Member Info for mulledwine

Valuation: Value rating, estimates unchanged BPI has comfortably outperformed the market in the last quarter though the P/E ratio remains a very modest 6.6x for the current year. An EBITDA multiple of 4.1x (adjusting for pensions cash) confirms the value rating picture. Current market headwinds are reflected in the flat FY12 earnings profile and we have made no estimate changes. More broadly based sector progress and/or sustained lower polymer prices may be required to get earnings moving ahead more rapidly. Low multiples and a reasonable yield (of 3.8%, 4x covered by earnings) offer a decent entry point ahead of this

http://www.edisoninvestmentresearch.co.uk/researchreports/BPI040712update.pdf

Valuation: Fair value 430p per share We have revised our model to reflect new guidance and indicate a valuation of £1,407m (430p/share). Although the share price is approaching the fair value, we contend that BTG offers an attractive proposition, whose value is largely supported by the DCF value of its core business activities valued on a conservative basis, with nearterm catalysts related to partnered R&D programmes.

http://www.edisoninvestmentresearch.co.uk/researchreports/BTG030712outlook.pdf

The Company was further informed that Geoffrey White, an Executive Director of the Company, had today purchased 250,000 ordinary shares at a price of 3.8 pence per share. Following this Mr White holds an interest in 250,000 ordinary shares in the Company representing approximately 0.019% of the Company's issued share capital.

DIRECTORS' DEALINGS Rubicon (AIM:RUBI) announces that it was today informed that David Lenigas, Chairman of the Company, had today purchased 200,000 ordinary shares at a price of 3.9 pence per share. Following this Mr Lenigas holds an interest in 200,000 ordinary shares in the Company representing approximately 0.015% of the Company's issued share capital.

http://brokermandaniel.com/2012/07/04/madagascar-oil-massive-oil-play/

In the wars today - down 8.5% at 209

COMPLETION OF ACQUISITION OF MAKRO UK Further to the announcement made on 2 July 2012 that the resolution to approve the acquisition of Makro UK was duly passed at the General Meeting held on 2 July 2012, the Board of Booker is pleased to announce that it has today completed the acquisition of Makro UK.

http://www.investegate.co.uk/Article.aspx?id=201207040818088754G

Commenting on the acquisition, Michael Roney, Chief Executive of Bunzl, said: "The acquisition of Distrimondo extends our operations in Switzerland which is a key market that we entered in 2010 with the purchase of Weita. The business has a strong customer base and a leading position in the sectors in which it competes. We are pleased to welcome their employees to Bunzl."

BUNZL EXPANDS IN SWITZERLAND Bunzl plc, the international distribution and outsourcing Group, today announces that it has acquired MMH Holding AG and its subsidiaries from Markus Meier, Daniel Meier and Reto Hofmann. The business, which trades under the name Distrimondo, is based near Zurich and is principally engaged in the distribution of foodservice disposables and cleaning and hygiene products throughout Switzerland. Revenue in the year ended 31 December 2011 was CHF17.3 million and the gross assets acquired are estimated to be CHF16 million.

http://www.investegate.co.uk/Article.aspx?id=201207040822038822G

Sean Finlay, Aurum's Chairman, commented "These initial assay results from Peralonso are very encouraging and have certainly exceeded our expectations. They demonstrate the highly prospective nature of the permit area and further drilling on the site is clearly merited. We look forward to commencing further drilling on the Peralonso prospect in the near future. Aurum's joint venture with Ormonde continues to make significant progress, and these drilling results from Peralonso, when viewed alongside the successful drilling campiagn on the El Facho structure, highlight that we have an exciting gold portfolio in north west Spain."

mystic - yes you did !

Virgin Media has accused the Competition Commission of “irrational” behaviour after it scrapped plans to curb BSkyB’s stranglehold on buying movie rights. The regulator ruled in August last year that BSkyB’s dominant market position allowed it to inflate the price of its Sky Movies service, costing consumers up to £60m, and that tighter controls needed to be put on the operator. However, the Commission subsequently claimed that the arrival of online movie rental services such as Netflix and Amazon’s LoveFilm had “materially” changed the competitive landscape, and there was no longer any need extra regulation. The shift in position marked a major victory for BSkyB, whose pay-TV business is built on the rights to premium content, but it has riled competitors who have let rip at the regulator, The Telegraph says.

Duncan Soukup, Chairman, said: "I am happy to report that the client has extended thanks to the WGP team for their professionalism in acquiring the data which will assist with the continued operations on the Valhall Field. I am particularly pleased that the company's work is seen as key to enhancing the life of the Valhall field and look forward to the sixteenth LoFS in 2013."

Valhall Contract Update Successful Completion of Life of Field Seismic Survey Thalassa is pleased to announce that WGP Group Ltd ("WGP") has completed the fifteenth Life of Field Seismic ("LoFS") survey over the Valhall field in the North Sea for BP. This is the fourth LoFS at Valhall to be carried out using the Group's Portable Modular Source System ("PMSS™"). As per previous surveys, the PMSS™ was mobilised on the M/V Stril Myster, a field platform supply vessel that is converted into a seismic source vessel for the duration of the project. In total the full data set of 2,552km of data was acquired in 6 weeks, including time for mobilisation and demobilisation, during what was a particularly busy period of field activity in and adjacent to the Valhall producing area.

http://www.investegate.co.uk/Article.aspx?id=201207040700078430G

Kerr Anderson, Ormonde's Managing Director, said: "The first holes to be drilled in this new area have confirmed the presence of multiple zones of gold mineralisation at shallow depths, including some very high grade intervals. This is an extremely positive start to the drilling campaign and further holes are now being planned by the Joint Venture."