Member Info for mulledwine

http://www.investegate.co.uk/Article.aspx?id=20111010070000PABBF

Commenting on this acquisition, Charles Skinner, Chief Executive of Restore plc, said: "It has long been the Board's aim for Restore plc to enter the secure shredding and recycling market, and Restore Shred's acquisition of Thoroughshred provides us with an excellent platform for rapid growth, and in Steve Talbot, a partner of huge experience and entrepreneurial capability. Following our move into office relocation earlier this year, we are excited to be able to broaden further the range of services we offer our growing customer base, and look forward to the contribution to the Company that Restore Shred will make".

Restore plc ("Restore" or "the Company") is pleased to announce that Restore Shred Limited, its recently formed subsidiary, has acquired the business and assets of Thoroughshred, a provider of secure shredding and recycling services, from TGM Environmental Limited ("TGM Environmental"). Thoroughshred serves customers in London and the South East of England and has been operating as part of TGM Environmental in the secure shredding and recycling market since 2007. It is based in Woolwich, south east London, where it recently opened a new state-of-the-art facility with capacity in excess of 15,000 tonnes a year. The acquisition of Thoroughshred is an important step in broadening the capabilities of the Company to offer additional office services alongside its existing records management, document scanning, and office relocation activities. Thoroughshred has a similar channel to market to Restore plc's office services businesses and a complementary customer base. Steve Talbot has been appointed Managing Director of Restore Shred Limited and holds 25% of its equity. Steve has a proven track record in secure shredding and recycling, having previously built and sold two businesses in this sector. Restore plc has invested £375,000 in cash for a 50% stake in Restore Shred Limited. The Company has an option to acquire the interests of the other two shareholders in Restore Shred Limited, Steve Talbot and TGM Environmental, also with 25%, between October 2014 and October 2016.

http://www.investegate.co.uk/Article.aspx?id=201110100930008640P

Morning cinders - dont put your house (or motorhome) on it though! I will be having a dabble also but need to liquidate some capital - not sure where from though as a bit tied in just now due to market drops - good luck

Now at the lowest level equal to feb/march 2009 but from where it made rapid movement to its highest level .....hmmmm

Yes, not good - but if you are into risk then its a good level to BUY on the presumption they get funding - good be good SP movement but risky!

Discover Leisure pursuing financing options Date: Monday 10 Oct 2011 LONDON (ShareCast) - Aim listed caravan and motor home retailer Discover Leisure expects losses before tax to narrow for the twelve months ended 31 August but conceded it is pursuing financing options as its business comes under increasing pressure. The group said it witnessed the usual seasonal uplift in trade in the second half and trading for the last 12 months was in line with the expectations at the half-year stage. "However, profits in the second half of the year have not been sufficient to offset the previous winter losses and therefore the finances of the business have come under increasing pressure," it said in a company statement. Loss before tax is anticipated to come in at £1.5m compared to £1.8m in 2010. It predicts turnover for the period to slip to £49.8m from £52.3m previously. "With low season conditions already in place and the expectations of a continued difficult trading environment, the group will come under further significant pressure this autumn and into the winter," it added. Discover Leisure said it has continued to benefit from its existing lending facilities, but it recognises that it needs to secure additional finance. It is actively involved in pursuing a number of opportunities to secure the ongoing trade of the business. Discover Leisure, which underwent a major restructuring in 2009 following the rapid decline in demand for leisure vehicles following the global financial crisis in 2008, now has 5 branches employing 250 people across the north of England.

Tim McCutcheon, CEO, comments: "We are all extremely pleased with the issue of the Certificate of Discovery for Olcha. As I have mentioned before, Ovoca has a long and successful track record of working in Russia to get things done and add shareholder value. Now that we have the Certificate, we will immediately complete and file the formal application to receive the full exploitation license, which we expect to receive sometime early 2012."

Russian regulatory authorities issue certificate of discovery for Olcha Ovoca is pleased to announce that the Russian State regulatory body concerning the certification of state resources has granted to the Company a Certificate of Discovery regarding Olcha, a key milestone in the process of receiving a full exploitation license. The Certificate allows the Company, through its Russian ZAO Bulun subsidiary, to apply for a mining permit on the presently drilled reserves. Such licenses are typically issued for 25 years, with a target work program leading up to production at some point within the license term. The certified reserves equal 279,000 ounces of gold at a grade of 13.4 g/t and 655,000 ounces silver at a grade of 31.6 g/t in the Russian reserve category C1 + C2 (this is not JORC compliant and not reviewed by a Competent Person). Russian legislation does not consider the Olcha deposit strategic as it is below the established strategic threshold of 1.6mn ounces gold in the Russian reserve C1 + C2 category.

http://www.investegate.co.uk/Article.aspx?id=201110100700128195P

David Marock, Group chief executive officer, said: "We have made it clear that we will pursue opportunities to acquire life and non-life businesses in run-off where they are a good fit with our existing businesses, generate an uplift in our earnings, and create real shareholder value. We believe this acquisition creates shareholder value and keeps our strategic options in the run-off sector open."

Charles Taylor Consulting plc ("CTC" or the "Company") Acquisition (the "Acquisition") of Alico Isle of Man Limited ("Alico IoM") The Company announces that it has entered into an agreement to acquire the issued share capital of Alico IoM, an international life assurance company in run-off, from American Life Insurance Company. Alico IoM was established in 2002, provides investment life insurance products and was closed to new business in 2008. At 30 June 2011, Alico IoM's equity shareholders' funds were £1.8 million. CTC will rationalise the operations of Alico IoM by transferring its business into LCL International Life Assurance Company Limited ("LCLI"), CTC's wholly owned Isle of Man-registered closed life business, and integrating its management into CTC's life insurance services company, LCL Services (IOM) Ltd. The Acquisition is expected to be earnings enhancing in the year ending 31 December 2012 and thereafter. In addition, CTC expects the Acquisition to enhance embedded value and to release cash in excess of the consideration once the transfer of Alico IoM to LCLI is complete, expected to be in the first quarter of 2012. The Acquisition is subject to regulatory approval by the Isle of Man Insurance and Pensions Authority. The business transfer into LCLI is subject to court approvals.

http://www.investegate.co.uk/Article.aspx?id=201110100700128293P

Jonathan Cohen, Executive Chairman of Savile, commented: "The Group has faced another challenging year in 2010/11. Although the financial results are disappointing, the Fairplace Cedar and IDDAS businesses have made progress. In the light of disappointing performance and a continued fall in the demand for career transition services, we undertook a detailed review of the business and its future strategy. As a result a significant restructuring was undertaken, combining the Fairplace and Cedar activities to create a more robust and focused business, operating from a lower cost base. In September we recruited a highly experienced Chief Executive for Fairplace Cedar in Penny de Valk to lead the business and its team. I am delighted to announce that David Harrel agreed to join the board as the independent non executive Chairman of the Group before this year's Annual General Meeting. I am also very pleased that Penny de Valk joined the board as CEO of Fairplace Cedar in September 2011. She brings a wealth of experience with her. The Group now has two business units, Fairplace Cedar and IDDAS, offering different but complementary services with clear business and financial objectives. Although markets remain uncertain we are confident that each has the potential to grow and develop".

PRELIMINARY AUDITED RESULTS FOR THE YEAR ENDED 30 JUNE 2011 Financial summary 2011 ► Revenue £8.9m (2010: £8.2m) ► Loss before exceptional items and tax £0.29m (2010: Profit £0.5m) ► Loss after exceptional items and before tax £1.18m (2010: Profit £0.5m) ► No bank debt (2010: nil) ► Fully diluted loss per share at 7.26 pence (2010: 2.07 pence profit per share

http://www.investegate.co.uk/Article.aspx?id=201110100700128288P

Commenting on the deal with GE, Anil Chalamalasetty, CEOand MD of Greenko, said: "We are delighted to be deepening our existing strategic relationship with GE, a clear leader in the global energy market place. This announcement represents a further step in establishing Greenko as a leading energy provider in India." Commenting on the deal, Raghuveer Kurada, managing director and leader of India at GE Energy Financial Services said: "This venture expands GE's presence in one of the world's fastest growing power markets with a local, proven renewable energy developer."

General Electric to invest US$50 million in Greenko's wind venture Greenko, the Indian developer, owner and operator of clean energy projects, announces that a newly created Wind holding company, Greenko Wind Project Private Limited ("GWPP"), which is a subsidiary of Greenko, has today entered into a conditional share subscription agreement with a division of GE Energy Financial Services("GE"), which is a subsidiary unit of General Electric (NYSE: GE), whereby GE has agreed to invest US$50 million to support the development of the initial 500MW out of Greenko's planned development of 1GW of Wind energy projects across India. This follows the placing of 1st June 2011 with existing and new shareholders when Greenko raised US$80 million for the deployment of the Group's Wind strategy. GWPP expects to raise further equity and debt in due course to support this area of business. Greenko strongly believes that the investment by GE will further enhance the Group's shareholder equity value and demonstrates the long term and complementary nature of the strategic partnership with GE. The Group will also benefit from GE Energy Financial Services' renewable energy investment expertise, demonstrated by building a US$6 billion portfolio of renewable energy investments worldwide. The investment expands GE's presence in India, which dates back to 1902 when they installed India's first hydropower plant.

http://www.investegate.co.uk/Article.aspx?id=201110100700138390P