Member Info for mulledwine

http://www.investegate.co.uk/Article.aspx?id=201208020700080961J

Operational & Financing Update Music Festivals plc (AIM: MFP), a company which owns, develops and produces music festivals, announces an operational and financing update. The Group's two main festivals were held in July 2012 and as set out in the announcement dated 3 July 2012, tickets sales at that date led the Directors to believe that the Group's financial results for the year ending 31 December 2012 would be significantly lower than market expectations. The Group was particularly impacted by weaker than expected ticket sales at Hop Farm Music Festival which was loss-making. The Benicassim festival continued to be profitable but at a much lower level than 2011. As a result, the Group currently expects to report a material loss for the year ending 31 December 2012 and is exploring ways of raising additional working capital.

http://www.investegate.co.uk/Article.aspx?id=201208021302141805J

Canaccord Genuity maintained its "buy" rating for Antofagasta (ANTO) with an increased target price of 1,495p, up 15p. The Chile focused miner impressed the broker with second quarter production costs of 99 cents (63.7p) per pound of copper against an expected 105 cents (67.6p). However, with production coming slightly lower that anticipated, Canaccord reduced its full year copper production target to around 703 thousand tonnes. The broker noted that the shares trade on a prospective EV/EBITDA multiple of 4.5 times, towards the lower end of its historic 2 to 9 range. The shares tumbled by 52p to 1,046p.

Daniel Stewart retained its "buy" stance for CML Microsystems (CML) with a 351p target price. The broker said that the microchip manufacturer achieved stable gross margins and costs, while improving its net cash position in the first quarter of its financial year. Daniel Stewart also noted that flash solid state storage accounted for 46% of total revenues in the previous financial year and believes that the start of shipments of the firm's SATA-based solid state technology will help drive growth in the new year. On the broker's forecasts, the shares trade on a prospective earnings multiple of 12.3 times for the year ending March 2013, falling to 10.1 times in 2014. Shares in CML were unchanged at 302.5p.

Scottish Oriental Smaller Companies Trust Sell 26-Jul-12 £47,310.00 Alexandra Mackesy 7,600 @ 622.50p

F&C Asset Management Buy 01-Aug-12 £87,000.00 Edward Bramson 100,000 @ 87.00p

Meat Processing Division Sales volumes decreased by 11% to 62,105 tonnes from 70,097 tonnes for the first half of 2011. The decrease was predominantly due to the closure of an inefficient slaughtering facility in southern Russia. Prices in dollar terms increased by 5 % from $4.47 per kg in the first half of 2011 to $4.70 per kg in the first half of 2012 (excluding VAT)*. Compared to the first quarter of 2012, the price in the second quarter decreased by 2% from $4.75 to $4.66 per kg, due to rouble weakening. Prices in rouble terms increased by 13% from 127.98 RUR/kg in the first half of 2011 to 144.11 RUR/kg in the first half of 2012 (excluding VAT). Compared to the price in the first quarter of 143.82 RUR/kg, the price in the second quarter of 2012 was almost flat.

TRADING UPDATE FOR THE FIRST HALF 2012 Moscow, Russia - August 2, 2012 - Cherkizovo Group OJSC (LSE: CHE), Russia's leading integrated and diversified meat producer, today issues a trading update for the first half of 2012. Poultry Division Sales volumes in the Poultry division in the first half of 2012 increased by a robust 34% to approximately 158,345 tonnes of sellable weight compared to approximately 117,990 tonnes for the first half of 2011. Prices for poultry sales in dollar terms decreased by 4% from $2.51 per kg in the first half of 2011 to $2.40 per kg in the first half of 2012 (excluding VAT)*, due to rouble weakening. Compared to the first quarter of 2012, the price in the second quarter was flat. Prices in rouble terms increased by 3% from 71.79 RUR/kg in the first half of 2012 to 73.61 RUR/kg in the first half of 2012 (excluding VAT). Compared to the first quarter of 2012, the price in the second quarter increased by 3% from 72.50 to 74.67 RUR/kg. Pork Division Sales volumes in the Pork division in the first half of 2012 increased by 14 % to 46,764 tonnes of live weight, compared to 41,070 tonnes in the first half of 2011. In dollar terms, prices for pork sales decreased by 2% from $2.70 per kg of live weight in the first half of 2011 to $ 2.65 per kg of live weight in the first half of 2012 (excluding VAT)*, due to rouble weakening. Compared to the first quarter of 2012, the price in the second quarter was almost flat. Prices in rouble terms increased by 5% from 77.41 RUR/kg in the first half of 2011 to 81.32 RUR/kg in the first half of 2012 (excluding VAT). Compared to the price in the first quarter of 2012 of 80.53 RUR/kg, the price in the second quarter increased by 2% to 82.06 RUR/kg.

http://www.investegate.co.uk/Article.aspx?id=201208020700101080J

CML Microsystems Buy 02-Aug-12 £15,899.20 Ronald J Shashoua 5,230 @ 304.00p CML Microsystems Buy 01-Aug-12 £14,500.00 Ronald J Shashoua 5,000 @ 290.00p

CML Microsystems Sell 02-Aug-12 £174,420.00 Nigel G Clark 58,140 @ 300.00p

Rathbone Brothers Sell 02-Aug-12 £64,500.00 Richard Loader 5,000 @ 1,290.00p

Possible Worldwide acquires majority stake in digital marketing services agency, Fortune Cookie WPP announces that its global operating network Possible Worldwide, the interactive marketing agency, has acquired a majority stake in Fortune Cookie (UK) Limited ("Fortune Cookie"), a full service digital marketing services agency. The agency specialises in providing design and build, mobile and tablet apps and site development, online marketing services and digital strategy. Fortune Cookie will combine its business with that of Possible Worldwide Limited in the UK to provide an enhanced service offering to its global clients. Founded in 1997 by Justin Cooke, the current Chair of the British Interactive Media Association (BIMA), Fortune Cookie is headquartered in London with operations in Poland, the Netherlands, US and Australia. The agency employs over 190 people and clients include Canon, AEGON, NetJets, BP and Legal & General. Fortune Cookie's consolidated revenues for the year ended 31 August 2011 were approximately £9.4 million with gross assets as at the same date of approximately £2.8 million. This investment continues WPP's strategy of developing its services in fast-growing and important markets and sectors and strengthening its capabilities in digital media. WPP's digital revenues totalled US$4.8 billion in 2011, representing approximately 30% of the Group's total revenues of over US$16 billion. WPP has set a target of 35-40% of revenue to be derived from digital in the next five years.

http://www.investegate.co.uk/Article.aspx?id=201208020700101078J

Approval of a buyback of Shares, waiver of obligations under Rule 9 of the City Code and Notice of Annual General Meeting Tricorn, the AIM listed tube manipulation specialist, announces that it is today posting the 2012 Annual Report and Accounts to Shareholders, along with a Circular which, amongst other things, includes the Notice convening the Annual General Meeting of the Company, to be held at the offices of Westhouse Securities Limited, One Angel Court, London EC2R 7HJ, at 11.00 am on 4 September 2012. The Notice sets out the resolutions to be proposed at the Annual General Meeting. All documentation is available on the Company's website at www.tricorn.uk.com. Included in the resolutions to be proposed at the Annual General Meeting are the Whitewash Resolution and the Buy Back Resolution. The Buy Back Resolution seeks the approval of Shareholders for, inter alia, the authority for the Company to make purchases of its own Ordinary Shares up to a maximum number of 3,339,500, being 10 per cent. of the Company's existing issued share capital. The Whitewash Resolution seeks the approval of Independent Shareholders of a waiver by the Panel on Takeovers & Mergers of any requirement under Rule 9 of the City Code for Roger Allsop and any persons connected to him to make a general offer for the Company that would arise as a result of any share buy back that may be effected following the Buy Back Resolution being passed. Capitalised terms used in this announcement shall have the same meaning as ascribed in the Circular dated 31 July 2012 unless the context requires otherwise.

http://www.investegate.co.uk/Article.aspx?id=201208020700101061J

http://www.investegate.co.uk/Article.aspx?id=201208020700091030J

However if this drops to 20 or below I think I will be very tempted

I nearly bought this the other day but held off - kinda glad I did.