probability says it takes five to six months to get a return on its investment in television advertising. It is worth the effort as Probability says the last quarter of its financial year (ending 31 March) broke previous records for player deposits, turnover and business to business revenues. House broker Daniel Stewart has a 132p price target, implying 74% upside.

The £20.4 million cap is applying for a licence to supply technology to gambling operators in Nevada. Acquiring customers comes at a cost, which is why analysts downgraded profit forecasts at last month's trading update (26 April). It is a highly competitive marketplace, so lots of money must be spent on marketing to get noticed by consumers

Mobile gambling is taking off in a big way and mobile specialist Probability (PBTY) is an excellent way to play this trend. 90% per cent of its revenue comes from consumer-facing games, mainly through its LadyLucks brand. It also has a white label service for clients including William Hill (WMH), Paddy Power (PAP), Rank (RNK) and Ladbrokes (LAD). Probability has become an established player in the UK-focused mobile gambling scene and is now exploring opportunities in the Americas. It is providing software for Mexico-based Caliente, one of the largest gambling operators in South America, which will launch once there is regulatory approval.

It says there are several 'material' growth opportunities for Paddy Power. These include further growth of the core online business, driven by mobile and new games developments. It sees progress in Australia, aided by an improved technology platform and the replication of successful marketing techniques used in Europe. It also believes Paddy Power can expand its business-to-business arm to build on gains seen in France and Canada. The cherry on top would be favourable regulatory changes in Australia and potential expansion into the US where it has applied for a licence in Nevada.

This is wholly deserved as Paddy Power is a premium operator. The balance sheet is debt free. It achieves high margins and a forecast return on sales of 21.6% for 2012 provides plenty of money to reinvest in the business. Earnings and dividend growth have consistently been achieved over the past five years, despite the costs incurred to expand the business. Paddy Power is making headway in Australia, France and Canada and will this year make its Italian debut. Irish stockbroker Davy reckons the shares will rise to €53 by March 2013.