Avesco Group Plc (LON:AVS) (AVS, 77.5p, £19.39m), the provider of services to the corporate presentation, entertainment and broadcast market, reports the group is trading in line with market expectations for the year ending September 2011. Stronger cash generation has reduced net debt from £21.1m. The group report revenue growth and the current financial year continues to report growth. The share price has risen by 78% since our buy recommendation in March 2010. The strong balance sheet encourages us to retain our BUY recommendation.
DDD Group Plc (LON:DDD) Group (DDD, 19.5p, £25.68m) has signed a license agreement with Quartics to provide its customers with an active license of DDD's proprietary, and industry-leading, TriDef 2D to 3D conversion algorithm when included with Quartics' Qvu video processing unit (VPU), extending the range of prospective customers beyond those who already have direct licenses with DDD. We reiterate our SPECUALTIVE BUY recommendation.