Member Info for mulledwine

http://www.investegate.co.uk/Article.aspx?id=201203280700142147A

BAE Systems Sell 26-Mar-12 £288,031.03 Ian King 94,548 @ 304.64p BAE Systems Sell 26-Mar-12 £174,812.49 Ian King 57,132 @ 305.98p BAE Systems Sell 26-Mar-12 £106,270.62 Linda Hudson 34,884 @ 304.64p

Brunner Inv Trust Buy 27-Mar-12 £98,440.00 Ian Barlow 23,000 @ 428.00p

Cookson Group Sell 27-Mar-12 £4,520,919.83 Francois Wanecq 642,989 @ 703.11p Cookson Group Sell 27-Mar-12 £3,697,753.82 Nick Salmon 525,914 @ 703.11p Cookson Group Sell 27-Mar-12 £1,867,460.11 Mike Butterworth 265,600 @ 703.11p

Angus McCaffery, Sales and Marketing Director of Maintel, a telecoms and data services company, sold off 115,000 ordinary shares for 380p each. The £437,000 transaction left McCaffery with just over two million shares, equal to around 19.25% of the company. Earlier this month the firm posted a rise in both revenue and profit for the year ended December 31st. Income was up from £22m to £25.9m year-on-year, while pre-tax profit climbed from £2.7m to £3m.

Tempus in The Times defends catering and contract cleaning group Compass from rather pernickety analyst notes about slowing growth. For the first half of the year organic growth (that is, stripping out acquisitions) was 5% versus the previous year’s 5.5%. Tempus points out Compass is still a cash generating machine, making lots of bolt-on acquisitions in emerging markets. There’s a lot of money to be made selling hot dogs in basketball stadiums and then cleaning up afterwards (a rough approximation of Compass’s business model) but the shares trade on 15 times forward earnings, Tempus thinks they’re not going much higher in the near future.

Inter-dealer broker ICAP said it has seen an increase in risk appetite in some markets this year, but has left full year guidance unchanged from that given at the time of its last update at the beginning of February. The firm's voice business has seen a pickup in interest rate markets, but credit markets remain challenging, although there has been an increase in issuance.

Like-for-like (LFL) sales growth at pizza delivery firm Domino's Pizza has tailed off a touch in the last six weeks. Back in February, the group reported year-on-year sales growth on a LFL basis of 3.7% for the first seven weeks of 2012, but this rate had fallen to 3.5% for the period covering the 13 weeks to March 25th. In the corresponding period of 2011, LFL growth had been 4.2%.

OUTLOOK CONT "In Russia steel prices have remained broadly flat in Q1 2012 on Q4 2011, and our cost base is increasing due to the ongoing strengthening of the Rouble. Prices of steel products have remained broadly flat since the beginning of 2012. Russian Railroads remains a very strong customer and we expect it to maintain purchase volumes over the next several years. In addition, we expect to improve our product mix and generate additional revenue through our rail mill and wheel shop modernisation. "Demand for our products in North America remains strong and the relative performance of this region so far in 2012 is higher than in 2011. "CAPEX for FY2012 is expected to remain at the level of 2011 but we continuously assess the market environment and have flexibility in our CAPEX plans. "We strongly believe that the quality of EVRAZ Group's asset base, the competitive advantages derived from vertical integration, its low cost position, geographic breadth and highly experienced management team leave the Company well positioned to continue to implement its growth strategy and deliver value for shareholders."

Outlook Commenting on the outlook for 2012 and beyond Mr. Frolov said: "The long-term prospects for global infrastructure, a sector where EVRAZ has established a strong reputation and footprint, remain attractive. As a low cost, vertically integrated global steel manufacturer, EVRAZ is well placed to benefit from the increased emphasis on infrastructure development globally. "In the near-term, the outlook for the global steel industry is likely to continue to be challenging in 2012. Our current expectation is for a modest overall rise in steel consumption, driven by demand from the emerging markets. The wider global economy and, in turn, the steel industry, continues to face challenges and will likely remain volatile. "However, we have substantial experience of managing the business in an extremely challenging environment in late 2008-2009 and enter this period of uncertainty with confidence. Inventories at traders and at our mills and ports are very low and we do not ship without a pre-payment, which minimises our credit risk. "We continue to run our steelmaking capacities at full utilisation and expect the situation to remain the same in the foreseeable future. This is expected to result in a slight increase in volumes of finished steel products in 2012 compared to 2011 due to the completion of certain maintenance and modernisation projects.

Alexander Abramov, Chairman of the Board of EVRAZ plc, commented: "2011 was a landmark year in the development of EVRAZ. We produced a robust operating performance in volatile markets, posted strong financial results, delivered against key management objectives, simplified the company's capital structure and moved up to trading on the Main Market of the London Stock Exchange, becoming a Premium Listed UK company and a constituent of the FTSE100 Index. "That the group was able to deliver such a resilient performance in a year characterised by global economic uncertainty is testament to the power of our integrated business model, the sustainability of our strategy and the efforts of our management team and employees. Although the new company, EVRAZ plc, represents the same underlying assets as EVRAZ Group S.A., the listing will enable us to broaden our shareholder base, improve the liquidity of the Company's shares, and provide better access to the international capital markets. Importantly the listing also shows EVRAZ's commitment to the highest standards of governance, transparency and information disclosure. "As a global organisation our undertaking is to make the world Stronger, Safer and Cleaner and to this end, we are increasing our emphasis on the Health, Safety and Environmental management of the Group." Alexander Frolov, Chief Executive of EVRAZ plc, commented: "First of all, I'd like to emphasise that the safety of our employees remains our top priority. In 2011 we have recorded significant improvement in both lost time injury frequency rate and fatal injury frequency rate, with the former down 23% and the latter down 50% year-on-year. Our main goal now is to make these improvements sustainable. "Our main strategic priorities in 2011 were to grow our steelmaking raw material base and to improve the performance and efficiency of our existing mining operations. During the year we launched a number of growth initiatives to improve productivity and secure our self-coverage in raw materials. We remain on track to reach our long-term objective of achieving integration levels in excess of 100% self-coverage in iron ore and coking coal supply. "At the same time, we have focused on the need for operational excellence in our steel operations, firstly, in order to preserve our competitive advantage as one of the world's leading low cost steel producers, and secondly, to reposition the business and increase our share of higher value-added finished products. We have made considerable progress in pursuit of these goals: modernising existing facilities, investing in new projects and successfully shifting our production more toward value-added steel products.

2011 Highlights: Financials: · Consolidated revenue US$16,400 million (+22% vs. 2010) · Consolidated adjusted EBITDA US$2,898 million (+23%) · Net profit US$453 million (-4%) · Operating cash flow US$2,647 million (+59%) · Net debt US$6,442 million (-10% vs. 31 December 2010) · Final dividend of US$228 million announced

http://www.investegate.co.uk/Article.aspx?id=201203280700182319A

Cenkos Securities retained its "buy" stance on Plastics Capital* (PLA) with a target price of 110p. Having generated an average of 4 million pounds of free cash flows over the last two year, the broker expects the plastics and rubber products manufacturer's net debt to fall to 11.2 million pounds by the half year, from 19.6 million pounds in March 2009. Cenkos noted that the firm has placed greater focus on geographic expansion, with 25% of revenues now coming from emerging markets. The broker added that on a prospective earnings multiple of 6.4 times for the year ending March 2012, the shares trade on a 30% discount to the peer group average. The shares were unchanged at 68p.

Deutsche Bank downgrades International Power from buy to hold

Lynton Barker, Executive Chairman of the Company, commented, "This is a disappointing outcome to the current financial year, which has seen further significant progress, and reflects delays in closing major contracts. The contract delays are matters of timing and we remain in a strong position to close some excellent deals in the new financial year which will build value for our shareholders. I look forward to providing a more detailed review of the Company's trading performance with preliminary results, including the progress we have made in strengthening the talent in the business. We remain focused on increasing our customer base and recurring revenues, whilst keeping tight control over costs. Our prudent approach on costs and cash will help us manage through this short term disappointment."

Trading Update Active Risk provides the following update on trading for its financial year to 31 March 2012. The Company announces that due to unexpected delays in closing significant contracts, it now expects revenue for the current financial year to be below that recorded for the prior year and, whilst revenue for the second half of the current financial year is expected to exceed that of the first half, the Company will remain loss making. The delayed contracts as well as a number of other significant contracts remain in negotiation and the Directors believe that they are likely to be completed in the new financial year. Furthermore, the Company's financial position remains strong with a net cash position at the year end expected to be in excess of £3m. The Company has continued to invest in and allocate resource to frontline selling, resulting in a significantly enhanced capacity to execute business in USA, EMEA and Australia. The Directors consequently remain confident in the prospects of the Company. Full year trading results are anticipated to be issued on 16 May 2012.

http://www.investegate.co.uk/Article.aspx?id=201203270700161143A

Shares in Parallel Media Group* (PAA) crept 0.625p higher to 9.875p on news its 50% owned subsidiary Parallel Smart Media would be expanding further into Asia via the opening on an office in Singapore. The brand development company's focus in the region will lean towards sponsorship rights and out of home advertising, and the company has already hired what is regards as a team of top executives. The firm added it would also channel resources into the development of the highly successful Asian music genre KPOP, promoting and organising concerts in the Asia Pacific territory.

Seymour Pierce kept its "buy" stance on SpaceandPeople (SAL), with a 100p target price. The experimental advertising company performed in-line with the broker's forecasts for the year ended 31st December 2011, with like-for-like revenues rising 19% to 10.66 million pounds. Seymour Pierce attributed the growth to the group's acquisition of Retail Profile, expanding its operations into the provision of retail stands. The broker added that the firm's net debt stood at 2.14 million pounds at the end of the period, resulting in net debt to equity of 36%. The shares dropped 2p to 68p.