Member Info for mulledwine

Outlook for the year to 31 March 2012 The latest market expectations for the year to 31 March 2012 have a range of approximately £40 to £43 million for revenue and £4.5 to £5.3 million for Adjusted Operating Profit (before interest, tax, exceptional items and amortisation of acquired intangibles). At this stage of the period revenue forecasts are subject to a very high level of uncertainty and will be materially affected by general market conditions, the success of the Company's existing and new products, competitive behaviour and customer decisions and business strategies , including those in relation to major partners. They will also be affected by changes in the Company's operational processes for managing contracts and the outcome of a major contract deferral at the end of March 2011. The Board notes that the lower to middle of the range of market expectations for revenue referred to above are in line with its own current planning assumptions. It expects cost of sales to be approximately 12% of revenue. It is also currently planning on the basis that its operating expenses before amortisation of acquired intangibles for the year to 31 March 2012 will be approximately £33.5 million. This will require actions to reduce costs, which will be implemented while maintaining support for business partners, customers and products. The capitalisation of research and development expenditure required under International Financial Reporting Statements does not have a material effect on the budgeted results. The Board will provide future updates on current trading compared with market expectations in accordance with normal market practice. The business has now launched Alterian Alchemy ™, its new range of campaign management and data analytics products, which has been well received. Its web content management products have been upgraded recently and its social media monitoring products are seeing very substantial growth in demand.

Actions taken 1. The Board and executive management team have established acting management processes to enable the Company to be operated and controlled effectively until a new Chief Executive is appointed. 2. The Board has appointed the executive search firm Russell Reynolds to assist with the recruitment of a new Chief Executive. Following that appointment the Board anticipates that the new Chief Executive will, with the executive management team, review operational processes and strategic issues and make appropriate recommendations to the Board. 3. The Board has reviewed the Company's operational procedures for contract agreement with major customers and its accounting for revenue. It has concluded that the operational procedures will, where ever practical, be adjusted to avoid the use of large, overlapping composite contracts involving renewals and extensions and that substantial changes will be made to the businesses sales process around the end of reporting periods. The agreement of larger and non standard contracts will in future require specific Board approval. 4. The Board continues to be satisfied that the Company's accounting policies and practices for revenue recognition comply with International Financial Reporting Standards, which require that all revenue from a licenses sale is recognised when the sale takes place, provided that the licensor has no continuing obligations

Trading Statement and update on previous announcements On 4 April 2011 the Board of Alterian plc announced that it expected that revenue for the year to 31 March 2011 would be approximately 10% below market expectations, which were in the range of £42 to 44 million, and that this would have a material effect on profits for that year. On 13 April the Board made a further announcement that, having conducted an initial review, it believed that the outturn for 31 March 2011 would be materially lower than that implied by the announcement of 4 April. Estimates for year to 31 March 2011 Having completed a review of its major contracts, the Board now estimates that the revenue for the year will be approximately £37 million and that, largely as a result, Adjusted Operating Profit (before interest, tax, exceptional items and amortisation of acquired intangibles) for the period will be around break-even. In addition, the Board expects to make a one off write off of approximately £2 to £2.5 million, including provisions covering investments, future liabilities in relation to a facility closed during the year and certain prior year receivables. It is estimated that net cash held at the Company at 31 March 2011 will amount to approximately £7 million. The Board will report on its assessment of the valuation of intangible assets, which requires a carefully considered view on long term future forecast cash flows, when it announces its audited accounts. These estimates are unaudited and are subject to finalisation and possible revision in the audited accounts. The preliminary statement for the year to 31 March 2011 will be brought forward to 23 May 2011.

http://investegate.co.uk/Article.aspx?id=201104180700050754F

DDD turnover rises by 12% Date: Monday 18 Apr 2011 LONDON (ShareCast) - 3D consumer technology group DDD said turnover, excluding discontinued businesses, increased 12% to £1.298m in the year ended 31 December 2010. The Los Angeles based firm said loss from continuing operations before tax was £921,000 compared to a loss of £842,000 in 2009. Loss per share per share was reduced to 0.82p from a loss of 0.98p previously. Net cash at the year end was £2.734m compared to £902,000 in 2009 after a placing raising around £3.38m after expenses and conversion of loan notes in June 2010. Chief executive Chris Yewdall said, "2010 was a key year in our development as the number of units of TVs and PCs shipped with our 2D to 3D conversion solutions jumped from 100,000 to over 2.5m. TriDef 3D is now at the heart of a growing number of 3D products from brand name companies." Over 2.5m units of DDD TriDef 2D to 3D conversion solutions were shipped by TV and PC licensees. Recent PC software licensees signed up include Samsung, LG and a leading PC chip manufacturer, the group said. "We have maintained the momentum in 2011 and are rapidly adding new licensees, in particular for our TriDef PC software solutions, as evidenced by our recent agreements with the leading PC/monitor companies of LG Electronics, Samsung and a leading chip manufacturer. We are also seeing opportunities in the mobile device market driven by our recently completed TriDef 3D Mobile Android" software."

Plastics Capital poised to meet targets Date: Monday 18 Apr 2011 LONDON (ShareCast) - Aim listed niche plastic products manufacturer Plastics Capital said it currently expects full year results to be in line with market expectations. Sales concluded the year strongly, the group said, while profit margins remained satisfactory. Cash flow generation has been strong and debt has continued to reduce in line with expectations. Executive chairman Faisal Rahmatallah commented, "We have seen a strong improvement in trading over the last 12 months. This is partly a result of the recovery in the global economy, but also because we have been very successful in generating new business." However the rate of improved trading slowed in the second half of the year, Plastics said. Nevertheless new business activity has continued to progress well and the group said it is confident it will maintain solid profit growth over the next twelve months.

I would have expected a better response to the results but SP is unmoved - perhaps we see fund raising in due course

UK sales surge at LiDCO Date: Monday 18 Apr 2011 LONDON (ShareCast) - Heart monitoring equipment supplier LiDCO said annual revenue increased by 16% while sales in the UK jumped 29%. "Evidence for, and awareness of, the benefits of LiDCO's technology are growing stronger," the group said in a company statement. LiDCO said it traded profitably in the second half. For the year to 31 January 2011 loss before tax narrowed to £490,000 compared to a loss of £1.55m a year before. EBITDA was positive at £141,000. Gross profit was up 28% to £4.22m; gross margin 68% compared to 61% the year before. Recurring revenues, which represent 59% of total revenues, were £3.68m. The group said 524 monitors were sold/placed, giving an installed base of 2,001 units at year end. Disposable sales rose 26% to 47,948. CEO Terry O'Brien said, "Sales have continued to grow while costs have been kept tightly controlled, resulting in the company reporting record low cash usage and operating loss. This was a milestone year for us." "The worldwide market for our product is significant. Evidence for, and awareness of, the benefits of LiDCO's technology are growing stronger. As our ongoing product development continues to enhance the Company's offering, we are well placed for further growth together with our strong distribution partners." Cash balance at the period end was £1.40m down from £1.85m the previous year.

Commenting on the results Terry O'Brien, Chief Executive, said: "The Board is pleased to announce that sales have continued to grow while costs have been kept tightly controlled, resulting in the Company reporting record low cash usage and operating loss. This was a milestone year for us. The worldwide market for our product is significant. Evidence for, and awareness of, the benefits of LiDCO's technology are growing stronger. As our ongoing product development continues to enhance the Company's offering, we are well placed for further growth together with our strong distribution partners." The investor presentation "LiDCO's Preliminary Results - year to 31 January 2011" will be available from today on the LiDCO website (www.lidco.com).

Post Period End · Argon appointed LiDCO as UK distributor for critical care business in March 2011 * The installed base has been restated on the basis of the number of units sold/placed on a rolling 7 years - a period likely to be representative of the monitors actively contributing to disposable sales. The rebased number for Jan 2011 therefore excludes the 291 monitors sold in 2003.

Operational Highlights · 524 monitors sold/placed - installed base of 2,001 units at year end * · Disposable sales of 47,948 units - up 26% (2009/10: 37,918) · Studies published showing use reduces mortality in shock patients · LiDCOrapid v1.03 and blood pressure module completed in September · LiDCO monitors now have connectivity to both Philips and GE's Centricity Clinical Information Systems

LiDCO (AIM:LID), the UK-based hemodynamic monitoring company, today announces its Preliminary Results for the year to 31 January 2011. Financial Highlights · Total revenue increased by 16% to £6.24m (2009/10: £5.37m) · UK sales increased 29% to £2.36m (2009/10: £1.82m) · Traded profitably in H2 · EBITDA positive in year £141,000 · Gross profit up 28% to £4.22m; gross margin 68% (2009/10: 61%) · Recurring revenues of £3.68m, representing 59% of total revenues · Loss before tax down 68% to £490,000 (2009/10: £1.55m) · Lowest ever annual cash outflow before financing at £433,000 (2009/10: £1.04m) · Cash balance of £1.40m (2009/10: £1.85m) · Loss per share 0.22p (2009/10: 0.87p)

http://www.investegate.co.uk/Article.aspx?id=201104180700140510F

Gresham Computing makes Q1 progress Date: Monday 18 Apr 2011 LONDON (ShareCast) - Banking software firm Gresham Computing reported improved first quarter pre-tax profit and revenue while it remains confident about its recently upgraded outlook. For the quarter ended 17 April 2011 pre-tax profit rose to £0.3m from £0.0m the year before. Revenue for the period rose to £2.5m from £1.9m. Adjusted EBITDA profit increased to £0.4m from £0.1m the same quarter a year earlier. Gresham confirmed that its order book and pipeline remains strong while cash levels increased to £3.3m from £3.1m before. "Revenues in the first quarter of 2011 were significantly ahead of the comparative period, with Real-time financial solutions revenues up 36%, from growth in both annuity and professional services, and Software revenues up 15% as customer demand for licensing and support continued," said Gresham in a company statement.

Chris Errington, CEO of Gresham, commented: "I am pleased with our performance so far in 2011 and the progress that we are making generally. All areas of the business are contributing well and we are now delivering consistent growth in a number of core areas."

Current trading and outlook Revenues in the first quarter of 2011 were significantly ahead of the comparative period, with Real-time financial solutions revenues up 36%, from growth in both annuity and professional services, and Software revenues up 15% as customer demand for licensing and support continued. Q1 2011 profitability was also significantly improved on the comparative period from a combination of growth in revenues, higher margin work and a restructured cost base. The group's financial position remains strong with cash at 31 March 2011 of £3.3m (31 December 2010 £3.1m). The confirmed order book and pipeline remains strong and we continue to grow our core annuity income base from a combination of contracted SaaS and traditional support and maintenance revenue streams.

Period 1 January 2011 to 17 April 2011 Gresham Computing plc, the specialist provider of software based solutions that enable customers to achieve real-time financial certainty in transaction and cash management, reports its Interim Management Statement for the period 1 January 2011 to 17 April 2011. Highlights for Q1 2011 · Revenue up 32% to £2.5m (Q1 2010: £1.9m); · Adjusted EBITDA profit £0.4m (Q1 2010: £0.1m); · Profit before tax £0.3m (Q1 2010: £0.0m); · Cash £3.3m (31 December 2010 £3.1m); · Confirmed order book and pipeline remains strong; and · Management confident about recently upgraded outlook.

http://www.investegate.co.uk/Article.aspx?id=201104180700060373F

Aveva on track for FY Date: Monday 18 Apr 2011 LONDON (ShareCast) - Engineering software firm Aveva said it expects full year results to be in line with expectations after a good performance in Asia Pacific Oil and Gas and Power sectors. "The group has continued to perform well in its key vertical markets and geographies, consistent with the trends identified in January 2011," the group said in company update. While Asia Pacific performed strongly, driven by the Oil and Gas and Power sectors, there were also signs of improvement in Marine from Offshore Oil and Gas projects, Aveva said. The group also underlined that, to date, there has been no impact on the business from events in Japan. However Aveva warned that growth rates in EMEA, Central Europe was hindered by the slower economic recovery across the region during the year. Similarly in the Americas, North American sales were hurt by the "economic conditions and the competitive environment". Latin America continued to grow strongly however, as new opportunities in the Oil and Gas market in Brazil open up. Commenting on the group's progress, chief executive Richard Longdon said, "We are encouraged that we have seen market conditions generally improve in the last quarter although we are conscious of continuing global uncertainties."

Endeavour Announces Rochelle Commercial Terms Endeavour Announces Agreement of Rochelle Commercial Terms HOUSTON, April 18, 2011 -- Endeavour International Corporation today announced agreement of commercial terms for the processing and transportation of East Rochelle production on the Scott Platform, in the Central North Sea. Endeavour, operator of the East Rochelle, plans to award contracts and commence construction of the production facilities immediately. "This represents an important milestone in the development of the East Rochelle field," said William L. Transier, chairman, chief executive officer and president. "Endeavour can now move forward expeditiously to achieve first production in 2012. This off-take solution is expected to incorporate the production at West Rochelle, the second phase of the development of the Greater Rochelle area, which will be on a simultaneous track with East Rochelle." The Field Development Plan for East Rochelle was approved by the Department of Energy and Climate Change in February 2011. The plan calls for the subsea development to be linked by a 30- kilometer pipeline to production facilities on the Scott platform. First production from East Rochelle is planned for the second half of 2012. Endeavour holds a 55.6 percent working interest in the East Rochelle development and Nexen Petroleum UK Limited holds the remaining 44.4 percent interest.