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http://www.investegate.co.uk/Article.aspx?id=201112221326185144U

Singer Capital Markets upgrades Spirent Communications from fair value to buy, target price cut from 135p to 125p.

Nice positive update

Pre Close Trading Update Concurrent Technologies Plc, (the "Company") a world leading specialist in the design and manufacture of high-end embedded computer products, for critical applications in the defence, aerospace, transportation, telecommunications, scientific and industrial markets, announces a trading update for the year ending 31 December 2011. As anticipated when we announced the interim results, a strong order book and increased revenues are expected to result in a satisfactory financial performance for the 2011 full year. The cash position remains strong and, as a result, the Company expects to continue the practice of paying a second interim dividend to shareholders and to pay this before 6 April 2012. In this event there will be no final dividend in respect of 2011.

http://www.investegate.co.uk/Article.aspx?id=201112221241065120U

Coverage http://www.halifaxmarketwatch.co.uk/news.cgi?story=13547416&view=full&username=&ac=

Espirito Santo downgrades Next from buy to neutral, target price cut from 3000p to 2800p.

Espirito Santo downgrades Marks & Spencer from buy to neutral, target price cut from 420p to 320p.

Investec has downgraded AIM-listed miner European Goldfields (EGU) from buy to hold, saying that the current pricing reflects Eldorado's offer.

Morgan Jones, Joint Chief Executive of Hansteen commented: "The portfolio is highly compatible with Hansteen's intensive management approach and the team's experience across the UK market. It has strong fundamentals and a high vacancy rate providing a great opportunity to create significant added value through improving occupancy and imposing our own approach." Ian Watson, Joint Chief Executive of Hansteen, added:"This substantial purchase completes the Fund and will materially add to Hansteen's earnings and future growth potential without significantly reducing our available firepower."

HANSTEEN ACQUIRES UK INDUSTRIAL PORTFOLIO FOR £150 MILLION Hansteen Holdings plc and the Hansteen UK Industrial Property Limited Partnership ("the Fund") have completed the acquisition of the entire property assets from The Spencer Group of Companies for £150 million gross (£147.1 million net). Hansteen, the investor in UK and Continental European property, is manager of, and co-investor in the Fund. The portfolio comprises some 88 assets totalling 4.1 million sq ft of predominantly industrial property located across the UK. Hansteen has acquired 44 of the assets with a current rent roll of £6.0 million (after deduction of head rents) and a vacancy rate of 41.6% for £75.2 million (gross), representing an initial yield of 8.0%, or 8.51% excluding development land, satisfied by £33.9 million of cash from existing resources and £41.3 million of new debt facilities provided by Lloyds Banking Group. The Fund has acquired 44 assets, with a current rent roll of £6.4 million (after deduction of head rents) and a vacancy rate of 17.2%, for £74.8 million (gross), representing an initial yield of 8.5%, utilising existing and new debt facilities provided by Royal Bank of Scotland. Following this transaction, assuming prudent gearing of 50% LTV, Hansteen has firepower of approximately £300 million for further acquisitions. The Fund is now effectively fully invested with gross assets of £166 million and debts of £76 million. The overall portfolio comprises: - 4.1 million sq ft across 68 freehold; 13 long leasehold; and 7 part freehold, part long leasehold properties. Hansteen have acquired 2.4 million sq ft and the Fund has acquired 1.7 million sq ft. - 65 properties in England (76.3% by value); 22 in Wales (22.0% by value); and 1 in Scotland (1.7% by value). - 37 acres of development land, all of which has been acquired by Hansteen. - 87.9% by value in industrial; 6.2% in offices; 3.0% hybrid units and 2.9% in development land. - Net annual rent receivable of £12.4 million after deduction of head rents equating to an overall initial yield of 8.3% (8.51% excluding development land). - Current vacancy rate of 31.7% with a total ERV of over £16.4 million per annum.

http://www.investegate.co.uk/Article.aspx?id=201112220700124634U

Commenting on the Interim Statement, John Schmidt, Chief Executive Officer of Content Media Corporation, said: "We have had a comparatively good half year result and we are well positioned for another year of revenue growth and a solid full year result. Our investment in Collins Avenue is beginning to yield positive results for us and it is now set to become a leading US factual entertainment production company. We hope that further growth opportunities as well as new investment opportunities will arise in this area."

The Board of Content Media Corporation plc (AIM: CMCP), a pre-eminent owner of media rights supported by strong film, TV and digital sales divisions, today announces its unaudited interim results for the six months ended 30 September 2011. Financial Highlights § Turnover of £8.5 million (2010: £6.6 million) § Gross profit before operating expenses of £3.8 million (2010: £3.4 million) § Normalised EBITDA¹ of £0.8 million (2010: £0.7 million) § Normalised PBT¹ profit of £0.2 million (2010: loss of £0.1 million) § Normalised basic EPS¹ of 0.1 pence (2010: 0.0 pence) § Reported loss of £0.2 million (2010: £0.7 million) § Net debt of £19.2m (2010: £20.3m). Operational Highlights § Content Television continues to trade well and Collins Avenue is growing strongly. Visibility into the second half is reasonable and another solid year is expected § Content Film is having a stable year with robust library sales. Management anticipate a stronger second half as new titles are delivered § Content Digital continues as a market leader in the distribution of multi-platform programming and its sales to digital platforms are continuing to grow § Overheads remain stable with a small increase predominantly due to Collins Avenue

http://www.investegate.co.uk/Article.aspx?id=201112220700134652U

Morning cinders - yes a nice update - lots to look forward to ".......With the rapid growth projected in the number of assays and services available in 2012, our biomarker activities look most encouraging and we expect to see this represented by further licenses, contracts and revenues which will provide a better reflection of the considerable value established in and around our proprietary IP."

The Times also assesses Petra Diamonds, which competes against the big daddies of the diamond industry: De Beers and the Russian firm Alrosa. After a recent purchase of the Finsch mine from De Beers Petra is interesting, says Tempus. If the global economy avoids meltdown and the Chinese wedding market behaves as some expect then there could well be a huge demand for diamonds at a time when no one can find anymore to mine. A speculative buy, says Tempus.

Results for the fiscal year ended 30 June 2011 Resaca (AIM:RSOX), the oil and natural gas production, exploitation, and development company focused on the Permian Basin in the USA, is pleased to announce its results for the fiscal year ended 30 June 2011. Highlights Operational Highlights · Significant waterflood enhancements and infrastructure improvements at Cooper Jal and Penwell resulting in increased production at both properties. · Implemented second phase of refrac program at Cooper Jal · Successfully implemented first phase of well deepenings at Penwell property into lower San Andres formation. · Produced over 198,000 barrels of oil and over 237,000 MCF of gas for an average of 651 barrels of oil equivalent per day. · 20% increase in proved producing reserves from 30 June 2010 to 30 June 2011, after consideration of fiscal year production. · Proved reserves of 14.6 million barrels of oil equivalents ("MMboe") as of 30 June 2011. · Proved and probable reserves stand at 29.9 MMboe as of 30 June 2011. · Increased production from December 2010 to December 2011 by 15% · Completed sale of Grand Clearfork property and acquisition of Langlie Jal Unit in July 2011 and August 2011, respectively. Financial Highlights · Oil and gas revenues of $16.5 million after hedging loss realizations of $2.0 million. · Net loss of $7.3 million. · EBITDA of $8.1 million, a 168% increase over prior fiscal year. · EBITDA of $8.3 million excluding onetime costs, a 69% increase over prior fiscal year. · Closed new three year senior revolving credit facility with $33 million initial borrowing base. · Closed $20 million four year unsecured credit facility.

http://www.investegate.co.uk/Article.aspx?id=201112220700104475U

Horizonte's CEO Jeremy Martin said "Throughout the course of 2011 the Company has delivered principle milestones at the Araguaia nickel project, on time and to budget. Araguaia has returned multiple high grade drill results adding continuity to the main target zones and is developing into a significant nickel asset in terms of tonnage and grade when compared with its global nickel peer group. The beginning of 2012 will see Horizonte continue to deliver on a number of key milestones at Araguaia, including preparation of a new resource estimate, concluding positive metallurgical testwork and producing the PEA to establish the project's economic viability. In turn we are actively looking to secure additional land around our Araguaia project to further consolidate our position in this prime nickel region, and once we have the PEA in hand, we will commence further work towards a pre-feasibility study including infill and exploration drilling to continue expanding and upgrading the resource base. "In terms of our gold portfolio, our knowledge of the style of gold mineralisation at Falcao is advancing and recent drilling has progressed well with a number of promising early intersections received, namely 11.1 metres grading 1.21 g/t Au and 15.76 metres with 1.65 g/t Au were received. Full results from the recently completed 3,663 metres drill programme are expected in Q1 2012, and we are pleased to report that our strategic partner AngloGold has approved the 2012 budget for the Q2 2012 follow up drilling programme taking this exciting new gold project to the next stage. "With a strong cash position of £5.8m moving into 2012, combined with supportive mining partners and defined work programmes to fast-track development of Araguaia and our gold assets in Brazil, I believe we are in a strong position to deliver our key milestones and build significant value uplift for shareholders for the year ahead. I look forward to updating the market on our progress throughout 2012."