Member Info for mulledwine

Mark Jones, AME's CEO commented: "The granting of these permits in Guinea not only adds three exciting grassroots exploration opportunities to our portfolio of existing Malian assets, but also provides further credibility to AME's ability to work effectively within the region. We look forward to keeping shareholders updated on progress with these opportunities over the months ahead."

Granting of Permits in Guinea African Mining & Exploration plc (AIM: AME), the AIM listed mining company with exploration licences in Mali, West Africa, is pleased to announce that it has been granted three gold Reconnaissance Permits in Guinea. These permits provide AME with the exclusive right to search for gold and confirm prospectivity before the need to apply for a full Exploration Permit. Reconnaissance Permits are issued for three months and are renewable one time for an additional period of three months. Two of the three permits are in the Siguiri region, and the third is in the Dinguiraye region. All three permits have been granted to AME's wholly-owned Malian subsidiary by the government of Guinea.

http://www.investegate.co.uk/Article.aspx?id=201106230700099523I

Arena Leisure PLC Response to recent press speculation and commencement of offer period The Board of Arena Leisure PLC (the "Company") notes the press speculation concerning the Company and the movement in its share price. The Company confirms that it is reviewing possible options to increase value for its shareholders, which may include a possible offer for the Company. This review has only just commenced and there is no certainty that the review will result in any change to the Company or an offer being made for the Company.

http://www.investegate.co.uk/Article.aspx?id=201106230700109656I

Commenting on today's announcement Chris Gibson-Smith, Chairman of LSEG and future deputy Chairman of LTMX, stated: "This is great news for shareholders. This special dividend makes the LSEG / TMX Group merger even more compelling. Shareholders will benefit from cash upfront, plus the opportunity to participate in the ownership of an international exchange leader. Our new progressive dividend policy demonstrates our belief in the exciting growth opportunities and future for LTMX as an innovative and competitive international business." Xavier Rolet, Chief Executive Officer of LSEG and future Chief Executive Officer of LTMX, added: "Both financially robust, both with enviable balance sheets, the merger of LSEG and TMX Group will create a low leverage, highly-flexible and ambitious merged business. The special dividend and our new dividend policy reflect the strong performance of our organisations and signal our absolute commitment to delivering both growth and shareholder value."

London Stock Exchange Group plc ("LSEG") announced on 9 February 2011 an agreed all-share merger of equals with TMX Group Inc. ("TMX Group") to create an international growth-focused transatlantic exchange leader. Today, LSEG is pleased to announce, together with its merger partner TMX Group, a proposed special cash dividend (the "Special Dividend") for holders of LSEG shares and TMX Group shares and a revised progressive dividend policy for the merged business, LTMX Group plc ("LTMX"), both effective upon completion of the merger. § Special Dividend of 84.1 pence per share for LSEG shareholders § Special Dividend of C$4.00 per share for TMX Group shareholders § Progressive dividend policy for LTMX, to be based off current TMX Group dividend § Strong cash returns for both LSEG and TMX Group shareholders, while maintaining disciplined leverage § Reflects the financial strength and flexibility of LTMX § Demonstrates confidence in the substantial growth opportunities for LTMX § TMX Group has reiterated its recommendation of the LSEG / TMX Group merger and rejection of the Maple proposal

http://investegate.co.uk/Article.aspx?id=201106221800209476I

At its AGM Autologic Holdings (ALG), the provider of support services to the automotive industry, said that sales volumes since 1st January to the end of May were ahead of the same period in 2010 on a like-for-like basis. As a result the firm expects results for the first half and the full year to be better than original expectations. the company put the performance down to greater activity in both the UK and Mainland Europe and the poor weather at the end of 2010 which deferred some activity into this year. Shares in the company gained 0.5p to 22p.

Engineering firm Weir Group (WEIR) has agreed to acquire a majority interest in a South Korean valves business formerly operated by HIM Tech Co. Located in Ansan, near Seoul, the business designs and manufactures control and choke valves for severe service power generation and oil & gas applications. In the year to 31th December 2010, HIM Tech's valves business recorded sales of $10.5 million. Weir shares gained 23.56p to close at 2,078p.

Following a positive pre-close statement, Brewin Dolphin reiterated its "conviction buy" stance for Hargreaves Services (HSP) with an unchanged target price of 1,174p. With trading for the year to May 2011 in line with expectations and net debt down to 66 million pounds, from 88 million pounds, the broker has confidence that cash can be generated at the same time as the group is growing profitability significantly. With momentum appearing strong, Brewin considers the stock one of its key picks for 2011. Hargreaves shares rose 20p to 1,040p.

Following Q2 results from the cruise line operator, Evolution Securities has reiterated its "buy" stance for Carnival (CCL) with an unchanged target price of 2,850p. With good visibility for Q3, an easing oil price and a recovery in non-US trades following the disruptions of the Arab Spring and Japanese Tsunami, the broker feels that the tide has now turned for the stock and forecasts a 30% rebound in earnings for 2012. Carnival shares dipped 6p to 2,318p.

Commenting on the announcement of an internet poker agreement between the California Online Poker Association (COPA) and Playtech (PTEC) joint venture Sciplay, Daniel Stewart notes that the deal sets Playtech up to derive significant value from a very large poker market. While accepting that it is unlikely online poker will be legalised and regulated in California during 2011, the broker believes that the agreement leaves the gaming firm well placed to take advantage of other opportunities in the US. Meanwhile, it also looks set to benefit from the pending Italian cash poker and casino market and further opportunities in the UK. Daniel Stewart therefore retains its "buy" stance and 541p target price. The shares remained unmoved at 335p.

Now I might even agree with this prediction... but Disney isnae making it easy

22nd June 2011 Analyst: Derren Nathan Email: derren.nathan@gecr.co.uk Tel: 0207 562 3371 Avesco Group - Initiation of Coverage. Strong Buy at 114.5p with a target price of 235p

JP Morgan reiterates overweight on RPC Group, target price reiterated at 394p

In responding to Fuller Smith & Turner PLC (Fuller's) statement from this morning Clive Watson, Chief Executive of Capital Pub Company, made the following comment: "Fuller's has made an indicative offer proposal at 200p and is seeking to justify an inadequate value for the Capital business by questioning the Group's growth potential. Shareholders have no formal offer to consider from Fuller's and the performance of Capital's management and business as outlined in its final results statement speaks for itself. The Capital Board have made it clear that there is no intention of engaging with Fuller's on the proposed indicative offer terms."

Current Trading The Company believes it would be helpful to give further detail on its current trading, including like-for-like sales figures, and to clarify the statement on current trading included in yesterday's final results announcement. For the first 10 weeks of the current financial year, the Group achieved 11% sales growth from the existing estate on a like-for-like basis, compared to the same period last year. The sales growth through pubs acquired or refurbished was 20%. The increase in Group sales for this period was 31%. Therefore the statement in the final results announcement under the heading "Current Trading and Future Strategy" should read as follows: "Current trading remains very strong and in the first 10 weeks sales are up 31% over this time last year".

Acquisition The Capital Pub Company Plc is pleased to announce that it has exchanged contracts to acquire the freehold and the business of The Village in Muswell Hill, London, N10. The consideration, payable in cash, is £2.9m. Completion is anticipated in mid July. The Village is a large pub comprising 6,000 square feet of trading space with upper parts of a further 4,000 square feet. It is close to our existing pubs in North London. The Village will be repositioned over the summer with a £150,000 refurbishment and reopening is planned for early September. This will take Capital Pub Company's estate to 35 pubs and further demonstrates the strength of its acquisition pipeline and its ability to seek out high quality single site acquisitions in line with its stated strategy of extending its estate to 45-50 pubs during 2013.

http://www.investegate.co.uk/Article.aspx?id=201106221300519168I