Member Info for mulledwine

F&C Asset Management Buy 30-May-12 £121,518.50 Edward Bramson 170,361 @ 71.33p

Northland Capital Partners reversed its stance on Cape (CIU) from a "sell" to a "buy", reporting that after speaking to Cape's management. Northland is reassured by the board's comments that post last Friday's unimpressive contract update, in which was the industrial services firm realised a 14 million pound charge, that the issues experienced in Algeria should not be repeated. Despite the broker believing it will take some time for investor confidence to be repaired, it commented that a solid wider trading environment suggests the business will recover from recent problems.

Both Peel Hunt and Investec view Chime Communications (CHW) as a "buy", the former with a price target of 200p, as both believe the agreement to sell its public relations division Bell Pottinger for 19.6 million pounds, eight times EBITDA, is at a good price. The agency has seen some adverse trading in recent months, and so the brokers are happy to see the back of it. With its significantly strengthened cash balance exceeding 20 million pounds, the group will now have the resources to focus on its much stronger VCCP advertising franchise as well as its sports marketing operation.

And another one Malkie and a hefty one at that Simon Borrows, the new Chief Executive of FTSE 250 private equity infrastructure and debt management group 3i, has celebrated his new position with the purchase of four million shares. The director, who clearly has faith in his own ability to overcome the company's challenges, handed over £6.9m for the shares, which were purchased in three transactions between Monday and Wednesday. Borrows, who originally joined the board of 3i as Chief Investment Officer last year, first bought up 2.0m at 173.00p a pop, before added a further 1.15m and 0.85m at 171.40p and 172.84p, respectively.

Tate and Lyle doesn’t make sugar anymore, as the Tempus column in the Times kindly reminds us. Its corn-based sweetener products do, however, benefit when the sugar price is high because they look cheap by comparison. But the company has been hit with some annoying one-offs and could face further charges if it decides to reopen a mothballed facility in Alabama. Trading at something like 11.5 times forward earnings, Tempus says hold for now

Tate and Lyle doesn’t make sugar anymore, as the Tempus column in the Times kindly reminds us. Its corn-based sweetener products do, however, benefit when the sugar price is high because they look cheap by comparison. But the company has been hit with some annoying one-offs and could face further charges if it decides to reopen a mothballed facility in Alabama. Trading at something like 11.5 times forward earnings, Tempus says hold for now

Lorne Abony, CEO & Chairman of Mood Media Corporation, commented: "We are excited about the BIS acquisition for a number of reasons. Firstly, the acquisition's merits on a stand-alone basis are compelling; Mood is acquiring a well-established business with a strong market position at an attractive value. Most critically, however, we believe that BIS's sophisticated and comprehensive installation capabilities will enable Mood to better capitalize on its tremendous visual market opportunity and grow its visual recurring revenue base more efficiently. The acquisition is in lock-step with Mood's growth strategy of driving organic sales growth by enabling the enlarged group to offer an expanded range of products and services. The integration of BIS with Mood also offers further opportunities to centralize and realize scale economies from the combined organization. The BIS acquisition further extends Mood's leadership in Europe, and we look forward to accelerating our growth by leveraging the strengths of the combined organization."

Mood Media Corporation moves to seize visual opportunity with BIS acquisition TORONTO, May 31, 2012 /CNW/ - Leading in-store media provider Mood Media Corporation (TSX:MM/ LSE AIM:MM) ("Mood"), today announced the acquisition of BIS Group ("BIS")1, a leading provider of audio-visual services in Europe, for consideration of €22.5 M in cash. BIS is a leader in corporate and commercial audio-visual installation in the Benelux region (Belgium, Netherlands, Luxembourg). In the year ended December 31, 2011, BIS recorded revenue of €46.1 M and Profit Before Tax of €2.6 M.

http://www.investegate.co.uk/Article.aspx?id=20120601070000P4526

Yes if the Europe saga continues and its set to do so then £2 is on the horizon at some point

David Fowler, Chief Executive Officer commented: “This PEA is based on the existing resource at Pantanillo Norte and demonstrates Pantanillo´s development potential. We believe that further exploration can significantly enhance the project and a number of initiatives will be pursued to improve the project further.”

Next Steps AMEC has prepared recommendations for the Project development, comprising a two-phase work program. Phase 1 would consist of data collection for supporting the Pre Feasibility stage. Phase 2 would consist of the completion of a pre-feasibility study. The following activities are being recommended to be undertaken on phase 1: infill and geotechnical drilling, and further hydrogeological and metallurgical work. The Phase 2 work program will use the results of Phase 1 to complete a pre-feasibility study that is planned to support a first-time declaration of Mineral Reserves for the Project. Orosur is currently evaluating AMEC´s recommendations.

The Preliminary Economic Assessment (“PEA”) is based on Mineral Resources, reported at a cut-off grade of 0.3 g/t Au for oxide and mixed material, and 0.5 g/t Au for sulphide material, that include 36.5 Mt grading 0.71 g/t Au in the Measured category, 10.5 Mt grading 0.63 g/t Au in the Indicated category and 0.3 Mt at 0.53 g/t Au in the Inferred category. Mineral Resources are reported at a commodity price of US$1,035/oz gold, and have an effective date of 9 July 2010. The results of the PEA are partly based on Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. There is no certainty that the PEA based on these Mineral Resources will be realized. Inferred resources in the PEA mine plan represent 0.12 % of the total recovered ounces. The Mineral Resource estimates have been prepared in accordance with the 2010 CIM Definition Standards for Mineral Resources and Mineral Reserves as incorporated by reference in National Instrument 43-101 of the Canadian Securities Administrators. The AMEC Qualified Person for the estimates is Ms María-Angélica González, Registered Member, Chilean Mining Commission. see tables on RNS

http://www.investegate.co.uk/Article.aspx?id=20120601070000Z8837

Could do with an idea as to the worth for TRT

Graham Storey, CEO of Transense, commented: "We are absolutely delighted that the iTrack system has successfully proven itself in tough and demanding conditions. One of the world's largest mining companies has seen the benefits iTrack brings to mine vehicle management during the trial, with the system alerting them to an instance of over-inflation, which had it been left unchecked could have led to a major tyre failure. We believe the ability of the system to reduce these incidents provides a compelling business case for the system with a rapid return on investment. A single tyre can cost up to US$80,000 and a truck being off the road for an unscheduled tyre change can take several days and cost a mine hundreds of thousands of dollars in lost productivity. We are hopeful that the Customer will begin deploying the iTrack system within its mines in southern Africa and its many global sites in due course, and we will make further announcements as appropriate."

Translogik iTrack System Successfully Completes Trial in South Africa with one of the world's largest mining companies Transense Technologies plc ("Transense") (AIM: TRT), the provider of sensor systems for the transportation and industrial markets, is pleased to announce that its trading division, Translogik ("Translogik") has been advised by one of the world's largest mining companies (the "Customer"), that its iTrack Tyre Temperature and Pressure Monitoring System for mining and off-the-road vehicles, has successfully completed field trials and is now an approved product for deployment in the southern African region. The Customer is initially focussing on fitting the iTrack system to its haul trucks while also considering fitment to its ancillary mine vehicles, more than doubling the potential number of vehicles requiring the system.

Yes - it is considering!

http://www.edisoninvestmentresearch.co.uk/researchreports/GBG300512Outlook.pdf

http://www.investegate.co.uk/Article.aspx?id=201205310700094682E