Member Info for RedNinja

Onward-Opportunities-Factsheet-June-2025

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/hxxps://onwardopportunities.co.uk/wp-content/uploads/2025/07/Onward-Opportunities-Factsheet-June-2025-Update.pdf

"PEBBLE BEACH SYSTEMS (PEB LN) NURSERY HOLDING UPDATE We were delighted to see the Board of Pebble Beach Systems answer our questions on uses of its material cash flows with an announcement this year that the company will be pivoting to a simplified lower capex, lower cost, higher shareholder returns mindset now that the investment in the PRIMA platform is complete. The Manager and many more prestigious investors have had past success with ‘cigar butt’ investments and we believe Pebble’s >20% FCF yield, 3.4x EBITDA valuation can offer such an opportunity. Such a cash flow, which is driven by a c.30% EBITDA margin, is now surplus and might even be improved upon through further operational rationalisation. The business has market leading contracts and relationships with the likes of Amazon prime, Al Jazeera and NVIDIA that give us confidence in the longevity of the annuity streams it can now offer and we have been encouraged by the director buying since the start of the year. Source: Refintiv as at 30.06.2025"

I believe this has been discussed on ADVFN. PEB said about PRIMA :-

"MARKET OPPORTUNITY AND PRODUCT DEVELOPMENT ROADMAP

"In 2024, Pebble introduced a new technology platform PRIMA (Platform for Real-time Integrated Media Applications). Notwithstanding excellent industry interest in the product following its launch, it was apparent that this interest was not translating into orders as the industry remained cautious on the adoption of cloud native IP solutions for mission critical broadcast software. As a result the Board took the view that specific PRIMA R&D should be scaled back until such time as market demand warrants further investment. The short term focus will be on the existing core capabilities as a broadcast solutions specialist. Pebble will continue its development of its existing playout and integrated channel products and services for current customers and new prospects."

Thus key thing was "the industry remained cautious on the adoption of cloud native IP solutions", that led to suspension of PRIMA R+ D as no significant sales.

PRIMA R+D could be resurrected if the market changes, but at the moment it is not the focus.

The future of PRIMA is unknown as we don't have crystal ball.

However, even if PRIMA R+D is not resurrected, it is not a total waste as common elements with tradition playout solution were gained as I understand it.

Yes, PRIMA was not converting into orders as industry not adopting cloud IP. Thus, management made pragmatic solution to cut PRIMA R+D.

Original playout solution which did benefit from some common bits of PRIMA development is gaining some contract wins. So far so good.

Paul Hill and Paul Scott discuss Pebble Beach Systems. They really liked it.

>>>>>>>>

Small-cap Investing with Paul Hill and Paul Scott

Vox Markets

11.3K subscribers

1,866 views Streamed live 23 hours ago

60:40 Pebble Beach Systems

HTtps://www.youtube.com/watch?v=N2lhHzRxmJE

Mmm all sounds positive, but this is not a results statement.

Thus things will become clearer with time.

I'm thinking that 20p could be possible in 1year - 1.5 years after looking at Stockopedia target price.

I should probably take that with a pinch of sale.

DYOR

PEB has performed well, but there should be more to come.

"The Alumasc Group plc (the "Company") notifies that on 11 June 2025 the following transaction took place with respect to Luan Leaf, a Person Closely Associated ("PCA") with Michael Leaf. Luan Leaf sold 90,000 Ordinary Shares of 12.5 pence each ("Ordinary Shares") at a price of £3.811556 per Ordinary Share.

Following the above transaction, the resulting number of Ordinary Shares held by Michael Leaf and his PCA is 54,227 representing 0.15 percent of the Company's issued share capital."

>>>>>>

Lucan Leaf sold shares and he was a Person Closely Associated with a director ie presumably relative.

However, that is not the director selling is it.

Yes, I agree with what you are saying.

They still appear to be making sales gains so hopefully the next few results will show the debt coming down markedly.

My impression is that the management here have done a good job in the company recovery.

DYOR

They have stopped spend on their new products because the current demand is not their in current macro economic climate.

However, they do see those products being further developed in the future when demand recovers.

Meanwhile the saving of spending on new products should enable them to pay down debt and make the books look much more attractive.

I believe that is what you are talking about.

HSP linkedin feed on new COO (Chief Operating Officer), he is not holding back.

I hope he can live up to expectations. He sounds very impressive.

>>>>>>>>>>>>>>>>>>>>>>

Hargreaves Services plc

5,810 followers

41m • 41 minutes ago • Visible to anyone on or off LinkedIn

We are delighted to welcome Simon Hicks, Hargreaves’ eagerly awaited new Chief Operating Officer (COO) and Executive Director who joins the company this week.

Simon brings significant market experience and valuable expertise to the company, having held senior positions in infrastructure, energy, utilities, construction, and waste management firms, including new-generation energy business Evero Energy, and leading multinational industrial service providers such as Altrad and Bilfinger.

Simon commented, “I am delighted to join Hargreaves, particularly at such an exciting and opportune time. The company is performing well, is in a strong commercial and financial position, and boasts an impressive project portfolio with unrivalled expertise across the Group.

With such strong foundations and an incredible team of talented people, there is huge potential for growth, value enhancement, and market development, all of which will mean advances in our services offering for our existing clients and business partners, and for prospective ones.

Predictions of more interest rate cuts should help if they go ahead.

It's doing reasonably by me.

Small capital gain and regular dividend which has been raised.

So far so good.

You're just unlucky !

Up to 15.95210 % today ...

Good news, yes, but wonder if they will be able to get an offer in before the Irish CCPC comes back.

If the CCPC asks for more information that would certain aid a Eldridge Media Holdings

bid if they are inclined to make one.

Playout automation leadership

Sally Wallington, SVP of sales at Pebble, explores the mission-critical considerations broadcasters should make when choosing a playout provider

HTtps://www.tvbeurope.com/media-management/playout-automation-leadership

Investors Champion still positive on FNX :-

HTtps://www.investorschampion.com/channel/blog/an-exciting-new-fast-growing-arrival-on-aim

Results for 6 months to 31 December 2024 (18/03/25)

Gross profit for the period increased 6.5% to £9.8m driven by 6% growth in mobile payments, 10% growth in mobile messaging, and 4% growth in managed services. Geographically, gross profit grew by 6% in the UK and 9% across the rest of Europe.

Revenue for the period declined by 2% to £38.8m, primarily due to a reduction in voice telephony services, which are largely pass-through transactions. As a result of the change in the revenue profile of mobile payments, blended gross profit margins increased to 25.2% (H1 FY24: 23.2%).

Total payment volumes (TPV) fell to £150m (H1 FY24: £158m), reflecting fewer charity campaigns, a reduction in low-margin voice telephony services, and the exit of some gaming customers from the UK market.

Fonix has secured contracts with each of the major mobile network operators in Portugal, marking a significant milestone in its international expansion. A strategic partnership with NOS, one of Portugal's leading telecom providers, further strengthens its market presence and enables the delivery of the Campaign Manager product to NOS' extensive network of broadcast customers.

In the UK, interactive services have been launched with News UK across its talkSPORT and Virgin Radio brands, reinforcing relationships with major media partners.

Fonix signed a two-year agreement with Bauer to remain its exclusive provider of premium SMS services in the UK.

The product portfolio has been expanded with the launch of two innovative solutions designed to unlock new revenue opportunities from existing customers from early summer 2025:

-PayFlex: A cutting-edge tool that recovers failed mobile payments by integrating Apple Pay, Google Pay, and PayPal.

-DonationPortal: A dedicated solution for charities, offering branded donation pages, streamlined Gift Aid processing, and real-time analytics to enhance donor engagement.

Adjusted profit before tax climbed 5.4% to £7.8m while adjusted earnings per share rose 8.8% to 6.2 pence.

In line with the Company's progressive dividend policy to pay out at least 75% of adjusted EPS, the interim dividend was raised 11% to 2.9p per share,. This is in addition to a special dividend of 3.0p per share paid in February 2025.

International expansion is accelerating, with early discussions with mobile operators and broadcasters across several high-potential European markets.

Customer services in the Republic of Ireland continue to operate unchanged and are experiencing growth, with no anticipated changes this year.

Underlying cash (excluding cash held on behalf of customers) was £11.0m (H1 FY24: £11.2m) at the period end, of which £3.0m was subsequently returned to shareholders in February 2025 in the form of a special dividend of 3.0p per share.

Outlook

With a solid base

Seems unlikely with inflation expected to rise in April with employer s NI rise and minimum wage rise.

Also average wage rises around 6% at moment according to news.

Last employment figures ok even if 21% of working age population is economically inactive.

TRIG share price rising, but TRIG is buying over 600,000 shares a day at the moment that seems huge compared with other renewable ITs.

Investors Champion podcast still positive on Time Finance

HTtps://www.investorschampion.com/channel/podcasts/episode-41-of-the-investors-champion-podcast

I think PEN could do well over the medium term, Harwood appear to have done their usual procedure of boosting the quality of the management here.

From the Richard Staveley (Harwood Strategic) interview looks like they see it as a platform for further acquisitions.

However, the markets are more volatile at the moment with NI employers tax, minimum wage rise, new employee rights, US tariffs, war fears so not surprised there has been a sell off after this mornings boost ...

A poster on ADVFN is claiming it has been recommended in a Sunday Mail Midas column article which covered PEN and other defence related stocks.