Member Info for Bazzaman

Nice one

Nice monthly trip to Spain, do you have a place there?

Been in & out a few times with nice profits. Currently up 25%, but expect more over the rest of this year.

Thanks, my first real trip there had 1 night there before passing through so plenty of opportunity this time. Whilst you are reviewing shares in Spain take a look at AMO as well as I'm making a lot of money on them & they still have some more mileage in them. Good luck with BOOM, speculative but should come good for you. BOL.

Enjoy Spain, I'm off to New York on Thursday for 6 days so we'll overlap our return for updates on this site. MOSB go ex-div on Thursday so hoping they recover by the time I return. BOL.

Just seen 'and then there were none' at Richmond theatre. Great Agatha Christie story. Happy with MOSB performance over the past week. I'm hoping TWSP continues to hold up we'll as well. BOL.

Online casino operator 32Red (TTR:AIM) has fallen 4.1% to 62p since we added it as a Play on 26 March as investors got spooked about the possibility of a Labour government cracking down on gambling companies. Now that uncertainty has passed we think the shares will start to rise again. 32Red increased its pre-tax profit by 49% to £3.4 million in 2014 and it is forecast to grow to £4.6 million in 2015, excluding the Italian business. With £7 million of cash and no borrowings, it plans to acquire its weaker rivals who are struggling to cope with the new UK Point of Consumption tax. The group held back on marketing in Italy ahead of regulatory changes introduced at the end of 2014 but it still managed to grow revenue by 74% to £1.1 million. It is ramping up its marketing efforts this year which should lead to further growth. The stock trades on a reasonable forward earnings multiple of 8.8 and pays a dividend of around 4%. Numis’ target price is 90p, implying upside of 45%.

Just over ten months into its financial year and Tristel (TSTL) chief executive Paul Swinney is already certain the group will report record profits of at least £2.5m. The disinfectant product provider’s growth strategy to at least double 2014 revenues of £13.5m in three years is on track. In a trading update, Tristel said sales had been particularly strong in the UK, Germany and Australasia, with Russia the only region to disappoint. Analysts at Equity Development have upgraded their underlying pre-tax profit and earnings per share forecasts for 2016 to £2.5m and 4.36p respectively. IC View: This trading update has set last month’s tip (73.5p, 23 April) off to a flyer, and, at 85p the shares are already up 16 per cent. The PEG ratio is still below one, and at 19 times this year’s forecast earnings – falling to 16 times in 2016 – the shares continue to look attractive. Buy.

Having advised buying Tristel shares at 60p (‘Clean up on superbugs’, 6 May 2014), they duly rose to my upgraded target price of 90p, but I strongly feel a return to 90p and beyond is on the cards if Tristel’s management team continues to deliver on its targeted growth profile. Analyst Keith Redpath at brokerage finnCap has a target price of 85p but views the “risk here to the upside”. Equity Development maintains a fair value target of 100p, and I am inclined to agree with them. Needless to say, I continue to rate Tristel’s shares a buy on a bid-offer spread of 78p to 80p, and have raised my own target price to 100p. If achieved, the cash adjusted PE ratio would still only be 15 for the financial year ending June 2017 based on Tristel delivering EPS of 5.8p and a cash pile of £5.94m, or the equivalent of 14.5p. Buy.

Cambridge-based set-top box (STB) manufacturer and IPTV interface designer Amino Technologies (AMO:AIM) has at last pulled off what could be an inspired acquisition, buying Booxmedia. The target is a Finnish cloud-based TV platform and services supplier and the pair have struck a deal that could rise to €10.6 million with add-ons. Booxmedia was set-up in 2009 by former Nokia (NOK1V:FH) executives after the technology group axed its own IPTV development plans. Buying the company will at a stroke vastly expand Amino’s addressable market beyond its core telecoms and IPTV customers and into the rapidly emerging TV-everywhere space, including content creators, broadcasters and mobile telecoms network operators. ‘Right time, right place,’ concludes Anthony Miller, analyst at the TechMarketViews consultancy and website. The initial deal, on a 5.6 times 2014 revenue multiple, suggests that Amino is buying the company for its valuable intellectual property and proven platform. This could save the Cambridge company millions of pounds in future in-house research and development spending. It also provides a neat solution to Amino’s long-standing issue of how best to use its substantial £20.6 million cash pile.

Maybe, but now it has been at these levels it bodes well for the future.

Results out on 16th June, this should head towards 140 once the results are out IMO.

Up 4.5p to 73.5 now, heading up towards the 80p mark. Looking good.

in the groove

still climbing, 73p

Good trading statement plus nice dividend coming in June should see this push up in coming days.

the 70s, can it stay there?

A strong performance from Entertainment One’s (ETO) television division is a highlight of full-year results, published on 19 May, which reveal a 13% rise in adjusted pre-tax to £88.8 million and a 10% hike in the dividend to 1.1p. Chief financial officer Giles Willits reckons the TV and family divisions – the latter led by Peppa Peg – will continue to grow in the new financial year and for the films unit to return to growth after disappointing box-office numbers in 2014. Peppa Pig will make its debut on Chinese TV this year and there’s a big push on merchandise in the US. While it could be a few years before Peppa toys are sold in China, Willits says Entertainment One has already tied up the trademarks and got the necessary legal paperwork to ensure there’s tight intellectual property protection. This should help stop counterfeit merchandise. The company has branded its film production unit as Entertainment One Features and will increase investment in making its own films by 54% to £40 million, targeting six to eight productions a year. For third party productions, it continues to forge closer relationships with content creators, so that it can avoid competition when acquiring distribution rights. One of our top picks of the year (see Shares, ‘15 for 2015’ portfolio, 23 Dec ‘14), the highly cash-generative business continues to deliver the goods. We remain big fans at 320.7p. (DC)

As anticipated the full-year results from Entertainment One (ETO: 329p), the largest independent film distributor in Canada and the UK, made for a rather good read as my colleague Theron Mohamed rightly explained in his results analysis earlier this week. Interestingly, Entertainment One’s share price is now pressurising the 330p glass ceiling that has arrested progress for the past six months, and it looks only a matter of time before the price breaks above this level and the resistance finally gives way. You could even make the case that a reverse head and shoulders pattern has now formed with the 330p resistance level being the neckline. Moreover, a number of the technical indicators point to an imminent chart break-out. For instance, the 14-day relative strength indicator (RSI) has a reading around 60, so is miles off being in extreme overbought territory which improves the chances of the current rally continuing; the moving average convergence divergence (MACD) momentum oscillator has just given a buy signal; and the share price is not overextended above its 20-day and 50-day exponential moving averages, positioned at 319p and 313p, respectively. Importantly, the fundamentals are just as supportive. The group’s adjusted EPS increased by 12 per cent in the year to March 2015, and analysts expect a similar operational performance this year, as Entertainment reaps the benefit of its increased scale and rising consumer demand for high quality content on a variety of digital media platforms. This market dynamic is playing to Entertainment One's strengths and supports the board’s strategy to double the size of the group within five years. And with the shares priced on 12.5 times earnings estimates, there is a strong argument to be made that this double-digit earnings growth is not yet fully in the price.

TRISTEL, the infection and control focused company which is based on the edge of Newmarket and which I have visited in the past. Although I don’t hold here, I do keep a fairly regular eye on the company which has performed very well over the last couple of years. Releasing a Trading Update to the market this morning the positive trend continues as the company announced that it had traded ahead of its expectations in the first ten months of the current financial year and where it has raised the previous level of the adjusted pre-tax profit forecast. That news saw the shares 8p higher or 10.4%, closing at 85p each and which in turn, saw Broker FinnCap raise its target price to 90p. The Broker had previously pencilled in pre-tax profits of £2.3m, against Tristel’s guidance today of the numbers now coming in at no less than £2.5m. Growth in profit has been impressive representing a 38% improvement on the prior year and where the CEO Paul Swinney talked of sales momentum delivered over the last couple of years continuing along with good control over its cost base. There is only six weeks until Tristel’s year end, so FinnCap, while raising the target price today, will issue an in depth note in due course.