Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
This update today allows OCT (through GIS) to expand its settlement and trade clearing services to the Far East and not be limited to Western Markets. When you look through the numbers quoted by JG in the RNS, even if we can tap into 0.1% of them values it would be HUGE. We have basically gone global with this RNS and on commencement of operations in Hong Kong. This along with the imminent launch of SynerGIS bonds is leading to a very exciting and prosperous 2019.
DG
Quarterly newsletter from John Gunn announces pre application for the fixed term bonds and hope to make an 'exciting announcement soon'.
'Welcome to SynerGIS Bonds. We’re here to provide an intelligent savings solution with our low-risk investment bonds.
Work continues apace to launch our bonds to the public and we hope to make an exciting announcement soon.
Thursday 2nd August 2018 marked the UK’s first “real” rise in interest rates – from 0.5% to 0.75% - since July 2007 (if we disregard the post-Brexit 0.25% cut which was reversed last November).
The Bank of England Monetary Policy Committee (MPC) voted 9-0 in favour of the move but then came the bad news. All attention turned to the high street banks and building societies to see when they would pass on this on to neglected UK savers.
We are all still waiting. Only a handful of institutions passed this rise on to customers. The importance of new providers for embattled savers is plain to see.
Once Mark Carney had delivered news of the rise, attention turned to whether his tenure would be extended to cover the Brexit transition period where more market volatility is expected. This extension – to January 2020 – was subsequently confirmed by the Bank of England which should give comfort to market participants at a time where historians are marking the 10-year anniversary of the collapse of Lehman Brothers and the domino effect which led to the subsequent nationalisation of many high street banks.
Indeed, market volatility has not dissipated over the summer. Brexit uncertainty is growing, crypto assets continue their slide, oil prices are approaching a four-year high and nervousness over Trump-led trade wars all continue to affect risk assets.
In July, the FCA announced a consultation into all banks providing a Basic Savings Rate in a bid to stop long-term customers being exploited by their provider with interest rates close to zero. We welcome the move for consumers but believe that actively switching to new providers who offer better rates and service is the quickest way to hold traditional high street banks to account.
Lastly, against the backdrop of the recent Dixons Carphone, Superdrug and British Airways data-breaches we are happy to confirm that we recently received our Cyber Essential accreditation from the Government’s National Cyber Security Centre.
We’re FCA regulated and will soon offer fixed rate SynerGIS Bonds which are FSCS backed with an optional ISA wrapper to help save you tax. We are now accepting pre-applications'.
Just read through the Annual Results released on Tuesday. Very impressive to say the least. Not many companies around growing at circa 30% per year and paying solid improving dividends.
Sandy Adam, Executive Chairman of Springfield Properties, said: "In our first full year results since floating on AIM, I am pleased to report another year of strong growth for Springfield. We built more private and affordable homes than in any previous year. We made great progress with the development of our Village sites and we added significantly to our strong land bank, securing future growth. In particular, in the final month of our financial year, we extended our geographic reach with the acquisition of Dawn Homes, who share Springfield's core values of looking after customers and building high-quality homes.
"As we look to the future, I would like to thank those who have enabled us to reach this point. In particular, I would like to thank all of our 593 staff for their hard work and dedication, and I would like to welcome the Dawn Homes team, a strong addition who will ably develop our business in the West of Scotland. Springfield entered the new financial year in a stronger position than at the same point of the previous year. With an established pipeline, strengthened foundations and the long-term drivers showing no sign of abating, the Board is confident of delivering strong growth for full year 2018/19 in line with market expectations."
Aletheia- what are you even on about? Inspirit and OCT cannot ever be compared? Note you have made a account with every post making some silly remark about OCT? Either talk some sense on this board and make relevant insightful posts or go post on some other share.
Very impressive figures- not only for profit growth but cash in bank and promise of future dividends increasing as per business performance. The Synergis bonds will add a further revenue stream. Can only see this going up and up. These results have all been achieved in a environment of a strengthening pound and trading worries with Brexit! A very well ran company which is only going to grow and grow.
I received an e-mail last night from the SynerGIS team providing their quarterly update and confirmation the Bond launch will be 'very soon': 'Welcome to SynerGIS Bonds. We�re here to provide an intelligent savings solution with our low-risk investment bonds. 2018 continues apace and we are working hard to launch our bonds very soon. 2018 so far has seen more of the same from the big banks as they still fail to pass on November�s interest rate rise, with only a handful of challenger banks offering meaningful rates to savers. Even NS&I, the first to pass on the Bank of England�s November rate hike, have this week reduced the returns on their savings bonds. �Open Banking� launched a quiet technological revolution for savers on 13th January but many high-street banks missed the deadline to be ready. Volatility returned with a menace to the stock market in February with a �flash-crash�, reminding those savers tempted into seeking dividend income of the downside risks which come with equity investing. Volatility is not an issue for SynerGIS Bonds. We�re FCA regulated and offer fixed rate bonds which are FSCS backed (up to �50,000), plus an ISA wrapper to help save you tax. We are now accepting pre-applications. John Gunn'
http://www.iii.co.uk/research/LSE:EHG/news/item/2635926/final-results?context=LSE:EHG
Have bought a decent size stake in here and looking to add more in the coming months. Company growing very impressively and IPO funds will only assist this further. The Scottish government have just committed to build 50,000 affordable homes over the coming years which just underpins the potential here with both private and affordable housing arms. Company aiming to deliver 1000 homes per annum (currently 620 at present) and DOUBLE turnover in the next 5 years. Scottish housing minister on site recently and announcement of Dividend due soon. Very excited by this share. DG
Dividend received into my HL account this morning. Straight back into new shares here!!
Very shrewd from JG. Clearly does not wish to part with the shares to buy back at higher levels. Simple.
Still have not received my dividend payment either into my HL ISA.
The market values us at current p/e of around 17 which you could say is high if taking a quick glance. What you are buying here though is potential, year on year growth with now the introduction of a dividend and a positive currency situation with the dollar/pound. A low pound is actually a good thing for GIS/OCT. If the company continues to grow at current levels and the new introduction of the Synergis Bond which will affect earnings/profit from next calendar year. Only way is up from here with a growing market and now expanding internationally. Important thing here is that all growth is organic with no expensive acquisitions/ legacy issues holding us back. This leading to a strong balance sheet allowing for higher dividends or share buy back option. DG
As expected. Ask dropped and in fly the buyers.
This share is one that flies completely under the radar for most private investors. A broker who I even spoke to said the high dividend yield put people off as it was 'to good to be true'. The dividend is covered at least more than 1.5 times paying roughly 8% (10% and higher if you got in a while or go!). Company growing even against backdrop of lower pound. I actually think the company will surprise a lot of people in the coming years once the revenue of new hotels/restaurants comes into play. I also like the fact the company has diversified into different locations making sure they try to pick a further piece of the growing Caribbean tourism trade. Really looking forward to watching this in the coming months/years. DG
This share is a long term proposition. Have been invested since the pre-consolidation period and plan to be still invested in 20 years time. This is not a share that will grow and multi bag in 2-3 months which everyone seems to be looking for in aim these days. I personally think not all good news will come out of the synergis investment proposition. I do think however the clearing/ wealth and fund management arms will grow at rapid pace making the company simplifying its offering. This company will come good longer term but is not the 'rapid growth' share people think it is. DG
Happy with what was released this morning. Solid AIM company making a profit and paying extremely juicy dividends approaching 8-10% depending on your buy in is a rare thing. We have managed to provide a solid base and deliver almost like for like results in a year including the acquisition of Waves Hotel & Spa in Barbados and the management contract that we recently signed on a property in Antigua. Both of which have been confirmed by the Directors to increase not only revenues and profit. Share Price to NAV here is a bargain. Have added to my holding here this morning and will look to stake build further as funds become available. Share de-risking all the time here.
Some very impressive large purchases coming through today. Both Legal and General and Hargeave Hale (as part of their discretionary contracts) taking large chunks. Not only does this reduce total shares in free float meaning easier step ups, they generally show an intention of long term holding which is rarely seen with AIM market shares. Some extremely positive stake building by private individuals also. All coming together nicely.
The Holdings RNS issued 28th October has been seriously underplayed. A serial entrepreneur in the leisure industry behind names such as Pizza Express/ Giraffe and Patessire Valerie has obtained a 10.64% stake in the total voting rights. MASSIVE investment in the context of things. EHG has held up well with strange summer weather in the Caribbean and the strength of the dollar for holiday makers. The board were very positive in their recent trading update and the Dividend on this share is currently one of the best you will find, especially in the AIM/small cap world. Company seriously undervalued against NAV which will continue to be the case with expansion of hotels and actual floor space within on the Island itself. Very interesting for me that they are moving onto the other Caribbean Islands, shows very identifiable expansion policy and one where you can see future growth especially as the Caribbean becomes more accessible for people. Increased my holding here at the end of last week and looking at further top ups going forward. A real long term winner this share IMHO. DG
A lot of buying activity going through this share today. I see Directors wife buying more shares also following directors top ups. Have not bought into this yet but fundamentals look very good net asset value to m/cap is very impressive.
through Hargreaves Lansdown... they are still not quoting a price or seem to offer a value post consolidation. I am able to get a quote through my Minerva SIPP with Investacc Pension Administration (unsure which broker they are using). Is anyone else having a problem trading OCT?