Member Info for mulledwine

James Menzies, Chief Executive of Salamander, commented: "We are pleased to be able to report a further material reserves upgrade for the Bualuang field. As operator, we have taken a major step forward in our understanding of the asset and in our ability to predict reservoir behaviour. Through continued, optimised development we plan to deliver 15,000 bopd in 2013 from this field alone."

Another set of impressive grades

Tim McCutcheon, CEO, comments: "We continue to encounter high grade intercepts at Olcha on Zone 2 and are excited about its potential. In 2011 we plan to apply for a full 25-year exploitation license. The Company will use the time during the review of our application to perform additional geophysical work and some drilling to better understand the ore body's structure to the Northeast of Zone 1 as well as the area directly South of Zone 2. Olcha is a complex ore body and the Ovoca team is working hard to bring geochemical, geophysical, trench and drilling work all together to better understand the geology to maximize the efficiency of our exploration effort. "

Entertainment One Ltd Acquisition Opportunities and Proposed Placing Entertainment One Ltd. (LSE:ETO) ("Entertainment One" or the "Company") announces that it is actively considering a range of small, earnings enhancing acquisition opportunities. Whilst there can be no certainty that these acquisitions will proceed to completion, the Company is proposing to issue up to 8 million new shares at a price of no less than 145 pence per share pursuant to a placing to certain institutional investors. The proceeds of the placing will be used to help fund those acquisitions and for other strategic initiatives. It is anticipated that the consideration for any acquisition would be a mixture of cash and shares. To ensure maximum shareholder value the company reserves the right to fund the cash element of the acquisitions from its available bank facilities.

http://www.investegate.co.uk/Article.aspx?id=201102250700088438B

Ralph Topping, Chief Executive of William Hill, commented: "This is a strong performance and I am delighted that, in particular, our Online business and the gaming machines in our shops have performed very well in the year. Our continuing investments in technology in what is a fast-changing industry have underpinned growth and the more than doubling of the amounts wagered from in-play this year demonstrates that customers welcome these innovations. "We are continuing to expand our product offering to enhance the customer experience, particularly in Online. We are using our trading capability to deliver differentiating pricing and offers, and increasing the profile of our brand through continuing marketing investment. The combination of our fast-growing Online business and appealing Retail offering, together with the expertise of our employees and our attractive product range, give the Board great confidence as we pursue an agenda of innovation and international development."

Key points: Ÿ 2010 out-turn at the top end of market expectations Ÿ Strong William Hill Online results underpinned by outstanding Sportsbook growth Ÿ In-play amounts wagered more than doubled with expansion of offering Ÿ Improvements in trading approach deliver growth in Sportsbook and in-play gross win margin Ÿ Successful roll-out of new 'Storm' gaming machines drives Retail net revenue growth Ÿ Further balance sheet strengthening with debt reduction and extension of debt maturities

http://www.investegate.co.uk/Article.aspx?id=201102250700088446B

Impressive figures

Commenting on the results, John O'Higgins, Chief Executive, said: "We are very pleased with the group's performance in 2010, with trading exceeding our expectations across all four business segments. This performance was strongest in Test and Measurement as a result of both key account wins and the benefits from the integration restructuring carried out in 2009. As trading recovered, the temporary cost savings of 2009 were reversed in a deliberate and measured way. Looking ahead, we expect a return to more normal sales growth during 2011 and we will continue to pursue our strategy of investing in new products and applications, seeking acquisition opportunities and expanding our market positions and regional presence. As a result, the Board believes Spectris is well positioned to make further progress in 2011."

Highlights · Much faster recovery in performance achieved than after previous downturns · Strong sales and profits growth in all business segments, particularly in emerging markets · Acquisitions strengthen Materials Analysis, In-line Instrumentation and Industrial Controls · Robust conversion of operating profit to cash at 112% · Net debt down by £38 million to £86 million; 0.5X EBITDA · Dividend up by 15%

http://www.investegate.co.uk/Article.aspx?id=201102250700078423B

http://www.investegate.co.uk/Article.aspx?id=201102250700078424B

Retailer service provider Swallowfield (SWL) posted narrowed pre-tax profits for the year ended 8th January 2011, despite a 7.4% jump in revenue, due to higher costs of raw materials and components. The group, which provides services to brands and retailers in the cosmetics, toiletries and household goods sector, reported pre-tax profits of 689,000 pounds in the 12-months, up from 741,000 pounds a year prior, on revenue at 31.3 million pounds. Looking forward, the group said it was "cautiously positive" on the 2011 financial year. Swallowfield shares were unmoved at 133.5p.

2ergo Group (RGO), the mobile business and marketing solutions company, has raised 3 million pounds via a placing to fund forthcoming opportunities and for working capital purposes. The placing price is at a 1.9% discount to the closing middle market price of 128.5p on 23rd February 2011. "2ergo is entering an extremely exciting period in the rapidly expanding mobile market," commented chief executive Neale Graham. The shares inched back 1p to 127.5p.

I know very little about this Company but there were some big trades here today - its perhaps worth reading up on! On my to do list!

Bodycote (BOY) has swung to a pre-tax profit for the year ended 31st December 2010 but news growth in 2011 is expected to be slower than a year earlier pushed the specialist testing supplier's shares down 12.5p to 286.2p. The group reported pre-tax profits from continuing operations at 45.2 million pounds, which compares to a loss of 54.5 million pounds a year earlier, on revenue up 14.8% at 498.8 million pounds. "The board is confident that 2011 will be another year of growth for Bodycote, albeit at a less rapid rate than experienced in 2010," commented chief executive Stephen Harris.

Arbuthnot reiterated its "buy" rating for Town Centre Securities (TCSC), the property investment and development company, with an increased target price of 215p, up from 209p. With income improving, occupancy up, an undemanding valuation yield and a dividend yield of 5.6%, the broker believes the group offers value. Furthermore, rental income continues to progress and, from a relatively attractive yield base, Arbuthnot sees additional near-term improvements in capital values. The shares remained untouched at 182p.

I expected a bigger reaction to the SP today - given time I am optimistic of good upside from here

Singer Capital Markets commented on independent business publishing and information group Centaur Media (CAU). The broker notes the group's interim results were in-line with its January trading update and it signalled a continuation of the recovery in the first two months of the second half of the financial year. Moreover, with the stock having eased from recent highs and recovery progress on track, the broker thinks the shares look "more attractive". Centaur shares gained 0.88p to 65.88p.