Member Info for mulledwine

Gavin Lavelle, CEO, commented: "'Above all, our success can be attributed to the excellent service delivered by our employees as well as inspiring products reflecting market needs in a commodities market that remains exciting. Although trade in 2012 will undoubtedly be challenging and economic conditions volatile, I am delighted with the tremendous momentum that our business has gained, following the successful integration of our most recent acquisition, with record new sales, further strengthening our 150+ customer base." Continuing, he said, "As we grow and continue to drive momentum, we are confident of investor support to obtain an increase in scale, resulting in further advancements and a wider product offering for our customers."

Trading Statement Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the energy, metals and commodities sectors, is pleased to provide an update on trading performance for the full year to 31 December 2011. The Group expects to report revenue growth in 2011 of approximately 70%, ahead of market forecasts. On a like-for-like basis, adjusted for acquisitions in 2010, the Group achieved revenue growth of approximately 10%. Of highlight, the Group's recurring revenues increased by approximately 145% and represented approximately 52% of total 2011 revenues compared to 36% for 2010. The Group was pleased to secure 14 substantial new licence contracts in the year, compared to ten in 2010. The acquisition of Viz Risk Management AS, since renamed Brady Energy, in December 2010 has continued to trade ahead of expectations. The Group remains active in seeking further complementary acquisition opportunities and incurred transaction costs in 2011 relating to potential future acquisitions which will be treated as exceptional items. The Group has continued to invest significantly in its solution offering, routes to market and infrastructure in order to support the growth that has been achieved and the further growth that is anticipated. Despite continued investment, the Group expects to report EBITDA in line with market expectations, a growth of approximately 70%. The Group expects to report earnings per share and profit after tax and before exceptional items in line with market consensus forecasts. The Group continues to enjoy a strong financial position with net cash at 31 December increasing to £10.5 million, equivalent to 19 pence per share. The Group has no debt. As noted in the 2010 Annual Report, the Group sells its metal and physical commodity solutions under traditional term licences and its energy solutions under licence rental arrangements. The Group also recognises that a rental model provides higher quality of earnings with lower licence revenue risk, as well as potentially higher lifetime revenues from individual contracts. In consultation with shareholders, the Board has decided to undertake a phased transition to a licence rental model across the Group, commencing January 2012, for new licence deals.

http://www.investegate.co.uk/Article.aspx?id=201201160700265681V

ransition to SETS RedHot (AIM:RHM), a leading media, advertising and marketing business with distribution channels in both Malaysia and China, is pleased to announce that it has arranged to transfer the trading of the Company's ordinary shares of US$0.10 each (the "Ordinary Shares") from SEAQ to the SETS trading platform on the London Stock Exchange. This transfer will take effect from 8 a.m. on 16 January 2012. The Board of RedHot has decided to move the trading of its Ordinary Shares on AIM from SEAQ to the SETS electronic order book trading system. SETS offers multiple order types and market maker support, and is one of the most liquid electronic order books in Europe. The combination of this liquidity, market supervision and competing clearers ensures a fair and transparent market for investors. Cheong Chia Chieh, Managing Director of RedHot, commented: "We are pleased to have been able to move to a SETS trading platform which, as a Board, we believe will benefit the Company particularly as order book trading systems are better understood and more familiar to Asian-based investors" Non-UK investors wishing to trade in Ordinary Shares in RedHot should contact their stockbroker quoting the TIDM Code (RHM.L) and the ISIN Number (KYG7447W1087).

http://www.investegate.co.uk/Article.aspx?id=201201160700255630V

Martin Bralsford, Non-Executive Chairman commented: "The growth in sales for the financial year ended 31 December 2011 was exceptional and profit growth was strong, particularly in the light of expenditures incurred this year which will create future benefits. More important, in the current economic climate, I am delighted with the strength of our underlying business model demonstrated by the strong generation of cash in the year. As a result, the Group enjoys financial security and substantial resources to finance future growth opportunities. Management are to be congratulated on their success in delivering against the Board's strategic objectives and the progress made in meeting future growth objectives. The Group is in a strong position for the year ahead."

Change of status of director From 1 February 2012, John Byfield, who has been a non-executive director of the Group since April 2010, will become an executive director. His new role, as Corporate Development Director, will be to assist with the execution of the Group's acquisition strategy, looking specifically at businesses that add complementary brands or otherwise enhance the strategic objectives of the Group. Current trading and outlook The current order pipeline is materially better than at the same time last year benefiting from our recent marketing activities together with the ongoing returns from the successful delivery of some of our strategic objectives in 2011. Whilst benefiting from the success delivered by our own business development initiatives, we are witnessing an increasing international interest in the ownership of tangible assets, such as collectibles, as a means of storing and growing wealth. We also expect to continue to grow revenues derived from our websites in 2012 through continued developments. We see the internet and electronic communications to clients as progressively becoming our primary sales channel over time and believe the reputation of our brand combined with our offering in this respect will deliver market dominance in the future. As a result of the above, the Board is confident of a continued growth in sales and profits in 2012 and beyond.

http://www.investegate.co.uk/Article.aspx?id=201201160700255524V

AUCTION 62.50

and still she climbs

UBS has upgraded aerospace, defence and energy market engineer Meggitt from sell to neutral on the back of improving foreign exchange movements and a nascent business jet recovery in North America. The earnings per share forecast for 2012 is raised by 2.4% and for 2013 by 4.5%, translating to a higher target price of 365p (from 330p previously).

Credit Suisse has reassessed its view on cruise ship operator Carnival following the news that one of its luxury liners grounded off the coast of Italy at the weekend. The broker maintained its neutral rating on the stock but said that incident will be a "black mark on the cruise industry" as well as a negative headline for Carnival. Nevertheless, the broker says that while investors may want to avoid the stock in the near-term, it is still positioned for the long-term. The "near-3% dividend yield and history of returning capital through buybacks should provide a backstop for the stock". The 2,285p target price was unchanged.

Development Notwithstanding the difficult trading, the Group is encouraged by the development activity within DCC Energy in the financial year to date. The recently completed acquisitions of Pace Fuelcare Ltd and certain oil distribution assets previously owned by Total were very important steps in the continuing development of DCC Energy's oil distribution business in Britain. While these businesses are expected to make only a modest contribution to operating profit in the year to 31 March 2012, they will make an important contribution once integrated. On 20 December 2011, DCC announced that it had conditionally agreed to acquire Swea Energi in Sweden for an initial consideration of €23 million, which will significantly extend DCC Energy's oil distribution business in Scandinavia. DCC SerCom's Retail distribution business has recently extended its range of customer services in the home entertainment market through the acquisition for a modest consideration of Ztorm AB, a provider of digital media distribution services based in Sweden. In total the Group has committed expenditure of €29 million on bolt-on acquisitions since 30 September 2011, bringing the total acquisition expenditure committed in the financial year to date to €149 million. In addition, the Group incurred capital expenditure of €23 million in the quarter ended 31 December 2011, compared to €35 million in the same quarter in the prior year. Group Prospects DCC remains in a strong financial position and continues to pursue a range of development opportunities. The Group anticipates a return to growth in the financial year to 31 March 2013. Preliminary Results DCC expects to announce its preliminary results for the year to 31 March 2012 on Tuesday 15 May 2012.

Outlook for the Year to 31 March 2012 Whilst it is still early in the Group's important final quarter to 31 March 2012, temperatures have so far remained seasonally mild. The absence of any sustained cold weather this winter along with the difficult economic background and high oil prices are likely to continue to impact adversely both volumes and margins for energy products in the quarter. As a result DCC now estimates that the operating profit of DCC Energy for the year to 31 March 2012 will be in the range of €75 million to €90 million. The Group's view on the full year outlook for DCC SerCom, DCC Healthcare, DCC Environmental and DCC Food & Beverage remains overall in line with market consensus estimates. On a reported basis and assuming an average exchange rate for the year of Stg£0.865 = €1 (compared to Stg£0.880 = €1 at the time of the previous guidance on 8 November 2011), DCC now expects Group operating profit for the year to 31 March 2012 to be in the range of €175 million to €190 million (compared to the Group's previous guidance of approximately €212 million) and reported adjusted earnings per share to be in the range of 155 cent to 170 cent (compared to the previous guidance of approximately 188 cent).

Weak Demand in DCC Energy Reduces Full Year Outlook DCC plc, the sales, marketing, distribution and business support services group listed on both the Irish and London stock exchanges, is issuing this Interim Management Statement in accordance with the reporting requirements of the Transparency Regulations 2007. Third Quarter ended 31 December 2011 The third quarter of its financial year is an important trading period for the DCC Group and in particular for its two largest divisions, DCC Energy and DCC SerCom. Weak demand for the Group's energy products resulted in Group operating profit for the quarter being further behind the prior year than had been anticipated. Weather conditions in Northern Europe in the quarter were exceptionally mild in contrast to the very cold weather in the same period in the prior year. Continuing the trend of exceptionally mild weather experienced since January 2011, the average monthly temperature in the UK (DCC Energy's largest market) for the quarter to 31 December 2011 was the warmest on record (while the same period in the prior year was the coldest on record). This prolonged period of exceptionally mild weather together with the continuing difficult economic conditions and high oil prices (on average the price of Brent crude was 27% higher than in the same quarter in the prior year) resulted in overall volumes in DCC Energy being 12% behind the prior year on a like for like basis. Heating related volumes were approximately 22% behind. The substantially weaker demand in a very competitive market negatively impacted gross margins and these factors, together with the effect of a predominantly fixed operating cost base, had a significant impact on DCC Energy's profits in the quarter. Revenues and profits in DCC SerCom, DCC's second largest division, were strongly ahead of the prior year, reflecting acquisitions completed in the prior year and strong organic growth, notwithstanding a weak home entertainment market in the UK. Overall trading in the balance of the Group - DCC Healthcare, DCC Environmental and DCC Food & Beverage - in the quarter was, as expected, in line with the prior year.

http://www.investegate.co.uk/Article.aspx?id=201201160700235989V

Professor Greensmith commented, "The data from this genetic model of ALS are very encouraging and, taken with the data from the other models of ALS in which it has been tested, indicate that Cogane has significant potential as a therapy for ALS and merits further evaluation." Mr Tim Sharpington, CEO, Phytopharm, said, "These results are very encouraging as we set a difficult challenge in this study by looking for efficacy in a severe, end-stage disease model. We have established an impressive set of data for CoganeTM in a broad range of neurodegenerative disease models, including Parkinson's and Alzheimer's disease as well as ALS. There is a major unmet need and substantial commercial opportunity for new therapies which can delay or halt the progression of these diseases. We look forward to receiving more data on Cogane™ as we complete our ongoing clinical study in Parkinson's disease."

Cogane™ demonstrates positive results in Amyotrophic Lateral Sclerosis study Phytopharm plc (PYM: London Stock Exchange) ("Phytopharm" or the "Company") today announces preliminary data indicating that Cogane™ has demonstrated efficacy in a genetic preclinical model of amyotrophic lateral sclerosis (ALS). The study was performed in a model that has a mutation in the SOD1 gene (SOD1G93A); mutation of the SOD1 gene is a known cause of ALS in humans. In this study Cogane™ was administered orally for 50 days, commencing after ALS‑type symptoms were manifest. This is therefore considered to be a model of severe, late-stage ALS. Main findings: · Administration of Cogane™ resulted in a 30‑50% improvement in muscle strength in one muscle type compared to both the untreated control group and a group treated with riluzole (currently the only product marketed for the treatment of ALS). · Treatment with CoganeTM also resulted in an increase in the number of motor units (a measure of functional motor neurones) compared with both the untreated and riluzole treated control groups. · Treatment effects were less clear in a second muscle type which was more severely damaged in the model, though the group treated with Cogane™ again showed an improvement in strength compared to the riluzole treated group. These are preliminary, headline results and the full results from the study, including histopathology data, will be published in due course. These results support those reported previously by Phytopharm in which Cogane™ showed benefit in an environmental (toxin-induced) model of ALS, in a progressive motor neuropathy model and in a nerve crush model. Collectively the results from these four different models of ALS provide strong support for the utility of Cogane™ in the treatment of this condition. ALS, also known as Lou Gehrig's disease, is the most common form of motor neurone disease, a neurodegenerative disease with limited treatment options and poor prognosis. It is characterised by progressive loss of both lower (spinal cord and brain stem) and upper (cerebral cortex) motor neurones, which leads to severe muscle weakness and wasting, followed by paralysis and death, generally caused by respiratory failure. There is an urgent need for the development of new approaches to this devastating condition. Phytopharm has obtained orphan drug status in Europe and the US for Cogane™ in ALS. This study was performed by the group of Professor Linda Greensmith, University College, London, with the financial support of the Motor Neurone Disease Association, a UK based charitable organisation.

http://www.investegate.co.uk/Article.aspx?id=201201160700315810V

nterim Management Statement Superglass Holdings PLC, the UK's leading independent manufacturer of glass mineral fibre insulation products will hold its Annual General Meeting at 10.00am today at which the following statement will be made by Tim Ross, Chairman of Superglass. This comprises the Group's Interim Management Statement for the period from 1 September 2011 to 16 January 2012. "Trading in the year to date is in line with management expectations. Results in the early part of the financial year were impacted by the uncertainty surrounding the Group's financial position but, following the successful completion of the recapitalisation on 2 December 2011, the Company now has the balance sheet strength to implement its restructuring and strategic development plans. There were encouraging signs of improvement in CERT activity towards the end of the first quarter, and recent, more attractive offers from energy suppliers to stimulate demand are welcome. However, we remain cautious about this market channel and continue to work on broadening our routes to market. In new build construction our sales have grown significantly in the last two years. Activity in this segment slowed in the first quarter and our aspiration for the year is to consolidate historic gains. Input cost pressures continue with energy costs rising significantly during the period. We will have a clearer picture on trends in sales pricing when we report our interim results. Early progress on our investment programme is in line with the project brief, with the planning stages already substantially completed. Completion of the full programme is scheduled for March 2013 and will deliver operating cost savings of up to £3.6m which will start to impact meaningfully in the 2012/13 financial year. Now that the Company's financial position has been secured, and having served as chairman since IPO in 2007, I intend to step aside as soon as a new chairman has been identified. I anticipate that the Board will be in a position to announce my successor in the next few weeks. "