Member Info for kidwin

Management has decided to change the company’s name to reflect its move to being a developer of components and modules to exploit its patented Bending Wave Technology. The company is focusing on computing, telecoms and automotive electronics. The financial year end is changing from June to September. This means that the current financial period will be for 15 months to September 2011. Dr David Bramwell is taking over as non-executive chairman on 1 January. The ticker will change to HIW when the name change takes effect on 21 December.

HiWave Technologies adds haptic touch to flat panels whilst simultaneously turning the panel into a loudspeaker. HiWave's technology enables a compelling and affordable user-experience. Check it out @ www.hi-wave.com

Should give a boost here :-) http://news.bbc.co.uk/sport1/hi/motorsport/formula_one/gossip/9275796.stm

Outperforms World Index. over the six months to the end of October 2010 Monks' net asset value (NAV) per share and the share price rose by 6%. The FTSE World Index fell by 2% in sterling terms over the same period. Earnings per share rose to 2.45p from 2.25p a year earlier, with an increase in dividend income more than outweighing a decline in income from bonds. The Board has declared an interim dividend of 0.50p (2009: 0.50p), to be paid in January 2011. The trust’s interim dividend has been held at 0.5p. Monks remains modestly geared, both shares and bonds together representing around 112% of shareholders' funds at 30 November 2010. Outlook: The United States, United Kingdom and other 'G7' countries are becoming a smaller part of the global economy as China, India and other emerging countries are growing more rapidly. On some measures China has already overtaken Japan as the second largest economy and Germany as the largest exporter of manufactured goods. It is becoming an increasingly important end market as well as a production base for export to the rest of the world. Other populous but hitherto economically underdeveloped countries such as India and Indonesia appear set to follow China down this road while Brazil, for decades apparently stuck in a state of arrested development, is at last realising its potential.

Nice, OO seems to have been well received, just need the expected growth in orders and sp that will follow;-) Kevin D'Silva, Chairman of Surface Transforms, commented: "We are pleased that the Board was able to make an Open Offer to all shareholders combined with a Placing of shares to certain institutions. The take-up we have seen for this capital raising both from new and existing shareholders which, together with the passing of the resolutions at today's General Meeting, demonstrates the strength of support for the Company's proposed strategy."

Should be good news. No market reaction, but with this spread who would buy? One to watch. Enfis is paying £5.1m in shares for PhotonStar, which was founded in 2007 by James McKenzie and Majd Zoorob. Romsey-based PhotonStar made an operating loss of £645,000 on revenues of £1.96m in the year to March 2010. The loss has declined since then. Some of the growth in the business came from the acquisition of Architectural Lighting & Controls, which supplies traditional products, in May 2009. The product range includes ‘Smart’ LED products with sensors and controls that enable them to be more energy efficient. Enfis is also loss-making and has struggled in the past couple of years because of its small size. It focuses on niche markets including film, TV, and UV lighting. There will be opportunities to combine the companies’ technologies. Enfis chief executive Ceri Jones will become finance director and James Mackenzie of PhotonStar will become chief executive. Enfis is raising £1.6m net from a placing at 10p a share, which was above the share price before the deal was announced. At the placing price, the enlarged group would be worth £8.6m.

Looking better for full year results. Revenue for the period was in line with expectations, being lower than the same period in 2009 due to the continued decline from licensing and royalties. Royalties from the legacy business for automotive exciters and BMRs in TVs, however, are continuing to make a useful contribution to income. Component sales are doing well, and revenues from the first Audio platform sales are ahead of schedule and will feature in the results for current period. Read in full @ http://investegate.co.uk/Article.aspx?id=201011190700094720W

was it Newmont you spoke to this morning? ;-) Factoring in the dilution caused by the share placing, the indicative Newmont offer is lowered to 3.5p per share

tpj has rejected an indicative approach from mining giant and 10% shareholder Newmont. The proposed 4p per share offer valuing the company at £9m was unanimously rejected as it was seen to not represent a fair value for shareholders. TPJ simultaneously placed 100m shares at 2.5p to raise £2.5m in order to “secure the company’s financial position for the next 12 months”, the statement says. “The funds raised will be used to advance the company’s joint ventures and examine new exploration opportunities in Papua New Guinea, Vietnam and other South East Asian countries”.

Steady progress sees interim sales up 11% with half year profits similar to last year @ $78m. With sales firmming up and margins steady at 36% this still looks good for recovery and a takeover play at this price. Panmure cuts Micro Focus target price to 460P from 465P; rating buy

The Company announced on 3rd November 2010, that it is seeking to raise approximately GBP1.5 million (net of expenses) through a Placing and Open Offer of 1 New Ordinary share for every 8 Existing Ordinary shares held at an Issue Price of 17 pence. The proceeds of the Open Offer will allow the Company to make the necessary capital investments to continue to significantly expand its in-house production capacity. It will also allow the Company to develop the knowledge and capability to build 'clonable' 10,000 disc capacity plants alongside dedicated customers and provide additional working capital to support the expected growth of the business. The Open Offer is subject to shareholder approval at the General Meeting of the Company to be held on 25th November 2010.

Filtronic has described plans to buy Isotek as a "transformational" deal for the two firms. The deal will see Saltaire-based Filtronic pay £4.35m in cash in addition to 18.55m new shares. Filtronic announced its intention to buy Isotek in July. Isotek, which develops microwave filters for base stations, was founded by Filtronic staff, who left the firm when it sold the majority of its wireless infrastructure firm to Powerwave Technologies in 2006. The acquisition is expected to increase Filtronics’ turnover in the year to May 2012 by about £15m. Filtronic chief executive Dr Hemant Mardia said he also expected jobs to be created. He said: “Like most businesses, we have been through a tough time, but we are now able to look forward and are in the process of recruiting and will need to recruit in line with business growth.” If all goes to plan, Filtronic expects to complete the deal by November 16. http://www.investegate.co.uk/Article.aspx?id=201010281600032018V

Warm Front provides low income households and the elderly with insulation and heating improvements, is being phased out and the focus put on ‘Green Deal’. The short-term effect of these government inspired name changes is a fall in the budget for ‘Warm Front’ from £345m this year to £110m in 2011-12 and then £100m in 2012-13. Reductions were expected but this is worse than Eaga thought and it will discuss the operational arrangements with the Department of Energy and Climate Change. The company is also considering the impact of this reduction on its figures. KBC Peel Hunt maintained its 2011-12 profit forecast at £53.8m after the recent interim management statement, rising to £55.2m the following year. The broker believed that Eaga would be a long-term beneficiary of government measures even if ‘Warm Front’ was phased out. The uncertainty about the replacement schemes means that, at best, the benefit may take some time to show through. Eaga is hopeful that an obligation for energy companies to provide help to poor households, plus the Green Deal and Renewable Heat Incentive programmes, will provide opportunities to offset the loss of revenues.

Great, just been allocated my full allocation of 50000 shares in the OO.

Just been allocated my Entitlement to 26250 shares in the OO. Asked & paid for 50K, so does this means it was fully subscribed, or will they divy out whats left later?

Fresnillo is one of the best performers in the mining sector, silver production is at record levels and it's on track to achieve production targets for 2010 of 340,000 ounces of attributable gold and 41.1m ounces of silver. However, my targets now reached, I am happy to sell and leave some profit for the next guy. GL all

Interesting overview by 3M of DST touch screen technology. 3M™ Dispersive Signal Technology (DST) is poised to become the touch technology standard for large-format interactive displays. What's different about 3M DST is that it precisely calculates touch locations by analysing the bending waves within the glass substrate. This allows for fast, accurate, reliable touch performance that is unaffected by contaminants, scratches, or static objects on the screen, as well as enabling stylus support and multi-user capability. http://multimedia.3m.com/mws/mediawebserver?mwsId=66666UuZjcFSLXTtmxTXoxfaEVuQEcuZgVs6EVs6E666666-- See comparison against other touch tech @ http://multimedia.3m.com/mws/mediawebserver?mwsId=66666UuZjcFSLXTtnXT2NXTaEVuQEcuZgVs6EVs6E666666-- Why No mention of Nxt or tactile feedback effects? Are there more products or developments in the pipeline, who knows? Disappointing to find only 1 example application on 3M's web site @ http://solutions.3m.com/wps/portal/3M/en_US/TouchSystems/TouchScreen/Applications/Retail/

sp is shown in euro's, but your trading account is in sterling?

Thanks for your support, but I am now taking all my profits and putting it in AFC and ZEN. Still keeping a core holding in MCRO, in my ISA, for the long term. GL all

Micro Focus has appointed former Morse chief executive Mike Phillips as its new Chief Financial Officer. "I am delighted to welcome Mike to Micro Focus. He has led finance teams successfully at international technology corporations and has worked across every aspect of finance, from the development of effective management reporting processes to M&A experience, including extensive experience at organizations going through significant change through organic and acquired growth," Nigel Clifford, chief executive of Micro Focus said. http://www.halifaxmarketwatch.co.uk/news.cgi?story=3673861&view=full&username=&ac=