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21st February 2011 Analyst: Philip Morrish Email: philip.morrish@gecr.co.uk Tel: 0207 562 3362 Plastics Capital: Positive Trading Update; Increased Forecasts and Target Price – 118p (from 106p); Stance Remains Buy

Elartu - thanks for dropping by ! Hope you make a few quid here at some point. Looking for updat esoon. Lets hope the Assie rains did not cause too much of a drop in sales etc. Key Date Status Date Next interim announcement Approximate 25th February 2011 Next year end (to be reported) 30th June 2011 Next prelim announcement Unconfirmed 31st August 2011 Next annual report due Unconfirmed 20th September 2011 Next AGM Unconfirmed 12th November 2011

British engineering firm Invensys is being stalked by international rivals considering a bid for the company which employs 8,000 people and is valued at £2.7bn. City sources say predators include Honeywell and Emerson Electric of the US, ABB of Switzerland, Alstom of France, Germany’s Siemens and two Chinese firms, CSR and CNR. No offer has been tabled, but potential bidders are said to be reviewing their options. If one fires off a bid, a takeover war is likely to erupt, as Invensys is viewed as one of only a handful of medium-sized engineering firms listed on the stock market, making it vulnerable to a bid. Private firms are more difficult to acquire, the Observer reports.

Im beginning to feel the strain in here ! Is anyone else invested!

Property company Hammerson is the first major result of the week on Monday. Panmure Gordon is expecting to hear of continued progress in both profits and asset valuations. Its pre-tax profit forecast is for GBP136m, with a dividend of 16.0p and a net asset value (NAV) per share of 463p, though the NAV estimate could prove too cautious, the broker suspects. "Prime retail assets were in the news during the final quarter of 2010 with significant corporate activity taking place (Trafford Centre & Westfield Stratford). As we have already seen, the valuations of prime retail assets appear to have seen a sharp upward spike during the fourth quarter and Hammerson could well see its own retail assets see a benefit here. Hammerson has continued extensively to recycle capital during 2010 with a series of acquisitions and disposals in both the UK and French portfolios and looks well positioned to benefit from the growth trends described above," the broker says.

Home Retail Group (HOME) Home Retail Group has been in surprisingly strong form for a retail group in the recent past, something which makes it tempting to think that there is some M&A waiting in the wings. However, the shares have previously punished those on the M&A trail in the past quite severely and it may be best to play it safe. On this basis waiting on a momentum buy signal of an end of day close above the January price channel at 238p may be the best way forward for anyone looking at a return towards H1 2010 resistance through 280p. Zak Mir 19/02/2011

Marks & Spencer (MKS) On the face of it we have quite a strong sell signal as far as the hourly chart of M&S is concerned, coming as it does in the form of a dead cross between the blue 50 / black 200 period moving averages. This should ensure that there is a journey to the floor of a falling January price channel at 345p over the past couple of weeks. Only an end of day close above the falling channel at 367p would delay the downside scenario. Zak Mir 19/02/2011

Looks like a very promising investment

Shares in Tricorn Group (TCN) jumped 3p to 20p on news the tube manipulation specialist expects pre-tax profits for the full-year to be "significantly ahead of market expectations" as trading in the second half "remained strong". The group added that its energy and transportation sectors remained the key drivers for this strong performance. Encouraged by this, Arbuthnot maintained its "strong buy" recommendation for the group with an increased target of 24p, up from 20p.

maytheforcework - howdy yes I see you going about lol(sorry for delay in replying!) ---to be honest I am not invested here. It is on a rather large watch list I have ! I do fancy i for a move back up though - but no spare cash so it will have to remain unloved by me just now -- perhaps when funds become available. GL

In a move to broaden and strengthen its product offering, Craneware (CRW), the provider of revenue cycle management software for healthcare, has acquired ClaimTrust, a Software-as-a-Service revenue cycle technology solutions provider, for a maximum consideration of 19.5 million dollars (12 million pounds). "The acquisition...represents an exciting step forward for Craneware by enhancing our product set, increasing our market share and adding to the profitability of the group," commented Keith Neilson, chief executive of Craneware. The acquisition is expected to be earnings enhancing in its first full financial year of ownership. The shares pushed ahead 8.5p to 581p.

Initial sales at Sarantel Group (SLG) have so far been slower than expected this year, the manufacturer of filtering antennas for mobile and wireless devices announced, due to unexpected internal technical development issues experienced by two major customers. However, the group said it was confident that once these customers resolved their internal issues, their orders will return in the second half of the year. Sarantel shares plummeted 0.75p to 1.68p.

Supporting its energy and environmental activities in the US, multi-disciplinary consultancy RPS Group (RPS) has acquired Evans-Hamilton Incorporated, a US-based oceanographic consulting firm, for a maximum consideration of 8.67 million dollars (5.5 million pounds). "It [the acquisition] builds on our acquisition of MetOcean in Australia and enables us to extend our services in oceanographic consulting on an international basis," commented chief executive Alan Hearne. "We continue to make good progress with the other Energy acquisition we are negotiating." RPS inched up 0.6p to 205.5p.

Rentokil Initial's (RTO) profit for the year ended 31st December 2010 fell by three-quarters after persistent problems at its City Link parcel delivery business and Benelux textiles and hygiene services arm. Pre-tax profits fell to 14.5 million pounds on sales down 1% at 2.5 billion pounds. Alan Brown, chief executive, also said that it was too soon for the business support services group to resume dividend payments, arguing that its financial performance needed to become more predictable first. Rentokil shares lost 5.45p to 92.55p.

Brewing group SABMiller (SAB) said the merger of Tsogo Sun, its South African hotels and gaming associate, with Johannesburg-listed Gold Reef Resorts has become unconditional after all pre-conditions were met. SABMiller will exchange its 49% interest in Tsogo Sun for a 39.7% interest in the enlarged Gold Reef/Tsogo Sun business. Closure of the transaction is expected to take place on 24th February 2011. The shares gained 80.5p to 2,169p.

Inmarsat (ISAT), the mobile satellite communications services provider, has awarded VT iDirect, the satellite-based IP communications technology group, a contract valued at 60 million dollars (37 million pounds) for its forthcoming Global Xpress service. The contract is to provide the ground network infrastructure and core module technology for integration into the satellite terminals. Shares in Inmarsat rose 30.25p to 713.75p.

Go-Ahead (GOG) has raised its annual profits outlook on the back of solid pre-tax profits in its half-year results. The bus and train operator said it expected its full-year operating profit to be about 101 million pounds, which is the same as 2010 and a 10% increase on previous consensus estimates. Keith Ludeman, chief executive, said: "While we remain cautious on the outlook for the economy...we now expect our full-year operating profit across our rail and bus businesses to be higher than we previously anticipated and around the same as achieved last year." The shares advanced 113p to 1,429p.

Anglo American (AAL), the multinational mining company, and Lafarge, the world's biggest cement company, are to create a UK construction materials business that would have annual sales of 1.8 billion pounds. Anglo, which owns Tarmac in the UK, outlined a plan for a 50-50 joint venture that would combine all concrete, cement, asphalt, and contracting businesses of Tarmac UK and Lafarge UK. Separately, the miner posted a pre-tax profit of 10.9 billion dollars (6.7 billion pounds) in the year ended 31st December 2010, up from 4 billion dollars (2.5 billion pounds) a year earlier, on revenue ahead 30.4% at 27 billion dollars (17 billion pounds). Anglo shares slipped 86.7p to 3,208.8p.

Arbuthnot maintained its "buy" recommendation for Morgan Crucible (MGCR), the industrial components manufacturer, with an increased target price of 330p, up from 309p. The broker thinks the group's technical prowess – its knowledge base and ability to deliver bespoke components and assemblies in specialised non-metallic materials for demanding applications – is the bedrock of the company's growth and margin potential. Coupled with management's commercial focus and record of execution, Arbuthnot added, the new financial targets look eminently achievable. Morgan Crucible shares pushed ahead 13.5p to 301.5p.