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ECO Animal Health Group plc (AIM: EAH) Results for the year ended 31 March 2012 HIGHLIGHTS First Aivlosin® marketing authorisation for US received after year end, further approvals expected 31.8 per cent increase in profit after tax to £2.6 million (2011: £2.0 million) 41.6 per cent uplift in diluted earnings per share to 4.19 pence (2011: 2.96 pence) Rise to £6.5 million (2011: £6.4 million) in profit attributable to shareholders before interest, tax, depreciation, amortisation, share based payments, impairment, foreign exchange and minorities. 25 per cent increase in dividend to 3.75 pence per share (2011: 3.0 pence) Net cash of £9.5 million at year end Continuing strong Aivlosin® sales in key markets New subsidiary formed in Mexico

http://www.investegate.co.uk/Article.aspx?id=20120720070000Z5683

CEO of Sports Stars Media, Ruben Dias, commented: "I am delighted with the progress the Group has made since joining AIM in February. Production of MSO is progressing as planned and we are excited by the huge potential we have to exploit our rights to use José Mourinho's image. "We are already thinking beyond the MSO series to devise a strategy to integrate the animated TV series with social media and a new interactive collectible card game. "The various elements we are planning to offer are centred on innovative augmented reality mobile and social gaming platform applications in iOS and Android devices. This will translate into new opportunities that integrate into the existing business model and will open new revenue streams and partnership possibilities, ultimately adding value to shareholders."

Interim Results for the period ended 30 June 2012 SSM, the AIM-quoted sports personality animation business, is pleased to announce results for the period from 1 December 2011 to 30 June 2012. Highlights · The Group raised £1.6 million (£1.2 million net of IPO expenses) and was admitted to trading on AIM in February 2012. · SSM is continuing to develop its first animation series "Mourinho and the Special Ones" ("MSO"), a children's series starring a character based on the world renowned Real Madrid manager José Mourinho. · Production of the first series of MSO is on track for completion by February 2013. · The Group continues to market and develop the children's animation television series Gombby, which has recently signed an agreement with Al Jazeera Children's Channel ("AJCC") for AJCC to broadcast the series later this year. · An enhanced strategy has been devised to exploit the dynamic shift in attention from traditional to new media formats with a view to exploiting a number of new revenue streams.

http://www.investegate.co.uk/Article.aspx?id=201207200700030886I

Chief Executive, Andrew Richardson commented: "Notwithstanding the current uncertain and difficult economic conditions, I am satisfied that the Group is well placed to benefit from good levels of demand for its products from overseas markets and in certain of its UK markets, whilst addressing the challenging conditions we are experiencing in other markets in the UK. Finally I would like to thank Nick Longley for the hard work and commitment during his time with Metalrax and wish him all the best in his future career."

Trading Update Metalrax Group PLC ("Metalrax" or "the Group"), the niche supplier of specialist engineering and consumer durable products, announces the following trading update ahead of the announcement of its half-year results for the 26 weeks ended 1 July 2012, which are scheduled to be announced during the second half of September. At the half year, trading from the Group's two operating divisions, Specialist Engineering and Consumer Durables, has been mixed. Within the Specialist Engineering division, export sales have continued to perform well and businesses with customers in the yellow goods and automotive markets have seen good demand. The Consumer Durables division has continued to face very challenging trading conditions, particularly within the High Street Retail and Grocery sectors, reflecting the general economic situation within the UK consumer marketplace. This degree of inconsistency in demand across the businesses has impacted the visibility of the forward order book and has had a consequential effect on our ability to forecast the outturn for the second half. However, given the trading experienced primarily by a number of the Group's export-led businesses, the Board anticipates an operating outcome for the year as a whole broadly in line with last year. During the first half the Group has also undergone significant restructuring to address the issues presented by the current market conditions, and whilst there is still further work to be done, the positive effects this has had at both an operational level and in terms of working capital efficiencies and cash flow, are now being felt. The Company also today announces that Nick Longley, the Group Financial Controller and Company Secretary, has resigned and will be leaving on September 30 2012.

http://www.investegate.co.uk/Article.aspx?id=201207200700040979I

Primary Health Properties PLC Primary Health Properties PLC ("PHP"), one of the largest providers of modern primary healthcare facilities, announces that it has entered into a conditional contract to acquire a modern, purpose built medical centre in Luton, Bedfordshire for approximately £3.9 million. The property is wholly let to Luton Primary Care Trust with 17 years remaining on the lease. More information on Primary Health Properties PLC can be found on www.phpgroup.co.uk

http://www.investegate.co.uk/Article.aspx?id=201207200700041005I

Valuation: Further upside from delivery to plan The shares have deservedly rallied, but the rating of 12.6x 2013 earnings is undemanding considering the company’s growth and cash generation potential. The average rating of other high technology components suppliers is 13.6x. If progress continues to plan, then we would expect the shares to continue to re-rate upwards with 300p looking very achievable within a 12 month timeframe

http://www.edisoninvestmentresearch.co.uk/researchreports/Xaar190712update.pdf

Barclays Capital initiates overweight on British American Tobacco, target price 3750p.

HSBC downgrades Aberdeen Asset Management from neutral to underweight, target price cut from 280p to 240p

Dennis Millard, interim Executive Chairman, commented: "The consumer environment remains difficult and the unseasonal weather conditions this quarter had a direct impact on sales of cycles and outdoor leisure products. In this challenging economic environment the management team will be focused on maximising our trading performance and cash generation, prudent cost management and delivering the longer term strategy outlined to shareholders in May 2012."

Guidance for the Full Year Whilst still early in the year, given the uncertain trading environment our planning assumptions now reflect continuing negative Retail LfLs in the remainder of the first half, with second-half Retail LfLs likely to be flat to mid-single-digit negative. Previous guidance on Retail margins and costs and on Autocentres' profit growth is broadly unchanged. Under these scenarios, FY13 Group Profit Before Tax for the year would range between £62m and £70m and healthy underlying cash flows would continue to be generated whilst making progress implementing our strategic priorities.

Valuation: High end of peer range Although the valuation looks full, it is still within the range of the peer group, which is, by the nature of the industry, truly international. The group trades on 11.1x EV/EBITDA FY12, compared to an average of 8.3x within a range of 3.9x (Cello) to 11.9x (ComScore). On EV/sales, a multiple of 1.9x is nearer the peer average of 1.6x. We feel that the rate of earnings growth and the record of delivering on expectations justify this relative positioning.

http://www.edisoninvestmentresearch.co.uk/researchreports/BrainJuicer190712update.pdf

Valuation: DCF and multiples valuation of £30.6m We have lowered our valuation from £35m to £30.6m or 148p/share, largely because of the profits warning and decline in identification product sales. This reduction of 12.6% compares to a 23% share price fall since Animalcare’s trading update and profit warning. Thus, we believe there has been an overreaction to the company’s difficulties

http://www.edisoninvestmentresearch.co.uk/researchreports/Animalcare190712outlook.pdf