Member Info for mulledwine

Key points: § Currently twelve restaurants trading. § Disposals programme for the disposal of the remaining four underperforming sites completed. § Operating profit of £0.39m for the period.

http://www.investegate.co.uk/Article.aspx?id=201208310700081518L

Christopher Hill, Chairman of International Oil and Gas Technology Limited, said, "The first six months of 2012 have been marked by considerable progress in building value in the portfolio companies. The focus of the Company has been on consolidating their performance. In each case, we have concentrated on building a solid, repeatable business base and providing support for growth via considered injections of growth capital." David Sefton, Partner at Linton Capital, said, "During the period, we have concentrated on developing the strength and scale of the Company's three portfolio investments, Strata, Crest and SR2020. We are pleased to report that all three companies, although operating with differing market drivers, have demonstrated to their customers the value of service excellence and focused technology-driven solutions. We are confident that SR2020 has the potential to become one of the Company's most successful investments."

International Oil and Gas Technology Limited (the "Company") Interim Results International Oil and Gas Technology Limited (LSE:OGT), an authorised closed-ended investment company incorporated in Guernsey, announces its interim results for the six months to 30 June 2012. Highlights · Net Asset Value ("NAV") increased by 0.9% to US$10.39 (31 December 2011: US$10.30) · Progress in building value across the investment portfolio · Strata has been affected by the slowdown in the Canadian drilling market but is expanding internationally. No expected impact on long-term value and realisation plans · Crest Energy Services has increased revenues and is investing in new equipment · SR2020 has transformed its market position, leading to considerably increased demand for its range of specialist seismic services.

http://www.investegate.co.uk/Article.aspx?id=201208310700071506L

ommenting, Randeep S. Grewal, Chairman and CEO of Green Dragon Gas said: "The first half of this year was spent on materially increasing the drilling activity within the GSS Production Block and related planned infra-structure enhancements. The building blocks continue to fall into place for us to achieve our 18 Bcf production target at the end of our capex program from this block in southern Shanxi province. This half year witnessed the finalization of the installation of the 10 MW Caterpillar Power Plant and the pipeline completion from the GSS production facility to the PetroChina Huabei facility connecting onto the West East Pipeline infrastructure. The Company is focused on moving GSS gas production through the Integrated Production Facility and on to our wholly owned retail stations. This is a vital part of demonstrating our vertically integrated model, and proving our ability to sell our in-house produced gas at market prices which continue to hold at US$16.2 per Mcf (RMB 3.55 per cubic meter). In my view, our ability to meet our corporate targets and to monetize our production is within reach. It is worth noting that the target of 18 Bcf can be achieved from a little over 200 LiFaBriC wells and hence this is an achievable ask. We will continue to surround GSS with infra-structure enhancements and retail outlets to monetize the production growth in a timely fashion. In Beijing, our jointly controlled entity Beijing Huayou saw a revenue decline due to a large customer closing a power facility for an upgrade. We are already seeing a return of that customer back to historical volumes and expect BHY to continue to grow revenues year-on-year."

Midstream Wholesale Gas: § Gas sales volume through the distribution stations in ZPH (Zhengzhou Petro-China Hengran) and APH (Anhui Petro-China Hengran) increased 1.0% from 1.38 in H1 2011 to 1.39 Bcf in H1 2012 § 9.4 km pipeline installed and completed to PetroChina Huabei from the GSS Production Block. § Downstream Sales of Gas: Gas sales volume at BHY (Beijing Huayou) decreased to 6.3 Bcf in H1 2012 from 6.57 Bcf in H1 2011 representing a 4% decrease over the same period last year due to a large BHY customer temporarily closing a power facility for an upgrade which is now back on line § In Beijing, BHY added an additional 12km of pipeline in H1 2012, bringing the total to 321km § Sales volume through the Company's retail stations increased from 95.8 MMcf in H1 2011 to 151.1 MMcf in H1 2012, an increase of 58% over the period § Industrial customers sales volume through Greka Gas Distribution increased from 166.5 MMcf in H1 2011 to 177.0 MMcf in H1 2012, an increase of 6% year-on-year § 3 additional retail stations are nearing completion; planning consents for a further 11 are approved and 9 have received partial applications and approvals Technology and Manufacturing: § 2 well-head compressors were added onto GSS production wells, bringing the total to 11 § 5 additional SCADA systems were installed to the wells in GSS during the first half of 2012 bringing the total to 17, with 19 under construction

OPERATIONAL HIGHLIGHTS Upstream - Gas Production: § Total gas production at the GSS Production Block was 832.4 MMcf in the first 6 months of 2012 a 31% increase year-on-year (635.2 MMcf in H1 2011) § 34 additional wells drilled across all 6 blocks in H1 2012 § 34,805 meters drilled at the GSS Production Block in H1 2012 (9,452 meters in H1 2011) § 15,325 meters were drilled in the exploration blocks meeting the minimum Capex requirements under all the 6 PSCs (Production Sharing Contracts) § 50,131 total meters drilled in H1 2012, a 74% increase on H1 2011 § 8,789 in-seam meters drilled in H1 2012, an 11% increase on H1 2011 § 10 MW Power plant facility with Caterpillar engines completed and on-line

GREEN DRAGON GAS LTD ("Green Dragon" or "the Company") Operational Highlights - GSS production drilling increases 74%; total GSS gas production increases 31%; Sales at Retail Stations increases 58% Interim Results to be announced on 5 September 2012 Green Dragon Gas, one of the largest independent companies involved in the production of CBM gas and the distribution and sale of wholesale gas in China is pleased to announce that sales at its existing gas refueling stations increased 58% to 151.1 MMCF YoY, for the 6 months to 30 June 2012. The ability to price Green Dragon's upstream gas at retail outlets validates the vertically integrated business model of the Company. The Company intends to announce its interim results for the 6 months ended 30 June 2012 on 5 September 2012.

http://www.investegate.co.uk/Article.aspx?id=201208310700051443L

Tony Buckingham, Chief Executive Officer, commented: "We are delighted by the overwhelming support of our shareholders for the transformational acquisition of OML 30, which will create significant shareholder value and is cash generative upon completion. We are expecting to complete the transaction in the short term."

Commenting on the results, Simon Hubbert, Chief Executive of Lombard Medical, commented: "During the period we made significant progress against a number of objectives set out at the start of the year and reported double digit commercial revenue growth despite weakness in the Eurozone and challenging market conditions. In Europe we launched our AorflexTM delivery system which has been well received by clinicians and reported sales growth of +50% in Germany. Our submission for AorfixTM is with the regulators and we continue to anticipate US approval later this year."

Financial highlights · Total commercial revenues increased 15% to £2.0m (H1 2011: £1.7m) · £3.0m raised from issue of convertible loan notes to Invesco in March 2012 · Operating loss reduced by £0.6m to £4.4m (H1 2011: £5.0m) · Loss after taxation for the period steady at £4.4m (H1 2011: £4.4m) · Cash of £5.2m as at 30 June 2012 (30 June 2011: £12.1m)

London, UK, 30 August 2012 - Lombard Medical Technologies PLC (AIM:LMT), the specialist medical technology company focussed on innovative vascular products, today announces its unaudited interim results for the six months ended 30 June 2012. Operational highlights · Demand for Aorfix™ increased 23% in the four main EU markets (UK, Germany, Italy and Spain) with 195 patients treated (H1 2011: 158 patients) · Total revenues increased 9% to £2.0m (H1 2011: £1.8m) · Aorfix™ sales increased 11% in the four main EU markets to £1.0m (H1 2011: £0.9m) o 53% growth in Germany reflecting expansion of direct sales team · US regulatory approval submission on track; response to FDA including additional data analyses submitted in July 2012 · High angle clinical data from US PYTHAGORAS trial presented in June 2012 o Strong data despite extremely challenging patient group with high neck angles · Launch of AorflexTM delivery system in April o Encouraging clinician feedback from initial procedures · Key hire - appointment of Ian Ardill to the Board as Chief Financial Officer in January 2012 o Significant financial, medical device, business development and international experience

http://www.investegate.co.uk/Article.aspx?id=201208300700070477L

Luxury auto dealership H.R. Owen released strong first half figures off the back of strong sales of Ferrari and Lamboghini super cars. Revenue from continuing operations for the period was up to £128.4m from £93.1 the year before, also aided by the acquisition of Bentley specialist Broughtons in August last year. Profit increased by 23% to £2.1m, representing earnings per share of 5.9p. The firm also said it expected strong sales in the second half. "The group's profits have historically been weighted towards the first six months of the year and this trend is expected to continue in 2012," said Chief Executive Joe Doyle.

Jefferies now prefers Antofagasta over copper peer Kazakhmys and has downgraded its rating for the latter from 'buy' to 'hold'. "Our preference this year for shares of Kazakhmys over shares of Antofagasta has been based entirely on relative valuations (Kaz is much cheaper). However, after reviewing 1H12 operating results, we conclude that Anto's valuation premium relative to Kaz is fully justified, and we are downgrading shares of Kazakhmys," Jefferies said on Thursday. The broker has reduced its target price for Kazakhmys from 900p to 650p. As for Antofagasta, its target price has been hiked from 1,050p to 1,200p, though a 'hold' recommendation has been maintained.

Key Group Highlights Admiral continued to grow in the first half of 2012 - increasing turnover compared with H1 2011 by 6% to £1.17 billion and adding over 140,000 vehicles since the end of 2011. Year-on-year growth of 350,000 (11%) vehicles meant the Group closed 30 June 2012 with over 3.5 million vehicles. After favourable conditions during 2010 and the first half of 2011 in the Group's core UK Car Insurance market, there has been a marked change in 2012, with premium rates falling and competitors seeking to add market share. In this environment it was appropriate to moderate the rate of growth in the UK, leading to a year-on-year increase in vehicles of 7% to just over three million. Admiral continues to grow its International Insurance businesses, delivering a combined increase in premiums of around 50% (to £74 million) and insuring over 60% more vehicles at 30 June 2012 compared with a year earlier. The Group's four International Insurance businesses now account for 7% of total turnover and 11% of vehicles. Group pre-tax profit increased by 7% to £171.8 million (from £160.6 million). The UK Car Insurance business result was £183.3 million - 9% higher than H1 2011 (£168.2 million), driven by higher net premium revenue and an improved combined ratio. The combined loss of the Group's International Car Insurance businesses increased to £8.9 million (H1 2011: £3.2 million), reflecting investment in further growth in Italy and a significant increase in premium and vehicles in the US. This loss represented 5% of the Group result for the period. Admiral's Price Comparison businesses generated pre-tax profit of £8.1 million - significantly ahead of the £5.0 million result in H1 2011 - reflecting positive development in the Group's international price comparison businesses. Confused.com had a solid first half with a profit of £8.4 million (H1 2011: £8.2 million). Admiral's capital efficient and highly profitable business model led to return on capital of 61% (H1 2011: 63%). A key part of the business model is the extensive use of co- and reinsurance across the Group. During the first half of 2012 Admiral announced extensions to its UK reinsurance arrangements until at least the end of 2014, while its UK co-insurance agreement runs to at least the end of 2016. Earnings per share increased by 9% to 47.3 pence (H1 2011: 43.3 pence) and an interim dividend of 45.1 pence per share has been declared (15% higher than the interim 2011 payment of 39.1 pence) - a payout ratio of 95% (H1 2011: 90%).

Comment from Henry Engelhardt, Chief Executive Officer "Admiral has delivered a further increase in both turnover and profit in the first half of 2012, and a record dividend for our shareholders. In the UK, following the very significant growth in 2010 and 2011, we continue to slow our rate of growth to a more modest level, which we believe is a sensible response to the increased competition in the market. "I am particularly proud that Admiral was placed first in the recent Great Place to Work list for the UK and fourth in Europe, which is gratifying as the awards are based on what our employees themselves think about working for Admiral. Everyone here works incredibly hard to provide excellent customer service and make Admiral the success it is, and I'd like to thank all of the team in the UK, Spain, Italy, USA, France, Canada and India for what they have achieved. "All in all, I am pleased with our performance in the first half of 2012 and we are on track to meet our 2012 expectations." Comment from Alastair Lyons, Chairman "With a further advance in first half profits we are delighted once again to be able to declare an increase in our interim dividend, now at 45.1 pence per ordinary share. This represents 95% of after-tax earnings for the first six months of 2012, testament to the strength of Admiral's capital-efficient, cash-generative business model." Interim dividend The interim dividend of 45.1 pence per share will be paid on 12 October 2012. The ex-dividend date is 12 September 2012 and the record date is 14 September 2012. The dividend consists of a normal dividend of 21.3 pence per share and a special dividend of 23.8 pence per share.

Admiral Group plc Results for the Six Months En... 30 August 2012 Admiral announces another record half-year profit and continued growth. Profit before tax at £171.8 million was 7% ahead of H1 2011, while turnover rose 6% to £1.17 billion. The Board is declaring a record interim dividend payment of 45.1 pence per share. H1 2012 Highlights Group profit before tax up 7% at £171.8 million (H1 2011: £160.6 million) Earnings per share up 9% at 47.3 pence (H1 2011: 43.3 pence) Interim dividend up 15% at 45.1 pence per share (2011 interim: 39.1 pence) Group turnover* up 6% at £1.17 billion (H1 2011: £1.10 billion) Group vehicle count up 11% to 3.50 million from 3.15 million at 30 June 2011 6,500 employees receive £1,500 of shares each in the Employee Share Scheme based on the H1 2012 result