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http://www.barchart.com/opinions/stocks/WATR.LS

Established in1974 Headquartered in Palm Springs, California President/CEO Patrick DeSouza Slogan, "Leak Detection Without Destruction" 351 franchise units in the United States 14 international franchises in 7 countries More than 6 million leaks discovered Technicians service over 110,000 municipalities, businesses and residences annually Corporate-owned locations in Palm Springs, San Bernardino, Ft. Lauderdale, Boston and New Haven, CT. Ranked in Top 25 Performing Franchise Systems by The Wall Street Journal Named No. 88 in Entrepreneur Magazine's "America's Top Global Franchises"

American Leak Detection is an unrivaled franchise business which has grown to become the world leader in the accurate detection of hidden water, sewer and gas leaks. Proprietary methods and state of the art technology have revolutionized the exploration and discovery of leaks. With advanced methodologies and equipment, ALD franchisees are capable of determining the exact location of hidden leaks. From swimming pool cracks to underground plumbing systems and sewer lines, the sensitive electronic tools will identify the trouble location. Each technician has completed the industry's most extensive training program and is skilled to accurately locate the most difficult leaks, without destruction to property. Established in1974

Merchant Securities initiates coverage with a "buy" rating and 50p price target.

Boooooommmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm

Another good rise on the cards today.....

8th November 2013 XCAP Securities plc ("XCAP" or the "Company") Placing and Issue of Equity of £0.9 million The Board of XCAP (AIM: XCAP.L), the independent wealth management and capital markets investment bank, is pleased to announce that it has raised a total of £905,000 via the issue of 323,214,285 new ordinary shares of 0.1p each in the Company ("Ordinary Shares") at 0.28p per share (the "Placing"). Application will be made for the new Ordinary Shares to be admitted to trading on AIM and dealings are anticipated to commence on 13 November 2013, following which the Company will have 2,087,538,038 Ordinary Shares in issue. Proceeds will be used for general working capital purposes as the Company continues to execute its corporate strategy. Under AIM Rule 21, XCAP directors and applicable employees were unable to participate in the Placing because the Company is currently in a close period ahead of the publication of its financial results. Once the close period has ended, it is XCAP's current intention to allow its directors and applicable employees the opportunity to subscribe for further Ordinary Shares on similar terms. Nitin B Parekh, CEO commented "On behalf of the Board I would like to thank the placees for the confidence they have shown in our strategy. I am particularly pleased that a significant portion of the Placing is being taken up by new shareholders, who share our vision for the future." Enquiries: XCAP Securities plc Nitin Parekh (CEO) +44 (0)20 3101 7070 Grant Thornton UK LLP Philip Secrett / Melanie Frean +44 (0)207 383 5100 24/7 Communications Bob Bion +44 (0)7810 692 594

Another good day...........

Positive Points: Management said it was focused on the task of meeting its medium term financial objectives including its revenue, margin and return on capital targets. FirstGroup reported "early positive signs" in its UK bus business, and that its UK rail division had recorded "solid passenger revenue growth and operating performances". Within UK Rail, the group signed an agreement with the DfT in October to operate the First Great Western franchise for a further 23 months to 20 September 2015. The company previously noted it is targeting an "appropriate, progressive and sustainable dividend policy". It intends to pay a "transitional final dividend" of up to £50 million for the year to 31 March 2014 as it seeks to return the group to more acceptable levels of profitability.

Financial Highlights: The rail and bus operator reported a half-year loss of £8 million, narrowing from a £20.6 million loss at the same point in 2012. Revenues ticked up 1.6% to £3.3 billion. The group's balance sheet has been strengthened following the £615 million rights issue completed in June.

Interim results: Whilst acknowledging it is early days into its multi-year plan, FirstGroup reported clear indications that it is making progress. The rail and bus operator, which raised £615 million by virtue of a rights issue to shore up its balance sheet, reported a narrowing in its pre-tax losses to £8 million, which compared with a £20.6 million loss at the same point in 2012. The Aberdeen headquartered group saw revenues at its UK Bus segment fall 14% to £490.7 million during the period, after allowing for the sale of its London bus operations and the absence of last year's Olympic Games. Revenues at First Student in the US improved by 1.2%, in part due to the recovery of operational delays lost to severe weather conditions last year. Overall contract retention rates remained around 90%. First Transit, as expected, delivered a robust performance with dollar revenues advancing 8.8%, driven by contract opportunities in paratransit and its shuttle segments. On the downside, Greyhound's operations continued to be affected by the prolonged US economic downturn. Elsewhere, demand for services within UK Rail remained good with like-for-like passenger revenues increasing by 5.7% in the period. Martin Gilbert, FirstGroup's outgoing chairman, who announced at the time of the rights issue in May that he would step down as soon as a replacement is found, said there are "early signs" that the company's turnaround initiatives are "bearing fruit". "I have confidence that, as we move to the next phase of our development, FirstGroup will continue to build on this success" he said in the chairman's statement.

Positive Points: Experian is buying Passport Health Communications Inc, a leading provider of data, analytics and software in the US healthcare payments market. The Chief Executive noted that "the acquisition of Passport Health will make us a clear leader in this high growth and attractive market." Although below some analyst forecasts, group organic revenue (excluding acquisitions) grew by 6%. Organic revenue growth was achieved across all regions and business lines. The Chief Executive noted that "for the second half, we expect organic revenue growth to be in a similar range as in the first half, and for the full year, we continue to expect modest margin improvement (at constant currency)." The group enjoys both product and geographical diversity. Experian's Consumer Information organisation operates 19 consumer credit bureaux maintaining information on over 740 million consumers. A progressive dividend policy continues to be pursued. The interim dividend was increased by 7%

Negative Points: Experian's acquisition of Passport Health Communications follows its $324 million deal to buy US fraud detection firm, 41st Parameter, last month. Group net debt increased by $218 million to $3.156 billion. Marketing Services for Latin America declined by 11%. The decline in revenue reflected some postponements by clients in Brazil and further weakness in the document process outsourcing business in Colombia, which was divested after the period end. Given the global reach of the company, this exposes it to foreign exchange risk. The depreciation of the Brazilian Real relative to the US dollar has impacted previously. Experian operates in a highly regulated environment. The company is subject to various regulations globally regarding the collection, protection, and use of consumer data. In addition, it is also subject to a degree of political risk, relying on legislation not only to open up new credit bureau geographies but also to protect its market position in existing markets. The company is exposed to a degree of acquisition risk if integration does not produce the desired financial results.

Financial Highlights: Total and organic revenue from continuing activities increased by 6% at constant exchange rates. At actual exchange rates, total revenue from continuing activities increased by 3%. Benchmark or adjusted profit before tax of rose 2% to $573 million. Interim dividend of 11.5 US cents per ordinary share, up 7%.

Half year results and acquisition: The news appeared to generate a degree of investor caution, with the share price down by over 5% in late-morning stockmarket trading. The global information services company announced that it is to buy Passport Health Communications Inc, a leading provider of data, analytics and software in the US healthcare payments market, subject to regulatory approval. The Chief Executive noted that "since entering the US healthcare payments market five years ago, we have steadily expanded our position. The acquisition of Passport Health will make us a clear leader in this high growth and attractive market. We will offer our clients in the US healthcare industry a competitive one-stop-shop to manage risk and to satisfy their payments requirements." Nonetheless, some analyst concern over the $850 million price tag of Passport was expressed, with worries that a previously announced $500 million share buy-back scheme will be terminated at the current $322 million (as of 30September 2013). Furthermore, organic revenue growth disappointed some analysts, with its Latin American business reporting a revenue decline in total continuing activities

Positive Points: At Primark, sales increased by 22% and profit rose by 44%. In continental Europe, management increased selling space by 25%, noting that "we were very encouraged by trading in all countries." Primark in June began to sell some of its products through Asos Plc, an online-only fashion retailer. The company's first store in France, in Marseille, will open in December. For its Grocery business, profit rose by 24%. This was mainly a result of margin improvement from both good trading and the non-recurrence of restructuring costs. Twinings Ovaltine is its most profitable grocery business. The group's Agricultural business delivered an improved performance. Adjusted operating profit increased by 18%. Net borrowings at the year end were £257 million lower than last year at £804 million. Management highlighted "very strong cash flow." A progressive dividend policy continues to be pursued. Total dividend payment for the year increased by 12% over the prior year.

Negative Points: AB Sugar delivered a result which was below that of last year. The decline in AB Sugar's profit in 2013 was the result of lower European production and higher beet costs for British Sugar. In June this year, the European Council of Ministers confirmed that EU sugar quotas for domestic production would end in 2017 and the market has already started to react. Pricing for the 2014 financial year is lower as a consequence of the greater availability of sugar globally and an increase in competition. Expected capital investment in the coming year is forecast to rise, due to ongoing expansion at Primark. This provides a potential drag on earnings. The UK bread market remains highly competitive. For its Allied Bakeries business within its Grocery division, the company previously noted that "this market remained intensely competitive." Volatility in commodity prices remains in the background. The group is exposed to foreign exchange risk. Some valuation concerns have been expressed. The share price has risen by over 60% over the last year.

Financial Highlights: Group revenue rose by up 9% to £13.3 billion. Adjusted operating profit increased by 10% to £1.185 billion. Total dividend payment for the year increased by 12% over the prior year.

Full year results: The group's Primark business remains the jewel in the crown, driving performance over the last year - profit rose by 44%. The company's Grocery and Agricultural divisions also contributed positively, helping to offset a tough year for Sugar, which was hindered by lower European production and higher beet costs. EU market reforms and increased global competition provide challenges for Sugar going forward, whilst raised group capital expenditure over the coming year provides some additional drag on earnings. In all, the group's low cost ethos continues to appeal in tough economic times. Ongoing expansion at Primark is largely being aimed at budget constrained European consumers, whilst a focus on costs remains central across the company. Nonetheless, with the share price having outperformed the broader FTSE-100 index by a significant 48% over the last year, we believe much of the good news is already seen as being priced in

Positive Points: Overall, RSA's net written premiums have grown by 7% in the first three quarters of 2013. Management confirmed that investment income remained comfortably on track at around £470 million. The group saw Latin America premiums up 18% to £608 million, with growth primarily driven by acquisitions made in 2012 in Argentina. In Central and Eastern Europe and the Middle East, premiums were up 14% to £311 million. Strong growth in all countries was in evidence, in particular Oman, up 23%, Lithuania, up 11% and Poland, up 10%, supported by continued increasing new business volumes across the region. Ten years ago, RSA operated in around 50 countries. Since then, the group's focus has narrowed and RSA now operates a well diversified portfolio in 31 countries. RSA still benefits from a wide geographic footprint that offers exposure to an array of insurance markets around the world.