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Bioquell PLC - 2011 interim results Bioquell PLC (LSE: BQE) - Bioquell PLC (LSE: BQE) - provider of patented, low temperature, environmentally-friendly bio-decontamination technologies to the Healthcare, Life Sciences and Defence sectors; as well as specialist testing and compliance services in the UK via TRaC - announces its interim results for the six months period ended 30 June, 2011. Group financial highlights: § 14% increase in orders in the period to £23.9 million (2010: £21.0 million) § 11% increase in revenues to £20.0 million (2010: £18.0 million) § Substantial (4x) increase in pre-tax profit to £2.0 million (2010: £0.5 million) § Basic earnings per share of 3.5p (2010: 1.0p) § Significant net cash position combined with a strong balance sheet: net cash of £4.6 million (2010: £3.4 million) and net assets of £25.3 million (2010: £22.6 million) Bio-decontamination (Healthcare, Life Sciences, Defence) division: § Orders increased by 17% to £16.7 million (2010: £14.3 million) § Revenues increased by 13% to £13.4 million (2010: £11.9 million) § Seeing good opportunities for further international, organic growth across all three sectors - assisted by the continuing development of new products TRaC (Testing, Regulatory and Compliance) division: § Orders increased by 7% to £7.2 million (2010: £6.7 million) § Revenues increased by 8% to £6.6 million (2010: £6.1 million) § Plans for further expansion of TRaC in the UK - in part driven by its new consulting business (ESQ)

http://www.investegate.co.uk/Article.aspx?id=201108310700112676N

Norseman – results **** poor so why am I buying? You may wonder why our fund has been buying Norseman (NGL) so aggressively when the results out today are to put it frankly **** poor. I am not mad. In case you wondered and in fact I have just bought a shed load more shares for the SF t1ps Gold Fund and here is why. Output last year was below forecast at c50,000 oz and the company reported a loss of $12.9 million. I kind of expected that. The year end was June 30th. Since then mine 3 has come onstream. And we are now told that by Q2 ( ie Oct-Dec) mine 4 will be onstream. So output this year will be what exactly. The management was shooting for 100,000 oz. That may well be achievable. But a minimum of 80,000 oz is on the cards so lets work on a range of 80,000 to 100,000 oz at a cash cost of $900 -$1000 ( it depends on output). Lets go with 2 possible average gold prices – $1500 and $1800 ( although I reckon even $1800 is far too low). On the lower output, higher cost, lower gold price we look at operating cashflow of $40 million. On the higher output so lower cost and higher gold price we are looking at $90 million. Just As a fun game at $2000 gold you are looking at $110 million. The market cap at 29p is c£51 million – call it $80 million. So you get cashflow multiples of 2 ( worst case) down to well under 1. You can do the maths as well as I can: this is what they term a nil brainer. Tom Winnifrith Senior Fund Manager www.t1psim.com

Recently IPOed digital sports media company Perform (PER) reported revenues of 45.1 million pounds for the six months ended 30th June, up 46.8% on 2010 first half performance. However, due to listing expenses of 3.2 million pounds and the acquisition of Goal.com for 0.832 million, the group made a pre-tax loss of 1.8 million pounds, compared to a 6 million pound profit last year. Going forward, Perform has already contracted 90 million pounds of full year revenues and expects to deliver results in-line with expectations. The shares flew 13.7p to 182.7p.

WPP (WPP) has made an offer to buy Asatsu-DK's entire share holding in Japanese advertising company D.A. Consortium for 36,550 yen (289.8 pounds) per share. Asatsu holds 130,176 of D.A.'s 534,400 outstanding shares, of which 40,000 will be bought back by the target, with the remainder going to WPP. Talks are still being held to agree final terms and the media giant hopes to execute a Definitive Agreement by 2nd September. Shares in WPP climbed 14p to 629p.

Michael Page (MPI) remains a "sell" for Merchant Securities, with a target price of 300p. The broker does not believe that rival Adecco will make a bid for the recruitment agency, as it is only targeting small bolt acquisitions of up to 150 million euros (132.5 million pounds), making Robert Walters and Harvey Nash more likely targets. Merchant calculates that the minimum bid for Michael Page would have to be 2.2 billion pounds, 700p per share, and adds that the company's management style is likely to clash with that of any acquirer.

Panmure Gordon reiterated its "buy" recommendation for 888 Holdings (888), with a target price of 51p, ahead of its interim results due on Wednesday 31st August. The gambling group has already reported second quarter revenues of 78.5 million dollars (48.1 million pounds) ahead of the broker's forecast of 63.4 million dollars (38.8 million pounds). Panmure now expects the business to announce a first half EBITDA of 19.1 million dollars (11.7 million pounds), and adds that it has a comfortable cash position of 24 million dollars (14.7 million pounds).

Seymour Pierce upgrades Bunzl from add to buy, target price raised from 775p to 800p.

RBS initiates hold on Eurasian Natural Resources, target price 650p.

Merrill Lynch upgrades Go-Ahead Group from underperform to buy, target price raised from 1500p to 1850p.

Jefferies International upgrades Wolseley from hold to buy, target price from 2120p to 2190p.

Nomura upgrades GKN from reduce to buy, target price raised from 225p to 240p.

Steve yes good potential for 20% here Wotton-under-Edge is a quaint country town at the periphery of the Cotswolds. It is also home to Renishaw, a company making some of the most advanced tools and measuring systems in the world. The stock has lost a third of its value in less than a month, hit by concerns about global economic conditions, prospects for manufacturing worldwide and the impact on Renishaw’s future growth. These fears seem overdone, says the Mail on Sunday.

http://www.investegate.co.uk/Article.aspx?id=201108300920202063N

Evaluation Cineworld performed well in the first half despite its slow start and is well positioned to improve in the second half, with Harry Potter already outstripping the combined performance of the top two films in the first half, and a number of expected blockbusters to follow. We are also encouraged by the company's digital rollout strategy, with 494 of its screens converted to digital projection, of which 400 are 3D enabled. 70% of all screens are expected to be digital by the end of the year, which will reduce costs and improve operational efficiency. Broker Evolution Securities noted that the company's adjusted pre-tax profits were lower than its forecasts, at £12.3 million against an expected £13 million, but that the adjusted earnings per share was 0.6p higher at 7.4p. The broker expects strong revenues in the second half, with more 3D film releases scheduled, which charge a 30% ticket premium. With earnings of 19.1p expected for the full year the shares trade on a reasonable multiple of just over 10 times. Additionally, the expected annual dividend of 11p offers an attractive yield of 5.64%. BUY. Buy Cineworld (CINE) at 194.75p Says The Small Cap Shares Team

INTERIM MANAGEMENT STATEMENT Chemring Group PLC ("Chemring" or "the Group") today issues its Interim Management Statement covering the period from 1 May 2011 to date, as required by Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority. Current Trading Trading for the three month period to the end of July 2011 remained strong, with revenue in the period increasing by 33% to £164 million from £123 million in the same period last year. Without the unfavourable impact of the dollar exchange rate, revenue growth for the three month period on a constant basis would have been 37%. Revenue in the nine month period to the end of July 2011 was £494 million, 30% higher than in the same period in 2010, and 34% higher on a constant dollar exchange rate. With Roke, Mecar and Chemring Detection Systems all fully contributing to the final quarter for the first time, the Board is confident that the outlook for the financial year ending 31 October 2011 remains in line with its previous expectations. The Group's order book is currently £996 million, which is 43% higher than at this time last year. The majority of the Group's business is short-cycle, with most of its contracts covering six to twelve months' duration. The value of the order book remains the most relevant forward-looking indicator and, accordingly, the Board continues to believe that the prospects for the Group for the 2012 financial year are good.

http://www.investegate.co.uk/Article.aspx?id=201108300700201763N

Commenting on today's results, Michael Roney, Chief Executive of Bunzl, said: "In spite of the challenging global marketplace, Bunzl has once again produced another set of strong results. Our resilient business model has delivered improved organic growth and operating margins, while operating results were bolstered by a good level of acquisition activity. Looking forward, we see additional opportunities for continued development both organically and through a promising pipeline of acquisitions which should enable the Group to achieve further growth."

Other highlights include: · Improved organic revenue growth from 1.2% to 3.3% · All business areas show improved operating margins · Group operating margin* up 20 basis points to 6.2% · Significant international acquisition based in the Netherlands and sale of vending business in the UK announced today · Seven acquisitions announced to date in 2011 with committed spend of £123 million adding annualised revenue of over £140 million · Strong track record of dividend growth continues with 13% increase

http://www.investegate.co.uk/Article.aspx?id=201108300700281573N