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Analyst: Jon Levinson Character Group has today announced a strong first half trading statement and a move into the “toy construction” sector of the toy market - first half revenues are expected to be at least 33% ahead of last year. On the back of this we have increased our forecasts and our target price, from 204p to 246p and with the shares at 186.5p we reiterate our stance of buy.

This weekend’s chart selection is headed up by coal fired power station group Drax (DRX) whose CO2 emissions clearly were not substantial enough to prevent a big freeze in December. The shares historically have been very hard to pin down and this may still prove to be the case. However, with the three post December bounces off the RSI uptrend line, the rising blue 50 and black 200 day moving averages and perhaps most important of all, the end of week close above the top of the 395p September gap down, it should now be the case that, barring an end of day close back below the gap, the upside for Drax could be as great as the March price channel top of 440p on a 6 -8 week view.

Components manufacturer Avingtrans (AVG) announced that it expects to exceed current market forecasts for the full-year to 31st May 2011 following a positive first half trading performance, underpinned by an encouraging contribution from the Aerospace and Industrial products divisions. Separately, the group also revealed that its Jena Tec subsidiary (Industrial Products division) signed a 3 year agreement worth 2.2 million euros (1.8 million pounds) to supply a "leading European medical equipment manufacturer" with high precision miniature ballscrews

Panmure Gordon retained its "buy" recommendation for IG Group (IGG) with a 590p target price. The broker believes the group's scale advantage, structural growth prospects and cash generative business model will continue to support long-term value creation and ring-fence the business's competitive advantages. That said, Panmure expects IG's cash generative and low capital intensity business model to continue to add to surplus cash balances, raising the prospect of a special dividend.

Daniel Stewart initiated coverage of private jet aircraft operator Hangar8 (HGR8) with a "buy" rating and 195p target price. The broker notes that the company has successfully raised 2 million pounds during the IPO process, which it believes will provide the business with sufficient capital to execute its plans. That said, underpinned by an improving economic and business environment and two new large aircrafts, Daniel Stewart has forecast a 30% improvement in revenue in the second half of 2011, from the half earlier, to 9.5 million pounds.

FIVE are described as Russia's largest retailer in terms of revenue - I have never heard of them but these results look on the face of it , good - one to watch.

X5 Retail Group REPORTS Q4 & FY 2010 Trading Results(1): enhanced # 1 position with nearly USD 15 bln 2010 pro forma gross sales Record organic store openings and Kopeyka Acquisition added nearly 1,100 stores for the year In 2011 x5 plans to add 540 stores and increase sales by approx. 40% on organic growth and kopeYka consolidation Q4 2010 Rur sales growth of 35% driven by improved consumer spending, organic growth and initial kopeyka contribution FY 2010 CONSOLIDATED(2) net RETAIL SALES up 24% in RUR and 30% in USD

http://www.investegate.co.uk/Article.aspx?id=201101190708517138Z

George Ogilvie, President and CEO commented: "The processing of the East Mine Dump Pile from the historic mining camp represents a good opportunity for Rambler to generate some early revenue prior to bringing the Ming Mine into production in 2H 2011. It also highlights just one of many opportunities that exist within the Baie Verte Peninsula that the Company will be evaluating in order to grow its business."

HIGHLIGHTS /T/ -- Historic resource estimate between 50,000 to 80,000 tonnes of unconsolidated material grading from 2 to 4 g/t gold. -- The East Dump material will be trucked and processed at the Company's Nugget Pond hydrometallurgical gold plant 23 kilometers from Tilt Cove. -- Early metallurgical test results indicate a gold recovery of 96% after 24 hours leach residence time. -- Minimal operational costs with material already crushed and ready for transportation. -- Proceeding with government approval with anticipated start date of Q2 2011.

http://www.investegate.co.uk/Article.aspx?id=20110119070820M5122

Looking good.

Luis da Silva, Chief Executive of African Aura, commented: "This is a major step forward in establishing Nkout as a significant regional iron ore project. The progress made in less than twelve months is significant and this will culminate with a maiden resource statement in the coming weeks. After demonstrating the underlying value in the company with the delivery of the gold PEA which supports the current market capitalisation of the Company, Nkout will further demonstrate the under-valuation of African Aura and making the rationale for the proposed demerger more

NKOUT DELIVERS HIGH GRADE CONCENTRATE OF 70% IRON - MAIDEN RESOURCE ESTIMATE NEARS COMPLETION African Aura Mining Inc. ("African Aura" or the "Company"), the TSX‑V (AUR) and AIM (AAAM) listed exploration and development company is pleased to announce an update for its iron ore project at Nkout, southern Cameroon. · A 33 hole drilling programme has been completed at Nkout totalling over 4,200m · Excellent Davis Tube Recovery ("DTR") results from Nkout with an average Fe (total) concentrate grade of 70% using a grind size of P90 of less than 100µ · No deleterious materials present with the final concentrate low in silica, phosphorous and alumina · Mass recovery of 42% · Oxidised cap material grading between 40-62% Fe (total) with metallurgical testwork underway · An additional target at the adjacent Ngoa was drilled, 10 shallow holes for 550m completed · Maiden resource statement is anticipated by early February 2011

http://www.investegate.co.uk/Article.aspx?id=201101190700066996Z

Graham Stewart, Chief Executive of Faroe Petroleum plc, commented: "Faroe Petroleum is very pleased to have been awarded these prospective licences in the 2010 Norwegian APA licensing round. As well as continuing our successful relationships with Wintershall and Centrica, we have also been awarded substantial equity interests in each licence. "These new licences contain some attractive new prospects in close proximity to the Company's existing 2010 Maria and Fogelberg discoveries on the Halten Terrace."

http://www.investegate.co.uk/Article.aspx?id=20110119070000H0650

Arbuthnot maintained its "strong buy" recommendation for SQS Software Quality Systems (SQS), the software testing and quality management services provider, with a 262p target price. The broker notes last week's update that revealed adjusted pre-tax profit for the year ended December 2010 is expected to be broadly in line with consensus, and as a result has increased its revenue forecasts. Commenting on this, Arbuthnot attributed this success to pursuing business in managing testing services but added that this is expected to have a dampening effect on overall gross margin in the short term, given that managed services contracts initially deliver a relatively lower margin. Nevertheless, in the medium to long term, the broker thinks this success will ultimately enhance margin and earnings.

Davy - August ! thats a long term plan !

280 resistance broken. Owards and upwards perhaps!