Member Info for mulledwine

Prospects ............. We continue to expect a good second half year for our Hospitality business despite lower levels of new installations when compared to the significant contracts secured in the Middle East in 2011. We expect our growth to come from our core business and returns on investments made earlier in the year. We have confidence our Retail turnaround strategy is working and that the improvement it will be sustainable.

On prospects Jonathan Sparey, Chairman said: "Churchill China has delivered a healthy set of results in the first half of 2012 despite anaemic economic conditions in all of its major geographical markets. We do not anticipate any improvement in these macro-economic conditions in the second half but are confident of continued measured progress based on the robustness of our business model."

INTERIM RESULTS For the six months ended 30 June 2012 Churchill China plc (AIM: CHH), the manufacturer and global distributor of ceramic and related products to hospitality and retail markets is pleased to announce its interim results for the six months ended 30 June 2012. Key Points: · Group revenue for the six months to 30 June 2012 was £19.2m (2011: £19.2m). · Profit before tax up 22% at £0.8m (2011: £0.7m) · Basic earnings per share up 25% to 5.9p (2011: 4.7p) · Cash balances of £4.3m (30 June 2011: £4.0m) · Maintained interim dividend of 4.8p (2011: 4.8p) · Strong performance in UK Hospitality with sales up 8% to £13.9m (2011: £12.9m) · Operating profit in Retail business doubled to £0.4m (2011: £0.2m) · New website: www.churchill1795.com

http://www.investegate.co.uk/Article.aspx?id=201208300700060455L

Alan Foy, CEO of SMS, commented: "We are very pleased that DONG Energy Sales Limited has decided to adopt the ADM™ solution as part of this contract. The signing of this contract is another step towards our stated aim of becoming market leader in the independent ownership of I&C meters and establishing the ADM™ as the industry standard smart metering solution for I&C clients.

SMS signs contract with DONG Energy Sales Limited for meter exchanges and ADM™ roll out The Board of Smart Metering Systems plc (AIM: SMS.L), is delighted to announce that SMS has signed a new contract with DONG Energy Sales Limited (formerly Shell Gas Direct), a UK subsidiary of DONG Energy . This contract includes the provision of SMS's advanced automated meter reading solution, ADM™, for DONG Energy Sales Limited's industrial and commercial (I & C ) customers. The contract covers gas meters to be exchanged for new pulse enabled meters installed at the premises of DONG Energy Sales Limited's customers, in addition to installation of the ADM™ solution. Initial run rates are currently being established and once installed the meters will be included in SMS's long term index linked contracts.

http://www.investegate.co.uk/Article.aspx?id=201208300700070475L

Roger Withers, Non-executive Chairman, said: "It has been an exciting six months for the Company and I am delighted to report that Playtech continues to deliver impressive results. I am particularly pleased that the Company completed its move to the main market in early July. "Playtech's multi-channel approach strengthens its market leading position, allowing it to maximise the potential for growth in newly-regulating markets in addition to enhancing existing relationships with traditional operators. In the first half of the year we recognised the growing importance of the social gaming sector and positioned ourselves to penetrate the market through innovative software licensing arrangements. "Despite the uncertainty surrounding the future of European and US regulation, the Company is ideally positioned to take advantage of changes in the online gaming market through further expansion of its joint ventures and organic growth strategy. "Playtech is the supplier of choice for technology and services for the worldwide online gaming industry and we look forward with confidence to building on our positive momentum."

Current trading and outlook Playtech has made a strong start to Q3, a traditionally quieter period. Daily average revenues are up over 25% versus the comparable period and up over 20% on a like-for-like basis, in line with Q2 12. The Directors look forward to the full year outcome with confidence, but are mindful of the impact of the regulatory changes in the Spanish market and the increased costs associated with various software development initiatives, including mobile and social gaming.

Operational highlights § Playtech completed its move to a premium listing on the main market of the London Stock Exchange § Outperformance by PTTS, meeting the criteria for an accelerated payment of the contingent consideration of €140 million § Significant joint ventures in anticipation of regulatory changes, agreed with both Gauselmann, the owner of Germany's leading gaming brand, Merkur, and Peermont, a leading South African gaming operator § Playtech acquired software developer Geneity in January to enhance the Group's sportsbook capabilities. Integration continues to progress as planned § Playtech licensees launched in the newly regulated Spanish market, with further licensees looking to launch in September § Gala Coral progressing well, with the successful launch of Gala Casino and Gala Bingo sites § Penetration into Mexico through the signing of a software licensing agreement with Grupo Caliente, the largest local land-based gaming operator § Mobenga performing ahead of expectations with additional licensees launched § Paddy Power launched nine casino games in an integrated mobile solution

Interim results for the six months ended 30 June 2012 Playtech, (LSE: PTEC) the international designer, developer and licensor of software and services for the online, mobile and land-based gaming industry, today announces its unaudited interim results for the six months ended 30 June 2012. Financial highlights § Gross income* up by 86% to €176.5 million (H1/2011: €95.0 million) § Total revenues up by 101% to €153.8 million (H1/2011: €76.3 million) § Adjusted EBITDA** up 64% to €91.2 million (H1/2011: €55.8 million) § Adjusted net profit** up 67% to €84.5 million (H1/2011: €50.7 million), with reported post tax profits of €26.2 million (H1/2011: €37.9 million) § Adjusted EPS** for the six month period rose 40% to 29.2 € cents (H1/2011: 20.9 € cents) § Interim dividend of 7.8 € cents per share (H1/2011: nil) § Continued high cash conversion of 88% from Adjusted EBITDA (H1/2011: 81%). § Cash balances at 30 June 2012 of €139.3 million (H1/2011: €64.3 million)

http://www.investegate.co.uk/Article.aspx?id=201208300700100510L

wobbly - good morning - no I am presently out - I took a 16% profit during the summer - could have got a lot more but jumped too soon - been too greedy of late and lost a good percentage of some decent rises elsewhere so I was trying to make and run here . I will be back though.

Commenting on the results, James Menzies, Chief Executive, said: "We are pleased with progress made in the first half of 2012 and are looking forward to a lively operational period over the remainder of the year which will include drilling in all three of our core areas. Whilst the spotlight will be firmly on the exploration drilling over the next 12 months, we also expect to deliver production growth and cost reductions through 2013 and 2014. Overall the Group is now well positioned to offer shareholders exposure to a balanced, and potentially transformational, work programme."

OUTLOOK · Full year 2012 average daily production forecast 10,500-11,500 boepd · Development drilling in Greater Bualuang and Greater Kerendan during 2H 2012 to drive future production growth · Commencing exploration drilling in Greater Bualuang and North Kutei in 2H 2012 · 1H 2013 exploration drilling in all core areas, Greater Bualuang, Greater Kerendan, North Kutei

Half Year Financial Results For the six months ended 30 June 2012 Salamander Energy announces its half year results for the six months ended 30 June 2012. HIGHLIGHTS FINANCIAL · Revenue of $179.4 million (1H 2011: $ 187.7 million) · Pre-tax operating cashflow1 of $97.7 million (1H 2011: $137.0 million) · Pre-tax profit of $15.9 million (1H 2011: $62.4 million) · Successfully completed $212 million (gross) rights issue to accelerate exploration drilling and invest in facilities to reduce costs on main producing asset · Net debt as at 30 June of $82.5 million (FY 2011: $210.1 million) with cash and funds of $206.0 million (FY 2011: $85.8 million)

http://www.investegate.co.uk/Article.aspx?id=201208300700070465L

Singer Capital upgraded its stance on Advanced Medical Solutions (AMS) from "fair value" to "buy" with an increased target price of 82p, from 80p. The broker said that the shares have been impacted by a number of short-term factors such as the weakness of the Euro and delays in orders for its LiquiBand product. However, Singer believes that the successful integration of Resorba would offer significant growth potential for the wound care technology developer, but noted that effects will not be seen until next year. On the broker's forecasts the shares trade on a prospective earnings multiple of 13.3 times for 2012, falling to 11.5 times in 2013

Valuation: Bottom fishing Our updated ELR valuation, which is based on the CRM DCF and the adjusted Kennedy’s Vale book value, is 23p/share, an 84% upside from the current share price of 13p. While the sector seems to be trading at what looks to be trough multiples, we believe that poor supply-side discipline, cost pressures as well as spreading social unrest continue to weigh on valuations. As well as resolving the recently-escalated labour tensions, to which Eastplats was not immune, the sector needs to respond to the current weak fundamentals by radical production cuts. The latter could drive PGM pricing and equities higher

http://www.edisoninvestmentresearch.co.uk/researchreports/Eastplats290812update.pdf