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If the city didn't think they could be the next MCHL I think they would have closed above 130, then again if the city didn't think they weren't the next MCHL I don't think they would have dropped 46% to 118.

Looking at these today and wondering about MCHL If the city didn't think so I think they would have closed above 130, then again if the city didn't think so I don't think they would have dropped to 118. Kept watching this today but not much sign of a bounce which was odd for a share 46% down at one point

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=20321880

Called other places as profit warning http://uk.advfn.com/news/UKREG/2012/article/53957576 Enough to put Carlyle of? Down 13.4% today , LP 320. Not helped by market today. Poss re-try of 275? Not invested here yet - didn't buy the other day.

http://www.ft.com/cms/s/0/95f0b4a0-e885-11e1-8ffc-00144feab49a.html#axzz244UE8iea mmm.. saw this which may explain dip One banker familiar with the deal said “Chemring is the right size for an approach by a private equity group like Carlyle” but the Takeover Code’s requirements have made such transactions “prohibitively complicated”.

http://www.bloomberg.com/news/2012-07-25/drax-plunges-after-u-k-cuts-biomass-power-support.html Drax Group Plc (DRX), owner of the U.K.’s largest coal-fired power station, fell by a record in London after the government offered less financial support than expected for a switch to burning low-carbon fuel. Drax dropped as much as 128.5 pence, or 25 percent, to 390 pence today, the biggest decline since the company started trading in 2005. The shares were at 400 pence at 8:39 a.m. London time. The U.K. government today published proposals for so-called renewable obligation certificates, or ROCs, a system to reward generators for switching to low-carbon power. Biomass generation, burning wood and other plant matter, will get fewer certificates than initially proposed. Drax plans to convert its plants to burn a proportion of biomass fuel. “The proposed level of ROCs for biomass raise uncertainty as to whether Drax would proceed with its investment plans to partly covert the power plant to burn more biomass,” Goldman Sachs Group Inc. analysts said in a note today.

"The Rights Issue Price of 142 pence per New Melrose Share, which is payable in full on acceptance by not later than 11.00 a.m on 31 July 2012, represents a 61.5 per cent. discount to the Closing Price of 369 pence per Existing Melrose Share on 28 June 2012 (being the last trading day prior to the publication of this document) and a 34.7 per cent. discount to the theoretical ex-rights price of 218 pence per New Melrose Share calculated by reference to the Closing Price on the same day. If a Qualifying Shareholder does not take up any of his entitlement to New Melrose Shares, his proportionate shareholding will be diluted by 66.7 per cent. However, if a Qualifying Shareholder takes up his Rights in full, he will, after the Rights Issue has been completed and excluding any fraction of an Ordinary Share, as nearly as practicable have the same proportionate voting rights and entitlements to dividends as he had on the Record Date."

Must be a rights issue! Telegraph June Ever since the company brought forward the maturity date of its share incentive plan for management from May 31 to March 22, the market has been braced for news of the turnaround group’s next acquisition. Melrose confirmed yesterday that it is talks to buy German company Elster Group, which makes utility meters. The talks over a $2bn (£1.3bn) deal were first revealed by The Sunday Telegraph. Not surprisingly, shares in Melrose fell after the statement because the company said a deal would be financed through a rights issue that analysts believe could total £1.2bn. However, given the scale of the issue, it is a credit to Melrose that the shares did not fall further.

No scrub the last post post Melrose and Melrose resources are different

Yesterday's warning from Centamin about reports of a rift with the Egyptian Government, later denied, only highlights the perils of investing in a country where the political situation is so fluid. Melrose Resources´ main producing asset is a field in the Nile Delta. Traditionally the company has carried high debts and the gas and oil from this is being used to pay these down. The shares have been largely friendless, falling from almost £3 in May last year to 124p last night, a level at which they could almost be regarded as cheap. The founder Robert Adair holds 52%. That political risk in Egypt, though, and the lack of much more than hope value elsewhere does not suggest a purchase save by the very brave, Tempus says.

Old news - result of a rights issue

LP 3.5 -39.7%

40% down atm

Come true http://www.thisismoney.co.uk/money/markets/article-2074726/MARKET-REPORT-Pursuit-Dynamics-poor-house.html

Major shareholder has had enough From last year: Major shareholders of Pursuit Dynamics, including well-respected John Morley who sits on 14 per cent of the pump technology group’s equity, must have been spitting blood yesterday while long-term bears rejoiced after the ‘jam tomorrow’ fell out of bed in a big way.

I saw an article saying he is an ex-director - can anyone confirm?

Big sell of 2 million

18.6% droip

9.5 million down to 7.5 million There but for the grace of god..........

in auction http://uk.advfn.com/news/UKREG/2012/article/52513791