Member Info for mulledwine

Analyst view: Buy Asa Bridle, metals and mining analyst at Seymoure Pierce rates Norseman stock a ‘buy, which a target price of 52p. “From a financial perspective, the company still has a considerable distance to travel,” he said in a note. “Given the full year production shortfall, the company has also increased its expected pre-tax loss to a range of A$13-14m from April's indication of A$5-8m (SP forecast -A$6.4m).” “While mine by mine production details are not provided, alongside the lower than expected production level, costs appear to have remained high with the North Royal open pit yet to achieve its dominant position in the overall production profile.” “The A$15m working capital facility announced earlier this month should provide comfort to the business while it continues to implement the conclusions of the operational review and ramp up production at the North Royal pit to complete its 'fill the mill' strategy.” “Ahead of the 4Q report expected by the end of the month and the final results expected by 31 August, we move our FY11 forecast into line with the final production volume and lower end of the earnings guidance given today (i.e. 50,173oz and LBT of A$14m). While the operational position remains unsatisfactory, we believe today's update does bring some cause for optimism and we retain our buy recommendation. There is still much work to be done though.”

http://www.iii.co.uk/articles/16333/norseman-tumbles-full-year-losses

Acquisition of Virid Interatividade Digital Ltda 22 July 2011 - Experian, the global information services company, announces that it has acquired Virid Interatividade Digital Ltda ("Virid"), a leading email marketing company in Brazil. The acquisition is a further step in Experian's strategy to expand its targeted digital marketing activities globally, and extends the geographic reach of Experian's email marketing business into the key market of Brazil. Experian is the largest permission-based email marketer globally, providing services in all of the top 10 advertising markets in the world, including the US, the UK, Germany, France, China and now Brazil. Founded in 1996, Virid is one of Brazil's largest email service providers, offering email delivery, email based behavioural segmentation, real-time campaign reporting, mobile delivery and social media integration. The company has over 800 direct and 3,000 indirect clients including retailers, advertising agencies and news organisations. For the year ending 31 December 2010, revenue for Virid was R$9m (c.US$5m). Gross assets as at 31 December 2010 were R$2m (c.US$1m). Virid was acquired from its founding shareholder and management and will form part of Experian's Marketing Services activities in Latin America. The acquisition has been funded from Experian's existing cash resources.

http://www.investegate.co.uk/Article.aspx?id=201107220900018806K

Pre-Close Trading Update Work Group plc (LSE - AIM: "WORK"), announces ahead of its close period that net fee income (gross profit) for the six months ended 30 June 2011 was £6.4m, 7% up on the corresponding period last year. In addition, the balance sheet remains strong with no debt. As a consequence, management is confident that full year expectations will be met. The Company will announce its half year results for the six months ended 30 June 2011 on 16 September 2011.

http://www.investegate.co.uk/Article.aspx?id=201107220700078428K

http://www.investorschronicle.co.uk/Companies/ByEvent/NewIssues/Analysis/article/20110720/8583ca32-b210-11e0-86ff-00144f2af8e8/New-floats-have-long-pedigree.jsp?utm_campaign=IC%2BDaily%2B-%2BFree&utm_source=emailCampaign&utm_medium=email

Paper and packaging firm Mondi expects profits for the first half of 2011 to be “considerably higher” than in the same period last year, it said in an announcement today.

Ever since it changed its name from Galiform last September, Howden Joinery has been a steady winner. A major component of the group's success has been the fact that it only supplies kitchens to builders rather than being involved directly in the retail market, something which has helped it through the recession. So, hold for now, as economy is weak, but we would happily buy on weakness, says the Independent.

Crunch week for AstraZeneca, our second-biggest pharmaceutical company, and this is only the start of the hard work ahead. On Tuesday night Astra’s treatment for type 2 diabetes was given the thumbs down by an advisory committee of the US Food and Drug Administration. A day later, the heart attack treatment Brilinta was approved by the FDA, albeit with a fair few caveats. Astra shares, up 2% on the latest news from the FDA, are on a discount to the rest of the sector, about seven times this year’s earnings, while yielding about 6%. That discount looks justified until prospects for Brilinta are clearer, says the Times.

Buy Red Hot Media International (RHM) at 30.5p

http://sharecrazy.com/beta/Tips/5579/buy-red-hot-media-international-rhm-at-305p

http://www.investegate.co.uk/Article.aspx?id=201107220700098627K

C&W Communications holds steady in the sun Date: Friday 22 Jul 2011 LONDON (ShareCast) - Cable & Wireless Communications, which operates telecomms businesses in the Caribbean, Panama, Macau and Monaco, says performance in its first quarter has been “satisfactory”. The Caribbean area, which excludes the separate Bahamas business, was down on 2010 as promotional activities ended in Jamaica. C&W Communications claims the launch of inter-island roaming within The Bahamas has been well received. In Macau, iPhone penetration has boosted revenue but in Monaco the number of fixed line subscribers fell. The company believes current indicators are in line with expectations but will give a clearer picture in the half yearly results due in September.

TSX Venture Exchange Conditional Approval, AIM Admission and Closing of Placing Afferro Mining Inc. ("Afferro" or the "Company"), the TSX-V / AIM (AFF) listed exploration and development company with iron ore projects in Cameroon and Liberia, is pleased to announce that, further to the Company's news release dated 19 July 2011, the Company has received TSX Venture Exchange ("TSX-V") conditional approval for and, upon the admission of such shares to trading on AIM today ("Admission"), has closed its placing of 17,261,452 common shares in the capital of the Company ("Common Shares") (the "Placing") and subscription of 57,445 Common Shares, all at 90 pence per share. The Placing raised aggregate gross proceeds of approximately £15.5 million (approximately US$24.9 million and approximately £14.9 million or US$23.9 million net of expenses). Following admission of the new Common Shares, the total issued share capital of the Company is 103,655,420 Common Shares, all of which have voting rights. The above figure (103,655,420) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company. In consideration for their respective services as Joint Bookrunner, Joint Bookrunner and Co-Lead Manager in connection with the Placing, the Company has agreed to pay Evolution Securities Limited, RBC Capital Markets and GMP Securities Europe LLP an aggregate cash commission of approximately £0.7 million. The shares issued in the Placing are subject to a hold period in Canada and may not be traded in Canada until 23 November 2011, except as permitted by applicable Canadian securities laws and the policies of the TSX-V.

http://www.investegate.co.uk/Article.aspx?id=201107220804298638K

First Day of Dealings London, 22nd July 2011: Kentz Corporation Limited (LSE: KENZ), the holding company of the Kentz engineering and construction group, is pleased to announce that the admission of its entire issued ordinary share capital to the Official List of the UK Listing Authority with a premium listing and admission to trading on the London Stock Exchange plc's main market for listed securities ("Admission") became effective at 8.00 a.m. today. Trading in the Company's ordinary shares on AIM was cancelled simultaneously. The Company's stock code will continue to be LSE: KENZ, with ISIN of JE00B28ZGP75 and there were 116,371,470 ordinary shares in issue on Admission. Evolution Securities Limited and Morgan Stanley & Co. International plc are acting as Joint Sponsors to the listing. An electronic copy of the prospectus published on 24 June 2011 and supplementary prospectus published on 15 July 2011 are available at www.hemscott.com/nsm.do, and are also available on Kentz's website at www.kentz.com. The prospectus and supplementary prospectus are also available for inspection during normal business hours at the Company's registered office, IFG House, 15 Union Street, St. Helier JE1 1FG, Jersey, and at the offices of the Company's legal advisers, Simmons & Simmons LLP, CityPoint, One Ropemaker Street, London EC2Y 9SS.

http://www.investegate.co.uk/Article.aspx?id=201107220804238610K

Close Brothers Group plc Trading Update Close Brothers Group plc ("the group" or "Close Brothers") today issues its scheduled pre-close trading update ahead of its 2011 financial year end. All statements in this release relate to the group's performance over the five months to 30 June 2011 unless otherwise stated. Close Brothers will be releasing its full year results for the twelve months ending 31 July 2011 on 27 September 2011. Group and divisional performance Close Brothers has delivered a sound performance in the period. The Banking division's strong performance has continued. Good growth in the loan book of 7% in the period and 16% year to date to £3.4 billion at 30 June 2011 (31 January 2011: £3.2 billion) was driven by continued strong demand across Commercial and Retail. The net interest margin has remained strong and, as expected, the bad debt ratio in the period has reduced relative to the first half. In the Securities division, Winterflood has had a slower performance reflecting challenging market conditions in the last three months. Whilst average bargains per day were broadly in line with the first half overall, income per bargain was impacted by the weaker trading conditions. Close Brothers Seydler has continued to benefit from good capital markets activity whilst Mako's performance has remained subdued. The Asset Management division continues to invest in its Private Clients business and delivered a small loss in the period as expected. Funds under Management ("FuM") at 30 June 2011 increased to £9.7 billion (31 January 2011: £8.2 billion) principally reflecting the acquisition of Cavanagh Group plc with £1.5 billion of client assets, which completed in the period. Outlook Although there has been a slowdown in the Securities division, the group expects to deliver a satisfactory performance for the 2011 financial year.

http://www.investegate.co.uk/Article.aspx?id=201107220700078363K