Wednesday's most followed: Leni Gas & Oil, EAE Technology, Telecom Plus, Booker, HomeServe, Judges Scientific, Motive Television

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Two of today?s biggest movers, () and EAE Technology () were among the most searched for companies on Finance as traders monitored market reaction to today?s statements from the companies and looked for the latest broker comments.

AEA plummeted 77 percent to 0.05 pence after it told investors that it does not expect to find any buyers for the business and all of the strategic options it is currently considering will result in little or no value for shareholders.

The climate change consultancy said that despite ?constructive discussions? with its lender Lloyds, it has been unable to find a long term solution to the existing levels of debt and the funding costs of its current retirement benefit obligations.

While AEA was the heaviest faller in London markets, Leni was among the top performers in the oil and gas sector, rising 14 percent to 0.89 pence per share after revealing the terms of a deal to sell its Spanish assets to a private buyer for ?8 million.

The deal, which will help the company focus attention on its assets in Trinidad, is due to close by July 27.

It will be a cash sale and a ?200,000 non-refundable deposit has already been made, plus any delay to the closing of the deal will incur a daily penalty of ?50,000.

Additionally, Leni today announced that it is acquiring the entire project equity in the Goudron field in Trinidad. The decision was prompted by the recent success with the work over of five wells on the property.

The competent persons report on the reserves of the Goudron field is expected to be available in August.

?LGO has several development projects and step-out exploration opportunities within Trinidad's prolific, but under explored, onshore basins,? said chief executive of Neil Ritson.

?We are very excited to be able to participate in the vibrant onshore oil development activities in Trinidad to which LGO's expertise and capital can be effectively applied.?

The report from Leni was atop the list of the most read RNS statements along with interim management statements from midcaps Telecom Plus () and Booker Group ().

Utility services group Telecom reported that organic growth has continued to be strong, giving it confidence that its full year results will be met, while the interim results should show a significant increase in earnings and revenues.

During the June quarter, the group added 10,917 new customers, taking the total to 426,406, while the number of services has increased by 53,316 to 1,434,339.

?Confidence within our distribution channel has never been higher, and we are encouraged by the improved productivity we are starting to see from new distributors following the introduction of a new coaching programme in January this year,? Telecom told investors today.

?As a result, we anticipate further strong organic growth over the coming months.?

On message boards, some investors noted that the company said that the uncertain macroeconomic environment is positive for the business with consumers trying to reduce their expenses by switching to a new supplier.

They said this should provide support for the stock as the economic backdrop is likely to remain challenging for a while.

Despite the positive report, shares in telecom fell 1.3 percent to 858.5 pence in early deals as it lost its dividend attractions.

Booker Group also upheld its full year guidance.

The upbeat trading update showed that the food wholesaler?s non-tobacco sales rose 3.9 percent during the 12 week period to June 22 with like for like sales ? which exclude the impact of new store openings ? rising 3.8 percent.

This increase more than offset a 1.7 percent drop in tobacco sales, which the group said was due to the phasing of duty mark up versus a year ago.

Fellow FTSE 250 constituent HomeServe () also found itself at the centre of attention today after confirming that it is currently not in takeover discussions.

The statement was made in response to a report in the Daily Telegraph, which said the home emergency repair group has received and rejected an approach from Cinven, KKR and Apax.

HomeServe shot up 12 percent to 187.3 pence this morning as investors liked the fact that the group rejected the approach, which reportedly valued the business at ?1 billion compared with its current market cap of ?600 million.

Shares in HomeServe have been under pressure from an ongoing investigation ofpossible mis-selling by the FSA.

At the tail-end of 2011, the company said it had suspended all its UK telesales and marketing activities following a review by accountants Deloitte.

Chief executive Richard Harpin said in May that it had been a challenging year for the UK business, but it continued to make strong progress in developing its international businesses.

Espirito Santo said that until the investigation is over, the group?s risk profile will remain high.

However, the bank upheld its 210 pence per share price target on the stock, saying its international growth opportunity, supported by its low capital intensive model and recurring income base presents an ?attractive business model?.

?Our 210p fair value is materially above the current volatile share price, but there remains a wide range of possible regulatory outcomes hence we expect the shares to continue trade below the perceived inherent value of the business,? said analyst David Brockton.

Other popular stock exchange statements included a trading update from Judges Scientific () and Motive Television?s () agreement to ?supply its Anytime Anywhere technology to South Africa?s Siyaya Free to Air.

Siyaya has recently submitted an application to South Africa's licensing authority to be allocated a pay TV frequency.?

Motive and Siyaya will enter into a formal service agreement once the six months application process has been successfully completed.

The services to be provided by Motive would include engineering work for the integration, development, and implementation of the Motive technology and possibly Motive serving as systems integrator.

Meanwhile, scientific instruments maker Judges said its performance during the June quarter was solid and its interim results are expected to show organic revenue growth of eight percent compared with the same period of 2011.

Including turnover from the recently acquired Deben business and a first time contribution from Global Digital Systems and KE Developments, revenues surged 39 percent.

Order intake during the six-month period showed organic growth of 14 percent and the order book at the end of June represented ten weeks of sales, which was ahead of the level at the start of the year.

?The board continues to be mindful that the global economic climate is fraught with uncertainty,? Judges said in the statement.

?There can be no complacency and the Board views the current trading environment with balanced measures of vigilance and confidence.?

Both reports pushed shares in the companies up with Judges climbing three percent to 706.5 pence and Motive rising six percent to 0.09 pence.

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Source: http://www.proactiveinvestors.com/columns/most-followed-companies-uk/1729/wednesdays-most-followed-leni-gas-oil-eae-technology-telecom-plus-booker-homeserve-judges-scientific-motive-television-1729.html

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