Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Https://masterinvestor.co.uk/equities/wanted-by-interpol/?mc_cid=daf0130fb1&mc_eid=db9f9bbaf2
"Team Internet Group (LON:TIG) – Another Couple Of Weeks
The Share Buyback programme continues to help to push this group’s shares higher, with purchases of around £200,000 worth of stock being made each day, the latest being 150,573 shares @ an average 140.12p per share.
At the current progress rate, it should be completed by the end of the first week of March, just ahead of the company publishing its audited annual report for the financial year ending 31 December 2023 on Monday, 18th March.
After hitting 141.80p yesterday, the shares closed last night at 138p.
Hold very tightly to the shares, I feel that my next (156p) Target Price could soon be achieved."
Https://masterinvestor.co.uk/equities/wanted-by-interpol/?mc_cid=daf0130fb1&mc_eid=db9f9bbaf2
"Time Finance (LON:TIME) – Broken Through The 40p Barrier
I was pleased to see the shares of the £38m capitalised Bath-based alternative finance group going through my Target Price yesterday, no doubt helped by new investor interest following a Corporate Presentation on Monday of this week.
The recently announced Interim Results to end November 2023 declared continued strong growth in the group’s activities, particularly with its Lending Book standing at record levels.
Analyst Andrew Renton at Cavendish Capital Markets has current year estimates to end May for £30.8m (£27.6m) revenues, with adjusted pre-tax profits of £5.7m (£4.4m), lifting earnings up to 4.6p (3.7p) per share.
He is already looking for an even better outcome for the coming year at £33.1m, £6.7m and 5.4p respectively.
Non-Executive Chair Tanya Raynes stated that:
“These results show that our focus on own-book lending continues to deliver a strong trading performance.
This is particularly encouraging given the wider economic headwinds and demonstrates UK SMEs’ robust demand for funding from a truly customer-focussed, multi-product provider of finance like ourselves.
The strategic positioning of the Group within the market has enabled it to generate increasing levels of demand whilst also maintaining control of credit and spread risk.
As a result, the Group is well positioned to deliver further growth and increased value to our shareholders.
We look forward to being able to report on further progress at the year-end.”
It is quite possible that we will get a Q3 Trading Update out in the next couple of weeks or so, perhaps the anticipation of more good news will help to drive the shares even higher.
It is well worth noting that Cavendish Capital Markets currently have a Price Objective out on the shares at 71p. "
Good to see BGF Investment Management buying more as well as Slater - they now own 9%, or 11.4m shares:
Https://uk.advfn.com/stock-market/london/venture-life-VLG/share-news/Venture-Life-Group-PLC-Holdings-in-Company/93312890
This morning's RNS shows yet another new major shareholder who's been buying and now has over 3% - John Peter Lobbenberg has 3.2%, or 1.82m shares:
Https://uk.advfn.com/stock-market/london/petards-PEG/share-news/Petards-Group-PLC-Holdings-in-Company/93343492
I bought some more at just under 11p.
Thanks for the heads up re the encouraging 9 months' results issued in India. I can see that OPG issued a 9 month update on the LSE on 23/2/22, 29/1/21 and on 11/2/20, but not last year - any idea why not, and is one definitely expected for this year?
Encouraging to see the sale of Petrel completed quickly as per today's RNS. This is a transformational deal.
£2.75m is now coming into CMH's coffers, with a further £0.25m deferred consideration.
The pension deficit is reduced to a paltry £0.4m.
On top of the £3m sale proceeds, CMH's liabilities will also be reduced by a further £2.6m, and the results to 31st May will look good with a £2m exceptional profit.
Per the interims, with RDC improving its operating profit by 43% year on year and CHC looking better for this H2 onwards, the core business is in good and improving shape.
A £2.8m m/cap gives a very decent risk/reward imo given the turnaround being achieved.
INSE recently held a webinar with over 400 people attending, mainly focusing on a number of net zero and ESG topics as outlined in the article:
Https://inspiredplc.co.uk/insights/industry-news/impact/eyes-on-the-horizon-what-did-our-first-2024-webinar-foresee/
Https://masterinvestor.co.uk/equities/currys-chemring-and-more/
Conclusion:
"The group has aims to get up to a £50m valuation within the next few years and I have a certain confidence that the REACT Group Management will achieve their target earlier than the market might be expecting.
The group currently has a £14.4m market capitalisation, with some £2.1m cash in the bank, its shares are well worth tucking away at these lower levels."
Nice upwards breakout on the chart this morning after the results.
WH Ireland are still waiting to publish new forecasts. They don't add much to this morning's RNS, but conclude:
"WHI view:
Today’s update highlights a favourable start to the second half. The previously announced NHS trust maintenance renewal in respect of the security needs of a group of hospitals highlights CSSG’s strong, embedded relationships with its client-base and the fact that a noteworthy proportion of its business is longer term in nature.
Encouragingly, though the quantum is not specified, the company is highlighting a robust pipeline of potential contracts in the entertainment and utilities areas. CSSG has announced contracts with major cinema groups, and we believe there are potentially some further promising prospects for the company, particularly as it continues to roll out its product across new and extended geographies."
A good, solid H1 performance reported today, with net profit up 18%. The acquisitions made will help H2 further.
There's £1.73m cash too, with the additional £5.78m due from Vigilant starting to be paid from next month against the £9.2m m/cap.
Above all, the outlook is very confident. The contract pipeline looks extremely promising:
"We have had a promising start to H2. In January 2024 we acquired two profitable locksmith businesses with a combined turnover of £0.5 million, operating from Peterborough and Worthing. We have been successful in delivering a number of new contracts including being re-awarded a three-year maintenance contract by an NHS Trust to cover their hospitals' security needs. This success reflects the high levels of service that make us a preferred supplier in the health sector.
In addition, there are a number of contracts in the pipeline in the utilities and entertainment sector and we believe that these customers represent a material long term opportunity. A solid underlying performance, coupled with the success of our ongoing strategy to identify acquisitions where there is a significant opportunity to enhance sales growth and profitability, leaves us well-placed to deliver year-on-year growth despite continuing difficult macro conditions."
Hybridan have a new note out today.
They forecast a £0.3m operating profit this year, or 0.9p EPS, with a £2m cash pile against the current £4.4m m/cap.
They have an interesting paragraph in particular re QRO:
"We believe that QRO Solutions will pursue growth opportunities in ULEZ (ultra low emission zone) charges and car parks in the UK and perhaps expand its footprint to overseas markets."
BGF Investment Management continue to buy - they've bought around another 600,000 shares in the last week, and now have 10.18% (up from 9.57%), or 10.59m shares:
Https://uk.advfn.com/stock-market/london/sdi-SDI/share-news/SDI-Group-PLC-Holdings-in-Company/93314256
Another tick up after some large-ish trades today.
Yes, the m/cap is £32m after the placing, cheers. But still ludicrously undervalued imho given the huge order books stretching out for many years ahead.
Any sign of the production issues being solidly addressed - or new contract wins - and the upside here is huge.
tipped by malcolm stacey on share prophets with 50% upside (can't verify as subscriber-only):
https:// *************.com/views/73050/sewage-on-the-loose-who-you-gonna-call-this-polished-cleaning-outfit-is-on-the-way-up
Good to see a little buying coming in at the full 69p offer this morning.
Liberum forecast £16.2m PBT for last year, rising to £18.3m PBT this year. That equates to 13p EPS rising to 13.7p EPS this year - a P/E of just 4.9.
Liberum also forecast a 2.7p dividend for last year, rising to 2.9p this year (a 4.3% yield).
WH Ireland's update note this morning talks about the positive start to this year, and rehashes today's contract win news, until this decent summary in the last paragraph given the mere £3.4m m/cap:
"With a range of fundamentally competitive products in their respective markets, we see real potential for improvement as the rail market recovers and highlight the group’s robust net cash position (FY2024E WHI est: £2.7m). Trading on low single digit P/Es for FY2024E and with net cash making up over 50% of the market cap at the year ended FY2023E, we view the shares as undervalued at current levels"
Kepler Intelligence have isued new research on Miton's UK MicroCap Trust this morning run by Gervais Williams, and Miton have this to say about MWE:
Https://www.trustintelligence.co.uk/investor/articles/fund-research-investor-miton-uk-microcap-retail-feb-2024/returns
"Although this company continues to generate growth in profits and dividends upwards of 7%, the share price has suffered due to worries over its Israeli operations being affected by conflict. Earnings have also been impacted when converted into dollars due to weakness in the exchange rate. However, some of its aerials are being used in military applications meaning the company is busier than usual. Gervais and Martin remain upbeat, and they believe there is no dilution to the upside potential of the company."