TLA WORLDWIDE (TLA): TLA is the American business that represents sports stars, negotiating deals on their behalf and taking a cut of their earnings. It is focussed on baseball and, following last year’s merger of Legacy Sports Group with Agency Sports Management it is able to offer a complete service, negotiating players’ salaries and also their off-field endorsements and appearances. The merger has gone well and 2011 results were ahead of forecasts. For 2012 broker Cenkos is forecasting earnings per share of 2.5p, placing the shares on a PE ratio about 9. That looks cheap so BUY UP TO 25p.