Member Info for Walkley

Am trying to get to grips with transforming nature of the Greenpark acquisition. They appear to have thrown every thing (kitchen sink accounting) into into the pot so as not to show a gain which should benefit us in the future Some highlights for me include £5.8m contract with Shell to sort out Nooks farm. Presumably this will show a profit. And the £4m biogas contacts - which should transform that division. Output at rate shown for September would give total output for second half at near as damn it 100 GWh (LY 2nd half 70 GWh) allowing for average price in second half of about £49/MWh (LY same period by my estimate £57/MWh) so T/O of £4.9m (LY £4m). Some clearer guidance as to the full year likely outcome - presumably capex will slow and cash from operations will be well up, which should show a very positive picture at the year end. Would have been nice not have had to wait another 6 months!! No trades so far this morning.

Wooly region? - Derbyshire? Yes should have said "when" not "if"!! But do not understand why we are the only ones who realise what we have here!

Wine Society delivered some claret from reserves today (2005 Pauillac and some Crus Bourgeois from Haut-Medoc) -There is a glass or two tomorrow for you Wooly, if you are in range of LE17 4DB if price goes up by more than 2p!!

Yes sorry, meant that the results would surely be the second bit of good news. I would be very disappointed if results don't show impressive one off gain from Greenpark with underlying profits also well up. Really do hope they mention the D word! Worries me that the SP hasn't moved before the results.

Surprise announcement today, but hopefully more good news on 12th will get some momentum going. If you read what Woolyback has said on here the results should be spectacular - the information is all there with good results from the takeover nailed on but not reflected in the share price. "Alkane Energy plc (AIM: ALK), the independent gas to power producer, has been appointed as sub-contractor to supply the gas to power capabilities for a new biogas project at the Dagenham Waste Facility. The capital contract is worth c. £1.6m, with an additional 15 year maintenance contract. The site is planned to become operational by the end of 2013. This contract brings Alkane's total capital order intake in biogas to over £4m so far this year. The Dagenham site is our fourth biogas project, with our expertise being utilised to provide the combined heat and power plant, the integration of site heat and electrical systems, and a full gas to power solution. Alkane will be announcing its interim financial results on 12 September 2012.

Chart is looking encouraging before the results (last year 7th September).(I am not a chartist - just mean it is going up!) Should show massive "profit" as Greenpark taken on to books at fair value. Alkane bought £9m of generating kit for £5.75m and company must have had a few other assets. Lets hope a stronger balance sheet will encourage the board to think about a dividend!

At the UK trade and Industry presentation during the olympics. Explains what it is all about. https://www.dropbox.com/s/pa7h3u6zxsvepny/Intercede.mp4

At last, looks like some serious buying.

Good results - liked by the market: Highlights · Underlying EBITDA margin improved by 1.8 points to 11.7%, reflecting continued downward pressure on costs, higher selling prices and careful selection of work · Improving margins and good new business win-rate in England, backed by strong performances from recent acquisitions: former C&G Concrete and Nottingham Readymix · Reducing dependence on public sector in Scotland, with significant new business successes in growing renewable energy sector · Net cash inflow of £1.3 million and successful £15 million share placing: net debt reduced to £81.8 million (31 December 2011: £96.2 million) · First acquisition in Scotland completed in July: sand & gravel quarry near Elgin · Encouraging prospects in Group's English regions, backed by commercial and industrial investment and recovery in house building · Medium-term prospects in Scotland extremely good, supported by evidence of increased spending by Scottish Water and committed spending on major road projects · Group expects to maintain and hopefully build on progress made in first half

"HiWave Technologies (LSE:HIW), the provider of electronic devices that deliver innovative sound and touch technologies to user interfaces on electronic display systems, announces the launch of a haptics (touch feedback) platform for control panels and touch displays in aerospace applications. The integrated hardware/software platform enables systems designers to replace conventional mechanical buttons with touch switches and brings haptic feedback to panels and displays so that users perceive the positive experience of mechanical movement, even though none is present."

Thanks for that Wooly. Further to that the value of Green park generating assets was £9m whereas Harworth were only £5.2m. Based on Greenpark's 2011 figs (below), if Greenpark had been valued as Harworth it would be worth £12.5m (on turnover) and £16m (on EBITDA basis). Alkane paid £5.725m. (Greenpark management estimates of unaudited revenue and EBITDA related to the CMM and power response business being acquired of c. £3.4 million and c. £1.9 million, respectively, for the year ended 31 December 2011.)

Martin Brooks, Chairman, said: "The first half of 2012 saw the Group report significant growth in both revenue and profitability. As well as the Group recording strong organic growth, our recent acquisitions have quickly and effectively been integrated, allowing us to expand our operations across an international market place. This new international focus allows revenue to be spread across a number of sectors and geographies, reducing our reliance on the UK public sector. "We continue to win major new clients across the Group, including the Greater London Authority in our Public Sector division and internationally within our enlarged Engineering Information Management division including Southern, Occidental and CH2M Hill. These new customers demonstrate our increasing ability to win and deliver major contracts to large governmental organisations and multi-national corporations"

Highlights · Revenue up 58% to £28.6 m (H1 2011: £18.1m) · Organic revenue growth of 10% · International revenues 31% of total (H1 2011: 9%) · Adjusted* pre-tax profits up 54% to £7.3m (H1 2011: £4.7m), reported pre-tax profit up 76% to £3.5m (H1 2011: £2.0m) · Adjusted* EPS up 56% at 1.58p (H1 2011: 1.01p); basic EPS 0.69p (H1 2011: 0.41p) · Interim dividend up 15% to 0.275p per share (2011: 0.24p) · Completed three earnings-enhancing acquisitions in the first half of 2012 with a further one completed after the period end in May 2012 · Net Debt £12.1m after funding three acquisitions totalling £15.0m, and increased dividend (H1 2011: net cash £4.1m) · Revenue blend between Public and Private operations moving towards parity * Adjusted pre-tax profits & EPS - derived by adding back exceptional restructuring and corporate finance costs, amortisation and share option costs.

I know oil prices are dropping but Alkane have wisely forward covered this years production: "Average electricity pricing across 2012 is expected to be circa £53/MWh (2011: £51/MWh). Following on from the Greenpark acquisition we have 80% of the Group's 2012 output already contracted and 18% of 2013 output has been contracted at £52/MWh."

They could change their name - Stanelco anyone? We gave up and sold out, at a huge loss some time ago. Have been watching but luckily wasn't tempted to reenter.

Change to Non-Executive Director "Lonrho Plc announces the resignation of Sir Richard Needham as a Non-Executive Director. Sir Richard has been a Director of the Company since April 2011. Lonrho is in the process of selecting an appropriate replacement Non-Executive Director with suitable experience. Sir Richard's resignation is effective from 28th May 2012." No thanks for valuable contribution.....

Market seems to like these figures. Last deal 38.65p. Our two largest holdings IDOX and Alkane (ALK) both up strongly on their trading statements.

From trading statement turnover for 1st half was £28.6m, if margins unchanged would give £8m EBITDA. Since then Opt to Vote and Innovation Connect (formerly Currency connect) bought and major McLaren contract wins announced.

IDOX plc (AIM: IDOX, 'IDOX' or the 'Group'), a leading supplier of software and services, announces a trading update for the six months to 30 April 2012. Both revenue and normalised profits are substantially ahead of the first half of 2011. Excluding acquisitions, Group revenues from operations in the public sector and the Engineering Information Management businesses delivered 10% organic growth. Including acquisitions, consolidated revenues increased by 58% over the comparable period last year. The UK public sector business has expanded its prospect pipeline in managed and hosted services and continues to see organic revenue growth through new customer wins. Revenue growth in the Engineering Information Management business has benefited from several landmark contracts across a range of sectors - with US electricity generator Southern Company in the utility sector, Occidental in Oil and Gas, and CH2M Hill in construction and engineering. The integration of CTSpace, acquired in November 2011, is now complete with the full benefit of all changes to be realised by October 2012. Opt2vote, acquired in March, will be fully integrated by the end of July, having successfully completed the first Scottish electronic local government elections in May. Currency Connect, the grants advisory business acquired post period-end in May, has already changed its name to Innovation Connect and merged with IDOX's existing operations in Holland. IDOX has embarked on a recruitment programme to hire new graduates across the Group in order to add additional resourcing to the company's drive for product innovation. The Group expects to announce its interim results on 26 June 2012.

Trading Following the Greenpark acquisition we have re-appraised our own project roll out and engine maintenance programme in pursuit of greater operational efficiencies. We have completed the refurbishment of our Shirebrook site and have commenced our Greenpark integration plan by moving certain CMM engines to optimise their use with additional focus being placed on the power response activities. Output from the original Alkane sites for the first four months to 30 April 2012 reached 40GWh. As the Greenpark acquisition was completed only on 26 April 2012 it has been excluded from the above figures. The reduction from 48GWh in the same period last yearresults from the early initiatives to prepare for the integration of the Greenpark assets with the installation of new plant and a planned number of engine moves. It is accordingly is in line with expectations. Our power response business, providing short term operating reserve and peak load capacity to the grid, has been significantly boosted by the acquisition of Greenpark and we now have 22MW of contracted capacity. This part of our business has recently moved into the National Grid's spring contract period and we are seeing encouraging demand with call levels currently ahead of budget. Alkane continues to invest in its organic CMM roll out programme and this week we are due to open a new 3MW facility at Gedling, Nottinghamshire. Our other planned new site for 2012 at Pontycymmer, South Wales is in the build phase and is due to be opened in the coming months. Average electricity pricing across 2012 is expected to be circa £53/MWh (2011: £51/MWh). Following on from the Greenpark acquisition we have 80% of the Group's 2012 output already contracted and 18% of 2013 output has been contracted at £52/MWh. Prices remain relatively low due to global factors but remain in line with our expansionary business plan. Market indications are for significantly higher energy prices in the future.'