Member Info for mulledwine

Latchways plc is the world leader in the design, manufacture and sale of engineered fall protection safety systems, which offer continuous protection to individuals working at height. Latchways' systems are sold globally through a network of trained installers to a legislation-driven marketplace. These systems are used to provide worker safety on a diverse range of applications including commercial rooftops, wind power turbines, electricity transmission towers, aircraft wings and industrial plants. Summary · Strong growth led by new products and overseas markets · Overall revenues up 17% to a record £39.6 million (2010: £33.9 million) · Product revenues up 24% to £31.7 million (2010: £25.4 million) · Profit before tax up 22% to a record £9.3 million (2010: £7.6 million) · Diluted earnings per share up 24% to 61.07 pence (2010: 49.12 pence) · Net cash up £3.7 million to £10.9 million (2010: £7.2 million) · 15% increase in final dividend to 20.66 pence per share, total of 29.64 pence per share for the year (2010: 25.78 pence)

http://investegate.co.uk/Article.aspx?id=201106130700102798I

Red Hot Media profits soar Date: Monday 13 Jun 2011 LONDON (ShareCast) - Asian advertising group RedHot Media nearly doubled profits in the year to 31 December as markets improved gradually from the 2008/09 downturn. The company, which operates in China, Hong Kong and Malaysia, saw pre-tax profits jump by 95% from the previous year to RM9.2m (£1.9m) on revenues that climbed by 69% to RM44.3m. “Our outlook for the year 2011 shows promising growth as we are beginning to witness a recovery in the media and marketing sectors,” the company said. “We are also seeing an upturn in advertising expenditure, especially in our domestic markets, where consumer spending on white goods and electrical products, two of our key market segments, is on the rise.” Red Hot’s clients have included the electrical appliance maker Singer and the carmaker Fiat.

Xchanging buys two Cambridge firms for $71.7m By Benjamin Chiou Date: Monday 13 Jun 2011 LONDON (ShareCast) - Business processing firm Xchanging is acquiring two businesses from Cambridge Solutions for a total of $71.7m in cash. The Australian workers' compensation business, Cambridge Integrated Services Victoria PTY (CISV), and its Indian business process outsourcing business (CSLBPO) are currently 100%-owned by Cambridge, and in turn are already 76%-owned by Xchanging. "This transaction enables Xchanging to gain full ownership of the Assets and also to consolidate all of its insurance business interests worldwide," the statement said. CISV will be acquired for $16.7m, while CSLBPO will cost $67.1m, taking the total consideration for the acquisitions to $71.7m, after adjusting for debt. "These transactions simplify our business structure and our financing arrangements. They deliver repayment of the substantial part of the outstanding loan to CISGI [provided by Xchanging to Cambridge's US subsidiary], bring Xchanging 100% ownership of the major assets of Cambridge, reduce the level of minority interest and enable Xchanging to consolidate all its insurance operations worldwide," said Xchanging's chief executive officer Ken Lever.

Okay - so you cant BUY here - which explains the way the SP remains static for long periods.

hmmm research required me thinks -

Proposed restructuring of share capital to enable dividend payments AdEPT Telecom plc (AIM: ADT), a leading independent provider of award-winning telecommunications services for fixed line, mobile and data connectivity, announces that it has posted a Circular to Shareholders setting out the details of a proposed cancellation of share capital. At the General Meeting to be held at 10 a.m. on 30 June 2011, the Company will ask shareholders to approve proposals to restructure the balance sheet of the Company by means of the cancellation of the share premium account (the "Capital Cancellation") for the purpose of eliminating the current deficit on the Company's profit and loss account and creating positive distributable reserves to facilitate the payment of dividends by the Company in due course.

http://www.investegate.co.uk/Article.aspx?id=201106130700102740I

Might struggle to get in first thing

Now where will this go today !

Outlook Our outlook for the year 2011 shows promising growth as we are beginning to witness a recovery in the media and marketing sectors. We are also seeing an upturn in advertising expenditure, especially in our domestic markets, where consumer spending on white goods and electrical products, two of our key market segments, is on the rise. The management's strategy in integrating resources in Malaysia and China to enhance its service offerings has provided a robust platform for the Group to strengthen AxChange developments and enhance revenue and profit contributions significantly for 2011. The Group is still on track with its plans of adding new lucrative business avenues, which include out-of-home advertising and interactive advertising platforms in the social media sector of the industry. The strategy of growing through mergers and acquisitions remains and opportunities are continuously being explored. We believe 2011 will be another excellent year for the Group and look forward to achieving even better results with great optimism.

The Annual Report and Accounts of the Company and its subsidiaries (the "Group") will be posted to shareholders in due course and will be available shortly on the Company's website (www.redhot.asia). The Group's summary of its financial results for 2010 are as follows: · Total revenue for 2010 increased by 69% to RM44.3 million (2009: RM26.2 million) · Gross profit improved by 28% to RM17.6million (2009: RM13.7 million) · Gross margin decreased to 40% (2009: 52%) · Profit before tax was RM9.2 million representing a 95% increase (2009: RM4.7 million) · Net profit improved by 104% to RM9.2 million (2009: RM4.5 million) · Basic earnings per share increased by 103% to 25.32 sen per share (2009: 12.45 sen per share) · Cash balances available for use at 31 December 2010 was RM3.2 million (31 December 2009: RM2.3 million) · Net assets of RM38.2 million at 31 December 2010 (31 December 2009: RM27.6 million)

http://www.investegate.co.uk/Article.aspx?id=201106130700112874I

Ken Lever, Chief Executive Officer of Xchanging plc, commented: "We are pleased to be making this announcement. These transactions simplify our business structure and our financing arrangements. They deliver repayment of the substantial part of the outstanding loan to CISGI, bring Xchanging 100% ownership of the major assets of Cambridge, reduce the level of minority interest and enable Xchanging to consolidate all its insurance operations worldwide."

The completion of the sale of CSLBPO by Cambridge remains subject to Cambridge shareholder approval, which, in accordance with Indian regulations, will be conducted by a postal ballot, the result of which is expected to be announced on 19 July 2011. The value of the Assets is supported by two independent market valuations. CISV is a workers' compensation insurance business in Australia whose two principal customers are the State of Victoria and the State of New South Wales. CSLBPO in India conducts a range of outsourced business operations mainly for overseas customers. In the year ended 31 December 2010, the Australian assets being acquired recorded revenues of AUD42.4 million (£ 25.2million*) and an operating profit before tax and one-off charges of AUD0.5 million (£0.3 million*). This became an operating loss before tax, after one-off charges, of AUD18.8 million (£11.2 million*). The Australian gross assets being transferred had a carrying value at 31 December 2010 of AUD19.7 million (£12.9 million*). In the year ended 31 December 2010, the Indian assets being acquired recorded revenues of INR1,270.2 million (£17.9 million*) and an operating profit of INR311.2 million (£4.4 million*). The Indian gross assets being transferred had a carrying value at 31 December 2010 of INR330.0 million (£4.7 million*). Xchanging also reports that, following its announcement on 10 June 2011 to call the guarantee extended to it by Cambridge, it will be receiving $66 million dollars to satisfy this guarantee. Cambridge had extended the guarantee to Xchanging to secure a loan provided by Xchanging to Cambridge Insurance Solutions Group Inc ("CISGI"), Cambridge's wholly owned subsidiary in the USA.

Acquisition of Australian and Indian businesses from Cambridge Solutions Ltd and payment of Guarantee Xchanging plc ("Xchanging") (XCH:L), the global business processing company, announces that it is acquiring from Cambridge Solutions Ltd ("Cambridge") (CAMB:NS) its Australian workers' compensation business, Cambridge Integrated Services Victoria PTY Ltd ("CISV"), and its Indian business process outsourcing business ("CSLBPO"), (together "the Assets"). The Assets are currently 100% owned by Cambridge, which is in turn 76% owned by Xchanging. This transaction enables Xchanging to gain full ownership of the Assets and also to consolidate all of its insurance business interests worldwide. In practical terms the transaction will not affect the operations or employees of the Assets. Xchanging is acquiring the shares in CISV for an agreed valuation of US$16.7 million. It is also acquiring CSLBPO through a business asset purchase for an agreed valuation of US$67.1 million. The total net consideration for the Assets, after adjusting for debt, is US$71.7 million. The total consideration payable by Xchanging will be satisfied in cash. This transaction will have no impact on the net cash position of the Xchanging group.

http://www.investegate.co.uk/Article.aspx?id=201106130700093036I

Guarantee securing loan to Cambridge Integrated Services Group Invoked Xchanging plc ("Xchanging") (XCH.L), the global business processing company, has today informed Cambridge Solutions Ltd ("Cambridge", which is 76% owned by Xchanging) that it is now seeking repayment of a US$66 million term loan extended by Xchanging to Cambridge's 100% owned US subsidiary, Cambridge Integrated Services Group Inc ("CISGI"), and invoking Cambridge's US$66 million guarantee securing the loan. Xchanging extended the loan to CISGI in tranches in 2009 and 2010.

http://www.investegate.co.uk/Article.aspx?id=201106130700092858I

Aubrey Adams, Chairman of Max Property Group Plc, comments: "The key for successful investment in the secondary market is to be highly selective about the assets acquired, disciplined about the prices paid and then be prepared to work very hard on asset management. Of paramount importance is a low entry price that provides flexibility to undercut markets to secure new lettings yet still leaving a margin so that reducing vacancy rates delivers capital growth." "We have assembled a portfolio of defensive high yielding assets providing us with excellent opportunities to generate strong cash flow returns with the prospect of further capital growth as the vacancy rate continues to reduce. We are excited about the prospects for the business and remain resolutely single minded in our focus on growing NAV per share, building on the 35% achieved in the 22 months since listing."