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Court decision on Anatoly Lomakin's claim Uralkali (LSE: URKA) has been informed that on 27 December 2011 the Perm Territory Arbitration Court sustained the claim of Anatoly Lomakin, a former shareholder of Silvinit. The court ruled out to claim jointly from CJSC "Computershare Registrar" (registrar of Silvinit's shares) and Uralkali (Silvinit's successor) approximately RUR 1.7 billion as compensation for the damage caused by illegal writing off of Silvinit's shares owned by Mr. Lomakin. In January 2011 Anatoly Lomakin filed a claim against CJSC "Computershare Registrar" and Silvinit on illegal writing off of 61,980 Silvinit's ordinary shares that he owned. According to Mr. Lomakin's claim, these shares were written off his personal account as a result of fraud actions by an unknown person. Mr. Lomakin assessed the damage from illegal writing off of shares as approximately RUR 1.7 billion. Uralkali will consider further actions after receiving the complete text of the decision made by the Perm Territory Arbitration Court.

http://www.investegate.co.uk/Article.aspx?id=201112280715546566U

Recent Developments In September, shares in the company lost around a third of their value in just 2 weeks. This was in reaction to a report from maverick journalists, Anonymous Analytics, which highlighted the company's link with Chinese business Chaoda Modern Agriculture. Anonymous claims that Choada has misled shareholders on a number of issues and has committed several fraudulent acts. This did not go down well in the markets due to the fact that Choada is a 13% shareholder in Asian Citrus, the company buys fertiliser from Choada and one of Choada's executive directors, Ip Chi Ming, is a non-executive director of Asian Citrus. Asian Citrus reacted by releasing a lengthy document in response to a number of questions raised on the back of the report. The main points were that the fertiliser contracts are done on an arms-length basis and that Ip Chi Ming does not participate in the daily management of the company - and since he is one of 11 directors he can not exert undue influence. In a further move to improve its corporate governance standards Asian Citrus has since decided not to renew its fertiliser supply agreement with Chaoda when it expires on 30th June next year. This is not expected to have an impact on the finances as sufficient organic fertilisers can readily be sourced from other independent suppliers. Overall, while Ip Chi Ming remains a board member, we believe that Asian Citrus has dealt with the situation well, showing that it is willing to discuss contentious issues with the markets and is committed to improving its corporate governance. Recommendation The current financial year is set to be another record breaker, with the firm being very well positioned to take advantage of a growing demand for oranges and other fruit based products. The market for fresh fruit in China continues to grow at an astonishing rate as the population draws ever closer to 1.4 billion and as the economic development of the country sees a widening, health conscious, middle-class consumer base. For this reason, fresh fruit prices are destined to continue the trend recognised over the past few years, increasing at a rate double that of inflation. In addition, the group's strong cash position and debt free balance sheet allows for significant investment in continued expansion, through the purchase of new land to increase orange production and the acquisition of smaller competitors and potential synergetic companies. Stripping out gains from biological assets, the underlying historic price-to-earnings ratio is around 6 times at current exchange rates, hardly a demanding rating for a solid growth company. Broker Seymour Pierce holds a 90p price target on the group, and expects earnings per share to grow by 15% this year. Furthermore, the 0.15 RMB (1.4p) dividend offers a useful 4.1% yield. BUY.

Buy Asian Citrus at 33.75p say the team at Small Cap Shares Asian Citrus was first tipped in the newsletter at 15.4p back in February 2009. The firm has made great operational progress since then and has managed to maintain its position as the largest supplier of oranges in China. Its flagship assets are the Hepu and Xinfeng plantations, which between them have nearly 3 million orange trees. The firm recently began work on constructing and planting on a third plantation in Hunan province, where 1.8 million orange trees are to be planted, with the first harvest expected in 2014. Since our original tip Asian Citrus has also expanded its operations into the concentrated juice market after buying Beihai Perfuming Garden Juice in November last year. Financials Results for the year ended 30th June 2011 once again broke all records. Revenues for the period rose by 73.9% to 1.41 billion RMB (£136 million), boosted by the acquisition of Beihai, an increase in the number of orange-bearing trees to 2.7 million and an appreciation in the average selling price of oranges of 10%. Pre-tax profits rose by 90.9% to 1.12 billion RMB (£108.2 million), boosted by a 589 million RMB (£56.5 million) increase in the value of biological assets and an improvement in gross profit margins. The final dividend remained at 0.1 RMB and combined with the interim dividend and a 0.03 RMB special payment represents a 25% increase to 0.15 RMB (1.4p per share). Cash and cash equivalents rose 128% to 2.2 billion RMB (£218 million) and the firm was practically debt free at the period end.

Actually might have to agree with this tip

CONT Assessment We share the view with management that the media packaging sector will continue to see a decline in demand. The move towards other lines of business looks to be the way forward, and with the acquisition of Interpack, a profitable company, this is already taking shape. It is good to see that the board is confident of utilising production capacity, and crucially, we can expect to see improved margins should this develop. House broker XCAP is looking for pre-tax profits of £1.54 million for the year to April 2013, which if achieved would make the shares look very cheap indeed. With a 1.2p per share dividend being pencilled in for 2012 the shares also offer a huge 8.6% yield. We believe that the shares are worthy of a buy.

Buy Coral Products at 14p says AllNewIssues.com In our opinion one of the best IPOs of 2011 came from the AIM tiddler Coral Products. The injection-moulded plastics manufacturer joined the market on 6th September, raising £1.8 million (£1.3 million net). These funds were used to part pay for the £3 million consideration to acquire Interpack, a reseller and distributor of plastic containers to the food manufacturing sector. The company moved to AIM from the main market, upon which it was listed on since 1995. This was following a decline in revenues in recent years which saw the group report recurring losses. At the current price of 14p per share the company's market capitalisation stands at £5.34 million. Operations The combined group operates two lines of business; a manufacturer of media packaging and recycling containers, as part of its original business, and the reselling of plastic food packaging to small food producers, under the Interpack business. Media packaging, such as CD and DVD cases make up a significant proportion of Coral sales. The company sells industry standard DVD cases designed for single or multiple DVDs, and is the sole licensee in the UK and most of Europe for the supply of cases fitted with the Red Tag anti-theft security system. Customers for these products include the likes of Sony and Technicolor. Recycling containers manufacturing is a growing operation for the company, with a range of different container sizes available for items such as used batteries and food waste. The company also offers a bespoke service, where customers can supply moulds to Coral, which are then incorporated into existing machines to produce the desired product. Interpack resells and distributes a range of approximately 300 plastic products which are manufactured by third parties. Products include hinged lid containers, buckets, confectionery, food containers and tamper-evident pots. While larger food producers tend to buy directly from manufacturers, Interpack's customer focus is primarily smaller producers who do not purchase sufficient quantities to buy directly from manufacturers. Financials The company's first set of results on AIM were good, showing group sales up by 26% at £8.66 million in the six months to 31st October and an underlying operating profit of £115,000. Coral was positive on its performance, saying that trading had been strong in media packaging, with DVD sales above expectations. In the three months prior to the results being announced, orders from a further five local authorities for the supply of recycling containers had been received. The firm expects to announce a dividend payment for the full year. Assessment We share the view with management that the media packaging sector will continue to see a decline in demand. The move towards other lines of business looks to be the way forward, and with the acquisition of Interpack, a profitable company, this is al

lobaltrans announces a framework contract for the delivery of 5,000 railcars Globaltrans Investment PLC (the "Company" and together with its consolidated subsidiaries "Globaltrans" or the "Group"; LSE ticker GLTR) announces that it has signed a framework contract for the delivery of 5,000 gondola cars in 2012. The first 1,000 gondola cars under this contract will be delivered by the end of the first quarter 2012. The contract also allows for the purchase of up to a further 4,000 railcars subject to supplementary agreements. Separately, the Group has contracted for a further 250 gondola cars which will also be delivered by the end of the first quarter 2012. These contracts follow the announcement on 15 December 2011 that the Group had contracted for 1,500 gondola cars to be delivered by the end of February 2012. This means in aggregate, the Group has now contracted for a total 2,750 gondola cars. These contracts all form part of the recently announced CAPEX program to purchase up to 10,000 gondola cars by the end of 2012.

http://www.investegate.co.uk/Article.aspx?id=201112280700236554U

Eric Peacock, Chairman of Baydonhill, commented: "Following the strategic changes of late 2010 the company has made good progress in developing a higher quality of earnings from core revenues. The Company is seeing continued growth from new business and is looking to expand its sales operation in the New Year".

Interim results for the six month period ended 30 September 2011 Baydonhill makes good progress following strategic changes within the business. Baydonhill, the corporate and retail foreign exchange provider, announces its interim results for the six month period ended 30 September 2011. HIGHLIGHTS · Results represent the impact of the strategic changes made in the fourth quarter of 2010 and announced previously. Underlying Private Client and Corporate business continues to perform well in challenging economic conditions · Gross profit (foreign exchange commission after affiliate commission and bank charges) before exceptionals down to £2.5 million from £3.0 million while administrative expenses fell to £2.49 million from £2.9 million · Operating profit before exceptional items (to reflect mark-to-market adjustment of forward contracts in compliance with IAS 39) of £20,081 (2010: £180,659). Pre-tax loss of £147,598 (2010: profit of £91,244)

http://www.investegate.co.uk/Article.aspx?id=201112280700206272U

Afferro signs definitive sale and purchase agreement to divest interest in the Putu Iron Ore Project for a minimum of US$115 million cash consideration Further to the announcement of 12 December 2011, Afferro Mining Inc. ("Afferro" or the "Company"), a TSX-V / AIM listed exploration and development company is pleased to announce that Afferro and its wholly owned subsidiary, Mano River Iron Ore Holdings Limited ("Mano"), have entered into a definitive Sale and Purchase Agreement (the "SPA") with Lybica Holdings B.V. ("Lybica"), an affiliate of ZAO Severstal Resources ("Severstal"), for the sale of its 38.5% interest in the Putu iron ore project in Liberia ("Putu") (the "Transaction"). Lybica currently holds the remaining 61.5% interest in Putu. Transaction Key Terms: · Afferro to receive a cash payment of US$65 million on completion; · Afferro's right to request a deferred payment of US$50 million cash; · Potential additional consideration should Putu be sold to a third party; · Afferro released from any further capital contribution to fund Putu from 1 January 2012; · Transaction subject to shareholder and regulatory approvals; · Funds will be used to accelerate the Company's development strategy for its 100% owned Nkout iron ore project in Cameroon; and · Proceeds will enhance Afferro's negotiating position in attracting a strategic partner for Nkout.

http://www.investegate.co.uk/Article.aspx?id=201112280700216330U

The Company hereby notifies that on December 22, 2011 the Company, through its subsidiary Frutarom (USA) Inc., signed an agreement for the loan of 45 million dollars for a period of 13 months, with interest of LIBOR + 1.25% (the "Loan") with a banking corporation, to be made available to the Company on January 2, 2012. The Loan was taken for the purpose of financing the acquisition of 100% of the share capital of Flavor Systems International Inc., and replaces a short term loan the Company took for interim financing. According to the above loan agreement, interest will be paid at the beginning of each calendar quarter, and the principal amount will be paid at the end of the loan period. As security, the Company has undertaken a negative pledge on the subsidiary's assets and the issuance of a standby letter of credit by another banking corporation (the "SBLC"). The cost to the Company for the issuance of the SBLC is a sum equal to 0.8% of the amount of the Loan. No changes have been made in the financial covenants undertaken by the Company, as set forth in Note 14d to the Company's financial reports of December 31, 2010. For more details regarding the acquisition of Flavor Systems International Inc., see the Company's report on the matter dated September 13 and October 4, 2011. Date and time at which the Company was first made aware of the event: December 23, 2011 at 00:30 A.M.

http://www.investegate.co.uk/Article.aspx?id=201112280700146300U

"This acquisition increases our current ownership interest in the Alba Field, a late Eocene reservoir that has been producing since 1994. Additionally, we add ownership interests in the MacCulloch and Nicol fields. We believe these fields have valuable upside potential," said William L. Transier, chairman, chief executive officer and president. "The production from these Central North Sea fields is almost 100% oil, which will generate a large increase in cash flow to Endeavour and provides a mechanism to accelerate the recognition of our current U.K. tax benefits of almost $300 million after this acquisition. This transaction, which our team has been working on since the beginning of this year, adds significantly to our two existing U.K. development projects, which are estimated to start production during 2012. Upon completion of this transaction and after the start-up of Bacchus and the Greater Rochelle development projects, Endeavour will become one of the largest independent producers in the U.K. North Sea."

Endeavour Announces Acquisition of UK Producing... Endeavour Announces Acquisition of U.K. Producing Assets -- Acquired assets have current daily production of approximately 10,000 barrels of oil equivalent per day (boepd) -- 2P reserve additions in excess of 33 million barrels of oil equivalent (mmboe) HOUSTON, Dec. 28, 2011 -- Endeavour International Corporation (NYSE: END) (LSE: ENDV) today announced that its subsidiary, Endeavour Energy UK Limited, has entered into a purchase and sale agreement to acquire ConocoPhillips' interest in three producing U.K. oil fields in the Central North Sea for $330 million, including approximately $94 million of tax attributes. Current net production from this asset group is approximately 10,000 boepd. Endeavour estimates of proved and probable reserves ("2P reserves") as of June 30, 2011 are in excess of 33 mmboe.

http://www.investegate.co.uk/Article.aspx?id=20111228070000P2FB5

Credit checker Experian (EXPN) has bought web monitoring company Garlik for an undisclosed sum. The acquisition will expand the group's identity protection capabilities and accelerates its plans for international development, through the targets existing presence in the UK, US, Germany and Italy. Garlik reported gross assets of 1 million dollars (0.6 million pounds) as at 31st December 2010.