Sharegods 2006 nap

SG,From the accounts of Nov 2003 "Keronite Limited, the most mature of all our technologies, continues to sell licences while developing a new generation of high frequency machines using newly manufactured plant to enable the company to coat larger parts. This will be of particular interest to the motor industry where, due to its lightweight properties, magnesium is becoming an increasingly popular material, despite its susceptibility to galvanic corrosion which can be eliminated by the Keronite coating process."
It's got a 12.6% holding in Keronite and I suspect it will retain that.

Keronite Limited 6,047,029 Ordinary 12.6% 604,703 Surface engineering
(light alloys)

I forgot to mention PROV's stake in already floated Hardide as according to the last accounts "Hardide's share price has shown steady growth since its admission to trading on AIM in April 2005 and the Group's stake in that company is currently worth approximately £2.5 million more than its carrying value in the Accounts. This is one of Shares' mag's top tips for 2006.
Prov also has some other irons in the fire. Again from the last report "Over the last two months, there have been substantial fundraisings in Firestop Chemicals and Ultra Motor Company to develop the businesses of those investee companies and Keronite has announced its intention to float on AIM in the early part of 2006."

It's main focus however is on an issue which I think will be big news for 06.

"Proventec is a specialist and innovative provider of steam cleaning and coatings technologies. The Company was formed as a result of the reverse takeover of Magma, a fire retardant coatings business and OspreyDeepClean, a specialist steam cleaning business, by Flintstone Technologies plc in August 2005. Proventec provides solutions to a number of markets including the food retail and preparation market, hospitality industries, and healthcare which includes hospitals and suppliers of hospital equipment, transport infrastructure, construction materials and consumer products. The cleanings solutions are designed to target and combat the spread of common food bacteria and HAI (Hospital Acquired Infections), including MRSA. The coating businesses have an emphasis on preventative environmentally friendly solutions for its clients delivering demonstrable health and/or cost benefits."
Interim results Nov 05
These results heralded its maiden profit.