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Challenging market conditions weighed heavily on Michael Page’s performance during the third quarter of the year. The company’s business in Europe, the Middle East and Africa (EMEA), which represents 39 per cent of its profits, suffered a 16 per cent year-on-year fall in gross profits to 49m pounds, for example. Profitability in the UK and the Americas also dropped sharply. Back in March, Questor advised investors to sell Michael Page shares at 443p because they had rallied by 48 per cent since early December. However, since then, the group’s shares have continued to fall. Michael Page’s management team, led by Mr Ingham and finance director Andrey Bracey, has taken steps to mitigate the tough market conditions. Amongst other things the company has reduced its headcount. Not only this, but the group has moved into new sectors such as technology, property and construction and design over the past year or two to diversify its operations, which should benefit it in the longer term. Overall, the company is well managed with executives that realise the business must evolve in order to grow. This aside, Michael Page is clearly not immune to the broader economic backdrop. For this reason, Questor advises investors to avoid buying shares in the company for now and await firmer signs of growth in the global economy before moving into the recruitment sector.

Incadea Buy 08-Oct-12 £19,324.00 David Cotterell 20,000 @ 96.62p

Synety Group Buy 05-Oct-12 £41,000.00 Simon Cleaver 50,000 @ 82.00p

Redefine International Buy 09-Oct-12 £47,044.40 Gavin R Tipper 180,940 @ 26.00p

Beazley Sell 09-Oct-12 £443,742.51 Andrew Horton 261,025 @ 170.00p

PureCircle Ltd. (DI) Buy 08-Oct-12 £21,350.00 Tan Boon Seng 10,000 @ 213.50p PureCircle Ltd. (DI) Buy 08-Oct-12 £19,350.00 Peter Lai Hock Meng 9,000 @ 215.00p

Abdul-Jaleel Al-Khalifa, the Chief Executive Officer of Dragon Oil, an international oil and gas exploration, development and production company, added 3,527 shares to his stake in the company on Monday. The CEO, who has held the role since 2008, paid 525.09p per share, handing over a total of £18,520, Tuesday's announcement said. The director now holds 8,241 shares in the company.

CEO Mike Riley, said: "The investments we have made in our products, our team and our channel relationships are delivering tangible results. We are pleased with our first half performance, especially given the continuing difficult macroeconomic backdrop. Our pipeline is strong and we remain confident of meeting expectations for the full year."

CONT Sales through the channel grew to 41% of revenues this half-year, reflecting our investment and focus in growing a scalable indirect channel selling standard Endace systems. Gross margins improved to 75.0% (6 months to 30.09.11: 72.6%, year ended 31.03.12: 73.1%) despite the increased channel mix, demonstrating our strong competitive position. As organisations continue their migration to 10+Gbps networking, our systems provide high value-add by solving costly and complex network problems. Against a continuing backdrop of a challenging macroeconomic environment, geographical revenue mix remained broadly unchanged at 60% North America, 30% UK/Europe and 10% Australasia, with particular strength in Government systems sales both in the UK and in North America.

ENDACE LIMITED HALF YEAR TO 30 SEPTEMBER 2012: PERIOD END TRADING UPDATE Endace Limited ("Endace") (AIM: EDA, "the Company"), a world leader in network visibility, response and root cause infrastructure, provides an update on performance for the half-year ended 30 September 2012. Trading Update Revenues for the six months to 30 September 2012 are expected to be approximately US$19.2 million, an increase of 3% against the comparable and high growth period last year. After continued investment in the group's sales and marketing infrastructure to underpin long term growth, the group expects profit before tax, adjusted for share option costs, to be broadly break-even (30.09.11: US$0.2 million profit). Cash balances at the period end were US$4.3 million (30.09.11: US$2.6 million, 31.03.12: US$5.4 million). Endace made strong progress towards our key strategic goals of building standard systems sales, driving up recurring revenue streams, and building our indirect channel. Systems revenues increased by 8%, with annuity revenues increasing 16% against the comparable period last year. DAG card revenue was unchanged, whilst revenues from accessories, non-core special projects and professional services decreased 36% against the comparable period last year.

Network monitoring company Endace (EDA) expects to announce revenues of 19.2 million dollars (12 million pounds) for the six months ended 30th June, up 3% on 2011's comparable period. The group said that it made good progress towards its goal of increasing recurring revenues, which rose 16% year-on-year. The firm noted that its international revenue mix remained unchanged, with 60% coming from North America, 30% from Europe and 10% from Australasia. Endace shares grew by 7.5p to 285p.

coverage dotDigital Group (DOTD) reported revenue growth ahead of market expectations for the year ended 30th June, up by 34% to 12 million pounds, with cash reserves rising to 4 million pounds, from 2.5 million pounds. However, investors were disappointed to hear that the firm expects to see a modest decline in revenue growth for the 2013 financial year as it plans to increase investment in long term growth. The shares dropped by 1.125p to 11.75p.

Outlook The new financial year has seen continued progress. The business has an excellent infrastructure to support our outstanding offering and we look forward to a further period of exciting growth. Geoff Thompson Chief Executive

Commenting on the results, Geoff Thompson, CEO said: "This year has seen exceptional progress for our Company, including our successful listing on AIM in June. We have seen strong growth in our financial performance and continue to add and improve our service offerings. The significant investment we have continually made in infrastructure means that we are well placed to continue to grow and cater for our customers' future needs. "The new financial year has started strongly and the recent acquisition of Clouds is the first step in our strategy of selective acquisitions to complement our organic growth. Our services have never been more relevant as they both save clients' money and help reduce overall energy consumption, and our proposed maiden dividend is evidence of our continued confidence in the future."

Corporate Highlights o Acquisition of Eco Monitoring Utility Systems Limited ("EMU") in January 2012 o Listing on AIM on 12 June 2012 raising £6.9 million (before expenses) o New contracted meters grew to 20,013 at 31 July 2012 from 15,000 at 31 July 2011 o Energy consultancy headcount increased to 181 at 31 July 2012 from 133 at 31 July 2011 Post Period End Highlights · Acquisition of Clouds Environmental Consultancy Limited · Energy saving partnership with City Electrical Factors · Board appointment of Michael Dent from Total Gas & Power as Sales and Marketing Director

Full Year Results for the year ended 31st July 2012 Utilitywise, a leading independent utility cost management consultancy is pleased to announce its full year results for the year ended 31 July 2012. o Proforma revenue increased by 25% to £14.6m (2011: £11.7m) o Proforma EBITDA increased by 25% to £4.7m (2011: £3.7m) o Proforma PBT increased by 23% to £4.3m (2011: £3.5m) o Proforma EPS increased by 39% to 6.4p (2011: 4.6p) o Net cash at the year end of £8.2 million (2011: £0.2m) o Maiden dividend of 1p proposed - ahead of schedule

http://www.investegate.co.uk/Article.aspx?id=201210090701012177O

Utility cost management consultant Utilitywise (UTW) reported proforma pre-tax profit growth of 23% to 4.3 million pounds for the year ended 31st July 2012, on revenues rising 25% to 14.6 million pounds. The group saw the number of contracted meters rise 33.4% to 20,013 and increased its headcount by 48 to 181. Separately, the firm announced that it has appointed Michael Dent as its new Sales and Marketing Director, who joins the company from a similar position at Total Gas & Power. Utilitywise shares swelled by 8p to 86.5p.

Coverage Oil and gas engineering services group Plexus Holdings (POS) said that trading since the end of March has been ahead of expectations, as it saw rising demand for its high pressure/high temperature wellhead products. During the period, the firm continued to expand its business, with more consulting partners to its HGSS subsea wellhead design and securing a licensing agreement with Breda for the supply of equipment. The company now believes that its full year profits will be well ahead of previous consensus forecasts. Plexus shares soared by 22.5p to 172.5p

http://www.investegate.co.uk/Article.aspx?id=201210090700032023O