Member Info for mulledwine

Commenting on the results, Colin Lloyd, Chairman of Motivcom plc, said: "I am pleased to report another period of strong growth; Motivcom has achieved a 24% increase in headline operating profit for the financial year ended 31 December 2010. The Group's growth has been organic and has been driven by many of our largest clients increasing their spending, as well as new business wins". "The Group has a clear direction and strategy which has delivered good results for the period which were ahead of market expectations and our position in our markets remains strong. The Board has confidence in making further progress in the current financial year, but is mindful of any significant increases in client expenditure given the ongoing challenging economic climate."

HIGHLIGHTS · Gross profit increased by 22% to £27,776,000 (2009: £22,775,000) · Headline operating profit* increased by 24% to £4,763,000 (2009: £3,830,000) · Headline profit before tax† increased by 34% to £4,686,000 (2009: £3,503,000) · Headline basic earnings per share‡ increased by 31% to 11.48 pence (2009: 8.75 pence) · Operating profit increased by 32% to £4,463,000 (2009: £3,391,000) · Profit before tax increased by 43% to £4,386,000 (2009: £3,064,000) · Basic earnings per share increased by 40% to 10.72 pence (2009: 7.65 pence) · Interim dividend of 1.0 pence per share paid 5 November 2010 and final dividend of 2.2 pence per share to be paid on 22 June 2011, making a total dividend of 3.2 pence per share (2009: total dividend of 2.5 pence per share), an increase of 28% · Net cash balances at 31 December 2010 of £6,239,000 (2009: £1,834,000) · Equity increased by 13% to £20,448,000 (2009: £18,061,000) · Diverse service offering provides an excellent platform for future growth and development * Operating profit of £4,463,000 (2009: £3,391,000) plus amortisation of intangible assets of £300,000 (2009: £439,000). † Profit before tax of £4,386,000 (2009: £3,064,000) plus amortisation of intangible assets of £300,000 (2009: £439,000). ‡ See reconciliation in Note 5

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4156525

"The first pass drill results from La Plata show the potential of the emerging multi-million ounce La Mascota gold-silver trend to the southwest," commented Steve Kesler, President and Chief Executive Officer of Greystar. "Our wholly owned La Plata property adds yet another dimension to our property holdings in northeastern Colombia. It is also important to note that this project is at a lower elevation than both the La Bodega/La Mascota property and the Angostura Project, and that it is not subject to development restrictions associated with Paramo legislation."

Greystar Intercepts 1,805 g/t Silver, 5.09 g/t Gold and 0.83% Copper Over 2 Metres at La Plata VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2011) - Greystar Resources Ltd. (TSX:GSL)(AIM:GSL) ("the Company") reports that significant silver-gold-copper mineralization has been encountered from its initial diamond drill program on the La Plata property. La Plata is located southwest and along strike of the multi- million ounce La Mascota gold-silver-copper discovery in northeastern Colombia. Highlights include: -- Hole PL10-01, which intercepted 12.85 metres (16.15-29.0m) grading 85.13 grams silver, 1.24 grams gold and 0.19% copper followed by 8 metres (29.0-37.0m) grading 32.59 grams silver, 5.20 grams gold and 0.64% copper; -- Hole PL10-04, which intercepted 18.15 metres (11.85-30.0m) grading 32.24 grams silver and 4.64 grams gold; -- Hole PL10-12, which intercepted 2.0 metres (322.0-324.0m) grading 1,805 grams silver, 5.09 grams gold and 0.83% copper and; -- Hole PL11-01, which intercepted 8.2 metres (198.8-207.0m) grading 24.22 grams silver, 1.73 grams gold and 0.41% copper.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4156481

emsemporium - apologies I have just returned to the board - I dare say you will have found the answer to your query by now but yes indeed USD is correct

http://www.investegate.co.uk/Article.aspx?id=201104051532063515E

Strategic Developments IAG has reached agreement with Airbus to purchase eight A330-300 aircraft and options for up to eight A330 family aircraft for Iberia's long haul fleet. The aircraft will be delivered between Autumn 2012 and Spring 2014 replacing up to 16 A340 aircraft. The joint business between American Airlines, British Airways and Iberia now delivers more benefits to customers across the North Atlantic. From March 27, American Airlines and British Airways created UK-US transatlantic 'shuttle' services on top UK-US routes by aligning schedules between Heathrow and New York, Chicago and Miami, removing overlapping timings and providing a better spread of services. British Airways launched flights from Gatwick to Marrakech in Morocco and San Juan in Puerto Rico, as well as changing Heathrow to Buenos Aires to a daily, non-stop service. Iberia launched three per week services from Madrid to Los Angeles and Barcelona to Miami. Iberia Maintenance has converted an Airbus A330-200 passenger airliner into a Multi Role Tanker Transport (MRTT), equipped for mid-air refuelling for Airbus Military. It is the first time such a complex task has been performed in Spain and is part of the strategy of reorienting the maintenance business towards technologically challenging and high value-added activities. April 5th, 2011

IAG - INTERNATIONAL AIRLINES GROUP MARCH 2011 - GROUP TRAFFIC AND CAPACITY STATISTICS § In March 2011, Group traffic measured in Revenue Passenger Kilometres rose by 8.8 per cent versus March 2010, capacity measured in Available Seat Kilometres was up 11.5 per cent. § Taking account of disruption in March 2010, underlying traffic growth and capacity continue the same trend as February. § Group premium traffic for the month of March grew by 18.1 per cent compared to the previous year, with 6.7 per cent growth in non-premium traffic. We estimate that the recovery from strike disruption in March 2010 accounts for roughly half this month's premium traffic growth: the underlying trend appears slightly better than last month. § The Spanish short haul market continues to be highly competitive. In addition, volumes in long haul markets from Madrid have not kept pace with capacity increases in the market this month and therefore for the quarter, although forward bookings for April and May are more positive.

http://www.investegate.co.uk/Article.aspx?id=201104051500233461E

British Airways adds £10 to longhaul fuel surcharge Date: Tuesday 05 Apr 2011 LONDON (ShareCast) - High oil prices have forced British Airways to increase the fuel surcharge on long-haul flights, the airlines owner International Consolidated Airlines (IAG) said today. Passengers travelling on world traveller flights in economy class will now have to stump another £10 a flight. That takes the surcharge up to £95 for flights of less than nine hours and to £116.50 for longer flights. On first class flights, the surcharge will rise by £20, to £125 on long-haul flights of less than nine hours and to £145 on longer flights. The announcement comes the day after oil prices hit a two-and-a-half year high above $120 a barrel as the war in Libya continues. “Fuel now represents over one third of our costs and particularly affects our longhaul flights,” said British Airways chief financial officer Nick Swift. “We are very aware of the wider economic pressures on our customers at the moment and we will bear the vast majority of the recent fuel price rise ourselves to keep this increase in surcharge to a minimum.” British Airways and Spanish rival Iberia merged to form IAG last year.

http://www.investegate.co.uk/Article.aspx?id=201104050700082885E

Assura sees FY ahead of expectations Date: Tuesday 05 Apr 2011 LONDON (ShareCast) - Primary healthcare operator Assura said trading results for the year ended 31 March 2011 were ahead of company expectations following a strong performance from its pharmacy business. Revenue from wholly-owned pharmacies is expected to exceed £33m in the year to 31 March compared to sales of £31m in 2010. However Assura, which recently bought AH Medical Properties, warned that margins had been hit by NHS cutbacks. "As previously reported, margins since 30 September 2010 have been affected by NHS price cuts and further cuts have been announced very recently," it said in a company statement. The group said it hopes to mitigate as much of the impact through further cost savings. It also expects to open a string of new pharmacies in the next 18 months. In addition the primary care centre operator said the sale of its 75% stake in Assura Medical to Virgin Healthcare had resulted in a substantial overhead reduction. Meanwhile Assura's bank facility with National Australia Bank has been reduced to £126m and will be refinanced well ahead of the repayment date of 31 March 2013. Commenting on the group's trading outlook chairman Rodney Baker-Bates said, "Assura is a more focused, leaner and financially stronger business capable of paying dividends and well positioned for further growth." Baker-Bates said he will retire once a suitable successor has been found. CJ

Issue of equity and Trading update The Company announces that it has allotted and issued 1,002,992 new ordinary shares of 10p each (the "Placing Shares") at 14p per share. Of these Placing Shares, 400,000 were issued by way of subscription for cash raising £56,000 and the remaining 602,992 were in lieu of an outstanding loan. The funds raised will be used to provide additional short term working capital for the Company. The Placing Shares represent 3.85 per cent. of the Company's enlarged ordinary share capital. Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that such Admission will occur at 8.00 am on 8 April 2011. Further to the half-yearly report dated 22 December 2010 the directors announce a trading and financing update as at the year-end of 31 March 2011. Despite lengthy negotiations and due diligence to conclude a sale of the Casino business discussions remain ongoing and whilst the directors continue to believe that a sale will occur in due course, there is no immediate certainty as to when it will complete. In the meantime and whilst the Casino has undertaken a refurbishment, the Casino has not generated any revenues of note since the half year and will be significantly behind the revenues for the year-ended 31 March 2010. The marina business has continued to trade steadily but revenues for the year are likely to come in behind budget and those of the previous financial year. Along with other incidental revenues the directors therefore anticipate revenues for the overall Group will be below those of the previous year. As part of the Company's divestment plans it is also considering the sale of the marina business and has had some preliminary discussions with a view to a sale. As announced previously the Company's business of acquiring and developing various property projects, such as the Olive Island Resort and Valdanos, are contingent on procuring significant funding. The directors are optimistic that a funding solution will be resolved in the near term but, whilst the issue of the Placing shares will assist with short term working capital requirements for the Company, in the absence of any material funding the directors will be reviewing the ongoing liquidity of the Company closely over the coming few months. Following the issue of the Placing Shares, the Company will have an issued share capital of 26,063,404 ordinary shares of 10p each. As the Company does not hold any ordinary shares in Treasury its total number of voting rights equals its capital. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.

http://www.investegate.co.uk/Article.aspx?id=20110405070000P0CA8

Cubus Lux to offload another division Date: Tuesday 05 Apr 2011 LONDON (ShareCast) - Croatian tourism group Cubus Lux saw shares fall 10% on Tuesday after revealing that revenues will be below those of the previous year. The group also said that two of its three main business units are now up for sale. Negotiations concerning the previously announced sale of its casino business are still on-going. Cubus says that this unit has not generated any revenues since the half year mark in September, and turnover will be significantly below that of the year before. Revenues for the marina business are also “likely to come in behind budget and those of the previous financial year”, and the group is considering the sale of this division also. The third division, Resort Developments, also seems to be going through a rough patch, and is contingent on procuring significant funding. "In the absence of any material funding the directors will be reviewing the ongoing liquidity of the company closely over the coming few months," the group said.

SaaS model changes Proactis's revenue profile Date: Tuesday 05 Apr 2011 LONDON (ShareCast) - Cloud computing – remote access to applications and data – is the coming thing in the business world but the move to a pay-as-you-go model is causing short-term sales declines for software providers such as procurement solutions specialist Proactis Holdings. The company announced a 13% fall in its half year reported revenues to £3.0m, citing the transition to cloud solutions and the timing of new customer wins as the reasons for the fall. Contracts for cloud solutions are transactional based, that is to say that clients pay on the basis of use, as opposed to the perpetual licence model. As such, this has resulted in a significant increase in the amount of revenue deferred to future earnings periods, which in turn has affected profitability. The upside to the software as a service (SaaS) model is that it tends to boost repeat revenue, and this looks like it could be the case with Proactis, where total annualised contracted future revenues have increased to £4.3m (2010: £3.4m). Proactis management are keen on the new model as it will give the company greater revenue visibility for future periods and reduce the volatility that is associated with the perpetual licence model. The deferral of revenue as a result of the shift to the new model has dented profitability in the period and the group has reported an operating loss of £208,000 (2010: profit £384,000). Loss before tax in the six months to 31 January was £0.21m, versus a profit the year before of £0.38m. On a positive note, the firm assures investors that the calibre of clients is getting bigger and better, deal activity is buoyant with continued strong customer loyalty – there were 38 upgrades in the period, down from 42 in the corresponding period a year earlier – and new customers are showing increased commitment. The company has indicated that the second half has started well and, although it is too early to say whether the public sector is now ready to address spend control, “it is encouraging that we have recently signed two new local authority customers.” The company has not declared a dividend.

Reserves grow at Kirkland Lake Date: Tuesday 05 Apr 2011 LONDON (ShareCast) - Gold miner Kirkland Lake Gold said proven and probable reserves in its high grade south mine complex (SMC) at KIrkland Lake, Ontario, grew by 5% last year. Measured and indicated resources increased by 17% while inferred resources increased by 7%. "Our exploration and development programmes during the last 7 months of 2010 successfully advanced the SMC to a critical mass of 1.34m ounces of gold with a further 723,000 ounces in the inferred category grading 0.79 opt [gold per ton]. The company's exploration strategy remains to convert inferred resources to indicated status, test previously unexplored areas and replace all ounces mined in the Main Break and SMC," said company president, Brian Hinchcliffe. The Main Break is the older part of the mine complex at Kirkland Lake. "Exploration efforts continued to generate additions to the reserve and resource base well in excess of 20,000 ounces per month including additional Main Break ounces that will likely be mined in the short term due to proximity to the number 3 production shaft," Hinchcliffe added.

Wrong board - have given myself a slap.