Member Info for mulledwine

Not that I hold ibal in very much esteem but for what its worth here is a little reminder. http://www.iii.co.uk/tv/episode/norseman-gold-ngl

http://www.iii.co.uk/tv/episode/burberry-group-plc-brby

. Commenting on the Acquisition, Ian Blackburn, Chief Executive of Zetar plc said: "The acquisition of Derwent Lynton is complementary to our existing confectionery business, providing access to new customers. Its additional manufacturing capability will also give Zetar the flexibility to offer new product variants to our existing customers. "This relatively small acquisition is Zetar's first acquisition since 2007. We are continuing to review other small opportunities".

Acquisition of Derwent Lynton Co. Limited ('Derwent Lynton') Zetar, the AIM quoted confectionery and snack foods company, is pleased to announce the acquisition of the entire issued share capital of Derwent Lynton for a maximum consideration of up to £0.8 million (the "Acquisition"). Derwent Lynton is a chocolate confectionery manufacturer based in Derby. It specialises in the manufacture of solid milk chocolate & chocolate flavour balls & eggs, hollow milk chocolate shapes, sugar-coated milk chocolate products including eggs & beans and chocolate drops covered in "hundreds & thousands" ("jazzies" & "snowies"). Its operations will form part of Zetar's Confectionery division. In the year ended 30 June 2010, Derwent Lynton had sales of £4.2 million (2009: £3.9 million) and an operating profit of £114,000 (2009: £31,000). At 30 June 2010, net assets amounted to £0.6 million. The total consideration paid is dependent upon the level of working capital at completion. It is anticipated that the initial consideration of £0.5 million paid in cash at completion and deferred consideration of £0.1 million to be paid in May 2012, will be the only consideration paid.

http://www.investegate.co.uk/Article.aspx?id=201104140700118833E

Zetar (LON:ZTR) has sealed a tasty acquisition in Derby-based chocolate maker Derwent Lynton, according to Liberum Capital’s Simon Dunn. The analyst said: “there is considerable scope for an acceleration in growth of Zetar through enhancing, bolt-on acquisitions.” Dunn said that the stock is set for a re-rating and he estimates fair value of 350 pence a share.

Sean McLoughlin at Westhouse Securities repeated an ‘accumulate’ rating on Greenko Group (LON:GKO), after it secured a new concession to build renewable power facilities in Karnataka State, India. “A new 300 megawatt wind concession in Karnataka underlines Greenko’s increasing focus on building out its wind capacity, now expected to reach 165 megawatts by fiscal Q2 2013,” the analyst said. “The concession, in our view, improves visibility on Greenko’s pipeline.”

Ambrian Capital’s Werner Riding reckons that investors should take encouragement from the fact that Salamander Energy (LON:SMDR) encountered a significant gas column, and that the group’s management remains hopeful that a second appraisal well will produce a more positive outcome than the first. The comments followed the news that Salamander was not able to demonstrate a commercial flow rate from the Dao Ruang-2 well.

Peel Hunt analyst Robin Hardy reckons UK-based construction firm Galliford Try (LON:GFRD) has further to go. He said the share still looks cheap against his 510 pence a share price target. “The expansion strategy is set to deliver growth stronger than in the rest of the sector, yet this business’s valuation remains low,” Hardy said in a note to clients. “On many valuation bases, the housing division alone is worth more than the group’s market cap, and construction attracts little value despite being cash-rich and materially profitable.”

Jamie Rollo, analyst at Morgan Stanley, said he was bullish on the hotel sector in a note to clients today. He sees at least three more years of strong growth. His preferred stocks on the LSE are Intercontinental Hotels (LON:IHG) and Whitbread (LON:WTB). “With a multi-year upswing likely, which could develop into rising portfolio transactions and M&A activity, we expect multiples to remain underpinned and see ongoing upside risks to forecasts,” Rollo said.

Jamie Rollo, analyst at Morgan Stanley, said he was bullish on the hotel sector in a note to clients today. He sees at least three more years of strong growth. His preferred stocks on the LSE are Intercontinental Hotels (LON:IHG) and Whitbread (LON:WHB). “With a multi-year upswing likely, which could develop into rising portfolio transactions and M&A activity, we expect multiples to remain underpinned and see ongoing upside risks to forecasts,” Rollo said.

Fri 3:27 pm by Jamie Ashcroft Citigroup’s Haley Tam repeated a ‘hold’ recommendation on Ashmore Group (LON:ASHM). The analyst has a 350 pence target for the asset manager. “We believe in the long-term emerging market growth story at Ashmore but see negative momentum near-term,” Tam said.

Fri 3:27 pm by Jamie Ashcroft Old Mutual (LON:OML) is now a more focused life insurance group after it announced the final approval for the sale of its US life business, according to UBS analyst Michael Christelis. He reckons the deal de-risks the business significantly, with respect to corporate credit risk. The analyst rates the insurer as a ‘buy’ and today he upped his price target from 174 to 178 pence a share.

http://www.proactiveinvestors.co.uk/companies/news/27392/kyrso-resources-shares-advance-as-it-upgrades-pakrut-gold-resource-to-35-mln-ounces-27392.html

http://www.stockopedia.co.uk/content/james-murrays-growth-strategy-pays-dividends-at-alternative-networks-55747/?utm_source=sendgrid.com&utm_medium=email&utm_campaign=Site%20Features

Julian Turner, Chief Executive of Electric Word, commented: "With the acquisition of Ikonami we are extending further into the Healthcare sector - an area which is evolving and for which there is significant government funding. Ikonami has an excellent reputation for its software within the NHS, a strong market position and an outstanding opportunity to grow in a fast-changing environment in which effective people management, training and compliance will be increasingly important within the new health service structures. As information and workflow tools become more integrated and Electric Word's services become more digital, this acquisition gives us an excellent platform for future organic growth in the healthcare sector and allows us to extend the Radcliffe brand so soon after we acquired it." Arif Ahmed commented: "Ikonami has a close relationship with its customers which include over 400 NHS Trusts. We believe that they will benefit from the investment we will be able to make in bringing our software to more Trusts and further improving the quality and depth of services we can offer to NHS Training Managers, in particular as part of the growing range of Radcliffe products and services."

Electric Word snaps up NHS software firm for £2.2m Date: Friday 15 Apr 2011 LONDON (ShareCast) - Sports and education information publisher Electric Word is buying NHS software provider Ikonami for a maximum consideration of £2.2m. "With the acquisition of Ikonami we are extending further into the Healthcare sector - an area which is evolving and for which there is significant government funding,” said chief executive Julian Turner. The amount is made up of an initial cash consideration of £151,250 to be paid over the first year after completion, and the remainder (of the maximum consideration) will be satisfied if Ikonami is able to make £1.15m in profits in the year to November 2013. Ikonami made a loss before ta for £115,921 in the year ended 31 October. Seperately, Electric Word announced that its sports and iGaming information division is showing strong growth, and profits for the current year are expected to be significantly ahead of last year. However, market conditions in the educational publishing division continue to be very challenging due to uncertainty in education funding.

http://www.investegate.co.uk/Article.aspx?id=201104150700089830E

Very nice indeed. 2 outstanding days

Following on from yesterday's announcement, DDD Group (DDD), the 3D consumer technology licensing group, has signed a two-year license agreement to bundle its TriDef 3D PC conversion software products with a "leading" PC chip manufacturer's next generation PC processors. The deal allows the PC chip maker to supply DDD's TriDef 3D Experience software with its 3D PC processors directly to original equipment manufacturers and also via retail outlets in 3D accessory packs. Shares in DDD jumped by 3.75p to 36.5p.