The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Sold most of my ARIX shares at 110.5p at the beginning of the month and the balance today at 103p. No specific concerns about Arix, but I am worried about the risk of a whole market correction if Covid / Brexit / US Election fears take hold. 60% of my portfolio now in cash and I’m comfortable with sitting on that for the moment. May well come back to Arix if I see a good re-entry point over the next few months. GLA.
Added to my MTR holding again this morning. Meant to buy 50,000 but fat fingers and sleepy eyes = bought 5,000 @20.84 by mistake. Hey ho.
Nice spot TF1. They also took up 5,000,000 shares in Tanga Resources (ASX:TRL), at a price of A$0.03 per share for A$150,000. Tanga at 0.055 today and rising so another astute buy.
Surprised to see this go down this week with no news that I can detect to influence the share price. I have added to my holding this morning.
Some may have jumped, but I'm climbing back on board. Bought another 50,000 this morning @21.25.
That would be fine with me - just bought 50k shares back @ 21.3p :-)
Norfolk Canary I’m not bothered by the new director stock options but seeing our team get mugged by Derby at the weekend was a cause of frustration! #OTBC. MTR sliding again at the moment as it tends to do when no news is forthcoming and impatient PI’s sell out.
The big picture remains the same: SFR are developing a major copper region around T3 and A4, copper price forecast looks solid long term, MTR still holding a valuable 2% NSR, and their trading arm continue to make profitable investments to keep the company funded.
I sold 150,000 shares in late Aug / early Sept at the 26 / 27p high and will be looking to buy them back again in this dip.
Cracking set of results. And the acquisition of Pipeworks should give them a great springboard into the US market. Go SUMO!
Welcome PIFace. I also have a fairly large position in mining in Metal Tiger (MTR) as a copper play. But I'm diversifying to take positions in small tech companies who have solid cash position and good growth prospects. SUMO is one and I've also recently bought in to CentralNIC (CNIC) which you may want to take a look at. Let's hope the interims this week show steady progress for SUMO. This is a quiet board for a stock which is "below the radar" at the moment.
This looks a good acquisition long term, but there may be a short term impact on the share price as they look to issue £30 million of new equity to fund the deal. Placing is due on 30th Sept so it will be interesting to see the price set for this.
“ My gut feel is that this could pop back to 100p+ pretty quickly if interim results are good”. For once my gut feel was right :-). Happy to have topped up and to be back in profit on Arix. I will hold as I think this has further to run..
Thanks for posting Rivaldo. I've added to my holding again this morning. The Directors Talk interview with the Zeus Capital Technology Analyst Bob Liao is also pretty bullish - some extracts below. I remain convinced that this dip is a good buying opportunity to get into a well run company with good growth prospects. GLA
Q2: How is that strong topline growth translated into EBITDA growth and cash generation?
A2: We saw an equally strong performance at the EBITDA level, EBITDA increased by 16% on a proforma basis compared with the 18% in the topline and the company achieved this strong growth even whilst investing in a lot of sales and product management and new leadership. We haven’t even started seeing the benefits of that but they’ve made those investments in H1.
In terms of cash generation, the company has been able to convert 138% of EBITDA to cash in the second quarter and that’s a return to very strong cash generation compared to some of the one-off outflows in Q1. The company expects cash conversion to remain at about 100% so all there very solid.
Q3: How have these strong results impacted your outlook on CentralNic Group?
A3: We’re definitely more optimistic, we’re raising our revenue forecast by 7% for the 2020 year, that assumes about 6% proforma growth in H2 which is down from the 18% growth that we just talked about with H1. That’s because the monetisation division and the new products we talked about were already introduced in the second half of 2019 and so the year-on-year comparison are naturally going to be much more difficult. We’re still looking at solid growth and, if anything, my view is that we’re looking at conservative assumption in the second half and if we do see some continued momentum in the business, like we’ve seen in the first half, we could see some further upgrades.
In terms of EBITDA, we’re leaving those estimates unchanged and relatively conservative there as well, we’ve raised our expense forecast to account for some for that increased investment that they’re going to continue into the second half. We’re not factoring in any of the benefits from that so we think we’ve got some potential upside to the numbers we’ve put out there and the prospects for the company, if anything, are looking brighter than ever.
Great set of results. 2H forecasts good. Share price nosedives. AIM market is a mysterious place!
I’ve added to my holding this morning. Good buying opportunity IMO.
Hello all - I've bought in this morning at 86.75p having seen a solid set of results for H1 and expectations for a strong H2 performance. Stop loss @75p and looking to exit at 100p+. This looks to me like a well run outfit with solid financials and undervalued by comparison to other tech companies.
My gut feel is that this could pop back to 100p+ pretty quickly if interim results are good and / or we get some news flow from their investments. I’m tempted to add to my holding and see anything under 80p as a good buying opportunity on Arix.
Next interim results should be due mid September. CAML announced in their last Operational Update that:
"During H1 2020, both the Kounrad facility in Kazakhstan and the Sasa mine in North Macedonia continued to operate with no disruptions to production or sales".
Given that the business appears to be in good shape, I'm hoping that a resumption of dividends is announced at next interims.
Good to see the CEO is buying too...
Keith Neilson, CEO, purchased 7,710 ordinary shares of 1p each at a price of 1,740 pence per Ordinary Share. Mr Neilson also exercised options over 13,383 Ordinary Shares
Bought in today at 1,720 as I like their healthy cash position, business model, growth prospects and that a major proportion of their revenue is visible upfront from repeat subscriptions. I note that they have just abandoned a placing as they lost out on their planned acquisition of Vitalware. That's a setback, but I think this is a good entry point for a medium term hold. Stop loss 1500, looking for an exit point at 2,000.
Bought in today 5549 shares at 180.2p. Why ?
Low-risk business model, strong balance sheet and robust liquidity position.
Global demand for their services remains strong.
Video games market is forecast to grow at 9% CAGR over the next three years
Earnings visibility on contracted development fees for FY20 has increased in the last few weeks to approximately 73%.
Top up time for me too today at 77.6p.