Member Info for Walkley

Takeover of May Gurney must have some good benefits for Costain. Looking at market cap of two companies May Gurney should have had 39% of combined group -instead is to be 47%. Look forward to seeing Costain's reasoning.

Link to oilbarrel http://tinyurl.com/bokf9sc

From Oilbarrell (20th March) commenting an VSA report on Alkane: "The board is evaluating the options open to the group in relation to potential shale gas licences within its portfolio. VSA Capital reckons the company’s sites in the North West, the East Midlands and Yorkshire could contain 1-2 tcf of gas within shale. VSA has not included this estimate its new valuation following Alkane’s preliminary results. It says. “We have revised our valuation and now use a DCF model to assess the potential returns of the company’s growth strategy. Assuming the addition of 6 MW pa and an improving price environment from 2014 onwards, we value Alkane at £49.2 million using a 10 per cent discount rate, for a fully diluted target of 42p.”

Shame we are still eligible for the small cap awards (mkt cap below £50m), but good news maybe will become a bit better known

Edging up - no real volume though. Last deal 31.45p

Unconventional onshore gas is what Alkane does.

From the Budget Red book: 2.129 Shale gas – The Government will introduce a new field allowance for shale gas and extend the Ring Fence Expenditure Supplement for shale gas projects from 6 to 10 years. The Government will consult on the detail of these measures, including whether they should be extended to other forms of unconventional onshore gas. (Finance Bill 2014) 2.130 The Government will produce technical planning guidance on shale gas by July 2013 to provide clarity around planning for shale gas during the important exploration phase for the industry. As the shale gas industry develops, the Government will ensure an effective planning system is in place and by the end of the year will produce guidance for the industry to ensure that the planning system is properly aligned with the licensing regime and regulatory regimes, principally: health and safety, and environmental protection. The Government will keep under review whether the largest shale gas projects should have the option to apply to the major infrastructure regime. 2.131 The Government will develop proposals by summer 2013 to ensure that local communities will benefit from shale gas projects in their area.

and it was in - look forward to seeing details.

Incentive for shale gas extraction expected in the budget. Should help Alkane use or sell their licences. Lets hope their sleepy PR firm is awake!!

The start of a chain of easy hotels? Should be positive news.

I would like to thank our shareholders for their continuing interest in Sterling and all our staff for their hard work during 2012. Alastair Beardsall

Don't tell me the penny has begun to drop! Any ideas where this should be, other than higher than it is now!!

More from the results: " The revenue of the acquired company [Greenpark] during the period from the date of acquisition [26 April 2012] to 31 December 2012 was £2,321,000, and the profit before tax was £918,000." Annualised I make that £3.4m revenue and £1.3m pretax profit. May even be better in 2013 as Alkane sort it out and recommission an old site. Cost was £4.911m - so not a bad return on the investment.

Output this year was 167GWh - but in second half was 102GWh - so with two sites are under construction (one reopening of a Greenpark site) production this year should be well over 200GWh. Say another 25-30% increase (base prices unchanged, but with higher stand by income) plus the £5.7m DOB revenues Total revenue in 2013 should be around £20m from what we have now, excluding income from natural gas well being drilled and any additional developments.

From announcement: "Base load electricity prices for the next twelve months are currently around £53/MWh." "Market prices for stand by generation are in a range from £5.60 to £8.00 per MW per hour, with utilisation rates in a range from £139/MWh to £190/MWh." So get £5.60+/hr just for being there and £139+/hr for each MW if actually required.

Excellent results and a DIVIDEND!!! Some points: DBO revenue in 2013 will be £5.7m (2012 -£4.1m) from existing contracts Negotiated £325k reduction in cost of Greenpark. "We have 81% of our expected 2013 output contracted at an average price of £53/MWh." (2012 -£53/MWh) "We are now expecting the returns to be ahead of those set when we acquired the business" [Greenpark].

29.93p One more heave for 30p!!

Apologies the previous header was automatically taken from the last time I wrote about IDOX

Drops nearly 10% on AGM statement with comments: "In Public Sector software there has been a steady continuing progression of new business from software vendor consolidations by local authorities, further increasing our market share. This is expected to result in further growth in the first half and an increased order book of contracted services to be delivered in the second half." "In Engineering Information Management software, there has been a quieter start in license sales compared to last year, as there are no global contracts currently planned to be signed in the first half. However, the business outlook has improved with a stronger pipeline through the continued investment in our sales team's global reach. Current customer intentions indicate a greater weighting of new license and services business in the second half, compared to 2012." All sounds reasonably positive to me but market a bit disappointed by final bit: "As is usual, and in a further year of global economic uncertainty, the board considers it too early to provide full year guidance." Perhaps a buying opportunity!

A brighter day - 3 times the usual level of trades too. But don't get too excited only 600k shares (less than £200k)