Member Info for mulledwine

Close Brothers Group 24-Nov-11 Bruce Carnegie-Brown Buy 10,000 @ 615.92p =£61,592.25

Thats a fair sized purchase!

Redefine International 25-Nov-11 , Michael J Watters Buy 939,000 @ 38.50p = £361,514.99

Lesley Knox, a non-executive director at SABMiller, the multi-national lager brewing company, has snapped up £63,225-worth of shares in the firm.

Trading Statement YCO Group plc ("Y.CO" or the "Company"), a leading provider of specialist services to superyachts, today provides the following trading statement. Despite 2011 being a year of difficult economic and challenging market conditions, Y.CO has completed a successful restructuring, refocus and rebranding of the Company. The Board has focused on increasing market share in its core service areas through brand and marketing initiatives and the recruitment of key personnel. This has required a significant level of cost and investment, that, combined with the delay of certain contracted revenues into early 2012, will result in profits for the year ending 31 December 2011 being significantly lower than market expectations. However, these initiatives and investments have also resulted in satisfying operational performance: the number of yachts under management in the Y.CO fleet has increased during the second half of 2011 and the number of charter weeks booked for 2011 will exceed that of 2010. Over the year, the Company has also signed a number of new build projects and attracted some excellent new yachts to its sales and charter fleet, including the 45m explorer yacht Big Fish to its sales fleet and the 67m sailing yacht Vertigo to its charter fleet. Overall, the Company anticipates a breakeven trading position for the year but remains confident of continuing not only to maintain, but to increase its market share throughout 2012 in spite of ongoing economic uncertainty.

http://www.investegate.co.uk/Article.aspx?id=201111250700327608S

Tony Wray, Chief Executive Severn Trent Plc, said: "We have delivered a solid set of results for the half year. Group revenue was up 2% period on period with underlying group PBIT down slightly, reflecting increased investment in our networks in Severn Trent Water. We remain focused on improving the services from our networks. We have increased our network replacement activity underpinning our plans to improve network serviceability, supply availability and unplanned interruptions. We are maintaining our leakage activity levels following the severity of the last three winters. The transfer of private drains and sewers has gone smoothly and we will provide an overview of activity and expenditure levels at our year end. We remain committed to our dividend policy of RPI +3% growth per annum for the remainder of AMP5. We welcome Ofwat's latest publication for a risk based approach to regulation which aligns to the ideas we have previously published in our Changing Course document."

Interim Results for the six months to 30 September 2011 Highlights ● Severn Trent Water operating expenditure below level allowed in Ofwat's Final Determination ● Delivering capital programme and long term productivity improvements ● Interim dividend 28.04 pence per share, up 7.7% in line with dividend policy of RPI +3% ● Strong balance sheet, business fully funded for next 2 years ● Transfer of private drains and sewers (PDaS) successfully completed on 1st October ● Encouraged by direction of regulatory reform

http://www.investegate.co.uk/Article.aspx?id=201111250700317586S

Panmure Gordon remained its "hold" recommendation on Mitchells and Butlers (MAB) but reduced its price target from 250p to 240p, highlighting cost pressures as an area for concern for the pub and restaurant operator. Panmure believes the shares are not expensive at 6.7 times its 2012 earnings estimate, but highlights three reasons why investors should not purchase the shares : the group has no chief executive, no dividend and a "seemingly disgruntled major shareholder". The shares rose 1.4p to 217p.

Cineworld (CINE) maintained its "buy" recommendation and 245p price target from Evolution Securities ahead of expectations that the company will announce a revenue sharing agreement with Imax on Monday. The initiative reportedly demonstrates Cineworld's willingness to evolve its offerings to remain competitive. The broker believes the deal should command a 4 pound premium per Imax viewing. Cineworld shares inched 0.75p lower to 199.25p.

Seymour Pierce initiated coverage of Omega Diagnostics (ODX) with a "buy" recommendation and price target of 26p, noting the medical technology company's work on allergy testing had passed 'under the radar'. The broker views the group as materially undervalued, at 6.7 times current year forecasted earnings, and added it has faith in the management's strong track record in business and commercial development. The shares closed unchanged at 14p.

UBS initiates buy on Polymetal International, target price 1400p.

Avesco has the X Factor 24/11/2011 Miles Nolan Media services firm Avesco (AVS) has signalled that it now expects to beat market expectations – leading finnCap to double its pre-tax profit estimate for the year. Trading in the final quarter to 30 September has continued positively, with particular strength in the US-based audio-visual business Creative Technology. In the UK, the Wembley-located Fountain Studios, home to the X Factor, has also proved very buoyant. The improved international profile is helping Avesco win new work. Speaking to Growth Company Investor, finance director John Christmas enthused, 'We are enjoying good momentum in our businesses, 'adding that the Asia operations are starting to gain more traction. Avesco has benefited from strong cash generation; indeed, the AIM counter has delivered a net positive cash flow despite investing £18 million in new equipment to support its growth. House broker finnCap has revised its prediction of a year-end net debt position of £18.5 million to nearer £13 million as a result. It has edged up its numbers for 2011 to a pre-tax profit of £800,000 (previously £400,000), while for 2012 it predicts a pre-tax profit of £4.5 million (EPS of 13.6p) driven by the impact of large projects, such as the London Olympics. We have remained positive on the prospects for Avesco for some time, with a buy recommendation in March at 90.5p. The shares are up 7p to 140.5p and remain attractive.

Panmure Gordon reiterates sell and 545p target.

Commenting on the results, Michael Turner, Chairman of Fuller's, said: "I am pleased to announce a good set of results for the first half of the financial year, driven by growth in all parts of the business. "Our revenues grew by 6% to £128.2 million (2010: £121.5 million) and adjusted profit before tax (excluding exceptional items) increased by 5% to £16.5 million (2010: £15.7 million). Our adjusted earnings per share rose by 8% to 21.48p (2010: 19.96p). "These results highlight the successful execution of our long term strategy, which has remained unchanged despite the economic pressures on the UK consumer. The largest part of our business, Managed Pubs and Hotels, has again traded well with like for like sales up 3.9%. "Our balance sheet remains very strong and having increased our bank facilities to £120 million during the period we have additional funds available to invest in new opportunities as they arise. Our strategy is to be highly selective and we have the patience to wait for the right assets to become available at the right price.

Financial results for the 26 weeks ended 1 October 2011 Financial Performance · Revenue up 6% to £128.2 million (2010: £121.5 million) · Adjusted profit before tax1 up 5% to £16.5 million (2010: £15.7 million) · Adjusted earnings per share2 up 8% to 21.48p (2010: 19.96p) · EBITDA3 up 4% to £25.0 million (2010: £24.1 million) · Interim dividend up 6% to 5.05p (2010: 4.75p) Corporate Progress · 12 pubs acquired since last year end · Managed Pubs and Hotels like for like sales up 3.9% · Managed Pubs and Hotels profits4 up 1% · Tenanted Inns profits4 up 2% · Own Beer volumes up 2% · Beer Company Profits4 up 12% · Beer Company Managing Director recruited - starts 12 December 2011

http://www.investegate.co.uk/Article.aspx?id=201111250700307582S

ubs reiterates neutral, raises price target to 600p from 560p.

Analysts at Credit Suisse have this morning cut their price target for shares of Intermediate Capital Group to 225p from 380p, but while retaining their outperform recommendation. The above action has been taken after modifying their forecasts for profits before taxes for fiscal year 2012 by 5%, to £177m, and for fiscal year 2013 by another 14%, to £178m.