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Big Yellow Group: Peel Hunt maintains buy recommendation and 297p target

http://sharecrazy.com/beta/Tips/6450/allied-gold-strong-buy-at-156p-with-a-312p-target-price

From past performance there could be an 'easy' 20% rise on the SP from here

CASTINGS As its name suggests, this company makes castings that are subsequently machined into components, such as differentials and steering knuckles for trucks, tractors and cars. It exports 60% of its sales to companies such as Scania, DAF and BMW. Castings remained profitable through the recession and emerged stronger from it, so its shares are not as cheap as they were. It's trading at a reasonable 1.5 times book value and it typically earns a 13% return on equity. But Castings is a financial fortress, so maybe it's one to watch, and buy if the market falters and short-sighted investors sell. Source moneywise

AUTOLOGIC Judging by its financial performance over the past two years, vehicle transporter Autologic appears to be turning itself around. Chief executive Avril Palmer-Baunack says the company's prolonged restructuring is complete and, amid miserable conditions in the industry, it's profitable once again and receiving income from a more diverse range of services. The share price, however, continues to decline slowly. Ultimately, the lie behind one of these two trends will be revealed. My money is on Palmer-Baunack and finance director Andrew Somerville to complete the turnaround, as they did at Universal Salvage in 2007, but I'd be even more confident if their money was on Autologic - neither owns shares. source - Moneywise.

Nicando Durante, Chief Executive of British American Tobacco, has topped up his share in the FTSE 100-listed firm. The announcement comes just one day after Credit Suisse identified the firm as being one of several which met a “new gold standard”, saying they offered “better value and greater safety than sovereign debt”. “We continue to believe that a new asset allocation class develops,” said analysts. The broker added that these stocks are relatively lower risk than governments as they have credit default swap spreads below the average of the Group of Seven (G7) countries.

ames Gibson, Chief Executive Officer, commented: "Given the current uncertain economic and consumer environment, the reported year-on-year improvement in revenue and occupancy performance is a pleasing result. Indeed, move-in activity in the wholly owned store portfolio was up 15% on the same quarter last year, reflecting an improvement in both domestic and business activity. We typically see a return to occupancy and revenue growth in the quarter to March. January has started positively, both in terms of reservation numbers and occupancy growth. We remain committed to our stated medium term objective of growing cash flow and earnings, and look forward to our seasonally stronger spring and summer trading period."

http://www.investegate.co.uk/Article.aspx?id=201201110700083327V

Trading Update Yule Catto & Co plc ("Yule Catto" or the "Group"), the international producer of speciality chemicals, today issues a trading update ahead of its preliminary results announcement for the year to 31 December 2011. Profitability has remained very much in line with the Board's expectations at the time of the third quarter interim management statement. Along with most of the chemical sector, the Group has seen further reductions in demand in the fourth quarter. Following the modest volume reductions reported for the third quarter, percentage volume declines in the fourth quarter have been in the mid teens. These volume declines have been largely offset by continued margin management. Net debt has fallen substantially with lower working capital requirements and proceeds from the sale of the Pharma division. Year end net debt is expected to be comfortably below £200M. Synergy delivery from the acquisition of PolymerLatex continues to progress well and to plan. The Group exited the year with an annualised run rate of £15m, and remains on track to deliver the planned annual synergies of at least £20m in the second 12 months post acquisition. The Board expects the impact of these synergies to add some £14M of profit in 2012 compared to 2011. The Board expects full year underlying profit before tax to be in line with current market expectations. The Group expects to announce its 2011 full year results on 14 March 2012.

http://www.investegate.co.uk/Article.aspx?id=201201110700093366V

As previously reported to shareholders, drill results to date continue to confirm the resource and geological model with approximately 99% of the drill holes intersecting gold mineralisation. Drilling will now focus on exploration drilling at the Gibraltar resource and along strike to the south along the Bullabulling Trend, with the aim of discovering additional near surface mineralisation. The Joint Venture is also pleased to report that 2 D seismic and aero-magnetic data acquisition have been completed over the entire Bullabulling Trend. Acquisition of gravity data is planned in January, which will be used with the magnetic and seismic data to develop a 3D geological model of the Bullabulling Trend for targeting high grade mineralisation at depth.

Bullabulling Gold Project Completion of Phase II Resource Drilling Programme GGG Resources Plc (AIM: GGG, ASX: GGB) and Auzex Resources Ltd (ASX:AZX) are pleased to report that they have completed the Phase II infilling drill programme at the Bullabulling gold project near Kalgoorlie in the eastern goldfields of Western Australia. The Phase II drill programme commenced on May 14 and was completed on schedule on18 December 2011. Under Phase II, a total of 425 holes were drilled for a total of 74,452m.The Joint Venture now awaits the results from the assays which are expected in between four to six weeks' time. Resource estimation work has commenced and will be completed once all the results are received. Phase II drilling has focused on infilling of the areas between Phoenix and Bonecrusher pits, and has been at a drill spacing that will allow for a substantial portion of the 1.9 million ounces of Inferred resources reported in the last resource estimate (announced on 12 August 2011) to be reclassified to the higher Indicated resource category. The current report JORC compliant mineral resource is 78,836,000 tonnes at 1.03 g/t Au (2.60 million ounces contained gold) at a 0.5 g/t Au cut off, of which 711,000 ounces are in the Indicated category.

http://www.investegate.co.uk/Article.aspx?id=201201110700093374V

Oriel Securities initiates sell Talk Talk Telecom, target price 120p

Espirito Santo downgrades AGA Rangemaster Group from buy to neutral, target price cut from 100p to 75p.

Outlook Rathbones is cautiously optimistic about the prospects for 2012 with the UK equity market ending 2011 on a more positive note. There is no doubt that the uncertainties over Europe persist but this is balanced by indications that the economic environment is showing small signs of improvement, particularly in the USA. Rathbones will continue investing to consolidate its position as a leading provider of high-quality, personalised discretionary investment management services. Notice of Results Rathbones will issue its preliminary statement of annual results for the year ended 31 December 2011 on Tuesday 21 February 2012. Results are anticipated to be in line with expectations.

Trading Update Rathbone Brothers Plc ("Rathbones"), a leading provider of discretionary fund management and wealth management services for private investors, charities and trustees, announces that: Total funds under management as at 31 December 2011 were £15.85 billion, up 1.4% from £15.63 billion as at 31 December 2010. Funds managed by Rathbone Investment Management Limited were £14.76 billion as at 31 December 2011, up 1.2% from £14.59 billion as at 31 December 2010. This compares to a 5.6% decrease in the FTSE 100 Index and a 2.8% decrease in the FTSE APCIMS Balanced Index over the same period. The underlying annualised rate of net organic growth in funds under management in Rathbone Investment Management Limited was 5.4% in the year ended 31 December 2011 (2010: 5.3%). Acquired inflows of funds under management into Rathbone Investment Management Limited totalled £0.31 billion in the year (2010: £0.60 billion) which when added to net organic growth represents a net annual growth rate of 7.5% (2010: 10.2%). The FTSE 100 Index ended 2011 at 5572 (2010: 5900) making the average index 5663 on quarter end billing dates in 2011 (2010: 5528). Cash held in client portfolios was £0.9 billion as at 31 December 2011 (2010: £0.8 billion). Funds managed by Rathbone Unit Trust Management Limited rose to £1.09 billion as at 31 December 2011 from £1.04 billion as at 31 December 2010, an increase of 4.8%. Total net fund inflows were positive each month in 2011, totalling £35 million in the fourth quarter of 2011 and £97 million for the full year.

http://www.investegate.co.uk/Article.aspx?id=20120110070017H6149

In order to increase its presence in the African market, drinks producer Diageo (DGE) has bought Ethiopian brewer Meta Abo Brewery Share Company for 225 million dollars (145.4 million pounds). The target is the country’s second largest beer company by volume, holding a 15% share, and will provide a complement to Diageo’s premium spirits business. The firm noted that it has invested over 1 billion pounds in Africa over the last five years and will continue to look for attractive acquisition opportunities. The shares were flat at 1,416p.

Nick Blazquez, President, Diageo Africa, said: "Gaining access to this exciting beer market is part of our strategy of participating at scale in beer and spirits in growth markets in Africa, and I am delighted that we are able to announce the completion of this acquisition. Meta is a strong national brand that has great heritage in Ethiopia. We will invest behind the sustainable growth of the brand, the business and the wider communities in Ethiopia. "Over the past five years, Diageo has invested more than GBP 1 billion in building its businesses in Africa, and we will continue to look at opportunities to expand our footprint, grow our brands and secure strong routes to market."