Member Info for mulledwine

Image Scan Holdings (IGE) posted reduced losses for the year ended 30th September 2010, as the demand for FlatScan portable x-ray scanning systems more than compensated for the lower level of Axis and industrial sales. The company, a specialist in the field of real-time 3D and 2D x-ray imaging for the security and industrial inspection markets, said pre-tax losses fell by 29% to 382,000 pounds on revenue slightly up 1.94% to 1.44 million pounds. "The financial results for 2010, whilst still disappointing, mask the fundamental progress being made in changing the historical culture and repositioning the strategic focus of the company," commented chairman Brian Emslie.

Looks like RHEP may be suffering from the floods as per last year - certainly the SP suggest it is so Old RNS 2010 Final Results stated Rheochem Limited continues to be a major supplier of drilling fluid chemicals and services for both onshore and offshore oil and gas drilling campaigns. This year we experienced a marked reduction in onshore drilling activity in the second half due to extensive flooding in Queensland and South Australia, with some drilling rigs being out of action for up to five months.

"Serious accounting irregularities have been brought to the attention of the Board as a result of which the Company will be carrying out an immediate investigation to consider the financial implications." Looks like the BoD had no idea how their Compay was actually performing and relying solely on accountants figures ! Chin up folks hopefully all is made clear shortly and its not as bad as first thought.

Ahead of the annual reporting season for the oil super majors, Seymour Pierce moved its recommendation for project management and services company Amec (AMEC) from "hold" to "add" with an increased target price of 1,250p, up from 1,150p. The broker believes the current high level of oil prices will lead to announcements of record capital investments by the big five oil majors. With expenditure in 2011 expected to exceed the record 127 billion dollars (80 billion pounds) set in 2008, Seymour thinks this is good news for oil service companies

Panmure Gordon maintained its "sell" recommendation for eaga (EAGA), the outsourcing group, with a 45p target price. The broker has taken a more cautious stance following the Autumn Spending review, which resulted in big cuts to the Warm Front fuel poverty programme, which eaga helped to deliver. Challenging trading conditions remain in its Heating division, while at the time of the review, there was uncertainty on how its solar PV was progressing. Since then the solar venture has progressed, but it is still very early days. The medium term attractions of the shares remain sound but, for now, Panmure remain cautious.

Commenting, Darren Throop CEO of Entertainment One, said: "This performance further supports Peppa Pig's position as one of the most popular pre-school properties in the market today and further highlights the potential for Peppa's expansion into the US. Peppa has had a hugely successful year and we are looking forward to growing our Family division's success through this and other properties, including Ben & Holly's Little Kingdom in the coming year."

http://www.investegate.co.uk/Article.aspx?id=201101250700090059A

Gold production at Hidden Valley improved by 23%, quarter on quarter, at 26,584 ounces of gold (Harmony's 50%) produced, due to higher gold feed grades and improved recoveries. Silver production was 44% higher at 191,327 ounces of silver (Harmony's 50%), as a result of higher recoveries. The average grade for the quarter was 2.21 g/t Au, while the silver grade was 26.6 g/t Ag, with unit costs lower at R195 605/kg (US$884/oz), in comparison to R244 720/kg (US$1042 /oz) in the previous quarter. "These production results, together with the excellent safety performance by the mine during the quarter, demonstrate that our strategy of investing in safe, quality growth projects is starting to deliver" says Harmony chief executive, Graham Briggs.

http://www.investegate.co.uk/Article.aspx?id=20110125070506PB9BA

Chairman, Neil Johnson commented: " The negative impact on the Group caused by the unusually adverse weather in December is almost certainly a one-off event. Coming on top of the previously reported supply chain issues the result for the year will clearly be impacted. Nonetheless, due to its diverse product and geographic spread Hornby continues to occupy a position of strength amongst its peers. We continue to see significant growth potential in many of our markets. The further positive progress on our supply chain issues will enable us to capture this potential as the business grows."

In the interim report on the first half of the financial year to 30 September 2010, we indicated that sales in the UK had shown good growth compared to the previous year. This trend did not continue during the pre-Christmas period. The Group's retail customers experienced weaker sales than expected in the weeks immediately prior to Christmas. The major reason was the impact of the inclement weather which led to sales to consumers being lower than expectations. This, in turn, resulted in reduced sales by the Company to its retailers.

http://www.investegate.co.uk/Article.aspx?id=201101250700089986Z

http://www.investegate.co.uk/Article.aspx?id=201101250700090191A

I like this RNS!

Gem Diamonds CEO, Clifford Elphick commented: "The reports of strong diamond jewellery sales in the important US Christmas season, continuing growth in sales of diamond jewellery in Asia, specifically China and India and the fundamental supply demand imbalance, has meant strongly rising prices for rough diamonds and to a lesser extent polished diamonds. Concerns ahead of the Christmas season that rough diamond prices were too far ahead of the equivalent polished prices, have been replaced with concerns that it is polished prices that need to (and are beginning to) catch up. For the first time Letšeng now has control over it's sales and marketing. The increase in prices for Letšeng's unique diamonds, together with the 25% increase achieved for the rare fancy yellows our Ellendale mine sells to Tiffany, have enabled Gem Diamonds to achieve record average prices for both mines in the fourth quarter. The Group remains focussed on moving forward with a number of core growth work streams, which will provide Gem Diamonds with increased exposure to rising and robust diamond prices."

In Q4 2010: · Letšeng Diamonds implemented its new sales and marketing strategy. · Rough diamond prices continued to strengthen. · Three exceptional white diamonds of 196 carats, 184 carats and 116 carats were sold for a total value of US$28.5 million at a combined average price of US$57 427 per carat. · A record quarterly average price of US$3 291 per carat was achieved for Letšeng's rough production in Q4 2010. (US$1 680 per carat in Q3 2010). · In Q4 2010 a total of 48 diamonds sold at prices greater than US$20 000 per carat contributing a total revenue of US$59.6 million (average of US$42 740 per carat), including a 4.68 carat blue rough diamond which sold for a Letšeng record US$155 000 per carat. · Another exceptional 196 carat white diamond was recovered from the Main pipe at Letšeng in January 2011. Ellendale: In Q4 2010: · Ellendale achieved a record quarterly average price of US$3 482 per carat for its fancy yellow production sold directly to Tiffany & Co subsidiary Laurelton Diamonds Inc. (US$2 792 in Q3 2010). · Ellendale achieved an average price of US$189 per carat for its commercial production. Gope: · Gope Exploration Company has been awarded a mining licence for the Gope diamond deposit by the Government of the Republic of Botswana.Full details of the Gope project will be published in the 2010 Full Year Results on 15 March 2011.

http://www.investegate.co.uk/Article.aspx?id=201101240700089294Z

Highlights · Conditional order for up to 200 integrated mCHP products - total contract value of up to 4.9 million Euros (AUD 6.6 million) over two years · Further sales of BlueGen units - cumulative orders for 62 BlueGen units in many large global markets · First BlueGen sale in Italy · Hills Industries Limited appointed as BlueGen distributor and national service and support partner in Australia · Progress towards product certification for UK feed-in tariff · BlueGen assembly transferred from Melbourne to Germany and operational from January 2011 · Supply agreement with HC Starck secures long term volume supply of fuel cell components at agreed prices · Powder sale contract - CFCL's UK plant to supply ceramic powder to HC Starck

http://www.investegate.co.uk/Article.aspx?id=201101240700059315Z

http://www.investegate.co.uk/Article.aspx?id=201101240700059313Z