Assetco Plc (LON:ASTO) (ASTO, 59p, £53.52m) The private leasing operation will be a beneficiary of any industrial action from the fire brigade as they lease big boys toys, including fire-engines. With the old UK Army’s “Green Godess” fleet of ageing fire trucks sold, there is no UK Government owned agency with equipment to lend/lease. We maintain the BUY recommendation with a 90p price target.

Bango (LON:BGO) (BGO, 142.5p, £51.33m) Update on trading since the March year end has warned that it is taking longer than expected to migrate customers from premium messaging to the Bango billing platform – as a result, despite H1 being in-line with expectations the group is warning that results to March 2011 will be below expectations. However the conversion is happening so the group remains confident of a major boost to the 2012 numbers.  There can be no doubt the group is aligned with key players in the market, such as Fox, Turner, Gameloft, EA and RIM.  We believe the short sharp fall reflects the warning and thus at 142p maintain the SPECULATIVE BUY recommendation, last iterated at 82.5p on 16th June.

Brulines Plc (LON:BRU) Group (BRU, 121.0p, £33.92m) The trading statement for the 6 months to 1 October 2010 is disappointing.  Underlying trading is expected to be marginally below management expectations, but in line with the previous year, at c.£2.2m. The core beer monitoring business remains challenging despite the successful roll-out of new products.  Recent acquisitions have extended the offering and allow the company to provide a one stop shop for stock analysis, fuel pump calibration, adjustment & legal verification, audit & compliance, gauging systems, tank lining and contract/project management solutions. The outlook statement is mixed referring to the challenging economic and trading environment. The management team believe the future growth prospects across our Leisure and Fuel Solutions divisions are encouraging. We expect the market to downgrade 2011 PBT and EPS of £5.4m and EPS of 13.5p respectively. The latter encourages us to reduce our recommendation to a HOLD.  

Chamberlin Plc (LON:CMH) (CMH, 81.5p, £6.06m) has won a Castings (LON:CGS) order for a UK based group with global…

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