Member Info for mulledwine

Agreement with Eskom 1 March 2012 International Ferro Metals Limited, the integrated ferrochrome producer, announces that it has reached an agreement with Eskom to assist with the power utility's electricity supply requirements by participating in its electricity buy-back programme for an agreed period. IFL has agreed to switch out the first furnace from 1 March until 31 May 2012, and the second from 1 April until 31 May 2012. IFL has the option, under this agreement, to switch back in the first furnace on 1 May, provided one month's notice is given by 31 March. Under this agreement, Eskom will buy back the electricity which would have been consumed by the two furnaces, at a rate that results in a net financial benefit to the Company. IFL's contractual commitments to customers will not be affected as these will be serviced from existing ferrochrome stock and production from the second furnace, which will be switched out on 1 April. Both shutdowns will be executed in a safe and secure manner and we expect switching back in to be a quick and secure process as the furnace performances have been proven after the roof rebuild project. No job losses will occur as a result of the buy-back programme and the furnace shut downs will not significantly impact our other mining and ore beneficiation operations, including the operation of the UG2 plant. Furthermore, Bank of China, IFL's lender, is agreeable to this decision.

Not sure how well this will be received - its okay the boss saying it will benefit IFL but no figures have been reproduced

Finance secured . Should be a good day

£2m loan facility secured Sarantel Group PLC (AIM: SLG, 'Sarantel' or 'the Group'), a leading manufacturer of high-performance, miniature filtering antennas for mobile and wireless devices, announces that it has agreed a £2m secured loan facility with HSBC Bank PLC. This is an interest only facility which is available for a two year term and has the flexibility to be drawn down in stages. Interest is payable quarterly at the rate of 3% per annum over the Bank's Sterling Base Rate. Sarantel believes that this facility along with the Group's largest order to date, announced on 8 February, and other supply agreements announced during 2011, gives the Group the necessary finance and sales pipeline to reach profitability. David Wither, CEO of Sarantel, said: "I believe this facility, along with the successful contract wins we have had in recent months, will give us the headroom we need to take the Group forward to profitability."

http://www.investegate.co.uk/Article.aspx?id=201203010700274274Y

The Group's net debt position is better than projected at the time of the recapitalisation , largely as a result of tight controls on working capital. Our major capital investment programme, Project Phoenix, is progressing to schedule and within budget. The planning phase was completed in December and negotiations are ongoing with key suppliers. Implementation of key projects is expected to commence as planned during April . We are still at an early stage in implementing the recovery plan and Superglass continues to operate against a background of challenging market conditions, exacerbated by recent uncertainty over the potential impact of the transition from CERT to Green Deal. It is too early at this stage to assess what might be the real impact of this transition when it takes effect at the beginning of 2013. Overall, the Board views the progress achieved during the three months since the recapitalisation as satisfactory.

Period end trading update Superglass Holdings PLC, the UK's leading independent manufacturer of glass wool mineral fibre insulation products, today releases a period end trading update in advance of its interim results for the six month period ended 29 February 2012, scheduled for release towards the end of April. Sales in the first half of the current financial year are significantly ahead of the equivalent period last year, albeit behind the budgeted level. Inevitably, the widely-known financial difficulties experienced by Superglass prior to the successful recapitalisation at the end of 2011 have impacted adversely on trading during the first half of the financial year; and it is taking time to rebuild confidence amongst our customer base and channel partners. The resulting shortfall in sales has, however, been partially mitigated by lower costs. The drivers of activity in CERT are continuing to strengthen, resulting in strong growth in this channel over the past eight weeks. There is now clear evidence that energy suppliers have increased their efforts to achieve the mandatory CERT targets by the end of 2012. Sales pricing levels in the UK have also improved following the general market increase in October and a further increase in February should address some of the significant cost inflation which has impacted Superglass over the past 18 months. With increased volumes from CERT, increased selling prices and the benefits of sales specification activity beginning to take effect, results for 2011/12 will, as expected, be strongly second half weighted.

http://www.investegate.co.uk/Article.aspx?id=201203010700264231Y

David Craven, Chief Executive Officer, commented: "We have made significant progress this year. In the context of our strategic aim to deliver long-term growth, our performance in 2011 is pleasing. AMRAC has continued to perform well, SportingWins has signed several contracts with further contracts in the pipeline, and we have successfully begun our investment programme, establishing foundations for the future of Timeweave. "Against a backdrop of economic turmoil, our core business has increased its profitability and we look to invest strongly wherever opportunities arise. We are grateful for the support of our shareholders as we seek to build a sustainable business."

Overview for the twelve months to 31st December 2011 · Revenue increased to £28.2m (12 months to 31st December 2010: £27.6m, 13 months to 31st December 2010: £29.9m). · Operating profit before exceptional items of £7.8m (13 months to 31st December 2010: £8.0m). · Stable balance sheet: £25.06m in cash, excluding share of AMRAC cash and £33.4m including share of AMRAC cash. (31st December 2010: £31.9m including £9.9m being its share of AMRAC cash and cash equivalents). · Strengthened by the appointment of a CEO with relevant experience and skills who, together with the Board, conducted a strategic evaluation of the business which has resulted in a focus on achieving growth. · AMRAC secured a long-term contract with one of the UK's leading bookmakers, William Hill, and acquired exclusive media rights for three new tracks, taking the rights package to 34 tracks to 2018. · Acquired assets of SportingWins which provides "hedging agreements", to cover the financial risks relating to cover the results of professional sports events. The business is trading well with a number of contracts already signed with international clients. · In this difficult economic climate, the Company continues to evaluate numerous investment opportunities to deliver long-term shareholder value and will focus on acquisitive and organic growth through expansionary investment. · Since 2009, the Company has distributed £11.95m to shareholders. This repaid shareholders' capital raised from the 2007 rights issue. Given the abundance of compelling investment opportunities available, the Board has elected to retain capital to invest for growth within the existing portfolio and through further acquisitions. The Board has evaluated potential investment returns and will therefore not pay a final dividend. · Post year end, Timeweave acquired £3.068m of convertible loan notes in DCD Media Plc, the AIM listed independent television production and distribution group. These loan notes were acquired for a consideration of £2.087m using the Company's existing cash reserves.

http://www.investegate.co.uk/Article.aspx?id=201203010700414382Y

Update on relationship with RIM Bango is pleased to note a 27 February RIM announcement which noted that mobile operator billing is now deployed within more than 40 mobile operators around the world for BlackBerry App World™. RIM also provided data demonstrating that BlackBerry App World™ purchases increased by 120% when operator billing is offered. A link to this announcement is at www.bangoinvestor.com Update on relationship with Facebook Bango is pleased to note the announcement by Facebook at Mobile World Congress on 27 February 2012 that Facebook is working to minimize the number of steps needed to complete a transaction in mobile web apps, which will make it easier for hundreds of millions of people worldwide to purchase apps through Facebook on their device via operator billing. A link to this announcement is at www.bangoinvestor.com The Board continues to believe that it is too early in the relationship to accurately forecast the level of business which this relationship may generate. Update on relationship with Opera Bango is pleased to note that on 28 February 2012 Opera Software launched the Opera Payment Exchange (OPX) to provide the world's best user experience in mobile payments, with its partnership with Bango. A link to this announcement is at www.bangoinvestor.com Update on relationship with Amazon Following the announcement of Bango's agreement with Amazon on 08 December 2011, the relationship continues to develop. The Board continues to believe that it is too early in the relationship to accurately forecast the level of business which this relationship may generate.

Trading Update Bango (AIM: BGO) is pleased to provide an update on business activities. Financial Update (for the twelve months to 31 March 2012) Bango expects financial results for the year to show an EBITDA & SBP (earnings before interest, tax, depreciation, amortization and share-based payments) loss reduced to approximately £0.4m (FY2011: loss of £0.57m). The total loss after tax is expected to be approximately £0.8m (FY2011: loss of £0.70m) reflecting an increased amortization charge for previously capitalized R&D. The cash balances at 31 March 2012 are expected to be about £1.8m (FY2011: £2.71m). The expected result for the year does not include any material income from the agreements signed with Amazon and Facebook, as announced on 08 December 2011 and 07 February 2012 respectively, but does include costs relating to the establishment of these relationships. Bango intends to announce final results for the year ended 31 March 2012 in June 2012. Financial reporting periods Bango has decided to align its fiscal year end to the calendar year. As a result, following the release of its results for the twelve month period ending 31 March 2012, Bango will report on a nine-month trading period, from 1 April 2102 to 31 December 2012, by 31 March 2013. There will be no interim report produced for the period ending 30 September 2012.

http://www.investegate.co.uk/Article.aspx?id=201203010700474427Y

Commenting on the contract award Tom Burnet, Chief Executive Officer of Lo-Q plc, said: "Today's news is yet another example of the enthusiastic response our recently launched water park product has received from the operator community. Both large-scale groups and individual park operators such as Zoombezi Bay have been quick to realise the revenue enhancing and experience enhancing qualities of the product and its ease of use. Zoombezi Bay is a great family attraction and we are thrilled to be working alongside the team there." Commenting on behalf of Zoombezi Bay, General Manager John Gannon added: "Zoombezi Bay is excited about expanding on our unique water park experience with Lo-Q's Q-band ride reservation system. We believe our guests will greatly appreciate having the option to make ride reservations to avoid waiting in line for our exciting rides. This will allow guests to enjoy their time at Zoombezi Bay as they choose."

United States New Contract Win -Lo-Q announces new US customer for its water park technology - - Upon completion will represent 11th water park installation since Q-band's launch in October 2011 - Lo-Q plc (AIM: LOQ), the AIM-listed provider of virtual queuing systems for theme parks, water parks and major attractions, is delighted to announce the signing of a new US customer for its recently launched water park product: Q-band. Zoombezi Bay, which is owned and operated by Columbus Zoo and Aquarium, has signed a five year agreement with Lo-Q to install and operate its Q-band water park ride reservation system. Zoombezi Bay opened in 2008 following an extensive refurbishment of the old Wyandot Lake park and has since delivered steady annual increases in attendance rates, including a large proportion of season-pass holders. The Zoombezi contract represents a further, significant milestone for Lo-Q's Q-band product. Launched only in late 2011, this installation, once completed, will represent the eleventh water park globally to utilise the Q-band. Q-band is a revolutionary RFID-enabled wristband that is both waterproof and lightweight. Guests renting the Q-band use it to reserve a "virtual" place in line at a park's most popular slides, using kiosks located throughout the park. When their reservation time arrives, guests enter via a separate entrance and scan their band to be validated. Zoombezi Bay will offer two levels of the Q-band service for their guests to choose from, allowing them more time to enjoy the park and less time waiting in line.

http://www.investegate.co.uk/Article.aspx?id=201203010700504436Y

Character Group Buy 28-Feb-12 £148,000.00 Kirankumar Premshand Shah 100,000 @ 148.00p

Holdings (The) Sell 28-Feb-12 £4,080,000.11 Anthony W Pidgley 300,000 @ 1,360.00p Berkeley Group Holdings (The) Sell 28-Feb-12 £2,720,000.08 Robert C G Perrins 200,000 @ 1,360.00p

Mark Williamson, the Chief Financial Officer (CFO) of International Power, the FTSE 100 power generator, has sold over a million pounds worth of shares in the firm. The move means he no longer holds any shares in the company. Williamson, who has been CFO since 2003, sold 409,684 shares, which belonged to both him and his wife, at 344.50p each, for a total of just over £1.41m.