Member Info for mulledwine

AGM Trading Update Sagentia Group plc (AIM:SAG), the international technology consulting company which provides outsourced R&D consultancy services, reports the following trading update ahead of the Company's Annual General Meeting this morning. The Group's preliminary results for 2010 were released on 28 February 2011 when a strong turnaround in operating performance was reported. Since the start of the current year, the Group has continued to perform well, with profit at the end of April materially ahead of the Board's expectations. The Medical Sector has performed particularly strongly in the first part of the year. At 30 April 2011, the Group's gross cash was £17.2 million with net cash of £9.5 million. While the market characteristics provide limited forward visibility, the actions taken in 2010 have significantly improved the Group's controllable risk profile. As a result, and combined with the strong start to the year, the Board is cautiously optimistic for the year ahead. With a strong balance sheet, the Board continues to evaluate potential merger and acquisition opportunities, although remains prudent in this

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Glyn Hirsch, Chief Executive of Raven Russia said: "The first 4 months of the year has seen vacancy in the Moscow market drop below 3 percent. Rents are on the rise and the investment market is starting to take notice. All good fundamentals for the business".

Financial We completed the financing of our Lobnya project, drawing $30 million in January on a 7 year term loan and have signed a facility agreement secured on phase one of our Klimovsk project, with a view to drawing $38 million in the second quarter on a 9 year term loan. As the banking environment continues to improve, we are in advanced negotiations to extend the term of some of our existing debt with existing and new lenders, including the refinancing of our Noginsk project where debt matures in October 2011. With the construction of the second phase of Klimovsk, improvements on existing sites, including the cold storage element of the X5 letting and payment of final retentions and profit shares, we now have capital commitments in the current financial year of $90 million, including VAT. Net debt at 31 March 2011, excluding preference shares, was $345 million with a cash holding of $113 million. If approved at the AGM, the final dividend for 2010, of 1p per ordinary share, will be paid according to the following timetable: - XD date 25 May 2011; - Record date 27 May 2011; and - Payment date 24 June 2011.

Key Highlights · New lettings of 135,000 square metres in the year to date . · Includes letting of 75,681 square metres to X5 Retail Group at Noginsk, Moscow. · 780,000 square metres (80%) of the existing portfolio now fully let and income producing. · Annualised, consolidated net operating income ("NOI") of $106 million. · Increasing to $111 million on conversion of 43,500 square metres of pre let agreements and letters of intent. · A further 69,000 square metres of lettings under active negotiation. · Commenced construction of 53,000 square metres on second phase of Klimovsk, Moscow. · Portfolio ERV of $128 million, increasing to $134 million including Klimovsk phase 2.

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Cranswick Chairman Martin Davey said: "This has been a very positive year for Cranswick. Record levels of sales and profitability have been achieved and substantial investment has been made in the asset base to improve efficiency and to provide the capacity for continued growth. "The borrowings of the business are conservatively structured and the Company has recently put in place a new four year bank facility which provides appropriate headroom going forward. Interest costs were covered 30 times compared to 21 times a year ago and at the year-end net debt was lower at £48.3 million. "Today it is being announced that Adam Couch has been appointed Chief Operating Officer. He was appointed to the Board in 2003 and is currently managing director of the Fresh Pork activity. "The Board anticipates that with the Company's well invested asset base, strong range of products, experienced management team and robust financial position it is well positioned to continue the long-term development of the Company." Chief Executive Bernard Hoggarth commented: "The major capital project at the Preston site (near Hull) has been completed. As part of the plant's on-going development United States Department of Agriculture (USDA) accreditation has been achieved and will allow the export of specific products to the USA."

Highlights: · Underlying sales ahead by 4 per cent at £758m on volumes 6 per cent higher · Reported revenues up 2 per cent to £758m (2010: £740m) · Pre-tax profit rose 8 per cent to £47.1m (2010: £43.8m) · Earnings per share up 7 per cent at 74.5p (2010: 69.7p) · Recommended final dividend of 18.7p - up 10 per cent · Interest cover 30 times (2010: 21 times) · Net debt reduced by £6.4m to £48.3m

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riddler -yes 18 is a beast of a barrier for CAO - nice RNS today - as the CEO states - CAO are popping up all over the globe -

Yariv Cohen, Camco President said: "Closing financing and commencing construction on the largest dairy biogas project in the US is a major achievement for the Camco North America team. The USDA target has outlined potential to roll out anaerobic digesters across 8,000 farms with potential generation of over 1,500 MW in the US and we are in a pole position to lead this effort. Camco is rapidly accelerating its activities globally in 2011 and this achievement, together with recent achievements in China, demonstrates the company's regionally led strategy and the strength of our teams on the ground."

Financial close and construction of largest dairy biogas project in North America Camco, the global developer of greenhouse gas emission reductions and clean energy projects, is pleased to announce the financial close and beginning of construction on the largest dairy biogas project in North America. The project, which is wholly owned by Camco and operated by the consortium AgPower Group LLC, involves the installation of anaerobic digesters to convert cow manure into enough biogas to fuel 4.5MW of generation capacity. Proven anaerobic digesters of a type already installed in over 50 farms across the US to date will convert cow manure from a US dairy farm based in Idaho into clean electricity. The project is fully financed for an estimated total project construction cost of less than $25 million, comprising a combination of construction financing and debt financing. The project qualifies for the federal grant programme established by the American Recovery and Reinvestment Act of 2009, under which 30% of eligible construction costs are reimbursed. This financing structure was enabled by the strength of the underlying construction and off-take agreements and the track record of Camco and its development partners. A 20-year power purchase agreement is in place and the facility also has multi-year contracts for the Sale of sterilized fibre. The renewable energy certificates and emission credits qualify under California's new renewable energy and greenhouse gas regulations. Civil and foundation work is well underway and completion of construction is anticipated in the first half of 2012.

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Commenting on the contract, Jason Starr, Managing Director of Dillistone, said: "We are delighted to announce this contract win. FileFinder has been used successfully by one of Asap's affiliated companies for a number of years now, and so we are proud that this commitment rewards our ongoing efforts to be a leading supplier to executive recruitment firms in South America".

Dillistone Group Plc Contract in Brazil Dillistone Group Plc ("Dillistone"), the AIM listed supplier of recruitment software, is pleased to announce that it has entered into a new contract with Asap of Brazil. Asap is based in Sao Paulo but has offices in 7 Brazilian cities. The contract will see implementation of Dillistone Systems' FileFinder software system throughout the firm with implementation expected later this year. The contract incorporates the purchase of around 100 FileFinder software licences, various services and a support contract. The contract win is the largest yet achieved by Dillistone in South America.

http://investegate.co.uk/Article.aspx?id=201105160700126195G

Southern Cross, the beleaguered care homes group, is looking for a £100m equity injection to secure its future. Jamie Buchan, its chief executive, has asked newly appointed financial advisers Greenhill to approach possible investors, including private equity groups and American healthcare multinationals, in the hope of securing the money. An investor would take a stake in the company in return for its cash. Southern Cross is the biggest residential care operator in Britain with 750 homes and 31,000 patients. But the group is struggling to meet annual rental payments of £200m at a time when the fees it gets from local authorities to look after patients are being reduced as councils slash spending, according to The Guardian.

Scottish & Southern Energy is this week expected to warn that energy prices will have to rise further amid growing expectations of double-digit hikes across the industry before winter. The Perth-based utility – which will report slightly increased full-year pre-tax profits of about £1.3 billion on Friday – was the first of the “Big Six” energy suppliers to increase gas bills from last December but the continued rise in wholesale prices means another round of increases in the months ahead is seen as inevitable, reports Scotland on Sunday.

Outlook* As reported with the preliminary results on 2 March 2011, the Board continues to expect demand for Cape's construction support services to commence a sustained period of growth from the second half of this year. The Group's order intake in the first four months supports this with contract wins in the Gulf/Middle East including extensive packages on the Jubail Export Refinery, Ruwais Refinery 4th NGL train, Habshan 5 and Borouge III projects all expected to commence in the final quarter of 2011 or early 2012. In the Far East/Pacific Rim region several major LNG liquefaction plant projects are moving forward and the Board anticipates demand for construction support services in the region to commence a period of strong growth. The Group expects to announce its interim results for the six months ending 30 June 2011 on Wednesday 31 August 2011.

Interim Management Statement and Annual Report and Accounts publication Cape plc, the international provider of essential, non-mechanical support services to the energy and mineral resources sectors, today provides its Interim Management Statement for the year to date. Trading The Group is pleased to confirm that overall trading has been in line with the Board's expectations, with activity levels and operating margins consistent with the same period in the prior year. Regional/segmental activity levels were as anticipated, with the CIS/Mediterranean & North Africa region and Far East/Pacific Rim region both ahead of the same period in 2010, offsetting the continued lower activity levels in the Gulf/Middle East region. Corporate expenses As expected, £3.5m of non-recurring corporate charges have been incurred in the year to date comprising £2m in relation to the move from AIM to the LSE's main market and the corporate restructuring involving a new Jersey-incorporated Group holding company (announced with the preliminary results on 2 March 2011) and a £1.5m charge representing the unamortised facility fees arising on the early cancellation of the Group's 2007 syndicated bank facility. Financial position There have been no significant changes to the financial position of the Group since the publication of its preliminary results for the financial year ended 31 December 2010 on 2 March 2011. As announced on 6 January 2011, the Group's new £220m bank facility through to June 2015 provides a strong financial platform and the flexibility to support future growth. Chairman As announced on 3 May 2011, Tim Eggar, former Minister for Energy, was appointed Non-Executive Chairman on 1 May 2011.