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Software firm Idox has been offering hefty rewards against a backdrop of stock market gloom, having seen its share price nearly quadruple since April 2008. The group provides software that helps clients - such as local councils, private companies and charities - save money by offering more services online. The group reported a 54% surge in half-year profits to £7.3m last week. Investors who got on the bandwagon early might be wise to take some profit now, writes The Financial Mail on Sunday´s Midas column.

Highly acquisitive media giant WPP has agreed to acquire the South Korean media planning and buying agency, Alchemedia, which will be merged into its GroupM Korea subsidiary. Alchemedia, founded in 2004 and based in Seoul, generated revenues of 1.4bn South Korean won (£0.78m) in 2011 and had gross assets of KRW 10bn. The combined company's clients include Audi, GlaxoSmithKline, IBM and Procter & Gamble.

David Hornsby, CEO of Ideagen, commented: "I am delighted Ideagen has joined AIM to support the Company's next phase of growth and provide improved liquidity in the Company's shares for both existing and new investors. I would like to thank our shareholders for their support while we were traded on PLUS SX and look forward to the future with confidence."

Admission to AIM The Board of Ideagen PLC (AIM: IDEA) is pleased to announce the admission today of the Company's ordinary shares ("Ordinary Shares") to trading on the AIM Market of the London Stock Exchange ("AIM"). Ideagen is a supplier of 'Compliance Based Enterprise Information Management Software' with operations in the United Kingdom and the United States serving a number of sectors. The Group has grown both organically and through acquisition and is joining AIM in order to support the Group's strategy to become a leading supplier of Compliance Based Enterprise Information Management Software solutions to the UK in general and to the US healthcare market in particular. finnCap are Nominated Advisor and Broker to the Company. Further information on the Company, including the Admission document and AIM Rule 26 information, is detailed on the Company's website, www.ideagenplc.com

http://www.investegate.co.uk/Article.aspx?id=201207020700055582G

valuation according to GECR With a number of consultancy contracts in the pipeline for the current financial year, we are forecasting underlying pre-tax profits of £1.1 million on revenues of £15 million for the current financial year. We expect to see the proportion of sales of digital learning products increase even further and net debt to reduce to around £1.8 million. For the following year, we have pencilled in underlying pre-tax profits of £1.3 million on sales of £16 million, and net debt of £1.5 million. Given the benefits that have been seen from promoting its digital product suite and the potential market from overseas expansion, we believe a 2014 EV/EBITDA multiple of 7 times is appropriate. Accordingly, we have derived a 30.1p target price, but due to ILX’s uncertain financial position, we have moved our stance from buy to speculative buy.

2012 Zero-Coupon Loan Notes Kedco plc, (AIM:KED) the renewable energy group focusing on the production of clean energy in the UK and Ireland, announces that the Company has sought and received an extension of the repayment date on the 2012 Zero-Coupon Secured Loan Notes (the "Loan Notes") from 1 July 2012 to 31 October 2012. On 5 July 2010 the Company announced that it had raised €3.2 million (£2.6 million) from the issue of 3,588,583 zero-coupon, secured loan notes. The Loan Notes, which had a subscription price of £0.72, were to be redeemed at par value (being £1) on 1 July 2012.

http://www.investegate.co.uk/Article.aspx?id=201207020700095793G

The Chairman, Mr M.C.Gupta, said: "In the year under report, we continued to maintain and increase the tempo of progress in the accomplishment of our stated goals. We benefited during the year from a strong, full year contribution from the Chennai 1 (77 MW) plant even as we forged ahead with our projects under construction. It is, therefore, gratifying to be able to report that we expect the first of these initiatives, a further 77 MW plant at Chennai, to join its operational twin in the next few weeks, thereby increasing Group operating capacity to 190 MW. "The emphasis on accelerated development and delivery continues, both at Chennai and Gujarat, with this largely brownfield expansion portfolio being increasingly de-risked. In the light of what we see as structural, and beneficial, changes taking place with regard to power sector pricing in the country, we are confident that the Group's differentiated and profitable business model will increasingly contribute to build superior shareholder value".

Final Results for the Year to 31 March 2012 OPG (AIM: OPG), the developer and operator of Group Captive power plants in India, announces results for the year ended 31 March 2012. Financial Highlights • Revenue up 37% to £45.25m • EBITDA of £ 12.57m (28% on Revenue) • Income from continuing operations (before tax, non operational / exceptional items) £9.59m • Strong performance of 77 MW plant with the unit posting pre tax earnings of £ 7.55 m • Reduced contribution from legacy assets generating 6% of gross profit of 3 operational units in India (2011: 38%) • Deconsolidation of Legacy plants (26 MW & 10MW) effective from 1st Dec 2011 • Cash and cash equivalents of £39.26m (including Available for Sale Investments amounting to £1.39m) and long term borrowings of £56.05m at 31 March 2012 Operational Highlights • 77 MW Unit performed at 92.15% of Capacity • Further 77MW to be commissioned in September 2012, taking total group capacity to 190 MW • Chennai IV (80 MW) to commission in Q2 2013 • Chennai III (160 MW) to commission in Q3 2014 • Kutch (2 x 150 MW) facility to be based on air-cooled condenser with H2 2014 commissioning • Bellary (12 MW) expected to Commission in 2013

http://www.investegate.co.uk/Article.aspx?id=201207020700115876G

Commenting on the acquisition Chief Investment Officer, Phil Redding, said: "This transaction provides us with a rare opportunity to acquire some of the best logistics assets in the two strongest markets in France. The assets deliver an attractive income yield from strong covenants and will allow us to drive operational efficiencies from greater critical mass with the potential to add value over time."

SEGRO acquires a portfolio of prime logistics assets in Paris and Lyon for €160.8 million SEGRO, Europe's leading owner-manager and developer of industrial property, has agreed the acquisition1 of a portfolio of eight prime French logistics estates for €160.8 million (£129.7 million) from Foncière Europe Logistique, a subsidiary of Foncière des Régions. The portfolio comprises 13 buildings, which are 10 years old on average, totalling approximately 255,000 sq m of lettable space and currently generating €14.2 million (£11.5 million) of annualised rental income. The purchase price represents an attractive net initial yield of 8.4 per cent and reversionary yield of 7.7 per cent. Five estates are located in established logistics locations in the Ile de France region around Paris, within close proximity to SEGRO's existing core logistics and light industrial estates. The remaining three estates are located in Lyon, one of France's most important logistics and transportation hubs, where SEGRO already has a presence. All eight estates are fully let to a range of strong covenants, a number of which SEGRO already has relationships with, including UPS, GEODIS, Daher, SONY, DSV and Saint-Gobain. The weighted average lease length is 6.0 years to expiry. This transaction will significantly enhance SEGRO's existing strong platform in the Ile de France, one of Europe's wealthiest and largest economic regions, and strengthen its asset base in the key logistics market in Lyon. The acquired assets will increase SEGRO's portfolio in the Ile de France region by approximately £95 million to over £400 million. Overall, it will have approximately £500 million of assets in France, totalling over 900,000 sq m and generating over £40 million of annualised rental income. The acquisition, following on from the purchase earlier in the year of a 50 per cent stake in the UK Logistics Fund, is further evidence of SEGRO delivering on its strategy, announced in November 2011, to develop its logistics platform across key transportation corridors in the UK and Continental Europe. These transactions mark important steps towards creating a lower risk portfolio which will generate high quality and resilient income focused returns with minimal cost leakage. Following this acquisition, SEGRO will have prime logistics assets under management of approximately £1.4 billion (£1.1 billion at share)2 located in its target markets. The acquisition, which is expected to complete in September 2012, will be funded using part of the proceeds from the £377 million of non-core asset disposals which SEGRO has announced in the year to date. These proceeds have also been used to pay down debt, consistent with the Group's objective to reduce leverage over the medium term.

http://www.investegate.co.uk/Article.aspx?id=201207020700126021G

Jens Montanana, Datatec's Chief Executive commented: "We identified Afina more than two years ago as a potentially game changing opportunity for Westcon. "The Transaction adds major high growth emerging markets to Westcon's geographic footprint and cements its leadership role as the world's premier distributor of networking and security products. It is a key milestone in delivering on our strategic medium term goal of reaching $1bn of revenues in security related product solutions, and also brings software virtualisation and data centre products to Westcon's solution set. "This acquisition creates unrivalled coverage throughout the Americas, as Westcon gains an immediate on-the-ground presence in Argentina, Chile, Colombia, Venezuela and Peru in addition to coverage across Central America and the Caribbean. It also adds a significant presence in Mexico which will boost Westcon's recently established operations there. Afina's operations in Brazil will augment Westcon's existing strong presence in that market. "Latin America is now entering a robust period of IT spending, with analysts estimating that the region will generate more than $310 billion in IT spending in 2012*. With the acquisition of Afina, Westcon is very well positioned to capture this momentum."

Westcon acquires Afina for up to €50 million Datatec Limited ("Datatec", "the Group" or "the Company", JSE/AIM: DTC) the international Information and Communications Technology (ICT) group, announces that its subsidiary Westcon Inc ("Westcon") has agreed to acquire the Latin American and Iberian multinational security, virtualisation and data centre distributor Afina Group ("Afina"), through the acquisition of its Panamanian holding company GLS Software SA from Araguaya S.A. (the "Transaction"). The Transaction, valued at up to €50 million, expands Westcon's presence in Latin America, the Caribbean, Europe, and North Africa. It also broadens and deepens Westcon's product portfolio, through the addition of new (or stronger) relationships with strategic vendors such as VMware, Riverbed, Symantec and Citrix. The Transaction will be settled by the payment of €30 million in cash funded from new loan finance and €10 million in Datatec shares. The remaining €10 million will be paid, in cash in two payments of up to €5m each in 2013 and 2014 subject to Afina meeting certain EBITDA performance conditions for each of the two years ending 31 December 2012 and 31 December 2013 as specified in the Transaction agreement. The effective date of the Transaction is 2 July 2012.

http://www.investegate.co.uk/Article.aspx?id=201207020700126025G

Essar Energy sells stake in Vietnam gas block to ENI 2 July 2012: Essar Energy plc [LSE: ESSR], the India-focused integrated energy company, today announced that its subsidiary Essar Exploration & Production Limited has agreed to sell a 50 per cent stake in Vietnam's offshore gas exploration block 114 to ENI International B.V. The reduction in Essar Energy's stake in block 114, which was previously 100 per cent, is in line with the strategy for its exploration and production business of introducing strategic partners to help manage risk and of focusing on the development of its core assets. Essar Energy acquired the 100 per cent stake in block 114 in 2007 and a production sharing contract with the Vietnam Government became effective in 2010. Further investment is required to establish gas reserves in the block and no gas is being produced at present. Under the terms of the transaction, ENI is also assuming operator status for the block. The transaction is subject to agreement from the Vietnam Government.

http://www.investegate.co.uk/Article.aspx?id=201207020700105823G

Acquisition of cooked meats business Cranswick today announces the acquisition of the entire issued share capital of Kingston Foods Limited ("Kingston"). Kingston is a producer of premium cooked and roasted meat products and at 27 January 2012 had gross assets of £3.7 million. The acquisition of Kingston strengthens Cranswick's cooked meat production capabilities, further diversifies its product range in a growing market and broadens the Group's customer base. Tony Turner and Paul Williams, the vendors, will continue in their current positions as managing director and operations director respectively. We welcome Tony, Paul and their colleagues to the Cranswick group.