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Mr. Xiao Gang, CEO of BlueStar commented: "Overall, market conditions remain strongly in our favour and we have a wide range of further opportunities to grow revenues. We are confident with our strategic direction and look forward to continued growth for our business in 2011 and beyond."

OUTLOOK China Security Industry's 12th Five Year Plan was officially approved on 16 March 2011 to achieve the overall goal of doubling production within the security industry by the end of the 12th Five Year Plan, as well as achieving a 20% annual growth rate in the industry in 2015 and reaching gross output of 500 billion yuan per annum.

OVERVIEW Overall trading in the Period has been good and the Company's consolidated revenue and net profit are likely to be up approximately 10% on the previous year's figure. During the Period, the Company won a number of key contracts totaling over RMB 33 million, all of which were recognised as revenue by the Company. The Company also won a framework contract with Shanghai Pudong Development Bank (SPDB). This contract provides the Company with exposure to all SPDB branches within China and has generated revenue of RMB 2.7m for the Company during the Period. The Company's acquisition of Ke'an Yuanjing Technologies Development Co. Ltd for RMB 6.87 million, announced on 18 May 2010, has generated revenue of RMB 10 million during the Period for the Company. At the surveillance command centre with Kaiyuan Company, 500 financial outlets have so far been linked to the centre's services, generating recurring service fees for the Company of RMB 0.81 million over the Period, up from RMB 0.39 million for the year ended 31 March 2010.

http://www.investegate.co.uk/Article.aspx?id=201103310700069042D

Trading at BlueStar SecuTech (BSST) has been good, the provider of digital video surveillance solutions in China announced for the year ended 31st March 2011, with revenue and net profit likely to be up approximately 10% on a year earlier. "Overall, market conditions remain strongly in our favour and we have a wide range of further opportunities to grow revenues," commented chief executive Xiao Gang. "We are confident with our strategic direction and look forward to continued growth for our business in 2011 and beyond." BlueStar shares were unmoved at 21.5p.

Medicsight (MDST), the developer of computer-aided detection and image analysis software for the medical imaging, announced narrowed annual losses, helped by increased sales and lowered expenses, and said it looked forward to achieving further commercial progress in 2011. For the 12-months, the group posted a 41% drop in pre-tax losses to 4.7 million pounds as revenues more than doubled to 0.35 million pounds. Looking ahead, chief executive Allan Rowley said: "We continue to believe that US and Japanese approvals will be forthcoming and accordingly we look forward to launching in those territories." Shares in Medicsight were untouched at 4.125p.

McLaren Software, the engineering document management and control applications subsidiary of IDOX (IDOX), will supply its application software suite to Chevron Corporation to manage the engineering documentation for their natural gas project in Western Australia. Under the 1.4 million dollars (0.87 million pounds) deal, McLaren's Enterprise Engineer will be deployed over four continents to support the Gorgon Project, Australia's largest resources development project. IDOX shares gained 0.375p to 17.875p.

Trading at TUI Travel (TT.) has been in line with expectations, the leisure travel company announced ahead of reporting interim results, despite the political turmoil in north Africa and the Middle East. The FTSE 100 company added that it expected tourists to return to Egypt and Tunisia in greater numbers now that most governments - with the notable exception of Russia - had lifted their advice not to travel to those countries. TUI shares fell 2.3p to 227p.

Compass Group (CPG) announced a "good" start to the year, delivering both strong organic revenue growth and a further improvement in the margin, and said expectations for the full year remain unchanged. The world's biggest caterer by turnover said, including the impact of acquisitions, revenue growth is expected to be around 9.5% for the first half of the year, while organic revenue growth is expected to be around 5.5%. Shares in Compass pushed up 1.5p to 560.5p.

scuby - howdy - no not bought yet but have been reading up on them - thought about it at the 280 ish but lack of funds prevented! pity -

Evolution Securities issued a "buy" rating for Morgan Crucible (MGCR), the industrial components manufacture and supplier, with a 375p target price. The broker believes the group's ambitious target of doubling 2010 pre-tax profit by 2013 is achievable, and, as the rationale and scope become better understood, the stock should start to fully reflect the potential upside. With that said, Evolution thinks the series of presentations that are currently being presented by the firm could act as a "significant" catalyst to drive the stock towards its current price target. Shares in Morgan pushed ahead 4.9p to 296.7p.

Panmure Gordon maintained its "buy" rating for Chesnara (CSN), the life assurance group, with an increased target price of 258p, up from 267p. Reflecting the strengthened position in the UK following the Save & Prosper Insurance acquisition, the broker believes the outlook statement is positive. The management team remains on the lookout for further acquisitions which, if acquired at similar discounts to embedded value as Movestic or S&P, should prove to be very attractive for shareholders, Panmure added. The shares lost 10.5p to 246p.

Arbuthnot reiterated its "strong buy" rating for Northbridge Industrial Services* (NBI) with a 275p target price. The broker notes the group delivered 2010 results in line with expectations and that 2011 has started well. That said, with gross margins up at 62.4% in 2010 and a full-year Tasman contribution in 2011, Arbuthnot said it is happy to maintain its adjusted pre-tax profit forecasts for 2011 and 2012 at 5.4 million pounds and 6.4 million pounds, respectively. Northbridge shares advanced 12.5p to 221p.

GE&CR reiterated its "buy" recommendation for First Artist Corporation* (FAN), the media, events and entertainment management group, with a 65p target price. Following the completion of a fund raising yesterday, which was led by serial entrepreneur Nigel Wray, the research house notes that the company has raised a total of 4 million pounds since February. This, GE&CR added, places the business in a very strong position to re-negotiate its banking facilities and dramatically reduces its interest payments. First Artist shares rose 3.5p to 33.75p.

http://www.investegate.co.uk/Article.aspx?id=201103310700079410D

KCOM cutting debt faster than expected Date: Thursday 31 Mar 2011 LONDON (ShareCast) - Cash is rolling in at Hull-based telecoms group KCOM and debt at the end of March is expected to be below £85m, comfortably below current market expectations. “We have seen incremental growth in the multi-year contracted order backlog within Kcom during the second half of the financial year,” the company said in a short trading statement. ---

Graham Kettleborough, Chief Executive said: 'The key event in 2010 was the acquisition of Save & Prosper. This acquisition, secured at a significant 39% discount to its embedded value, brings an immediate uplift to shareholder value and provides an excellent fit with our existing UK operations. Challenges continue in our Swedish business. However, its relaunch, re-branded as Movestic together with the launch of a number of new product features, fund launches and the capabilities secured from the Aspis transaction are providing encouraging signs with regard to sales. Positive investment market conditions have helped, both in the UK and in Sweden, where funds under management have grown significantly, to support the very welcome improvement in embedded value. On the acquisition front we continue to seek suitable opportunities and will continue to be selective and only pursue opportunities which will deliver an acceptable value uplift and/or support Chesnara's future dividend paying capability. The Board are pleased to recommend an increase in the final dividend to 10.6p per share. This gives rise to a total dividend for the year of 16.4p per share which represents a 2.8% increase.'

Acquisitions fuel strong growth in shareholder value and dividend growth continues 31 March 2011 Chesnara today reported final results for the year ended 31 December 2010. These are the first set of results which include the effect of the acquisition of Save & Prosper Insurance Limited and its subsidiary Save & Prosper Pensions Limited ('Save & Prosper') which was acquired on 20th December 2010. The Group remains committed to offering shareholders an attractive long-term income stream arising from the profits of its life and pensions businesses. Profit on IFRS basis before tax for the year ended 31 December at £34.2m including profit of £15.9m arising from acquisitions, predominantly that of Save & Prosper, (2009: £44.7m, including an acquisition profit of £25.1m) and at £18.3m excluding the profit arising on acquisitions (2009: £19.6m) Earnings per share on IFRS basis of 29.05p, (2009: 45.26p) On EEV basis pre-tax profit for the year of £77.0m including the exceptional profit of £41.0m arising on acquisitions, predominantly that of Save & Prosper, (2009: £78.2m, including an acquisition profit of £54.2m) and £36.0m excluding the exceptional profit arising on acquisitions (2009: £24.0m). Shareholder equity on EEV basis (pre proposed final dividend payment) now £ 354.6m - £3.09p per share (2009: £262.6m - £2.59p per share) Group solvency ratio remains well above target at 200% post dividend (2009: 316%). In the UK, Countrywide Assured's solvency ratio remained strong at 213% (2009: 197%) whilst Save & Prosper had a ratio of 268%. Swedish business solvency ratio also remains above target at 188% (2009: 302%) Completed acquisition of operations and certain assets of Aspis Försäkringar Liv AB ('Aspis'), a relatively small Swedish life and health insurer, in February 2010 Successful re-branding of Swedish business, Moderna, to Movestic with improving sales, however persistency remains challenging Final proposed dividend increased to 10.6p (2009:10.3p). Total dividend for the year increased by 2.8% to 16.4p (2008:15.95p) Board remains confident about future dividend flows Continue to examine value adding acquisition opportunities

http://www.investegate.co.uk/Article.aspx?id=20110331070000PB3DC

S&P boosts Chesnara's NAV Date: Thursday 31 Mar 2011 LONDON (ShareCast) - Life assurance company Chesnara says that the acquisition of Save & Prosper (S&P) has boosted its asset value. S&P was acquired on 20 December but it still made a significant profit contribution and boosted the balance sheet. Chesnara reported an IFRS pre-tax profit of £34.2m, including £15.9m from acquisitions including S&P. In 2009, the reported profit was £44.7m. On an EEV basis the profit was £77m, including a £41m profit from S&P and other acquisitions. That was similar to the £78.2m made in 2009. The total dividend is 3% higher at 16.4p a share. The EEV asset value was £354.6m (309p a share) at the end of 2010. The solvency ratio remains well above target at 200% post dividend. Panmure Gordon has a price target of 285p a share.