Member Info for mulledwine

http://www.investegate.co.uk/Article.aspx?id=201206290700134380G

Mark Allen, Chief Executive of Dairy Crest, said: "We are delighted to have agreed in principle the proposed disposal of St Hubert, at a price which reflects the excellent progress the business has made under our ownership. Over the coming months, with a strengthened balance sheet, we will be able to consider a wide range of opportunities including synergistic acquisitions in the UK. This will allow us to employ the same brand-building skills that have contributed to the strong growth of our UK brands and St Hubert's success. However, we will only do this within strict financial criteria and where an acquisition would add value for shareholders."

Overview Dairy Crest, the UK's leading dairy foods company, today announces that it has received a binding offer from Montagu Private Equity SAS regarding the proposed disposal of the entire issued share capital of St Hubert for a consideration of €430 million (£3441 million) payable in cash (the "Transaction"). Background to and reasons for the Transaction The Transaction follows Dairy Crest's announcement on 9 March 2012 of a strategic review of St Hubert. During the review a range of options were considered but as a result of substantial interest from a number of potential purchasers it was decided to pursue a divestment. St Hubert was purchased in January 2007 for €370 million (approximately £248 million). Since its acquisition Dairy Crest has increased the revenue and EBIT for St Hubert by 35% and 45%, respectively. St Hubert has been a successful part of the Dairy Crest group and has consistently increased its market share and profitability. However, Dairy Crest has been unable to make additional synergistic acquisitions in Continental Europe as it envisaged at the time of the acquisition and it believes that greater value may be generated for shareholders through the proposed disposal of St Hubert.

http://www.investegate.co.uk/Article.aspx?id=201206290700044583G

Dividing News Corporation into two companies will not result in a fresh bid for BSkyB because the company has “moved on”, Rupert Murdoch said yesterday. The News Corp chairman and chief executive said that he would be an “active chairman” of both companies, one focusing on entertainment and the other on publishing newspapers, books and educational material. But in an interview with The Times, Mr Murdoch said that he could not be chief executive of both companies because of “public perception”. Asked why he intended to be chairman and chief executive of the entertainment company but only chairman of the publishing company, he said: “There are only so many hours in the day. I will be a pretty active chairman, I’m sure. I think it would be difficult [for] public perception to name myself as chief executive of both companies. And we have very, very good people that I trust,” The Times reports.

Kirkland Lake Gold Inc. (the "Company") (TSX:KGI)(AIM:KGI) is pleased to announce that it has entered into an agreement with Dundee Securities Ltd. as lead agent on behalf of a syndicate of underwriters (the "Underwriters") under which the Underwriters have agreed to purchase, on a bought deal basis, 50,000 convertible unsecured subordinated debentures (the "Debentures") at a price per Debenture of $1,000 for total gross proceeds of $50,000,000 (the "Offering"). The Underwriters have been granted an option (the "Option") to purchase up to an additional 15% of the Offering, exercisable in whole or in part at any time up to 48 hours before the closing of the Offering, which is scheduled to occur on or about July 19, 2012 (the "Closing Date"). The Debentures will mature on June 30, 2017 (the "Maturity Date"), unless earlier redeemed, and will bear interest, accruing, calculated and payable semi-annually in arrears on June 30 and December 31 of each year, at a rate of 6.0%. The Debentures will be convertible at the holder's option into common shares ("Common Shares") of the Company at any time prior to the close of business on the earlier of the Maturity Date and the business day immediately preceding the date fixed for redemption of the Debentures at a conversion price of $15.00 per Common Share (the "Conversion Price"), being a ratio of 66.6667 Common Shares per $1,000 principal amount of Debentures. The Debentures will rank subordinate in right of payment of principal and interest to all present and future senior obligations of the Company and will rank pari-passu to all present and future unsecured indebtedness. The Debentures will be offered by way of private placement to accredited investors in all provinces of Canada and in the US to "qualified institutional buyers" as defined in Rule 144A, and such other jurisdictions as may be agreed upon by the Company and the Underwriters. The Company intends to use the net proceeds of the Offering for its expansion program of its mining operations in Kirkland Lake, Ontario and for general corporate purposes including working capital. The closing date of the Offering is expected to be on or about July 19, 2012. All securities issued will be subject to a statutory four month hold period. The Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States.

http://www.investegate.co.uk/Article.aspx?id=20120629070110M2184

Tempus also relates the “sad” tale of Pursuit Dynamics which has fallen 96% in the last 12 months. It makes products which make industrial processes more efficient. Unfortunately, it is struggling to sell the products, or get the licensing deal that many believed would make it millions of pounds. Tempus says avoid.

another share to watch and invest when world economics turn - much potential from current SP

Tempus in The Times Likes packaging firm DS Smith. Having bought Swedish outfit SCA Packaging or €1.6bn it is now the second largest player in Europe. It is also exiting the more cyclical paper-making business. The shares trade at around nine times earnings, given the SCA deal they look cheap says Tempus: buy.

In The Telegraph, Questor weighs up the odds on Ladbrokes, which issued a profit warning for its digital business yesterday, resulting in a 12 per cent drop in the share price. The problem is, it is taken an inordinately long time to get the new website up and running, while some big sporting events have also gone against bookmakers, leaving them with annoyingly large payouts. Despite the high street operation doing well, Questor believes your money should be on William Hill, Ladbrokes is a leave.

Good update - positive even in the current market conditions. This will turnaround when world economics does likewise. One to build on at these prices and unfortunately possibly lower before higher - although should be a blue day today.

Capital Drilling's Chief Executive Officer, Geoff Fardell, commented; "In the first half of the year we have made further progress in growing the business and have been awarded a number of significant contracts with major mining groups including Antofagasta, Barrick Gold and Kinross Gold. Despite the well catalogued softening of global market conditions in the mining sector, Capital Drilling is confident of delivering on its strategy of focusing on a quality client base, and operating one of the youngest rig fleets available in the market today".

First Half Results The Group intends to release its financial results for the period ended 30 June 2012 on 21 August 2012. The Group has made a significant investment in its fleet expansion having grown the fleet from 64 rigs at the time of the IPO in June 2010 to today's 90 rigs, an increase of over 40%. The recent growth along with active fleet management has resulted in one of youngest fleets in the industry with an average age of less than five years. The enlarged fleet, together with the successful execution of a number of contracts, has driven a strong increase in revenues during the first half of 2012 to approximately $77m, an increase of over 29% year-on-year. This represents another record period of revenue for the Group. As per the Interim Management Statement announced on 17 May 2012, despite the softer global demand environment for drilling services, the continued tight labour market, and a more conservative depreciation policy in the light of the rapid expansion of our fleet, revenues for the full year are expected to be in line with current market expectations. The Group remains on track to deliver on annual guidance due to the quality of its customer base and an active tendering market in many of its key emerging markets.

The Group has continued to invest in growth in 2012 and has added a further (net) five rigs to the fleet in the first half with one further underground rig due for delivery in the third quarter of 2012. Fleet growth rates remain consistent with the long term average for the Group of one rig per calendar month with supply secured for a further five rigs during the remainder of 2012. Delivery of rigs in the second half is scheduled for existing contracts with the majority expected to commence drilling in the fourth quarter. The Board is particularly encouraged by the contract wins in Chile as the Group's reputation for quality service develops. Capital Drilling now has eight rigs in the region and is hopeful of further expansion in the second half. The Board are also pleased to have secured our first underground drilling contract in Egypt, followed quickly by another underground drilling contract in Ghana, further adding to Capital Drilling's range of services.

Capital Drilling (CAPD:LN), the emerging and developing markets drilling company, will announce its half yearly results for the period ended 30 June 2012 on 21 August 2012. The Board is taking the opportunity to provide the market with an update of activity through the first half of 2012. Overview The Group has had a solid start to 2012 with strong sequential quarterly revenues. The enlarged fleet and higher average revenue per operating rig ("ARPOR") have contributed to a record revenue performance for the first half. For the six months ended 30 June 2012 the Group currently expects revenues of approximately US$77m, representing a 29% increase on the same period to 30 June 2011 (2011: US$59.5m). During the first half of the year the Group has successfully secured a number of contract wins, extensions and expansions, including: · Development drilling for Antofagasta in Chile · Development drilling for CMP in Chile · Underground drilling for Centamin in Egypt · Underground drilling for Kinross Gold in Ghana · Exploration drilling for Continental Nickel in Tanzania · Development drilling for Barrick Gold in Zambia

http://www.investegate.co.uk/Article.aspx?id=201206290701364593G

Good positive update

"Inspired is also pleased to announce two senior appointments, Andrew Stubbs and Nick Campbell. Andrew and Nick bring substantial industry knowledge and expertise and will provide significant benefit to the Inspired trading and risk management team. They are working to expand the range of service lines that Inspired offers its customers and increase the breadth of the revenue streams within the Group. Following their appointments, along with the accelerated growth in the analyst and field sales team, Inspired believes it has the team in place to deliver strong and sustainable growth over the short, medium and long term. "The acquisition of DEP which completed on 16 April 2012, is performing in line with management's expectations and the integration process is on track." Notice of interim results The Company expects to announce its unaudited half year results to 30 June 2012 on 28 August 2012.

AGM Statement and Trading Update Inspired Energy plc (AIM: INSE), a leading UK energy procurement consultant to UK corporates, will hold its Annual General Meeting today at 2pm. At the meeting Bob Holt, Chairman, will issue the following update on current trading. "During the first half of 2012, the Group has seen rapid growth in order book sales*, with the first five months of 2012's order book sales being 63% ahead of the same period in 2011**. This has seen Inspired's order book increase organically to £5.2 million, an increase of £1.1 million since admission at the end of November 2011. The increase in sales rate and, consequently, order book bodes well for future performance as the contracts begin to go live during H2 2012 and into 2013, providing an excellent financial platform for the Group. "The growth in order book sales has been driven by several factors. Inspired continues to grow its market presence within the industry and is seeing additional referred and introduced opportunities. In addition, the investment in the tele-marketing system has seen a marked increase in opportunities being turned into prospects and tenders. Finally, Inspired has accelerated the planned growth in the analyst and field sales team with the recruitment of several highly rated analysts from competitors such as Inenco and Ener-G who have already had a significant positive impact on sales throughout the period.