Member Info for jollyspeculator

wish I had not been so lily livered and sold some earlier.. ...Dear MR R

amid early signs of concerted correction.. ...hope that is strong positive sign that there is v little appetite to retest lows (c 80-85p)

...back down to the 6xx

reported to be in range US$200-300/oz I think... ...but I don't fully trust any of these quoted cash costs (esp after avm: look at the capex spend there...and the admin!!!) aaz shd be down in US$450-550 range after new plant in op (again...DYO due diligence because may have mis-remembered!!)

me top pick ....(that is...after me last top pick: PAF lol)

The Board is also pleased to confirm its bank's support for these pivotal investments. To finance the initiatives the Company has entered into renewed and extended facilities in the UK, providing greater flexibility at lower all-in cost and representing a like-for-like saving of 0.8 per cent per annum on core facilities. The ability of the Company to enter into more attractive facilities with its bank reflects the debt repayment profile of the Group over the past few years and the improved cash generation profile of the Group once the capital expenditure associated with the above investment has been completed. The funding of these important incremental investments with debt will slightly defer the achievement of our leverage target of less than 2x Debt/EBITDA but this remains a key goal.

17th April 2013 International Greetings PLC ("the Company" or "the Group") Major Investment and Pre Close Trading Statement International Greetings PLC, one of the world's leading designers, innovators and manufacturers of gift packaging & greetings, stationery and creative play products, is pleased to today announce a major new investment initiative, new banking facilities and a trading update. Highlights · A major capital investment proceeding in the Company's UK gift-wrap manufacturing facilities in South Wales and at its manufacturing facilities in Savannah, Georgia, USA. · Bank support secured for the investment; improved and extended facilities agreed · Key target of double digit growth to adjusted EPS (fully diluted pre-exceptional earnings per share) for FY13 substantively in line with expectations · Current year order book is developing well including contracts for the supply of Christmas gift packaging with all four of the UK's leading Supermarket multiple retailers Major New Investment funded by New Bank Facilities The Board is pleased to announce that it has secured funding for and commenced the implementation of a majorcapital investment (c £6m net of grants) in the Company's gift-wrap manufacturing facilities in the UK. This involves the rationalisation of gift-wrap printing to one site instead of two, the retirement of old presses and investment in new state of the art printing equipment. This investment will enhance the quality and environmental footprint of the Company's products whilst sustaining its competitive position in a core product category. Execution of the investment will take 12 months, after which point pay-back is expected to be approximately three years, excluding the potential to subsequently dispose of a surplus freehold site valued in excess of £1m. The Company is also undertaking a smaller scale, but faster pay back investment of £0.5m at its manufacturing facilities in Savannah, Georgia, USA. The combined effect of the initiatives to update the manufacturing capability within the Group, including residual costs relating to the transition in China, creates an additional exceptional charge in FY12/13 of just under £1m. Further exceptional charges relating to accelerated depreciation on equipment to be replaced, decommissioning and other associated costs will also arise in later years. The Board is also pleased to confirm its bank's support for these pivotal investments. To finance the initiatives the Company has entered into renewed and extended facilities in the UK, providing greater flexibility at lower all-in cost and representing a like-for-like saving of 0.8 per cent per annum on core facilities. The ability of the Company to enter into more attractive facilities with its bank reflects the debt repayment profile of the Group over the past few years and the improved cash generati

Trading Update The Board is pleased to confirm its key target of adjusted EPS (fully diluted pre-exceptional earnings per share) for the full year should be substantively in line with expectations. This has been achieved principally through strong growth to aggregate profit in the Company's wholly owned businesses, in particular the USA. In addition, pressure on margins due to geographical sales mix and higher freight costs has been mitigated through effective overhead initiatives and modest top line growth. However, the impact of lower sales and contribution from our Australian JV will result in only a marginal increase in reported profit before exceptional items and tax on the prior year. The completed relocation of our production facilities within China as well as a strong order book provides the Company with operationally compelling low season manufacturing opportunities in all regions. In order to pursue these opportunities the Company has increased its working capital investment in February and March, which has translated into reported net debt (at constant exchange rates) and leverage at the end of the March 2013 being at a similar level to the prior year. Outlook The current year order book is developing well including contracts for the supply of Christmas gift packaging with all four of the UK's leading Supermarket multiple retailers, as well as material new contracts with a leading UK £1 retailer and Canada's largest $1 store chain. The investments highlighted above together with less buoyant markets in Australia will however impact growth in the new financial year. Post completion of the investment the Board expects to see a sharp acceleration in both earnings and net debt reduction as the return on investment comes through and new growth opportunities are seized. The Group expects to publish its preliminary results for the year ended 31 March 2013 on 3 July 2013. Paul Fineman, CEO commented: "We are encouraged that the Group is delivering double digit EPS growth at a time of fiercely competitive global markets, reflecting the importance of our continued focus on creating efficiencies, leveraging scale and balancing the geographical, product category and seasonality of our activities. We are confident that these important new investments will ensure the Group is well placed to achieve our 3 year plan of double digit average EPS growth whilst also remaining committed to our debt reduction programme to reduce leverage to below 2x Debt/EBITDA."

...

so on free ride here

Annual results to 31 December 2012 (Audited) Charlemagne Capital ("Charlemagne" or the "Group") has today announced its audited annual results for the year ended 31 December 2012: Financial Highlights · Total revenue for the year - US$30.7 million (2011: US$27.8 million) including: · Management Fees - US$20.5 million (2011: US$22.6 million) · Performance Fees and other income - US$10.2 million (2011: US$5.2 million) · Operating Profit - US$5.1 million (2011: US$6.1 million) · Net Profit after Tax and Minority Interest - US$1.9 million (2011: US$3.3 million) · Earnings per share - 0.7 US cents per share (2011: 1.2 US cents per share) · Total Dividends - paid and declared in 2012 - US$2.8 million (2011: US$2.8 million) · Assets Under Management - US$2.63 billion (2011 US$2.33 billion) · Strong financial position - US$28.0 million held in cash Operational Highlights · Strong investment performance in key areas · New mandates awarded for the Latin American, Eastern Europe and GEMS strategies · Asset growth continuing into 2013 with total AUM US$2.72 million as at 28 February 2013

...good ol' aug...safe haven lol

on the cards...goody

defying the Bear Go Bear

sure...the question is at what price??? reserves and op costs are so low...so this is pretty much a proxy for physical gold imv

for goldies need to be analysed v v carefully.. ...in particularly, are sustaining capex included in cash operating costs.. ...if not, they give a falsely optimistic reading imv

..spot on, RW ...management, management, management ...wot do I know of Tapaas? "Tapaas Chakravarti with over two decades of International Corporate Management experience has helped to shape the success story of his creation, DQ Entertainment group. Tapaas began his career with Sandoz India Limited (now Novartis, a Swiss Multinational) and later joined STP Limited, an infrastructure company. Tapaas has held senior positions in Sales and Projects at Coats of India, (a British multinational). He was Head of Special Projects for Sriram Group where he developed countrywide contract manufacturing activities. Tapaas is a science graduate with Post Graduate Qualification in Business Management backed with over 23 years of experience spanning across industries both national and multinational. Tapaas believes in individual excellence to be integrated into a well-knit teamwork and unstinted support to ethical business practices. This has lead to the creation of a large workforce in DQE, cohesively knit together with very high quality business, operational and creative leaders driving the exceptional growth of the company. He is a part of several national and international charitable organizations, which includes extensive work for orphans, AIDS effected children and education for the deprived eg. AGAPE, India, Figli Del Mondo, Italy. He is also an active member on the Board of the Indo-British Partnership and is a member of the Young Presidents Organization. He has been recently elected as a member of EMMY – The Academy of Television Arts & Sciences, Los Angles, USA. In the year 2009 he has been nominated for the ‘Ernst & Young, Entrepreneur of the year 2009 India Awards’." well, I know Shriram...excellent imv...so let's hope it's a typo!! atb

...sure are...makes it fun to observe.. ...just glad I am not desperately stretched financially (mortgage or whatever)...pretty much anything could happen..fascinating ...just so long as the UK doesn't do a cyprus (or worse).....that would wipe the smug grin off my bloated face

decent...slightly above expectations is gist, I think ...dyor/opinion only

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