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http://www.investegate.co.uk/Article.aspx?id=201107140700093616K

The troubles at Charter International, and last month’s shock profits warning, cast a pall over the engineering sector as analysts feared that they suggested a pending global industrial slowdown. Most engineering bosses said they saw no signs of it. Now Morgan Crucible, which supplies a wide range of industries with materials such as ceramics, has said something similar. The shares still sell on little more than 13 times this year’s earnings, which suggests further progress in due course, says the Times.

Another year or more of dithering in Brussels and then a catastrophic implosion that saw Greece, Ireland and Portugal expelled to set up their own volatile currencies is probably the ideal scenario for Icap, the world’s biggest inter-dealer broker. The shares now sell on below 12 times this year’s profits, a low rate historically, and look set for further advances in due course. Buy for the longer term, says the Times. The Independent also recommends buying the shares. Given its quality, position and record, the 13 times forecast full-year earnings that its shares trade on is undemanding. Some analysts fancy smaller rival Tullett Prebon, trading on just eight times. But then, some pundits fancied David Haye to beat Wladimir Klitschko in their recent boxing match, it says.

ITE organises trade exhibitions for industries such as construction. It is keen to diversify out of the former Soviet Union. The price being paid for the owner of the imaginatively titled TurkeyBuild is £16.3 million for 60 per cent, dependent on performance, with the option of buying the rest in due course, or about eight times’ earnings. ITE is keen to look further afield, probably into South-East Asia. For now the shares sell on about 14 times’ this year’s earnings, a bit of a premium to the sector. Hold, says the Times.

Financial Review At last year's AGM, the Board referenced the need to address the Group's capital structure. A debt restructuring was announced in early January. Newsworthie will require further investment in order to capitalise on its significant growth prospects. To date, investment has been funded by profits from Everneo and good progress has been made in establishing the business model, putting in place a strong team, and winning a very significant first contract. Further investment in Newsworthie, as well as debt capital repayment requirements now presents a challenge for the Group and the Board is actively engaged in addressing this. Board Appointment To strengthen the management team in anticipation of growth, the Board is pleased to announce the appointment of Joe Morley as a director and the Group's Chief Operating Officer. Joe will also take on the role as Managing Director of Newsworthie. Joe has worked with Zamano for the past year, and was instrumental in the re-structuring which optimised the cost base of Everneo and ZSL, and has also led Newsworthie through its early development phase. In relation to the appointment of Mr. Morley to the Board of Directors, Zamano confirms that there is nothing further to disclose in relation to his appointment under Schedule Two, paragraph (g) of the AIM Rules for Companies, save as disclosed below: Full name: Joseph Matthew Morley Age: 40 In addition to his directorship of the Company, Mr. Morley, or has been, a director or partner of the following companies or partnerships, in the previous five years:

Interim Management Statement - Zamano AGM Dublin, 14th July 2011: zamano PLC, a leading provider of interactive web and mobile services , has today issued the following Interim Management Statement in conjunction with the Group's Annual General Meeting which is being held today. Business Performance The Group is pleased to report good progress over the past twelve months with improvements in gross profit and EBITDA evident in H1 2011, while net debt is approximately €3.4 million. Revenues declined 10% against H2 2010 as a result of a restructuring of the Group's business units, while cost structures were also optimised. Investment in extending routes to market in Ireland, UK, Spain and USA is ongoing, and the Board expects revenue growth to resume in Q4. Group Structure The Group is now structured as three business divisions; Everneo, Zamano Solutions Ltd (ZSL) and Newsworthie. Everneo is the Group's largest division, and is focused on selling mobile content and interactive services to consumers in 4 territories (Ireland, UK, Spain and USA), while ZSL provides messaging services to businesses in Ireland and the UK. Newsworthie is a new business which works with newspapers to monetise online content by optimising that content to facilitate a more targeted and results-linked advertising proposition.

http://www.investegate.co.uk/Article.aspx?id=201107140700103629K

Julian Turner, Chief Executive of Electric Word, commented: "Despite a tough market environment in Education, which remains our largest sector, the Group has continued to develop and invest in 2011. We see a lot of opportunity for providing professional development support in the Health sector and are pleased with the initial positions we have acquired. The process of building on the strengths of both businesses and adding new organic investment initiatives has already started. In this investment period we are benefitting greatly from the continuing strength and growth of the Business Information division which has performed well across both the business of sport and online gaming. Current trading is in line with the Board's expectations. This is however against a back drop of a tough macro market and sales in education remain hard work. Business Information continues to trade very well, although it will not cover a further shortfall in education if that revenue drops further. The Group's focus in the second half will continue to be on the ongoing investment in product and online development and Group infrastructure, together with appropriate actions to protect profits. The next few years promise growth opportunities in the Group's chosen markets and the Board fully expects Electric Word to make the most of those opportunities from the foundation provided by its established market positions and valuable publishing assets."

Key Operational Points · Education spending has been slow from Q4 2010 as schools budget conservatively but medium-term growth opportunities coming into focus, with new higher-value online service planned for launch in January 2012 · Acquisition of Radcliffe saw Group enter the health sector - Integration going well and bolstered by acquisition of HR software provider Ikonami in April 2011 · First health sector conferences marketed and training course programme significantly increased · Contract buy-out of iGaming partner meeting expectations and Business Information division continues to perform strongly · Continued investment in digital product and other areas of growth · Current trading in line with Board's expectations for 2011 · Future opportunities for organic and acquired growth

Electric Word, the specialist information publisher, announced today interim results for the six months ended 31 May 2011. Key Financial Points · Revenue of £7.7m down 6%, as expected with growth in Business Information division mitigating slow sales in Education sector · Business Information division shows profit growth of 84% (25% organic, 59% acquired) from £0.4m to £0.7m · Adjusted profit before tax* of £0.5m (May 2010: £0.9m) after reduction in high-margin education conference delegate revenue and continued investment in product and online development · New health sector profitable in first period and performing to expectations · Continued cash generation from operations despite acquisition costs and reducing payables by over £0.5m since year end · Net debt† remains low at £0.8m (May 2010: £0.5m)

http://www.investegate.co.uk/Article.aspx?id=201107140700103640K

All good but again this needs to generate sales - get to work peeps!

Commenting on these announcements, Graham Lay, Chief Executive Officer of 3D Diagnostic Imaging, said: "Closing these distribution agreements is excellent news for the business. While we will continue to grow our distribution network, the focus of the business now moves to ensuring that we adequately support the training and in-service support needed as we work to initiate and grow sales in all territories."

CarieScan strengthens global footprint with the appointment of distribution partners in Australia, South Africa and South East Asia 3D is delighted to announce that its subsidiary CarieScan Limited ("CarieScan"), a leading provider of integrated caries management support systems, has expanded into a further three key territories with the appointment of distribution partners in Australia, South Africa and South East Asia. This opens up a market of potentially 60,000 dental practioners. CarieScan's integrated Caries Management Support System ("CMSS") comprises the CarieScan PRO, a handheld device for the early detection of tooth decay, and RemoteView, a software package which captures data gathered by the CarieScan PRO for instant display on a PC screen and for recall at a later date, allowing monitoring of the progression or regression of disease. The CMSS enables the comprehensive monitoring of tooth decay and the efficacy of the treatment being applied to treat the condition. The Directors believe the system to be the world's first integrated caries management system.

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Commenting on the proposals, Mike Davies, the Chairman of Pendragon, said: "Today's announcement marks an important step in the evolution of Pendragon. These proposals recapitalise the Group, providing it with greater strength and flexibility. We are now better placed to pursue our clear strategy and implement our operational initiatives, which we believe will create further value for shareholders. We are pleased to see the encouraging performance of the Company in 2010 has continued into the first five months of 2011, despite a challenging economic environment. Overall, Pendragon is performing in line with the Board's expectations for the full year."

Pension Deficit Reduction Plan · A new Pension Deficit Reduction Plan has been agreed with the pension trustees, which will unlock aggregate cash flow savings of £46 million in the period to December 2014. · Annual updates have been produced by the Scheme Actuary for the six defined benefit schemes (the "Pension Schemes") operated by Pendragon as at April 2011. These show a significant reduction in the combined deficit since April 2010 (from £97 million to £40 million as at April 2011). · Under the Pension Deficit Reduction Plan, the Group will provide the Pension Schemes with an investment which generates a predictable property asset-backed income for the Pension Schemes. · It is estimated that the current pensions deficit of £40 million will be eliminated by cash contributions made from April 2011 to July 2011 and by the Pension Deficit Reduction Plan. · The new arrangements will therefore enable the Group to benefit from lower annual cash contributions than the present arrangements (for example, a reduction in the scheduled payment in 2012 from £18.5 million to £2.5 million).

Rights Issue · 9 for 8 Rights Issue of 751,577,623 New Ordinary Shares at an issue price of 10 pence per share: · Represents a 35.6 per cent discount to the theoretical ex-rights price and a discount of 54.0 per cent. to the Closing Price of an Existing Ordinary Share of 21.75 pence on 13 July 2011 (being the latest practicable date prior to the date of this announcement). · The New Ordinary Shares to be issued will represent approximately 52.9 per cent. of the Enlarged Share Capital following the Rights Issue. · The proceeds of the Rights Issue will allow the Group to improve its level of financial indebtedness towards the previously stated long-term Debt: Underlying EBITDA ratio target of 2:1, which the Directors believe will constitute an immediate and long-term benefit to Pendragon. As a result of the transactions announced today, the Company has set a new Debt: Underlying EBITDA target of below 1.5:1. · It should be possible for the Company to resume paying dividends in relation to its 2012 financial year onwards, which is earlier than would otherwise have been the case. · The Rights Issue is unanimously supported by the Directors. · The Rights Issue is subject to approval by the Company's Shareholders at the General Meeting.

Proposed Rights Issue and refinancing of banking facilities, pension transaction and trading update The Board of Pendragon PLC ("Pendragon", the "Company" or the "Group") today announces a proposed fully underwritten Rights Issue (the "Rights Issue") to raise gross proceeds of approximately £75.2 million (approximately £70.8 million net of expenses). In addition, the Board today announces that it has agreed to extend the maturity profile of its borrowing facilities to June 2014, on improved terms, conditional on the receipt by the Lending Group of the proceeds of the Rights Issue (the "Revised Facilities"). Further, the Group is giving a market update which includes a pension transaction which will eliminate the current pension deficit and significantly reduce cash outflow during the next three years (the "Pension Deficit Reduction Plan"). Highlights · Recapitalisation of the Group through a fully underwritten Rights Issue to raise gross proceeds of approximately £75.2 million (approximately £70.8 million net of expenses). · Trading and outlook for the year is in line with the Board's expectations. · The Revised Facilities extend the maturity profile of the Group's borrowing facilities to June 2014, on improved terms, conditional on the receipt by the Lending Group of the proceeds of the Rights Issue. · The current pension deficit will be eliminated through the Pension Deficit Reduction Plan which is a property-backed transaction that reduces cash outflow by £46 million up to December 2014.

http://www.investegate.co.uk/Article.aspx?id=201107140700113656K