Member Info for mulledwine

An explanation if required. http://www.stockexchangesecrets.com/london-stock-exchange-SETS.html

Move of shares onto SETS Medusa is pleased to announce that its ordinary shares of nil par value with ISIN AU000000MML0 will be traded from today on SETS (Stock Exchange Trading System), the London Stock Exchange's flagship electronic order book.

http://www.investegate.co.uk/Article.aspx?id=201103160700149571C

Commenting, Ralph Findlay, Chief Executive said: "The performance of the Group in the year to date has been encouraging. Our consistent focus on offering our consumers value for money in high quality pubs, together with sector-leading shares in growth segments of the beer market, places us in a strong position for the future."

New-Build Development Programme We are on target to open 20 new pubs in the year to 30 September 2011. We have completed five new pub-restaurants to date with a further three due to complete in the next 8 weeks. The remaining 12 pubs are on target to open by the end of the financial year. The performance of our new pub openings continues to be ahead of our original targets, reinforcing the merit of the new-build strategy.

Trading The Group has delivered an encouraging and robust performance despite the continued economic uncertainty. Profitability is in line with our expectations and we continue to make good progress in each of our trading divisions. In Marston's Inns and Taverns, our managed pubs division, like-for-like sales for the 23 week period were 2.4% ahead of last year, including like-for-like food sales growth of 4.7% and like-for-like wet sales growth of 1.5%. Like-for-like sales in the past seven weeks were 3.0% ahead of last year. Operating margin is slightly ahead of last year. In Marston's Pub Company, our tenanted and leased pubs division, underlying profit trends have continued to improve. Like-for-like profits are estimated to be 0.1% ahead of last year, which compares favourably to the 4% decline in financial year 2010. This improvement is attributable primarily to the continuing successful rollout of the franchise-style Retail Agreement, which will be operating in around 190 pubs by the half-year. In addition, the profit performance of the pubs which will remain on traditional agreements for the long-term is ahead of last year. In Marston's Beer Company, our own-brewed beer volumes are up 4% versus last year, comparing favourably to a UK ale market down by around 7%. Our focus on localness and premium ale continues to drive growth, with premium cask ale up 5% and bottled ale up 16% in the period. Net debt and cash flow are in line with our expectations.

http://www.investegate.co.uk/Article.aspx?id=201103160700170135D

Figures could certainly be much better !

Q4 HIGHLIGHTS AND SIGNIFICANT ITEMS · Record quarterly copper production of 66,232 tonnes at Kansanshi as a result of ongoing circuit optimizations · Investment in Equinox Minerals Limited ("Equinox") shares sold for net proceeds of $646.5 million resulting in a gain of $510.8 million · Advanced the development of Ravensthorpe and Kevitsa and exploration at Trident · 23% decrease in total copper production resulting from the forced suspension of operations at Frontier and lower ore grades at Guelb Moghrein · 23% decrease in total gold production resulting from lower gold grades at Guelb Moghrein and Kansanshi · Acquisition of Antares Minerals Inc. ("Antares") for $609.0 million. Antares' principal asset is the 100% owned Haquira project in Peru, one of the world's major undeveloped copper deposits · Continued strong cash and working capital position notwithstanding significant cash investments in Ravensthorpe, Kevitsa and Trident

http://www.investegate.co.uk/Article.aspx?id=201103160700120209D

"In 2010 we grew sales and achieved record profits despite the tough trading conditions across the UK. I am delighted that we've made Greggs accessible to many more customers through our new shop opening programme, bringing them the great value, freshness and quality that our existing customers already enjoy. "Whilst 2011 will see further pressures on consumer spending and rising global commodity prices our strong value positioning, excellent products, outstanding staff and clear strategy for growth mean that we are well positioned to deal with this challenging environment. "In addition to opening around 80 net new shops in the year ahead we are planning for marginally positive like-for-like sales growth. Performance in the year to date is in line with our expectations with total sales increasing by 3.8 per cent including like-for-like sales of 0.4 per cent." - Kennedy McMeikan, Chief Executive

Greggs is the leading bakery retailer in the UK, with over 1,480 retail outlets throughout the country, serving freshly baked products to six million customers each week ANOTHER YEAR OF GOOD PROGRESS · Record pre-tax profit: up 7.9% to £52.5m (2009: £48.8m) · Sales up 2.1%* to £662m: like-for-like sales up 0.2% · Record numbers of new shop openings and refits: net addition of 68 new shops · Diluted earnings per share up 9.7% to 37.3p (2009: 34.0p) · Dividend per share up 9.6% to 18.2p: 26th consecutive year of dividend growth

http://www.investegate.co.uk/Article.aspx?id=201103160700220196D

Stephen Davidson, Executive Chairman, said: "These are good results, showing the impact of 2009's successful restructuring and the continued effect of our strategy to transform Mecom into a modern multi-media group. "We have made substantial progress against the key operational and financial targets we have set ourselves. The development of our new media business is on track. Adjusted EBITDA is up 28 per cent, with the margin up 2.6 percentage points to 11.0 per cent and adjusted earnings per share up from 6.5 euro cents to 44.0 euro cents. With operating cash flow almost doubled, we have further reduced net debt by €63 million to €311 million and achieved our 2.0 times gearing target. "All this creates a platform which we believe is capable of generating substantial shareholder value and we expect to deliver further progress this year with continued improvement in EBITDA and earnings per share, and continued net debt reduction. Our confidence in Mecom and its prospects is reflected by our intention to commence making dividend payments, with an inaugural interim dividend payment in autumn this year."

HIGHLIGHTS1 · Adjusted EBITDA up 28 per cent to €155.5 million: margin up 2.6 percentage points to 11.0 per cent · Net debt down €62.7 million to €310.7 million. Net debt : EBITDA ratio of 2.0 times at 31 December 2010 (2009: 3.1 times) · Advertising revenues down 4 per cent to €656.3 million · Circulation revenues resilient, up 1 per cent to €564.1 million · Underlying digital revenue growth of 23 per cent · Total costs reduced by a further 5 per cent, or €62.0 million · Adjusted earnings per share of 44.0 euro cents, up from 6.5 euro cents in 2009 · Inaugural dividend payment expected in autumn 2011

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4111543

"Despite the delays with our hoisting capacity project resulting in our annual guidance being reduced to 80,000 to 85,000 ounces, the long term plan of reaching a profitable production rate of 180,000 to 200,000 ounces remains the Company's higher priority and is on track to be completed by November 2011. Fiscal 2012 production guidance is forecast to be 120,000 to 140,000 ounces of gold," concluded Mr. Dobson.

OUTLOOK The production forecast for fiscal 2011 has been reduced to 80,000 to 85,000 ounces of gold because of the issues outlined above. Higher grades are expected in the fourth quarter and attaining those higher grades is essential to meeting this forecast. The Company's expansion activities will continue to take priority, and the available resources will be managed accordingly. The tonnage of ore to be hoisted and mined will be managed to meet these targets, provided higher priority activities are not hindered. The Company will continue to prioritize the work and investment required to meet our goals of attaining five million ounces in total gold reserves and resources and of reaching a profitable production rate of 180,000 to 200,000 ounces of gold per year by November 2011. The expected completion date of the current expansion project remains November 2011, and that is the first month in the current plan in which production is expected to exceed the 1,200 ton per day threshold. The Company is currently reviewing its plans as part of the 2012 fiscal year budgeting exercise, but that target date still appears feasible with some re-arrangement of activities and schedules. Production is planned to be in the range between 1,200 to 1,400 tons of ore per day after November 2011. Planning and engineering studies related to a potential further production expansion will continue with no decision expected until the latter part of fiscal year 2012. There are some risks to the expansion project timeline that the Company will attempt to manage, but which are not totally within its control. These include risks related to: 1) late delivery of equipment from suppliers; 2) delays in commissioning equipment due to problems experienced by suppliers or outside installers; and 3) recruiting and retaining skilled labour as activity in the mining industry continues to pick up and competition for skilled, experienced, and qualified workers and staff increases. These issues may or may not act to extend the expansion project timeline, but they will not affect the ultimate completion of the project. The near term impact of these problems to date has been to reduce production while slowing overall spending and lowering operating costs.

Mr. Harry Dobson, Chairman, commented, "The third quarter has not been without its challenges with slightly lower than anticipated grades and difficult choices being made affecting short term production to ensure we remain on track to achieve the target rate of production by November 2011. After meeting all operating costs, spending $16.0 million on capital expenditures and $2.7 million on exploration, total cash resources (including short-term investments) as at January 31, 2011 were $47.4 million."

KEY HIGHLIGHTS: è 20,231 ounces of gold were produced in the quarter - 58,394 ounces year to date; a record year to date production figure for the Company. è Net income for the quarter was $4.2 million or $0.06 per share, and this was reduced by $1.0 million due to higher exploration spending. è Cash flow generated from operating activities during the quarter was $6.2 million. è The year to date head grade of 0.397 ounces per ton is higher than the budgeted grade of 0.382 ounces per ton, and very close to the long term average head grade target of 0.4 ounces per ton. è Operating costs in Q3 2011 decreased to $258 per ton ($743 per ounce) from $365 per ton ($809 per ounce) in Q2 2011; total cash costs also decreased to $275 per ton ($794 per ounce) from $390 per ton ($866 per ounce) in Q2 2011. è Year to date operating costs of $44.3 million are lower than budgeted ($50.2 million). è The number of ore mining faces available for production was maintained at 28 while the number of ore mining faces in the development and planning stages increased from 23 to 26. è A record mill throughput of 635 tons of ore per day was achieved. è The total workforce increased by 48 to 648 employees.