Member Info for mulledwine

Outlook We are making good progress in addressing the challenges in Germany and strengthening our contract take-on processes across the whole Group, in order to ensure that we do not miss the opportunity for Computacenter to grow its Services revenue and market share. The Board believes, following completion of these actions, we will be well placed to continue responding to these opportunities. Overall, the Group continues to trade in line with our expectations and the outlook for the full year to 31 December, remains consistent with our trading update on 14 June 2012. We will be announcing our interim results for the six months to 30 June 2012 on Friday, 31 August 2012.

Cash Position Net cash before customer specific financing (CSF) was £96.6 million, compared to £104.3 million on 30 June 2011. Net funds, including CSF was £79.3 million, compared to £80.9 million on 30 June 2011. During the last 12 months, we completed the acquisition of a majority stake in Damax and made significant capital investments, more specifically in equipping our new French warehousing facility, refurbishing our new property for our recycling business, RDC and expanding our Service Desk in Barcelona, at a total cost of approximately £7 million. We have additionally seen some increase in the working capital, resulting from general growth in our business.

Trading Update 17 July 2012 Computacenter plc ("Computacenter" or the "Group"), the independent provider of IT infrastructure services and solutions is today providing an update on trading based on unaudited financial information for the six months ended 30 June 2012, in advance of the announcement of its interim results on Friday, 31 August 2012. Group Group revenue for the first half increased by 4% on a reported basis and 8% in constant currency. These growth rates include acquisitions made during 2011, for which the impact was minimal. Group Services revenue increased by 12% on a reported basis and 15% in constant currency. Group Supply Chain revenue grew by 1% over this period on a reported basis and 4% in constant currency. Focussing on the second quarter, we saw an increase in our Group Service revenue of 16% in constant currency and a decline in Group Supply Chain revenue of 2% in constant currency. As we stated in our trading update on 14 June 2012, while we have been pleased with the growth in our Services revenue, the increase in new business has come with significant additional start-up costs that will adversely impact profit in 2012. However, the Board believes that this incremental cost, which remains in line with our statement of 14 June 2012, will help secure Computacenter's long term growth potential and enhance the quality of earnings.

http://www.investegate.co.uk/Article.aspx?id=201207170700037798H

Cobham plc company Thrane & Thrane Selected by Lockheed Martin for C-130J Communication Upgrades Cobham plc ('Cobham' or 'the Group') is pleased to announce that recently acquired company, Thrane & Thrane A/S, has been awarded the satellite communication component of an upgrade for a fleet of some 200 US Air Force C-130J Super Hercules in a deal expected to exceed DKK 150 million (~£15.9m). The upgrade will use the AVIATOR 700D product which can be tailored to suit any commercial or military airframe and mission profile. Further details of the award from Lockheed Martin (USA) are attached. Click on, or paste the following link into your web browser, to view the associated PDF document: http://www.rns-pdf.londonstockexchange.com/rns/7909H_1-2012-7-16.pdf

http://www.investegate.co.uk/Article.aspx?id=201207170700027909H

http://www.investegate.co.uk/Article.aspx?id=201207170700098095H

Peel Hunt has retained its 'hold' recommendation and 230p target price for wireless technology and computer chip group CSR after the company's disposal of its handset business to Samsung. "The company’s cost base will reduce by around $10m in 2013 compared to our forecasts, taking guidance at the mid-point. From 2014 onwards, handset revenues will clearly need to be replaced by sales from other divisions," said analyst Alex Jarvis.

Investec has downgraded its rating for drinks giant SABMiller from 'buy' to 'hold' after the recent outperformance in the shares. "SAB has been a strong performer in a UK consumer staples universe that has run hard over the last few months. Though we remain supporters of the medium-term growth narrative, we view this as an appropriate point to move to the side-lines," Investec said on Tuesday morning. Despite the downgrade, the broker has raised its target price from 2,680p to 2,720p.

Matt Bennett, Managing Director of Cellhire said; "We're delighted to be able to offer this great technology to our customer base. We think this will be incredibly useful for our customers especially during the busy summer we have ahead where traditional walkie-talkie frequencies are limited or unavailable." Jeremy Fenn, Chief Executive at Mobile Tornado said; "We are extremely pleased to announce our partnership with Cellhire. Cellhire is the market leader in mobile data rentals and high quality low cost airtime, focussed on major global events. Enterprises throughout the world are demanding ever-increasing efficiencies from their workforce and our Instant Communication applications provides a more effective way to communicate, with greater flexibility and functionality than the traditional radio, mobile or PDA. We look forward to working with them to deliver our suite of Instant Communication applications to their blue chip customer base."

Strategic Partnership Cellhire and Mobile Tornado form a new partnership to deliver instant communications solutions Mobile Tornado Group plc is pleased to announce a partnership agreement with Cellhire plc ("Cellhire"), a global service provider specialising in the delivery of short term communication solutions for major global events. Mobile Tornado's Instant Communication platform allows the establishment of half-duplex voice links, allowing one-to-one or one-to-many communication. The partnership with Cellhire makes this technology available as a fully serviced rental solution for major events and large-scale corporate use.

http://www.investegate.co.uk/Article.aspx?id=201207170700117913H

Highland Gold Mining Ltd. Buy 13-Jul-12 £2,241,573.45 Eugene Shvidler 2,037,794 @ 110.00p

NCC Group Sell 12-Jul-12 £340,200.02 Robert F C Cotton 42,000 @ 810.00p

The rather odd company, John Menzies, also fails to inspire much enthusiasm from Tempus. It distributes newspapers and magazines and, er, also has an air cargo business. Not natural bedfellows, but not a disaster either. The distribution business brings in the cash to support air cargo, which in itself is a growth area, although currently going through a difficult patch on account of the global economy. The shares are trading at just 8 times forward earnings but Tempus doesn’t think they’re worth a buy, just a hold.

Tempus in The Times is cautious about tech recruitment specialist SThree. It is doing better than its peers, Michael Page and Hays, but the banking sector is very weak, falling to just 5% as a proportion of income, compared to 13% in the prior year. There’s no doubt SThree has some things to recommend it, not least an impressive history of paying decent dividends but it currently trades at 22 times earnings, Tempus doesn’t think there’s much further the stock can go. Leave.

Questor in the Telegraph takes a timely look at security firm G4S. You may have heard it mentioned recently. The issue for the firm post-Olympic debacle is reputational says Questor. Can G4S continue to win public sector work with the baggage of having ballsed up one of its highest profile contracts? The column is not so sure. The shares trade at 10.6 times earnings with the yield at 3.6%, in other words, superficially the stock looks cheap. But life is about to get very tough indeed for the firm on the sales front so Questor says hold for now.

Nice update for the full year prospects although no doubt the Market will concentrate on the 2nd half lower figures.

PRESS ANNOUNCEMENT 17 July 2012 Somero Enterprises, Inc® Trading Update Somero Enterprises, Inc (the "Company") is pleased to announce that the strong trading experienced by the Company in the first quarter of 2012 has continued into the second quarter. Revenues for H1 2012 are now expected to be some 50% ahead of those reported in H1 2011. As a result of this increased sales volume, EBITDA achieved in H1 2012 is expected to be slightly ahead of the market's forecasts for the Group's entire full year performance. North America showed strong growth in the first half, benefitting from mild weather conditions and a benign economic environment. Performance during this period from the Chinese business was also strong, reflecting the investment made by the Company in the region. Sales from the Company's new product the S-840 and the SXPD large line machines were significantly higher than in the same period last year. Whilst the Company still anticipates strong trading from these regions/products, it is likely that respective rates of growth are slower in the second half of the year consistent with previous years. With healthy demand continuing, the Company is implementing plans to add some costs in new product development, training, marketing and sales initiatives to take full advantage of a stronger sales environment. This is intended to put Somero in the best position to deliver growth in the medium and longer term, as well as to sustain the shorter term recovery that is evident in 2012. At this stage, the Board expects that the increased costs will lead to second half profitability being lower than the first half, albeit that the outturn for the full year is still expected to be substantially ahead of current forecasts for 2012.

http://www.investegate.co.uk/Article.aspx?id=201207170700108099H