Member Info for mulledwine

Prime Markets confirms buy recommendation and 841p target

Nomura reiterates buy and 867p target

Citi reiterates buy with a target of 940p.

William Hill (WMH) kept its "buy" rating from Evolution Securities, with a 285p target price. The broker notes that the gambling company has resolved staff disruption issues at its offices in Tel Aviv and Bulgaria. Separately, Evolution forecasts a slight third quarter revenue decline of 1%, due to the boost in turnover caused by last year's World Cup, but with a 6% increase in online gambling sales. The shares declined 2.5p to 225.6p.

Arbuthnot Securities maintained its "neutral" recommendation for Braemar Shipping Services (BMS), but with a reduced target price of 320p, from 340p. The maritime services company is expected to issue an annual dividend of 26p, offering an attractive yield of 7.7%, but the broker notes concern over cyclical difficulties in the industry that are likely to impact the firm in the near term. As a result the broker forecasts a 31% year-on-year decline in pre-tax profits for the 2012 financial year. Braemar shares stayed flat at 339.5p.

http://www.investegate.co.uk/Article.aspx?id=201110250700177480Q

Investment firm MDY Healthcare has seen its share price more than triple after announcing an impressive profit on a deal in the US. MDY is selling its 10.4% stake in Medivance for around $20m. This return is on a total investment of $6m plus sterling debts of £1.65m In other words MDY has made an absolute killing. It now only has one remaining investment, in another medical firm called Stanmore. MDY says it will now ponder what to do with its roughly $14m war chest.

http://www.investegate.co.uk/Article.aspx?id=201110260700198403Q

Council win for Morgan Sindall By Michael Millar Date: Wednesday 26 Oct 2011 LONDON (ShareCast) - Construction group Morgan Sindall said its urban regeneration division, Muse, had won a contract for a £200m project with Basingstoke and Deane Borough Council. Muse won two separate competitive tenders; the first to develop five separate sites in Basing View and the second to create a business class hotel in the western end of Basing View, it said. Building work is due to start, subject to planning permission, at the end of 2013, the firm said in a statement. "The council has confirmed that it will commit £3.3 million to deliver critically important estate infrastructure improvements, which have already begun with the demolition of two redundant buildings and landscaping," Morgan said. "The council has also earmarked a further £5 million of investment funds to help stimulate new development at the scheme."

rading Update Brulines Group plc (AIM:BRU), the leading provider of real time monitoring systems and data management services for the leisure and forecourt services sectors, provides the following trading update in advance of its interim results for the six months ended 30 September 2011 which will be announced on 6 December 2011. Trading in the Group's core beer monitoring business has been pleasing despite some initial delays to iDraughtTM installation programmes. The Group has secured several major customer contract extensions which include installation of iDraughtTM, the Group's bar management solution to drive Profit and Quality, which now accounts for almost nine percent of our total installation base. The launch of our Nucleus Smart TillTM EPOS system has been well received and has already gained good sales traction. Although the Fuel Solutions Division's first quarter performance was held back by integration issues, these have now been resolved and the division is now trading positively and has made good progress in gaining new business as the market's only end-to-end solution for forecourt operators. The Group continues to reduce losses associated with Vianet and the Board is encouraged by its ongoing success in developing existing contracts and in progressing significant new sales opportunities with several major international brand owners. As announced on 26 October 2011, the acquisition of Lookout Solutions ("Lookout") was a significant step for the Group's Vending Telemetry business. Lookout's leading vending management software application, combined with Vianet's leading contactless payment processing and vending telemetry solutions, provides a compelling end-to-end solution for brand owners and vending operators as the Company aims to become the market leader in the provision of these solutions for the global vending market. Whilst the Board fully expects the difficult economic environment and current challenging trading conditions to continue for some time yet, the future growth prospects across the Group's Leisure and Fuel Solutions divisions are very encouraging and management continues to view the future with confidence. The Board anticipates maintaining the current dividend policy as the Group continues to generate cash from its core business.

http://www.investegate.co.uk/Article.aspx?id=201110260700338391Q

Julius Minnaar, CEO of Aegis Media Netherlands, said: "The agreement enhances our prospects, providing additional energy and focus in continuing to produce outstanding client work. We welcome the Kobalt team into the fold and look forward to working with our new colleagues to leverage the exciting opportunities this move will bring to our networks in the Netherlands."

Aegis Group plc Aegis Media Netherlands' position strengthened with agreement to acquire Kobalt Media Aegis Group plc ("Aegis"), one of the world's leading media and digital marketing communications groups, today announces that it has signed an agreement to acquire the assets and contracts of the Dutch media agency Kobalt Media B.V. ("Kobalt"). At the beginning of October 2011 Kobalt had gross assets of €18.9 million. Kobalt was established in 1974 and since then has built its reputation working with some of the Netherlands' principal advertisers. It is the largest independent media planning and buying agency in the Netherlands and has a diverse client list including international brands C&A and Perfetti Van Melle and local advertisers Delta Lloyd Ohra and retailer C1000. Kobalt will be acquired from DHG Holding BV. The transaction will strengthen Aegis Media's market position and is expected to generate the benefits of greater scale.

http://www.investegate.co.uk/Article.aspx?id=201110260700168373Q

Commenting on the results Terry O'Brien, Chief Executive, said: "The Board is pleased with the progress that has been made during the period, with revenues significantly increasing and the Company securing high quality partners in key territories such as Japan. Notably, we have reduced the operating loss by 58%, making considerable progress towards profitability. The Company's product offering has been broadened, our intellectual property position strengthened, and our global market reach continues to grow. As the market for minimally invasive hemodynamic monitoring increases, particularly driven by the focus on improving efficiency in global healthcare systems, LiDCO is well placed to capitalize on this growth. "Going into the second half of 2011, the Board believes that the Company is in a strong position for growth both in the UK and internationally through working closely with our strategically important distribution partners. We anticipate a profitable second half to the year and look forward to reporting further progress as our business and the hemodynamic monitoring market continues to grow."

Interim Results for the six months ended 31 July 2011 LiDCO (AIM:LID), the hemodynamic monitoring company, today announces its Interim Results for the six months ended 31 July 2011. Financial Highlights · Total revenue increased by 21% to £3.21m (2010: £2.66m) · Capital, disposable and other revenues up by 11%, 6% & 24% respectively · Gross profit margins improved to 70% (2010: 68%). Significant margin improvement excluding third party products from 68% to 75% · Gross profit up 26% to £2.26m (2010: £1.80m) · Operating loss reduced by 58% to £0.24m (2010: £0.58m) · Cash balance of £1.12m · Loss per share 0.14p (2010: 0.35p) Operational Highlights · 149 monitors installed in the period (2010: 175) with LiDCOrapid representing 67% of installed monitor base which is now 2,059 units on a seven year adjusted basis · European patent for the LiDCOrapid graphical user interface accepted for grant · UK revenues up 45%, doubling of LiDCOrapid Smartcard disposables sales · Japanese registration & supply and UK distribution agreements signed with Argon Medical · Agreement signed with ICU Medical appointing LiDCO as UK distributor and providing worldwide access to certain LiDCO IPR

http://www.investegate.co.uk/Article.aspx?id=201110260700138292Q

Coverage BATM battling against Nokia decline Date: Wednesday 26 Oct 2011 LONDON (ShareCast) - Telecoms and medical equipment firm BATM saw its share price drop after saying that revenues in the third quarter rose just 5% compared to the same period of 2010. At 10.45am BATM's stock price was down 0.25p or 1.37% despite the year to date figures showing growth of 12.7% over 2010. Total revenues in the third quarter were $30.4m, while for the nine months to the end of September the total hit $95m. During the third quarter of the year the sales mix was 65% from the Telecoms division and 35% from the Medical division. Today's management statement warned that the firm's partnership with Nokia Siemens Networks is “expected to further decline in the coming quarter and this will impact the profitability of the Telecom division.” On the plus side BATM has announced a new “OEM” (original equipment manufacturing) agreement with what it describes as “the world's largest tier 1 telecom vendor”. In its guidance, the company says it believes fourth quarter revenues will be roughly the same as the third quarter, giving full year revenues of $130m with operating profict at around $7m.

Coverage Eros syndication deals taking Bollywood to new markets Date: Wednesday 26 Oct 2011 LONDON (ShareCast) - Bollywood film firm Eros International has seen a sharp rise in its share price following the announcement of a series of syndication agreements. The deals include a 15-film transaction with Fox International for the Middle East market and a 100 film agreement with “Hot” an Israeli cable television channel. The big idea behind Eros is to take Bollywood out of the Indian market. It already has syndications in China and Malaysia. Kumar Ahuja, Senior Vice President at Eros commented on the deals: "Eros' business model mitigates risk by monetising content across multiple media platforms. One of those platforms is television syndication and the licensing of our films to television channels. These content deals announced today will attract more viewers to the individual channels and also ensure that Eros continues to monetize its content across geographies and media platforms." Shares in Eros were up 3.7% in morning trading. BS

Goldman Sachs upgrades Playtech from neutral to buy, target price cut from 414p to 388p