Ashoka India Equity Investment Trust Plc Share News (AIE)

Telecoms and travel software provider Anite is a bright spot as brokers' begin to be more positive about the company after its full year results even though the profit was below the consensus figure. Panmure Gordon has moved its recommendation from sell to hold while KBC Peel Hunt has switched from hold to buy. Revenues fell from £90.1m to £78.8m, while underlying pre-tax profit slumped from £18.1m to £9.9m in the year to April 2010. The telecoms side is making progress and will benefit from the rol out of 4G but travel is not a good market at the moment. Anite had net cash of £29.8m at the end of April 2010.The government's decision to curtail the Building Schools for the Future (BSF) has knocked educational IT supplier RM. The 44 BSF projects which have reached financial closure will continue as will some where preferred bidders have been appointed. All other projects will be stopped. That means that RM will continue with 14 projects which will contribute to revenues in 2010 and 2011. RM is preferred bidder on seven other projects worth £200m and these may be scaled back. RM included £121m of the value of these projects in its committed revenues figure of £505m. A truer figure would be £384m. The costs of bidding for all these projects have already been written off. FTSE TechMARK - RisersSkyepharma (SKP) 30.00p +7.14%Gresham Computing (GHT) 16.00p +4.92%BATM Advanced (BVC) 22.50p +3.45%Kewill (KWL) 122.50p +3.38%XP Power (XPP) 640.00p +3.23%Intec Telecom Systems (ITL) 49.75p +3.11%NCC Group (NCC) 440.00p +2.33%Anite Group (AIE) 36.00p +2.13%Dialight (DIA) 315.00p +2.11%Antisoma (ASM) 5.60p +1.45%FTSE TechMARK - FallersPhytopharm (PYM) 8.00p -9.38%Ark Therapeutics (AKT) 4.50p -5.26%Filtronic (FTC) 27.00p -4.42%Torotrak (TRK) 19.75p -3.80%Parity Group (PTY) 8.50p -2.94%Puricore (PURI) 67.50p -2.88%Computacenter (CCC) 257.90p -2.68%RM Group (RM.) 158.00p -2.47%Triad Group (TRD) 24.00p -2.08%Alterian (ALN) 152.75p -1.45%