Member Info for mulledwine

http://www.investegate.co.uk/Article.aspx?id=201207030700057227G

Summary and outlook Anite reported strong results and made good progress in all three businesses in the year. In particular the LTE opportunity has added an additional layer to our expertise: we are now a leading force in two significant handset-testing sub-markets - 2G/3G and LTE. As a result, Handset Testing is in a better position to take advantage of larger markets than in the past and is capable of achieving double-digit revenue growth for the immediate future. Based on the opportunities available to each of our businesses, Anite is well placed to deliver sustainable organic growth and increased shareholder value.

must be one of the best charts around - one direction only

Very handsome figures - a new high coming today surely

Christopher Humphrey, Chief Executive, said: "This was an exceptional year for Anite in terms of financial results. At the same time, each of our businesses made significant operational progress. "The fundamental drivers for all of our businesses continue to be favourable. Each has good market positions, products and people to pursue multiple growth opportunities. "We have started the current year well, ahead of last year and we are well placed to deliver sustainable organic growth."

Final results for the year ended 30 April 2012 Anite plc ("Anite" or "the Company"), the leading provider of software solutions to the international wireless and leisure travel industries, today announces its final results for the year ended 30 April 2012. Financial highlights (adjusted) 1 · Order intake up 30% to £152.0m (2011: £116.6m) · Closing order book up 35% to £114.5m (2011: £84.9m) · Revenue up 31% to £122.5m (2011: £93.7m) · EBITDA up 54% to £34.2m (2011: £22.2m) · Operating profit up 64% to £28.8m (2011: £17.6m) · Operating margin of 24% (2011: 19%) · Profit before tax up 75% to £28.0m (2011: £16.0m) · Diluted earnings per share up 76% to 6.7p (2011: 3.8p) · Net cash of £16.9m (April 2011: £27.7m) after £21.6m swap liability settled in the year

http://www.investegate.co.uk/Article.aspx?id=201207030700067306G

Well that could have been better news

James Menzies, Chief Executive of Salamander, commented: "Whilst this result is disappointing in isolation, we remain extremely excited by the exploration potential in Greater Bualuang area. We now have the new 3D data in house from the G4/50 licence and the early indications have surpassed our initial expectations on entering the licence. We have started the tendering process to bring a rig to the area in 4Q 2012 to embark on an extensive exploration programme principally across the G4/50 licence."

Operational Update Salamander Energy plc provides an operational update on testing operations at the Far East prospect in its operated B8/38 licence, Gulf of Thailand. Further to the announcement on 26th June 2012, a barefoot DST was conducted over a zone of potential oil pay in the Ratburi carbonates. The test results are conclusive, analysis of produced fluids point to formation water being present in the tested section. The Far East-1 well will now be plugged and abandoned as a dry hole and the rig is being prepared for release. The Bualuang North West Terrace exploration well will now be drilled later in the year as part of the wider exploration programme across both the B8/38 and G4/50 licence areas.

http://www.investegate.co.uk/Article.aspx?id=201207030700057226G

Valuation: Growth prospects undervalued Our DCF valuation is 58p per share and we consider a 12.6x calendar 2012 P/E ratio to be fair, equivalent to 54p per share. The average of these is 56p. Our earnings estimates would benefit from any increase in interest rates

http://www.edisoninvestmentresearch.co.uk/researchreports/ParkGroup020712update.pdf

Correction PDF http://www.edisoninvestmentresearch.co.uk/researchreports/Molins020712Update.pdf

Valuation: Opportunity remains The prospective rating for Molins is still around half that of the leading UK-based international engineering groups. While size and the past trading record are reflected in the differential, there is significant appreciation potential if immediate ambitions in the Scientific Services division can be realised.

http://www.edisoninvestmentresearch.co.uk/researchreports/Molins020712Update.pdf

Panmure Gordon downgrades Halfords Group from buy to hold, target price cut from 315p to 220p.

Merchant Securities initiates buy on Braveheart Investment Group, target price 22p.

JP Morgan Cazenove downgrades Promothean from overweight to neutral, target price cut from 81p to 34p.

Writing in the Sunday Times, Tempus explains how Associated British Foods is one of his solid, defensive picks. Its food brands and its Primark clothing stores are at the cheap and cheerful end of the market, and he suspects the current bounce in the FTSE is not sustainable, and the market will fall again on further bad news from the Eurozone. If so, then he thinks defensive stocks such as ABF, Rolls-Royce and Vodafone should again outperform. Regarding the latter, he admits that Vodafone has trod water, despite the huge amount of cash the company shovels out in dividends. That, perhaps, as it has become embroiled in a dispute with the Indian authorities about tax. Still, you haven’t lost any money, and there are those dividends he comments.