Member Info for mulledwine

http://www.investegate.co.uk/Article.aspx?id=201105240700111330H

Chairman's Statement Shareholders will be aware from the statement made at the Annual General Meeting ("AGM") on 14 February 2011 (the "AGM Statement") that the Hirco Board has been dealing with a number of challenges in 2011. The main focus since the AGM has been on downsizing the operations of the Hirco group and seeking to reduce operating costs to below £2 million per annum (they were over £4 million in 2010). In part this has been achieved by centralising functions in the Isle of Man. This exercise has now largely been completed, and whilst the benefit is not seen in these results due to non-recurring costs associated with the restructuring, the current annual run rate of expenditure is now down to approximately £1.6 million. We have also continued to explore with our advisers and certain key shareholders raising additional funding to meet Hirco's working capital requirements for the medium term and to help it meet its strategic goals. A further announcement regarding these matters will be made presently.

Highlights · As of 31 March 2011, Hirco's Net Asset Value ("NAV") was £7.07 per share, up 36 pence from a NAV of £6.71 per share as at 30 September 2010 essentially due to the accrual of the preference dividend. · For the six month period ended 31 March 2011, Hirco reported a profit for the period of £27.2 million, representing earnings per share of £0.36 based on 76,526,984 shares outstanding. · Hirco's investment in the four developments - Chennai Residential, Chennai Commercial, Panvel Commercial, and Panvel Residential (the "Projects") - was approximately £350.8 million when made. The last valuation conducted by Jones Lang LaSalle Meghraj was as at 30 September 2010 at which time Hirco's NAV for accounting purposes was calculated as £513.5 million. · As of 31 March 2011, sales for the Chennai developments relates to approximately 1.83 million square feet and sales consideration collected of INR 3.8 billion (approximately £52.3 million) on total sales contracts of INR 7.6 billion (approximately £ 104.7 million) (49.96% of total contract value) was INR 4,167. · As of 31 March 2011, sales consideration for the Panvel developments had been accepted on approximately 2.69 million square feet and sales consideration collected of INR 1.7 billion (approximately £23.2 million) on total sales contacts of INR 13.1 billion (approximately £180.7 million) (12.85% of total contract value).

http://www.investegate.co.uk/Article.aspx?id=201105240701071396H

Current trading and outlook We have had a good start to the new financial year but we expect trading conditions in the year ahead to be challenging due to rising pressure on consumers' disposable incomes and high commodity prices. As a result we are cautious about the outlook. While the short term economic outlook remains challenging, we are confident in the long-term growth prospects of the business. In a climate of economic uncertainty, our priority remains to deliver exceptional value and unrivalled quality for our customers.

Marc Bolland, Chief Executive, said: "Marks & Spencer had a good year with sales and profits ahead of last year. We traded well in a challenging environment, growing our market share in both Clothing and Food. "We did this by offering customers great quality and value, and more choice through innovation. "In November we set out our plan to grow M&S into a truly international, multi-channel retailer. We have made good early progress and are focused on both trading the business in the short term and on delivering against our long term targets." Robert Swannell, Chairman, said: "Marks & Spencer has a very clear plan and direction, and management is making good progress at all levels throughout the business. In light of our good performance this year, we are today announcing that the Board has approved a final dividend of 10.8p per share, an increase of 13.7%, giving a total 17.0p for the year, 13.3% up on last year."

http://www.investegate.co.uk/Article.aspx?id=201105240700171401H

http://www.investegate.co.uk/Article.aspx?id=20110524070000Z4783

Some decent figures in there

Nicholas Vetch, Chairman of Big Yellow commenting said: "I reported last year that the Group was enjoying a recovery in line with the slowly improving economic picture. This recovery has continued in the current year, and I am pleased to report that occupancy across all of our 62 stores increased by 215,000 sq ft during the financial year, compared to an increase of 140,000 sq ft across 60 stores in the prior year. It is of no surprise to us that the recovery in the UK economy is so muted, given the combined effects of the fiscal consolidation, the pressure on disposable incomes, and the constrained lending to businesses and individuals. The next step change in the recovery of the wider economy and hence self storage is unlikely to occur until some of these pressures are alleviated. We therefore expect that the performance of this business will continue to show steady progress, however at some point we would anticipate seeing a change in economic pace which will feed directly into the growth rate of our business. In the meantime, our exposure to London, dominant brand, innovative marketing, internet presence, quality of stores and customer service, coupled with our strong balance sheet and financial position, gives us a significant advantage."

Big Yellow Group PLC, the UK's leading self storage brand, is pleased to announce results for the year and for the fourth quarter ended 31 March 2011. Financial highlights · Occupancy growth of 215,000 sq ft across all stores (2010: growth of 140,000 sq ft) · Store revenue for the year up 8% to £59.6 million (2010: £55.1 million) · Store revenue for the fourth quarter increased by 7% to £14.6 million from £13.7 million for the same quarter last year · Store revenue for the second half of the year of £29.7 million up 7% compared to the second half of the prior year of £27.7 million · Revenue of £61.9 million, an increase of £3.9 million (7%) compared to £58.0 million for the prior year · Store EBITDA up 13% to £37.1 million from £32.7 million in 2010 · Adjusted profit before tax1 of £20.2 million up 22% (2010: £16.5 million) · Diluted EPRA earnings per share2 up 19% to 15.49 pence (2010: 12.99 pence) · Cash inflows from operating activities (after interest) increased by 23% to £23.5 million (2010: £19.1 million) · Group net debt reduced by £3.4 million to £266.0 million from £269.4 million at 31 March 2010 · Adjusted net assets per share3 down 1% to 449.8 pence from 453.3 pence as at 31 March 2010 · Final dividend of 5 pence per share declared (2010: 4 pence per share), full year dividend of 9 pence per share (2010: 4 pence per share)

http://www.investegate.co.uk/Article.aspx?id=201105240700091017H

Mr David Fowler, CEO of the Company commented “We are pleased to have entered into this agreement with UMG. The Company will not be required to invest in the projects until feasibility studies have been completed. This is in line with our strategy to concentrate on our core assets and extract maximum value from the rest. We look forward to results from this work over the coming years.”

Orosur Mining Inc. (“OMI” or the “Company”) (TSX VENTURE: OMI) (LSE: OMI) today announces that the Company has entered into an Option Agreement with Ferlesol SA, which is a 100% subsidiary of Union Mineral Group Corp. (“UMG”). This Agreement provides UMG the right to earn up to 80% interest on the Company’s Old Texas, Arroyo Polanco, Casupá-Madre, Mal Abrigo-Cerros Negros and María Albina projects in Uruguay (the “Assets”). UMG is committed to spend US$ 300,000 in exploration work within a period of twenty four months to earn 20% interest in the Assets. Subsequently, UMG will have the right to earn a further 31%, reaching a total of 51%, by incurring in a further US$ 750,000 in exploration expenditure within the following year. Subsequently, UMG will have the right to earn an additional 29%, therefore reaching 80% interest by completing a bankable feasibility study for the Assets, no later than 4 years after having reached the 51% interest. The Casupá and Mal Abrigo projects are located in the Piedra Alta Terrane in south-central Uruguay along the northern limit of the La Florida greenstone belt of southern Uruguay. Mineralization is found hosted in rocks of lower Proterozoic age. Casupa is approximately 25 kilometers due south of OMI’s Crucera Au Project. Gold mineralization is hosted in granitoids as inter-granitic quartz/gold veins and local shear zone-hosted lode gold. At the Mal Abrigo-Cerros Negros project further to the west, Ni and PGE mineralization is hosted in gabbros, granitoids and metamorphosed volcanic rocks. The María Albina, Old Texas and Arroyo Polanco projects are all located in the Nico Perez Terrane in central eastern Uruguay within the constraints of the Don Feliciano Mobile Belt. Mineralization is found hosted in rocks of middle to upper Proterozoic age. Marina Albina is approximately 25 kilometers due north of OMI’s Presidente Terra project. The project lies just west of the Sierra Ballena Fault Zone within the eastern margin of the mobile belt. Disseminated base metal mineralization is hosted in metamorphic rocks. The Old Texas and Arroyo Polanco projects lie within two splays of Sierra Ballena Fault Zone, along the eastern and western margins of the mobile belt respectively. Lead, zinc, and copper mineralization as well as local quartz/gold veining are hosted in strongly deformed meta-volcanic and meta-sedimentary rocks. Local post deformation intrusions are also present.

http://www.investegate.co.uk/Article.aspx?id=20110524070000Z4782

FFastFill trades flat after results, but is just below year´s highs Date: Monday 23 May 2011 LONDON (ShareCast) - Financial trading systems supplier FFastFill has today announced its preliminary results for the twelve months ended on the past 31 march 2011. During said period its revenues grew 9%, to £15.5m, led by SaaS revenue growth of 15%, to £12.1m. SaaS revenue now comprises 78% of group revenue. The company´s adjusted operating profit rose by 83%, to £2.2m, and its 12 month SaaS order book now stands at £11.4m, versus £10.7m one year ago. The group´s operating cash flow decreased modestly during the period, to £3.0m, due primarily to greater working capital requirements of £0.8m. Despite that, cash at year end improved to £3.3m, thanks to lower interest payments. Also, during said period FFastFill obtained £311,000 in new funds through the issue of new share capital. The business is now debt free management says. Amongst other aspects of its trading which the firm has called attention to, one might highlight the following: 13 new contract wins across front, middle and back office suites, new business successes in Asia, and the launch of its ‘Horizon’ multi-broker capability. As of 12:40PM London time shares of FFastFill are trading flat, at 11.5p, just below its 52 week highs. AB

Lancashire LRE)reiterated as buy by Collins Stewart - price target raised to 715p

British Land( BLND) reduced to hold by Panmure - price target 567p

Diploma is an unusual but highly successful company, supplying hundreds of specialist items to customers including oil producers, hospitals and contractors. Brokers expect full-year profits up by nearly 40% to about GBP45m and a total dividend of 9p against 7.8p last year, notes Midas in the Mail on Sunday. The dividend is progressive and the shares should increase as economic recovery gathers momentum. Existing investors should hold on. New investors could buy on weakness, Midas suggests.

Hutchison China MediTech, known as Chi-Med, a company specialising in healthcare and consumer products in China. is set to benefit from the roll-out of a nationwide medical insurance system in China, reckons Midas in the Mail on Sunday. Analysts expect the Chinese health market to grow by at least 20% a year for the next five to ten years and Chi-Med’s healthcare arm should grow even faster. Chi-Med is loss-making, reflecting heavy investment, but it should move into profit next year and the long-term outlook is very healthy, Midas believes. The shares are at 447,5p and many brokers believe they should rise to at least 550p this year. The company is well run and there should be some encouraging news over the summer, underlining Midas’s “buy” recommendation.