Member Info for mulledwine

http://www.investegate.co.uk/Article.aspx?id=201204030702136714A

JP Morgan Cazenove upgrades KCOM Group from neutral to overweight, target price raised from 71p to 80p.

Ukraine Operations Update Regal Petroleum plc ("Regal" or the "Company"), the AIM-listed (RPT) oil and gas exploration and production group, is pleased to announce its production figures for the first quarter of 2012 and an update on operational activities at its 100% owned and operated Mekhediviska-Golotvshinska (MEX-GOL) and Svyrydivske (SV) gas and condensate fields in Ukraine. The Company's Ukrainian gas and condensate production for the first quarter of 2012 averaged 233,800 m3/d of gas and 49 m3/d of condensate (1,769 boepd in aggregate). The Company has commenced work on its investment programme for 2012 which is designed to continue the development of its MEX-GOL and SV fields and includes the drilling of 2 new wells, the work-over of 3 existing wells and upgrades to its processing facilities. The funding for this programme is budgeted to be sourced from existing cash and operational revenues. The SV-53 well was spudded on 28 March 2012. The well is scheduled to take 400 days to reach its target depth of 5,450 metres and is targeting the Visean reservoirs ("B-Sands"). The well is currently drilling at a depth of 1,862 metres. The MEX-105 well is expected to be spudded in late April or early May 2012, and is scheduled to take 350 days to reach its target depth of 5,250 metres. This well is also targeting the Visean reservoirs.

CONT Both wells are being drilled by local Ukrainian drilling contractors, with the Ukrainian drilling rigs being supplemented by the use of selected western technology and equipment designed to improve drilling operations. The Company has recently completed the first of 3 work-overs of existing wells designed to enhance production performance of these wells, with the SV-66 well currently on production test following its work-over. An upgrade of methanol equipment at 2 existing wells is also planned to commence later in 2012. The Company's gas treatment facility is being upgraded, over two phases, during 2012 to enhance the facility's overall efficiency and incorporate compression equipment, and additional upgrade work will provide for LPG recovery.

http://www.investegate.co.uk/Article.aspx?id=201204031458107447A

Yes all things considering she has held up well so far after the initial drop on opening

ARM, Gemalto and Giesecke & Devrient announce the creation of a joint venture CAMBRIDGE, UK - APRIL 03 2012 ARM, Gemalto and Giesecke & Devrient today announced the creation of a joint venture dedicated to delivering a trusted, secure environment for advanced services running on smartphones, tablets and other smart connected devices. Each of the three companies is contributing assets to the new independent company, including patents, software, people, cash and capital equipment. ARM is providing working capital and employees, mainly engineers and market development staff. The cash contributed by ARM is not significant in the context of ARM's balance sheet. ARM will own 40% of the joint venture, with Gemalto and Giesecke & Devrient owning 30% each. For more information please see the full press release on www.arm.com/news -- IMPORTANT NOTICE: The contents of this email and any attachments are confidential and may also be privileged. If you are not the intended recipient, please notify the sender immediately and do not disclose the contents to any other person, use it for any purpose, or store or copy the information in any medium. Thank you

http://www.investegate.co.uk/Article.aspx?id=201204030700116906A

WH Ireland Securities initiates buy on Hornby, target price 135p.

Panmure Gordon initiates buy on Majestic Wine, target price 500p

....... February's outlook statement cited continuing strength in the early part of this year, although statistics for spring home-buying obviously need watching and are likely the next hook for investor sentiment. Latest figures suggest a slight rise in UK house prices during March, especially in southern England, so demand appears to be sustained. It looks worth keeping an eye on the share price for another buying opportunity given this robust investment profile.

http://www.iii.co.uk/articles/30869/stock-watch-galliford-try

Rebecca Worthington, Quintain's Finance Director, commented: "We are pleased to have successfully concluded a deal with M&G and Deutsche Postbank for the refinancing of the iQ fund on attractive terms. The agreement provides iQ with a stable financial base from which to pursue further growth".

iQ Fund Agrees £158 million refinancing Quintain, the London regeneration specialist and fund manager is pleased to announce that it has successfully concluded the £157.75 million refinancing of the iQ fund, one of the UK's largest student accommodation providers. iQ is a 50-50 joint venture between Quintain and the Wellcome Trust. The new debt facilities will replace the fund's original five-year senior debt facilities with HBoS and Fortis, which would have matured this summer. With M&G Investments, a 5 year, £115 million senior debt facility has been secured on nine of the fund's twelve completed buildings at 290bps margin. Deutsche Postbank has agreed a 5-year £42.75 million facility, secured by the fund's remaining three completed assets at a margin between 275bps and 300bps. The iQ portfolio currently extends to more than 4,500 bedrooms. The opening in September of a new 673 bedroom scheme in Shoreditch, London, will increase the total number bedrooms in the iQ portfolio to 5,183 and increase the Fund's rent roll to £33 million. iQ continues to experience strong demand for its units, with a fully-let portfolio at present and forward lettings of 57% for the 2012/13 academic year, which is above the level achieved at the same point last year.

http://www.investegate.co.uk/Article.aspx?id=201204030700126510A

Pre-Close Trading Update Tricorn Group plc (AIM: TCN.L), the AIM quoted tube manipulation specialist, today announces the following pre-close trading update following the end of its financial year to 31 March 2012. Group sales are expected to be approximately 13% ahead of the previous year with all divisions experiencing strong demand through the final quarter. Profit* margins are ahead of last year both at Group and divisional level reflecting the continuing improvement in operational performance. Whilst all of the divisions have made good progress the performance of the Aerospace division has been particularly encouraging and will see the business return to profitability for the full year. With the positive momentum being maintained during the final quarter, full year Group PBT* is expected to be around £1.6m, being approximately 50% up on the previous year, and slightly ahead of the recently upgraded market expectations following the Company's trading update announced on 28 February 2012. Given the continued strong performance of the Group, the Board will be recommending the payment of a final dividend as part of its progressive dividend policy. Further details on this and current trading will be given with our full year preliminary results which are scheduled to be released on 11 June 2012. *The references to Profit and PBT are before intangible asset amortisation, share based charges and fair value adjustments.

http://www.investegate.co.uk/Article.aspx?id=201204030700126461A

Chairman Michael Knight stated that "the last 12 months has seen the business stabilised with the Company well-positioned to continue driving value for shareholders from its asset base and at the same time carefully and diligently pursuing strategic opportunities in line with its stated vision and strategy for growth". The Company expects to release its preliminary announcement on or around 27 June 2012

In respect of the property development sector generally, it remains challenging but nevertheless the Property business has performed well in this environment and it continues to work towards achieving positive outcomes in order to realise cash and profit where market conditions permit. Against this background, on 26th March 2012 the Group received £1.3m from the second payment for the fourth tranche of airport land, triggered by the stage completion of the new road adjacent to the airport site. Bank debt stood at £16m at the year end (September 2011: £22m; March 2011: £21m). Trading by the Fisheries and Marina businesses has been strong throughout the period, building on the good performance of recent years. To ensure these activities continue to evolve and maintain their market positions, the Company expects to make some capital improvements during the next year. There are plans to reconfigure part of Sutton Harbour Marina to cater for the growing proportion of larger vessels which should ensure the harbour's continued position as a key destination in the South West. Further investment in the Fish Market's ice delivery capability is also important to help consolidate its standing in the region. Following the placing and open offer in January 2012, when the Company raised £5.7m (net of costs) from existing shareholders, it is pleasing to confirm that good progress is being made towards finalising agreements enabling the planned expenditure on and the construction of the new Kingpoint Marina facility, at Millbay, Plymouth, later this year so that the Company should be able to market the new marina at forthcoming boat shows in time for the 2013/2014 season.

Trading Update Sutton Harbour Holdings plc, announces its Trading Update for the year ended 31 March 2012. The year has been one of substantial change which has resulted in a revitalised Company, now better positioned to participate in, and benefit from, various exciting marine and waterfront regeneration opportunities. Going forwards, the cost base has been substantially reduced and the focus now is to maximise the potential of the strong asset base, supported by the more visible stream of recurring incomes, and build on the Company's core credentials as a marine and waterfront regeneration specialist. As previously stated, as part of the strategy to exit from non-core trading activities, the Company will dispose of its investment in the Cumbria LIFT healthcare project which is now expected to complete in the first half of the next financial year. This deferral, together with certain non-recurring overhead expenditure relating principally to management termination payments, will mean that the overall result, excluding discontinued activities and valuation adjustments, is expected to be marginally lower than current market expectations. The Company's focus on recurring annual revenues from its tenanted properties has seen a number of improvements: the average length of unexpired leases has risen to 9.6 years (September 2011: 9.2 years; March 2011: 9.2 years); estimated rental value of vacant properties is £189,000 (September 2011: £195,500; March 2011: £262,000); occupancy rate 89.17% (September 2011: 89.13%; March 2011: 85.72% ). These figures include taking advantage of strategic opportunities to terminate tenancies where future value can be identified through redevelopment or reconfiguration. The underperforming aviation operations were exited with the closure of Plymouth City Airport on 23 December 2011. Results for this business will be disclosed as a discontinued activity in the full year results. Although the airport has been a negative feature of the Company's performance in recent times, the future use of this 104 acre site will constitute a major strategic regeneration project for both the Company and the City of Plymouth and the two organisations will be working together to achieve best value through alternative use of the site.