Member Info for mulledwine

http://www.investegate.co.uk/Article.aspx?id=201209050701075222L

Outlook SMS has continued to make significant progress against its core objectives, with recent contract wins (SSE, Total and CNG) prospectively adding the equivalent of 430,000 domestic meters. Further new clients, positive progress in the trialling of the Group's smart meter technology and new banking arrangements have underpinned the growth of the business. The board continues to look to the future with optimism.

Gristy - howdy - I firmly believe this Company has a lot of potential still to over - todays results back that ....and as you say the SP movement has been outstanding ...I think there is still a lot of mileage here as long as the company keeps expanding and it should be a good ble day today - however the markets are not always predictable and some 'correction' may occur to the SP in the near future. Although I have been in here before, I am not at present. I will be buying on any dips but I will leave again when my 10 - 20% target is reached - I have missed out on the large rise here becuase of that tactic but profit is profit - not all shares follow the pattern that the SP has here !

Alan Foy, Chief Executive Officer, commented: "SMS has had another strong trading period, with significant new contracts in both the domestic and I & C markets in addition to our first sales of the ADM™ device , enhanced by securing banking facilities to support our plans. We look forward to the future with confidence which underpins our decision to announce our maiden dividend to shareholders."

Post balance Sheet Events · New banking club arrangement announced on 2 August 2012 for £45m with Barclays Bank PLC (lead bank), Clydesdale Bank PLC and Lloyds Bank PLC, replacing all existing facilities · Received Full European Patent Approval for the ADM™ device effective 15 August 2012 · Total portfolio increased to 296,000 at 31 Aug 2012 with a corresponding annualised recurring rental increase to £9.65m · New contract with DONG Energy Sales Limited (formerly Shell Gas Direct) announced on 30 August. This contract includes the provision of ADM™.

Operational Highlights · Total meter portfolio increased by 25% to 283,275 (H1 2011: 227,517) · Increase of 51% in capital investment in meter assets to £5.9m (H1 2011: £3.9m), bringing the total to £26.4m · Increase in annualised recurring revenue of 38% to £9.1m (H1 2011: £6.6m) · Significant new contracts announced · Gas Suppliers § Scottish and Southern Energy (SSE) : c180,000 domestic meters § Total Gas and Power (TGP) : Initial Quantity of 15,000 I & C meters and ADM™ devices § Contract Natural Gas (CNG) : Initial Quantity of 1475 I&C meters and ADM™ devices with exclusive arrangement to the balance of their portfolio estimated at over 20,000 I&C meters · Energy Brokers; providers of brokerage services to small medium and large group consumers § BIU, Solis, Energi, Imserve and ISS for ADM™ devices and gas meters · Trials commenced in the Water and LPG markets in the UK for the ADM™ device

Interim Results for the six months ended 30 June 2012 Smart Metering Systems plc (AIM: SMS.L) is pleased to announce its interim results which show a strong trading performance for the six months ended 30 June 2012 and a maiden dividend to shareholders. Financial Highlights · Revenue increased by 25% to £9.3m (H1 2011:£7.4m) · Recurring meter rental increased by 39% to £4.2m (H1 2011: £3.0m) · Gross Profit increased by 53% to £5.8m (H1 2011:£3.8m) · EBITDA* increased by 66% to £4m (H1 2011:£2.4m) · PBT* increased by 88% to £2.9m (H1 2011:£1.5m) · Basic earnings per share increased by 46% to 2.6p (H1 2011:1.78p) · Maiden dividend of 0.5p per ordinary share *Excluding exceptional items and fair value adjustments

http://www.investegate.co.uk/Article.aspx?id=201209050700064976L

Valuation: Over £1.00 Assuming the efficient evolution of operations from Kalsaka to Sega and the successful execution of the Baomahun mine plan, which is on track to produce first gold in FY15, Edison estimates a current value to investors from future potential dividends of US$1.62 (£1.02) per share after exploration expenditure (at a long-term gold price of US$1,350/oz and a discount rate of 10% to reflect general equity risk). This rises to US$2.06 (£1.30) in FY16 and also to US$2.38 (£1.51) at a gold price of US$1,600/oz. Exploration assets (past and future) could be worth an additional c 78- 136c per share.

Valuation: Erosion of premium rating H R Owen shares have historically enjoyed a premium rating (typically 30%) relative to other motor dealership groups, related to the unique nature of its product and customer bases. With a prospective rating of just over 11 times, the premium has been eroded at a time when the new strategy suggests accelerated profits growth.

http://www.edisoninvestmentresearch.co.uk/researchreports/HROoutlook030912.pdf

Seymour Pierce maintained its "buy" rating for Ashtead Group (AHT) and raised its target price from 300p to 320p. The broker expects a strong first quarter performance from industrial equipment rental company, noting peers such as United Rentals reporting revenue growth of 15% for the same period. Seymour Pierce said that the trend from owning to rental in the sector is continuing, while construction sending in the US rose 7% year-on-year in June

A bit more on the BN Singer Capital upgraded its stance on Trinity Mirror (TNI) from "fair value" to "buy", with an increased target price of 40p, from 25p. The broker believes that the newspaper publisher's new chief executive, Simon Fox, is likely to reinstate the dividend shortly, with an expected minimum payout of 3p per share in the 2013 financial year. Singer said that this assumption is supported by a stronger first half performance, with profitability significantly ahead of expectations

Panmure Gordon reiterated its "buy" recommendation for Spirit Pub Company (SPRT) with a 67p target price. The pub chain will issue an interim management statement on Tuesday, 4th September, and the broker expects it to reaffirm that it is on track to meet its full year pre-tax profit target of 51.5 million pounds. Panmure noted that the group beat like-for-like sales forecasts in its managed pubs for the 12 weeks ended 26th May, achieving growth of 3.7% against an expected 1%.The broker added that the shares trade on a prospective EV/EBITDAR multiple of 7.1 times for 2013 and offer a dividend yield of 4%

Canaccord Financial Inc. Buy 31-Aug-12 £32,211.68 John D. Rothwell 10,000 @ 322.12p

Glanbia Sell 30-Aug-12 € 457,373.71 John J. Moloney 72,599 @ € 6.30 Glanbia Sell 30-Aug-12 € 262,445.41 Kevin Toland 41,658 @ € 6.30 Glanbia Sell 30-Aug-12 € 180,375.31 Siobhan Talbot 28,631 @ € 6.30 Glanbia Sell 30-Aug-12 € 77,307.30 Michael Horan 12,271 @ € 6.30

Mark Light, an executive at Signet Jewelers, reduced his stake in the retailer on Friday with the sale of 25,000 shares, the company announced on Monday. The shares, which were priced at 2,857.59p, were sold for a total of £714,398. Following the transaction, he still owns a total of 44,941 shares. Light, who joined Signet back in 1978, become the Chief Executive of the company's US division back in January 2006, having been President and Chief Operating Officer of the unit from 2002.

EMIS Group Sell 04-Sep-12 £7,000,000.00 Phillip Woodrow 1,000,000 @ 700.00p

Chris Cole, the non-executive Chairman at plant-hire group Ashtead, raised his stake in the firm on the same day that the company revealed it would beat its initial forecasts for the full year. Cole purchased 30,000 shares of the FTSE 250 firm at 315p each for a total of £94,500. The transaction brings his total shareholding to 132,082, equal to 0.02% of the issued share capital. Ashtead saw shares jump nearly 12% on Tuesday after saying that full-year results will be "materially ahead of our previous expectations".

Record results from Genus, the animal genetics company, topped full-year sales and profits expectations on the back of strong performances in Asia, North America and Latin America. Revenue in the year to June 30th rose 10%, or 12% in constant currency (CC) terms, to £341.8m from £309.9m the year before. The market had been expecting revenue of around £333.2m.