Member Info for mulledwine

Grahame Gibson, the Chief Operating Officer and Regional head of G4S’s Americas division, has sold 100,000 shares in the international security solutions supplier. Gibson sold the shares for 280p per share on June 19th, making a total of £280,000 on the sale. The company was unavailable to comment on the reason for the transaction. He has been a long-running executive in the security industry for the last three decades, having joined Group 4 as Finance Director back in 1983.

Coverage Despite revenues falling by 29.1% to 7.77 million pounds in the year to December at Tinci Holdings (TNCI), the China focused environmental engineering saw its bottom line transform from a 96,000 pound loss to a 251,000 pound profit thanks to a firm control of operational costs. The fall in sales was attributable to ever increasing competition in the fleu gas desulfurisation market which made it more difficult to win meaningful contracts. Despite the group's end of 2011 order book more than halving to 4.57 million pounds the board plans on turning Tinci into a product-orientated company by developing processes involving the production of chemical products, utilising its close relationship with China Oil.

2012 Outlook for the year has shown clear signs of optimism with strong developments in the beginning of the year. The focus continues to remain in improving market share and client retention within the region. Cultivation of talent within the Group is always a key element of our business, as our business culture revolves around people and a discipline of quality results. 2012 will see our people flourish in their individual capacities. Merger and acquisitions opportunities for new lucrative business avenues which add value to the Group still remains on track. Several out-of-home advertising businesses and interactive advertising technologies are on the watch-list for the year. Following these plans, the Group plans to emerge as a significant out-of-home media player in Malaysia. The Board is confident that 2012 will be yet another successful year for RHM. We thank shareholders for their continued belief in the value and potential in the Group since its flotation in 2008.

A 33% rise in revenue to 5.9 million pounds and a 13% increase in pre-tax profits to 1.04 million pounds, during the year to December 2011, sent shares in Red Hot Media International (RHM) 2.5p higher to 36p. The firm benefited from its expanding market share in the advertising sector, which accounted for 97% of the group's revenue, and so a 22% decline in sales from its newly restructured financial services businesses only marginally offset growth. As a reward for investors' patience, the company will be issuing a maiden scrip dividend to shareholders of one new ordinary share for every ten shares held. In addition to this, the board will seek approval from shareholders for a additional 20% share special dividend.

Chairman's statement I am duly reporting the results for the Company and subsidiaries (together "the Group") for the year ended 31 December 2011. Revenue for the year totalled £ 1,044,472 (2010: £164,776) resulting in a profit from operations of £687,734 (2010: loss £56,797). The profit before and after taxation was £666,082 compared to the loss before and after taxation of £86,458 in 2010. The basic earnings per share was 0.14 pence (2010: loss 0.02 pence). Revenue increased significantly in 2011 compared with 2010 due to the receipt of fees from licensing of the electronic platform and all technology to SL Investment Management Limited, ("SL"), a 48.26 per cent. shareholder in the Company. The licensing arrangements with SL were set out in the Company's announcement of the contract on 12 November 2010. In summary the Company has licensed its electronic platform and all technology to SL and in consideration will receive a quarterly fee of £20,000 and in addition, SL has been granted exclusive rights to develop and modify the electronic platform for a quarterly fee of £230,000 ("the Licence Agreement"). The Licence Agreement is for a period of ten years; however, SL may terminate the agreement on 30 April of each year. On 2 April 2012 the Company announced that SL had informed the Company that the income generated during the 12 month period ending 30 April 2012 was unlikely to be £250,000 or more and, therefore, it may terminate the Licence Agreement in accordance with its terms. The Company agreed with SL that it would provide a 61 day extension to the termination notice period to allow SL to further assess the benefits of the Licence Agreement. A further announcement by the Company was issued on 31 May 2012 setting out that the agreement can now be terminated on 30 August by SL giving 30 day's prior written notice to the Company. As a result of these arrangements the directors consider it appropriate to prepare the financial statements on a going concern basis. The market demand for traded endowment policies still remains extremely depressed but the Company continues to work closely with market makers in anticipation of increasing demand for policies. In the meantime, the Directors are continuing to maintain strong controls over the Company's cost base and are also exploring additional opportunities to generate income Your Board is not proposing a dividend for the year under review

Shares in TEP Exchange Group (TEX) surged 0.025p to 0.10p on news the endowment policy market maker had achieved a eight-fold increase in sales to 1.04 million pounds in the year to December thanks to the receipt of licencing fees for its electric platform from SL Investment Management. As a result, TEP saw its 2010 pre-tax of 86,000 pounds transform in a profit of 687,000 pounds, although the firm will not propose a dividend due to the recent cancellation of the licencing contract. Thankfully for investors the next set of financial statement will be generated on a going concern basis.

New World Resources (NWR) reported that it won its case at the Enterprise Chamber of the Amsterdam court of Appeals to acquire the remaining A shares of its Dutch division New World Resources NV. All other shareholders will be forced to sell their stakes to the coal miner at a price of 3.96 euros (3.2 pounds) per share. The payment is expected to go through after the period for appeal has lapsed on 19th September 2012. The shares climbed by 7p to 329.1p.

Canaccord Genuity maintained its "buy" rating for Restaurant Group (RTN) with a 385p target price. The broker noted that the Frankie & Benny's owner continued to enjoy growth, with like-for-like sales up 4% in the first 19 weeks of the financial year and total sales 8% higher. Canaccord added that figures from airport owner BAA indicated a 1.7% increase in air passengers in the period from January to May, which the broker believes could help boost the firm's concession businesses. The shares grew by 3.3p to 297.3p.

Shore Capital kept its "sell" rating for Admiral Group (ADM) following the Office of Fair Trading's slating of the motor insurance industry - calling it "dysfunctional" and "inefficient" - and decision to refer it to the Competition Commission. The broker believes that this could lead to Admiral taking a substantial hit to its ancillary income, which accounts for 63% of its pre-tax profits, as it may be revealed that this includes revenues from morally questionable sources. The broker also noted that personal injury referral fees, worth 7 pounds per vehicle, are likely to be banned from April 2013, denting profits further. The shares advanced by 24p to 1,179p.

http://www.edisoninvestmentresearch.co.uk/researchreports/Avesco190612Outlook.pdf

............Valuation: Clearer growth strategy gives scope for re-rating This deal gives KBC a good foothold in the more buoyant upstream oil and gas segment and investors clarity on the growth strategy. Further acquisitions to enhance KBC’s technical and economic modelling capability are likely to be considered. We remain mindful of the need to replace the Pemex business as it drops away next year, but with clarity on this, we believe that appreciation to a double-digit 2013 P/E rating would be very justifiable, implying at least 20% share price upside.

http://www.edisoninvestmentresearch.co.uk/researchreports/KBC200612update.pdf

Definitely one to research - some good potential

http://www.edisoninvestmentresearch.co.uk/researchreports/Trifast200612_Update.pdf

Sage's acquisition of a majority stake in Folhamatic may be expensive, but it looks like a 'strategically sensible' deal, according to Investec which upgraded its recommendation on the stock from 'sell' to 'hold' on Wednesday morning. The broker said: "Clearly, growing by acquisitions make sense to Sage which is putting increasing focus on the top line. Brazil is a highly attractive market, both in terms of the growth backdrop, but also relative to the low level of software penetration against a complex tax regime. We would expect the business to continue to show strong growth." With no material downside remaining to its 240p target price, Investec has moved its recommendation to 'hold'.

........Since our note on 3 May, the shares have fallen by 25%. For 2012, this leaves the shares on a discount of 69% to the Support Services sector and 61% to the FTSE Small Cap Index (2013: 67% and 46%). The market is clearly focused on macroeconomic concerns, but at some point the focus will switch to corporate performance, the low P/E and the well-covered (3.6x) and rising dividend. The NAV is 93p (end December 2011).

http://www.edisoninvestmentresearch.co.uk/researchreports/Communisis200612flash.pdf

John Mogford, an independent non-executive director of engineering giant Weir Group, purchased 3,500 ordinary shares on Monday at 1,454p a pop. The £50,890 purchase, which took Mogford's total holding in the company to 11,481 shares, came just one day before the company reconfirmed its full-year guidance, saying business is on track. It now expects full year revenues from its SPM and Mesa businesses to be slightly lower than 2011 and below prior guidance.

19/06 Steel producer Evraz (EVR) held an investor day where it set a target of generating 5 billion dollars (3.2 billion pounds) of EBITDA by 2016, compared to the reported adjusted EBITDA of 2.9 billion dollars (1.8 billion pounds) for the year ended 31st December 2011. The group added that it plans to increase mining volumes by 120% in order to be entirely self-sufficient in the supply of iron ore and coking coal by 2016. In order to achieve this, the company plans to invest an average of 1.5 billion dollars (0.95 billion pounds) in development over the next four years.

Panmure Gordon maintained its "buy" rating for Dunelm Group (DNLM) with a target price of 600p. The broker said that the furnishing company continues to gain market share, leading it to increase is three year compound annual earnings growth rate from 11.5% to 12.6%. Panmure Gordon added that the firm plans to return 40 million pounds to shareholders in the autumn and noted that the shares are currently trading at a lower than traditional premium to Dunelm's peer group