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FDM has shown it can deliver strong sales and profits and its shares promise a sizeable forward yield. Moreover, an improving recruitment industry and the well-publicised shortage of IT skills should act as tailwinds for the group. Investors should saddle up before FDM breaks into a gallop,but as always dyor and good luck.

The benefits of its flexible, adaptable business model can be seen worldwide. FDM deployed 950 Mounties in its core UK market last half - a 21 per cent rise – boosting its Mountie revenues by 15 per cent to about £30m. North America also performed well with Mountie revenues up about 64 per cent, while total sales grew 30 per cent in Asia Pacific, albeit from a small base. As those figures attest, FDM offers investors significant global exposure. For instance, it recently expanded into South Africa and mainland China, opened academies in Toronto and Glasgow and relocated its flagship London academy to larger premises. Expanding has also boosted capacity, allowing it to train over 1,500 Mounties annually. FDM’s shares might appear pricy, trading at 17 times forecast earnings for 2015, a premium to peer Computacenter’s rating of 13 times. But that's justified by its larger forecast 2015 yield of over 4 per cent and expected top-line growth of 15 per cent this year, compared to 2 per cent at Computacenter. Moreover, broker Investec - which has a 400p price target on FDM’s shares - expects mid-teen earnings growth both this year and next. Of course, FDM has encountered some rough terrain. Its decision to no longer provide freelancers resulted in a temporary knock-on 5 per cent slump in Mountie revenues in Europe, the Middle East and Africa. And it may be harder to recruit high-quality, dedicated graduates in a competitive, recovering economy.

Recently listed IT services and recruitment group FDM (FDM) offers that rare combination of high forecast growth with an attractive yield. The group's unusual business model involves recruiting and training IT consultants called "Mounties" then deploying them to blue-chip clients, such as HSBC and Sky, that have the option to hire the consultants as their own permanent staff. The consultancy/recruitment model faces little competition and more importantly is very popular with clients, with whom FDM tends to develop long-term relationships. What's more, the group stands to benefit from the widespread shortage of IT skills and a recovery in global recruitment demand. FDM, which was taken private in early 2010 then re-listed this June, operates in 11 countries and caters to a £10bn professional IT services market. Its Mounties are recruited from local graduate and ex-military populations and trained in areas such as data analysis and project management. They are then placed with clients for an average of 18 months, after which they are hired, rejoin FDM or leave. The group had over 1,300 Mounties working with clients at the end of last half – a quarter more than a year earlier – and broker Investec expects that figure to exceed 1,500 by the end of this year. FDM also employs around 300 freelancers, but is increasingly phasing them out in favour of Mounties which drive higher margins. The steady growth of FDM’s army of consultants has translated into financial gains. For instance, the group’s cash profits quadrupled to over £23m between 2009 and 2013. Moreover, in the first half of this year, its net fee income – Mountie revenues plus the gross margin on its freelancers – grew 19 per cent to about £43m. And its operating profit rose 10 per cent to £10.7m once one-off listing costs of about £5m are stripped out. FDM is highly selective in its choice of trainees – about 700 of 30,000 applicants became Mounties last year. That helps it to attract big-name customers and explains why one additional Mountie brings in an estimated £30,000 in annual gross profit. Moreover, its model lets customers "try before they buy" and encourages long-term partnerships, leading to further hiring for other projects, departments and locations. It’s also flexible, as FDM can tweak its training to focus on in-demand skills such as project management or ‘big data’ analysis and it charges a daily rate for its Mounties

XLMedia's stellar track record of profitable growth, attractive forward yield, strategic acquisitions and increasing presence in the US market create a strong investment case. Buying its shares also offers exposure to the fast-growing online and mobile gaming markets.as always dyor and good luck.

It also expects to benefit from the accelerating legalisation of online gambling in the US, as other states follow New Jersey and Nevada. This is potentially a massive new market, which is slated to grow on average by 67 per cent a year for at least the next four years. Although XLMedia's focus has historically been on Scandinavia and European nations, it is already driving traffic to American operators and has partnered with 888.com and Caesars in New Jersey. Another tailwind is the proposed 'point of consumption' tax of 15 per cent on UK gamblers, which has spurred gambling companies to ramp up their marketing spend as they race to attract more customers. XLMedia's shares aren't too pricy either, having halved in value from May to August. Based on Cenkos's forecasts, they are price at a 2014 enterprise-value-to-cash-profits (EV/EBITDA) ratio of 8.4 times compared with a range of 5 to 18 times for European online gaming operators. Given the growth potential that looks low, and the policy to pay out at least half earnings as dividends means an attractive 2.7 per cent yield is forecast this year rising to 3.3 per cent in 2015. Moreover, further acquisitions and US growth provide the potential for major forecast upgrades. And there's no reason XLMedia can't diversify into markets such as foreign exchange and spreadbetting. Investors should note that XLMedia's model is largely performance based, with about 70 per cent of last year's revenues stemming from revenue share agreements. But that aligns its interests with operators, improves revenue visibility and helps to lower customer churn. It also relies on a handful of customers – its biggest three contributed 47 per cent of its revenues last year. And it's vulnerable to regulatory changes, such as restrictions on gaming operators and new taxes and laws.

As the fast-growing $36bn (£21.7bn) global online gambling market fights for customers, online marketing expert XLMedia (XLM) looks set to clean up. The digital marketing specialist, which floated on Aim in March, drives web traffic to more than 120 gambling operators including Bet365 and 888.com, typically in return for 30 to 55 per cent of the operators' net winnings from the players it provides. Online gambling operators are investing heavily in internet advertising to attract players and using a network of affiliates to promote their offerings. Indeed the industry's marketing spending is predicted to grow 9 per cent annually up to 2018. XLMedia's high-margin content and search engine optimisation (SEO) division, which drives nearly 60 per cent of its revenues, draws visitors to its 2,000-plus websites in 17 languages then sends the traffic to its customers. It also uses data analysis to maximise the revenue generated, which helped it grow sales by a quarter to $19m last year. The remainder of XLMedia's sales come from placing ads online and managing more than 300 affiliates that direct players to its customers - which also gives it greater clout in negotiations. The group also has a history of profitable growth. Its revenues and cash profits grew at compounded annual rates of 61 and 78 per cent respectively between 2009 and 2012, and group sales rose nearly a third last year. Looking forward, it expects first-half sales growth of at least 22 per cent, while broker Cenkos forecasts cash profits to climb 13 per cent this year and 20 per cent in 2015, from $13.3m to $15m, then $18m in 2015. XLMedia has also earmarked $48m in listing proceeds to fund expansion and acquisitions. It has already agreed to buy a US poker website, a Scandinavian website network and a UK sports betting website. The latter adds a new pool of players to its casino-focused network and augments its presence in the mature, regulated UK market. Cenkos expects acquisitions to generate $1m in revenue this year and $2m next year.

Home Retail Group is one of few retailers with digital technology at the heart of what it does and its impressive sales growth last year suggests this is a winning strategy. But, not resting on its laurels, the company continues to invest in its long-term growth by transforming Argos and Homebase, funded by bulging coffers. Admittedly, tough comparatives loom on the horizon. But the stock is a self-help play, based on medium-term margin recovery, which, if achieved, could yield attractive returns for patient investors

It’s a similar story at Homebase. There, multi-channel sales grew 53 per cent in the last financial year, reaching 7 per cent of sales. Homebase is upgrading its web portals, offering free wifi in store and branching out into higher quality brands, including Odina fitted kitchens and Laura Ashley. Store refits are driving higher sales and so far, customer feedback has been positive. Better delivery options are coming on stream too. This year, Homebase is piloting home delivery with time slots for larger ‘two man’ delivery items. Unlike rival B&Q, owned by Kingfisher (KGF), Homebase has even been able to shrink its bloated store estate, closing 13 outlets last year. A further 65 leases are up for renewal soon. But if last year's stellar performance is testament to the success of these changes, it does mean that both Argos and Homebase face tough comparatives this year. Homebase in particular is lapping a very strong seasonal performance in the second quarter of 2013. The sector is also experiencing a de-rating cycle, while the end of former chief executive Terry Duddy's seven-year tenure as boss has destabilised the stock. Still, though, we're confident in his replacement, John Walden, who ran Argos for two years. Moreover, investors can take solace in the fact that the shares appear to be rebounding and that weaker sales growth this year has already been well-flagged. Importantly, sales of homeware, and furniture in particular, were unusually strong in July, according to the British Retail Consortium. This bodes well for the group, given that homeware is a higher-margin category. In fact, Homebase and Argos should be able to boost margins in the medium-term through cost efficiency, sales growth and product mix. Higher house prices should also help. Based on S&P CapitalIQ data, the current 1.9 per cent operating margin compares with a five-year peak of 5.1 per cent, so there's certainly scope for improvement. What's more, if profitability is boosted, there is plenty of potential for valuation upside with the current enterprise-value-to-sales ratio of just 0.2 representing less than half the 0.43 five-year high. Meanwhile the a price-to-book-value multiple of just 0.54 compares with the five-year peak of 1.

If you’ve walked past an Argos in recent months you might have noticed that some of the stores have a distinctly different feel. Sleek tablets replace the well-thumbed paper catalogues and small blue pens of the past. Even the colour scheme is different. Homebase, too, is getting make-over. It’s all part of a multi-year plan to turn parent company Home Retail Group (HOME) into a leading digital retailer fit for the blossoming world of e-commerce. So far, the group has made good progress with its plans, reflected in last year’s stellar financial performance. But it’s still early days, and we believe Home Retail has further to go. By adapting to the way people shop through heavy investment in digital technology, customer service, store refits and new product lines, Home Retail Group is securing its long-term growth. Cash rich, it’s well positioned to continue to fund these major capital investment programmes too. And, the large fixed-cost base means that if it can get the sales mix right and higher volumes flowing through, profitability should recover. Digital technology is rapidly changing the way we shop, with consumers now expecting a smorgasbord of buying channels, wide product choice, competitive pricing, and flexible delivery options. Home Retail Group is embracing this new world with gusto and has the cash to finance its ambitions. Argos has already benefited from investment in e-commerce. Last year internet sales totalled 44 per cent of divisional revenue. But there's more work to be done: this year, Argos plans to redesign the online checkout system and accommodate flexible payment and credit options. It will introduce real-time stock availability by location and allow narrow time-slot delivery, thanks to the roll-out of the innovative 'hub and spoke' distribution model. New, sleek concept stores are to be trialled in a further 25 locations, helped by voice-driven picking system. Higher-margin aspirational lines, including Emma Bridgewater homeware, Oxo kitchenware and Baby Björn are widening Argos' appeal. By 2015, it plans to add 15,000 new lines.

There is no dividend payment at the moment. However, higher revenue and lower costs allow Sutton Harbour to trade profitably without any development profits. Crystalising the underlying value will take time. But with so much locked-in value, and trading at a near 25 per cent discount to net asset value, at some point that discount has to start to narrow

There are other revenue streams and potential financial gains to consider, too. The fisheries complex is the second largest of its kind in England and will benefit from £1.2m of infrastructure investment in coming years. Despite the horrific storms that battered the south coast earlier this year, the value of fish landed remained broadly flat. The auction system it operates has attracted fish landed elsewhere to be driven by road to take advantage of the key pricing system in place. All fish landed or delivered attract a commission payable to Sutton Harbour. Parking is also restricted in the area, so the group's car park has seen gross revenue up nearly 8 per cent in the year to March, and further developments on the harbour front are expected to boost demand for parking space still further................... A subject of considerable local controversy, the former airport - closed three years ago - now looks destined for redevelopment at some stage, and the 113-acre site is currently subject to a full planning application which, if successful, will almost certainly be developed to help meet the current housing shortage. Of the proceeds generated, Sutton Harbour is entitled to one quarter. The major attraction with shares in Sutton Harbour is that very little of all this is reflected in the share price. The latest total estate portfolio valuation rose at the March year-end to £38.5m, far more than the group's market value of around £30m, despite the significant development potential.

Sutton Harbour (SUH) is a work in progress that has passed below the radar of many investors. It says something that the primary regenerator of Plymouth's harbour seafront is still classified as part of the industrial transportation rather than real estate sector. However, within the harbour front, the multi-story car park, the fish market and the closed airport it owns, there is some serious value that has yet to be reflected in the share price. Plymouth is steeped in history, and yet this is not being exploited to the extent that it could be. Sutton Harbour has been steadily improving the water front and marina facilities there, starting with the installation of a lock gate in the harbour. This enabled a transformation from a tidal basin into a yachting marina. Mooring fees are about at the top end of what is charged in the south-west, but are still around half what is charged further up the coast towards Brighton. Occupancy levels are near to full, and another marina at King Point has recently been developed, and is already more than half full. A new and very popular restaurant is also operating there. Chief executive Jason Schofield admits that there is still plenty to do towards making the waterfront an all-inclusive, joined-up experience. In fact, it will probably take another six years before all the entry points and all-round accessibility aspects are brought up to scratch. New lettings of vacant space proceed apace, but there is plenty of further potential, with occupancy rates currently at 86.4 per cent.

The government of Kyrgyzstan has lobbed many nationalization threats at Centerra Gold Inc. over the past 17 years. But a court ruling has turned the tables and made a large chunk of the government’s own Centerra shares vulnerable to potential seizure. The strange turn of events is tied to Canadian junior miner Stans Energy Corp., which is also active in Kyrgyzstan. In 2012, a parliamentary committee revoked Stans’ licence for a rare earths project under highly suspicious circumstances, and the company launched legal action to protect its rights. Those efforts culminated in a key ruling this week, as an arbitration court in Moscow ordered Kyrgyzstan to pay US$118.2-million to Toronto-based Stans. It is highly unlikely that Kyrgyzstan will respect the ruling and pay out any cash. That leaves Stans the option of securing verdicts against one or more of the state’s foreign assets. And a logical one to go after would be Kyrgyzstan’s 32.7% stake in Centerra, currently worth almost $500-million. David Vinokurov, vice-president of corporate development at Stans, declined to comment on whether the company would target Centerra, also based in Toronto, shares for payment. But he acknowledged that it would be a logical place to look

Got a nice position...........not to heavy i tend to spread myself out mate........... Tro get yourself in here you know you want to..............potentially another ldp type rise.

Depressing day today..............Bod said they were also looking at other projects aswell.......Well bod give us something else to think about while we wait for news on Cholokkaindy.................

Just got a feeling there will be news soon............And then get back in the field and deliver some good results....

Get yourself a holding here tomorrow mate......................you wouldn't want to miss out lol.........

just checked in quick at work at moment...........Another 200 quid gone again lol.............

28 July 2014 Bullabulling Gold Limited ("the Company") Notice of change of interest of substantial holder The Company has today been notified of a change in the interests of Norton Gold Fields Limited ("Norton") in the Company in relation to its off-market takeover offer to acquire all the ordinary shares in the Company and shares purchased by Norton on-market. The Company has been informed that Norton has a voting power of 254,398,254 shares, representing 72.52% of the Company's issued share capital.

Fingers and toes crossed lol....................And yes troaj is a legend imho good luck with your investment here and keep in touch............