Member Info for mulledwine

Dave Shemmans Chief Executive Officer commented: "As expected, the financial year started slowly impacted by a weak European market and the loss of a core testing programme in Germany. However good levels of order intake, diversified by geography and sector, have resulted in a strong orderbook for the Group. We are pleased to see increasing levels of business returning from the automotive sector in the US and Asia, together with continuation orders from our core strategic clients and growth in our newer sectors. Despite the continuing uncertain economic backdrop, we remain confident of further progress in the full year supported by the strong orderbook and pipeline. In addition the recent acquisition of AEA Europe is expected to be earnings enhancing in the full year."

In the US, recent large defence project wins have continued to improve the orderbook platform. Within Performance Products, deliveries of defence vehicles, super car engines and high performance transmissions have been strong. Cash management has continued to be strong and we maintain a robust balance sheet notwithstanding our recent acquisition. The recently announced acquisition of AEA Europe has added just under 400 UK based staff and an environmental consulting capability which positions Ricardo to advise on key strategic issues facing industry and governments worldwide. The acquisition further enhances our Technical Consulting expertise sharing common long term strategic drivers such as reducing carbon emissions, improving air quality and managing scarce resources.

15 November 2012 Interim Management Statement Ricardo plc ('Ricardo' or 'the Group') - a market leading engineering, automotive and environmental consultancy, is today providing an Interim Management Statement in respect of the period 1 July to the date of this release. Ricardo will announce its results for the six month period ending 31 December 2012 on 28 February 2013. Order intake in the first four months, was up 6% on the same period last year. Significant orders in the period included automotive content from both the US and UK; defence orders included the second tranche of foxhounds for 100 vehicles and the second phase of work for DARPA in the US; an order for the design and prototyping of a monorail power pack from a Malaysian client; and marine engine development with a key client in Germany. The orderbook closed at £108m at the end of October, a similar level to £107m as reported at the end of June, and continues to reflect a diverse mix by sector and client and the pipeline remains strong. Revenue for the Group is up 8% compared to the first four months of trading last year. As expected, the Technical Consulting business which has benefited from a strong mix of orders, has delivered similar revenue compared to the same period last year. UK operations have been busy, offsetting a challenging position in Germany where a key client has withdrawn its requirement for testing and retained this activity in house.

http://www.investegate.co.uk/ricardo-plc-(rcdo)/rns/interim-management-statement/201211150700051598R/

Nigel Wright, Chairman, commented: "The third quarter has seen continuing solid progress for the Company, in particular at our principal residential project, Triumph Park, St. Petersburg. We have achieved higher than forecast sales of apartments in the first phase, and have already launched phase two, where we are experiencing similarly strong sales. We have also secured additional bank financing for Triumph Park despite continuing poor liquidity in the credit markets and this affirms the market view of both the scheme and Mirland's management. "The success of this development, combined with the very high occupancy rates within our income producing office and retail investment portfolio is encouraging. Meanwhile we continue our work in actively progressing our development pipeline and identifying new opportunities. I remain confident that, given continuing stable market conditions, the quality of our existing and pipeline projects will enable us to generate long term value on behalf of our shareholders."

Operational Highlights · Continued progress at the Company's flagship project, Triumph Park in St. Petersburg: - Launch of sales campaign for Phase Two of Triumph Park and pre-sale of 203 out of the 630 units, representing over 30% of the phase; - New loan agreement signed with SberBank of Russia Bank ("SberBank" or the "Bank") to provide a line of credit of approximately $47.5 million (the "Loan") to finance the construction of Phase Two; ongoing strong sales of Phase One with an additional 72 apartments sold, taking total sales to 480 units out of 510, subject to contract, representing a projected income of approximately US$63 million to be recognized in H1 2013 according to IFRS standards; · In September 2012, the Company entered into a new non-revolving US$50 million refinancing loan agreement with SberBank for two of its Moscow office investment assets, Hydro and MAG comprising part of the Mirland Business Centre. The US$50 million loan is for a seven year term, at fixed interest of 9.5%, payable quarterly. · Acquisition of an additional 10% of MirLand's jointly controlled entity Inomotor LLC, which owns an office building with a leasable area of approximately 11,000 sqm in the Century Project, for a total consideration of US$1.5 million in cash, taking the Company's interest to 61%; · Renovation of the MAG fire-damaged building has been completed and negotiations to re-let the space are now at an advanced stage, which will increase the lettable space by 7,200 sqm.

MIRLAND CONTINUES GOOD PROGRESS WITH EARNINGS GROWTH AND STRONG SALES MirLand, one of the leading international residential and commercial property developers in Russia, today announces its interim results for the nine months ended 30 September 2012. Financial Highlights: · Total revenues up 30% to US$43.7 million (nine months ended 30 September 2011: US$33.6 million) due to improved occupancy rates in yielding properties, the receipt of proceeds from a compromise agreement with Raiffeisen Bank, and income from house sales at the Western Residence project in Perkhushkovo; · Net operating income ("NOI") from investment properties up 69% to US$25.3 million (nine months ended 30 September 2011: US$15.0 million), due to improved occupancy, reduced operating expenses and increased income from rent indexation; · EBITDA up 41% to US$7.9 million (nine months ended 30 September 2011: US$5.6 million); · General and administrative expenses reduced by 12% to US$10.3 million (nine months ended 30 September 2011: US$11.7 million); · Positive cash flow from operating activities of US$9.7 million (nine months ended 30 September 2011: negative cash flow of US$9.8 million), supported by receipts from strong pre-sales of units at Triumph Park development; · Loss of US$7.3 million (nine months ended 30 September 2011: net income of US$28.3 million) due to currency movements; appreciation of the Rouble against the US Dollar of approximately 6% resulted in nominal depreciation of commercial assets at the same rate. The nominal depreciation was compensated for by an increase in foreign currency translation reserve; · Total assets up 5.1% to US$777.3 million during the year to date (31 December 2011: US$739.6 million), of which 93% are property and land assets; · Shareholders' equity US$345.3 million at 30 September 2012, equating to 44% of total assets (31 December 2011: US$347.1 million); · Net leverage decreased to 41.3% of total assets (31 December 2011: 43.9%). In January 2012, the Company repaid the remaining balance of Shareholders' loans amounting to approximately US$6.4 million (including accumulated interest).

http://www.investegate.co.uk/mirland-dev-corp-plc-(mld)/rns/3rd-quarter-results/201211140700270532R/

N+1 Singer kept its "buy" stance on social housing company Mears (MER) with an increase in target price from 345p to 390p. The broker cites the acquisition of a "sizeable competitor", Morrison Facilities Services, for 24 million pounds as justification of the increase in its target. Although the company is currently loss making, the broker believes that management will turn the business around and deliver medium-term earnings. The shares remained flat at 302.25p.

Canaccord Genuity reiterated its "buy" stance on satellite technology company Pace (PIC) and increased its target price by 11% to 228p. The broker appreciates the way that the firm has reduced costs and has improved cash generation, as seen in the quarter 3 IMS. The company is raising its guidance again, after doing so in July, as it becomes clear that earlier concerns over supply issues hurting profits will not have the anticipated negative impact that was initially predicted. The shares dropped by 10.3p to 184.7p.

Seymour Pierce maintained a "buy" recommendation on Hangar8 (HGR8), the operator of privately owned passenger aircraft, with a target price of 200p. The broker was impressed with the firm's 331% year on year increase in EBITDA to 461,000 pounds for the nine months ended 30th September. As a result the broker believes that results will now be materially above market expectations for the full financial year. Seymour Pierce also noted the success of management's strategy of focusing on securing fixed-term charter contracts for its fleet and how it now has a better visibility of revenues as a result. The shares flew upwards by 35p to 176.5p

Investec still recommends to 'buy' shares in engineering consultancy AMEC despite some headwinds this year, after the company's third-quarter trading statement confirmed that growth is continuing in line with expectations. However, the broker said: "The stock currently trades on a sector average rating (11 times FY13E earnings) and c4% forecast dividend yield, but we see better EPS growth elsewhere in the sector."

Trakm8 CEO, John Watkins said: "There are many logistics packages for fleet managers that provide this kind of monitoring but usually with far too high a cost and complexity. The Trakm8 Dynamics is simple to use and inexpensively priced to provide the majority of the functionality to fleet managers for a fraction of the cost."

Trakm8 Launches Dynamics Enhancing fleet efficiency & customer service through intelligent real time tracking Trakm8 (AIM: TRAK), the designer and developer of licensed GPRS based hardware and software for the vehicle placement and security market, is pleased to announce the launch of an exciting new product called Trakm8 Dynamics. Trakm8 Dynamics monitors in real time fleet deliveries against a predefined delivery schedule to significantly enhance the efficiency of the fleet and service experienced by customers. An easy to use web interface shows the vehicle's current location, the proposed delivery points and anticipated times against the telematics derived predictions of actual delivery times. Drops that are in jeopardy of missing deadlines can be easily identified and defused by either rapid corrective action or instant notification to customers. An additional valuable feature is that the systems can be used to alert the customer via mobile phone by text when the delivery vehicle is a predetermined time away. This package can be used in conjunction with Trakm8's market leading Swift and ecoN fleet management solutions or as a completely independent system.

http://www.investegate.co.uk/trakm8-holdings-plc-(trak)/rns/trakm8-launches-dynamics/201211140700370417R/

Financial Highlights ¡ Revenue for the period up by 4.7% to RMB 82.8million (2011: RMB 79.1 million) ¡ Gross Profit for the period down by 15.4% to RMB 35.7 million (2011: RMB 42.2 million) ¡ Loss before tax for the period is RMB 4.0 million (2011: profit RMB 0.4 million) ¡ Cash at period end of RMB 20.1 million (2011: RMB 37.5 million)

http://www.investegate.co.uk/bluestar-secutech-(bsst)/rns/half-yearly-report/201211140700330727R/

Fidessa Group Buy 14-Nov-12 £31,845.00 John Hamer 2,500 @ 1,273.80p

Fidessa Group Buy 14-Nov-12 £132,997.46 Chris Aspinwall 10,441 @ 1,273.80p

After what has been a less-than-impressive year, the Chief Executive of FTSE 100 gold miner Randgold Resources, Mark Bristow, has underlined his faith in the company with the purchase of more than three million pounds worth of shares. Bristow, who has been CEO of Randgold since its incorporation in 1995, inflated his stake in the company, buying 45,000 shares at 6,799p each, a move which set him back a total of just under £3.06m. One week ago the company delivered a mixed production update, in which it revealed that third-quarter production fell back from the preceding quarter's record levels as the company suffered grid power supply problems at its Tongon mine and processed lower grades at Gounkoto.