Updates - Indigovision, Avesco and Interior Services Group

A quick update on three shares I hold, and have mentioned recently.

ISG kicked off the week with encouraging news about £100m worth of contract wins in the UK and overseas.

David Lawther, ISG Chief Executive, said:
"We continue to see robust demand for our services from our blue-chip customer base, both in the UK and overseas."

Clients include Heathrow airport and Marks and Spencer.

http://www.isgplc.com/home/default.asp

The shares went ex-dividend this week and have dipped a little, but with good news about economic growth in the UK also announced this week, I am optimistic about future prospects here.

River and Mercantile Asset Management picked up an additional 200,000 shares on Friday to increase their holding to above 5%.

Richard Murray, Avesco's Chairman, continued to increase his holding in the group picking up another 20,000 shares at 159p and 160p. Over the last month or so he has topped up his holding by spending around £125,000. He owns over 20% of the company.

It's worth taking a peek at Creative Technology's facebook page for a glimpse of Avesco's recent contract wins:-

http://www.facebook.com/creativetechnologygroup?sk=wall

Notably there is a Brazilian project mentioned which is important given that Brazil will be hosting the next football World Cup and Olympic games.

No news on the Disney case yet, although this is an interesting article:-

http://www.dailybusinessreview.com/PubArticleDBR.jsp?id=1350208605438&9th_Circuit_airs_arguments_over_game_show_Millionaire_profits&slreturn=20120927041916

It hints that Disney's appeal may not be successful.

However, I'm happy to hold these whatever the outcome. This is a growing company that will be throwing off cash in the future. Avesco has performed exceptionally well despite the less than conducive economic conditions.

Finally, Indigovision's former Chief Executive looks to have finally thrown in the towel and has sold his entire holding. Clearly he no longer harbours ambitions about regaining control of the company, which allows management the opportunity to concentrate on moving the business to the next stage without unwelcome distractions.