Member Info for mulledwine

Andrew Blurton, Chairman of Manroy, commented: "The Board is pleased with the progress made by Manroy during the first six months of this financial year. The enlarged group has a positive future with the ability to generate long term sustainable income streams from its core business, as well as being able to grow through acquisition. Barring unforeseen circumstances in the countries and markets in which the Group operates, the Board therefore views the future with confidence."

Operational highlights • Acquisition of Manroy Systems for £3.1m • Successful £6.0m fund raising • Four appointments to the Board including two non-executive directors • Announcement of the following new orders: ◦ £1.3m spare parts contract ◦ Three year technical support contract with the MoD Post period end • Acquisition of the business and assets of AEI Land Systems for £250,000 in cash plus an earn out over two years • Option to acquire 49% of Manroy USA extended to 30 June 2011 • £4.1m five year blank ammunition contract with the MoD

Manroy's shares were admitted to trading on AIM in December 2010 following the reverse takeover of Manroy Systems Limited ("Manroy Systems") by Hurlingham Plc. The results set out below therefore include only a three month contribution from Manroy Systems. Financial highlights • Revenue of £3.0m • Pre-tax profits of £1.14m against 2010 loss of £33,000 • Basic earnings per share of 12.5p compared to 2010 loss per share of 1.1p • Interim dividend of 1p per share declared earlier than previously planned • Manroy Systems consolidated income statement for full six month period shows: ◦ Revenue up 32.1% to £6.1m (6 months to 31 March 2010: £4.6m) ◦ Pre-tax profits up 39.5% to £1.3m (6 months to 31 March 2010: £0.9m)

http://www.investegate.co.uk/Article.aspx?id=201106090700081168I

doh - ignore my last 2 posts here - wrong board - apologies.

David Wild, Chief Executive, commented on the results: "This has been a challenging year for customers. Nonetheless we have increased profits through a clear focus on costs and margins. The Group has also made significant operational progress through the successful completion of change initiatives, including reconfiguration of the Group's warehouses and distribution network, remodelling staffing structures and the rebranding and relaunch of our Autocentres business. Although these initiatives were achieved at some impact on sales during the transition period, they have enhanced customer service, reduced costs and provide a strong platform for our next phase of growth. We are pleased with the positive trend in early weeks' sales that benefited from good weather and the late Easter. While the tough trading environment is likely to continue, we seek to build on this momentum through our clear strategy that delivers value for customers by a combination of great prices, expert service and innovative products with appropriate margin investment. Our plans are supported by the launch of our new campaign "that's helpful that's halfords" which reinforces our unique service proposition. The strength of our cash generation and our balance sheet means that we can pay material dividends, return capital to our shareholders and retain flexibility. The Group's progress reflects the continued hard work and contribution made by all colleagues. I would like to thank them for their continued efforts."

Current Trading Within Retail the sales momentum in our leisure category developed during Q4 continued into FY12. Like-for-like (LfL) sales for the 9 weeks to 3 June were up 0.8%, driven by a strong performance in Leisure, up 11.1% LfL, offset by declines in Car Enhancement (-10.6%) and Car Maintenance (-3.0%). The timing of Easter benefited Retail sales over this period by c.1.5% LfL. Autocentres sales were up 1.2% LfL over the same 9 week period driven by our marketing campaign that has increased consumer awareness and an improving trend in fleet.

Business Highlights · Resilient performance in Car Maintenance across the year · Strong growth in wefit jobs, a record 1.91m jobs during year · Significant growth in Halfords.com, now 9% of retail sales · Autocentres rebranded and relaunched with positive sales uplift · Substantial infrastructure progress through colleague scheduling and new DC · Completed exit from Central Europe to focus on UK/ROI opportunities

Financial highlights · Group revenue up 4.6%, following the first full year of the Autocentres integration · Underlying profit before tax up 7.2% driven by improved gross margin and strong cost control · Underlying earnings per share up 8.8% at 43.2p (FY10 39.7p) · Total dividend up 10% to 22.0p (FY10 20.0p). · Continued strong cash generation with net debt down £52.3m to £103.2m · £75m share buyback programme underway; c.£20.7m of cash returned to date

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4284951

Commenting on these developments, ABG CEO Greg Hawkins commented, "Today's Budget speech is illustrative of the Tanzanian government's ongoing commitment to promoting a balanced investment environment for mining businesses operating here in Tanzania. We have put considerable effort into achieving a workable framework for dealing with the issue of fuel excise duty recovery and it is encouraging to see this articulated in the solution proposed today. This builds on the increased level of governmental engagement we have seen following the recent unfortunate events at North Mara as well as in dealing with the replacement of the SAG mill motor at Buzwagi, which is now installed and fully functional. Although the replacement took slightly longer than first expected with a short-term production loss of around 15,000 ounces we remain confident this will largely be recovered over the balance of the year. ABG continues to focus on optimizing our current operations and further expanding the business in Tanzania. We will be doing this in partnership with the government for the benefit of all our stakeholders."

Update on 2011/12 Tanzanian Budget The Tanzanian Minister for Finance presented the 2011/12 Budget to Parliament yesterday in Dodoma. Amongst the range of initiatives and measures put forward, there were several of relevance to our business in Tanzania. Chief amongst these were: - The proposal of a special escrow account to deal with indirect tax payments from the mining industry in order to facilitate the timely repayment of fuel excise duties. We have been working with the government and the Tanzania Revenue Authority to find a solution to this administrative issue and the new process should improve our working capital management going forward. - Further measures to address the power shortage in Tanzania through supporting investment in an additional 160MW of generating capacity, as well as a commitment to help secure financing for the state utility TANESCO for the longer term development of the national network. - Contrary to media reports earlier in the day, no other measures were announced addressing the tax status of mining companies in Tanzania. As previously communicated, the tax treatment of our existing operations is, and will continue to be, that set out in the respective Mineral Development Agreements.

http://www.investegate.co.uk/Article.aspx?id=201106090701311386I

Tao Luo, Non-Executive Chairman, commented; “We have made significant technical progress during 2010 in advancing our 100% owned Pakrut gold project, and the detailed engineering design of the mine and plant is approaching final optimisation. CNMIM’s investment made during the year, and its agreement to secure a written offer of debt funding, has moved us into an excellent financial position from which to accelerate our progression toward commercial production. We are therefore confident that we remain on target to reach production in the second half of 2012.”

Highlights since year end April 2011 JORC compliant resources at Pakrut increased 18% to 3,578,000 oz Au at a 0.0 g/t Au cut-off grade (June 2010: 3,024,000 oz Au), with total Measured Resources up 54% to 1,488,000 oz Au at a 0.5 g/t cut-off (June 2010: 969,000 oz Au). Export Import Bank of China (“China Eximbank”) issued a LOI on 7 March 2011 confirming its interest in providing 70% of the financing required by our Company for the Pakrut project production development.

Operational Highlights 2010 drilling programme results confirm that mineralization continues at depth at Pakrut. Eastern Pakrut drilling confirms consistency of thickness and grade with previous drilling results at the prospect, demonstrating significant potential to expand the resources in the Pakrut general area. Bankable Feasibility Study (“BFS”) completed by the Beijing General Research Institute of Mining and Metallurgy (“BGRIMM”). Following a tender process, BGRIMM appointed to complete engineering design of the mine and plant for the development of the Pakrut Gold Deposit.

Kryso Resources PLC (AIM: KYS), the mineral exploration and development company with gold and nickel-copper projects in Tajikistan, is pleased to announce its results for the year ended 31 December 2010. The results below are extracted from the Company's audited Annual Report and Financial Statements. Copies of the Annual Report together with a Notice of Annual General Meeting have been posted to shareholders and are available on the Company's website at www.kryso.com and from the Company's registered offices at Unit 3H, Cooper House, 2 Michael Road, London SW6 2AD. Financial Highlights Development work costs up 50% to US$2,640,000 (2009: US$1,759,000). These costs have been fully capitalised. Administration costs down 21% to US$935,000 (2009: US$1,184,000). Loss down 11% to US$1,117,000 (2009: US$1,259,000). Allotment of 73,333,333 new ordinary shares at a price of 15p per share to China Nonferrous Metals Int’l Mining Co. Ltd (“CNMIM”), raising approximately £11,000,000 resulting in CNMIM holding 29.9% of the Company. In addition, CNMIM were also issued 73,333,333 warrants, each entitling CNMIM to subscribe for one ordinary share in the Company at a price of 21p per share. Cash of $16.59 million at 31 December 2010

http://www.investegate.co.uk/Article.aspx?id=20110609070000Z6623

Tomorrow 09/06/2011. PZ Cussons issued a gloomy update in April, with rising raw material costs plaguing the soap maker. Things have been tough in the UK, particularly in areas such as shower gels and hand wash, and even worse in Greece, where the company also has a presence. Even Australia, which has fared much better than other Western economies since the credit crunch thanks to its large mining industry, has seen its consumer environment tighten. Thursday’s trading statement should have some more clues on consumer sentiment.

Tomorrow - 09/06/2011 LONDON (ShareCast) - Halfords, the car parts and bikes retailer, has had a sticky time of it over the last year but is still set to announce a solid increase in pre-tax profits. The market is expecting profits of £124.3m, versus £117m the year before. The company has already issued guidance for this measure, with a range spanning from £124m to £127m. Sales are tipped to rise to £867.4m from £831.6m the previous year. The full year dividend is seen rising to 21.62p from 20p. “Retail is forecast to report a 4% increase in operating profit to £124m on total sales down by 5.3% to £774m,” according to Charles Stanley. “Autocentres is forecast to report a £7m operating profit in its first full year of ownership,” the broker added.