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Xaar plans capacity increase Date: Tuesday 22 Mar 2011 LONDON (ShareCast) - Inkjet printing head technology developer Xaar produced a sharply improved performance but a lack of capacity means that it will be difficult to grow as quickly this year. Revenues grew by one-third to £54.7m in 2010, although the comparative figures were adjusted because sales to the Chinese distributor are now only recognised when the equipment is sold on. The underlying profit rose from £2.1m to £5.6m. The total dividend was maintained at 2.5p a share. Net cash was £22m at the end of 2010 following the £13.9m raised from a placing at the end of last year. Much of the growth from the P3 print head is coming from the ceramic tile printing sector. There are other potential industrial markets but without the capacity to satisfy demand Xaar is holding off from developing them. The £22.2m of capital investment at Huntingdon has started but there won’t be a significant capacity increase until late in 2011. Royalty revenues from Japan were strong last year helped by the strong yen. The earthquake in Japan is likely to hit first quarter royalty revenues with short-term power cuts continuing to hamper production. House broker forecasts a rise in profit to £8.5m in 2011 but it reckons that when the new capacity starts coming on stream in 2012 the profit could jump to £14.1m.

Strong growth from Planet Date: Tuesday 22 Mar 2011 LONDON (ShareCast) - AIM-quoted multi-currency payment processor Planet Payment ended 2010 strongly and that momentum has continued into 2011. Revenues grew from $47.3m to $64.7m last year with transaction volumes one-third higher at $2.9bn. Growth is coming from the build up of revenues in newer markets and in China, as well as adding new merchants to the service. Stripping out a $1.11m write-off relating to software inventory, the pre-tax loss was $2.21m. The figures got a boost from a $527,000 write back relating to doubtful debt provisions. More importantly, there was a cash inflow from operations of $288,000. The capitalised costs of internal projects fell from $1.39m to $1.65m. First quarter revenues are expected to increase by 60% to around $21m, with multi-currency processing revenues projected to rise 80% to $18m. This is the first time that the first quarter revenues will not be significantly lower than the previous fourth quarter. The geographical diversity of the business has helped. Daniel Stewart forecasts a 2011 profit of $7m on revenues of $87.8m. Considering the first quarter performance the revenue figure could be conservative.

Dolphin NAV sinks Date: Tuesday 22 Mar 2011 LONDON (ShareCast) - Mediterranean residential resort property investor Dolphin Capital Investors reported a decline in its net asset value from €1.94 a share to €1.82 a share in the 12 months to December 2010. AIM-quoted Dolphin’s net asset value fell from €1.26bn to €1.14bn, with the fall in the valuation of the Aristo subsidiary blamed for most of the decline. The sterling-based NAV is 173p a share. There was a €17.4m property valuation write-down and investment manager fees of €18.1m. There were property disposal gains of €9.89m but admin costs and other charges, plus the interest charge meant that the loss was €78.2m. That is around two-fifths of the previous year’s loss when the valuation write-down was €124.7m. Net debt was around €367m at the end of 2010. The finance for the development of the most advanced projects has been secured. This year the focus will be on selling properties in the main projects.

Carnival lowers earnings guidance By John Harrington Date: Tuesday 22 Mar 2011 LONDON (ShareCast) - Cruise operator Carnival has had a hard time of it of late as the oil price continues heading north at pace, and it predicts that increased fuel costs for the current financial year will put a 45 cent dent in earnings per share (EPS). On the plus side, exchange rates have moved in the company's favour since it issued earnings guidance in December and it now expects currency fluctuations will offset the higher fuel costs to the tune of around nine cents per share. Net cruise costs excluding fuel per available lower berth day for fiscal 2011 are expected to be flat or marginally higher on a constant dollar basis compared to the prior year, the company said. The company issued guidance on EPS for the current financial year, saying it expected the full year outcome to fall somewhere between $2.55 and $2.65 on a fully diluted basis, down from its December guidance of $2.90 to $3.10. Second quarter EPS are seen falling in the range of $0.20 to $0.24, compared to $0.32 in the second quarter of fiscal 2010, due to the drag on earnings from higher fuel prices. In the three months to 28 February 2011, the first quarter of the company’s financial year, it saw revenue rise to $3.4bn from $3.2bn in the first quarter of the previous year, due to increased capacity and ticket prices. First quarter net revenue yield using constant exchange rates rose 2.0% on a year earlier, in line with guidance issued in December. Fuel prices increased 9% to $543 per metric ton for in the first quarter, versus $497 per metric ton in first quarter 2010. Profit before tax dipped to $157m from $160m a year earlier, while EPS eased to 19 cents from 22 cents. The first quarter dividend has been jacked up to 25 cents from 10 cents a year earlier. "Despite the uncertain world events that have unfolded during our peak booking period, we have experienced a solid wave season,” said chairman and chief executive Micky Arison, adding that ticket prices for the peak summer season remain particularly strong. “Long-term fundamentals for our business remain attractive in an environment where consumers increasingly value the importance of taking their holidays,” Arison maintained. Booking prices and volumes for the remaining three quarters of the company’s financial year are running higher than the year before, the company said.

Horrible spread wont encourage trading 55 - 65

Phorm raises £10m of new money Date: Tuesday 22 Mar 2011 LONDON (ShareCast) - Targeted online advertising firm Phorm is raising £16.1m from the issue of loan notes with an annualised interest charge of 15%. Existing loan notes worth £6.1m will be cancelled so the net cash inflow will be £10m before expenses. The loan notes are repayable at the end of October 2013 and the interest will be added to the principal and paid at that time. If the loan notes are repaid before this date then the holders will receive 235,000 shares for each £1m repaid. Additional shares could also be issued if certain other things happen. One holder of the old loan notes can convert the new loan notes into shares after 15 months at a price of 75p a share. The others have to wait for 18 months. The loan notes are secured on non-cash assets and intellectual property. AIM-quoted Phorm has delivered a number of advertising campaigns in recent weeks and the results are encouraging. This has helped to indicate how ell the model will work. The initial business has been in Brazil and revenues are still modest.

Rank's £74.8m bingo win Date: Tuesday 22 Mar 2011 LONDON (ShareCast) - Rank Group has had a bumper bingo win today following the receipt of £74.8m it overpaid on its bingo revenues, with more to come in interest payments. At the time of its 2010 results announcement Rank estimated the repayment would be £65m plus interest. The repayment from Her Majesty's Revenue and Customs (HMRC) related to VAT paid on bingo between 1973 and 1996. The interest has mounted up and Rank will receive a further £79.5m to cover the interest later this month. Rank claims that the application of VAT to bingo revenue was inconsistent and that it “contravened the European Union's principle of fiscal neutrality”. Rank has won judgements in the First-tier Tribunal's tax chamber and the High Court. HMRC has appealed to the European Court of Justice and the appeal should be heard later this year. If HMRC wins the appeal then Rank will have to pay back the cash.

Pennant awarded £10m training contract By Benjamin Chiou Date: Tuesday 22 Mar 2011 LONDON (ShareCast) - Training services group Pennant International leapt Tuesday after it was awarded a £10m aircraft training equipment contract with Anglo-Italian helicopter firm AgustaWestland. Through its wholly-owned subsidiary, Pennant Training Systems, the group will develop maintenance training equipment for the AW159 Lynx Wildcat helicopter, to be used by the Army and Royal Navy in the training of students within the aircraft system. Pennant's chief executive officer Chris Snook said "Pennant look forward to working in partnership with AgustaWestland to jointly deliver a value for money training solution and achieve the ready for training date of 2013."

Jetion decides to depart AIM Date: Tuesday 22 Mar 2011 LONDON (ShareCast) - Jetion Solar Holdings says that it intends to cancel its AIM quotation even though its proposed Hong Kong listing has still not happened. In March 2010, solar cells and modules producer Jetion said that it intended to apply for a Hong Kong listing. The move was indefinitely postponed last September because of market weakness and the volatile global economic conditions. Jiezhen Yang, who is the Mother of the chief executive and owns 59.5% of Jetion, and some other shareholders say that they will make an offer of 83p a share in cash within 30 days of cancellation. A general meeting will be held in China on 15 April and, if the motion is passed, then the AIM quotation will be cancelled on 26 April. Jetion already has the support of shareholders owning more than 75% of the company. Jetion has already said that its 2010 figures will substantially exceed expectations but the profit will still be slightly lower than in 2009 with a substantial decline in margins. The full figures have not been released. Selling prices are under pressure as European countries reduce and review subsidy levels. Jetion expects trading conditions to deteriorate significantly. Margins and profit are expected to fall this year. The current share price is well below the 151p a share flotation price. The share price fall makes it difficult to raise additional cash to grow the business. Management is considering ways of raising finance. Jetion recently switched broker and nominated adviser from Evolution to Northland.

Galliford Try appointed on £0.8bn bridge contract By Benjamin Chiou Date: Tuesday 22 Mar 2011 LONDON (ShareCast) - The Scottish infrastructure business of Galliford Try has been selected as the preferred bidder, as part of a joint venture, to design and construct a bridge over the River Forth, for a contract worth £790m. Galliford Try’s unit, Morrison Construction, will, along with its joint venture partners, be responsible for the design and construction of a cable-stayed road bridge called the Forth Replacement Crossing, situated between West Lothian and Edinburgh. “Galliford Try has a strong presence in Scotland through Morrison Construction and today's announcement gives us an opportunity to further demonstrate our technical expertise and strengthen our existing relationship with Transport Scotland,” said chief executive Greg Fitzgerald.

EZCORP forms alliance with Cash Converters Date: Tuesday 22 Mar 2011 LONDON (ShareCast) - Second hand goods retailer Cash Converters International has signed a global strategic alliance with pawnbroker and loans provider EZCORP thatwill help it enter new markets. The two companies will be able to sell each others products through their outlets and eliminate duplicated costs. The investment in product development and software will be shared. Cash Converters will continue to operate the Australian and UK businesses. Two joint ventures will be set up. One will cover North and South America and Cash Converters will own 20%. The other will cover the remaining countries in the world and will be owned 50/50 by the two companies. EZCORP will provide $3m of working capital. EZCORP already owns 33% of Cash Converters and it is offering to buy a further 20% at A$0.91 a share – a 10% premium to yesterday’s closing price. That will take the stake to 53% at the cost of A$70m. EZCORP acquired its initial stake in the company 16 months ago. Last May, EZCORP invested A$9.72m at A$0.60 a share. EZCORP also owns 29.95% of AIM-quoted pawnbroker Albemarle & Bond (A&B). Sterling Brinkley Jr, Thomas Roberts and Joseph Rotunda all represent EZCORP on the A&B board. Cash Converters units consist of a share and a dividend access share but there are plans to acquire the dividend access share for a nominal amount.

Restore profits from cost savings Date: Tuesday 22 Mar 2011 LONDON (ShareCast) - AIM-quoted document storage services provider Restore returned to profit in 2010. Restore, previously known as Mavinwood, reported a small increase in revenues from continuing operations from £27m to £27.7m. There was a dip in revenue from the small document scanning business, which slumped into loss. Elsewhere, revenues edged ahead. An underlying group pre-tax loss of around £100,000 in 2009 was turned into a £2.7m profit in 2010. Most of the growth in revenues from the document storage business came from two recent acquisitions but the sharp jump in operating profit from £2.8m to £3.9m was mainly down to cost savings from the integration of past acquisitions. Datacare, acquired in September, contributed around £500,000 to revenues and £180,000 to operating profit. Formsafe was acquired too late in the year to make a significant contribution. Cost savings should help Datacare to contribute operating profit of more than £500,000 this year and Formsafe, which cost £720,000, to make more than £300,000 operating profit. Those two acquisitions underpin nearly half of Restore’s profit improvement expected by house broker Cenkos in 2011. The scanning business has started 2011 more strongly and should return to profit this year. Building maintenance business Peter Cox has started a solar installation business and this should help it to build on its revenue and profit. Geraldton, which is owned by Lord Ashcroft, holds 58% of Restore but further acquisitions should dilute this. Geraldton also has a £2.4m loan due for repayment, including interest, in 2012. Cenkos forecasts a profit of £4.1m for 2010.

Try this one - its easier to read! http://www.investegate.co.uk/Article.aspx?id=20110322120000PAB9B

OUTLOOK For 2011, our continued focus is to increase reserves, production and maximize cash flow from operations. To achieve this, the Company will implement the following: - Drill 66 horizontal and vertical wells and complete 120 well reactivations and work-overs at the Patos-Marinza oilfield. A fourth drilling rig is expected in the second quarter. - Increase production facilities to handle our target exit production rate of 20,000 bopd. - 2011 will be a milestone year for thermal development of the Patos- Marinza oilfield. Bankers will drill a vertical delineation well and two horizontal wells designed for high pressure and temperature steam injection, install a 25,000 BTU steam generator and all associated production facilities. - Complete Phase 1 (10 kilometres) of the 40 kilometre pipeline to Vlore and construction of the receiving hub in Fier. - Continue with the environmental stewardship and social initiatives in our area of operations. - Bankers is building a larger team of senior professionals to complement its existing team of engineers, geoscientists, production and support staff to manage another record capital program in 2011, currently budgeted at $215 million.

Record Year of Financial and Operating Results CALGARY, March 22 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (AIM: BNK) is pleased to provide its 2010 Financial Results and Outlook for 2011. In 2010, Bankers was successful in progressing its strategic objectives and achieved record production, reserves, earnings and cash flow through its largest annual capital investment in Albania, of US$122 million. Results at a Glance (US$000, except as noted) Change 2010 2009 ------------------------------------------------------------------------- Oil revenue 97% 170,376 86,614 Net operating income 158% 81,103 31,496 Net income (loss) 96 x 14,265 (150) Funds generated from operations 188% 73,166 25,422 Capital expenditures 218% 122,012 38,324 December 31 ------------------- Change 2010 2009 ------------------------------------------------------------------------- Cash and deposits 58% 108,119 68,270 Working capital 74% 130,920 75,414 Total assets 53% 467,414 304,820 Bank loans (8%) 25,829 28,085 Shareholders' equity 60% 343,307 213,960 Average production (bopd) 49% 9,597 6,438 Average price ($/barrel) 32% 48.64 36.86 Netback ($/barrel) 73% 23.15 13.40 - Average production increased 49% to 9,597 bopd from 6,438 bopd in 2009. Exit production at year-end 2010 exceeded 12,100 bopd as compared to 8,100 bopd at year-end 2009. - A second and third drilling rig commenced operation in the Patos- Marinza oilfield in January and July 2010, respectively. A total of 55 wells were drilled and completed in 2010, of which 50 were horizontal oil wells. - Reserves in Albania increased at all levels: a 30% increase in the Original-Oil-In-Place (OOIP) assessment to 7.8 billion barrels from 6.0 billion barrels, an increase of 30% to 120 million barrels of proved reserves and, an 11% increase to 238 million barrels of proved plus probable reserves. Additionally, the Company's independent reservoir engineers assigned contingent and prospective resource oil estimates of 1.2 billion and 540 million barrels, respectively. The corresponding net present value (NPV) after tax (discounted at 10%) of the proved plus probable reserves increased by 30% to $2.0 billion from $1.5 billion. - In April 2010, the production sharing contract for the Block "F" exploration acreage application was finalized. The area contains several seismically defined structural and amplitude anomalies prospective for oil and natural gas. - On July 15, 2010, the Company completed a prospectus offering with a syndicate of underwriters and issued an aggregate of 12,903,228 common shares at a price of CAD$7.75 per common share on a bought deal basis, resulting in gross proceeds of $96.2 million. - The Company continues to maintain a strong balance sheet with cash of $108.1 million and working capital of $130.9 million at December 31, 2010 as compared to cash of $68.3 million and working capital of $75.4 million at December 31, 2009.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4124337

Strategy and Outlook We remain focused on building production capacity through the Raub plant expansion and I look forward to announcing the commencement of commissioning at Raub. On the exploration front we are targeting a resource update for both the Raub and Tersang deposits in line with our objective of becoming a significant Malaysian gold mining house. We have continued to develop our in house team with the addition of experienced local and expatriate geologists to support the next phase of exploration investment at both the Raub and Northern Licence areas.

Overview · Peninsular Gold announces a half year pre-tax profit to 31 December, 2010 of £121,065 (£229,254); · Gold production for the six months to 31 December 2010 was 8,734 ounces (2009: 8,060); · Peninsular Gold remains unhedged; · Upgrade of plant processing facility to handle 2mtpa of ore underway - production levels to increase in the course of 2011.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4124302

Cobham is best known for its heavy aviation engineering. The tankers that refuel RAF aircraft flying to Libya, for example, use the company’s pipes and drogues. A few weeks ago it received a huge boost when American authorities, after lengthy deliberations, finally went for Boeing’s KC-46A tanker, which Cobham supplies. The initial tranche of 179 craft could be worth $1bn (GBP613m) to the company. Yesterday Cobham announced a further useful order from Boeing to make bomb racks for F15E jets. The shares are trading on less than 11 times this year’s earnings. There seems little sign that demand for Cobham’s product will lessen; a strong long-term “hold” says the Times.