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[POL]One to watch: By Bryan Johnston of Brewin Dolphin. The directors of Polo Resources have been demonstrating their confidence in the group's prospects of late by some relatively substantial share purchases. Certainly, there appears a reasonably persuasive argument for following suit, the shares trading at quite a significant discount to the company's 7p net asset value. In addition, the company has a near 30 per cent stake in Caledon Resources, which is the subject of a bid at 112p a share from the Chinese group, Guangdong Rising. This deal is conditional on approval by the Chinese authorities but, if it is consummated, Polo could net over £93 million, which compares with a market capitalisation of about £134m and the current cash equivalent balance sheet holding of a little under £30m. Polo has other interesting holdings including a 24 per cent stake in Asian coal miner GCM Resources, and 10.4 per cent of the issued and outstanding shares of Ironstone, a private Canadian company that owns the Clear Hills iron ore and vanaduim project in Alberta. For those of an adventurous bent, Polo Resources could be worth a look. Polo Resources 5.2p -0.1p Scotsman says BUY

[ASTR] [EVOL] The stated policy of Astaire has, since 11 February 2011, been to realise assets with a view to returning cash to shareholders when possible. All of the operating businesses of Astaire were sold by 8 March 2011, but the Board was not able to distribute cash to shareholders pending the resolution of major litigation with Izodia plc. Astaire announced on 24 June 2011 that the Izodia litigation had been settled, but that Evolve Capital Plc ("Evolve"), the holding company of Astaire Group PLC ("Astaire"), had recently notified Astaire that it was considering the strategy for Astaire with the option that Astaire become a more active investing company, rather than returning cash to shareholders. Evolve owns 110,067,610 ordinary shares in Astaire representing 53.6% of the current issued share capital of Astaire. The Board of Astaire recognises that a number of its shareholders would prefer the company to return cash rather than retaining their Astaire shares and participating in any future investment returns. Particular concern has been expressed, in addition, that Astaire's proposed de-listing would be very unattractive in the absence of this cash return. Proposed course of action The Boards of Astaire and Evolve have now discussed the options and concluded that it would be in the best interests of shareholders to put forward a proposal whereby Astaire Shares are redeemed under a Scheme of Arrangement with each Astaire shareholder having a choice of receiving new Evolve Shares, which will be quoted on AIM, or a cash alternative.

[SND] Worth taking a long look at this IT supply company. Profits increasing year on year and with analyst price target in the low £0.50s some upside has yet to be built into the share price. Perception of a rosy future gathering apace, coupled with recent Director et al holdings announcements. http://www.sanderson.com/sanim/Home,10,4,613,1.html http://www.sanderson.com/sanim/Home,10,4,613,1.html

[RLE] This West Midlands based property group, announces that over the six months ended 30 June 2011, contracted rents have increased 12% to £4.547 million per annum (31 December 2010: £4.062million per annum). Current Estimated Rental Value is approximately £5.753 million per annum. New tenants include Pertemps Employment Alliance and Bank of Scotland (Halifax). The Company's asset management objectives have been achieved at properties in Chingford, in north east London, and Wakefield, Yorkshire. Let to Tesco and Bank of Scotland, respectively, both are to be sold and are currently under offer at above book value. The combined current rent of the two properties is £124,000 per annum. Paul Bassi, Chief Executive of REI, said: "We have a number of additional lettings in advanced discussions or under legal negotiation which, together with pipeline new purchases, we believe will provide REI with record rental income at the year end."

[NRRP] North River Resources plc, the AIM listed multi-commodity resource company, is pleased to announce a positive update from its 100% owned Namib Lead/Zinc Project in Namibia ('Namib' or 'the Project'). This update follows a drilling campaign aimed at evaluating the potential of recommencing operations at the previously producing Namib Lead-Zinc Mine, with drilling focussed from the base of the historically mined level. Announcement Full Text: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10917599

[STI] http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10917399

[SRT] Is not a household name that is talked about down your "local". But if you are a Ship Mogul or a Cruise Liner owner, then you will know SRT. It is top dog when it comes to shipping navigational systems. But now it is tackling the smaller craft market, determined to put into "shipping/boating" that telematics did for the corporate and private motor industry. Buy on weakness for medium to longer term upside. Buy into the troughs and peaks here for substantial gathering momentum gains.

[PINN] http://www.pinnacletelecomgroup.co.uk/assets/files/financial_reports/05gecr_Pinnacle_Telecom_6may2011F.pdf

[PINN] Worth taking a longer term view here with potentially strong corporate business momentum. http://www.glengroup.co.uk/about-the-company/history http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10913746 http://www.glengroup.co.uk/assets/files/financial_reports/Pinnacle_Interims_VFinal_March_2011.pdf

[SLG] Expands into Japan.Announce recently the opening of a new Sales office in Japan and the hire of Wakako Yamaguchi as Sales Manager for Japan This new sales office will be responsible for all of Sarantel’s sales and distribution activities in Japan as the company works to expand sales in this strategically important market. “The hire of Wakako Yamaguchi and the opening of this office represents the next stage in our plan to expand sales in Japan”, said Chris Muir, Director of Sales for Sarantel Ltd., adding “the number of GPS applications developed in Japan is expanding rapidly and having a local office to support our growing customer base will add to our existing opportunities” Recent events at Apple have pushed antenna design to the forefront of debate in the world of mobile technology. For those of us who design antennas, the recognition of “a challenge for the entire smartphone industry to improve its antenna technology” was hardly a surprise. As phone designs become sleeker, with larger screens demanding bigger batteries, the space for all the other circuitry begins to shrink. Apple’s solution was certainly innovative but as we have seen it is subject to the same constraints of physics as any other ‘conventional’ antenna solution. As Apple so vividly demonstrated - with its own design and those of rivals - the human body is surprisingly good at interfering with radio signals, acting like a sponge and absorbing radio energy. It’s an inescapable combination of human biology and antenna physics. We at Sarantel don’t claim to have a technology that will solve the voice antenna problem on the iPhone. But these same issues of biology and physics are ones we’ve studied closely because they also affect the GPS signals our antennas are mainly designed to receive. Indeed, given that GPS signals come more than 12,500 miles from space, not from a nearby base station, the problems of designing an efficient GPS antenna to capture such a weak signal are even more challenging. For handset manufacturers, this is a problem. Recently published research from market researchers iSuppli suggests that by the end of 2011, around 80% of all smartphones will have GPS built in. What’s driving this is a new consumer demand for location-based services like Foursquare, Gowalla and Layar, not to mention the thousands of location-based apps emerging in places like the iTunes app store and Android market. It’s our belief that the development of a healthy and profitable market for location-based services will flounder unless handset manufacturers recognise that current GPS antenna designs are inefficient when close to the human body and simply not up to the job of delivering the kind of performance that users will expect. They lose too much signal and this causes the associated electronics to draw too much precious power. That’s why we are developing the most volumetrically efficient antenna designs to power the coming generation of location-sensitive devices. Sarantel’s unique approach uses dielectric ceramics to produce miniature antenna designs that are far less susceptible to signal loss when close to the human body. What we’ve developed is a way to keep much of the precious radio energy in the core of the antenna, rather than let it leak into the surrounding area where the body’s sponge-like properties will absorb it. As a result, it uses less power and enables more reliable and accurate positional fixes - and that’s important because without robust and reliable performance consumers might not embrace the most exciting LBS applications. We think it’s the most efficient antenna design you can fit into a specific volume and we’re making it smaller and more efficient all the time. Of course, you’ll see an improvement in signal bars if you use a Sarantel antenna, but the real result is what the user notices. The success of the location-based industry depends on whether users are confident they really are where they are, or whether they’re frustrated by the slow fix times and inaccuracies of conventional antenna designs.

[CYAN] This supplier of integrated system design company delivering mesh based flexible wireless solutions for lighting control, utility metering and industrial telemetry, is pleased to provide the following trading update for the six months ended 30 June 2011. In the first half of 2011 revenues significantly exceeded revenues for the whole of 2010. Additionally, Cyan has received a new order for 50,000 units of a legacy product increasing a substantial order backlog. Assuming this backlog of orders, accumulated during the first half of 2011, is delivered within the current financial year, the revenues generated in the second half of this year are likely to be double that shown in the first half and in excess of the total revenues shown in 2009 and 2010 combined. Kenn Lamb CEO of Cyan Holdings commented: "I am delighted to be able to report such strong growth in the first half despite the seasonal effects of reduced first quarter trading in China. The revenues and backlog halfway through the year represent the tip of the anticipated growth curve and we expect bookings in the second half to be stronger than those in the first half. "The backlog represents only the initial orders for initial projects of existing customers, who prefer to place regular orders that match the rate of installation and not a single order for the total opportunity. Whilst we are targeting orders from new customers during the second half of 2011, additionally, we expect significant repeat orders for initial projects from existing customers, as well as new orders from existing customers for new projects. Added to this we expect to enjoy a run of orders from a pipeline of new customers. "These factors should support a faster rate of growth in the second half than we have experienced during the first half of 2011."

[SRT] Receives unexpected US$525,000 in respect of AIS technology licence royalties. The payment has been received from a long standing customer for the licence of SRT's first generation AIS technology. The full amount of the payment will be recognised as an exceptional profit during the first half of the financial year. Simon Tucker, CEO of SRT, said: "Our technologies and global customer network continue to generate unanticipated opportunities and revenues. This is one such case".

[POL] Evolution Securities replaces Cannacord as Nomad. This is expected to bring a more dynamic and aggressive approach to Corporeate strategy, the new broom will waste no time in making an impact. Medium to long term profile suggests some dynamic shareholder value upside!

[ITM] Buy into current momentum but take profits when attitude to risk kicks in. For now buyers outweigh sellers. An undervalued play on current stats.

[RAM] preliminary results for the 12 months ended 31 December 2010. Highlights: · Takeover of TrainFX completed · Successful renegotiation of RAM Vision contracts · Group businesses became revenue generating · Gross profit £594,591 (2009: £136,155) · Loss before tax £3.24m (2009: £1.85m) · Up to £1m of non-recurring costs absorbed RAM Chairman Tim Baldwin said: "Last year was one of major progress for the Group albeit not without its problems. We continued to pursue our strategy of developing RAM Vision and acquiring the remaining equity interest in TrainFX". "Both companies became revenue generating in the year. TrainFX recorded its first material revenue after a number of years in research and development and RAM Vision its first revenue as a brand new company". "The measures the Board has announced alongside the publication of these results are aimed at putting the business on a sound financial footing. They will give the Company a strong balance sheet, and ensure the cash generated can be used to reinvest in the business and lead to the payment of dividends in the future". "The current year will prove a pivotal one in the growth of the Company. Current trading is in line with expectations and both businesses are scaleable on relatively fixed overhead with good gross margins. We now feel confident that we have created a platform for creating a profitable Group in the next few years that will provide long term value for shareholders".

[PPR] Contained in the interim statement, which on the face of it looks very positive and increasingly profitable, assets increased but with increased goodwill exceptionals. There has been significant progress made this year across both trading sectors; that is film and security products and services. The film division has successfully negotiated a further one year extension to its contract with an overseas government for the upgrade of window security to its embassies and chanceries throughout the world and is generating additional revenue both in the UK and overseas. The European Commission contract also commenced during the second half of the year, and it is now proceeding well, according to our expectations. The security products division built on its relationships with both police services and the armed forces, securing contracts with the Metropolitan Police and the British Transport Police for the supply of x-ray equipment, whilst continuing to support the Armed forces with supply and maintenance of portable x-ray equipment. In addition the Group's training and consultancy team have completed more than twenty projects in the past six months, and the 2012 Olympic Games continue to be a potential source of significant additional business over the next fifteen months. turnover has increased by 32% to £1,238,595. Over three quarters of this improvement has come from the SDS group, which has returned to historic levels of turnover, winning some large contracts from its traditional client base. Cost of sales increased in line with this trend, which meant that gross profit has remained consistent with the first six months of last year at 30%. However, this is slightly down on the full year gross profit of 33%. Total distribution and administration expenses have fallen by £40,292 from the same period in 2010, in part reflecting Steve Chamber's continual focus on operational efficiency. The six months to 31 March 2010 included the reversal of a warranty claim provision of £225,800. There was no such write back in the period under review, therefore the loss before tax for the two periods is not directly comparable. However, the loss from operations before exceptional items has reduced from £309,929 to £174,078, a reduction of 44%. The Interim Statement of Financial Position includes increased Goodwill of £725,158 (£351,360 at 30 September 2010) as a result of the acquisition of IGS LLC. The acquisition was paid for by an initial consideration of shares, as set out in Note 4 to the Consolidated Interim Financial Information. There is also potentially going to be contingent consideration based on profit multiples of IGS for a certain period, and our best estimate of this additional consideration has been included in this Interim Report. We will review this position for inclusion in the full year accounts to 30 September 2011. Overall there has been an increase in total assets from £1,098,901 at 30 September 2010 to £1,597,126 at 31 March 2011

[PSQ] Announces today a trading update for the six month period ended 30 June 2011 and outlook for the full year.Total revenues for the half year on a proforma basis are expected to increase by 56%, compared to the corresponding period last year, to £12 million. The revenue growth has been achieved by the contribution from the customer management business acquired in August 2010 and by a 44% increase in revenues from the Intelligent Environments mobile and online banking software business. Group profits for the six month period are expected to double from the £0.5 million achieved in H1 2010. The board now anticipates that Group profits for the full year ending 31 December 2011 will be below both market expectations and 2010 due to the ongoing softness in the back office outsourcing activities within its Services business. However, the Software business is expected to continue trading in line with or slightly ahead of expectations, particularly in light of the strong pipeline of new business, the quality of the global partners and the explosive growth in the mobile banking market. The board is disappointed with the performance of the Service business and is taking the necessary steps to improve its long-term financial performance. Nevertheless, the division will still make a full year profit and generate funds in the year that can be invested in the mobile banking business to continue to take advantage of the tremendous global opportunity in this growth market.

[ITM] Although the latest news continues the theme and I consider this stock to have great potential, I believe that it could be a good move to lock in further profits on current upside, running remaining stock, but churn some profits on any possible weakness later sessions.

[ITM]Announces its participation in the collaboration project "Coated Metal Hydrides for Energy Storage" with E.ON, eminate Limited, the University of Nottingham, Teer Coatings Ltd (Miba Coating Group) and Sunamp Ltd. The project is part-funded by the government-backed Technology Strategy Board and ITM Power will receive £66,000 over a three year period. Hydrogen is accepted as an integral part of the move towards clean, sustainable energy systems. One of the main issues yet to be resolved in a commercially viable way is that of safe and cost effective gas storage. One attractive option is the use of solid hydrides that can absorb and release hydrogen on demand at relatively low pressures. However, storage systems must combine optimum gas kinetics with the practicalities of system manufacturing and safety. While the move towards high surface area to volume ratio nano-particulates improves the kinetics, handling and containing these reactive materials presents enormous difficulties.An alternative approach was proposed and addressed successfully in a feasibility study funded by the Technology Strategy Board. This project progresses that successful approach. ITM Power's role is to test and critically analyse the hydrogen storage hydrides produced by the project partners with direct coupling with electrolysers and re-use in fuel cells. ITM Power will be analysing the efficiencies and ease of use as well as contributing to market analysis.

[WSG] Announces today that it has secured a contract to undertake security audits for one of the largest and fastest growing telecommunications companies in the Middle East. Operating from several hundred sites in the region, the client has appointed Westminster as its consultant to undertake detailed audits to report on the Building Management, Safety, and Security Systems, with a view to upgrading and target hardening their facilities. This contract relates to the first 20 sites and is valued at $727,150USD Following the site audits Westminster will prepare detailed site survey reports and prepare a Gap Analysis leading to development of a Scope of Works requirement and manage any future tender process on behalf of the client. The contract will commence in July 2011 and last for 22 months Commenting on the contract award Peter Fowler, Chief Executive of Westminster Group, said: "I am delighted to be able to announce this important new contract which demonstrates our reach into both the private sector and consultancy services in international markets. "This is the first stage in what we expect to be a significant client relationship. Given Westminster's experience and broad range of services, and the client's size and extensive property portfolio, the potential for further business is obvious."