Member Info for MickTKipper

Yes I noted that but the facts are here.....

Trades 191
Vol. Sold 263,270
Sold Value £119.39k
Vol. Bought 322,055
Bought Value £146.05k
PE Ratio -11.338
Earnings -4.00
Dividend 0.00
Yield 0.00%

Extract from Roland Head Cube midcap Daily report May 28, 2020.

PAY Paypoint.

Dividend: PayPoint is not participating in any government support programmes and has not furloughed any staff. So this fabulously cash-generative company is still able to make dividend payments. A final dividend of 15.6p per share has been declared, representing a 34% reduction from the equivalent payout last year.


My view

Last year’s results highlight PayPoint’s profitability. The group’s underlying operating margin was 47% and my sums suggest a return on capital employed of 145%. When combined with a balance sheet that’s largely free of debt, these metrics make for fantastic cash generation.

The risk is that we don’t yet know whether the company will be able to return to this happy state of affairs as the pandemic recedes. However, my view is that the firm should be able to adapt to the decline of cash by becoming the de facto payment services provider for convenience stores and perhaps other retailers.

PayPoint currently has a UK network of 26,800 stores out of a total addressable market of 62,600. I believe this network will continue to have value and am happy to allow newly-confirmed chief executive Nick Wiles to navigate this changing market.

At current levels, I’d guess that the company could offer a dividend yield of 4%-5% going forwards. I think this is could be an attractive entry point and remain happy to hold.

PAYPOINT POSTS RISE IN FY PROFIT, SAYS CURRENT TRADING RESILIENT
(Sharecast News) - Payment services group PayPoint reported a rise in full-year profit and revenue on Thursday, with growth across most business areas.
In the year to the end of March 2020, pre-tax profit increased 3.8% to £56.8m on revenue of £213.3m, up 0.8% on the year.

Revenue in the UK retail services, which now represents 34% of group net revenue, grew by £3.2m during the year, driven by increased service fees from adding more than 3,000 new PayPoint One sites.

The company said its parcel business delivered volume growth of 12.7% as its new partners, particularly eBay and Amazon, were rolled out to more sites within its network and awareness of the service developed.

Meanwhile, UK bill payments and top-ups net revenue "showed continued resilience in the face of the current decline in cash payments in the UK" and the previously announced ending of the British Gas contract.

The company proposed a final dividend of 15.6p a share, down from 23.6p in 2019.

PayPoint said current trading has demonstrated "good resilience" in the bill payments and top-ups businesses. ATMs and parcels have been more severely affected, although card payments have benefitted from increased sales in the convenience sector.

Chief executive Nick Wiles said: "The Covid-19 crisis began to escalate late into our financial year with limited financial impact in the results we are reporting. We took swift action across our business in response to the unfolding crisis.

"The core characteristics of the business remain unchanged, with a strong balance sheet, clear business model, a broad and resilient earnings' base with the opportunity to use technology to adapt our business model and strong cash generation which supports the payment of a dividend."

PAY Paypoint....

Latest broker views

Date Broker Recomm. Current Price Price when issued Old price New price
28 May 20 Liberum Capital Buy 748.00 722.00 800.00 1,000.00
24 Apr 20 Jefferies International Buy 748.00 552.00 1,280.00 800.00
27 Jan 20 Panmure Gordon Buy 748.00 1,014.00 1,257.00 1,263.00

PAY Paypoint.........

Liberum: growth opportunities at PayPoint

Payment company PayPoint (PAY) has matured into a business with ‘exciting growth opportunities’, according to Liberum.

Analyst Joe Brent retained his ‘buy’ recommendation and increased the target price from 800p to £10 on the stock, after full-year results came in ahead of expectations due to management waiving their bonuses and proposing a final dividend.

The shares gained 2.55%, or 18p, to 740p on Thursday.

‘The business model has developed from utility in a mature industry to a retail solutions provider with some exciting growth opportunities and high operational gearing,’ he said.

‘PayPoint trades on a current year 2020 price/earnings of 15x...which is attractive given the cash generation and growth opportunities.’

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All these forecast unemployed joining the dole que, should mean a lot more business for PAY going forward. Yield 2020 8,16%.............and contradicting broker above.......

P/E ratio 2020 11,3x
Yield 2020 8,16%
Sales 2021 106 M
Net income 2021 31,0 M

Net Debt 2021 0,78 M

P/E ratio 2021 10,9x
Yield 2021 4,34%

Bullish update, yesterday.......

https://www.investegate.co.uk/paypoint-plc--pay-/gnw/paypoint-plc--preliminary-results-and-update-on-the-impact-of-covid-19--year-ended-31-march-2020/20200528070000H9581/

Business Summary

PayPoint plc PayPoint plc is a United Kingdom-based holding company. The Company's subsidiaries provide specialist consumer payment, and other services and products, transaction processing and settlement. It offers clients streamlined consumer payment processing and transaction routing in an integrated solution, through MultiPay. MultiPay gives users the flexibility to choose channels depending on their customers' needs, including mobile application, online, text, phone/interactive voice response, cash in-store and cash out. Its platform, PayPoint One, combines PayPoint services, integrated card payments and electronic point of sale (EPoS) all in a device. Its retails payments and services offerings include bill and general (prepaid energy, bills and cash out services); top-ups (mobile, e-money vouchers and lottery), and retail services (payment card, parcels and money transfer). Its mobile and online offerings include parking, permits, tolling, ticketing and bicycle rental transactions.

https://uk.advfn.com/p.php?pid=legacydaily&epic=L^PAY&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES

Gone in and bought Tekmar Group TGP. Got it for 112p Like I said yesterday the volex of the Wind Farm Subsea sector.

Tekmar Group (TGP) fundamentals

Tekmar Group plc is a market-leading technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services. It operates two primary divisions: the Offshore Wind Farm division, which focuses on the provision of subsea protection for power transmission cables from and between offshore wind turbines, and the Subsea division which focuses primarily on the provision of subsea protection for umbilicals and flexible pipes to the oil and gas market. Both divisions are supported by AgileTek which provides subsea analysis, simulation and engineering consultancy services.

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Missed its latest trading update but is seems bullish now compared to the one they put out in December.

Financials

Revenue in the Period is expected to be in line with expectations, showing above 40% growth on the prior financial year. This significant increase in sales has been achieved, despite the lockdown and social distancing measures associated with COVID-19 impacting the Group's activity in the heavily Q4 weighted period.

The Board is also pleased to announce that the Group ended the Period with a record year end Order Book1 of no less than £10 million, up 39% on the prior year end (FY19: £7.2m).

https://www.investegate.co.uk/tekmar-group-plc--tgp-/rns/trading-update/202005050700068861L/

Latest broker views

Date Broker Recomm. Current Price Price when issued Old price New price
15 May 20 Berenberg Buy 110.00 110.00 130.00 130.00

Chart shows its on a solid support line going back to beginning of April.

https://uk.advfn.com/p.php?pid=legacydaily&epic=L^TGP&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES

Citywire

Premier Foods wins from home eating, says Shore

Premier Foods (PFD) is moving ‘into the mainstream’ as the maker of Kipling cakes benefits from the closure of restaurants under Covid-19 restrictions, says Shore Capital.

Analyst Darren Shirley reiterated his ‘buy’ recommendation on the stock, which he said had been ‘operating under the strain of excessive debt’ but is now ‘clearly moving from the investment shadows into the mainstream’.

‘With market-leading UK brands expected to be benefiting from the transfer of calorie consumption into the home and while recent warm/hot weather may have tempered some trading momentum, we remain positive,’ he said.

The analyst’s comment came as the St Albans-based owner of Mr Kipling and Bird’s Custard repaid £80m of loan notes, saving £4m in interest payments and showing proof of its cash-generating powers, the company said.

Shirley added there was ‘potential for material rating expansion’ of the shares, which firmed 1.8%, or 0.8p, to 46p.

https://uk.advfn.com/p.php?pid=legacydaily&epic=L^PFD&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=100&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES

Premier Foods PLC PFD Peel Hunt Buy 46.75 45.20 80.00 - Reiterates........SP target 80p.

Recent market comment........https://www.marketscreener.com/news/Premier-Foods-reports-sales-boost-as-shoppers-stock-up-in-lockdown--30443154/

Lovely move up through the 100 day EMA considered in the business, Very Bullish. I bought first thing, stock is on forward P/E of just 6.8........very cheap.

https://uk.advfn.com/p.php?pid=legacydaily&epic=L^PFD&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=100&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES

CDN Codemasters.........news update below

https://www.investegate.co.uk/codemasters-grp-hldg--cdm-/rns/fast---furious-crossroads-launch-update/202005220700056829N/

Turns out the brokers like the news...........

Codemasters Group Holdings Plc... CDM Shore Capital Buy 312.50 312.50 - - Reiterates

Codemasters Group Holdings Plc... CDM Peel Hunt Buy 312.50 312.50 375.00 - Reiterates SP Target 375p

Codemasters Group Holdings Plc... CDM Liberum Capital Buy 312.50 312.50 370.00 - Reiterates SP target 370p

UDG Broker Forecasts..........

Latest broker views

Date Broker Recomm. Current Price Price when issued Old price New price
22 May 20 Berenberg Buy 692.50 694.00 740.00 880.00
19 May 20 Liberum Capital Buy 692.50 623.50 900.00 -
19 May 20 Peel Hunt Buy 692.50 623.50 1,165.00

UDG Healthcare UDG.. worth a bob or two investment.

UDG valuation is ‘compelling’, says Berenberg

Healthcare packaging company UDG Healthcare (UDG) is trading on a ‘compelling valuation’ for a market leader, says Berenberg.

Analyst Eoghan Read retained his ‘buy’ recommendation and increased his target price from 740p to 880p. The shares rose 1.6% to 692.5p yesterday.

First-half results from the group beat Read’s forecasts by 6% and he said while it had not been immune from the impact of Covid-19, his ‘confidence in the equity story’ had increased thanks to positive momentum, operating resilience, and the ‘long-term structural drivers evident in the market’.

‘UDG remains one of our top picks in our UK mid-cap business services coverage,’ he said. ‘Trading on a 20% discount to long-term average and US peers, we think it now presents a compelling valuation opportunity for a structurally growing and market-leading operator.’

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Lovely uptrend channel on the chart. If it breaks through the ceiling of the channel, next sp target mid term is 730p approx. P/E 19 for 2021, cheap considering the Boom in Bios and health at the moment.

https://content.screencast.com/users/thomaser/folders/Default/media/0e47ae5a-0696-4dc2-bb41-b0f48b3b76a4/udg%202.jpg

Just had a few bob in JUST GROUP.........a bit morbid but with older people suffering more than younger people they are going to need funds in one way or another and the government on evidence seems to have just forgotten them.......well until all the pressure from others at the start of this week. Think about going forward and carehomes are putting up fees hugely.

Just Group describe themselves as per below.


The Group is an established provider of retirement income products and services to individual and corporate clients. We positively disrupt markets where we can become a leader, deliver great outcomes for customers and high-quality returns for shareholders.

https://www.justgroupplc.co.uk/about-us/our-business/what-we-do

https://uk.advfn.com/p.php?pid=legacydaily&epic=L^JUST&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES

new monthly sign-ups in April 2020 increased by 19% to the comparable period in 2019

KAPE..."I'm pleased to report that Kape has made a strong start to 2020, As announced
on 31 March 2020, Kape has experienced increased demand for its products as
working remotely has become commonplace across the globe.

https://www.investegate.co.uk/kape-technologies--kape-/rns/agm-statement/202005210700075401N/

https://uk.advfn.com/p.php?pid=legacydaily&epic=L^KAPE&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES

Greggs Plc : Berenberg raises to buy from hold; raises PT to 1,860p from 1,700p

GRG greggs chart looking very bullish as pointed out this weekend. On a winning streak
and if SP gets to 1900p historical resistance and gets through it, the SP should easily move through the gap to 2000p. And then we would be talking about getting through next resistance level at 2200p. This looks one of the better charts around. Very solid.

https://content.screencast.com/users/thomaser/folders/Default/media/60da2aa4-59e9-4632-b7f4-48e50f956792/grg%203.jpg

Berenberg note details...

Lower cost forecasts: One bright spot is that costs during closure are proving lower than we expected, with virtually all operators (of those that have released public statements on the matter) pointing to rates of monthly cash-burn below our initial expectations. We have reduced cost estimates to reflect this. The UK leisure sector will have also breathed a collective sigh of relief at the Chancellor's announcement that the Coronavirus Job Retention Scheme (the furlough scheme) will be extended to the end of October, removing the risk of a support "cliff edge" in June.

• Key conclusions: Fundamentally, we do not believe an extra month of lost revenue meaningfully changes the value of these businesses, particularly now that most have liquidity to see them through the coming months. Nonetheless, the trading outlook for the next 12 months (at least) is more uncertain than at any time in most of these companies' histories. As a result, our preference is for companies with the best balance sheets, the best brands and the best momentum prior to the pandemic. In our view, they will have opportunities to grow market share even faster over time, as they pick up the pieces from failed competition while the going remains tough.

• Ratings changes: Given our investment preferences, we have upgraded Greggs to Buy. It is a leading brand in the food-to-go sector with a strong balance sheet and it had generated very strong lfl growth for 18 months prior to the pandemic.

Vaccine experts say Moderna didn’t produce data critical to assessing Covid-19 vaccine

https://www.cnbc.com/2020/05/19/experts-say-moderna-didnt-produce-data-critical-to-assessing-vaccine.html

CDM Codemasters,(gaming) a breakout on the chart. Codemasters intends to publish its final results for the year ended 31 March 2020 in June 2020.

https://uk.advfn.com/p.php?pid=legacydaily&epic=L^CDM&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES

Financials for GLO Contour Global.........

Financials

Sales 2020 1 437 M
Net income 2020 83,6 M
Net Debt 2020 3 428 M
P/E ratio 2020 16,6x
Yield 2020 8,35%

Sales 2021 1 505 M
Net income 2021 118 M
Net Debt 2021 3 980 M
P/E ratio 2021 12,4x
Yield 2021 8,96%

Capitalization 1 320 M
EV / Sales 2020 3,30x
EV / Sales 2021 3,52x
Nbr of Employees 1 490
Free-Float 28,0%

What the company does........

ContourGlobal Plc is a United Kingdom-based company that develops, acquires, owns and operates wholesale power generation businesses. The Company is focused on operating thermal and renewable power plants across Europe, Latin America and Africa. The Company’s segment includes Renewable Generation Group and Thermal Generation Group. The Company owns and operates approximately 4,841 MW in 107 thermal and renewable energy power plants in 18 countries and three continents.

Sales per Business

2018 2019 Delta
GBP (in Million) % GBP (in Million) %
Thermal Energy 637.54 67.8% 673.88 64.6% +5.7%
Renewable Energy 302.16 32.2% 368.88 35.4% +22.08%

Sales per region

2018 2019 Delta
GBP (in Million) % GBP (in Million) %
Bulgaria 287.24 30.6% 315.90 30.3% +9.98%
Spain 250.34 26.6% 275.53 26.4% +10.06%
Brazil 122.54 13% 128.79 12.4% +5.1%
Europe 110.62 11.8% 113.74 10.9% +2.82%
Africa 104.02 11.1% 110.13 10.6% +5.88%
South America and Caribbean 64.95 6.9% 98.61 9.5% +51.83%

BRIEF – ContourGlobal Says It Confirms Q1 Dividend Payment Of 4.0591 Cents Per Share
15-05-2020 07:59
May 15 (Reuters) – ContourGlobal PLC :

Contourglobal Plc - Trading Update

Contourglobal Plc - Adjusted Ebitda Up 20% From $144.4 Million To $172.7 Million For Period From 1 January 2020 To 31 March 2020
Contourglobal Plc - Confirm Q1 Dividend Payment Of 4.0591 Cents Per Share
Contourglobal Plc - At This Point, Company Is Experiencing No Material Operational Or Financial Impact As A Result Of Covid-19
Source text for Eikon: ... Further company coverage: GLO.L

(Reuters.Briefs@thomsonreuters.com ;;)

Questor: at a time of imponderables, this utility has more control over its future than most
Questor share tip: ContourGlobal is not too exposed to the economic cycle and can generate plenty of cash – and it yields almost 8pc

By
Russ Mould
19 May 2020 • 6:00am
Stock markets the world over remain on tenterhooks as they assess the pace – and consequences – of governments’ attempts to gently ease the lockdowns imposed on populations to combat the spread of Covid-19.

Investors are also looking at the policies devised by central banks to tackle the outbreak’s economic fallout, and the latest loss of momentum appears to coincide with a slowdown in the rate at which America’s Federal Reserve is adding to its quantitative easing programme.

With so many imponderables, investors must confront the fact that they do not know what is going to happen next – for the simple reason that no one does.

As a result, they must try to focus on what they can control and understand, and one way to do that is to focus on the features of those companies that seem to be doing best during the current difficult circumstances....

https://uk.advfn.com/p.php?pid=legacydaily&epic=L^GLO&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES