Member Info for mulledwine

Surely SP should be performing better than this. I wish I had some spare cash to get in at this level again.

Acquisitions and Integration The Group has made strong progress on its buy and build strategy during the period, completing eight acquisitions. In addition, one further acquisition was completed post year end. Each of the six businesses acquired in the first nine months of the financial year to 31 December 2011 have now been fully integrated, including Spiritel and NEG. In addition, the integration of the more recent acquisitions is progressing to plan. All of the businesses acquired during the financial year are trading in line with original management expectations. Current Trading At the Group level, there has been a material improvement in underlying cash flow and earnings in the six months to 31 March 2011. During the period, in addition to the progress made on acquisitions, previously integrated businesses have traded in line with the Group's plan and strong synergies have been achieved. As a result, the Board is pleased to confirm that the results for the current financial year are expected to be in line with market expectations, with performance in the second half of the year significantly ahead of that seen in the first half. The Group will announce it preliminary results on 28 June 2011. Outlook The Board is pleased with the progress made to date and looks forward to the financial year ended 31 March 2012 with confidence.

Trading update for the 12 months ended 31 March 2011 Daisy Group plc (AIM: DAY), a leading provider of unified business communications services, is pleased to issue the following statement prior to entering the close period for its preliminary results. Highlights · Preliminary results expected to be in line with market expectations · Material improvement in Group earnings and underlying cash flow in the second half of the financial year · All businesses acquired during the year are trading in line with original management expectations · Integration of six of the businesses acquired during the year completed

http://www.investegate.co.uk/Article.aspx?id=201104140700118846E

Chris Yewdall, Chief Executive of DDD said: "We are pleased to have been selected by Samsung to provide the content solution for their new 3D PC products and this agreement broadens our existing relationship with Samsung. TriDef 3D software is fast becoming an industry standard within the emerging 3D PC market."

Los Angeles, California: DDD Group plc (AIM: DDD), the 3D consumer technology licensing group, has signed a license agreement with Samsung Electronics Company Ltd. ("Samsung") to bundle DDD's TriDef® 3D PC software products with Samsung's new line of 3D PC Monitors. The two-year license agreement allows Samsung to ship DDD's TriDef 3D Experience software with Samsung's 3D Monitor products that were showcased at the Consumer Electronics Show ("CES") in Las Vegas in January 2011. Announced at CES, Samsung's 3D LED Series 7 and Series 9 monitors deliver a wide variety of content in 3D, from 3D gaming to 3D movies, 3D internet content, 3D photos, and 3D broadcast channels. 2D content can be watched on all of the 3D monitors, and many of them have real-time 2D to 3D conversion allowing 2D content to be watched in 3D. Samsung's 3D monitors offer superior versatility delivering 3D viewing for broadcast, movies and gaming. Samsung 3D monitors deliver stunning picture quality and color vibrancy. All Samsung 3D monitors have a combination of LED-backlight, 100% sRGB coverage and Samsung's proprietary Ultra Clear Panel, which combines the vibrancy of a glossy display while maintaining the ease of viewing afforded by an anti-glare matte finish - blacks are deeper and contrast is enhanced. Samsung's SA/TA750 and SA/TA950 3D monitors offer a complete 3D solution in the box, including electronic 3D glasses, built-in sync emitter, and TriDef 3D software. Available in over 37 languages, DDD's TriDef 3D software allows over four hundred and fifty of the very latest PC games to be played in stereoscopic 3D 'off the shelf', even though the game has not been specifically developed for 3D. DDD's TriDef Ignition™ 2D to 3D game conversion engine is compatible with DirectX 9, 10 and 11 games. Its unique high-performance stereoscopic 3D render mode enables 3D gaming on Samsung's 3D PC model line up with no significant compromise in performance and is compatible with PC graphics processors from both AMD as well as Intel's 2nd Gen Core processors. In addition to a wide variety of PC games, DDD's TriDef Media Player automatically converts PC media and photo files from 2D to 3D along with DVD movies and is compatible with the growing library of original 3D content available from DDD's Yabazam! 3D content portal.

http://www.investegate.co.uk/Article.aspx?id=201104140700138972E

Financial Overview * Increase of interest in associate Extract of 0.71% to 41.12% (as at 31 December 2009: 40.41%). The market value of this investment at reporting date is £617.7m (reporting date share price value £6.17 : A$9.40) * Slight annual decrease of interest in associate North River of 0.16% to 44.73% (as at 31 December 2009: 44.89%). The market value of the investment in North River at reporting date is £10.5m (reporting date share price value £6.17) * During the year the Company successfully raised net capital proceeds of £ 42.3m, which included a raising on 16 December 2011 of £41.1m (after expenses) by way of a placing of 18 million new ordinary shares of 1 pence each in the capital of the Company, at a price of 232 pence per placing share * Since the year end, the Company has increased its interest in associate Extract from 41.12% to 42.79% (as at 31 March 2011) and its interest in North River was diluted to 38.03% following a fundraising which Kalahari was unable to participate in due to its 4.2 announcement regarding CGNPC-URC's possible offer for Kalahari.

Final Results Kalahari Minerals plc, the AIM listed resource company, announces its results for the year ended 31 December 2010. Overview * Key value driver is Kalahari's significant interest in Extract Resources Limited, which is developing the world-class Husab Uranium Project ("Husab") towards production * DFS on Zones 1 and 2 of Husab has demonstrated its economic viability to develop into one of the top three largest uranium mines in the world * Zones 1 and 2 of Husab are capable of producing 15Mlb of U3O8 per annum, via conventional open pit mining and a proven process flow sheet, over an initial mine life of 16 years * Significant additional potential to increase the mine life and project economics through the Mine Optimisation and Resources Extension (M.O.R.E.) programme and to increase the resource through additional exploration on new zones of mineralisation including Zones 3, 4 and 5 of Husab, Middle Dome, Pizzaro and Salem * Environmental approval for Husab mining licence granted from Namibia's Ministry of Environment and Tourism * Considerable international interest in Husab project - discussions with major mining companies and state-owned energy entities regarding future development and production potential of Husab * Possible cash offer made for Kalahari by CGNPC-URC, a wholly owned subsidiary of China Guangdong Nuclear Power Holding Corporation

http://www.investegate.co.uk/Article.aspx?id=20110414105000P9960

http://www.investegate.co.uk/Article.aspx?id=201104141112149151E

Ralph Topping, Chief Executive of William Hill, commented: "These acquisitions mark William Hill's entry into the strategically important US market, taking a leading position in sports-betting, which is firmly embedded in our DNA. AWI and the Cal Neva Sportsbook Division are well-established businesses with a large footprint throughout Nevada. We see significant opportunities for growth by investing in Nevada and arising from the combination of these businesses. We look forward to working with our new colleagues to enhance their offering with the breadth of our sports-betting content and technology. "Together, we will be well-placed to take advantage of opportunities in sports-betting and other products and channels as they develop in the US. This transaction gives William Hill an experienced local management team, a route towards a Nevada gaming licence, established regulatory and casino industry relationships and a highly competitive product offering. These acquisitions are only the start of our investments in the US market."

William Hill is also acquiring the Cal Neva Sportsbook Division, which is a part of the Sierra Development Company, a privately-owned casino and hotel business. The Cal Neva Sportsbook Division, which currently operates 31 sportsbooks in Nevada and employs approximately 120 people, was established in 1989 and has a long track-record of profitable operation. In the year to 31 December 2010, the business delivered estimated revenues of $10.7m. William Hill will be paying $21.0m in cash, subject to working capital adjustments. A further payment of $1.5m will be payable in the event that the Cal Neva Sportsbook Division achieves certain performance criteria in the 12 months to 29 February 2012. Before completing the acquisitions, William Hill and certain William Hill senior managers are required to be licensed by the Nevada Gaming Commission. It plans to submit these applications shortly and the licensing process is expected to complete during 2012, after which point the transaction would legally complete. With the exception of the loan to AWI, payment for the transactions will be made only on legal completion. Should William Hill's gaming licence application not be successful, it will incur break fees payable to AWI and Cal Neva of $3.5m in aggregate. The consideration for the acquisitions, taken together, is approximately $39m. These acquisitions are expected to be marginally earnings enhancing (before transaction and integration costs and the amortisation of intangible assets associated with these acquisitions) in the first full year of acquisition, which is expected to be 2013. The Group expects to incur $6m in transaction and integration costs during 2011 and 2012.

William Hill to enter land-based US betting market 14 April 2011 William Hill PLC (LSE: WMH) (William Hill or the Group) announces that it has signed binding agreements to acquire two Nevada land-based sports-betting businesses, American Wagering, Inc. (OTC:BB:BETM) (AWI) and the Club Cal Neva Satellite Race and Sportsbook Division (Cal Neva Sportsbook Division). In the US, sports-betting is legal under Federal law in Nevada, Delaware, Montana and Oregon. Nevada is, by far, the most significant with an estimated turnover of $2.7bn and gross win of $151m generated in 2010 from approximately 190 locations. AWI and Cal Neva operate sportsbooks in casinos and taverns throughout Nevada. AWI also supplies sportsbook technology to larger casino groups who manage their own sportsbooks. AWI, which employs approximately 200 people, operates 72 sportsbooks and kiosks under the Leroy's brand, established in 1978. It has a track-record of innovation, having developed the first approved, purpose-built, computerised bookmaking system in Nevada and the first approved self-service, cash-based betting terminal. Its proprietary technology platform is currently licensed by major casino operators in Nevada, including MGM Resorts, Wynn, Boyd Gaming, South Point, and Las Vegas Sands. In the year to 31 January 2010, its revenues were $14.8m and EBITDA was $2.1m. William Hill is acquiring AWI for $0.90 per share, which equates to $9.4m on a fully diluted basis, plus the settlement of approximately $4m of debt and preference shares and the injection of a $4.3m convertible loan to AWI; c$18m of enterprise value in total. William Hill has the option to provide a further $3m of loans at its sole discretion. William Hill has received written consents approving the transaction from AWI shareholders who own the majority of AWI's voting share capital. No further approval of the AWI shareholders is required to approve and adopt the transaction.

http://www.investegate.co.uk/Article.aspx?id=201104141300029100E

Friday preview: Ladbrokes a faller at Cheltenham Date: Thursday 14 Apr 2011 LONDON (ShareCast) - Betting shops and casinos operator Ladbrokes issues a trading statement covering the first quarter of 2011 on Friday. Broker Panmure Gordon is braced for a disappointing trading update, and is forecasting flat net gaming revenue for the period, which includes a Cheltenham festival that is unlikely to have been a big winner for the bookie. “Whilst [chief executive] Richard Glynn continues to impress with his turnaround plans, £50m of capital expenditure on technology over the next two years suggests the fruits of his labour are some way down the track,” the broker asserts. "We believe net gaming revenue growth is unlikely to improve over the course of the year given the significant contribution from the football World Cup last year and the increase in VAT this year,” the broker said.

Hamworthy sees surge in orders Date: Thursday 14 Apr 2011 LONDON (ShareCast) - Oil and gas services group Hamworthy saw shares rise after expressing its confidence in meeting expectations as its order book at year end was almost double that of the year before. As of 31 March, the group’s order book was £258m, up from £142m in 2010. “Hamworthy continues to experience strong demand for its Aftersales products and services and increased order intake from the oil and gas market,” the statement said. However, while activity levels in the liquefied natural gas and liquefied petroleum gas markets have improved, the group said that the recovery in the wider marine new build market is less consistent and the sustainability of that recovery remains uncertain. Nevertheless, net cash generation in the second half was ahead of previous estimates.

Trading Update Hamworthy (AIM:HMY), a world leader in the design and manufacture of innovative marine, onshore and offshore fluid handling systems, is pleased to give the following trading update. The improved level of order intake announced on 26 January 2011 has continued with the Group's order book as at 31 March 2011 now at £258 million (31 March 2010: £142 million). Net cash generation in the second half year has been ahead of previous indications and the Group maintains its strong balance sheet. The Board remains confident of meeting full year expectations for the year ended 31 March 2011. Hamworthy continues to experience strong demand for its Aftersales products and services and increased order intake from the oil and gas market. Activity levels have improved in the LNG market with two significant regasification orders being secured in the second half and an increase in enquiries for systems for LNG carriers. Whilst the volume of contracts and enquiries for products and systems for LPG carriers has increased during the year, recovery in the wider marine new build market is less consistent across ship types and the sustainability of that recovery remains uncertain. The Group will be announcing its Preliminary Results on Tuesday 7 June 2011. An analyst briefing will be held at 9.30 a.m. at the offices of Abchurch Communications, 125 Old Broad Street, London, EC2N 1AR.

http://www.investegate.co.uk/Article.aspx?id=201104140700088717E

Bid target 888 sees surge in customers Date: Thursday 14 Apr 2011 LONDON (ShareCast) - Customer numbers at online gaming firm 888 surged in the first quarter of 2011, but with turnover growing at a slower rate, revenue per active player saw a significant decrease. Meanwhile, outgoing boss Gigi Levy reassured nervous investors that talks over a possible bid by Ladbrokes are still ongoing. The bookmaker confirmed speculation in December that it was mulling a bid. “There is a discussion ongoing with Ladbrokes. There's not a lot of disagreement other than one, which is price, and that may close or may not,” said Levy. Group revenue grew by 9% compared with the first three months of 2010, from $69.2m to $75.3m, with business-to-consumer operations experiencing growth in all product lines, especially Casino and Poker. Meanwhile, the number of active players in Casino and Poker climbed from 217,800 to 302,300, meaning that revenue per active player (in those two categories) fell from $204 to $148. Nevertheless, they were record results as far as the company is concerned, who announced the departure of its chief executive officer (CEO) Levy on Monday. “These record results are a fitting end to Gigi's tenure as CEO at 888 and provide an excellent base from which to grow the business in 2011,” said chairman Richard Kilsby.