Member Info for mulledwine

EDUCATION DEVELOPMENT INTERNATIONAL PLC ISSUE OF EQUITY AND TOTAL VOTING RIGHTS DEFERRED CONSIDERATION PAYMENT BASED ON eNVQ REVENUE GROWTH Education Development International plc ('the Company'), the leading provider of educational qualifications and assessment services, announces that it has today made a deferred consideration payment in respect of the acquisition of eNVQ Limited ('eNVQ') on 31 May 2007. Under the terms of the purchase agreement, deferred consideration is payable on the basis of incremental revenue at the end of each of the four years following the acquisition. Over the past 12 months, eNVQ revenues have increased by £156,296, 27 per cent. Under the terms of the purchase agreement, 25 per cent of this amount £39,074 is now payable to the vendors and will be the last payment to be made in respect of the deferred consideration for the acquisition of eNVQ. The consideration will be partly satisfied by the payment of £29,306 in cash with the balance of £9,768 payable through the issue of 4,884 new Ordinary Shares of 1p each in the Company, at a price of 200p, representing less than 0.01% of the Company's enlarged issued share capital. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares in the Company. Application will be made for the new Ordinary Shares to be admitted to AIM at the earliest opportunity. Following the issue of the new Ordinary Shares, the total issued share capital of the Company is 56,364,531.

http://investegate.co.uk/Article.aspx?id=201106240824000480J

Bunzl on the prowl Date: Friday 24 Jun 2011 LONDON (ShareCast) - Distribution and outsourcing firm Bunzl is trading in line with expectations, despite tough times in its UK and Irish markets. At constant exchange rates group revenue in the six months to the end of April is expected to have increased 6% year-on-year, due to underlying growth of 3% and the positive impact from acquisitions, with a slight improvement in operating margin. After adverse currency translation movements, the revenue growth rate is expected to be 4%. North America has seen underlying revenue growth of around 4.5%, while operating margins are on a par with the comparable period of last year. Revenue in the UK and Ireland is stuck below last year's level but operating profit is at a similar level. In Continental Europe the underlying revenue growth rate has improved to more than 4% with consistent operating margins, while underlying revenue growth of about 5%, combined with a slight improvement in operating margins, has led to good profit growth in the Rest of the World. Bunzl remains committed to augmenting organic growth with acquisitions and described the environment for adding more companies to the Bunzl group as "promising", adding that it is in discussion with a number of interested parties.

tabes - yes certainly positive- gold minerisation continues and in a wider area and also the possibility of a connection between Tusker and Kilimani.

Tanzanian boost for African Barrick Date: Friday 24 Jun 2011 LONDON (ShareCast) - Gold miner African Barrick Gold has had further success with its in-fill drilling at its Tusker resource area at the Nyanzaga project in Tanzania. In-fill drilling continues to show good continuity of gold mineralisation throughout the Tusker deposit with further wide zones encountered on several sections, as well as the intersection of several high-grade zones, the company said. Additionally, in-fill reverse circulation drilling at the Kilimani prospect, some 200-300m north-east of the Tusker resource area, continues to show good continuity of the near surface oxide zones, and recent drilling has also intersected the first significant primary gold mineralization. Further shallow drilling is required to investigate the potential to link up the oxide mineralisation between the Tusker and Kilimani deposits.

Evolution Securities neutral on Enterprise Inns, target price 120p.

Bunzl plc, the international distribution and outsourcing Group, is updating the market today relating to the six months ending 30 June 2011 prior to entering its close period. The Company announces that: · Overall trading is consistent with expectations at the time of the Interim Management Statement in April. At constant exchange rates Group revenue is expected to have increased 6%, due to underlying growth of 3% and the positive impact from acquisitions, with a slight improvement in operating margin. After adverse currency translation movements, the revenue growth rate is expected to be 4%. · In North America underlying revenue growth continues to be strong at approximately 4.5% and operating margins are similar to the comparable period last year. · In the UK & Ireland, although revenue continues to be below 2010 due to continuing difficult trading conditions, operating profit is at a similar level. · In Continental Europe the underlying revenue growth rate has improved to more than 4% with consistent operating margins. · Underlying revenue growth of about 5%, combined with a slight improvement in operating margins, has led to good profit growth in the Rest of the World. Acquisitions continue to be a key component of the Group's growth strategy. The five acquisitions which have been announced to date in 2011 have annualised revenue of approximately £80 million. These acquisitions, together with the nine acquisitions announced in 2010, are integrating well. The current environment is promising and the Company is continuing discussions with a number of interested parties. Bunzl's well established competitive position, international growth strategy and strong cash flow and balance sheet should enable the Company to continue to increase shareholder value.

http://investegate.co.uk/Article.aspx?id=201106240700059785I

riddler - thanks will check out the IC article

Ray Anderson, CEO, commented: "Bango is delighted to now provide carrier billing for the Opera Mobile App Store; our second major app store. Bango is continuing to develop a number of other significant app store opportunities and our progress gives us confidence that we are well placed to accelerate growth in future periods."

Signs Second Major App Store Bango (AIM: BGO), the mobile payments and analytics company, announces today that it has signed an agreement with Opera Software to provide mobile payments for the Opera App Store. Under the agreement Bango will provide mobile payments worldwide for the Opera Mobile App Store, which can be accessed from phones that run the Opera Mini and Opera mobile browsers, as well as any other mobile browser. Today the browsers run on more than 100 million devices worldwide; and can be run on over 3000 different mobile phone models, including most major mobile operating systems. The Opera Mobile App Store is designed to provide apps configured for the user's individual device. The store currently delivers 1 million app downloads a day through an easy to run, browser-based interface. Bango is providing charge-to-mobile bill and other payment methods, such as credit card billing. The Bango mobile payment feature is expected to go live and generate revenues in calendar Q3 of 2011, the second quarter of Bango's financial year.

http://investegate.co.uk/Article.aspx?id=201106240700060363J

Commenting on the results for the year, Managing Director, Rob Perrins said: "I am pleased to report that Berkeley has performed strongly during the year, exceeding the targets set for both return on equity and land bank growth. The 20.2% growth in earnings per share reflects the depth of demand for well located property in London and the South East where supply is constrained and Berkeley has the land and expertise to deliver quality homes and places. In addition, Berkeley has acquired some 3,600 plots across 24 sites in excellent locations during the year, and has increased the number of active sites in line with our strategy to invest at this point in the cycle. The increase in forward sales of 25.5%, land bank growth of 13.1% and our planning successes contribute to an improvement in operational visibility. This provides us with confidence that Berkeley can maintain the rate of earnings growth in the current year and increase the value of the land bank over the next two years, through a combination of optimisation and land acquisition, before commencing the return in cash to shareholders envisaged in the long term plan."

Commenting on the strategic review, Chairman, Tony Pidgley said: "I am delighted that in the two years since shareholders supported the Board's proposal to invest at the right point in the cycle, Berkeley has made great progress and acquired a number of excellent sites in London and the South East, committing in excess of £500 million to the land bank in the process and laying the foundation for the next phase of the Group's strategy. The Board's recommendation to return £13 in cash over the next ten years is the result of these achievements. The long term plan announced today puts in place an exciting and challenging proposition that builds on the strengths of Berkeley's unique business model to realise significant value in cash for existing shareholders, yet retains sufficient working capital to invest in the continuing business and provides a real incentive for management to maximise its long term value. This strategic framework provides clarity over the corporate strategy and fully aligns the interests of management and shareholders for an extended period - an alignment that has been so important to Berkeley's success in the past."

24 JUNE 2011 EPS GROWTH OF 20.2%; UP 12.1 PENCE TO 72.1 PENCE PER SHARE VALUE OF LAND BANK UP 13.1% TO £2.3 BILLION OF FUTURE GROSS MARGIN ANNOUNCEMENT OF LONG TERM STRATEGIC PLAN AND RETURN OF £13 PER SHARE IN CASH The Berkeley Group Holdings plc ("Berkeley") today announces its unaudited preliminary results for the year ended 30 April 2011 together with the results of a strategic review. HIGHLIGHTS · Profit before Tax Up 23.5% to £136.2 million (2010: £110.3 million) · Operating Margin Up 1% to 18.3% (2010: 17.3%) · Net Asset Value per Share Up 11.4% to 709.2 pence (April 2010: 636.7 pence) · Share buy backs Acquisition of 3.8 million shares for £30.0 million at an average price of 785 pence per share. · Net Cash £42.0 million (April 2010: £316.9 million) · Cash due on Forward Sales Up 25.5% to £813.5 million (April 2010: £648.1 million) · Land Bank 27,026 plots and £2.3 billion of future gross margin - an increase of 13.1% since 30 April 2010 · Return on Equity Pre-tax return on shareholders' equity of 15.3% (2010: 13.3%)

http://investegate.co.uk/Article.aspx?id=201106240700060357J

Under the Maltese PSC, MOG currently holds a 90% operated working interest through its subsidiary PEL, with Leni Gas & Oil Investments Limited holding the remaining 10% of working interest. Following the completion of the Maltese Acquisition and the subsequent farm-in agreement, Dominion will hold a 75% operated working interest in the Maltese PSC. Under the terms of the farm-in agreement, Dominion will meet certain exploration costs up to a cap of US$1,260,000, on behalf of MOG in relation to its remaining 15% working interest. Dominion will also compensate MOG for a total amount of US$900,000 in certain historic costs, through the US$225,000 deposit mentioned above and a closing sum of US$675,000 under the farm-in agreement. The work obligations of the current period of the Maltese PSC comprise the acquisition of 1,000km2 of 3D seismic data and the drilling of one exploration well. The results of the seismic survey will enable the JV partners to define and evaluate the Tarxien prospect and other identified opportunities within Area 4, prior to any drilling decision. The long-offset 3D will also allow for a clearer analysis of the pre-tertiary rift-fill below the Eocene carbonates and potential Cretaceous targets. The first exploration period runs until January 2013 and there is a minimum spend requirement of US$5 million. The Company anticipates that the 3D seismic survey will cost between approximately US$8 million and US$10 million gross to undertake, which will satisfy the minimum spend requirement.

CONT Under the Maltese PSC, MOG currently holds a 90% operated working interest through its subsidiary PEL, with Leni Gas & Oil Investments Limited holding the remaining 10% of working interest. Following the completion of the Maltese Acquisition and the subsequent farm-in agreement, Dominion will hold a 75% operated working interest in the Maltese PSC. Under the terms of the farm-in agreement, Dominion will meet certain exploration costs up to a cap of US$1,260,000, on behalf of MOG in relation to its remaining 15% working interest. Dominion will also compensate MOG for a total amount of US$900,000 in certain historic costs, through the US$225,000 deposit mentioned above and a closing sum of US$675,000 under the farm-in agreement. The work obligations of the current period of the Maltese PSC comprise the acquisition of 1,000km2 of 3D seismic data and the drilling of one exploration well. The results of the seismic survey will enable the JV partners to define and evaluate the Tarxien prospect and other identified opportunities within Area 4, prior to any drilling decision. The long-offset 3D will also allow for a clearer analysis of the pre-tertiary rift-fill below the Eocene carbonates and potential Cretaceous targets. The first exploration period runs until January 2013 and there is a minimum spend requirement of US$5 million. The Company anticipates that the 3D seismic survey will cost between approximately US$8 million and US$10 million gross to undertake, which will satisfy the minimum spend requirement.

Offshore Malta Area 4 PSC (Blocks 4, 5, 6, 7) Farm Out of 75% Interest The Board of Mediterranean Oil & Gas Plc (AIM: MOG), the central Mediterranean focused producer, developer and explorer of oil and gas assets, is pleased to announce that Phoenicia Energy Company Limited ("PEL"), a wholly owned subsidiary of MOG, has entered into an Execution Agreement ("Execution Agreement") with Dominion Petroleum Limited ("Dominion") to farm-out a 75% operated working interest in the production sharing contract for Blocks 4, 5, 6 and 7 of Area 4 Offshore Malta ("Maltese PSC"), pursuant to a draft farm-in agreement (the "Maltese Acquisition"). Completion of the Maltese Acquisition is conditional upon (i) receipt of required Maltese government approvals and (ii) completion of the placing of shares by Dominion, announced on 24 June, 2011 ("Dominion Placing"). Under the Execution Agreement, Dominion will pay a deposit of US$225,000 to PEL, which is non-refundable in the event that the Dominion Placing does not complete, or Dominion is otherwise unable to enter into the farm-in agreement. Should the Maltese government approvals not be received, the deposit is refundable in its entirety. The Maltese PSC is situated to the north of Libya, covering an area of 5,715 km2 in Maltese waters. It includes both the Cretaceous rift potential of the Melita-Median Graben and the confirmed Eocene carbonate play of North Africa. A competent person's report on Area 4, completed by RPS Energy and prepared for MOG in March 2006, identified a number of prospects within the area. Of particular interest is the Tarxien prospect, a lower Eocene carbonate build up. Using Libyan oil field analogues, RPS estimated the prospect to have a gross recoverable un-risked P50 prospective oil resource of 115mmbbl with an 18% chance of success.

http://investegate.co.uk/Article.aspx?id=201106240704040523J