Member Info for mulledwine

http://www.growthcompany.co.uk/recommendations/1630468/zytronic-touch-the-future.thtml

Nigel Stein, CEO of GKN Driveline said: "This strategic addition will enhance GKN Driveline's ability to meet its customers' needs in drivetrain electrification. It is aligned with our strategy of supporting vehicle manufacturers as they search for fuel savings and reduced CO2 emissions through hybrid and electric drive vehicles." David Latimer, CEO of EVO Electric said: "This alliance with one of the automotive world's leading `Tier One' suppliers and a leader in electric-drive axle and transmission technology represents a major break-through for us. It will be pivotal in establishing EVO as a key player in the fast-growing global market for electric drive components."

Re Joint Venture NEWS RELEASE GKN plc 22 June 2011 GKN Driveline expands into electric motors GKN Driveline, the world's leading supplier of automotive driveline systems and solutions, has formed a joint venture with EVO Electric Ltd, a UK pioneer in advanced electric drive solutions for the automotive sector. The new business, GKN EVO eDrive Systems, will manufacture and sell axial flux electric motors and drive systems for use in hybrid and all-electric vehicles. GKN will also acquire 25.1% of EVO Electric. GKN will provide financing in a combination of debt and equity together with engineering and commercial resources to enable the establishment and growth of the joint venture. The total value of GKN's investment at closing is £5million consideration in cash.

http://www.investegate.co.uk/Article.aspx?id=20110622093043P86FE

Just come across this company - nice results and SP movement of late

Business and Financial Review We have seen further increases in demand during the financial year and we have added further shifts to match the increased order levels. Revenue has increased by 74% to £105 million of which 60% was exported. The despatch weight of castings to third party customers was 50,600 tonnes, being an increase of 18,800 tonnes from the previous year. Revenue from the machinist operation, CNC Speedwell, increased by 151%. The speed at which volumes increased did result in some temporary inefficiencies in production which, along with raw material price increases, have impacted on margins when compared to pre-recession levels. The use of the new foundry at William Lee continues to increase as volumes rise. During the year we have received £0.86 million from the administrators of the UK subsidiaries of the Icelandic banks. This brings the total sums received to-date to £2.06 million which is £0.2 million in excess of the original estimate of recoverable amounts. Given the uncertainty over the quantum and timing of any possible further receipts, no allowance has been made for future recoverable amounts. The level of finance income again reflects the prevailing low interest rates during the year. The overall cash position at the balance sheet date has reduced by £1 million as the group has invested £9 million in plant and equipment during the year which has off-set the £13 million net cash generated from operating activities (excluding dividends paid of £4.4 million). The pension valuation showed a further improvement in the surplus, on an IAS 19 basis, to £6.7 million. This continues to not be recognised on the balance sheet due to the restriction of recognition of assets. Overall the group returned a profit before taxation of £15.5 million for the year, which includes a £0.4 million credit in respect of the defined benefit pension schemes (as set out in note 6) in accordance with IAS 19. The directors are recommending a final dividend that will be paid August which, with the interim dividend paid in January, will result in the return of £4.7 million to shareholders.

http://www.investegate.co.uk/Article.aspx?id=201106220900018640I

Yes might be an interesting play folks - although from personal experience people are getting 'fed up' of facebook and I think recent figures for May showed 100k UK users left FB albeit they claim world figures continue to rise. Worth a bit of reasearch though.

Jonathan Rowland, Chairman of Jellybook, said: "We are delighted that the investment community shares our excitement about Jellybook and its investment proposition. We believe we will provide a real opportunity for UK investors, both institutional and retail, to invest in the social media sector. We are actively seeking out the best companies in the sector to provide our chosen target with both growth capital and sector expertise, as well as to giving our investors their desired access to this fast-growing sector. We look forward to bringing you more news on our strategy in due course."

http://www.investegate.co.uk/Article.aspx?id=201106220700118690I

Thierry Falque-Pierrotin, Chief Executive, commented: "We have made progress against our strategic agenda despite the challenging market conditions. Overall we remained ahead of our markets, successfully grew our profitable web sales, improved the results of Darty France and have taken actions to improve performance at the other businesses. "We anticipate all our markets will be challenging for the current financial year, particularly in the first half against the World Cup comparatives of last year. However from improved market positions in most of our markets, further cost measures in all countries with specific restructuring at Comet, BCC and Darty Spain and the strength of our cash generation and balance sheet, we are well prepared for these conditions. We remain focused on delivering our strategic plan - further rolling out our specialist business model and improving profitability across the Group. " David Newlands, Chairman, commented: "Overall the Group continued to demonstrate its resilience to difficult market conditions and I am pleased that our earnings position and continued strong cash generation have enabled us to recommend an increase in the total dividend for the year of 6.1 per cent to 7.0 cents per share. "We have a strong turnaround plan for Comet to restore its profitability in the medium term and in parallel we are examining strategic alternatives to ensure the best overall value for shareholders."

Financial Highlights · Group revenue increased 2.2% to €5,917.3 million (2010: €5,789.1 million), an increase of 0.7% in constant currency¹ and a decrease of 1.8% on a like-for-like basis · Group retail profit² declined 2.7% to €107.0 million (2010: €110.0 million), a decline of 2.9% in constant currency¹ · Adjusted3 Group profit before tax increased 2.3% to €93.2 million (2010: €91.1 million) · Adjusted EPS increased 2.8% to 10.9 cents (2010: 10.6 cents) · Free cash flow4 of €112.3 million (2010: €165.4 million) with net cash at the year end of €121.0 million (2010: €91.1 million) · The Board is recommending a final dividend of 4.75 cents per share, bringing the total dividend to 7.0 cents per share, an increase of 6.1% on last year's 6.6 cents per share

Statement of Results for the 12 months ended 30 April 2011 · The Group made further progress against its strategic agenda in challenging market conditions: o Overall gained market share whilst gross margin remained stable o Significant increase in web generated sales in line with our cross channel strategy o Improved profitability at Darty France and Vanden Borre reflecting the strength of the Darty concept o Strong turnaround plans commenced at Comet, in parallel examining other strategic alternatives o Strong focus on cost to serve across the Group with specific restructuring actions at Comet, BCC and Darty Spain

http://www.investegate.co.uk/Article.aspx?id=201106220700098595I

Antony Odell, Managing Director of Tissue Regenix, said: "We are pleased to have been chosen by the European Commission to receive this funding, a recognition which provides further validation for our technology platform as well as allowing us to explore additional opportunities to expand our product pipeline at minimum cost to the company."

Tissue Regenix receives €280,000 grant funding from the European Commission YORK, 22 June, 2011 -Tissue Regenix, the regenerative medical device company, announces that it has received just over €280,000 grant funding from the European Commission. The grant, provided under the Seventh Framework Programme (FP7), will be used to fund the development of dCELL® grafts for applications in cardiac and vascular surgery.

http://www.investegate.co.uk/Article.aspx?id=201106220835498849I

Richard Green, Chief Executive, said: "Admission to AIM is an important landmark in our development. The funds raised will enable us to maintain our track record of international growth and provide us with a strong platform to support the rapid growth of our RTLS division and to develop our Geospatial business, both organically and by acquisition."

First day of dealings Ubisense Group plc (AIM: UBI, "Ubisense" "the Group" or "the Company"), the Cambridge headquartered real-time location solutions (RTLS) company, announces the commencement of dealings in its Ordinary Shares on AIM today under the ticker code UBI and the ISIN number of GB00B3NCXX73. Ubisense, which is headquartered in Cambridge, is the market-leading location solutions company, delivering mission-critical enterprise asset tracking and geospatial systems that bring visibility and control to previously intractable business processes. The Group operates in two divisions, RTLS and Geospatial. Ubisense's RTLS division is a world leader in real-time location solutions enabling companies to track assets (such as tools, people and vehicles) within factories and other indoor environments in real time in three dimensions, helping its clients, which are primarily in the automotive, aerospace and transportation industries, to bring visibility and control to business processes. The Geospatial division uses Ubisense's expertise in location solutions to help large infrastructure companies, such as utilities and telecom companies, to map, plan, manage and optimise their networks across large geographic areas. Placing statistics Placing price per ordinary share 180p Number of new Ordinary shares placed 4,817,867 Gross proceeds of the Placing for the Group £8.7 million Gross proceeds for the Group £5.0 million Gross proceeds for selling shareholders £3.7 million Percentage of enlarged share capital in public hands on admission 76.6% Market capitalisation at the placing price £38.6 million Number of Ordinary shares in issue following admission 21,421,758 Canaccord Genuity Limited is acting as the Company's Nominated Adviser and Broker and acted as sole book-runner on the Placing.

http://www.investegate.co.uk/Article.aspx?id=201106220830018645I