Member Info for mulledwine

Panmure Gordon downgraded its stance on AstraZeneca (AZN) from "buy" to "hold" with a reduced target price of 3,000p, from 3,100p. The pharmaceutical giant announced that it has suspended its share buy-back programme, which the broker believes heralds the announcement of an acquisition. However, Panmure said that any purchase would most likely be dilutive. The broker added that there may be further management changes on the way, increasing investment risk. The shares inched up by 14.5p to 2,908p.

Redhall Group Buy 02-Oct-12 £19,767.14 David Jackson 38,190 @ 51.76p Redhall Group Buy 03-Oct-12 £13,000.00 David Jackson 25,000 @ 52.00p

Walker Greenback's Chief Executive Officer, John Sach, has sold 100,000 ordinary shares in the company on the same day the luxury interior furnishings group reported an increase in half year sales. The boost to sales came after an upturn in the US interior furnishings industry despite the fact that sales in Western Europe continued to be hampered by economic problems. Following the £71,500 purchase, Sach now holds just over 1.4m shares, equal to 2.39% of the total voting rights in the company.

Valuation: Long-term value opportunity remains We continue to view Augean as a substantial long-term value opportunity with substantial upside from the new strategic markets. While exact timing of the pace of growth in these markets is subject to a range of factors, the scale provides a counterbalance for the longer-term investor. Given progress to date, our base case DCF-based fair value is 75.6p, although a more bearish view of the rate of operational progress yields a fair value of 45.5p per share.

http://www.edisoninvestmentresearch.co.uk/researchreports/Augean031012Outlook.pdf

UBS has cut its recommendation for asset manager Schroders from 'neutral' to 'sell', saying that expectations are too high. "We downgrade Schroders to 'sell' as we believe that expectations on flows and on capital returns have led the stock to re-rate vs peers while we remain cautious on both points," the broker said.

She seems to have found her plateau for the time being

Arbuthnot Banking Group Buy 02-Oct-12 £26,055.00 James Fleming 4,500 @ 579.00p

bonum - yes I would tend to agree with you there

Panmure Gordon retained its "buy" rating for Morgan Crucible (MGCR) with a 340p target price. The broker said that there is considerable scope for consolidation in the high-end ceramics industry and noted that this has already begun with the acquisition of advanced materials company Ceradyne by US conglomerate 3M. Panmure added that Morgan Crucible is a very similar company to Ceradyne, making it a prime acquisition target for 3M or similar global players. Ceradyne was acquired at 13.4 times 2013 EBITA and the broker said that a similar bid equates to an offer price of 475p for Morgan Crucible

N+1 Brewin downgraded its stance on Allocate Software (ALL) from "buy" to "hold" with a reduced target price of 80p, from 94p. The operational software developer warned that trading in the first quarter was below expectations, leading the broker to cut its first half EBITDA forecast to 1.3 million pounds, lower than in 2011's comparable period. Brewin believes that the difficult trading conditions are likely to persist and noted that the firm's renewal cycle is set to begin shortly. On the broker's revised forecasts, the share trade on a prospective multiple of 15.7 times for 2013, falling to 13.9 times in 2014

Seymour Pierce reiterated its "buy" recommendation for Shaftesbury (SHB), with a 573p target price. The broker noted that the refurbishment of the firm's Shaftesbury estate with new roads and restaurants has resulted in rent revenues more than doubling. Seymour Pierce added that the group is undertaking similar refurbishments at its Lazenby House and Fouberts Place sites. The broker expects the company to report a net asset value of 489p as at 30th September and believes that the share price premium is justified by its strong business model and consistent performance.

or indeed just market manipulation on the day - stops being triggered in order to collect buckets of shares for the rise back up - which she may be on now

nimbo - yes it could be as simple as that but It has confused me ...not difficult to do these days I know ..time will tell

Auction at 3.9

riddler - it appears that way - as usual there may be a very important piece of info that we are not yet aware of but the market is ....

Morning riddler - can buy at 4.1 ! --whats your thoughts re the market re-action - Im stumped so far

OUTLOOK The Group has had a solid start to the new financial year in line with our expectations. With over 80% of our revenue coming from regulated countries we are confident that the increased advertising opportunities, improved payment processing and stable business platform provided by our regulated market presence will drive profitable growth in the medium-term. Whilst the economic outlook remains challenging, our robust position gives us confidence for the current financial year.

Andrew McIver, Group Chief Executive, commenting on the results: "Sportingbet is a very different business to that of a year ago and is in a much stronger position. Our successful acquisition of Centrebet, which has out-performed our expectations, disposal of Turkey and introduction of regulation in our other key countries has resulted in over 80% of the Group's revenue now being derived from regulated and/or taxed countries. "The Group has had a solid start to the new financial year in line with our expectations. We are confident that the increased advertising opportunities, improved payment processing and stable business platform provided by our regulated market presence will drive profitable growth in the medium term. Whilst the economic outlook remains challenging, our robust position across a variety of attractive territories gives us confidence in the outlook for the current financial year."

Group - Amounts wagered up 14% - 80% of revenue during the year derived from regulated and/or taxed territories - Centrebet acquisition completed 31 August 2011 - Disposal of Turkish language website completed on 21 November 2011 - Final dividend of 1.1p making a total for the year of 1.7p (2011:1.7p) Australia - Australia's leading fixed odds internet and phone bookmaker by amounts wagered - Amounts wagered online up 82% (like for like up 11%) - Integration of Centrebet successfully completed with realised synergies of £15m pa £5.2m higher than originally planned - New mobile apps for both brands and new Centrebet website launched in June - Amounts wagered on mobile up 339% now accounting for 28% of revenue and 40% of players Europe and Emerging Markets - Amounts wagered down 30% (like for like down 9%) - In:play continues to produce industry leading margins of 9.7% - New in:play Console launched offering enhanced user experience - Mobile penetration in UK and Spain now up to 30% - Spanish, Danish, Maltese, Italian licences obtained - Betting taxes rose by a net £9.4m - European cost base reduced with £15m annualised costs removed * Adjusted to exclude exceptional items of £71.6m (2011: £10.8m), share option charge and amortisation of other intangible assets