Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Thanks for highlighting this, Rivaldo, especially the geothermal. "Further sales have also been made for the supply of equipment into the geothermal energy sector, a key market for Enteq."
One of my earliest individual share buys. Sold out disastrously last July as I don't like carbon burners and had held on only for the geothermal which seemed to have then fallen off the radar. Now it's up about 50% and geothermal is back on the radar!
Time to look at it again.... My heart wants to be in geothermal (and I know no other way), but oh dear, it could be good money after bad. I've come back to previous fails before and if this wins it will be the exception to prove the rule. [I have a much better record through hanging on to my losers and then topping up near the bottom as with Carclo]. However, Rivaldo, you've been right in the past, often, as witness my comments in WIN just this morning. CLX another recent one. Thank you for those.
PS. It could be that the geothermal comment is more advertising than reality as yet: unless I'm missing something there haven't been any contracts, at least recently. But they are watching the way the wind is blowing and wanting to move into the environmental market. Which is good! They do have the tech.
To save time for anyone wondering as I was - from last trading update in Feb:
"The Group expects to commence FY22 with a healthy order book and intends to provide an update on the outlook for FY22 when it announces its preliminary results for FY21 in late May."
Bought last Sept at under 200p (196) so v v happy with 100% gain. Thanks for your analysis Rivaldo, as always!
Sold last week to bring into this year's ISA, but now wondering if after such a rise it's wise to wait. But it looks a great company and long term hold, in a great area. Stocko actually has the Value rating as having risen since I bought in spite of the double, though the yield is down somewhat. JPM seem to think it's worth it!
Any thoughts anyone? You're better than JPM!
...... Just looked back along the beautifully concentrated list of posts on this board. Too good to miss. Back in with the whole lot, not taken any profits. Hope it's wise.
Qd - or QED? :)
Simon Thomson had a target of 165p on this in 2018. He admitted calling it wrong: I wonder what he thinks now? Trouble is I don't think he ever goes back to his mistakes. But the problems of P&R are long gone by the look of it, and the rest of the group was never in trouble. They continue to squeeze their way upwards. May be a better prospect now than ever before. Especially if it's the turn of the main economy for a change.
Apologies for the formatting. It only came out once posted.
I meant to put this up as a new thread, title "What do you think, peoples?" Somehow didn't work.
Anyway this is a concern to me, though we have some time. But, boy, did they mess up the licencing. Glad to be corrected. Very!
Thank you sbury, that's useful about Cleantech.
From what I can see Cleantech has been set up to be the new Diamond Wood??? CEO is almost certainly Chinese. HQ is just 1.5 miles from Accsys, but strangely/murkily it is listed on some unheard of European market: "Cleantech Building Materials Plc acquired Diamond Wood China Limited on 23 December 2016 and on the same day completed its listing on Nasdaq First North, Copenhagen."
A week ago, 31st March, they released this in an RNS: "Cleantech Building Materials PLC (“CBM” or the “Company”) is pleased
to announce the signing of a comprehensive Joint Venture agreement to build
the first Accoya(®) Wood factory in China (the “Agreement”). Under the
terms of the Agreement, a new joint venture company (the “Joint Venture
Company”) will be immediately formed between CBM’s subsidiary, Diamond
Wood China Limited (“Diamond Wood”) and Nantong Acetic Acid Chemical
Company Ltd (“NTAAC”), an international Chinese chemical group, to
construct an Accoya(®) Wood factory with an initial design capacity of
160,000 m(3) and ultimate target annual capacity of 480,000 m(3). The initial
financing is for circa €48,000,000 as set out below.
Under the terms of the Agreement, Diamond Wood and NTAAC have agreed specific
factory-related milestones and equity contributions by each party. Diamond
Wood will contribute €11.2m of equity for a 51% majority shareholding of the
Joint Venture Company with the additional right to receive a royalty income up
to €180,000,000. This equity contribution will be made utilising the
Company’s investment agreement with a private family office which was
announced in July 2019. NTAAC will contribute €10.8m of equity for a 49%
shareholding. Debt financing has been agreed with a leading Chinese bank for
the remaining €26m. The China-based Accoya(®) Wood factory is expected to
be producing its first Accoya(®) Wood at the end of 2022, with sales volume
ramping up in 2023.
Diamond Wood has the exclusive license to produce and market up to 750,000
m(3) annually of Accoya(®) Wood in the Greater China Region from Accsys
Technologies plc (“Accsys”), with a right to sell into other Asian
markets. Accoya(®) Wood supply is currently only available from Accsys’
Titan Wood factory in Arnhem, Netherlands, and is primarily sold as a premium
building material to small construction projects. The new Diamond Wood-NTAAC
Joint Venture plans to industrialise the production of Accoya(®) Wood on a
large scale. By leveraging significantly lower costs in chemical, wood, energy
and other key inputs, the planned China Joint Venture Company will supply
Accoya(®) Wood to high-volume wood-product manufacturers in China and Asia,
which dominate global markets in windows, doors, flooring and outdoor
furniture."
It's a long drop - 37% - since our heady days of last July. To be fair we had risen from the low 40's in just 3 months, Covid fuelled.
Has there been any negative news since then? There's certainly been loads of positive. Love this last one re the TB test: 2 hours to tell them the strain and antibiotic resistances, as well as diagnosis. Great news for the world, as well as us.
"We believe that our new method, which utilises the advanced technologies of Adaltis and, in particular, the NATlab of Ador, will be particularly crucial in preventing the spread of drug-resistant TB strains. We also expect our solution to be more affordable and accessible than those used today. .....
The Stop TB Partnership was established in 2001 to eliminate tuberculosis as a public health problem. It consists of over 1,700 partners in more than 100 countries, including international and technical organisations, government programmes, research and funding agencies, foundations, non-governmental organisations, community groups and members from the private sector. .......
TB is one of the top 10 causes of death worldwide and the leading (non-pandemic) cause from a single infectious agent. Drug-resistance, which can emerge through the prescription of incorrect treatment, and multi-drug resistant TB is an increasing public health issue and a health security threat. In addition, the WHO estimates that three million cases go undiagnosed each year. "
The clinical trials are being fully funded by the Stop TB Partnership, which sounds like the leading world organisation in this area.
TB is one of the top 10 causes of death worldwide.
Drug resistance is a huge problem.
Yes, this is wonderful news.
Can't be bad, can it?
"Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces the signing of an agreement under which Mastercard, a leading innovator and global technology company in the payments industry, will invest $100m in Airtel Mobile Commerce BV ("AMC BV"), a wholly owned subsidiary of Airtel Africa plc (the "Transaction"). AMC BV is currently the holding company for several of Airtel Africa's mobile money operations and is intended to own and operate the mobile money businesses across all of Airtel Africa's fourteen operating countries."
Forgot to mention that at $18.4 million this is the largest contract ever for Cerillion. The previous record was £11.2 million, around $15.4 million, set only last September. That’s a good jump up, though it is over a longer time period. The long time period is good!
This is going places. Record after record.
Great contract - another. Like Cherokee I can't believe this is so quiet. Maybe with P/E at 23 it seems expensive, but it's on the cheap side for its industry, acc Stockop*dia. Stocko ranks companies on Quality, Value and Momentum, and gives a combined rating out of 100. While they recommend combining all 3 factors ['QVR'], actually if you compare QVR with just Q and M the latter does better over the longest time frames they give. I bought after a big intraday jump in September, but I'm still well up.
"This contract, together with a smaller £2.7m extension recently secured with an existing customer in Europe, is anticipated to result in the Company exceeding current management expectations for pre-tax profit in the current financial year ending 30 September 2021.
.... The new customer is the main telecoms provider in its national market, supplying fixed, pre and post-paid mobile, and broadband services to both B2B and B2C customers."
Like it.
Interesting that on Stockopedia IQE is one of only 4 companies that qualify for the Earnings Surprise screen.
"Earnings Surprise Momentum is a momentum investing strategy that was identified in research by academics Narasimhan Jegadeesh and Joshua Livnat in their paper, Revenue Surprises and Stock Returns. It specifically looks for companies that managed to significantly beat earnings and sales forecasts in their previous financial results. These 'earnings surprises' have been found to cause medium term increases in share prices. This is believed to be caused by analysts being slow to revise their forecasts and the market failing to adequately 'price-in' the better than expected results. Jegadeesh and Livnat found that the the top 20% of stocks in terms of upside earnings and sales surprises outperformed the market by 5.3%. They wrote: "Although analysts revise their forecasts of future earnings in response to revenue surprises, they are slow to incorporate fully the information in revenue surprises."
Now you know as much as me! It does sound true to form for IQE.
Given you're not currently a holder then all the more thanks, Gotrader, for your continual constructive and informative comment on IQE. I always look out for your comments.
"Of couse for many this is just covering losses." More or less!
After the huge hopes and then disappointments of yesteryears I think really the only thing that will move this now is real revenue and profit.
"IQE ... is pleased to announce it has achieved key power and reliability milestones for its IQDN-VCSEL™ technology for advanced sensing applications at longer wavelengths (1100-1600 nm) on 150 mm GaAs substrates."
It's hardly catchy, is it?
The average punter - and probably ii - is switched off already, especially given the history. We can't see the vision.
We don't read on to "This has met the development requirements for multiple Tier 1 3D sensing customers."
And: "Because ... it offers a longer wavelength "drop in" solution for IQE's customers, enabling them to use the same equipment and processes that were developed for shorter wavelengths to achieve longer wavelengths."
And: "IQE is currently engaged in customer-funded development programmes with key Tier 1 customers to refine this technology for qualification in future 3D sensing applications. ...
...and our partner engagements are a testament to the potential for this technology for next generation 3D sensing applications."
Even if we get it how many understand what the market is for this? This technology "is a key component of a unique VCSEL portfolio that enables IQE's customers to serve a diverse range of high-volume market opportunities."
Multiple Tier 1 customers [OK, that may just mean >1! But still, 2 or more Tier 1...].
Allows them to use the same equipment for a new category of product. No vast re-tooling costs.
It's customer funded: THEY WANT THIS. Inbuilt market the moment it's ready.
Diverse range of high volume market opportunities.... Big words.
Times past we would have said "Buy, buy, buy!" and it would have lit the blue touch paper. Not so now. Now we need to see the money. Will it come? The info is buried beneath the technobabble, but surely they can't lie in an RNS. The potential is certainly there.
Includes me, though not with a large buy. Didn't invest in this because I'm a long term holder of Tristel, which has been a great share, but with TSTL up and BYOT down I've taken some profits and brought them over. Hospital hygiene hugely important. And all those care homes. great hopes here.
Yes, hoping it's bottomed too. Really can't see why it's so low. Sentiment feeding on sentiment! In a low news period. I wonder if investors in junior miners - or even worse explorers - tend to be risk takers and easily bored, also often put too much in for their situations, get nervous, the price drops and that worries everyone...... The last RNS, "strategic intent", was hardly necessary so I wonder if it was simply to give some encouragement to the waverers in a quiet period.
Thanks for you good info and summary CopperOn.