Member Info for mulledwine

Grahame Cook, Chairman, said: "During the year we restructured the business and made progress in reducing our overheads and extending our cash runway. We divested our portfolio of quoted stocks and tightened our focus on our main strategic private investments, Medivance and Stanmore, both of which have continued to make excellent progress in their respective markets."

Portfolio Highlights · Following strategic review, primary focus to be on investments in Medivance and Stanmore. · Medivance continues to make excellent progress, achieving quarter on quarter revenue growth and is well placed to deliver value for shareholders. · Medivance had worldwide consolidated revenues of US$29 million (unaudited) in the year ended 31 December 2010. ● Stanmore achieved revenues of approximately £6.1 million (unaudited) for 12 months ended 31 December 2010 (2009: £5.6 million (audited)). Key Transfemoral ITAP trial continues at the Royal National Orthopaedic Hospital in Stanmore. ● Review of investments in AOI and Trust William leading to prudent write-down of valuations and commencement of strategic review for Trust William.

Financial Highlights · Total investments valued at £7.31 million (30 September 2009: £9.43 million) with cash and cash equivalents of £0.28 million (30 September 2009: £1.13 million). · Consolidated net asset value per share as at 30 September 2010 of 35p (30 September 2009: 58p). · Net loss after tax for reporting period £3.63million (2009: £1.73 million). · Valuation of strategic private investments, Medivance and Stanmore, maintained at cost, representing the fair value of the relevant investment, although both have performed well. · After end of reporting period, cash position strengthened by issuing new shares in placing to a major shareholder and by selling part of the Company's shareholding in Stanmore, raising £150,000 and £600,000 respectively.

http://www.investegate.co.uk/Article.aspx?id=201103080700064775C

http://www.investegate.co.uk/Article.aspx?id=201103080700064433C

Offer of Finance Kryso Resources plc (AIM: KYS), the mineral exploration and development company with gold and nickel-copper projects in Tajikistan, is pleased to announce that The Export-Import Bank of China (“China Eximbank”) has issued a letter of interest (“LOI”) for the proposed financing of the Company’s 100% owned Pakrut gold project (the “Pakrut Project”). As announced on 10 January 2011, China Nonferrous Metals International Mining Co. Ltd. (“CNMIM”) was obliged to use best endeavours, pursuant to the Subscription Agreement entered into by the Company and CNMIM on 27 July 2010, to procure a written offer of debt funding to the Company for the Company’s Pakrut project, within 3 months of 8 December 2010. In the LOI, China Eximbank confirms that it is interested in providing up to 70% of the financing required by the Company for the Pakrut Project as calculated in the Bankable Feasibility Study prepared by the Beijing General Research Institute of Mining & Metallurgy (approximately US $77,000,000). In addition to the LOI, CNMIM has arranged for its parent company, China Nonferrous Metals Group Co. Ltd. to provide a letter of support to act as guarantor in respect of the proposed financing from China Eximbank. The LOI is dependent on a number of conditions including due diligence and further approvals and is valid for six months. There can be no guarantee at this stage that any monies will be advanced to the Company or its project under this LOI. The Company will also consider this offer of finance alongside other financing opportunities available to it and will make a further announcement on the procurement of financing for the Pakrut Project

http://www.investegate.co.uk/Article.aspx?id=20110308070000Z4062

Investors Intelligence (II) have this morning taken a look at the share price charts of the major FTSE oil and gas companies Royal Dutch Shell A (LON:RDSA) maintains the price uptrend, although some resistance is noted at 2200p-2300p. II warn that shorts are not recommended until the upward momentum is exhausted.

3D Diagnostic Imaging (3DD), which owns the protected rights to a technology platform with a number of potential commercial applications, posted widened pre-tax losses for the first half ended 31st December 2010 due to increased operating expenses. For the six-months, the company revealed a pre-tax loss of 980,600 pounds, up from 477,512 pounds on the comparable period a year earlier, as operating expenses jumped from 477,775 pounds to 971,197 pounds. Looking forward, unable to predict with accuracy the sales trend, the group said it was cautious on the second-half. 3D shares were unmoved at 6.5p

Clearstream Technologies Group (CTN), the medical devices supplier, has enhanced its global distribution network with the singing of a number of new distribution agreements. In light of this, new markets being served now include Norway, Denmark and Sweden in Scandinavia, Egypt and Iran in the Middle East and Indonesia and The Philippines in the Asia Pacific region. Clearstream shares gained 1.75p to 46.75p.

In a move to expand its user base and build on its skills, enterprise software provider K3 Business Technology Group* (KBT) has acquired Sense Enterprise Solutions, the provider of Microsoft Dynamics AX enterprise resource planning (ERP) solutions, for 1.2 million pounds. An additional 0.9 million pounds is payable dependent on performance. Separately, the group posted a pre-tax profit of 4.23 million pounds in the half-year ended 31st December 2010, up 8% on the comparable period a year earlier, on revenue 5% greater at 24.67 million pounds. K3 shares moved ahead 3p to 192.5p.

Translation software group SDL (SDL) posted widened pre-tax profits for the year ended 31st December 2010, driven by improving demand for its technology and services, and said it would pay a maiden dividend to reflect confidence going forward. For the 12-months, the group reported a pre-tax profit of 28.8 million pounds, up 20% on last year, as revenue surged 18% to 203.5 million pounds. Looking ahead, chief executive John Hunter said: "Initial trading is positive in 2011 and in the absence of a major economic reverse we are confident that it will be another good growth year." SDL shares pushed up 16.75p to 650.25p.

The sharp increase in profitability experienced in the first quarter at Fenner (FENR) has been maintained to the half-year end in both its conveyor belting and advanced engineered products divisions, the conveyer belt maker announced in a pre-close trading statement. The group said first half trading was characterised by both volume and margin improvements across its principal business units with increasing benefits from its capital investment programmes and improved trading conditions. Fenner shares rose 12.35p to 353.35p.

Forth Ports (FPT), the UK's last independent listed port operator, has allowed its largest shareholder to start due diligence investigations on an offer valuing the company at 744 million pounds. The 16.3 pounds-a-share offer from Arcus Capital, which already holds a 22.8% stake in the group, is more than 16% higher than a rejected offer that was made last May from the Northstream consortium. As well as the cash offer, it was revealed that Arcus plans to pay a 20p share final dividend for 2010. Shares in Forth increased 83.5p to 1,606.5p.

Despite posting widened pre-tax profits for the year ended 31st December 2010, Inmarsat (ISAT) shares fell 88.75p to 595.75p after the telecommunications group revealed a slow-down in usage levels for some of its products at the end of 2010 and early 2011. The news came as the group reported a 69.4% jump in pre-tax profits to 333.5 million dollars (205.2 million pounds) for the 12-months on revenue up 12.9% at 1,172 million dollars (721 million pounds).

Expanding on its position in the global energy market, Intertek Group (ITRK), the provider of quality and safety services, has entered into a conditional agreement to acquire Moody International for 730 million dollars (447 million pounds). The acquisition is expected to be earnings enhancing in the current financial year. Separately, the group also announced adjusted pre-tax profits of 212 million pounds for the year ended 31st December 2010, up 11% a year earlier, on revenue 11% greater at 1,374 million pounds. The shares gained 96.5p to 1,995.5p.

Arbuthnot initiated coverage of Quadnetics Group (QDG), the surveillance technology developer, with a "strong buy" rating and 250p target price. The broker believes management's strategy to improve margins by using more of its own intellectual property in both software and hardware is working, with operating margins doubling to 4.2%. In its view, Quadnetics should be able to significantly improve margins further as it focuses on growing revenues in those areas where it has a competitive advantage. The shares inched ahead 1p to 179p.

Panmure Gordon reiterated its "buy" rating for Cineworld (CINE) with a 240p target price. The broker views cinemas as a particularly recession-resilient area of the leisure sector and, whilst discretionary expenditure levels remain a concern for UK consumers, it is confident that the group will continue to perform well. This, Panmure added, is supported by the businesses focus on a value-orientated offering and low average spend per head. Shares in Cineworld edged back 0.5p to 215.75p.

Singer Capital Markets commented on BATM Advanced Communications (BVC), the producer of broadband data and telecommunications solutions. Following the release of results, the broker notes that, in contrast to revenues, adjusted pre-tax profits were materially below expectations due to lower gross margins than anticipated and higher sales and marketing costs. That said, with profit downgrades expected in 2011, Singer believes the company will need to capitalise on recovering revenue in order to turn this around. BATM shares lost 3.87p to 21.88p.

lowpay - howdy - yes I am quite keen on these guys - time will tell!