Member Info for mulledwine

Might be enough for for upward movement today

The second half of the year has started well, but traditionally our results have been affected by a short month in December and weather conditions impacting on the building trade. We are also keeping a close watch on the effects of Government spending cuts on the construction market. We feel however that we are well placed to deal with most eventualities.

Interim results for the period ended 30 September 2010 Chairman's Statement * Sales: up 8% to £10,814,000 * Operating profit: up 146% to £463,000 * Interim dividend reintroduced

http://www.investegate.co.uk/Article.aspx?id=20101210070000P26DC

Yep need that permit ! http://www.investegate.co.uk/Article.aspx?id=20101210070300H1144

http://www.investegate.co.uk/Article.aspx?id=201012100700087098X

Second Quarter and Six Month Highlights · Revenue increased by 220% and 71% for the three and six months ended October 31, 2010, compared to the respective periods last year. · Completed first grid connection of a wave energy device in the US, at the Marine Corps Base Hawaii, in conjunction with the US Navy. · Announced awards totaling approximately $10 million since beginning of fiscal year 2011. Order backlog was $7.5 million as of October 31, 2010, compared to $5.7 million at April 30, 2010. · Awarded $2.75 million in additional funding by the US Navy for the second stage under its existing program to provide an autonomous PowerBuoy® wave energy conversion system for the US Navy's Littoral Expeditionary PowerBuoy ("LEAP") program. · Won two new funding awards totaling $4.8 million from the US Department of Energy ("DoE"). These awards comprise $2.4 million for deployment of one of OPT's PB150 PowerBuoys off the coast of Reedsport, Oregon and $2.4 million for the development of OPT's next generation 500kW PowerBuoy, the PB500. In July 2010, OPT was awarded £1.5 million (approximately $2.3 million) from the UK government's Southwest Regional Development Agency ("SWRDA") for development of the PB500. · Neared completion of OPT's first PB150 PowerBuoy, which is expected to be ready by the end of this month for ocean trials off the coast of Scotland. · OPT signed a groundbreaking agreement with 11 federal and state agencies and three non-governmental stakeholders for its utility-scale wave power project at Reedsport, Oregon. · Subsequent to the end of the second quarter, OPT announced the expansion of its relationship with Mitsui Engineering & Shipbuilding Co. Ltd. ("MES") with the signing of a new contract to develop OPT's PowerBuoy technology for its application in Japanese sea conditions. Under this new contract, MES and OPT will work together to develop a new mooring system for OPT's PowerBuoy, customized for wave power stations off the coast of Japan. The new system will undergo testing at MES's wave tank facilities to verify the results of extensive computer modeling.

http://www.investegate.co.uk/Article.aspx?id=201012100700107161X

http://www.investegate.co.uk/Article.aspx?id=20101210062000H1137

Nice rise since results on wednesday.

Buy Avesco (AVS) at 100p says Lucian Miers For those who like a courtroom punt, Avesco looks an interesting play. The company provides services to the corporate presentation, entertainment and broadcast markets (putting up Video screens at the Ryder Cup; that sort of thing). After a torrid and loss making 2009 it expects to be profitable this year and issued an upbeat trading statement yesterday. At 100p AVS is capitalised at £25 million. It has tangible assets of 144p per share, is cash generative and its net debt of £17 million is set to fall by the year end. All in all a company that looks cheap on fundamentals. Where it gets really interesting is in the US district court of Riverside, California. In July the jury awarded Celador International $269 million against the Walt Disney Company in a dispute about the TV show “Who wants to be a Millionaire” Avesco has a share of this award worth $50 million were it to be paid in full. Disney announced their intention to appeal and a decision is expected later this week. Reports in the Hollywood press yesterday indicate that the appeal is unlikely to succeed. If this is the case the appeal process may continue in a higher court but Disney’s chances of success would appear to be fading. This would indicate that Invesco’s chances of scooping $50 million and paying out a special dividend of the order of 125p per share are on the rise. In short here is a good play on fundamentals with a very real chance of an additional jackpot payout of in excess of the current share price. I have bought at 100p and await imminent news from the courtroom with interest.

http://www.offshore247.com/news/art.aspx?Id=18034

chickendoe - Im not so sure that fundraising is out of the way for some time. The drilling costs between now and end of Nov 2011 will be £1M and they will need that as soon as the 100k runs out. I am keen to invest here but might just wait until the next fundraising although you have to way that up with the fact that Uranium miners are very much in demand. "The Group currently has cash balances of approximately £100,000 and therefore will require further funds to meet its budgeted operating and drilling costs of £1,000,000 for the period ending 30 November 2011 (being 12 months from approval of these financial statements). The Directors are confident that they will be able to raise the additional funds and continue to meet their obligations, as they fall due. In coming to this conclusion, the Directors noted their two previous capital raisings and the continued support received from its major shareholder, Estes Limited."

Uranium surges as Beijing goes nuclear Created: 8 December 2010 Written by: Mark Robinson Spot prices for uranium have recently bubbled up to around the $67 (£42.38) mark following confirmation that China's plans for its nuclear industry are far more ambitious than previously thought. At the recent International Nuclear Symposium held in Beijing, Chinese authorities announced that the People's Republic intended to construct up to 245 reactors over the next 20 years, at a projected cost of $511bn (£323bn). China's ambitious urbanisation programme, coupled with unrelenting industrial demand, have placed great strain on its existing power infrastructure. Currently it is reliant on coal-fired power stations for 65 per cent of its energy needs, but as demand steadily rises, the country is facing the prospect of perpetual energy deficits unless alternate sources are brought on stream. By 2020, it is estimated that China will require at least 35 per cent of the world’s current output of uranium ore, and that’s before the majority of the new reactors come on stream. Other countries, such as India, are also determined to expand nuclear capacity. The recent hike in the spot price for uranium means it has now risen around 45 per cent since the start of this year. And come 2013, the supply of 'above-ground' uranium that has come from the gradual decommissioning of a vast arsenal of Sovier-era missiles will cease. That could throw the underlying supply-demand picture into sharp relief and have significant implications for the spot price.

http://www.investegate.co.uk/Article.aspx?id=20101209070000P7B83

James Menzies, Chief Executive of Salamander, commented: "We are pleased to be able to demonstrate progress across our business, with a new licence award in Indonesia; forthcoming drilling activity on our Thai acreage and the discovery of a significant gas resource in the Bontang PSC, Indonesia." We will now be engaging in further analysis and appraisal of the Angklung area in order to highlight the material value of Salamander's position in the North Kutei basin. Meanwhile we are looking forward to testing the East Terrace oil prospect together with further development drilling and associated production growth from the Bualuang oil field in the Gulf of Thailand."

http://www.investegate.co.uk/Article.aspx?id=201012090700096380X

http://www.investegate.co.uk/Article.aspx?id=201012090700116403X

Exillon Energy plc joins FTSE 250

http://www.investegate.co.uk/Article.aspx?id=201012090700116524X