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TechMARK movers: Anite pleases market

Fri, 18th Feb 2011 12:35

Strong trading for the wireless division led to a positive reaction to Anite's interim management statement for the period between 1 November 2010 and 17 February 2011. Anite generates 30% of its revenues from 4G handset products and they continue to grow. The older technologies are also selling well. The travel division reported flat revenue but the strength of the wireless trading means that broker Peel Hunt believes that Anite could beat its 2010-11 profit forecast of £14m. Software company Triad's trading statement for the period between 1 October 2010 and 17 February 2011 was less positive. Trading has been challenging in the second half. Cost cutting will help to offset the lower revenues. FTSE TechMARK - Risers Imagination Technologies Group (IMG) 428.50p +7.85%Anite (AIE) 68.25p +5.00%Ark Therapeutics Group (AKT) 4.70p +4.44%Emblaze Ltd. (BLZ) 43.75p +2.94%Torotrak (TRK) 21.00p +2.44%XP Power Ltd. (DI) (XPP) 1,519.00p +2.22%Axis-Shield (ASD) 305.50p +1.83%Puricore (PURI) 56.00p +1.82%Oxford Instruments (OXIG) 630.00p +1.61%Antisoma (ASM) 2.53p +1.20%FTSE TechMARK - Fallers Triad Group (TRD) 17.00p -10.53%NCC Group (NCC) 570.00p -5.79%Psion (PON) 92.00p -3.16%Phytopharm (PYM) 8.25p -2.94%Dialight (DIA) 612.00p -1.92%ProStrakan Group (PSK) 105.00p -1.87%ARM Holdings (ARM) 619.50p -1.67%Renovo Group (RNVO) 15.25p -1.61%Sage Group (SGE) 288.50p -1.43%Kofax (KFX) 484.50p -1.12%

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