Member Info for mulledwine

Gary Flockhart, IT Manager at UPN, added, We partnered with Belgravium in the past, when we relocated our hub and implemented a new hub scanning system. Our experience was positive, so it makes sense to look at how else their systems could benefit our business. Following the pilot scheme, it is become clear that this new mobile technology will drive out errors and help us maintain our quality levels, whilst removing more and more paper from the network. Belgravium provide the equipment and the 24/7 support that our depots require in the field. We operate mission critical systems, so it is vital that our partners deliver the levels of support we will require."

Mark Hardy, Managing Director at Belgravium, said today, "I am delighted that UPN has chosen to work with us on these new systems. The pilot scheme ran very well and has allowed UPN and its depot to prove the value the new systems, before making the investment decision. Our success in the pallet network sector has been underlined with the award of this contract. Our knowledge of the sector is growing and we have now gained a tangible track record. We look forward to working more with UPN and helping them to manage business growth. The palletised freight sector is very buoyant and the networking sector is growing fast, so it is an attractive sector for us to work in."

Belgravium Technologies To install mobile technology at 70 UPN depots Belgravium Technologies plc ("Belgravium" or "the Group"), (AIM:BVM) provider of enterprise mobile computing solutions to the warehousing and logistics markets is pleased to announce that it has been selected to install mobile scanning equipment across all 70 distribution depots for UPN, a leading UK and European pallet freight delivery service. The move follows a six-month trial period during which the system was fully tested and during which time Belgravium worked with UPN to adapt the operating software for optimal performance using the handheld scanning equipment to track and update a central web-based system in real time of the movements of pallets in and out of the depots using the new Boston 8550 mobile computers. The new system will be rolled out across all UPN depots over the next six months and expected to become fully operational by the mid 2013. Once fully implemented, UPN customers will have the benefit of on-line access to a detailed summary of their freight and the ability to track it through the network, from point of collection to delivery point.

http://www.investegate.co.uk/Article.aspx?id=201211010700158911P

A premium valuation is deserved Clinigen is well placed (with £20m available) to make product acquisitions. However, it will be difficult for the success of Foscavir to be easily replicated. Nonetheless, Clinigen offers an appealing combination of organic growth coupled with periodic boosts from corporate activity. The historic earnings multiples suggest the shares are well valued, but the company’s growth prospects support such a rating. More relevantly, Clinigen’s specialised nature and unique position means a premium valuation is amply justified

http://www.edisoninvestmentresearch.co.uk/researchreports/Clinigen011112QV.pdf

Valuation: Cheap on successful leveraging of the IP We are maintaining our forecasts. The shares trade on c 25x our FY12 EPS falling to c 23x in FY13, which reflects the growth potential on back of the recent strong deal flow momentum. Further, our forecasts are based on relatively conservative pricing and penetration assumptions. The potential to increase usage in existing theme park operator customers and widen into new verticals provides significant upside potential

http://www.edisoninvestmentresearch.co.uk/researchreports/loq011112update.pdf

David Leeder, Chief Executive Officer of MET, said: "This deal further strengthens our position in the strategically-attractive Frankfurt region and demonstrates our policy of creating strong regional hubs with scope for both scale economy and organic growth. We are delighted to welcome Mr Kraus and his team to the MET business. The additional contract wins also demonstrate our ability to grow the businesses that we have purchased." Mark Watts, Executive Director of MMP, said: "The MET management team continue to demonstrate their ability to complete bolt-on acquisitions and grow through contract wins. The pipeline of further opportunities also remains strong."

CONT Bonifer-KR will be integrated into MET's existing subsidiary BRH ViaBus GmbH ("BRH"), in line with MET's strategy of clustering operations around regional hubs to create operational synergies and build on the expertise of local management teams. Uwe Kraus, Managing Director of Kraus Reisen, will join the BRH management team. MMP also announces that MET has been awarded a contract for the operation of local bus services in the Germersheim area by the regional transport agency VRN. The contract comprises a mixture of regular route operations and student transport and is expected to generate revenues of approximately €3.0 million per annum. The eight year contract will commence in December 2012 and will involve the operation of 41 vehicles. These services will also be operated by BRH. MET's subsidiary, Axel Tücks GmbH, has also won further contracts which commenced during August adding 22 vehicles which are expected to generate annual revenues of approximately €1.0m per annum. The acquisition of Bonifer-KR and the contract expansion will take the total MET bus fleet in Germany to 380 vehicles from December 2012.

Marwyn European Transport ("MET") strengthens its Frankfurt operations via fifth acquisition and secures further bus operating contracts London -1 November 2012. Marwyn Management Partners plc ("MMP") today announces that its subsidiary Marwyn European Transport plc ("MET") has acquired the German bus operations of both the Bonifer Group and Kraus-Reisen (together "Bonifer-KR"). MET has paid cash consideration of €1.1m and has assumed €4.0m of net finance lease obligations as part of the acquisition. Bonifer KR consists of the bus operators Andreas Bonifer Verkehrsunternehmen GmbH and Kraus-Reisen Omnibusbetriebs GmbH ("Kraus Reisen"), bus maintenance provider Bonifer Werkstatt und Service GmbH, and a 50% equity stake in the contract bidding joint venture Südhessen Bus GmbH. The vendors will continue to own and operate the existing Bonifer road freight business which is not included as part of the transaction. Bonifer-KR operates 34 vehicles providing contracted local bus services in the Frankfurt region. In the year ended 31 December 2011, Bonifer-KR generated unaudited revenue of circa €5.6m. The enterprise value of €5.1m represents an historical EBITDA multiple of approximately 4.7x.

http://www.investegate.co.uk/Article.aspx?id=201211010700110318Q

OUTLOOK Production for SOCO's Vietnam assets is expected to continue at the current rates for the remainder of the year with temporary fluctuations occurring due to well intervention work and facilities and FPSO testing. Production capability could be increased in both projects early next year as drilling is anticipated to include an additional producing well on CNV and a step out appraisal well for the previously undrilled H5 fault block on TGT. The Company continues to negotiate for new projects which would give us larger footprints in regions where SOCO already has a presence, and continues to evaluate other projects in new areas of interest. Progress has been made on both initiatives, with the Nanga II A area exploration licence in the Republic of Congo added to our portfolio this year. SOCO's primary focus has been on oil projects in hydrocarbon prone regions that can be commercialised within reasonable time frames to enhance its asset portfolio. The priority remains to build shareholder value and the Directors continue to examine all avenues of achieving this goal.

INTERIM MANAGEMENT STATEMENT SOCO, an international oil and gas exploration and production company, today announces its Interim Management Statement relating to the period from 1 July 2012 to 31 October 2012. OVERVIEW · Production for the three quarters ended 30 September 2012 was approximately 400% higher than the same period in 2011 and averaged 13,755 barrels of oil equivalent per day ("BOEPD") net to the Company's working interest (18,824 BOEPD week ended 26 October). Entitlements production was approximately 1,000 BOEPD higher than the working interest. · Net cash as at 31 October 2012 was approximately $170 million (30 June 2012: $178.0 million and 31 December 2011: $113.5 million). · The Te Giac Trang ("TGT") H4 Wellhead Platform ("H4-WHP") commenced production a month ahead of schedule in July 2012, increasing total field production to average above 50,000 barrels of oil per day ("BOPD") since start up; peak production reached over 60,500 BOPD; production for the last 24 hour period reported (30 October) was 58,867 BOPD. · In July 2012, the Company announced and completed the acquisition of the outstanding 20% non-controlling interest in SOCO Vietnam Ltd for cash consideration of $95 million. · Lideka Marine East Well 1 is expected to spud offshore the Republic of Congo before the end of 2012.

http://www.investegate.co.uk/Article.aspx?id=201211010700110322Q

Outlook Since our interim announcement at the end of August, the Group has continued to trade strongly, with consistent like-for-like sales growth in both September and October. We remain on track to meet expectations for the full year. TRG has a distinct market positioning with strong brands and great value-for-money offerings and a superb pipeline of new sites. We have an experienced and highly motivated team and a clear focus on delivering consistently excellent levels of service and hospitality. Our team is working to ensure that the Group continues its profitable progress.

The Restaurant Group plc Interim Management Statement for the 43 weeks to 28 October 2012 The Restaurant Group plc ("TRG" or "the Group") provides the following update on trading for the 43 weeks to 28 October 2012 together with a commentary on the outlook for the remainder of the financial year (52 weeks to 30 December 2012). Current trading TRG has continued to make good progress and, after 43 weeks trade in 2012, total sales are 8.25% ahead of the comparable period in 2011 and like-for-like sales are 3.5% ahead. We have opened 16 new sites in 2012 to date. These openings are performing well and are set to deliver strong returns. A second Coast to Coast restaurant at The Gate in Newcastle opened in August and two weeks ago we opened a third Coast to Coast in Stevenage. All three Coast to Coast restaurants are trading strongly and we expect to have five Coast to Coast restaurants in total by the end of this year. Across the Group we expect to open a total of between 26 and 29 new restaurants in 2012 and we have a good pipeline developing for 2013 and beyond. Balance sheet & financing The Group's balance sheet position remains very solid with continuing strong cash generation, which allows the Group to continue to invest in our existing portfolio and open new restaurants whilst continuing to reduce its net debt.

http://www.investegate.co.uk/Article.aspx?id=201211010700110333Q

Tempus in The Times writes that Standard Life has had a fabulous run over the past five months with its shares soaring 40 per cent. Although yesterday’s third-quarter figures were a mixed bag, there were enough encouraging signs to keep analysts largely content. Its recent appeal is because it looks like one of the biggest beneficiaries of two of the most significant changes in a generation to the retail investment landscape — auto-enrolment and the Retail Distribution Review. Prospective earnings per share this year put it on a headline multiple of 13.8 times — not especially cheap, but the yield is an attractive 5.1%. While some investors may be tempted to take profits after the recent spurt, there should still be decent returns for those prepared to hold on for more.

I think sthis is a great bit of kit and the trials will hopefully prove its worth - certainly first indications are very positive