Member Info for jange

Hidong's share price was unchanged at 50p at 12:24 Friday.

Penang-based Hidong Estate has published in interim management statement reporting no significant change in the financial position or the financial performance of the company since the publication of its half-yearly financial results at the end of September. In the half-year ending September 30th, retained profit for the period was down to 78,269 Malysian Ringitt (MR) (16,410) compared to 81,142 (16,929) in the corresponding period in 2011. Hidong Estate is a development stage company which engages in identifying suitable investments for the company. It was previously engaged in the production of natural rubber and and oil palm fresh fruit bunches in Malaysia.

The initial consideration is subject to a post-completion adjustment for actual working capital and actual net indebtedness at completion. Proceeds will be used to repay debts of the company.

Consort Medical will sell its King Systems division after receiving approval from shareholders. The medical devices company said it will dispose of the manufacturer of anaesthesia and respiratory items for a consideration of $120m cash, plus an adjustment of approximately $5.0m for estimated working capital and net indebtedness at completion. "Further to the announcement of its proposed disposal of King on December 20th, 2012, the company is therefore pleased to confirm that all conditions precedent have been satisfied and it has completed the proposed disposal," the group said.

Advanced Computer Software is placing 55m new ordinary shares to raise funds for the acquisition of businesses. The provider of healthcare and business management software said it intends to raise up to �44m through the placement of shares at a price of 80p each with both new and existing institutional shareholders by Arden Partners plc and N+1 Singer Advisory LLP. As initial estimated �28.5m-worth of shares has been conditionally placed using existing shareholder permissions. The remaining �15.5m has been conditionally placed, subject to the passing of the necessary resolutions by shareholders at a general meeting. The placement comes as the group works to land potential acquisitions. "I have identified numerous complementary large and small businesses to acquire on varying time frames," said Vin Murria, Advanced Chief Executive Officer. "These additional funds, with our existing cash and bank facility, provide us with the additional resources, financial flexibility and capability to secure those acquisitions, as part of our growth strategy, more quickly and efficiently."

"Whilst working capital remains very tight at the moment, the board are working hard and are confident of securing a financing solution for the benefit of all our shareholders," said African Medical Chief Executive Officer, Peter Botha. "In addition, we continue to have the support of Harbinger and are in final discussions to convert existing loan notes to improve our balance sheet structure."

Volex (VLX) Director name: Mr Chris Geoghegan Amount purchased: 30,000 @ 97.00p Value: �29,100

Top Director Buys Water Hall Group (WTH) Director name: Mr Raschid Michael Abdullah Amount purchased: 3,486,417 @ 2.25p Value: 78,444

Stacey Cartwright, the out-going Chief Financial Officer of fashion label Burberry, has sold 61,171 shares at 1,363.30p a time, pocketing 833,944 before tax, it was revealed Friday. It was announced earlier this week that Carol Fairweather has been appointed as Cartwright's successor. Fairweather, who has been with Burberry for six years - most recently as Senior Vice President of Group Finance, will take up the position ahead of the group's annual general meeting in July 2013. Prior to joining Burberry, Fairweather held senior finance positions at News International and Shandwick.

The non-executive Chairman of Lo-Q, the AIM-listed technology solutions provider, purchased a chunk of shares in the group on Thursday. In an announcement that came after Thursday's close, it was revealed the Chairman had bought himself 174,400-worth of shares just two days after the company posted double digit growth in its preliminary results. John Weston, who joined the company in May 2011, significantly enhanced his stake in the group with the purchase of 40,000 shares, which he acquired for 436p each. His stake in the company now stands at 95,700, equal to 0.5% of the issued share capital. In Tuesday's results, the company, which provides virtual queuing systems provider for theme parks, water parks and attractions, said pre-tax profit surged 16.7% to 3.2m for the period ended November 4th 2012 while revenue climbed 18.7% to 29.1m. It also revealed a 2.6% like-for-like, year-on-year increase in average customer spend on the group's products and a 9% rise in park customers using Lo-Q systems. Net cash rose to 8.9m from 7.5m before.

WPP Group: Morgan Stanley increases target price from 912p to 1090p and retains an equal-weight rating.

Weir Group: Morgan Stanley ups target price from 1660p to 1830p, but keeps an underweight rating.

Vesuvius: Morgan Stanley initiates with a target price of 385p and an equal-weight rating.

UK Commercial Property Trust: Liberum Capital begins coverage with a target price of 68p and a hold recommendation.

TR Property Investment Trust: Liberum Capital starts coverage with a target price of 195p and a buy recommendation.

Standart Life Investment: Liberum Capital starts with a target price of 60p and a buy recommendation.

Smiths Group: Morgan Stanley revises target price from 1125p to 1281p maintaining an equal-weight rating.

Shire: UBS increases target price from 2240p to 2400p keeping a buy recommendation.

Schroder Real Estate IT: Liberum Capital starts with a target price of 36p and a hold recommendation.

Rotork: Morgan Stanley raises target price from 2240p to 2540p and reiterates an equal-weight rating.