Member Info for mulledwine

Shore Capital upgrades Staffline Recruitment Group from hold to buy

CONT The pre-launch marketing has resulted in more than 10 major school suppliers representing 20 major school brands being signed up. Moreover, there are currently 3,000 schools already on the @UK Ecommerce Marketplace, representing approximately 10% of the market. @UK’s post launch marketing programme is focused upon increasing the number of schools using the platform and extending beyond their major suppliers to the entire school supply base, which has been estimated at 300,000 suppliers. Although @UK has made a good start to the launch of its Schools Ecommerce Marketplace, like New Enterprise Allowance platform It is too early to assess the group’s likely revenues and for now, we are not building any revenue potential into our current and next year forecasts. However, if @UK was even to achieve 10% of the potential, this would equate to additional recurring revenues of over £7 million per annum and an additional £5 million per annum in profit. Nevertheless, as the interim results (see our note of 29th July 2011) demonstrated, @UK is on track to deliver our existing expectations. We continue to believe that it is not unreasonable to value the company on demanding 2012 EV/Sales and EV/EBITDA multiples of 5 times and 20 times respectively because of the company’s current stage of development and expanding market opportunities. Our confidence is further supported by the quality of the group’s established business relationships (e.g., Barclaycard Commercial, Google, NHS Shared Business Services, etc.) as well as the considerable international interest generated by the on-time and in budget delivery of the flagship e-commerce B2B purchasing card GeM platform for UK universities. Therefore, with the shares trading at 9.625p and a 30p target price based upon our probably conservative 2012 expectations, we re-iterate our recommendation of buy.

5th September 2011 Analyst: Philip Morrish Email: philip.morrish@gecr.co.uk Tel: 020 7562 3362 @UK - Future Revenue Potential Building following Successful Launch of Schools eMarketplace. Re-iterate Buy @UK, the AIM listed cloud e-commerce marketplace and company formations business, announced on 2nd September its national full service entry into the estimated £72 million per annum schools procurement market. This latest market opportunity has quickly followed that of the GEM for the higher education and university sector and the UK Government’s national roll out of the New Enterprise Allowance scheme. However, unlike the previous two initiatives, the Schools Ecommerce Marketplace was delivered within 2 weeks because it was not dependent upon any public sector timelines or deadlines but was a commercial solution addressing a well-recognised requirement. The schools market will be the first sector to have a carbon neutral supply chain because all the goods and services provided via the Schools Ecommerce Marketplace will be carbon neutral and the funds generated from carbon offsetting will be used to support carbon reduction projects in schools. The Schools Ecommerce Marketplace is a free to schools platform with their suppliers paying for access. This platform utilises @UK’s existing infrastructure and software and as such its margins should be in excess of the group’s current 70%.

Altium Securities upgrades Kofax from hold to buy, target price cut from 440p to 400p

Down 8.73% - looks like the market concentrated on one short sentence "we have since experienced softer than expected trading during the second half of July and through August."

Current Trading Following a satisfactory performance in the first half of 2011 which saw sales, with the exception of April, grow month on month throughout the period, we have since experienced softer than expected trading during the second half of July and through August. However, we fully expect a return to the trading levels seen in the first half of the year in part aided by our 'Get Back in the Game' marketing campaign encouraging summer-lapsed players to get back to playing in early September. Keith Rogers, Managing Director of Goals said: "In view of the current economic climate, we are satisfied with the performance of the business in the first half of this year. The opportunity to utilise modular build pavilions in our rollout is an important development for our business. The opportunity to maintain a strong rollout strategy while reducing costs and shortening build time and simultaneously reducing debt will significantly improve our business model going forward and ensure we stay at the forefront of innovation in this fast growing sector of the leisure industry."

Operational highlights · Number of centres increased by 30% in 18 months - Four centres added during the current period at Sunderland, Liverpool South, Norwich and Hull - One further centre under construction in Chester · A new innovative modular build concept is being trialled at Chester that is expected to - Reduce capital expenditure to circa £1.5m per centre - Improve returns in the business - Allow for increased rollout in future, if appropriate · Two of 2011 scheduled openings deferred till 2012 to allow evaluation of new modular concept · Minimum of four centres to open during 2012

Key Points Financial · Sales up 11% to £14.7m (2010: £13.2m) · Like for like sales up 3%* (2010: down 3%) · EBITDA up 10% to £6.4m (2010: £5.8m) · Adjusted Profit Before Income Tax** up 8% to £4.1m (2010: £3.8m) · Profit Before Income Tax up 46% to £4.0m (2010: £2.7m) · Adjusted diluted Earnings Per Share** up 9% to 5.8p (2010: 5.3p) · Diluted Earnings Per Share up 50% to 5.7p (2010: 3.8p) · Ordinary dividend maintained at 0.675p per share (2010: 0.675p) · Net cash generated from operations up 24% to £6.6m (2010: £5.3m) · Net bank debt of £54.4m

Analysts Presentation on Gem Diamonds Growth Profile Gem Diamonds, the FTSE 250 listed diamond company, is today giving a presentation to analysts on the Letšeng Mine Expansion in Lesotho and the Ghaghoo project in Botswana. The presentation will be available on the Gem Diamonds website www.gemdiamonds.com from 11am (BST).

http://www.investegate.co.uk/Article.aspx?id=201109050850266044N

I like "follow-on orders, especially for reconnaissance purposes, are expected."

Lovely rise - - and Samsung could well be correct

Operations Update · Cameroon: - A 430 sq km Exploration Licence has been awarded to Botswana Diamonds. This covers the area of paleo-placer conglomerate identified by the company. - A bulk sampling programme to examine diamond potential will be undertaken in the coming months. · Botswana: Orapa Region - PL04/2002 has been extended until 30 June 2012. This contains AK8, AK9, BK5. - Renewal of PL07/2004 remains under consideration and should be resolved in the coming weeks. - Bulk sampling on two kimberlites AK8 and BK5 has been completed. - The grade of AK8 at 1.25 cpht is not likely to be commercial. Previously reported grades at BK5 were not replicated in the bulk sampling, where no diamonds were discovered. - A review of all available data on AK9 is ongoing and a decision whether to bulk sample or not is imminent. - New prospecting licences applied for in the Orapa area. · Zimbabwe: - A small sampling programme will be carried out on seven claims held by Botswana Diamonds southeast of the Murowa area of Zimbabwe. The Directors of Botswana Diamonds [AIM:BOD] are pleased to present an update on operations.

http://www.investegate.co.uk/Article.aspx?id=201109050700085679N

Commenting, Ian Temple, Executive Chairman of Hydrogen Group plc said: "The Group has delivered good results for the first six months of the year. A strong performance from our contract business, combined with continued tight control of costs has enabled us to increase profitability, whilst carefully investing in our international network to ensure we are well positioned for medium-term growth. Whilst uncertainty in the macro economic outlook continues to result in reduced visibility in our markets, the Group is performing in line with expectations, with our performance in July and August broadly consistent with that of the previous quarter."

Operating Highlights · Strong contract performance with NFI up 41% to £8.1m (2010: £5.7m) · NFI from Engineering increased by 71% to £2.9m (2010: £1.7m) · Hong Kong office opened in April 2011 · Headcount servicing international markets increased by 13% to 112 (31 December 2010: 99), representing 40% of Group fee earning headcount (31 December 2010: 38%)

UNAUDITED CONDENSED CONSOLIDATED INTERIM REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2011 The Board of Hydrogen Group Plc ("Hydrogen" or "the Group"), the specialist international recruitment Group, is pleased to announce its unaudited interim results for the six months ended 30 June 2011. Financial Highlights · Group revenue increased by 45% to £80.0m (2010: £55.2m) · Group net fee income ('NFI') increased by 14% to £15.1m (2010: £13.2m) · Profit before tax increased by 64% to £1.8m (2010: £1.1m) · Profit conversion (ratio of profit before tax: NFI) increased by 50% to 12% (2010: 8%) · Basic earnings per share increased by 76% to 6.01p (2010: 3.42p) · Reduction in net debt to £1.5m (31 December 2010 £2.2m) · Interim dividend maintained at 1.4p (2010: 1.4p)

http://www.investegate.co.uk/Article.aspx?id=201109050700095798N

RECOMMENDED CASH OFFER BY GREENE KING PLC FOR THE CAPITAL PUB COMPANY PLC Compulsory acquisition, cancellation of admission to trading and re-registration of Capital Pubs Further to the announcement made on 22 August 2011 that the Offer had been declared unconditional in all respects, Greene King announces that, as at 1.00 p.m. on 2 September 2011, it has received acceptances in respect of Capital Pubs Shares representing 94.7 per cent. of the shares to which the Offer relates. Accordingly, Greene King announces its intention to compulsorily acquire the outstanding Capital Pubs Shares under the provisions of sections 974-991 (inclusive) of the Companies Act 2006. Greene King also announces that Capital Pubs intends to apply to the London Stock Exchange for its admission to trading on AIM to be cancelled. It is anticipated that such cancellation will take effect not earlier than 3 October 2011, being 20 business days following the date of this announcement. Delisting would significantly reduce the liquidity and marketability of any Capital Pubs Shares in respect of which acceptances of Offer are not submitted. It is anticipated that, after the Capital Pubs Shares are de-listed, Capital Pubs will be re-registered as a private company under the relevant provisions of the Companies Act 2006. As previously announced the Offer remains open for acceptance until further notice. Terms defined in the Offer Document dated 29 July 2011 have the same meanings in this announcement, unless the context requires otherwise. Capital Pubs Shareholders who have not yet accepted the Offer are urged to complete, sign and return the Form of Acceptance (along with their share certificate(s) and any appropriate documents of title) by post or by hand (during normal business hours only) to Capita Registrars, Corporate Actions, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU as soon as possible. Capital Pubs Shareholders who hold their Capital Pubs Shares in CREST should follow the additional procedures set out in the Offer Document. If you are a CREST sponsored member you should refer to your CREST sponsor before taking any action.

http://www.investegate.co.uk/Article.aspx?id=201109050700095811N