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Proposed PNG legislation not expected to impact Allied Gold Allied Gold notes recent press speculation on possible future changes to Papua New Guinea's (PNG) resources and minerals legislation. Allied Gold has been advised by the PNG Chamber of Mines that any potential changes to PNG's resources and minerals legislation would be in respect of new rather than existing projects. Allied Gold also believes its position with regard to licences and tenure is no different to other major gold and resource companies in PNG including Newcrest, Xstrata, Oil Search or Chevron. The Company remains committed to the ongoing development of the Simberi gold project. The rights of landowners in PNG have always been well respected by Allied Gold's Simberi operation and are recognised through the distribution of Royalty payments. With regard to gold production at Simberi, output remains on track (despite unseasonably wet conditions) and the Company expects to meet its guidance of 16,000 to 18,000 ounces for the current quarter. At the Company's newly commissioned Gold Ridge mine in the Solomon Islands ramp up is continuing. So far this quarter since 1 July, Gold Ridge has produced in excess of 11,000 ounces and the Company expects to meet its guidance of 15,000 to 20,000 ounces for the September quarter.

http://www.investegate.co.uk/Article.aspx?id=201108240700139322M

Revenues at Densitron Technologies (DSN) increased 31% to 11.3 million for the first six months of 2011, while pre-tax profits increased 400% to 500,000 pounds following a strong order book and significant growth in its Asian arm. Sales in Europe and the US, its main channels of custom, also continued to perform positively. Additionally, the manufacturer of electronic displays announced a special dividend of 5p following the disposal of Evervision

Shore Capital kept its "buy" recommendation for New Britain Palm Oil (NBPO) with a 815p target price, ahead of interim results which will be released on 26th August. The broker expects the palm oil and cattle rancher to report sales of $395.1 million (239.03 million pounds) and an underlying pre-tax profit of $140.9 million (85.24 million pounds). Including the sale of its position in the Dami Mas Sejahtera joint venture would beef up profits to $149.8 million (90.63 million pounds). Shore Capital adds that the group has strong growth prospects in the medium-term with increased demand due to the health benefits of palm oil

Corin (CRG) remains a "hold" for Brewin Dolphin, after the medical technology group reported weaker than expected interim results, with year-on-year EBIT down 40% at 0.5 million pounds. As a result, the broker does not expect the company to meet its previous full year pre-tax profits forecast of 2.5 million pounds. While the firm continues to diversify its business and US sales grew by 93% in the first half, Brewin believes the results demonstrate weakness in its core UK and Germany markets, as demand continues to slow.

Pendragon (PDG) retained its "buy" rating from Panmure Gordon, but with a reduced target price of 12p, from 19p, after the franchised car dealership reported lower than expected profits before tax of 17.7 million pounds, against the broker's forecast of 18.8 million pounds, for the first half of the financial year. Panmure maintains its 2011 full year expectations, but has lowered 2012 estimates from 42.7 million pounds to 39 million pounds in pre-tax profits, anticipating more challenging market conditions.

Matrix reiterated its "buy" recommendation for Segro (SGRO) with a target price of 320p. The property company reported first half results slightly ahead of the broker's expectations, and with the shares trading at a 37% discount to NAV, with a 6.2% prospective dividend yield following the recent stock market weakness, Matrix sees this as an inviting opportunity. The broker also notes that the group has reduced vacancy rates to 11.4%, from 12% at December 2010, and 75% of its development programme is pre-let.

CONT Following the two fatalities we had in July we have put even greater emphasis on managing the risks associated with tectonic stress releases in our operations, taking further precautions through the application of even more rigorous safety criteria to minimise the human impact of these incidents. From April this year we have priced all our coking coal sales on a quarterly basis, and our contracted prices are in line with international prices both for hard and semi-soft coking coal. We remain on track to achieve our overall production and sales targets for the year. We are also on track to deliver our production and sales targets for our coke business, cementing our position in the European foundry coke market. However, given recent market turmoil and the uncertain macroeconomic environment, especially in Europe, we are cautious on the short-term outlook. Although we have seen no concrete evidence of a slowdown in our regional market to date, we believe there is a risk of near term volatility in prices and 2012 volumes. We will continue to monitor markets closely but we remain optimistic about the long-term outlook for the region. Increased profitability and positive free cash flow has resulted in our decision to declare a dividend of EUR 0.16 per A share in line with NWR's dividend policy to pay out 50% of consolidated net income over the business cycle. In June, NWR's Board of Directors gave its final approval for our Polish development project Debiensko. This is the largest and most important growth project in our pipeline, and will open a deposit of 190 million tonnes of predominantly hard coking coal. We expect to break ground later this year and commence production from the new mine in 2017. Expected annual output of 2 million tonnes will be a significant add-on to our current production of approximately 11 million tonnes per year. Finally, NWR is now part of the FTSE 250 and FTSE 350 Mining indices, following completion of our reincorporation in the United Kingdom. We continue to believe this will be a positive, long-term step for our investors, improving the liquidity of our stock." Mike Salamon, Executive Chairman of NWR

Chairman's statement "The results for the first six months of this year show significant improvement year on year, with 17% growth in revenues and 48% growth in EBITDA reflecting the strong global pricing environment and robust demand from steel consuming industries in the Central European region. However, this is only part of the overall picture. The successful efficiency and productivity drives we have achieved through our POP 2010 investment programme and other operational initiatives are enabling us to mitigate some of the impacts of input cost inflation. Safety remains our key priority, especially as we mine in some of the most demanding conditions in the world. Our Lost Time Injury Frequency Rate ('LTIFR') further improved in the first half of this year to less than eight reportable injuries per million hours worked. This is thanks to major investments in new equipment and safety training, in conjunction with a great deal of dedication and skill from all of our employees. Tragically, despite this improvement, four of our colleagues lost their lives at work this year. This is a stark reminder that deep underground mining is hazardous and hence requires our constant vigilance.

New World Resources Unaudited results for the six-month period ended 30 June 2011 New World Resources Plc ('NWR' or the 'Company') today announced its financial results for the six-month period ended 30 June 2011. Highlights - Consolidated revenues* of EUR 840 million, up 17% - EBITDA1 of EUR 250 million, up 48% - Profit before tax of EUR 120 million1, up 12% - Underlying net profit† up 569% - Basic EPS of EUR 0.32 - Mining unit cash costs under control, up 6% on a constant currency basis; coking unit cash costs down 12%, on a constant currency basis - Strong operating cash flow of EUR 121 million, up 59% - Interim dividend of EUR 0.16 declared - Continued improvement in safety with mining LTIFR‡ down 8% to 7.94 - Coal production of 5,832kt, and external sales of 5,403kt - Coke production of 400kt, and external sales of 321kt - Coking coal and coke average prices for Q3 2011 agreed at EUR 192/t and EUR 378/t, respectively - Debiensko project receives final Board approval - Inclusion in the FTSE 250 and FTSE 350 Mining indices as of June 2011 - On track to deliver FY 2011 overall production and sales targets

http://www.investegate.co.uk/Article.aspx?id=201108240706059175M

Commenting on today's results, Colin Day, Chief Executive said: "The Company delivered strong half year results, reflecting the quality of its market positions and the cash generative business models in all divisions. The results have been further supported by ongoing investment in the business and by new developments, underscoring thecommitment to be an innovation-leading supplier to our customers. Whilst mindful of the current economic uncertainty, given the current platform and momentum in the business, combined with an accelerated drive on balanced growth across all divisions, the Company is well positioned for continued positive development through the second half of 2011 and into the next financial year."

STRONG, BALANCED GROWTH ACHIEVED IN HY 2011 WELL POSITIONED FOR CONTINUED DEVELOPMENT HY 2011 highlights: · Revenue up 10% (constant FX), with strong performances from all divisions. · Operating profit1 up 12% (constant FX). · Operating margin1 up 30bps (constant FX) to 16.2%, level at actual FX. · Adjusted EPS up 18% (constant FX) to 13.0p. · Working capital improvement: 14.9% of revenue, down 210bps. · Strong operating cash flow of £43.1m, up 72%, with net debt reduced to £81.5m (FY 2010: £90.8m). · 10% increase in the interim dividend, to 3.3p per share.

http://www.investegate.co.uk/Article.aspx?id=201108240700089085M

Commenting on the acquisition, Colin Day, Chief Executive of Filtrona, said: "The acquisition of Reid Supply is an excellent addition to the PFP division. The business has a long standing reputation for high service levels with a broad and complementary range. These products will significantly enhance PFP's offering both in the US and Europe, with Reid Supply's customers also gaining access to PFP's US distribution network and product range. This acquisition demonstrates Filtrona's commitment to identifying quality acquisitions where it can leverage its commercial model and global infrastructure to achieve faster growth."

Filtrona plc Acquisition of Reid Supply Filtrona plc ('Filtrona') announces that it has signed an agreement for the acquisition of the assets and business of Reid Supply Company ("Reid Supply") for a cash consideration of up to US Dollar 32 million, subject to customary adjustments. US Dollar 30 million is payable on completion, with the balance deferred and subject to the achievement of performance targets for the period ending 31 December 2012. Completion is subject to certain administrative conditions and is anticipated within three weeks. Reid Supply, based in Muskegon, Michigan, is a leading distributor of standard industrial components, including hardware, handles, clamps and fasteners, to a vast range of markets and customers via a catalogue. The business is highly complementary to Filtrona's Protection & Finishing Products ("PFP") division.

http://www.investegate.co.uk/Article.aspx?id=201108240700199104M

http://www.investegate.co.uk/Article.aspx?id=201108240700199124M

Graham Stewart, Chief Executive of Faroe Petroleum plc, commented: "We are very pleased with the positive outcome of this frontier West of Shetlands exploration well. To announce a discovery in our first operated well is a significant achievement for Faroe Petroleum and is a realisation of the team's vision and ability. Further work will be conducted in the coming weeks to gain a deeper understanding of the structure and its contents. With better than expected reservoir quality and good indications of mobile oil, we believe there is potential for a commercial field development, most likely in combination with our nearby Freya discovery. "Faroe Petroleum applied for and won this licence, which also contains the Freya discovery to the south, in the 22nd UK Licensing Round in 2005, and has worked continuously to de-risk this opportunity. This important new Fulla discovery is a great testament to the diligence and skill of our technical team. "We look forward to three further exploration and appraisal wells to be drilled in Norway this year. The Butch well (exploration) with Centrica as operator is currently drilling, and we have two further wells, T-Rex (appraisal) and Kalvklumpen (exploration) planned to commence in the coming months. "

Faroe Petroleum plc ("Faroe" or the "Company") Fulla Oil Discovery, West of Shetlands Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway, is pleased to announce an oil discovery in its first operated exploration well on the Fulla prospect in the west of Shetland (Faroe Petroleum 50% and operator). Highlights * The 206/5a-3 exploration well discovers oil in the Fulla prospect * The well penetrated a gross oil column in the well of 133 feet and a net oil column of 45 ft. Reservoir quality is better than expected. * The oil has been sampled and details of the oil quality will be confirmed by further analysis conducted in the onshore laboratory. * Faroe's first operated exploration well has been successfully drilled in accordance with UK's HSE guidelines.