Member Info for mulledwine

Fellow electronics developer Premier Farnell (PFL) suffered a poor fourth quarter (ended 29th January 2012), with pre-tax profits falling by 14.3% to 20.3 million pounds. The group's sales in Asia Pacific continued to decline in the quarter, although at a reduced rate of 2.8%, compared to the third quarter's 3.6% fall. However, the firm did substantial reduce its net debt position by 25.8 million pounds to 237.1 million pounds. Premier Farnell shares fell by 7.9p to 220.9p

Shares in Northgate (NTG) crumbled 17.7p to 220.5p after the van rental company announced a 7.6% year-on-year fall in the number of vehicles on hire in the UK over the six months ended 29th February 2012. The group saw similar trends in Spain, with the number of vehicles on hire falling dropping 13.5% to 33,400. The group attributed the poor results to the economic climate, reducing the business activity of its clients and warned that the trend was likely to continue into the next financial year.

Panmure Gordon reiterated its "buy" recommendation for Next (NXT), with a target price of 3,135p, ahead of its final results release on 22nd March. The broker expects the fashion designer to report pre-tax profits of 572.6 million pounds, noting that the group had a difficult year due to the unusually mild weather. Panmure added that the company's online retail division has grown rapidly, forecasting revenues of 32 million pounds for the 2012 financial year, from 10 million pounds in 2011. Next shares gained 67p to 2,894p

Northland Capital retained its "buy" stance on The Berkeley Group (BKG), with a 1,600p target price. The broker said that strong trends in the London housing market should support a solid trading update from the housebuilder on 19th March. Northland is impressed that the firm believes it will be able to double its operating profit within three years, instead of the previously expected five, adding that this could lead to an early start to the proposed 13 pounds per share dividend payment scheme over ten years. The shares crept down 5p to 1,378p.

Two members of the Executive Committee of ARM, the FTSE 100 chip designer, sold off a total of 150,000 shares, received as part of the firm's long term incentive plan, earlier this week. Tom Lantzsch, Executive Vice President of Corporate Development, sold 50,000 shares at 575p each and another 50,000 at a price of 573p per share, for a total of £574,000. His total holding now stands at 35,347 shares. Lance Howarth, Executive Vice President of Marketing, sold 1,663 at 575p per share and 48,337 at 573.88p per share for a total of around £286,959. He now holds a total holding of 35,000 shares.

Net asset value per share held steady at 90p in 2011 at investment company LMS Capital as the company embarked on the mammoth task of unwinding its portfolio. The investment portfolio showed a net gain of £8.7m compared to £23.9m the previous year, including realised gains of £6.4m (2010: realised loss of £1.0m). The company is in the process of conducting an orderly realisation of all the assets of the company, and has put a freeze on all new investments. The directors aim to make an initial return of cash to shareholders by the end of 2012, with a further distribution by the end of 2013. Full realisation of the portfolio is likely to be completed in three to five years. Proceeds of realisations during the year were £62.7m (2010: £24.3m) including sales of quoted securities of £31.6m (2010: £6.2m), proceeds from the secondary sales of funds of £14.6m (2010: nil) and distributions from funds of £11.7m (2010: £13.7m). Outstanding commitments to funds were £18.9m at the end of the year, down from £40.7m at the end of 2010. As at December 31st the investment management business had net cash of £30.6m and no debt (December 31: net debt of £5.0m).

2012 outlook · Strong Group performance expected in 2012, with Group revenue growth of around 20%

14/03/2012 http://www.investegate.co.uk/Article.aspx?id=201203140700202994Z

JP Morgan Cazenove downgrades Hikma Pharmaceuticals from overweight to neutral, target price raised from 750p to 860

Broker Credit Suisse has today lifted its target price on shares of engineering group IMI significantly, to 930p from 740p previously. That on a more stable outlook for Europe than it had assumed, which has led it to increase its forecasts for adjusted earnings before interest and tax by 12.2% and 14.9% for the years 2012 and 2013, respectively. Another factor behind the upgrades is the consolidation of acquisitions.

Nomura has today raised its target price on Legal&General to 182p from 180p, adding that they continue to be buyers. They begin their research note by calling attention to the success of its so-called ´capital-light strategy´ at growing its asset management and unit-linked savings business, which contributed the major part of the growth in operating earnings, which were up by 13% and now comprise 32% of operating profit. In contrast, its insurance risk businesses reported flat earnings. As well, they see scope for further structural increases in dividend once uncertainty over Solvency 2 is resolved.

Further to the announcement of annual results on 27 February 2012, Bunzl plc announces that as from today the following documents will be available on its website www.bunzl.com on the following link: www.bunzl.com/bunzl/investor/repub/ Annual Report for the year ended 31 December 2011 Chairman's letter and Notice of 2012 Annual General Meeting As required by the Listing Rules, a copy of the 2011 Annual Report and the Chairman's letter and Notice of 2012 Annual General Meeting have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do

http://www.investegate.co.uk/Article.aspx?id=201203151455094488Z

What about 440ish for a low and where it has received support twice "recently"

I will be watching this closely over the next few weeks to try and find the bottom - never easy

Down 15 p at this time - is she going to stick to her performance pattern?

Hamish Purdey, CEO of FFastFill said: "We are pleased to have been selected by NYPC to deliver the PRIME™ service as a SaaS solution. NYPC PRIME™ builds on FFastFill's expertise in risk management across all areas of the trade flow and allows us to deliver this innovative technology to a growing market." Ira Krulik, Chief Operating Officer, NYPC said: "Working with FFastFill has allowed us to deliver a highly functional tool in a short period of time. We were impressed with the turnaround time and quality of the delivery, and we look forward to working with FFastFill to provide a highly reliable VaR platform for our customers."

FFastFill partners with New York Portfolio Clearing, LLC -FFastFill powers market-leading NYPC PRIME™ VaR margin calculator- FFastFill plc, (LSE: FFA), the leading provider of Software as a Service ("SaaS") to the global derivatives community, is pleased to announce that it is partnering with New York Portfolio Clearing, LLC ("NYPC"), the innovative clearing platform for fixed income derivatives, to provide the technology, hosting and support for the NYPC PRIME™ Portfolio Risk Interactive Margin Estimator. FFastFill will deliver the NYPC Value-at-Risk ("VaR") calculator that estimates the "one-pot" margin savings that clearing members can achieve for proprietary interest rate futures cleared at NYPC. FFastFill will also deliver certain cash positions cleared at the Fixed Income Clearing Corporation ("FICC") subsidiary of The Depository Trust & Clearing Corporation ("DTCC"), as a SaaS solution from its global network of managed data centres. NYPC is a joint venture between DTCC and NYSE Euronext ("NYX"), and was created to deliver unique capital efficiencies to the market by margining a clearing member's risk on a portfolio basis across related cash fixed income and derivative positions. For more information, please visit: www.nypclear.com / http://www.nypclear.com/sites/default/files/FAQ_nypcprime.pdf .

http://www.investegate.co.uk/Article.aspx?id=201203151200024211Z

Well that RNS made an impact