Member Info for mulledwine

Spectris develops and markets productivity enhancing instrumentation and controls, and has a diverse end-user base with no single industry accounting for more than 10 per cent of its revenues. By being a provider of niche products into a range of industries, Spectris is well-placed to counter many of the challenges facing other industrial companies. With over £300m headroom on its balance sheet to finance acquisitions, the company has the firepower to consider smaller “bolt-ons” as well as more transformative deals, according to the Scotsman, which recommends a ‘buy’.

The Independent says Mitie trades on a pretty thin rating of on 8.8 forward earnings. That, coupled with the 4.9% dividend yield, would be enough to make it wade in. The strong performance evidenced by yesterday’s results only serves to seal the case, says the paper, which has a buy recommendation on the shares.

Vectura may have fallen back following the release of its full-year results, but that did not mean the drug maker’s figures were not impressive. The performance of the group, which specialises in inhaled treatments, beat expectations, and although it is still making a loss after tax, the amount has been significantly reduced. Buy, says the Independent.

Shares in Mitie have underperformed consistently after their strong showing last year. The market’s main concern has been that the outsourcing specialist will lose out in the scramble for public sector work as government spending cuts begin to bite. That concern was addressed in yesterday’s preliminary announcement. The shares yield a little more than 4% and trade on less than ten times this year’s earnings, which sounds about right. Hold, says the Times.

the logistics group Stobart issued full-year figures, with pre-tax profits falling short of market hopes. But the share price rose as the focus turned to the confident outlook statement. Moreover, the stock is down more than 20% since the recent February peak. That, unsurprisingly, has hit the valuation. At under 14 times forward earnings, it is time to buy, says the Independent

UBS reiterated buy on Booker Group, target price raised to 75p from 67p.

Good figures and positive outlook

Outlook There are a number of trends developing in the markets in which we operate; · The global roll out of 3G mobile data networks continues and with this the reduction in data tariffs that helps to support the competitive price structure of our solution in the market. · The rapid growth in the adoption of smartphones in the personal arena paves the way for an extended use of mobile technology for business. Technology advances mean that a single personal mobile or in-vehicle device can now fulfil a range of different functions, not just the communication of instructions or the recording of data or visual images. · Advanced mobile features such as GPS functionality have enabled more feature rich services which can also locate and track the remote worker for more effective job scheduling and to monitor their wellbeing. · The mobile technology sector is growing fast and, with it, the size of the field and mobile workforce. As the devices get smaller and easier to use, the benefits of this way of working are being realised by user groups not traditionally viewed as field or mobile. · There is an acceptance amongst both mobile operators and enterprises that the managed services model is attractive, as in these difficult economic conditions capital expenditure budgets are being reduced or eliminated. · The developing markets, particularly Africa and Latin America, are rapidly developing their mobile telecommunications infrastructure and are seeking out applications to suit the needs of their mobile workforces. These market developments have presented us with an increasing number of opportunities with potential customers and partners around the world. Our biggest challenge is to ensure we deploy our limited resources with those that can give us the best returns. This is our focus and I look forward to reporting continued progress in coming months.

Financial results I am pleased to report another year of progress. Through a combination of increased sales activity and reduced overheads we have recorded a loss for the year of £1,569,000 compared to £2,675,000 in the previous year. Although revenues at £1,432,000 were less than the £2,340,000 recorded in 2009, last year's figures were boosted by the £1.9 million sale of BB3G phones to InTechnology plc, our exclusive UK partner. If this deal is excluded, then sales are up by over 300%. Gross profits more than doubled to £1,082,000 (2009: £504,000).

Mobile Tornado Group plc, the leading provider of instant communication mobile applications to the enterprise market, announces its results for the twelve month period to 31 December 2010. Highlights · Major deal closed with mobile operator in India for 200,000 licenses · Partnership deal contracted with Pocket Mobile and G4S signed as first customer · Exclusive partnership signed in South Africa with NECO · Contract agreed with IVU Transport Technologies AG to integrate PTT with their transport communication platform · Technical resources redeployed across centres in Israel, UK and India for maximum efficiency · Deal announced today with Israeli mobile operator for initial 10,000 licenses

http://www.investegate.co.uk/Article.aspx?id=201105250702062271H

Basay Drilling Results Copper Development Corporation (AIM: CDC) is pleased to report that the first assay results from its Basay Project in Negros, Philippines confirm the presence of significant copper-molybdenum-silver-gold mineralisation. The first diamond drill hole (BSM001) was drilled in a northerly direction at a dip of 40 degrees to crosscut historic mineralisation below the central pit. The hole is the first hole of a 18,615 metre drill programme designed to confirm the historical mineralisation and to estimate a JORC compliant resource at Basay. The drill programme will also test the extension of known mineralisation at depth and along strike. CDC has a 70% interest in the Basay Project. To date, the Company has completed over 4,000 metres of drilling and is currently processing the core for assay. There are currently five drill rigs on site operating 24 hours a day. The initial programme of 18,615 metres of drilling is expected to be completed by the fourth quarter, after which the Company expects to release a JORC compliant resource at Basay before the end of the year. Mitch Alland, Executive Chairman of CDC, commented: "The high grade results from this first hole demonstrate the exciting world-class potential of the Basay Project. We are extremely excited by the project as these results confirm not only the high grade of copper, but also the presence of significant by-product credits in molybdenum, silver and gold"

Highlights · Diamond Drill Hole BSM001 at the Company's Basay Project, which was drilled to a total depth of 360.1 metres returns: § 348 metres grading 0.60% Cu, 0.014% Mo, 1.8 g/t Ag and 0.028 g/t Au; § Including 192 metres grading 0.86% Cu, 0.017% Mo, 2.4 g/t Ag and 0.044g/t Au; § Including 111 metres grading 1.01% Cu, 0.013% Mo, 2.6 g/t Ag and 0.046 g/t Au.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4254848

Commenting, Robert Adair, Chairman of Terrace Hill, said: "In addition to the solid progress we have made in the growth areas of foodstore and Central London development, we have achieved a good number of lettings throughout the period. Despite the fact that the outlook for a recovery in the UK economy still looks subdued, this strong operational performance gives me confidence in Terrace Hill's ability to deliver future value."

Operational highlights: · Strong progress with foodstore developments: - Planning expected shortly at Sunderland and Whitchurch - Pre-letting of 125,000 sq ft at Middlehaven, Teesside, subject to planning - Conditional site purchase at Skelton, East Cleveland and terms agreed with retailer for 41,800 sq ft pre-let - Appointment of Asda's head of supermarket acquisitions - Terms agreed for acquisition of six further sites - Terms agreed for acquisition of six further sites · Further advances in the Group's London office development activities: - Construction underway of joint venture 160,000 sq ft mixed use development at Howick Place, Victoria - Development management agreement for a 29,000 sq ft office and retail development at the corner of Savile Row and Conduit Street in Mayfair. · Completion of sale of 59,740 sq ft warehouse at Christchurch Business Park to Kondor Ltd for £5.0 million · New lettings at Quantum office development, Maidenhead. · 41.4 million of residential properties sold

Terrace Hill Group plc (AIM: THG), a leading UK property investment and development group, today announces interim results for the six months to 31 March 2011. Financial highlights: · Revenue profit (profit before tax excluding results from joint venture and associated undertakings, valuation movements and one-off financing costs) of £7.1 million (11 months to 30 September 2010: £3.0 million loss) · IFRS loss/profit before tax of £(1.2) million (11 months to 30 September 2010: £8.4 million profit) impacted by residential sales · EPRA Net Asset Value per share of 42.7p (30 September 2010: 48.3p) while EPRA Triple Net Asset Value per share was 40.6p (30 September 2010: 44.7p), also impacted by residential sales · Balance sheet gearing reduced to 58.4% (30 September 2010: 88.4%)

http://www.investegate.co.uk/Article.aspx?id=201105250700092146H

CONT Being a new player in the market, the Company is looking at various ways of bringing down and controlling the production costs of refining CPO into RPD Palm Oil to maximize profitability of each metric tonne of RBD Palm Oil produced at the Refinery. Apart from entering into supply and off-take agreements of which the pricing is based on spot market price in view of inherent market risks and exposure, the Company is also looking at the option of 'hedging' on the price of CPO to better manage the fluctuation in palm oil prices. The Company has entered into a commercial arrangement for tolling to optimize use of the Refinery along with refining its own oil. The Company sees opportunity in the backdrop of the industry's tough business environment and will work to profit from these challenges going forward. In June 2009, the Company announced that Zurex had issued a Notice of Arbitration to JJ-Lurgi Engineering Sdn Bhd ("JJ-Lurgi") in respect of the contract for the supply of equipment for the production of biodiesel ("Contract") entered into in January 2007. The matter was heard in August 2010 and the Arbitrator is expected to give his decision on the matter sometime in the third quarter of this year. For the uninitiated, Zurex is claiming RM9.89 million (£2.1 million) against JJ-Lurgi and JJ-Lurgi has a counter claim of RM2.87 (£0.6 million) against Zurex under the arbitration proceedings. A market announcement will be made as soon as the Arbitrator gives his decision on the matter. Now that the Refinery has been commissioned, the Company will apart from seeking strategic alliances and commercial tie-ups with plantation owners, palm oil suppliers/traders and off-takers for its product to maximize returns and minimize risks, look at other areas of investment in line with its investment objectives. The Company believes that the completion of the Refinery as targeted is but a small step towards bigger and more exciting things to come. Last but not least, the Company welcomes the appointment of Clive Purdy as an executive director to the Board of Directors. Mr. Purdy has been tasked with the portfolio of Finance Director in place of Julie Pomeroy, the previous Finance Director. David Yeoh Executive Chairman

Chairman's statement The year 2010 for the Company ended significantly with the commissioning by Zurex of its palm oil refining plant ("Refinery") at Lahad Datu, Sabah, Malaysia. This constituted a major milestone in the history of the Company from its original objective of building a biodiesel plant to that of becoming an investing company of which the embarkation to invest into the building of the Refinery became its maiden investment. This achievement could not have been made without the support of shareholders and the tireless efforts of the management team to secure the various approvals and licenses from the Malaysian Government as well as a loan facility of RM47 million (£9.9 million) from Bank Kerjasama Rakyat Malaysia Berhad for capital expenditure and working capital for the Refinery. In preparation for the business ahead, I am happy to report that all licenses to import, purchase and store crude palm oil ("CPO") and to sell refined bleached deodorized palm oil ("RBD Palm Oil') and for its exports have been obtained. Since the commissioning of the Refinery, the palm oil market has seen a surge in price purely due to speculative elements and artificial demands created by various players in the market. Palm oil being a commodity is also not spared its cyclical challenges link to weather changes and seasonal pricing based on global demand and supply. The management of the Company has adopted a cautious approach in managing these issues that is prevalent in this industry. Whilst the objective of the Company is to make money from the refining of CPO, such expectations must be tempered with a prudent and conservative approach to avoid buying CPO at a high price and selling the finished product RBD Palm Oil at a lower margin.