INSIDE THE REPORT

  • Stock recommendations and price targets from top brokerage firms

  • Analysis and views on Metropolitan Police’s Investigation on Email Hacking and Xstrata-Glencore $80bn Merger

  • List of companies earnings which hit and miss the analysts’ expectations

Economic Indicators

  • CIPS U.K. Car Registrations (January)

Corporate Events

  • Allocate Software half yearly results

  • RM preliminary results

  • Randgold Resources Q4 results

Breaking News

  • Service sector growth improved in January: Markit/CIPS

  • Tullow and Govt of Uganda sign production sharing agreements

  • Fuller acquires pubs from Enterprise

  • BT Q3 profits soar

  • Electrocomponents expects solid international growth


THE NEXT TRADING DAY

Economic Events

  • No major events scheduled

Corporate Events

  • Allocate Software, a supplier of workforce and compliance optimization solutions for world-wide organizations will release its half yearly results on 6 February, 2012.

The last year for the Group has been one of considerable success in the face of the largest re-organisation in the NHS. The Group's business has prospered and it has continued to secure new customers in the NHS and elsewhere as well as retaining and growing its existing customers. The markets into which the Group sells around the world show signs of recovery from the recent low points and the Board believes that it is past the worst. The Board is confident that the Group will continue to grow in its principal markets this year. Its growth will be led by not only its new product offerings, both those developed in-house as well as those acquired, but also because of the increased focus on customer satisfaction. The Group has greatly strengthened the management team this year with new heads of Product Development, Marketing and Customer Support each of whom brings over 20 years of success in high tech and leading, multi-national companies. The Group's financial model is now very strong. As at the year end, the Group had over £8m of net cash on the Balance Sheet, recurring revenues continue to rise, now 39% of total revenue affording much greater visibility into future revenue streams, and giving greater assurance as it consider investments both internally and externally. The Group is now in the enviable position of having a great track record of performance, new products and technology to bring to its customers, a rapidly expanding footprint across a broad range of markets and a very secure Balance Sheet. The Board is very confident that Allocate will have a successful year in 2012. Brewin Dolphin expects the Group to post its revenues of £35 and £38.20 million for FY 2012 and FY 2013 with EBITDA of £6.40 and £7.10 million. Pre-tax profits (pre-except) for the periods are expected at £5.90 million and £6.60 million. Profit per share for the periods are expected at 6.80 pence and 7.50 pence.

  • RM, engaged in the supply of educational products and services is scheduled to release its preliminary results for 14 months ending 30 November 2011 on Monday 6 February, 2012.

The Group commented in the half yearly report that operational delivery will be a major focus area for the remaining 8 months of the financial period. The Group's UK and US customers are still reacting to budget and policy changes and it expects challenging market conditions to continue for the foreseeable future. Due to the Group's early action to reduce the cost base, its profit expectations remain in line with the market, despite declining revenues.

The Group continues to invest for growth in Assessment and Data. The division is building an active international pipeline of opportunities and is seeing good growth in the number of long term customers. Underlying service volumes are growing. Singer Capital Markets expects the Group to report revenues of £368 and £347 million for FY 2011 and FY 2012 with EBITDA of £25 and £28 million. Pre-tax profits (pre-except) for the periods are expected at £18 million and £20 million. Profit per share for the periods are expected at 14.20 pence and 16.40 pence.

  • Randgold Resources, engaged in gold mining, exploration and related activities is scheduled to report its fourth quarter results on 6 Feb, 2012.

The Group has again made great progress on all its organic growth projects, and is moving forward on the build-up of the underground mining operation at Loulo. At Tongon, the hard rock crushing circuit has now been commissioned and the connection to the electricity grid is expected before year end. Fourth quarter production is forecasted to be significantly higher than the third quarter, and as such the group remains committed to its previous production guidance of 740000 to 760000 ounces on a consolidated basis. The Group announced in February that preparatory work has been completed at the Kibali gold project in the Democratic Republic of Congo, where first gold production is scheduled at the end of 2013. Randgold Resources, the project manager and operator, and AngloGold Ashanti each has a 45% stake in Kibali with the DRC Parastatal Sokimo owning the balance. The construction crew has started mobilising on site and should be materially staffed up by the end of February. BMO Capital Markets expects the Group to post its revenues of $1,190.20 and $1,574.90 million for FY 2011 and FY 2012 with EBITDA of $624 million and $1,034.90 million. Pre-tax profits (pre-except) for the periods are expected at $ 543.10 million and $947.80 million. Profit per share for the periods are estimated at $7.04 and $7.19.