Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Questor in the Telegraph are positive this morning:
Https://www.telegraph.co.uk/money/investing/stocks-shares/fever-tree-jet2-inheritance-tax-portfolio/
"Update: Jet2
While shares in Jet2 have doubled since they were added to our IHT portfolio in January 2018, they still have further room to run amid the prospect of an improving consumer outlook.
The travel company’s latest trading update, released last month, showed that it was making encouraging overall progress. A solid performance in winter 2023-24 bookings prompted a slight increase in financial guidance for the current year: the company now expects to generate pre-tax profits of between £510m and £525m, compared with previous guidance of £480m to £520m, as higher-margin package holidays account for a greater proportion of sales than in the previous year.
As for summer 2024 bookings, average load factors are currently 1.5 percentage points higher than at the same time last year. Although the number of package holiday customers is up 17pc year-on-year, they account for a similar proportion of overall bookings vis-a-vis the same point of the previous year.
The company also reported that it had taken delivery of five new aeroplanes, while six further aircraft are due to join its fleet before the end of 2025. They have the potential to reduce costs because they are more fuel-efficient than the aircraft they are replacing.
While annual or twice-yearly holidays are arguably a staple rather than discretionary item, Jet2 is still likely to benefit from an improving consumer outlook. Consumers may, for example, holiday more frequently or spend more on each holiday than in recent years.
Jet2’s shares trade at just eight times forecast earnings, so they continue to offer enormous capital growth potential and remain a core holding in our IHT portfolio."
A prestigious win with the Pro Football Hall of Fame in Ohio, which has "hundreds of thousands" of visitors every year:
Https://uk.advfn.com/stock-market/london/accesso-technology-ACSO/share-news/accesso-to-Collaborate-with-Pro-Football-Hall-of-Fame-to-Elevate-Visitor-Experi/93390029
"accesso® to Collaborate with Pro Football Hall of Fame to Elevate Visitor Experience with New, Interactive Mobile App
29/02/2024 2:00pm
accesso Technology Group (AIM: ACSO), the premier technology solutions provider for attractions and venues worldwide, has announced a new collaboration with the Pro Football Hall of Fame ("the Hall"), introducing a new, cutting-edge app designed to enhance the experience and boost engagement for visitors to the Hall's renowned museum in Canton, Ohio.
The newly launched app is now available for download on iOS and Android devices.
Utilizing a suite of guest experience tools from accesso, the multi-faceted app features a full venue audio tour (available in English and Spanish), an interactive museum map, trivia activities and direct access to news and app-exclusive information about the venue. A second phase of the rollout – planned for the fourth quarter of 2024 – will see further enhancements to the Hall's audio tours and the launch of an all-new digital archive. This archive will host digital records of hundreds of thousands of the Hall's valuable assets – such as player jerseys, footballs and helmets, along with documents and photos – broadening public access to the expansive collection, less than 1% of which is exhibited within the museum.
....The relationship with the Pro Football Hall of Fame follows extensive growth for accesso, with last year seeing the company's launch of the cloud-native, scalable, highly flexible accesso Freedom℠ Restaurant & Retail platform and its acquisition of VGS, with the rebranded introduction of the accesso Horizon℠ Ticketing & Visitor Management system. And recently, accesso partnered with California Mountain Resorts Company to revolutionize the skiing experience with the launch of an all-new integrated resort app network."
Glad to see that FIPP have taken advantage of the recent uptick in Exscientia's share price to offload the rest of their holding.
That's another £2.54m in the bank, to recycle into the rest of the portfolio:
Https://uk.advfn.com/stock-market/london/frontier-ip-FIPP/share-news/Frontier-IP-Group-plc-Sale-of-shares-in-Exscientia/93390764
A £14 million return for a total cost of £2,000 is pretty astonishing. Hopefully the likes of Pulsiv and others will bring in more in terms of capital return even if perhaps not quite as good in percentage terms!
The Mello presentation is well worth a watch. I thought the management came across well, the outlook was generally very positive, and the particular advantages of the company were stressed:
- recurring revenues up to a whopping 87%
- free cash flows of £2.1m and £2.3m adjusted EBITDA against a £14.9m m/cap
- further acquisitions being considered
- REAT have the advantage as business purchasers due to their size and reach
- similarly REAT have the size advantage in being able to serve clients nationwide as those clients expand and grow
- REAT are installing systems this year in LaddersFree which will greatly enhance efficiency and enable cost savings
Plus we now know that "the first few months of FY24 have delivered a record trading performance for the Group", and "Momentum from FY23 has continued into the new financial year".
With 0.136p EPS forecast to this September, rising to 0.156p EPS for the year starting in only 7 months, REAT are cheap on a single figure P/E, let alone on the FCF as outlined or given the huge recurring income.
Watch from around 1hr 21m:
Https://www.youtube.com/watch?v=G257dlrOBXg
Darren Carter has been buying in substantial amounts - he's increased to 10.29% (from 7.27%) and now has 5.04m shares:
Https://uk.advfn.com/stock-market/london/sysgroup-SYS/share-news/SysGroup-PLC-Holdings-in-Company/93384596
JS notes that they're looking to become a $100m revenue business:
Https://www.youtube.com/watch?v=PwkKWz2S9Q4
"Itaconix PLC CEO John Shaw takes Proactive's Stephen Gunnion through a trading update that shows record 2023 revenue of $7.9 million, marking a 41% increase from the previous year.
Shaw attributed this success to the company's advancements in the detergent market across North America and Europe, emphasizing cost and performance benefits alongside sustainability. A significant growth of over 89% in European sales, reaching $1 million for the first time, highlighted the potential in the European market, particularly in dish detergents, where Itaconix's low-cost formulations are gaining traction among major retailers and private label brands.
Shaw also noted the company's development in offering plant-based polymers without imposing additional costs on consumers, a strategy dubbed "free green," which promotes sustainability without financial burdens.
The revenue growth stems from a balanced mix of new customer acquisitions and increased recurring revenue from the existing customer base. With a focus on expanding its product portfolio, Shaw mentioned ongoing developments in leather chemicals, paint, and plant-based superabsorbents, aiming to reach a $100 million revenue target in the future.
Looking ahead to 2024, Shaw expressed optimism, citing stabilized costs, minimal disruptions from shipping issues, and the introduction of new brands seeking Itaconix's reformulation expertise, promising continued growth from the momentum built in 2023."
ITX have huge potential from here imo.
At this stage of their evolution they're more likely to be valued at a multiple of their high recurring revenues given that this is where their core investment attraction lies in terms of "stickability" etc.
Such a multiple could conservatively be say 5 times revenues - so to achieve a £60m valuation (compared to their current £22m m/cap) ITX would only need £12m revenues. Not such a big step from where ITX are today, especially when the company scales up and begins achieving profitability on the back of increasing recurring revenues and relatively fixed operating costs.
This sounds pretty revolutionary (to this non-techie anyway!):
Https://www.eejournal.com/industry_news/pulsiv-to-deliver-groundbreaking-usb-c-reference-designs-finished-modules-with-more-than-95-average-efficiency/
The end markets are huge - "a new class of sustainable USB-C chargers, adapters, and in-wall sockets" - and imminent, given the first solution "is expected to be announced towards the end of March 2024".
Pulsiv might have done themselves a favour by putting at the end of the press release a brief bio of their partner Innosceince, since Innoscience are:
"the largest 8-inch Integrated Device Manufacture (IDM) fully focused on GaN technology in the world. We fully control and own the world-wide largest dedicated 8-inch GaN-on-Si wafers manufacturing capacity"
Https://www.innoscience.com/
Pulsiv's own press release isn't yet on their web site, so perhaps this suggestion might yet come to pass.
Good to see the share price inching up a little to the current 88p bid.
Nice coverage here about MSALabs helping define "the world’s largest rare earth metal deposit":
Https://www.mining.com/joint-venture/jv-article-msalabs-probes-global-expansion-after-swedish-mega-find/
Extracts:
"Now, MSALABS is turning to expansion in North America where it has a $145 million, five-year contract with the world’s largest gold producer, the Nevada Gold Complex run by Barrick Gold (TSX: ABX; NYSE: ABX) and Newmont (NYSE: NEM; TSX: NGT). The analysis company is promoting a centralized lab concept there for geologists to reduce turnaround time and save money. It will use three PhotonAssay units to serve the site’s 12 open-pit and 10 underground mines.
PhotonAssay
MSALABS, whose global customer roster also includes Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Hecla Mining (NYSE: HL) and Kinross Gold (TSX: K; NYSE: KGC), was the first to offer the patented PhotonAssay analysis in Africa and Canada. It is rapid and more precise than the traditional fire assay process where there’s risk of contamination and gold loss."
"MSALABS began using PhotonAssay at Barrick’s Bulyanhulu gold mine in Tanzania in 2021. It has installed nine units across operations in Canada and Africa and intends to deploy 21 units globally by next year, making it by far the largest provider of the technology. Barrick is replacing its fire assay setups globally with 11 PhotonAssay units under agreement with MSALABS."
"It has a global network of 27 laboratories in key mining regions including Canada, the United States, Latin America, Africa and Europe. Other clients include Canada’s largest gold producer, Agnico Eagle Mines (TSX: AEM; NYSE: AEM), Victoria Gold (TSXV: GCX), the Yukon’s only gold producer, and successful East Coast explorer New Found Gold (TSXV: NFG; NYSE-AM: NFGC).
Labs can also be found at Barrick’s Kibali gold mine in the Democratic Republic of Congo, Kinross’ Tasiast gold mine in Mauritania and Shanta Gold’s (LSE: SHG) Singida gold mine in Tanzania.
MSALABS has recently completed its newest laboratory in Marsa Alam, Egypt, supporting the renaissance of the Egyptian mining industry. The next facility will be just on the other side of the Arabian Nubian shield at the Jabal Sayid mine, a joint venture by Saudi state mining company Ma’aden and Barrick."
TST have just announced this contract win with Eliquo Hydrok "for a technology rollout of the latest rugged tablets and handheld computing devices":
Https://www.touchstar.co.uk/blog/eliquo-win
Eliquo look quite a substantial operation - could be a reasonably sizeable win given all "depots throughout the country":
Https://www.eliquohydrok.co.uk/en/about-us.html
"ELIQUO HYDROK has extensive experience and track record of working with all the major Water Utility companies throughout the UK and Eire. Head office and main manufacturing base is located in Cornwall, with additional satellite 'service and installation' depots throughout the country in the areas where we operate."
2023 revenues are ahead of Canaccord's expectations at $7.9m (forecast was $7.8m).
And the cash pile ar $10m is well ahead of the forecast $9.3m. This against the £17.2m m/cap.
Above all I like the confidence in the outlook statement, in particular the emphasis on "becoming a large, profitable specialty ingredient company".
The huge recurring revenues and expanding customer base here make ITX especially attractive.
BGF Investment Management continue to buy - they now own just over 11% with 11.47m shares:
Https://uk.advfn.com/stock-market/london/sdi-SDI/share-news/SDI-Group-PLC-Holdings-in-Company/93344879
Since early December they've bought just over 3m shares.
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.