Member Info for mulledwine

http://www.investegate.co.uk/Article.aspx?id=201112050705343258T

Some decent figures there but the prospects write up aint good. - hefty mark down on SP coming

Prospects The Group has seen significant weakness in RC Treatt's order book over the last few months and there is a return to the short term de-stocking practices of two years ago which has been increased by the impact of the current global economic climate. This, coupled with falling raw material prices, does mean that the outlook for 2012 is uncertain. Over the next few months, orange oil prices are expected to fall but the extent of the likely fall is unclear. However, the Group has many years' experience of managing its risk in periods of price volatility and so, whilst some stock losses are inevitable, this will relate mainly to 'pipeline' inventory and will be controllable. The year ended 30 September 2011 was characterised by the significant improvements in Earthoil and Treatt USA and these should be consolidated upon over the next twelve months. At R.C. Treatt, however, the final quarter of last year saw a slow-down in activity which has continued into this financial year, where the impact of de-stocking has led to falling raw material prices, lower levels of sales and reduced margins. We do not now anticipate orders picking up much until mid-2012, especially for R.C. Treatt whose customers operate in many of the territories which are currently experiencing significant economic weakness. Consequently, the Board believe that pre-tax profits for the year ended 30 September 2012 will be significantly lower than was previously thought.

TREATT PLC PRELIMINARY STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2011 Treatt Plc, the manufacturer and supplier of conventional, organic and fair trade ingredients for the flavour, fragrance and cosmetic industries, announces today its preliminary results for the year ended 30 September 2011. Summary Group revenue increased by 18% to £74.5 million (2010: £63.3 million) Group operating profit after FX up by 40% to £6.9 million (2010: £4.9 million) Profit before tax 42% higher at £6.4 million (2010*: £4.5 million) Dividends increased 11.5% to 14.5p per share (2010: 13.0p) Earnings per share up 40% to 42.5p (2010*: 30.3p) Net assets per share increased to £2.44 (2010: £2.15) * Before goodwill impairment in 2010 of £2.4m

http://www.investegate.co.uk/Article.aspx?id=201112050700152890T

Robert Sinclair, Chairman of Sirius Real Estate, said: "Despite the macroeconomic difficulties and continued uncertainty across the eurozone, the Company has recorded a satisfactory trading performance for the first six months of this financial year and the focus on occupancy and reducing central costs has meant that the Group is trading in line with management expectations for the full year. "Economic concerns have not impacted on demand as yet, with average monthly enquiries increasing by 10% over the last 12 months which has enabled the Company to offset some larger move-outs over the summer and keep occupancy figures increasing. The key point is the much improved rate we are seeing from new lettings which indicates that we are starting to see some real benefit from the investment we have made over the last few years. This, together with a further €1m of cost savings expected over the year, is driving incremental improvement. "Good progress has been made towards agreeing a new management structure and I am confident long term plans for the management team will be announced in due course. The Company is working on a new strategic plan to refinance the business and build the Company from a profitable base."

Half-Yearly Results for the six months ended 30 September 2011 Sirius Real Estate, the real estate company with a portfolio of 38 large mixed-use commercial sites in Germany, which it upgrades into modern, flexible workspaces, today, reports its half year results for the six months ended 30 September 2011. Results highlights · Occupancy rate of 77% (30 September 2010: 73%) · Recurring profit before tax (PBT) excluding exceptional costs €0.9m* (2010: €1.2m) · Gross annualised rent roll level increased to €44.4m representing a 7% increase year on year (30 September 2010: €41.5m) · Average rent per sqm increased to €4.18 (31 March 2011: €4.13) · Property portfolio revalued by DTZ at €492.0m (31 March 2011: €505.5m) · Adjusted NAV per share of 66.63c (31 March 3011: 72.85c) · LTV across the portfolio of 61.0% (31 March 2011: 60.2%) *Excluding property revaluation, change in fair value derivative instruments and costs incurred for advice relating to the asset management agreement. Operational highlights · On track to deliver €1m of cost savings for the full year · 10% increase in average monthly sales enquiries for the period to 957 compared to the same period last year (September 2010: 871) with majority of monthly sales enquiries now reaching over 1,000 · New lettings of 65,153 sqm at €5.18 per sqm representing an improved return on investment · Move-outs of 37,275 sqm (September 2010: 73,966 sqm), which shows improved retention rates · Good demand for highly flexible smartspace solutions · Land disposals worth €2.5m agreed during the period and completed after the period and capacity to make further disposals in a profitable and timely manner · Good progress on agreeing new management structure

http://www.investegate.co.uk/Article.aspx?id=201112050700163023T

EUROPEAN APPROVAL FOR mCHP PRODUCT 5 December 2011 Ceramic Fuel Cells Limited [AIM/ASX: CFU], a leading developer of high efficiency and low emission electricity generators for homes and other buildings, is pleased to announce that its manufacturing partner in France, De Dietrich Thermique, has received CE certification for its micro CHP system called CERAMIS POWER powered by the Ceramic Fuel Cells' Gennex® fuel cell module. The first CERAMIS POWER unit will be operated with GDF-Suez, the largest gas retailer in France, with more than 10 million customers. De Dietrich plans to deploy the first 20 CERAMIS POWER units in France, Germany and Netherlands from 2012. Ceramic Fuel Cells will supply the core Gennex fuel cell module and related components to De Dietrich Thermique, which integrates the fuel cell module with a boiler into an integrated product to provide power, hot water and space heating for homes and other buildings.

http://www.investegate.co.uk/Article.aspx?id=201112050700193092T

Drilling Update 5 December 2011 5 December 2011 - Exillon Energy plc ("Exillon Energy", the "Company" or the "Group") (EXI.LN), a British listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon WS"), is pleased to announce the results from well 76 on the southern part of the ETP III field. ETP III - 76 The ETP III - 76 well was designed to test the southern part of the ETP III field and is the first well drilled in Timan-Pechora since the Company went public in December 2009. The well flowed water-free oil naturally to the surface with a flow rate of 470 bbl/day on an 18 mm choke. The well encountered the Lower Silurian reservoir at 3,306 meters, confirming 15 meters of effective net oil pay within the reservoir. Based on the coring and logging results, the reservoir is represented by fractured and cavernous porosity, clay-carbonate sediments with permeable cracks in several intervals. Well testing results support the company's geological understanding of the ETP III field. On completion of testing, the well will be connected up to existing production facilities. The rig will mobilize to drill well 7601 on the same structure with target completion in Q1 2012. Media contact:

http://www.investegate.co.uk/Article.aspx?id=201112050700203253T

Fund manager Aberdeen Asset Management will also be releasing its full-year results on Monday. The firm announced in late September that it expects profits to be at the top end of analysts’ forecasts (ranging between £262m and £297m) despite the recent volatility in markets. As such, Singer Capital Markets expects pre-exceptional profit before tax (after finance costs) to be £295m.

Massive attention has been focused on the cash-flow problems of package tour operator Thomas Cook recently, so the full-year results of rival holiday firm TUI Travel on Monday are certain to attract a lot of attention. TUI has been at pains to emphasise it has not been suffering the same sort of tribulations as Thomas Cook, though it has not gone so far as to claim that Schadenfreude is a skiing resort in Austria ... The results cover the period prior to Thomas Cook's latest woes, so there won't have been any benefit to TUI from its rival's reputational damage, but the update on current bookings should make very interesting reading. General market conditions remain challenging, given the Eurozone crisis, ongoing troubles in the Middle East and North Africa region and flooding in Thailand. Market consensus is for profit before tax of £335.8m on sales of £14.1bn.

A contraction in gross margins at Trakm8 Holdings (TRAK) led to a fall in pre-tax profits from 162,000 pounds to 18,000 in the six months ended September, even despite a 46% jump in revenue to 2.52 million pounds. Hardware sales of telematics units were higher than last year in both the UK and international markets, although a 6,000 unit contract deliverable in April was postponed by a customer due to unforeseen circumstances. Arbuthnot rates Trakm8 as a "strong buy", with a 24p price target, noting financial visibility continues to improve, with recurring revenues covering 66.5% of its operating cost base. The shares closed unchanged at 13.5p.

Alternative Networks (AN.) retained its "buy" rating from Arbuthnot Securities, with a 310p target price. The telecommunications group is expected to report full year revenues of 118.3 million pounds, up 22.9% on 2010's performance, with pre-tax profit growth of 26.0% to 11.6 million pounds. The broker anticipates this to have been achieved through organic growth across key product segments. Arbuthnot forecasts a net cash position of 11 million pounds, noting that this would make it one of the best capitalised companies in its peer group. The shares edged down 1p to 275p.

Singer Capital maintained its "buy" recommendation for Invensys (ISYS), with a target price of 273p. With the power monitoring systems developer already holding the Thameslink contract, the broker has high hopes for further wins in the 8 remaining Network Rail projects. Singer also approves of the growing number of maintenance contracts being awarded to the group as they provide a more stable source of income. The broker notes the group's core strength in the UK and North America, but adds that it is looking to diversify its revenues through new projects in Turkey and Saudi Arabia. Invensys shares steamed ahead 4.4p to 208.5p.

Greene King (GNK) kept its "buy" rating from Panmure Gordon, with a target price of 540p. Following a stronger than expected first half performance from the pub chain, the broker has increased its full year earnings per share target from 50.68p to 51.03p. With the weather remaining warmer than usual, Panmure expects to see higher beverage spends over December compared to last year. The broker is also encouraged by the group's willingness to increase earnings through acquisitions. Shares in Greene King inched up 3.8p to 469.5p.

Electronics group Premier Farnell (PFL) remains a "sell" for Shore Capital, which expects the group to report strained revenues in poor market conditions. Gross margins are expected to be stable at around 40%, but with some negative operational gearing the broker anticipates a 50 basis point reduction in the EBITA margin to around 10.7%. Shore believes trading will remain difficult for at least the next two quarters, but an improving US outlook offers hope for the future. The shares grew 3p to 182p

Nomura initiates neutral on John Wood Group, target price 680p.