Member Info for mulledwine

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4209218

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4209089

Very encouraging - profit! - working cash low - loan facility will be used soon and new funding will need to be set up - but certainly a few steps in the right direction.

Tim Daffern, chief executive of Hambledon Mining commented: "These are welcome results as they show improvement on all fronts. With mining from underground at Sekisovskoye expected to start at the end of the year, results from our drilling campaign and a continuing steady performance from open pit operations, we face the future with increasing confidence. Hambledon is a company with exciting prospects which I look forward to sharing with our shareholders."

OPERATIONS AND DEVELOPMENT Produced 22,678 oz gold (2009: 19,575 oz gold) despite severe winter weather in quarter one of 2010. Underground development proceeding to plan with mining start up scheduled for December 2011. 25,000 metre drilling programme commenced with encouraging initial results on underground resource. Phase one of winterisation programme successfully completed - quarter one of 2011 gold production improved by over 70 per cent. over the same period in 2010.

FINANCIAL Profit before tax of £2.1 million (2009: loss of £0.2 million). First significant net attributable profit of £1.9 million (2009: £nil). Capital expenditure of £3.2 million (2009: £2.4 million). Cash of £0.6 million (2009: £1.5 million) at year end with loan facility of $2.0 million still available for use. Raised £8.6 million (net of expenses) in March 2011 through firm placing and open offer to upgrade site infrastructure, improve efficiency of operations and reduce operating costs by an estimated US$120 per ounce.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4209069

Specialist Energy Group (SEGR) shares jumped 12p to 85p on news the engineering group has received approaches that "may or may not lead to an offer for, or an acquisition of, the company". The group, which is the holding company for the main operating subsidiary Hayward Tyler Group, added that discussions are at an early stage and there can be no certainty that any potential transaction will be concluded.

DCD Media (DCD) said short-term working capital in the order of 1 million pounds was required, as the TV production and distribution group unveiled narrowed adjusted pre-tax profit for the 18-months ended 31st December 2010. The group, which has in excess of 2,500 hours of factual, entertainment, drama, music and arts programming for television, DVD and new media worldwide, announced that it is currently exploring options to secure additional funding, either in the form of debt or equity. DCD shares dropped 2.25p to 6.5p.

Iomart Hosting, a wholly owned subsidiary of Iomart Group (IOM) and provider of managed hosting, data centres and cloud computing services, has joined the Nasstar (NASA) partner programme to sell hosted desktop under the Iomart Hosting brand. Commenting on this, Angus MacSween, chief executive of Iomart, said: "The ability to white label [Nasstar's] platform and offer the service under the Iomart brand means we can quickly integrate the service into our portfolio of cloud services." Shares in Iomart were unchanged at 85.5p, while those of Nasstar fell 1.375p to 9.75p.

Iomart Hosting, a wholly owned subsidiary of Iomart Group (IOM) and provider of managed hosting, data centres and cloud computing services, has joined the Nasstar (NASA) partner programme to sell hosted desktop under the Iomart Hosting brand. Commenting on this, Angus MacSween, chief executive of Iomart, said: "The ability to white label [Nasstar's] platform and offer the service under the Iomart brand means we can quickly integrate the service into our portfolio of cloud services." Shares in Iomart were unchanged at 85.5p, while those of Nasstar fell 1.375p to 9.75p.

Annual pre-tax profits at Private & Commercial Finance Group (PCF) are expected to be in-line with market expectations at 0.45 million pounds, the finance house revealed in a trading update as it benefited from reduced competition. However, the group added that the availability of new or increased bank facilities over the last two years has held back its growth potential. Shares in Private & Commercial Finance, whose assets exceed 100 million pounds, rose 0.25p to 6.5p. Broker Daniel Stewart has a 15p target price.

http://www.investegate.co.uk/Article.aspx?id=201105030700247100F

Brewin Dolphin commented on Cookson Group (CKSN), the materials science company. Ahead of its annual general meeting next week, the broker expects the group to be trading in-line with expectations. The Japanese crisis is likely to have some short term impact, particularly on the Electronics division, but Brewin's view is that any short term supply chain disruption should be offset by a recovery in the second half. Shares in Cookson, which provides materials, processes and services to customers worldwide, inched higher 1p to 716.5p.

Aloysius Wilhelmus Johannes van der Heijden, non-executive Chairman of the Company commented: "We are pleased to have reported a positive net income of USD1.8 million for the first time since 2007. We remain focused on our key objectives and look forward to delivering further progress in 2011."

Financial Highlights - NAV per share of USD2.52 at 31 December 2010 (up 1% since 31 December 2009) - Uncommitted cash of USD19m as at 31 December 2010 (2009: USD57.7m) - USD268m committed funds as at end of 2010 across 11 investments (2009: USD231.3m across 10 investments) - USD44.9m cash balance as at 31 December 2010 (2009: USD86.2m)

Operational Highlights - Strong performance in development projects - Solid progress on sales of residential properties - Substantially reinforced commercial property portfolio through new acquisition - Significant progress on completion of soft-development stage on the Obolon project

http://www.investegate.co.uk/Article.aspx?id=201105030700236978F

Panmure Gordon maintained its "buy" recommendation and 122p target price for Dragon Ukrainian Properties & Development (DUPD). The broker notes that despite the group reporting a robust set of final results, the shares continue to trade at a large Net Asset Value discount. This is too wide, Panmure added, particularly given the positive momentum in both sales and development across all of the firm's portfolio, which should provide support for future growth. Dragon shares increased 2.37p to 66p.

Evolution Securities issued a "buy" rating for Bodycote (BOY), the engineering group, with an increased target price of 470p, up from 430p. Following the interim management statement, the broker notes that 2011 will come in towards the top-end of operating profit expectations, ranging from 55 million pounds to 76.6 million pounds. In light of this, Evolution increased its 2011 sales forecast from 530 million pounds to 545 million pounds and upped its operating profit number from 66 million pounds to 73 million pounds. Bodycote shares were unmoved at 388p.