News Column

Interim Management Statement, Financial Results, Strategic Acquisitions, Social Welfare Initiatives, and Scrip Dividend Declarations - Analyst Notes on SOCO, KCOM, Man Group, Cobham and JLIF

June 17, 2014

LONDON, June 18, 2014 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Earnings Review released its analysts' notes regarding SOCO International Plc (LON: SIA), KCOM Group Plc (LON: KCOM), Man Group Plc (LON: EMG), Cobham Plc (LON: COB) and John Laing Infrastructure Fund Ltd (LON: JLIF). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at:

-- SOCO International Plc Analyst Notes On May 15, 2014, SOCO International Plc (SOCO) announced its Interim Management Statement relating to the period from January 1, 2014 to May 14, 2014. SOCO said that its net production during the four months to April 30, 2014, averaged 14,090 barrels of oil equivalent per day (boepd) - in line with the Company's own expectations. The Company reported net cash and liquid investments of around $270 million as at May 14, 2014. The Company stated that the drilling of the Litchendjili extension on the Marine XI, Republic of Congo, Brazzaville block has been planned for late Q2 2014, or early Q3 2014. SOCO informed that the preparation of the H5 development plan is progressing according to plans with the contracts for wellhead platform awarded and construction of the jacket started. SOCO stated that the first development well TGT-18P, under the TGT 2014 in-fill drilling programme, has reached the target depth. The full analyst notes on SOCO are available to download free of charge at:

-- KCOM Group Plc Analyst Notes On June 6, 2014, KCOM Group Plc (KCOM) announced the unaudited preliminary results for FY 2014. The Company, which lists names like British Airways and Mercedes as its customers, reported a fall of 0.6% YoY in revenues during the year to GBP370.7 million. KCOM said traditional carrier revenues within the large enterprise market were under pressure during the year due to both the commoditised nature of the products and ongoing pricing pressure from regulatory changes. Meanwhile, KCOM's pretax profit during the year also fell 0.2% YoY to GBP49.9 million. The Board has proposed a final dividend of 3.25 pence per share, representing a total dividend for the year of 4.88 pence per share -- an increase of 10.0% YoY. The full analyst notes on KCOM are available to download free of charge at:

-- Man Group Plc Analyst Notes On June 9, 2014, Man Group Plc (Man Group) announced that it has agreed to acquire Pine Grove Asset Management LLC (Pine Grove), a US-based fund of hedge fund manager specializing in the management of credit-focused hedge fund portfolios with approximately $1.0 billion of assets under management. Financial terms of the transaction were not disclosed, but it is expected to close in Q3 2014. Man Group expects to enhance its presence in the U.S. and add to the Group's fund of hedge funds business, FRM, with this acquisition. A press release by Fitch dated June 11, 2014, highlighted that the acquisition of Pine Grove by Man Group is likely to boost the latter's diversification and scale. Fitch expects Man Group to finance this deal with surplus capital, which was $550 million at end-2013, adjusted for the final dividend and share repurchase. The full analyst notes on Man Group are available to download free of charge at:

-- Cobham Plc Analyst Notes On June 6, 2014, Cobham Plc (Cobham) announced that its engineers including apprentices Claire Bewley and Sam Day have helped the Memorial Pegasus museum in Normandy, France, in restoring a famous British Centaur Close Support Mk IV tank called, 'Vidette'. The Company informed that Vidette was amongst the five only 80 Centaur IV tanks ever built and the only Centaur Mark IV known to survive the June 1944 D-Day landings. Dr Robert Pearson, General Manager, Cobham, Leatherhead, said, "It was a tremendous honour for Cobham to be invited to attend the inauguration ceremony by Mark Worthington, the Curator of Memorial Pegasus and to have the opportunity to meet veteran Pat Churchill, a member of the crew of a Centaur on D-Day. This was an experience which Cobham has been very proud to support and that the team will never forget." The full analyst notes on Cobham are available to download free of charge at:

-- John Laing Infrastructure Fund Ltd Analyst Notes On May 16, 2014, John Laing Infrastructure Fund Ltd (JLIF) issued a press release to inform that it will issue 924,343 ordinary shares of 0.01 pence each, as a scrip dividend alternative to receiving a cash dividend in respect of the H2 2013 dividend. The Company informed that dividend amount for H2 2013 is 3.25 pence per share, while the Scrip dividend price per share is 115.52 pence per share. The Company has made an application to the United Kingdom Listing Authority (UKLA) and the London Stock Exchange (LSE) for the new shares to be admitted to the Official List of the UKLA and to be traded on the main market of the LSE. The full analyst notes on JLIF are available to download free of charge at:

=============== EDITOR'S NOTES: ===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at]

5. For any urgent concerns or inquiries, please contact us at compliance [at]

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] for consideration.

COMPLIANCE PROCEDURE Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Earnings Review, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Earnings Review in this article or report according to the procedures outlined by Earnings Review. Earnings Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE Earnings Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED Earnings Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Earnings Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Earnings Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Earnings Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA(R) and Chartered Financial Analyst(R) are registered trademarks owned by CFA Institute.

Earnings Review

CONTACT: Adam Redford, +852-8191-3972

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: PR Newswire Europe

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters