Member Info for mulledwine

Surely overdone here - did it drop to 250! wish I had seen that !

IndigoVision Group plc ("IndigoVision" or the "Group") Trading Update Since our interim results announcement in March, the Group's rate of growth has slowed. We continue to expect that full year sales will exceed last year's revenue of £28.0m, but that they will fall short of internal forecasts. As we indicated in our interim report, gross margins weakened marginally in the first half. This has continued into the second half and we now expect gross margins for the year as a whole to be some 2% lower than last year. As a result, we anticipate that group profits for the year to 31 July 2011 will be significantly below current market expectations. The global market for IP video continues to develop at an encouraging rate, and we remain confident in IndigoVision's future, whilst being realistic about the risks and challenges which the group faces. In line with our normal practice, a further trading update will be issued immediately following the group's financial year end.

http://www.investegate.co.uk/Article.aspx?id=201106170700105958I

Tex Holdings plc Annual General Meeting - Friday 17th June 2011 Chairman's Update on Trading In spite of the economic conditions, trading has been in line with expectations and ahead of the previous year. The Engineering Division is currently particularly busy, but management remain cautious of another dip in trading. The Plastics and Boards and Panels Divisions are trading ahead of the previous year. The Group is approaching the second half with cautious optimism as it is felt the general economic situation remains fragile.

http://www.investegate.co.uk/Article.aspx?id=201106171244096633I

kech - oh yes I would take 50p without thinking! - yes a placing now would dessimate the SP - If they can hold off until furnaces are back online that may make the world of a difference however I do feel that the Market may be thinking that IFL might not be able to put off until then hence the continual drip albeit I appreciate that there are also concerns over future ferrochrome prices ...dont you just love the tension!

Previous post well worth a read folks

http://www.stockopedia.co.uk/content/fraser-mcgee-works-with-new-management-to-recover-a-golden-opportunity-for-triple-plate-junction-57439/

Ruling on UK tobacco vending appeal The Court of Appeal has today dismissed an appeal by Imperial Tobacco Group PLC's cigarette vending machine subsidiary Sinclair Collis over legislation to ban sales of tobacco from vending machines in the UK. Today's ruling upholds a decision by the High Court in December 2010 to reject Sinclair Collis' legal challenge to the relevant sections of the UK Health Act 2009 which seek to ban tobacco vending sales from 1 October 2011. Two of the three Court of Appeal judges agreed that the High Court's decision should be upheld. The view of the third judge was that a ban on tobacco vending sales was disproportionate. We will be asking the Court for permission to appeal the decision to the Supreme Court. If permission to appeal is granted, we have also asked the Court to delay implementation of the vending ban until the appeal has been decided.

http://www.investegate.co.uk/Article.aspx?id=201106171143496529I

French / myo - many thanks for the info - it all helps building a picture - I have this on a watch too - good luck folks - we definitely all need it just now !

minted - not the most encouraging of broker notes! Looks like a continued drop here - I rue the day !

Mr Milan - you were correct re drop on results. Fair call.

Credit Suisse reiterates neutral on WS Atkins, target price raised from 706p to 752p

A couple of days ago some official statistics showed that the market for anaesthetic products is starting to rise again, albeit by a couple of percentage points only. The market remains tough, and it is this into which Consort Medical is about to launch its most important product for years, a new video laryngoscope. The shares have been strong performers since last summer and sell on just short of 12 times earnings; a good long-term play, but up with events for now, says the Times.

Geoff Drabble, chief executive of Ashtead Group, continues to insist that, even knowing what he knows now, he would have pushed ahead with the 2006 purchase for $1bn of Nation’s Rent of the US, which made it one of the biggest players in the US industrial hire market. But the US construction market is still refusing to show any signs of recovery. The shares are on about 23 times this year’s earnings; not much to go for just now unless you take a very optimistic view of US construction, according to the Times.

Victoria supplied the red carpet which ran through Westminster Abbey on our future king’s big day in April. On Wednesday, the floor coverings manufacturer revealed its preliminary results, and – aside from gaining the regal seal of approval – it conceded that in the UK it was seeing the “toughest environment… for years”. Given the economic pressures on the British consumer, plus cost pressures, there are reasons to be cautious, but there is enough here to suggest that Victoria can hold its own, despite the rocky macro backdrop. Buy, says the Independent.

Premier Farnell’s share price had risen by more than 50% since the start of 2010 before yesterday’s 9% fall, so a correction was probably inevitable as soon as the electronics distributor undershot the market’s forecasts. Though Asian markets such as China, sales up 14%, and India, up 50%, continue to grow strongly, the Singaporean and Malaysian businesses disappointed, in part because management were distracted by the disaster in Japan. The shares, at 252p, are on less than 13 times this year’s earnings, while the strong balance sheet allows the prospect of higher dividends and a yield that could approach 5 per cent. But when the market flips like this, short-term progress could be slow, says the Times. The Independent says Premier Farnell shares trade at about 13.5 times forecast full-year earnings, falling to about 12.5 times 2012 levels. That’s in line with historic multiples, though cheaper than rival Electrocomponents, with a serviceable yield of 4 per cent. Given our concerns and yesterday’s statement, however, they look fairly valued, says the paper, which has an ‘avoid’ stance on the shares.

Anyone want to comment on the director deals !? Have a look ?

To: London Stock Exchange Attention: RNS Date: 17 June 2011 From: F&C Asset Management plc (the "Company") Notification under paragraphs 3.1.2 to 3.1.4 of the Disclosure and Transparency Rules F&C Asset Management plc (the "Company") announces that it was notified on 16 June 2011 that SIGA, LP an associate of Mr Edward Bramson, a director and chairman of the Company, acquired a beneficial interest on that date of 80,000 ordinary shares in the Company at an average price of 73.66 pence per share.