Member Info for mulledwine

http://www.investegate.co.uk/Article.aspx?id=201208220700105064K

Looks like the pattern is playing itself out again - 481 as I type

Outlook Despite difficult market conditions, the Group has managed to grow its retail revenue streams and maintain total revenue at the same level as last year. We have continued to invest in our trading platforms ensuring we have a stable and scalable trading environment on which we can deliver future growth. The addition of a number of new partners as well as new sales initiatives we are currently implementing should ensure we deliver strong revenue growth in future years.

Commenting on the results, Simon Denham, Chief Executive, said: "The business operated against a backdrop of difficult market conditions in the first half of the year. Notwithstanding a lack of market volatility, our core spread betting and CFD business has performed well and, in line with our growth strategy, we have signed a number of significant new White Label partnerships and continue to see growth opportunities in this market. We believe that our settlement strategy in relation to the outstanding FOS claims will reach a satisfactory resolution. We remain very well capitalised, with a strong cash position, and are encouraged by the medium-term prospects for the Group."

Operational Highlights: · Robust UK financial spread betting and CFD performance § Net revenue per active client up 20% on H1'11 to £970 (H2'11: £807) § Divisional revenue up 12% to £12.8m § Client acquisition up 11% on H2'11 and 4% on H1'11 § Six new White Label clients gained, including Selftrade, Victor Chandler and Goodbody Stockbrokers · Institutional FX § Consistent divisional revenue of £4.35 million (H1'11: £4.41 million) § 26% decrease in operating profit due to margin pressure from competitive environment

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2012 London Capital Group Holdings plc, a leading online financial services company, announces interim results for the six months ended 30 June 2012. Financial Highlights: · Revenue stable at £18.41 million (H1'11: £18.34 million) · Adjusted profit before tax* £2.05 million (H1'11: £3.01 million), reflecting lack of market volatility · Profit before tax of £0.15 million (H1'11: £2.69million) following recognition of additional provision for FOS claims of £1.9m · Company pursuing a settlement strategy with respect to outstanding FOS claims · Net cash and short term receivables up £3.06 million to £25.54 million (H1'11: £22.48 million) · Interim dividend 1.3p (H1'11: 1.3p)

http://www.investegate.co.uk/Article.aspx?id=201208220746205269K

They are trying hard but it sounds tough going

Trading Statement Straight Plc (AIM: STT), the environmental products and services group is today providing an update on trading ahead of its interim results announcement on Thursday 27 September 2012. Group sales increased in the first half of 2012 by approximately 11% to £16.7m (2011: £15.0m). This increase in sales was assisted by strong performance from the garden and hardware sector. The Group is now trading profitably and further cost reductions and product innovations are expected to improve this position as the year progresses. Net debt at the end of June stood at £3.2m, a reduction from £4.1m at the end of December 2011. The Group made significant further reductions in its cost base at the end of the second quarter of 2012 and during July in order to align the manufacturing capability of the factory it acquired in 2010 with core sales demand. The benefit of these actions, which included a number of redundancies, will only come through in the second half of the year. On this basis, whilst the Group has returned to underlying profitability in recent months, the Board believes that full year results are likely to be below current market expectations.

http://www.investegate.co.uk/Article.aspx?id=201208220930025438K

Panmure Gordon maintained its "buy" stance on ASOS (ASC) with an increased target price of 2,179p, from 1,985p. UK online clothing sales rose by 15% year-on-year in July and the broker forecasts this to have had a strong impact on the fashion retailer's performance, as 35% of its revenues come from the UK. Panmure noted that the group's shares have risen 48.5% year-to-date, outperforming the FTSE 350 general retail index's growth of 22.2%. The broker expects this trend to continue, driven by the firm's international expansion

Valuation: Conservative fair value of c 120p We are conservative in our forecasts assumptions and in our valuation methods. With these cushions built in, we still see a fair value c 120p. Delivery from existing markets continues to surpass expectations and if the new markets come close to the success of existing markets, there is considerable upside well beyond our forecasts and valuation.

http://www.edisoninvestmentresearch.co.uk/researchreports/MCB210812update.pdf

"We are pleased to finalize the acquisition of Extorre and through that acquisition, the ownership of its Cerro Moro project. Integration, exploration and development plans are already underway. As an initial step, we plan to spend $5 million at Cerro Morro over the next four months to upgrade and increase mineral resources, with a focus on certainty in the definition of grade and size of the ore body," commented Peter Marrone, Chairman and CEO. "We will be evaluating a plan for a 2015 start-up that targets a production level at or above 200,000 ounces of gold equivalent(1) per year. This would represent an increase in production of more than 10% and additional growth in cash flow and earnings. By the end of the year, we expect to have a definitive plan for exploration and development to achieve our target. We believe this asset will deliver significant value to Yamana's shareholders." With the completion of the acquisition, Yamana adds several exploration and development stage precious metals projects, the most advanced of which is Cerro Moro, a high grade, gold silver deposit with approximately 1.36 million GEO indicated mineral resources and 1.05 million GEO inferred mineral resources(2), located in the province of Santa Cruz, Argentina.

Yamana Gold Completes Acquisition of Extorre Gold TORONTO, ONTARIO--(Marketwire - Aug. 22, 2012) - YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY)(LSE:YAU) ("Yamana" or "the Company") today announced the completion of the Company's previously announced agreement to acquire all issued and outstanding shares of Extorre Gold Mines Limited ("Extorre"). Shareholders of Extorre voted overwhelmingly in favour of the transaction at the special meeting of shareholders held on August 15, 2012 and Extorre received final court approval on August 21, 2012. For further detail on the transaction, see the Company's press release dated June 18, 2012.

http://www.investegate.co.uk/Article.aspx?id=20120822110030M6964

And the recovery continues here - I got out toooooo soon.

OUTLOOK We are maintaining our existing guidance of TGT gross production for the remainder of the year being approximately 55,000 BOPD but would note that field production rates will vary from day to day depending on ongoing operations (both drilling and well intervention activities) as well as facilities uptime. Even with the acquisitions of various interests and the expectation of adding one or more new projects later this year, all which will be funded from current cash balances, the advent of full production from TGT has transformed, and will continue to transform, the Company. The priority remains to increase shareholder value. We will continue to examine all avenues of achieving this goal including building the portfolio, buying back shares in the market or distributing excess cash to shareholders.

Operational Highlights · Net working interest production for 1H12 increased 521% compared with 1H11, averaging 12,197 barrels of oil equivalent per day net ("BOEPD"); entitlements production of 13,682 BOEPD · The Te Giac Trang H4 Wellhead Platform commenced production a month ahead of schedule in July 2012, increasing field production to average approximately 50,000 barrels of oil per day ("BOPD") since start up; peak production of over 60,500 BOPD to date as the FPSO capacity limits are gradually tested · During the period, the Company purchased 7.5 million ordinary shares into treasury at a cost of $32.6 million (£2.76 average) and redeemed $0.9 million convertible bonds · In July 2012, the Company announced and completed the acquisition of the outstanding 20% non-controlling interest in SOCO Vietnam Ltd for cash consideration of $95 million

HALF YEAR RESULTS SOCO International plc, an international oil and gas exploration and production company with interests in Vietnam, Congo (Brazzaville), the Democratic Republic of Congo (Kinshasa) and Angola, today announces its Half Year Results for the period ended 30 June 2012. Financial Highlights · Net cash of $178.0 million (31 December 2011: $113.5 million) · Record revenues of $263.2 million (31 December 2011: $234.2 million) · Operating profit increased 29% over full year 2011 ($156.9 million) to $203.3 million