Member Info for mulledwine

http://www.iii.co.uk/articles/22367/stock-watch-dominos-pizza-poland

Panmure Gordon reiterates buy on Dolphin Capital Investors, target price unchanged at 83p

S&P Equity Research reiterates sell on BAE Systems, target price cut from 250p to 240p.

Panmure Gordon reiterates buy on 888 Holdings, target price unchanged at 60p.

Trading Update 29 December 2011 The board of EPE Special Opportunities plc ("ESO plc") notes the recent press speculation regarding Past Times Holdings Limited ("Past Times"). The board confirms that the investment in Past Times (held via ESO Investments 1 LP, a limited partnership in which ESO plc is the majority partner) is under review. The outcome of the review is not expected to have a material impact on the Net Asset Value ("NAV") of ESO plc (last release date 30 November 2011 at 84.63p). The next NAV will be released for 31 December 2011, along with a fuller trading update, in early January 2012. The remainder of the portfolio is trading broadly in line with or ahead of expectations. The only other retail sector investment, Whittard of Chelsea, is trading well and has made significant progress since 2010, demonstrating like-for-like sales growth of 3% in UK retail, 52% internationally and 37% online.

http://www.investegate.co.uk/Article.aspx?id=201112290700166925U

28/11/2011 Consumer finance company MCB Finance Group (MCRB) explained trading since June had remained strong, with further lending growth pointing towards improved profitability in the second half of the year. The company added that principal lent in the six months since June had been 65% ahead of the same period in 2010, and is the result of increased marketing visibility and a significant increase in website visits and conversion rates. Overall, for the 12 months to 31st December, the group expects net income levels to be slightly ahead of expectations. MCB shares surged 8.5p to 47.5p.

Russia steelmaker Evraz (EVR) has secured a 610 million dollar five-year credit facility for its US and Canadian subsidiary Evraz NR, the funds of which will be used to re-finance the existing facilities. Some proceeds will also be used for working capital requirements and for other corporate purposes. Amounts drawn under the facility will bear interest at floating rates of between 1.5% and 2% over LIBOR, which compares favourably to the existing agreement.

Outlook We are on the edge of increasing our gas sales substantially to around 34 mmscf/d in 2012 and the decision by RRVUNL, the State Electricity Company in Rajasthan, to sanction another 160MW expansion, beyond 270 MW already commissioned/under construction, shows ongoing strength of the gas sales market in India. Conceptual work is also ongoing regarding alternative gas monetisation routes which would be adaptive to the evolving gas production potential within the Block. As outlined in September we have an aggressive drilling and testing programme in place, complemented by growing production and revenues which provide a solid basis for the development of the Company in 2012.

Financials Revenue in the six months period grew to US $ 3,583,851 from US $ 215,407 during six months period last year, reflecting gas sales under the Take or Pay sales contract with Gail throughout the period. Revenue will increase again in FY2012-2013 with the ramp up of contracted gas sales from approximately 7 mmscf/d to approximately 34 mmscf/d. We shall be repaying debt on the original US $110m facility through FY 2011-2012 & FY 2012-13 while drawing additional debt so we expect to see further increases in interest expenses. As of the 30th September 2011, we had outstanding long term bank debt of US $85.1 million which had primarily increased due to further expenditure on the SGL assets. Since September 2011, we have repaid a further US $3.93m in line with the amortisation schedule. Current year repayments have been financed by Gynia Holdings Ltd., a substantial shareholder of the Company. Based on expected gas sales during FY2012-2013 and financial support commitment from Gynia Holdings Limited, the Company is expected to meet all its financials obligations for next 12 months.

Production - SGL Field SGL field is currently producing around 7 mmscf/d as part of Phase I development. Ongoing production, sales and realization of revenues remained satisfactory. As part of our long term development plan for SGL, we have drilled 4 additional wells to enable us to expand gas sales to around 34 mmscf/d as part of Phase II development. Over the field life, during next 12 years, we shall expand the well count to at least 14 in order to meet contract sales volume and to optimize the depletion of the SGL reserves. Phase II field development is progressing smoothly. Many of the critical equipment ordered for Phase II development have been received at site, while remaining equipment are in the process of completion and testing at US/India based manufacturing facility of the Suppliers. We expect Phase II development to be completed by end of Q1, 2012. Once completed, part of the processing facilities will have capacity for production ramp up beyond currently contracted 34 mmcf/d. Our flexible approach to the build of the Company's processing facilities and the ability to expand in a modular way should enable us to offer a timely enhanced gas supply arrangement (subject to commercial terms) to the approved expansion of the Ramgarh power plant by 160MW as part of its Phase III development. It remains however an objective of the Company to diversify the offtakers of gas from the Block. Consideration of alternative commercial solutions is ongoing and closely follows exploration and appraisal success on the Block. Drilling, Seismic and Completion Operations Drilling activities over the last year or so has followed multiple objectives being a) the drilling and completion of additional production wells for SGL as planned, b) further appraisal drilling in the Pariwar and B&B formations covering as large area as possible and c) establishing tight gas recovery potential in addition to conventional gas discovered in the Pariwar and B&B formations. In order to establish a larger area as a development area, the focus has been largely on drilling new wells across the Block at the expense of testing to accommodate rig and other resources availability. We shall continue to improve our well coverage across the Block till the end of the appraisal period in 2013 but we shall be increasing the amount of rig time dedicated to testing ahead of a planned CPR in 2012.

Interim Results Indus Gas Limited (AIM:INDI.L), an oil & gas exploration and development company with assets in India, is pleased to report its interim results for the six month period ending 30 September 2011. Highlights: · SGL Field Development; o Gas production, sales and contract performance of Phase I of SGL continues satisfactorily. o Phase II production ramp up expected to be completed by Q1 2012 o Discussions with GAIL for additional gas supplies. · Ongoing appraisal drilling and testing continues as detailed earlier announcements. · Sufficient funding for ongoing operations - in principle sanction from existing lenders for enhancement of $110mn debt facility by additional $40mn on terms better than earlier $110mn debt facility. Expected to commence negotiation for facility documentation with the Lenders shortly.

http://www.investegate.co.uk/Article.aspx?id=201112290700197036U

Commenting on this announcement, Duncan Baxter, Chairman of Highland Gold, said: "With the Novo transaction we are seizing the opportunity presented by favorable base and precious metal market conditions. The Novo project is an efficient and profitable operation that we know well and will provide an immediate positive impact to our annual production and reserves base."

Highland Gold announces that it has successfully closed the Novoshirokinskoye deal 29 December 2011 - Further to the announcement made by the Company on 23 November 2011, Highland Gold Mining Limited ("Highland Gold" or the "Company") is pleased to announce that the transaction between Stanmix Holding Limited (a wholly owned subsidiary of the Company) and its joint venture partner LLP Kazzinc ("Kazzinc") for the acquisition of Kazzinс's 48.3% share in the Open Joint Stock Company Novo-Shirokinskiy Rudnik the owner of the Novoshirokinskoye mine ("Novo") has completed following approval by the Russian anti-monopoly authorities. This acquisition will result in the Company's stake in Novo increasing to 96.6%. Stanmix Holding Limited will shortly notify the remaining minority Novo shareholders of their right to redeem the 3.4% of the voting shares owned by them. Highland Gold acquired the Kazzinc 48.3% share in Novo for US$47.5 million and US$62.5 million as repayment of Kazzinc's share of intercompany debt. The acquisition and the repayment were financed through the Company's existing cash reserves. Novo is located in the Zabaikalsky region of Russia. The processing plant was commissioned in October 2009 and produced 59,403 ounces of gold and gold equivalents during 2010. Revenue over the same period was US$70.8 million and profit after tax was US$36.6 million, excluding impairment reversals (in each case, representing a 100% ownership share of Novo). The acquisition will increase Highland Gold's current gold and gold equivalents production by an estimated 16%, in addition to improving the proven and probable reserve base (JORC compliant) by approximately 800,000 ounces of gold and gold equivalents. Under the terms of the transaction, the existing offtake arrangements with Kazzinc will continue throughout 2012 and the Company expects to renegotiate the offtake agreement after that period. Novo's existing management team will remain in place and continue to receive ongoing assistance from Highland Gold's Moscow office.

http://www.investegate.co.uk/Article.aspx?id=201112290700166908U

afootsy - you could be correct but I trend in the other direction with HAIK - it moves fast and large on good news - so Im going with decent figures / news on next RNS and a decent percentage rise from here HOWEVER I concede that if the news is bad the market will not think twice about hammering it big style - there seems to be no happy medium with SP movement here. My money is on a rise.

Update on Uralkali Buyback Programme Uralkali (LSE: URKA) announces that pursuant to Uralkali's buyback programme announced on 7 October 2011, the following purchases of Uralkali's shares and GDRs were made during the week from 19 December through 23 December: · 11,575,000 shares at an average price of USD 7.41; · 1,399,000 GDRs at an average price of USD 37.09. Therefore, since the start of Uralkali's buyback programme the securities at the total price of USD 349 million have been purchased.

http://www.investegate.co.uk/Article.aspx?id=201112280703596563U

Nice little resume of Company Uralkali (www.uralkali.com) is one of the world's largest potash producers with a market share of about 20%. The Company's assets consist of 5 mines and 8 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Territory, Russia). Uralkali employs over 23,000 people. Uralkali's shares and GDRs are traded on the LSE, RTS and MICEX.