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In September 2024, Kitwave had a Capital raise at 305p per share. This offer does not even cover what shareholders conrtributed at that stage. Pretty pathetic of the Directors to recommend this offer at 295p/share?

Results show Profits ahead of market expectations, Cash £36M in hand and a strong Balance sheet showing Deep Value. With the 2026 Pipeline in good shape, could not resist my 5th top-up.

GL LTH.

TTG have received an offer which values them at ~£287M. Last year, Volex made an offer of ~£249M. Has Volex lost the opportunity to acquire TTG?

There is such deep value here with current assets exceeding all liabilities, good growth with a double digit target until 2030, and a good dividend. I good not see any downside in the results.

I have taken the opportunity to top up, would have been careless to miss this opportunity.

GL LTHs

In the latest and final copy of Shares magazine:-

"The company’s software is deployed across nearly 200 countries.

Microlise provides a suite of fleet management software to large UK HGV (heavy goods vehicles) fleets, where it has built a

market leading 58% share of fleets with more than 500 vehicles.

Clients include the top 15 food retailers, third party logistics providers like DHL as well as leading original manufacturing equipment makers like JCB." .....

The company has no Debt, has Cash, pays a Dividend and has high gross margins What's not to like? Started a position last week, as a new PI would like to hear LTH latest views.

Conclusion from Shares Mag today:

"Shore Capital forecasts a rise in pre-tax profit to £6.4 million on £44.7 million revenue this year, building to £6.8 million and £47 million respectively in 2026. Based on the broker’s 31.5p earnings estimate for 2026, and a forecast dividend hike to 12.4p, Anpario trades on a forecast price to earnings ratio of 12.1 times.

This represents a significant discount to where it has been historically. It also offers a well-underpinned dividend yield of 3%. We would expect to see a substantive uplift from here, on the basis the company can deliver on its well thought out strategy and continue to surprise to the upside with earnings. First-half results on 10 September offer a potential near-term catalyst."

From Shares Magazine:

"OUR TOP AIM PICKS

Anpario (ANP:AIM)

Price – 425p

Market cap: £86.9 million

Growth investors seeking a quality small cap with a track record of topping analysts’ estimates, positive trading momentum at its heels and offering a progressive dividend should buy Anpario (ANP:AIM)............"

I am new to this share and having invested at 406.5 I would be interested in others' insights.

I asked Polar Holdings if their shares were eligible for IHT relief. An executive has confirmed that is the case so I have doubled my holding in POLR.

"Yes, we do believe that our shares benefit from this relief as we do not consider ourselves an Investment Company (as defined by the legislation), as we are managers of money and do not deal as principal and neither is our business predicated upon taking principal positions in investments; which is the one exception to the rules setting out which AIM companies can benefit from this relief. Although the legal position is that it is not us at Polar Capital who determine whether the HMRC will or will not grant such status. We would expect any holder of our shares to assume that our shares do indeed benefit from this IHT Business Property Relief."

With the Blackrock CEO saying UK shares are undervalued, I feel optimistic that by year-end UK shares will benefit unless Ms Rachel Reeves slaps more tax on AIM shares.

All the best to LTHs.

D220, I have the same plan as you. Do you have any 'eligible for IHT relief' AIM shares in mind?

Best to be prepared early.

If Enquest takeover Serica, we will lose the benefit of IHT relief as Enquest is not a share on the Alternate Investment Market (AIM). Fund managers managing AIM portfolios will have to sell Serica shares as will many SQZ shareholders.

Under Shares Magazine Great Ideas: " Industrial chains business Renold is a lot more exciting than you think

The growth, quality and value on offer here is a rare combination not to be missed."

As a 150 year old company, I have bought as a LTH - it should see me through my lifetime with the benefit of no IHT!

I confess I know nothing about Gaming. However, I looked through the Investor Presentation charts which were very positive showing growth every half year since 2017. More importantly, I reviewed their finances and noted that their current assets exceeded ALL liabilities - there is deep value here. Moreover, they appear to have bags of cash (£30M?).

Seems a no-brainer to me so I marginally topped up.

I reviewed CAML today and was impressed by the Deep Value reflected in the Balance sheet. I increased my holdings earlier today. Copper will be in continuing demand for energy transition (the Grid, EVs, powering the cloud, etc) hence I view CAML as low risk with a good dividend.

"ISE, has acquired or agreed to acquire pursuant to the Offer or otherwise 22.23 per cent. of FireAngel Shares."

22.23% of FA. shares seems that II are not keen on the offer? ISE Require 90% of the voting rights for the takeover.

I don't believe the current offer is a good deal and wonder if there will be a revised offer. Any views?

Thank you. If Serica do respond to my query, I shall confirm it's BPR status.

Perhaps this have been addressed before, can anyone advise if SQZ are free of IHT? While I recognise HMRC has the final say, perhaps someone has the answer?

My investigation implies the company is termed a designated foreign issuer on the Canadian TSX the status of which is unclear for HMRC purposes. Given the ambiguity, I would appreciate any clarification on whether SQZ shares are free of UK IHT after being held for two years. I have written to "info @ Serica but not had a response.

Thanks for any guidance.

Sooner than I expected. Council Planning have approved the plans for the investment property which will now be divested by CML. CML should soon be eligible for IHT relief and will probably be added to IHT portfolios.
Chair's statement in today's RNS:
"This transaction yields funds from an underutilised asset which will benefit the business moving forward. It underpins the Group's well publicised strategy as a pure play semiconductor business with a sole focus on global communications markets."

During the the week I sold Kape and invested in CML. The deciding factor was reviewing the CML Balance sheet. There is clearly deep value here.
In addition, CML is partly IHT qualifying. The reason I say partly is because the Group has an "investment property" the company used to trade from which is surplus to operational requirements. It is held for sale and expected to be divested in the near term. Once that is done it should be fully IHT qualifying making CML eligible for IHT portfolios. With the current significant cash balance further enhanced it will accelerate growth through increased R&D spend and acquisitions.
I don't believe it is speculative, DYOR & GLA.

Share magazine have tipped QXT again. "Revenue rose 31% to $36.5 million and included a 55% improvement in the company’s gaming division."
Their recommendation "More to come. Keep buying."

Why 50% share price upside could be on the cards at Quixant. This is the title of the two page article on Quixant in this weeks Share Magazine.
Recommendation: Buy. implies a 275p share price over the next 12 to 18 months, or 56% upside.