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http://www.investegate.co.uk/Article.aspx?id=201110030700273711P

Completion of sale of George Little Management (`GLM') DMGT announces that on 30th September, 2011 dmg events, its exhibitions and conference division, completed the disposal of GLM, following the receipt of regulatory clearances. This follows the announcement of the agreement of terms with Providence Equity Partners on 23 August, 2011. The total consideration was US$173 million (£111 million) of which $154 million (£99 million) was cash with the balance being an interest-bearing note. In addition, DMGT benefit from selling the business with negative $7 million (£4 million) in working capital. Dmg events was represented in this transaction by the Jordan, Edmiston Group, Inc. (JEGI) of New York, NY, a leading independent investment bank for the media, information, marketing services, and technology sectors, which acted as its exclusive financial advisor.

http://www.investegate.co.uk/Article.aspx?id=20111003070000PB48B

PERU BLOCK 95 AREA LICENCE CONTRACT (Block 95 Contract) The official assignment process of the Block 95 Contract to Gran Tierra Energy ("GTE") (NYSE Amex: GTE) (TSX: GTE), a company focused on oil and gas exploration and production in South America, is progressing following the earlier approval by Perupetro of GTE's qualification as Operator (a prerequisite for the assignment process). Perupetro subsequently sent its approval to the other required governmental agencies (or ministries) for their respective approval in April 2011. The ministries are continuing to review and their final approval is pending before the required Supreme Decree authorising the assignment can be executed by the President of Peru. In the interim, as previously announced, GTE has identified a drilling site location for the first exploration well on Block 95 and expects civil construction to begin late in the fourth quarter of 2011. Drilling is expected to begin in second quarter of 2012. INVESTOR PRESENTATION AVAILABLE ON WEBSITE The Company is also pleased to announce it has updated a presentation to its investors regarding the Company and its operations. The shareholder presentation is now available to view on the Company's website at www.globalenergyplc.com. Steve Voss, Managing Director, commented "While the Company is focused on maximising near-term production, we want to balance the desire for increased sales volumes with bringing those volumes to market at the highest possible cash netback margins. Spending time and capital dollars to improve the water disposal issue at the Tilodiran field in the short-term will produce higher margins for the Company and its shareholders in the long-term. We are also excited about moving our development focus to the Magdalena Valley. Producing and transporting oil from of the Magdalena Valley eliminates the high transportation costs and pipeline restrictions that we are currently experiencing in the Llanos Basin. We expect to realise savings of over $15.00 per barrel in transportation costs moving crude from the Magdalena Valley as compared to our Rio Verde production. The CHOPS workover operation at Torcaz and the Simiti Shale project at Bolivar both are expected to further define our reserves in these fields as well as add incremental production."

BOCACHICO CONTRACT - Torcaz Field, Magdalena Valley The Company is working with an experienced oilfield service company to utilise the "CHOPS" technology (Cold Heavy Oil Production with Sand), recently developed, applied and proven by the Canadian oil industry, for the production of the heavy oil sands within the Torcaz field. The CHOPS technology addresses the unique problems associated with the Torcaz formation and is well suited for heavy oil fields that produce sand. Using abrasives-tolerant pumps, substantial production rate improvements have been reported by Canadian operators with this technology. Based on recent well logs, certain sand formations in the Torcaz field have potential pay zones of approximately 200 feet of net oil pay and are saturated with heavy oil ranging from 12 degrees to 16 degrees API. The Company plans to utilise one of the existing Torcaz wellbores for the initial CHOPS workover operation targeting the Upper Mugrosa formation to increase the Company's incremental production and to allow for the further development of the Torcaz reserves at lower overall costs. BOLIVAR CONTRACT - Bolivar Field, Magdalena Valley After researching and evaluating detailed seismic, cuttings, cores and formation images within the Bolivar Block of the Middle Magdalena Basin, the Company believes the oil shale formations within this area hold comparable petrophysical properties to those within North American shale formations. The Company is targeting a shale test in the Simiti formation. The Company anticipates the expected oil production may easily be transported to market given the proximity to major pipeline systems and receiving stations. The Company is in negotiations with experienced North American oilfield service companies to assist in the completion of design and coordination of the project. The preliminary near term project objective is to re-enter the existing Catalina #1 wellbore and test the Simiti Shale for producible gas, condensate and gas liquids (with a gravity likely to exceed 35 degrees API). The Simiti will be hydraulically fractured according to a design comparable to current industry shale fracturing technique best practices. This will be the first shale test in Colombia.

DEVELOPMENT PLANS UPDATE Global Energy Development PLC, the Latin America focused petroleum exploration and production company (LSE-AIM: "GED"), with operations in Colombia and Peru is pleased to announce the following update regarding its activities and plans for operations. These areas of development will be the primary focus of the Company over the next six months and are budgeted from operating cash flows and available cash on hand. RIO VERDE CONTRACT - Tilodiran Wells, Llanos Basin Following the positive results of increased crude oil production capabilities from the Tilodiran workover programme, water disposal costs per barrel at the Tilodiran field increased by over 50%, primarily from the Tilodiran 2 well, due to the loss of a third party water disposal vendor. In August 2011, the Company elected to temporarily suspend production from the Tilodiran 2 well in order to determine a more cost efficient water disposal alternative. The Company is pursuing a two-fold course for minimising overall water production and reducing the costs associated with the disposal of the produced water in the Tilodiran field. First, the Company is planning an operation to reduce a substantial part of the water production in the Tilodiran 2 well by isolating and thereby reducing production from the water-prone Ubaque formation and stimulating the Gacheta formation further. The Company expects to recommence production from the Tilodiran 2 well with lower water levels and a targeted oil cut of approximately 350 gross barrels of oil per day ("BOPD"). Secondly, the Company is planning to convert the abandoned Rio Verde 2 well into a water disposal well. Once the required permits are received, this project is expected to provide a more cost efficient alternative for disposition of water from the Tilodiran field.

http://www.investegate.co.uk/Article.aspx?id=201110030700222926P

ENRC is planning to launch an informal search for a chairman just days after a corporate governance review confirmed the incumbent’s position. The FTSE 100 miner last week revealed a newly reshaped board that was meant to draw a line under bitter disputes and a coup that led to the dismissal of two directors. Among those who kept their job was Johannes Sittard, the chairman. Some investors were displeased that he stayed on,” explains The Sunday Times. Among those though to be candidates to replace Mr. Sittard is Brian Gilbertson, the former chief executive of BHP Billiton, and he seems to have the backing of Ivan Glasenberg. Sittard could be gone by the end of the year, said sources cited by the newspaper. It is thought that Alexander Mashkevich, one of the founding billionaires who had launched his own bid to take the chairmanship, has pledged to hold off for at least a year, adds the Sunday Times.

Reed Elsevier last week announced the £343m acquisition of Accuity. The firm’s shares have declined 9% since the beginning of the year and the company is resisting pressure for a break-up. RBS puts Reed´s shares at a 30% discount to break-up value - trading on 10 times next year’s forecast earnings. Reed could spin off its Lexis Nexis arm or even split off Elsevier, either could boost its stock, reports The Sunday Times.

The Questor team at The Sunday Telegraph writes this weekend that, “Questor would never claim to be an expert on Bollywood movies - but the continued success of Indian film cannot be underestimated. One company at the centre of the industry is Aim-listed Eros International - and it has ambitious plans to lead the globalisation of Indian film entertainment.” Likewise, adds Questor, just the global audience of South Asians is huge. Despite the above and what at least Questor sees as other strengths, such as the fact that the company receives a share of all cinema tickets sold, the shares however are trading at a very low forward earnings multiple of 6.7, falling to 6 next year. Admittedly, one reason for that is the company´s low ‘free float’. Nonetheless, said issue is understood by management and the company ought to trade like a growth stock. For Questor the shares are a new buy, as growth in its sector looks set to continue for some time.

While the fundamentals at Tullett may do what they will, the technicals have apparently taken a turn for the worse. This is said on the basis of this month's brief bull trap above the black 200 day moving average at 383p, otherwise known as the “death trap” and often seen at the start of severe bear moves. At least in this situation one can say that while there is no end of day close back above the blue 50 day moving average now at 360p the May price channel floor at 315p is the estimated one month target. So reckons Zak Mir

It would appear that September / October for shares of Burberry could be a repeat of the July / August sell off. Helping bolster the bear argument is the way that we have just been treated to an island top reversal over the past couple of weeks. The risk is that while below the grey 20 day moving average at 1,358p the downside here even if the uptrend is set to continue could be the floor of a rising March price channel at 1,210p before the end of next month. So reckons Zak Mir

Carpets still flying 30/09/2011 Ben Jaglom Carpets and beds outfit United Carpets Group (UCG) has issued a trading update in which it bemoans the 'ongoing austerity measures'. The AIM-quoted group opined that over the 25 weeks to 22 September trading had been 'challenging' with like-for-like sales falling 0.6 per cent against the same period last. United argued that with the ongoing austerity measures its consumers have 'continued to spend their money cautiously'. The Yorkshire-headquartered company maintained that while it was looking to reduce its store count, it had in fact increased from 14 to 18 over the period. It added that as these new stores are loss making they will have a 'greater adverse impact on group profitability' than if they had continued as franchised stores. Sales of its flooring products were up against last year with United arguing its customers recognise 'The value for money we offer and the opportunity to choose from our extensive ranges.' It argues that its performance 'continues to compare favourably with our nearest retail peers' however its bed division was said to be 'struggling'. Analysts at house broker Seymour Pierce are forecasting profits of £1.1 million (EPS: 0.92p) for the year to March 2012. Shares in United are certainly not volatile, having traded over the last year between a range of 7.25p-9p. Currently trading at 7.38p, valuing the company at £6 million the shares have insufficient volatility and potential upside to warrant a speculative buy rating. A relative minnow in the sector compared to giants such as Carpetright the shares look fairly valued at the current price. Hold.

http://www.growthcompany.co.uk/news/1658558/carpets-still-flying.thtml

SpaceandPeople HOLD 20/09/2011 Miles Nolan Solid trading across all divisions has helped experiential marketing specialist SpaceandPeople (SAL) achieve a swing to the black in the six months to June. The acquisition of Retail Profile (RP), a provider of retail merchandising units (RMUs) has gone well, with its sales function transferred to the new head office site in Glasgow. It has also recently moved into Germany, where it is gaining significant traction. Net revenues for SAL increased by 20% to £4.3m, helping the AIM counter report a profit of £14,000 (2010: £138,000 loss). In the UK, the RP business chipped in an operating profit of £295,000, compared with an operating loss of £125,000 in the same period last year. In Germany, the group now trades in more than 80 venues, but losses expanded slightly due to costs in the first half in anticipation of its traditionally busier second half. From a standing start just two years ago, the operation in India is now the market leader, with 30 staff in eight cities. Even more impressively, it delivered a maiden profit. We highlighted the attractions of SAL in Growth Company Investor in March at 44.5p, so the rerating has been pleasing. The second half is always the stronger period for SAL, and this year will be no exception, with brokers expecting pre-tax profits for 2011 of £1.7m and EPS of 6.4p. Hold.

http://www.growthcompany.co.uk/recommendations/1656393/spaceandpeople.thtml

Regenersis BUY 28/09/2011 Miles Nolan Following our advice last month to buy shares in repair specialist Regenersis (RGS) they have not disappointed, with results ahead of market expectations. Under the successful stewardship of turnaround specialist and chairman Matthew Peacock, the business has undertaken a major strategic review and has identified annual cost savings of £2 million. Restructuring has involved closing its UK and Lille recycling operations, as well as its head office near Oxford. Such moves, together with the loss of a major contract with Hutchison 3G, led to exceptional charges of £4.8m. Stripping this out, in the year to June, sales increased by 6% to £123.8m as operating profits rose 11% to £6.3m. Net debt fell £200,000 to £3.8m, while a new £15m credit banking facility has been secured. Now much more streamlined, Regenersis has established a global sales team to chase large multinational clients. It is particularly focused on emerging markets, where it boosted revenues 35% to £43m, as headline profits surged 36% to £5.1m. It has also secured new business with HTC, 02, RIM (in South Africa) and Nokia. AIM-listed Regenersis has a range of innovative solutions in set-top box repair and repair avoidance. There is also an aftermarket business in cash and cashless payment systems, which in a short space of time has already built up a market-leading position. Speaking to Growth Company Investor, Peacock said, 'The growth in the middle class population in a number of emerging markets should provide plenty of growth.' He also points to the high-margin and cash-generative nature of much of its business, a situation that should allow Regenersis to return to the dividend list before too long. Arden Partners forecasts 2012 pre-tax profits of £7m and EPS of 12.1p. We recommended the shares at 85p so, still trading on a low rating and with management well incentivised to perform, our view remains unchanged. Buy.

http://www.growthcompany.co.uk/recommendations/1658008/regenersis.thtml

WPP (WPP) has established two advertising firms in Ghana, in a joint venture with African marketing group Scangroup. The new companies, Scanad Ghana and Ogilvy Ghana, will take over the operations of two existing companies, and their owner Reginald Laryea will be appointed Chairman of Ogilvy. The move is in line with the media communications group's strategy of investing in fast growing markets and sectors, and its commitment to developing it African business

Brewin Dolphin maintained its "hold" recommendation for Vitec (VTC), with a 560p target price. The broker says that the acquisition of Haigh-Farr for 36 million dollars (23.1 million pounds) will add significant scale to broadcasting and photographic company as it looks to enter the military and aerospace markets. Brewin also sees opportunities for further bolt on-acquisitions, but feels that the share price will be largely controlled by the macro environment in the short term