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http://www.investegate.co.uk/Article.aspx?id=201203190700115638Z

RECOMMENDED CASH ACQUISITION of MISYS PLC by MAGIC BIDCO LIMITED an investment vehicle indirectly owned by the Vista Funds to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 Summary · The Independent Misys Directors and the Bidco Directors are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition of Misys by Magic Bidco Limited ("Bidco"), an investment vehicle indirectly owned by the Vista Funds, pursuant to which Bidco will acquire the entire issued and to be issued ordinary share capital of Misys (the "Acquisition"). · Under the terms of the Acquisition: Misys Shareholders will be entitled to receive 350 pence per Misys Share.

http://www.investegate.co.uk/Article.aspx?id=201203190700115644Z

David Paxton, CEO of Vatukoula Gold Mines, commented: "We are very pleased with the continued progress made at the mine over the last six months with underground mining and development increased substantially. The ongoing development program is delivering additional mining areas which provide a platform to deliver long term sustainable production. We remain confident of this year's forecast production of 65,000 ounces gold, and our future target of 100,000 ounces per annum being achieved. Through improvements in our underground mining practices we were able to achieve an underground grade of 5.70 g/t, while increasing the development metres. The improved production and higher grade, along with higher gold prices ensures that we continue to operate on a positive operational free cash flow basis. Encouraging progress has been made with the Fiji Sugar Corporation in the planned construction of the Rarawai Biomasse power project. The Fiji Sugar Corporation has confirmed that VGM will partner in the project and expects that power costs delivered to Vatukoula from the Rarawai Biomasse power plant will be less than half of our current power costs. Our exploration program, which is focused on the upgrading of our Inferred Mineral Resource at the mine, is progressing well and will lead to better medium term mine planning and better control of grade and related costs."

Operational Highlights · Gold production for the second quarter was 14,315, compared to 11,442 for the second quarter ending February 2011. For the six months gold production was 29,999 ounces, remaining steady as compared to 2011 and on track to achieve our forecast of 65,000 ounces for the year. · Mine profit for the quarter was £0.9 million (unaudited), compared to a loss of £2.0 million (unaudited) in the same period last year. Profit for the six month period was £2.3 million compared to a profit of £2.2 million in the same period in 2011. · Underground ore mined and delivered for the six months was 165,339 tonnes compared to 154,000 tonnes in the same period in 2011, showing steady progress in the underground development program. · Underground development for the year to date was 13,238 metres up from 11,354 metres achieved in the comparable period last year.

http://www.investegate.co.uk/Article.aspx?id=201203190700115648Z

Etalon Group President Viacheslav Zarenkov said: "In 2011 we achieved exceptional financial performance, with Revenue, EBITDA and Net Income increasing 16%, 23% and 64%, respectively - significantly ahead of expectations. "Our EBITDA margin increased to 36% for 2011, which once again demonstrates our ability to extract value from our land bank. I believe this underscores the unique DNA of the Etalon Group offering - our robust vertically integrated platform, nationwide sales network and strong reputation. "Two key milestones for 2011 were the delivery of our first 98 thousand sqm in the MMA, and the increased share of MMA projects in our total portfolio to 45%. "In 1H 2008, pre-crisis, we contracted 218 thousand sqm in St. Petersburg alone (c. 440 thousand sqm on an annualized basis). In all of 2011 we contracted 270 thousand sqm in both SPMA and MMA, demonstrating 27% y-o-y growth, yet still well below pre-crisis levels in SPMA and with substantial headroom for further recovery and growth in MMA. "2012 is off to a strong start and we believe that the recovery will develop further, supporting our cash collections and new contract sales. We have every reason to look towards 2012 and 2013 with confidence, as we plan to launch sales on a total of 10 of the unique projects that we have been fortunate to acquire in both Moscow and St. Petersburg. "At this stage, we are close to further securing the expansion of our operations for 2016-2019 as we finalise the acquisition of a number of new projects in both Moscow and St. Petersburg. At the same time, our 2012-2014 construction programme remains unchanged and we are fully land bank sufficient through 2016. "Overall, our balanced debt maturity profile, solid track record and USD 490 million of expansion capital will enable us to continue to acquire high quality projects and provide a perfect growth platform for the years to come."

FY 2011 Operating Highlights: · Deliveries increased by 57% y-o-y, including successful expansion into Moscow with 98 thousand sqm of NSA from the first stage of the Emerald Hills project delivered on schedule, contributing to total deliveries for the year of 328 thousand sqm; · FY 2011 new contract sales, while still below pre-crisis levels, increased 27% y-o-y to 270 thousand sqm and 30% y-o-y to RUR 18,306 mln on the back of a continued recovery in consumer activity; · The average price for new contract sales in 4Q 2011 increased to RUR 71,718, up 9% compared to RUR 65,994 in 4Q 2010, and up 5% from RUR 68,030 in 3Q 2011; · Pre-sales launched for 11 new buildings in FY 2011, representing 442 thousand sqm of NSA and expected cash collections equivalent to c. USD 968 million. Update on Key Projects: · Acquired three new projects in 2011, which represent a total of 536 thousand sqm of planned NSA: Dmitrovskoye highway in the Moscow Metropolitan Area (MMA), as well as Letniy and Rechnoy in St. Petersburg; · Strong pipeline of projects currently undergoing due diligence: 5 in the Moscow metropolitan area and 13 in the St. Petersburg metropolitan area;

Etalon Group Reports 64% Increase in IFRS Net Profit for FY 2011 St. Petersburg - Etalon Group Limited (LSE: ETLN), one of Russia's largest and oldest residential real estate developers, today announces its audited IFRS consolidated financial statements for 2011. The Group's strong financial results for the year reflect the continuing post-crisis market recovery that began in 2010; while operating results remain below pre-crisis levels, market conditions in 2011 and early 2012 underscore further strong performance for the Company going forward. FY 2011 Financial Highlights: · Revenue grew on accelerating sales, increasing 16% year-on-year (y-o-y) to USD 774 million from USD 669 million in FY 2010; · Earnings before interest, taxes, depreciation and amortization (EBITDA) reached USD 279 million, up 23% from USD 227 million in FY 2010; EBITDA margin increased to 36% from 34% in FY 2010; · Net profit for the year increased 64% y-o-y to USD 253 million; · Cash and cash equivalents* increased by 281% and stood at USD 490*million at year-end. The increase was primarily due to financing from the IPO, and this trend is expected to reverse as the Company invests into new projects; · Etalon Group had a net cash and cash equivalents position of USD 167* million at 31 December 2011, and gross debt of USD 323 million with maturities spread evenly between 2012 and 2015.

http://www.investegate.co.uk/Article.aspx?id=201203190700125782Z

I was thinking of investing here - this has convinced me otherwise for the time being

TRADING UPDATE Endace Limited ("Endace") (AIM: EDA, "the Company"), a world leader in network monitoring solutions, provides an update on performance for the year ending 31 March 2012. The Company continues to build on a period of significant progress as reported at the time of its interim results. In particular the Company continues to transition successfully to a systems business with the associated annuity income it brings. However, against the backdrop of continuing economic uncertainty, decision-making by a number of its clients remains slow. Budget restraints, particularly in the UK Government customer base, have resulted in a shortfall of expected purchases. The Company has worked hard to preserve its profitability and cash in this uncertain macro-economic environment, but despite delivering year on year growth, revenue for the year ended 31 March 2012 is expected to be short of market expectations by approximately 10%. The Company expects a pre-tax profit of approximately US$1M after adjusting for share options, and a year-end cash balance of approximately US$4M. Looking forward, whilst the Board notes the continuing uncertain economic outlook, it remains confident in the prospects for the business given the technological leadership in its chosen markets, the strength of the pipeline, the continued growth in annuity income, and its expanding Enterprise customer base. Having carefully considered various opportunities for the Company, earlier this year the Board appointed Deutsche Bank to review options for the future.

http://www.investegate.co.uk/Article.aspx?id=201203190700125783Z

Henrik Bang, CEO of Netcall, commented, "Our customers are increasingly challenged to manage more with less and, at the same time, satisfy changing customer expectations. It is our stated strategy to expand the capabilities of our customer engagement platform and we remain committed to investing in ongoing product development to deliver excellent products for effective customer engagement."

Netcall expands product suite with first version of multi-channel interaction capability Netcall plc (AIM: NET), a leading provider of customer engagement software, is pleased to announce that as part of its product development roadmap, it is today launching multi-channel interaction within its market leading customer engagement platform. Organisations are increasingly being contacted through multiple channels, such as web and email alongside the telephone, and are expected to deliver the same high level of customer service consistently across all these channels. Netcall's contact centre customers will now be able to manage queries via multiple media types through a single, universal queue, and allocate queries to the appropriate response team. This is the first stage of Netcall's multi-channel development roadmap and will be followed by additional multi-channel capabilities.

http://www.investegate.co.uk/Article.aspx?id=201203190700145626Z

Misys Acting Chief Executive Tom Kilroy comments, 'Our third quarter results were impacted predominantly by the cautious approach adopted by customers whilst discussions were taking place about the future ownership of Misys, and also by continued challenging conditions in financial markets. However, we are confident that sales are being delayed rather than cancelled. We are pleased that Misys Sophis continued to build up sales momentum with 7 new customer wins bringing strong orders growth for the third quarter. In addition the two large tier 1 customer wins demonstrate the relevance of our product offerings to banks of all sizes. Notwithstanding the current uncertainties, Misys remains strong with new and existing customers adopting our market-leading software solutions.'

Highlights All comparisons against prior year periods are on a constant currency basis and are pro-forma for the acquisition of Sophis. · Revenue down 3% for the year to the end of the third quarter (third quarter: down 12%). · Order Intake down 5% for the year to the end of the third quarter (third quarter: down 18%). · Customers delayed, but did not cancel, software licence purchase decisions during February as they awaited the outcome of the discussions on the future ownership of Misys. Nevertheless we added 15 new customers in the third quarter. · Misys Sophis order intake for the year to the end of the third quarter up 2% (third quarter: up 16%) with 7 new customers in the third quarter, including a tier 1 French institution, adopting Sophis Value for asset management. · TCM order intake for the year to the end of the third quarter down 14% (third quarter: down 45%), reflecting a large sale to Bayerische Landesbank during the prior year's third quarter. · Banking order intake for the year to the end of the third quarter up 2% (third quarter: down 1%), including a tier 1 US bank adopting Trade Innovation Plus for trade finance. · BankFusion live customers have increased to 16 with five recent go-lives, including National Bank of Kenya with BankFusion Universal Banking, United Arab Bank in Sharjah, a new Misys customer, and Habib Bank, the largest bank in Pakistan. · Net debt reduced to £107m at 29 February 2012 (30 November 2011: £149m), reflecting strong cash collection during the third quarter.

http://www.investegate.co.uk/Article.aspx?id=201203190705065646Z

Stephen Boyd, Chairman of Pittards, commented: The Group succeeded in significantly strengthening its balance sheet, extending its brand and increasing revenues in 2011 but against a backdrop of rising raw material prices, as I advised earlier in the year, and this coupled with structural changes in the supply chain has caused the unadjusted trading profit to remain at £2.7m..