Member Info for mick-b

Trade the swings m8.

Dropped to 1.05p

now 1.30p bouncing back?

HVIVO (LON:HVO)

Up 6% to 27.75p (£189m) - Trading Update - Paul

hVIVO plc (AIM & Euronext: HVO), the world leader in testing infectious and respiratory disease products using human challenge clinical trials, announces an unaudited trading update for the year ended 31 December 2023.

Revenue up 16% to £56m (slightly ahead of Cavendish previous forecast £55m)

EBITDA margins of c.22% (2022: 18.7%)

Cavendish now forecasts £12.8m adj EBITDA (previously £11.5m), an 11% upgrade today.

This becomes forecast adj PBT of £10.5m (previously £9.2m), a 14% upgrade today.

Adj EPS is increased from 1.3p to 1.5p, a PER of 18.5x - looks very reasonable to me, given the strong growth trajectory.

Outlook - HVO guides £62m revenue for 2024, 11% increase. That looks a fairly soft target, so hopefully can be beaten.

Excellent visibility -

“90% of 2024 revenue guidance already contracted and good visibility into 2025”

“Weighted contracted orderbook of £80 million as at 31 December 2023 (31 December 2022: £76 million)”

“New medium-term target of growing Group revenue to £100m by 2028”

R&D tax credits look a useful contributor to profit -

…the Group also recognised Other Income relating to R&D tax credits of £2.6 million (2022: £2.2 million).

Cash - it gets paid a lot up-front, which is an attractive feature of this share (demonstrating pricing power, and client commitment) -

hVIVO is a highly cash generative business with cash of £37.0 million as at 31 December 2023 (31 December 2022: £28.4 million). This increase in cash generation is due to improved margins and the upfront non-refundable quarantine booking fee from new contracts.

Dividends - it says annual divis will commence, more details to follow.

New premises are coming on stream soon, which should help further growth -

The new facility will substantially boost our revenue potential and should lead to improved operational efficiencies and enhanced margins.

Paul’s opinion - this all reads very well I think. Despite a strong recent surge in share price, I think today’s forecast upgrade (FY 12/2023) and positive outlook makes the valuation still reasonable, and the visibility for 2024 looks excellent, with more earnings beats looking likely.

I’m struggling to think of another company that has established such a superb growth track record, yet is still reasonably priced.

Hence I’m more than happy to retain my positive view of HVO shares. Kicking myself for having got bored and sold mine in 2023, but never mind. Patience is the difficult bit with investing isn’t it, especially when shares are going nowhere for a while despite good news/figures - you start doubting your own judgement I find. We’re always learning!

HVO shares have been volatile in the past, but the hype of the past has now been transformed into very strong fundamentals, so this recent rise seems far better underpinned by reality - which is also reflected i

Crashing ....finally

1.42p

FTSE100 🔺 0.5%

https://www.ig.com/uk/indices/markets-indices/ftse-100

https://www.baha.com/Europe-mixed-in-premarket-with-GDP-in-focus/news/details/61353617?internal=1

TROAJAN

Well done.

I had a feeling you did very well.

Make sure you don't blow it !

TROAJAN

If you were buying around 0.2p, you must be making loads!

OVER 1700 posts already

must be a record?

The recent attack on a US outpost in northeastern Jordan was due to the military's failure to stop an enemy drone that was mistaken for a US drone, officials told the Wall Street Journal on Monday. The attack, which has put US troops on alert, left three soldiers dead.

According to the newspaper, this simultaneous arrival caused confusion, leading to the failure to identify and intercept the hostile drone. The base, known as Tower 22, is strategically located at the juncture of the Jordan, Iraq, and Syria borders. Despite its significance, it was not protected by Patriot missiles at the time of the attack.

So far, officials have not found evidence directly linking Iran to the attack. However, the Biden administration is weighing strikes against militias in Iraq and Syria, as well as within Iran, the officials said.

Baha Breaking News (BBN) / JG

Yes TREK

You're a long time dead.

Could have peaked at 1.50p

now 1.28p

1.40p

buyers pressure with few sellers

One pee!

0.89/0.95

crazy spread

He1 0.87

Hong Kong court orders liquidation of China’s Evergrande

Hong Kong court orders liquidation of China’s Evergrande

FTSE100 🔻0.1%

https://www.ig.com/uk/indices/markets-indices/ftse-100

https://www.baha.com/Europe-lower-premarket-with-GDP-print-in-focus/news/details/61346817?internal=1

RUSSIAN MISSILE ATTACK FOR SECOND DAY RUNNING ON CENTRAL UKRAINIAN CITY OF KREMENCHUK, INDUSTRIAL SITE HIT -REGIONAL GOVERNOR

Fxpo sites acc to wiki

Poltava Mining and Enrichment Complex (1970s), Horishni PlavniYeristovo Mining and Enrichment Complex (2008), Yerystivka village, Kremenchuk Raion (see: Yeristovskoye mine)Belanovo Mining and Enrichment Complex (est. 2009, under construction), Bazaluky village and Nova Haleshchyna, Kremenchuk Raion (see: Belanovskoye mine)

Don't know fxpo sites are affected

(copied from the FXPO chat)

"sidewinder missiles at 2.5m a pop to down a 10k drone! "

no wonder we are broke!!

The British military successfully intercepted a Houthi drone targeting the HMS Diamond warship in the Red Sea, he United Kingdom's Defence Ministry announced.

The ministry confirmed that its forces thwarted the drone attack, emphasizing the vessel's need to defend itself against an "illegal" Houthi assault.

This incident is part of a series of Houthi actions in the Red Sea in their solidarity with the Palestinian branch of Hamas.

Baha Breaking News (BBN) / NL