The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Daisy Group plc Acquisition of MurphX Innovative Solutions Limited for £4.8m · Rapidly growing data solutions specialist · Clear strategic fit with Daisy's existing data business · Significant opportunity for cross selling unified communications · Revenue from data solutions to increase by more than 30% Daisy Group plc ("Daisy"), a leading provider of unified communications to the SME and mid-market, announces that it has acquired the entire issued share capital of MurphX Innovative Solutions Limited ("MurphX"), a provider of data connectivity and hosted solutions, for an initial cash consideration of £4.8m. Further consideration will become payable based on growth in EBITDA over a three-year period. MurphX provides a range of services to the channel including business broadband, virtual private networks, leased line and Ethernet connectivity, co-location, IP transit and application services, including SaaS. Its products are aimed at internet service providers (ISPs), telecoms resellers and IT services organisations, who resell to SME and mid-market business customers. Operating as an "enabler", MurphX provides the operational infrastructure that allows business customers to utilise convergent technologies such as voice over IP and video conferencing, significantly enhancing Daisy's existing data solutions offering. Following completion, the management team at MurphX will stay on and lead the integration of the business, with the aim of driving turnover and profit growth in the combined entity. Based in Hampshire, MurphX has enjoyed rapid growth since its establishment in 2001. The business has strong partnerships with BT, C&W, Opal and Virgin Media and has 45,000 business broadband connections. The unaudited management accounts of MurphX for the five months ending 30 April 2010 show revenues, gross profit and EBITDA of £4.8m, £1.3m and £0.5m respectively.
Everydays a school day :)
Whats that then?
l2?
Global?
me either :(
http://www.investegate.co.uk/Article.aspx?id=201006211400039295N
Can only get £30 worth on 'quote/buy' lol!
Hi. Am using Barx and it wont let me quote and deal! Only have 'at best'. What's that all about?? You using Barx to trade?
Coastal Energy Announces Results of First Three Bua Ban Development Wells Coastal Energy Company (the "Company" or "Coastal") (TSX-V: CEN, AIM: CEO), an independent exploration and production company with assets in Thailand, announces the log results of the Bua Ban A-01, A-02 and A-05 development wells in the Gulf of Thailand. The Bua Ban A-01 well was drilled to a total depth of 7,725 feet true vertical depth (TVD). The well encountered 24 feet of net pay in the Lower Oligocene reservoir with 14% average porosity. The Bua Ban A-02 well was drilled to a total depth of 7,722 feet TVD and encountered 26 feet of net pay in the Lower Oligocene reservoir with 16.5% average porosity. The Bua Ban A-05 well was drilled to a total depth of 7,492 feet TVD and encountered 170 feet of net pay in the Upper & Lower Oligocene reservoirs with average porosity of 15%. The A-05 well encountered an expanded Lower Oligocene section containing 85 feet of net pay and six distinct oil reservoirs over a gross interval of 832 feet. The previous maximum thickness of Lower Oligocene net pay was 68 feet encountered in the original Bua Ban 1 discovery well. The additional 85 feet is in new pay zones located above known field structures. The top of the reservoir in the A-05 well was encountered at a depth of 7,036 feet and the lowest known oil in the field is located at 7,880 feet, indicating a minimum vertical oil column of 844 feet. The Company is running completion activities on all three wells and expects to tie in production in the coming days. Following completion of the three wells, the Company will continue drilling up to seven more development wells at Bua Ban prior to the end of the current drilling contract in late September 2010. Testing operations have begun on Benjarong A-01 and A-02 and are expected to be complete by mid-July. Randy Bartley, Chief Executive Officer of Coastal Energy, commented: "The initial log results of the first three Bua Ban wells are very encouraging. The better than expected net pay figures in the Bua Ban A-05 well along with better than expected porosity in all three wells are both positive indications. The presence of the new Upper Oligocene zones seen in the A-05 well could potentially open up a new reservoir for development. Production testing will begin this week."
Bit slow on here. You guys getting back in GWP? Price is sliding back down. Not too sure how to read this one. Got any thoughts?
Global - Not familiar with this stock. Whats the score?
21 June 2010 - Exillon Energy plc is pleased to announce that well EWS-35 and well EWS-101 have successfully found oil on an eastern part of the East EWS I field and on a north-eastern part of the EWS II field. EWS - 35 The EWS-35 well, which was spudded on 23 April 2010, was drilled on an eastern part of the East EWS I field. The well flowed water-free oil naturally to the surface with a flow rate of 470 bbl/day on a 12 mm choke. Whilst the average net oil pay within the East EWS I field according to the Miller and Lents May 2010 reserves report is 8.2 m this new well has 14.6m of net pay within the Jurassic. The well reached target depth within the Jurassic P reservoir at 1837m. The well was drilled directionally to the north-west from the existing well pad 30 on the East EWS I field, and is now being connected to existing production facilities. The well was drilled on a turn-key contract in 43 days for a total consideration of 1.7 million.
We are pleased to report that, in April and May 2010, Aer Lingus continued to trade ahead of the same period in 2009. This performance reflects the benefits of a disciplined approach to yield management and a continuing focus on cost reduction. The enhancement of our network though our extended code-share with United Airlines and the launch of the Aer Lingus Regional franchise as well as lower fuel costs year-on-year also contributed. Aer Lingus’ load factors in this two month period have increased compared to prior year and the Group’s focus on yield maximization continues to drive improvements in unit revenue performance. This trading performance in April and May was achieved despite the closure of Northern European airspace on several occasions due to concerns relating to volcanic ash. As a consequence, Aer Lingus did not operate all of its scheduled flights on a total of 18 days in April and May 2010. We are satisfied with the forward booking profile for our long haul operations for the forthcoming months. While we currently see a modest decrease in the short haul booking profile for the summer months, compared to 2009, Aer Lingus continues to generate higher yields in its short haul operation compared to last year.
Bglobal is pleased to announce that approximately £6.5 million has been raised by way of the Placing of 17,105,263 New Ordinary Shares at 38 pence per share with institutional and other investors. Further, following the closing of the Open Offer at 11.00 a.m. on 17 June 2010 valid applications were received from Qualifying Shareholders for 680,284 Offer Shares. This amount includes applications from certain Qualifying Shareholders for 255,918 Offer Shares in excess of their pro rata entitlement. All such applications will be settled in full.
Lol! Slow day Global? Was watching INN this morn but it opened @ 34 :(. Hows your day?
Wasnt in on this but good effort guys. Anyone able to tell me where i can learn how to read Globals L2s?
Riddler was here.
not gonna make a rise in SP? Seems really positive
Here?