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http://www.investegate.co.uk/delcam-plc-(dlc)/rns/launch-of-delcam-australia/201211290700272663S/

Outlook Market conditions continue to be challenging, particularly in the Resourcing business where margins are under constant pressure. The Group is focused on developing its service offering whilst maintaining tight control of its resources. This will provide the platform upon which to build sustainable growth.

CONT For the six months to 30 September 2012 revenue in the Resourcing business increased to £8.46m (2011: £8.37m). There has been a noticeable squeeze on gross margins as clients in both the public and private sectors seek to leverage their purchasing power in a very competitive market place. This pressure has resulted in a reduced operating profit of £0.25m (2011: £0.37m). Going forwards, we are looking to increase gross margin by offering our clients solutions comprising a blend of traditional resourcing and value-added consultancy services. The Consulting & Solutions business reports an increase in revenue to £1.35m (2011: £1.23m) and an improved operating performance for the period with a loss of £0.34m (2011: £0.43m loss). Considerable progress has been made in aligning and developing the portfolio of services offered. We have successfully integrated our Zubed location intelligence capability into our Business Intelligence offering, as well as continuing to broaden our consultancy offering. Whilst this is an on-going process we have already received a very positive response from clients; both those seeking to achieve rapid business benefit and those looking to build strong, long term, collaborative relationships. During the period Triad was awarded a place on the Government G-Cloud ii framework for our Zubed Engage CL platform and we are also a named provider of Cloud Consultancy services on the same framework.

Business Review I am pleased to report that the stability achieved following the restructuring of the business continued into the new financial year. In addition we have developed, and continue to develop, new service offerings for our clients, integrating the strengths of our Resourcing, and Consulting & Solutions businesses. For the six months to 30 September 2012 revenue has increased to £9.80m (2011: £9.61m). The Group reports a loss after tax in the period of £0.15m (2011: £0.11m) and positive earnings before interest, tax and depreciation (EBITDA) of £0.03m (2011: £0.07m). Gross margin as a percentage of revenue has decreased to 14.5% (H1 2011/12: 16.2%) primarily due to increasingly competitive market conditions being faced by the Resourcing business. Utilisation in the Consulting business was less than expected during the second quarter of this financial year, however utilisation and yield have since improved. Net borrowings as at 30 September 2012 have improved significantly to £0.07m (as at 31 March 2012: £0.50m). This is as a result of the continued strong credit control and cash management within the business. Administrative expenses have decreased in the period by 5.7% to £1.52m (2011: £1.61m). Overheads remain tightly controlled.

Half year results for the six months ended 30 September 2012 Chairman's Statement Financial Highlights · Revenue is £9.80m for the six months ended 30 September 2012 (2011: £9.61m) · Gross profit as a percentage of revenue: 14.5% (2011: 16.2%) · Earnings before interest, tax and depreciation: £0.03m (2011: £0.07m) · Loss before tax: £0.15m (2011: £0.11m) · Net borrowings : £0.07m (as at 31 March 2012: £0.50m)

http://www.investegate.co.uk/triad-group-plc-(trd)/rns/half-yearly-report/201211290700102486S/

Reserve statement The Directors are pleased announce a maiden SAMVAL compliant probable coal reserve of 34.1Mt, based on 60.1Mt of the Company's total 266.3Mt gross in situ coal resource (M,I&I). In addition, the Company has opencast reserves of 120,000 tonnes. A portion of these probable reserves should be upgraded to proven reserves once the Company can demonstrate operational data to support the data and assumptions used with respect to the beneficiation of the coal. The reserve figure is based on current scheduled (detailed mine planning) tonnes, which is based only on existing mining rights and resources that fall into the measured and indicated category. To arrive at a SAMVAL reserve, Minxcon only used the coal within Elitheni's mining rights area only at a mineable seam height cut off (in this case, 0.8m) and subtracted the inferred and reconnaissance resources, to arrive at an extractable in situ coal reserve. From this they subtracted the coal that is required to be left underground to serve as roof support in the form of pillars. The result is a mineable in situ coal reserve from which is subtracted geological and mining losses, to arrive at a run of mine reserve, being the coal available for beneficiation through the Company's wash plant. The total reserve of 34.2Mt (which includes the opencast reserves of 120,000 tonnes) has been valued by Minxcon on a discounted cash flow basis and is calculated to be ZAR 909.46m (£64m).

David Nel, Chief Executive of SNR, said: "I am pleased that the CPR update verifies our strong overall resource and reserve numbers and associated valuations, which robustly attest to the viability of the coalfield SNR is developing. As Elitheni continues its drilling programme we believe that we will be able to convert tonnes from those currently in prospecting areas into mining rights of the Company and enhance our resource and reserve levels, which should significantly increase the overall valuation of the Elitheni Mine."

Results of CPR Update and Maiden Reserve Statement SNR, the AIM listed natural resources developer operating in South Africa, is pleased to announce that the update to the CPR (the "Report") undertaken on its 74% owned subsidiary, Elitheni Coal (Pty) Ltd ("Elitheni"), has now been completed in accordance with the SAMREC code and corresponding SAMVAL criteria by the Company's competent person, Minxcon (Pty) Ltd ("Minxcon"). Minxcon is an independent advisory company with expertise in working with mining and exploration companies. Highlights: · Net present value ("NPV") of total mineable in situ coal resource of between £107m and £122m and reflects only 6% of Elitheni's total exploration rights area. · 34.1Mt of probable reserves. · 288.5Mt mineable in situ coal resource of which 161.9Mt is measured, indicated and inferred ("M,I&I").

http://www.investegate.co.uk/strategic-natural-(snrp)/rns/results-of-cpr-update-and-maiden-reserve-statement/201211290700182657S/

Jefferies has upgraded its rating for contract caterer Compass Group from 'underperform' to 'hold', saying that last week's full-year results offset some concerns.

Shares in insurance giant Resolution were in the red on Wednesday morning after UBS cut its rating on the stock from 'buy' to 'neutral', citing a 'less compelling' valuation. The broker said: "Resolution’s disappointing nine-month trading, EV write-downs, UK restructuring charges, and recent share-price performance all point to a downgrade to 'neutral'.

Investec has kept its 'hold' rating and 670p target price for medical technology group Smith & Nephew following Wednesday's proposed acquisition of Healthpoint Biotherapeutics. The broker said that the purchase is a "good fit" but raises the risk profile of the company as a whole. "For us, whilst the acquisition is broadly about strategy, expanding S&N’s wound business, it takes S&N into riskier areas, with future performance linked to the outcome of clinical trials," Investec said.

Valuation: 57.5p Our model and valuation of 57.5p will remain unchanged (see our note Longevity and growth to come, published 15 November) until the proposed Fabergé acquisition is approved. The short-term impact may be dilutive at the group profit level, but the longer-term benefits could come from the ambitious expansion plans for the Fabergé brand, which could add to profit growth for the combined group.

http://www.edisoninvestmentresearch.co.uk/researchreports/Gemfieldsupdate281112.pdf

Neil Warner, Chairman of Enteq Upstream plc, commented: "The half year ended 30 September was one of building the initial stages of a drilling tools product range in an environment where capital expenditure restriction in North America has reduced XXT's revenues in the short term. We have acquired good companies which are sound building blocks for our strategy of developing a broader and more international business. We look forward to extending our product range and entering new markets."

Outlook · North American rig count reduction is leading to short-term spare drilling fleet capacity, but activity and distance being drilled remains high. XXT sales remain exposed, short term, to North American spare drilling capacity. · Global drilling activity remains close to an all-time high with directional and horizontal drilling a key component of future oil & gas production. Enteq is well positioned to take advantage of this opportunity and to achieve market share growth. · The Directors remain confident that Enteq's initial acquisitions represent solid foundations for a long-term, highly profitable business.

Financial metrics · Revenues of $5.3m (Sept 2011: nil) · Loss before tax $3.5m (Sept 2011: $1.3m) · EBITDA in Drilling Tools Division of $1.6m (Sept 2011: nil) · Consolidated adjusted EBITDA1 of $0.3m (Sept 2011: Loss $0.8m) · Basic loss per share $0.07 (Sept 2011:loss $0.17) · Adjusted earnings per share2 of $0.01 (Sept 2011:loss $0.09) · Cash generated from Drilling Tools Division $1.6m (Sept 2011:nil): Operating cash conversion 100% · Cash balances of $25.8m as at 30 September 2012 (Sept 2011: $21.8m)

Interim results for the six months ended 30 September 2012 AIM traded Enteq Upstream plc ("Enteq", the "Company" or the "Group"), the oil & gas field services company today releases its consolidated financial statements for the six months from 1 April 2012 to 30 September 2012. Enteq was established in April 2011 with the goal of building a substantial business, through acquisition and organic growth, which would supply products and technologies to service companies operating in the upstream oil & gas sector. The completion, during this period, of initial acquisitions in the directional drilling market in North America have been the first steps in realising this strategy. Highlights · In May 2012, Enteq raised $66.7m (before costs) in order to commence its buy and build strategy. · Also in May 2012, Enteq completed its first acquisition, XXT, for an initial consideration of $46.1m. · In July 2012, Enteq completed its second acquisition, KM Services and Pro-Flow, for an initial cash consideration of $11.5m. · The acquisitions have been integrated into a Drilling Tools Division where they have a common customer base and complementary products. · New products, new customers and new markets have already been established. · In September 2012 the company signed a revolving credit facility with HSBC for $15m (currently undrawn).

http://www.investegate.co.uk/enteq-upstream-plc-(ntq)/rns/interim-results/201211280700101518S/