Member Info for Walkley

Hoping for a detailed and positive AGM statement tomorrow.

Steady improvement today - perhaps the value of the sort of contracts IDOX subsidiary McLaren is getting is beginning to register.

Looks like a contract that could grow. This flood (OK I exaggerate a little) of contact wins from major companies is very positive. "McLaren Software wins contract with CH2M Hill Energy & Chemical Division...in a deal worth $405,000 in the first year. CH2M Hill is a global leader in consulting, design, design-build, operations and program management with headquarters in Englewood, Colorado. The firm has 30,000 employees in regional offices worldwide with gross revenues of US$6.3 billion in 2010. McLaren's Enterprise suite will initially be deployed within the Energy & Chemical Division to support the vendor document management requirements of one of CH2M's clients. "

In my opinion revenues are likely to be at least £60 this year - just add up the acquisitions, let alone McLaren going gangbusters. McLaren' s revenue 2011 was £4.9m add $2m from OXY and $1.5 from Southern

Well spotted, Lacey. This announcement didn't come up on my alerts, nor is it listed as an RNS. But is excellent news and seems to have generated some buying today. I assume more is involved than posting a few discs and a manual, but sounds as if should be able to multiply takers of this software relatively easily and profitably.

Sounds as if persuading investors to put money into some fields by the Great grey green Limpopo is not as easy as they thought! "Further to the Company's announcement on 7 March 2012 in relation to the conditional agreement with a wholly-owned subsidiary of Sylvania Platinum Limited ("Sylvania") and Sylvania itself for the acquisition of Sylvania's iron ore assets located on the Bushveld complex, South Africa (the "Acquisition") the Directors wish to advise that the parties have agreed to extend the time for completion of the Acquisition to 31 July 2012. As noted in the announcement of 7 March 2012, the Company is undertaking a placement of shares, the proceeds of which will be used to fund the development of the iron ore assets and for general working capital requirements ("Placement"). It is expectedthat the Placement will be completed shortly, subject to market conditions. Following completion of the Placement the Admission Document will be posted to Mercury shareholders, which is anticipated to take place before the end of June 2012. In accordance with the terms of the extension agreement and subject to satisfaction of all conditions, completion of the Acquisition will occur no later than 31 July 2012."

Only like positive ratings - Finncap sound confused so best to ignore them!!! May 21/ 22 (Reuters) - BTG PLC: JP Morgan raises BTG Plc price target to 460P from 415P Finncap raises BTG to hold from sell.

At last some news!!! Cambridge, UK, May 16, 2012: HiWave Technologies (LSE: HIW), which develops and sells electronic components and devices that utilise innovative sound and touch technologies, announces today that with a series of design wins into new and existing customers HiWave continues to increase its penetration into its target audio markets. Full story: http://tinyurl.com/cbo2tzm

Alkane's maximum consideration will be £5.25m for which we get £13m net assets and £1.9m earnings. There is the possible issue of about 15% of current equity - less if Henderson don't sell it because they can only add 6% to their holding. Alkanes net assets increase from £21m to about £28m. What is not to like about the deal? From the original details of the deal (2 Feb): "Financial Effects of the Acquisition The Acquisition is expected to be earnings enhancing, assuming full conversion of the Convertible Loan. For the year ended 31 December 2011, Greenpark management estimates of the unaudited results related to the CMM and power response business being acquired show revenue of approximately £3.4 million and EBITDA of approximately £1.9 million. The business is being acquired on a cash free and debt free basis with the financial benefits of the CMM business of Greenpark, post exchange and prior to Completion, being for the benefit of the Company. Unaudited, estimated net assets which are the subject of the Acquisition are approximately £13 million, but will be subject to a formal review as part of the Group's next audit."

Aviva - and goodness knows what a bus company is doing with the shares - didn't sell any. Just the issue of a few more -and it only was a few - caused them to drop below the 5% level so they had to make an announcement.

But only 1.1m new shares issued (about 1% of equity), EBITDA of Greenpark last year was £1.9m (Alkane last year EBITDA £4.6m). Looks good enough to me!

"This is what they said on 27 April, at time of Greenpark takeover: "Alkane has further extended its position of having the UK's leading portfolio of CMM licences, which includes a further seven CMM gas exploration licences from Greenpark, along with sites currently under investigation which will secure the project pipeline over the short to medium term."

Its my fault - I recommended them to someone and he took my advice!! AGM in 3 weeks (29th May) lets hope for a positive update then.

I emailed their advisor early this week but had no response. Assume that the recycling bit will be sold (given?) to major shareholder Westleigh and we will change name to Limpopo Mining or something. I suppose just a chance that whoever runs AIM is not happy about this way of getting on to the market without going through the boring rules about listing. Silence is very odd - should at least have issued a holding statement.

"A Derry-developed innovation being used in the Scottish council elections could be coming home to speed up Northern Ireland's marathon vote counts. The counts taking place across Scotland are being done electronically with the aid of technology created by north west company Opt2Vote. The results from the 32 Scottish council areas are expected within just five hours. Opt2Vote was recently bought by international software company IDOX for £3.5 million."

Yet another earning enhancing purchase from existing resources - no creating paper to dilute existing shareholders. Base in UK and Netherlands should expand to rest of EU relatively easily. IDOX going from strength to strength.

IDOX plc (AIM: IDOX, 'IDOX' or the 'Group'), a leading independent supplier of software & services, has acquired Currency Connect Holdings BV ('Currency Connect'), a significant Dutch based grants advisory business, for a maximum cash consideration of €4.7m (£3.8m). Currency Connect provides expertise and knowledge that helps clients obtain funding for innovation projects through grant-based subsidies and research & development tax credits. It monitors and informs customers of innovation subsidies, prepares grant applications and administers the end-to-end process. In addition, Currency Connect provides grants management software and advises clients on process change to enable them to accelerate their innovation and consequent eligibility for related grants. Currency Connect is based in Goor, Netherlands where it employs 34 staff. IDOX will pay an initial consideration of €4.3m (£3.5m), with a further payment of €0.4m (£0.3m) in 2013 dependent on the achievement of certain performance conditions. Currency Connect reported revenue of €2.7m (£2.2m) and operating profit of €1.1m (£0.9m) in the year ended 31 December 2011 and has €0.3m (£0.25m) of cash. The acquisition will be funded from IDOX's cash and existing debt facilities. IDOX Information Solutions is already the leading grants information provider in both the UK and the Netherlands. This acquisition will extend the current offering, particularly in the growing innovation funding space. Leveraging Currency Connect's advanced processes, software and skills will accelerate the move into providing a full grants consultancy service in the UK, the Netherlands and other European Union countries such as Germany and France, utilising IDOX's existing infrastructure. Richard Kellett-Clarke, CEO of IDOX, said: "This acquisition is an important step in our strategy to expand our current grants information service to deliver a full range of grants advisory solutions. Innovation funding by both national governments and the European Union is an increasingly key element of economic development and this acquisition will further reinforce our position in the lead up to the European Union Horizon 2020 Framework for Research and Innovation, which starts in 2014 and has a grants budget of €83bn. "Currency Connect has a strong track record in delivering successful grants solutions to its customers in the Netherlands. The combined capabilities of Currency Connect and IDOX Information Solutions position us as a key adviser in the growing innovation funding market across Europe."

This is the reason for the surge in the Breedon SP today - up 15%+ Re: Competition Commission report on proposed Tarmac/Lafarge joint venture Breedon Aggregates notes the report issued today by the Competition Commission, which states that it will require Anglo American PLC and Lafarge S.A. to sell a significant portfolio of operations, paving the way for entry by a new competitor into the UK cement market, before their proposed construction materials joint venture can proceed. "Breedon has in the past indicated its interest in any assets which may become available through this divestiture programme, in line with its stated strategy of consolidating the heavyside end of the UK building materials industry. The Company will assess any specific opportunities once further details on the proposed disposals have been made available. Further announcements will be made in due course."

22.89p last deal and a bit more volume than usual. AGM 29th May when presumably will get a few more details.

Don't understand why Alkane aren't trumpeting their achievements more. This year's glossy annual report (no doubt expensive) is on their website -but no notice to the Stock Exchange about it and no date for AGM (last year 4th May). Shareholders on Selftrade and I assume other execution only sites don't get any info from companies we invest in -you have to go and look for it!! Does Daniel Stewart know the effect of Greenpark on expected outcomes for 2012 and 2013?