Member Info for mulledwine

Evolution Securities initiated coverage on Craneware (CRW), the proprietary revenue cycle management software solutions provider, with a "buy" recommendation and 675p target price. The broker believes the group is in a "sweet-spot of demand" for revenue integrity solutions in the US hospital market, benefiting from several regulatory catalysts, a large market opportunity and limited competition. That said, Evolution thinks the stock is highly rated by the market and trades at a substantial premium but, nevertheless, it sees continued stock price outperformance

GE&CR issued a "buy" recommendation for Skywest Airlines* (SKYW) with an increased target price of 40p, up from 35p. The research house notes the group's announcement that it had entered into an exclusive 10 year strategic alliance with Virgin Blue Group to service regional Australia, operating up to 18 new Virgin Blue branded turbo jet aircraft to a number of existing and new destinations around Australia. In light of this, coupled with continuing growth in the charter business, GE&CR forecasts a 25% increase in revenue in 2012.

Continued strong growth. Blue today!

Hugh O'Donnell, Chief Executive Officer of Kentz Group, commented: "I am pleased to report that Kentz has finished the year in a very strong position. Despite the challenges within the global market place, the Kentz strategy has delivered significant growth through the globalisation of our Business Units. Pricing pressure in the Middle East caused some delay to EPC projects in the first half of the year, but a number of these projects are moving ahead now and we have seen a substantial uplift in activity in the second half. "Kentz continues to deliver projects in challenging and remote locations and this period has seen us add new geographic areas to our operations including Papua New Guinea, the Dominican Republic and Iraq. Importantly, these projects are with existing Kentz clients and our focus on delivery for core customers has proven to be the right approach; with the signing of two new framework agreements with ExxonMobil and Shell during 2010. Natural growth in current contracts has been a continuing feature of our business and coupled with a growing number of longer term opportunities gives us confidence that the outlook for 2011 will be ahead of our previous expectations."

Kentz is pleased to report the strong performance reported at the time of the Interim Results in September 2010 has continued through the second half of 2010 with significant natural growth from current contracts and increased demand for our services across the three Global Business Units (GBUs); Engineering, Procurement and Construction (EPC), Construction, and Technical Support Services. Following a very strong fourth quarter performance we now expect that revenues and profits for 2010 will be significantly ahead of current market expectations for the year. · Backlog at the end of the year was US$1,600m, in line with the level reported at the half year and up from US$1,497m at the end of December 2009 · In addition we have received letters of intent, not yet converted to backlog, and new orders from our clients in 2010 together totalling a further US$25m · Total order intake to backlog between January and December 2010 was US$1,253m · Natural growth on existing orders represented 39% of the total order intake for 2010 · The EBIT and PBT margins for 2010 are expected to be in line with market expectations

http://www.investegate.co.uk/Article.aspx?id=201101140700044552Z

http://www.investegate.co.uk/Article.aspx?id=201101140700054611Z

Jaime Lomelín, Chief Executive Officer, said: "I am very pleased to report that we have concluded 2010 by producing a record amount of silver and gold. Our newest gold mine, Soledad-Dipolos, was an important factor in this excellent performance, as well as efficiency measures at our mines and the implementation of the six sigma management tool improvements. We are on track for the next phase of growth with the start up of Saucito, the expansion at Ciénega and Soledad-Dipolos and the commencement of construction at Noche Buena. Our aim of producing 65 million ounces of silver and more than 400,000 ounces of gold by 2018 is getting closer with these new projects and is supported by our solid track record of delivery."

Outlook for 2011 · Silver production expected to increase by 5% to 44m oz (including 3m oz from the Silverstream) as Saucito starts up in H1 2011. · Attributable gold production expected to increase by 8% to 400,000 oz as Soledad-Dipolos and Ciénega expand production throughout 2011. · Construction of Noche Buena will commence for expected production in 2012. · Exploration budget to be significantly increased to US$251.4m, up 151% on the approximately US$100.1m spent in 2010.1 · Cost control initiatives and operating efficiencies will continue across all operations.

Overview · Quarterly attributable silver production of 10.5m oz, up 3.6% on the corresponding period last year (including 0.91m oz from the Silverstream). · Record quarterly attributable gold production of 100,822 oz, a 26% increase over the corresponding period last year as Soledad-Dipolos exceeds expectations. · Record annual silver production of 42.1m oz, up 2.0% year on year (including 3.5m oz from the Silverstream). · Record annual attributable gold production of 368,995 oz, up 33% year on year · Construction of the Saucito development project, and expansions at Ciénega and Soledad-Dipolos are on track to be concluded in 1H 2011. · Board approval of Noche Buena gold project with commercial production expected in H1 2012 with an estimated average production of 75,000 oz pa.

http://www.investegate.co.uk/Article.aspx?id=201101140700054609Z

22P - 37P since October - excellent return

Belarusian Potash Company (BPC) Reaches Agreement on Potash Shipments to China Belarusian Potash Company (BPC, joint venture trader of Uralkali and Belaruskali, and the world leader in export sales of potash fertilizer) has informed Uralkali that it has agreed a contract with major Chinese fertilizer importers Sinochem and CNAMPGC. Major Contract Parameters: Price for metric tonne USD 400 (CFR) Supply volume 600 thousand tonnes, including 120 thousand tonnes of mutual optional quantities Contract period January 13, 2011 - June 30, 2011

http://www.investegate.co.uk/Article.aspx?id=201101131026204105Z

Hallmark - have you seen this synospis - it refers to Thunderball and that they are looking for a farm in partner. http://grayshares.co.uk/graysinvestmentbloguk/2010/09/05/rheochem-swing-back-to-profit-thanks-debt-deal/ A snippet of which is 05/09/2010 In terms of the remaining assets that Zeus has after they had to relinquish most, two are very early exploration targets, the Metis acreage which has an estimated 20-392mmbbls of prospective recoverable resources, and Thunderball which had previously flowed 34mmscf (click here for a gas to barrel of oil equivalent (boe) calculator) on production test. In terms of what they plan to do with these fields, Metis will be relinquished if a farm in partner cannot be found by the December 2010 expiry data, Thunderball on the other hand they expect to keep, and duly expect to gain a farm in partner as some point in the future. Then there is the potential jewel in the crown, via their 10% interest in the Athena block. Rheochem’s 10% interest in Athena gives them 2P reserves of 2.44mmbo, with 3P reserves of 4.39mmbo. So, if recent deals were to be used, with 2P reserves being valued at approximately US$18, this would mean that this 10% stake is worth US$44m (double Rheochem’s current market cap). But what makes this even more potentially company changing for Rheochem is that production of 22,000 bopd (2,200 bopd net) is expected to begin in 2011, with the FDP approval due by the year end at the very latest. Production of this size for a company of Rheochem’s size, considering that netback is expected at just US$48 a barrel, with cash costs expected to be less than $25 a barrel is quite mouth watering. To explain, if oil stays at US$70 a barrel, then Rheochem at a production of 2,200 bopd would earn a revenue of US$56.2m ((2200 x 70) x 365) in its first year, with a cash flow of US$36m ((2200 x 45) x 365), and a profit of US$17.6m ((2200 x 22) x 365). Of course this revenue will dwindle after the first year as production falls off, but nevertheless, the fact remains that in its first year of production, Athena will earn a greater cash flow than Rheochem’s current market cap.

John von Spreckelsen, Thorntons' Chairman, commented: "We are pleased to report sales growth in the second quarter despite the impact of the adverse weather on Own stores sales. This was offset by a solid performance in the Commercial and Thorntons Direct channels. Overall sales grew by 3.9% with sales of Thorntons' branded products up 4.1%. Easter orders so far from our Commercial customers are encouraging."

Highlights: · Total sales grew by 3.9% to £83.7 million. · Sales of Thorntons' Branded product increased by 4.1% to £83.3 million. · Commercial sales grew by 33.7% to £25.3 million, with over 98% of these sales being Thorntons branded products. · The adverse weather conditions over the Christmas trading period contributed to an Own store sales decline of 6.8% to £48.2 million with a like for like sales decline of 5.9%. · Franchise sales decreased by 2.2% to £5.1 million over the period as our franchisees experienced similar issues with the weather. · Thorntons Direct sales increased by 7.6% to £5.1 million with growth in both online and corporate sales.

http://www.investegate.co.uk/Article.aspx?id=201101130700053794Z

http://www.investegate.co.uk/Article.aspx?id=201101130700073849Z

Arbuthnot retained its "buy" rating for housebuilder Persimmon (PSN) with a 487p target price. In a trading update, the group revealed that it had maintained its land bank at approximately 6.3 years while simultaneously reducing debt from a peak of 1.2 billion pounds to just 51 million pounds at December 2010. Arbuthnot thinks that housebuilders with the balance sheet capability and ability to improve the site portfolio mix in favour of new, full margin sites will be able to progress profitability despite anticipated flat volumes and stable prices. That said, Persimmon is firmly in this camp, with 20% of 2011 completions expected to be on new land.