Member Info for jange

Held up very well today under terrable market conditions,once we start getting some news flow this will move north nicely good luck all......

Good rns i thought i know more shares on offer now,but the company can go forward with a clean slate good luck all..

This is were you have been hiding...

Healthcare Locums, a medical staff provider, has told investors that proceedings have been filed against the firm Permian Master Fund; Permian Investments Partners; Arundel Capital; Arundel Long Fund; Arundel Hedge Fund; Privet Capital and Flinn Investments. They allege that HL and three of its former directors made misrepresentations during 2010 concerning the Company's profitability and its accounting practices. The firm is taking legal advice.

Braveheart Investment Group, has been appointed to manage a £50m growth loan fund aimed at supporting small to medium-sized enterprises in Northern Ireland. Braveheart is the lead bidder in a consortium of firms. The fund will operate on a matched funding basis and will be constructed as a limited partnership with a 10-year term, subject to extension. The regional business development agency has committed £25m to the fund, while a further £25m is being committed by the private sector. The company said the move is the direct result of its strategy to increase the fee earning side of the business

Speymill Macau Property, a real estate investor, is working on ways to offer an exit path for shareholders wo do not want to stick with the company after it changes its investment policy. The company recently completed the sale of the AIA Tower in Hong Kong, and said that the Special Purpose Vehicle that owned the AIA Tower will be liquidated as soon as possible after the expiration of the nine month period which allows for any claims from the buyers. Following the sale of the tower and concomitant expenses, including tax liabilities, the firm believes that the unaudited and undiluted net asset value (NAV) per share of the company is around US$0.855. More than 70% of shareholders are believed to wish the company to continue albeit with a change in its investment policy and appointing Terra Partners Asset Management as the Company's investment manager. Investors who wish to realise their investment are likely to be offered the change to tender their shares at 97% of the NAV

Outsourcing firm Xchanging underlined unveiled better than expected profits for 2011. The company, which provides back office functions like invoice payments and procurement and counts the London Metals Exchange and Gatwick Airport as clients, once traded above 300p per share but a couple of profit warnings and a board room reshuffle saw its shares slump to double-digit status last year, though 2012 has been much kinder to the share price. Revenues for 2011 came in at £650m, below the consensus forecast of £671.5m but adjusted operating profit came in ahead at £43.2m versus £40.4m. Xchanging had to contend with a major contract loss last year, when BAE systems failed to renew its personnel agreement, although the firm continues to work for BAE in the US while French cosmetics giant L'Oreal signed on the dotted line in 2011. Xchanging also managed to sell its US workers' compensation business and re-negotiate new banking facilities during the year. Xchanging has suspended its dividend as it seeks to recover from the BAE loss which contributed, in part, to a 25% share price decline last year. The Chief Executive, Ken Lever said Xchanging had been "stabilised" and was now on a "sound financial footing" but made clear that: "Our success in 2012 will be measured by the extent to which we turn new sales opportunities into contracts".

n Amalgamated Racing (AMRAC), which holds licences to broadcast from 34 racecourses, saw profit before tax drop for the year ended December 31st. Pre-tax profit fell from £7.71m in 2010 to £7.15m in 2011, after revenues fell from £29.9m to £28.2m, which the firm emphasised was against a backdrop of economic turmoil. Operating costs during the period decreased from £22.4m to £21.3m. David Craven, Chief Executive Officer, said: "We have made significant progress this year. In the context of our strategic aim to deliver long-term growth, our performance in 2011 is pleasing. AMRAC has continued to perform well, SportingWins has signed several contracts with further contracts in the pipeline, and we have successfully begun our investment programme, establishing foundations for the future of Timeweave. "Against a backdrop of economic turmoil, our core business has increased its profitability and we look to invest strongly wherever opportunities arise. We are grateful for the support of our shareholders as we seek to build a sustainable business." Earnings per share rose from 1.6p to 2.3p, while the firm opted not to pay a final dividend in order to exploit investment opportunities, the firm said. Cash at the end of the period rose from £31.6m to £33.1m. The share price fell 5.10% to 23.25p in morning trading.

AI Claims Solutions, a non-life insurer, suffered a fall in both revenue and pre-tax profit for the half-year ended December 31st, hit by warmer than average winter weather and the continuing reduction in accident frequency and repair cycle times. Revenue fell 21% year-on-year from £60.1m to £47.5m, while profit before tax dropped from £1.7m to £1.2m. Naturally, the firm was keen to emphasise that it had reduced its net debt by £3.2m to £19.1m during the period. In a statement the company said: "Ai Claims has delivered a creditable first half performance in challenging market conditions and continues to trade in line with management expectations. We remain confident that prudent financial management, a strong and experienced executive team and a continued focus on operational excellence will see AI Claims Solutions emerge as one of the winners in the accident management market, ready to grasp the opportunities which change inevitably brings." The company also announced the renewal of its contract with ULR Additions, a major broker based partner, for a further period of three years with effect from 1 March 2012. An interim dividend of 0.33p per share, equal to the amount paid last year, was proposed by the board. The share price fell 4.9% to 1.00p

International Ferro Metals (IFL), the AIM-listed integrated ferrochrome producer, has reached an agreement with South African utility company Eskom to assist with the power utility's electricity supply requirements by participating in its electricity buy-back programme for an agreed period. IFL will switch out the first furnace from today until May 31st and the second from April until that same date. Under the agreement, Eskom will buy back the electricity which would have been consumed by the two furnaces, "at a rate that results in a net financial benefit" to IFM, the statement said. IFL said that its contractual commitments to other customers will not be affected by the new agreement. "This agreement is value accretive for IFL shareholders, cash generative for the company, helps our national power utility manage its maintenance programme before the winter period, and is agreeable to our lender," said Chief Executive Officer Chris Jordaan. Shares gained 3.9% to 20.00p

Innovation Group, which provides business process outsourcing and software to insurance, car and property industries, has won a five-year contract with Direct Line Insurance, the UK's largest personal lines insurer. The contract, which will contribute around £5m to Innovation's revenues over the term, will see Direct Line use Innovation Symbility to process and progress its domestic property insurance claims in order to provide a single, transparent claims experience to its customers. "This contract win follows a detailed proof of the benefits Innovation Symbility software delivers to all participants in the claims cycle," said Chief Executive Officer Andy Roberts. "Providing a SaaS [software-as-a-service] solution on this scale clearly demonstrates our ability to provide leading edge application solutions to the world's largest carriers." Shares rose 2.47% to 20.75p in mid-morning trade.

AIM-listed homeland security services provider Digital Barriers has bought Codestuff, the Edinburgh-based IP video solutions developer for the security, infrastructure, transportation and defence industries. Codestuff operates primarily in the UK and provides video management system (VMS) software and network video recorder (NVR) servers, in addition to system design and development services that build on its extensive video management platform. It is an existing supplier of VMS technology to Digital Barriers. "The board of directors of Digital Barriers believes that Codestuff brings significant video management IP and system development tools and will enhance the company's ability to offer a leading-edge capability in the design of front-end systems for security technology," the statement said. Digitial Barriers will buy the entire issued share capital of Codestuff for an initial consideration of £750,000, payable on completion. Additional payments of up to the same amount are demand on financial and operational target between completion and March 31st 2014. "This acquisition will allow Digital Barriers to enhance the ways in which our customers use, interact with and respond to the leading-edge technology we already deploy in video surveillance and unattended ground monitoring," said Digital Barriers' Managing Director Colin Evans.

Positive Points: •Overall trading remains in line with management expectations. •In late March, the company expects to complete a private placement of senior notes to a number of UK and US institutional lenders. Management noted that “this issue will add to the financial strength and flexibility of the group.” •The dividend policy remains progressive. A 4% increase over the course of the last full year was enjoyed. •The store foot print for Primark continues to be expanded. With consumers across much of Europe under financial pressure, the group's value nature should appeal to an ever growing audience. •The group remains diverse, in both geographical and product terms.

Negative Points: •Elevated commodity prices continue to drag on profit margins for various elements of the business - increased cotton prices for example, have provided headwinds for its clothing Primark business, where, as expected, operating margin will be lower than in the same period last year reflecting the continued absorption of higher cotton costs. •Net financing costs in the first half will be higher than last year reflecting the higher level of net indebtedness during the period. Net debt at the half year is expected to be some £1.65 billion. •Heavy promotional activity has again impacted margins for its Kingsmill bakery brand. •At its Ingredients business, the European yeast market continues to prove extremely competitive, with margins suffering from an inability to recover fully raw material cost increases.

The group's second quarter trading update again saw management highlighting in line trading. Similar themes to those seen in the first quarter were seen, with improvements largely driven by the company's Sugar and Primark retail businesses. Coming half year results are expected to be in line with prior expectations, with adjusted operating profit expected to exceed that of last year. The Sugar business continued to benefit from both higher prices for sugar and increased operating efficiencies, whilst Primark benefited from what management described as “strong sales over the Christmas period and good trading since the New Year.” Revenue for the first half is expected to be 15% ahead of last year, with like-for-like sales growth of 2% expected at the retailer

The company was founded by Canadian Willard Garfield Weston in 1935, initially as Food Investments Limited. In 1960 the name was changed to Associated British Foods. Today ABF is a multinational food, ingredients and retail group with interests which span the globe. The group's retail subsidiary Primark, a discount clothing chain, accounts for more than one fifth of turnover. Other brands include sugar processing in Europe and Africa (British Sugar), grocery products brands such as Kingsmill and Allinsons (bread), Mazola (corn oil), Twinings (tea) and animal feeds. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Positive Points •With the operating margin improving to 10.0% from 8.2% in 2010, underlying pre-tax profit increased by 55% to £148.1 million (2010: £95.5 million). •Management continued to highlight improving levels of site visitors and sale reservations. The improvement in the rate of sales when compared to the prior year had continued - forward sales of £927.4 million, up 9.4%, had been achieved. •Management confidence in the outlook was previously expressed via a 33% increase in the total 2011 dividend payment compared to 2010. Plans outlined to return £1.9 billion over the next nine and a half years also underscore confidence. •A concentration on cash generation since early 2008 has allowed group debt to be eliminated. A net cash balance of £41 million was held as of 31st Dec 2011. •A healthy landbank was highlighted by management. 14,300 plots were acquired in the year, bringing the total of owned and controlled plots to 63,300, representing over 6.5 years supply. •A fresh government initiative, NewBuy, is expected by management to further increase the number of first-time buyers when it launches, most likely in March, the company noted. •Management experience and the group’s more conservative positioning coming into the financial crisis have provided for a more rapid turnaround compared to rivals

Negative Points •Constrained mortgage availability and wider economic concerns continue to overshadow. •Regulatory moves to increase banking capital cushions could further constrain mortgage availability. •With more starter homes being sold, the group's average selling price has declined by 2% to £166,142 compared to the prior year. •Government spending cuts and tax increases required in order to reduce record borrowing levels remain a threat to consumer sentiment going forward. •Both government and banking industry measures to limit the fallout from the credit crisis have allowed weaker rivals to otherwise survive.

Despite a tough UK housing market, Persimmon's full year results appeared to show there was still profits to be made and dividends to be paid. Profits materialized at the high end of analysts' expectations, aided by measures to improve operating margins and the ongoing investment in high quality land. A tight rein on costs continued to play its part, whilst like rivals, the use of cheaper land acquired after the credit crisis broke proved to be significant. An ongoing focus on cash generation helped underpin a 33% increase in the total dividend payment compared to the prior year, while management continued to detail the group's strategy going forward. Management believes the strength of its business model will support development of a stronger, larger business over the next decade, enabling the company to remain largely debt free whilst undertaking a significant return of cash to shareholders - £1.9 billion (£6.20 per share) of cash to shareholders by way of dividends over 9.5 years, from 2013 to 2021 is to be targeted.

UK Housebuilder Persimmon has been trading since 1972. The company operates under three main brands, Persimmon Homes, Charles Church and Westbury Partnerships