Member Info for rivaldo

There's many a slip 'twixt the cup and the lip....or something like that.

Given the share price slippage today's news was predictable for those with a cynical outlook.

Nevertheless, with many years of know-how and experience now in terms of perfecting the product, a huge order pipeline, only one competitor globally, and an increasing need for their products, SCE remain in an enviable position.

For newbies and those looking to top up this is an ideal oportunity imo.

Let's hope the cap.ex facility is successfully concluded with at worst a small-ish fundraising and/or other financing for working capital. If the OEMs are as keen on SCE's products as they appear to be, then surely they should be prepared to finance the incredibly small sums (by their standards) necessary at a few % above base rate were SCE to approach them.

Continuing to rise. Just now there was buying at 112p when the published full offer price was 110p, so quite keen buying too.

Impressive new Engineering Director announced (via Linkedin):

Https://www.linkedin.com/posts/enteq-technologies_logging-and-measurement-while-drilling-activity-7125096549503651840-CKIR

And some interesting people amongst the 20 who've "liked" NTQ's recent posta bout SABER on LinkedIn:

Https://www.linkedin.com/feed/update/urn:li:activity:7123230078649425921/

FYI I've posted the IC tip here:

Https://uk.advfn.com/cmn/fbb/thread.php3?id=30281403

Conclusion:

"Effectively, the liquid stake in Exscientia and pro-forma cash are worth £6.2mn (11.1p) or a quarter of the group’s market capitalisation of £23mn (41.5p). It means that Frontier’s £33mn(59p) equity portfolio, £5.9mn (10.5p) of debt investments and £1mn (1.8p) of trade receivables are in the share price for 58 per cent less than their combined carrying valuations.That’s extremely harsh given the progress being made by both CamGraPhIC and Pulsiv Solar. In fact, I would be surprised if their combined valuation doesn’t exceed Frontier’s current market capitalisation within the next 18-24months.So, having made a case to buy Frontier’s shares,at 38p, ahead of the results (‘A tech buy on a 57 per cent discount’, 13 September 2023), I see scope for positive newsflow from portfolio companies to narrow the 50 per cent share price discount to NAV over the coming months. Buy"

Good to see - now up 35% in the past month since the 80p lows.

SDI have already confirmed at the end of September specifically that they expect trading for the current year to April'24 to be in line with expectations, so presumably this has given the market/institutional buyers the confidence to invest.

RNWH were rated a Buy in the IC's recent survey of the top 100 AIM companies:

"Renew

A focus on maintenance contracts for road, rail and utilities schemes provides a steady stream of work for Renew Holdings (RNWH), and mean it can plan and invest safely in the knowledge that the job it is carrying out won’t suddenly be pulled by an unpredictable client.The vast bulk of revenues for its current financial year, which began on October 1, are already covered by its order book and its healthy levels of cash generated have funded a well-executed buy-and-build strategy. Its financial performance is impressive – adjusted operating margin grew from 1.6 per cent in 2010 to 6.9 per cent last year.This has underpinned a 22.4 per cent compound annual growth in earnings per share over the past 12 years, according to Berenberg analysts.Renew’s shares are more highly rated than peers such as Kier (KIE) and Morgan Sindall (MGNS), but deservedly so. And at less than 12 times forecast earnings, they’re hardly likely to break the bank. Buy."

Good to see FNX taking steps into the Portugese market:

Https://www.anacom.pt/render.jsp?contentId=1758558

Anacom are:

"Portugal's national regulatory authority for the communications sector, for the purposes of relevant Community and national legislation, including electronic communications and postal services."

Also, FNX were rated a Buy in the IC's recent survey of the top 100 AIM companies:

"Fonix Mobile

Retailers’ desire to reduce the number of online transactions that are abandoned at 'checkout' lies behind the impressive results that have driven the share price performance at Fonix Mobile(FNX). The company’s technology allows merchants to charge customers’ mobile phone bills, turning the device itself into a payment enabler. The tech is used by most as an extra payment channel that complements existing services such as Google, or Apple Pay. When it adds customers, they tend to stay signed up and Fonix has experienced very little in the way of churn.The company has around 145 active customers,including large enterprises such as ITV (ITV) and Channel 4, and there is an international push in progress with Fonix adding customers in Ireland such as state broadcaster RTÉ. Media companies represent roughly 75 per cent of gross profits, with more opportunities available as broadcasters develop their online service offering. Buy."

Good to see BGF Investment Management buying around another 1m shares - they now own 10.45m shares, or 8.26% of VLG:

Https://uk.advfn.com/stock-market/london/venture-life-VLG/share-news/Venture-Life-Group-PLC-Holdings-in-Company/92415123

Tamesis Partners have issued an update following yesterday's excellent news, reiterating their 160p target price and including the following - note the 115% growth in MSALabs revenues in just 2 years to $90m:

"This is a major announcement from Capital and a stamp of approval for MSLABS and the Chrysos PhotonAssay™ technology from a major mining company.

Although this update does not alter our forecasts, it provides us with a clear path and significant de-risking to the rollout of 21 Chrysos units by 2025, which we estimate to raise MSALABS revenues from $42m in FY2023 (13% of group revenues) to $90m in FY2025 (25% of group revenues). See revenue growth profile as illustrated in fig 1 below.

The partnership also raises the potential for further uptake across Barricks global operations, with Barrick having publicly highlighted the success and benefits of the technology. As referenced in the Capital’s announcement, Barrick’s Mineral Resource Management & Evaluations Executive Simon Bottoms, said: "PhotonAssay has already been delivering faster, safer, more accurate and environmentally-friendly analysis to our African operations, so we are more than pleased to broaden the partnership with Chrysos and MSALABS to take advantage of this innovative technology in our global operations."

"It is worth noting that Chrysos have started to test the applicability of the technology in the use of copper. This would be a provide a massive addressable market for the technology beyond gold. Barrick itself has a major copper project at Reko Diq, expected to double the size of the company’s copper production capacity when it is commissioned in 2028. Barrick’s current gold and copper attributable production guidance for FY2023 is 4.2-4.6moz Au and 420-470klbs Cu."

"Investment Case

This announcement de-risks Capital’s rollout of Chrysos PhotonAssayTM units. We currently maintain our forecast of 21 units being rolled out by FY2025. However, there is scope for an increase in this now for reasons as mentioned above.

This year has seen continued positive updates, including:

• Delivering 2 new major material contracts this year, being Ivindo SA and Nevada Gold that contribute $40m and $65m in revenues in Fy24 and Fy25

• 4th year of consecutive revenue growth and record revenues of $324m per our forecast

• De-risking MSALABS Chrysos PhotonAssayTM units roll out to guided 21 units and see MSALABS revenues doubling from FY2023 – FY2025

The shares are YTD 18% down, and trading on EV/EBITDA of 2.5x and PE of 6.3x, with a dividend yield of 4.1%"

Bouncing nicely now. NAV is now 81.8p compared to the 45.5p share price.

The MMs marked the price down 5% first thing yesterday presumably based on the 8% decline in NAV year on year, but I'm happy with the overall performance - much of the NAV loss was on the sale of Exscientia shares against a lower prior year valuation, with the investment portfolio only declining by £0.96m, a pretty decent result in the current climate.

Much of the portfolio is now coming to fruition. Alusid is planning an IPO next year. A number of companies are generating revenues. Pulsiv could be a gamechanger. Others look highly promising.

FIPP has £4.6m cash and a further £2m of tradeable Exscientia shares. Which renders the qualified audit opinion somewhat odd in respect of both this and the mere 2.6% of NAV re early stage investments which the auditors were unable to conclude on in terms of valuation.

Happy to hold and add further when possible.

Https://thebrakereport.com/porsche-911-upgrade-surface-transforms-braking-kit/

"Porsche 911 Upgrade: Surface Transforms’ Braking Kit

The Brake ReportThe Brake Report

October 31, 2023

Surface Transforms has announced the launch of its new Porsche 911, 992 GT3 RS Steel Brake Disc Upgrade Kits. This state-of-the-art upgrade promises to bring unparalleled braking performance to the iconic Porsche model.

Why It Matters

Braking systems are the lifeline of high-performance vehicles, especially those in the caliber of the Porsche 911. With this upgrade, Surface Transforms aims to redefine the braking experience, emphasizing precision, control, and unmatched braking power.

Key Points

Direct Fit: The Steel Replacement Kits are designed for a seamless fit without the need for any modifications to the vehicle.

Precision Crafted: Every component boasts superior engineering and precision, ensuring optimum performance.

Consistency & Reliability: These kits guarantee a reliable braking performance that’s consistent, whether on a race track or an open road.

Enhanced Features: Customers can expect the same robustness, durability, and enhanced thermal management that they’ve come to associate with Surface Transforms.

Bottom Line

Surface Transforms, as one of the few companies globally specializing in carbon-ceramic brake discs, utilizes unique Carbon Ceramic Technology. Unlike competitors using discontinuous chopped carbon fibre, Surface Transforms employs continuous carbon fibre in a 3D matrix. This results in a stronger, more durable product with enhanced heat conductivity—leading to superior braking performance. Their technology not only guarantees reduced braking system temperatures but also offers benefits like weight savings of up to 70%, extended product lifespan, consistent performance, minimized brake pad dust, and corrosion resistance.

For those eager to upgrade their Porsche 911’s braking performance, pre-orders are now open. Visit Surface Transforms’ website for further details."

For a £7.4m m/cap company (with around £3m net cash) this would be transformational....

What's good to see is that TST are doing this on the back of a sound rationale given that the European market is ahead of the USA's, and also that they're doing this in a careful way via partnerships rather than incurring big expenses.

Plus TST already have the brand recognition in the USA via the name Touchstar:

Https://www.lpgasmagazine.com/touchstar-technologies-eyes-north-american-lpg-market/

"TouchStar Technologies eyes North American LPG market

October 30, 2023

An established technology solutions provider in Europe has its sights set on the North American LP gas market.

TouchStar Technologies Ltd. plans to bring its experience, expertise and technology to customers in North America. The U.K.-based company has been supplying mobile computing solutions for oil and gas distribution for almost four decades. It supplies hardware, software, middleware integration services and full pre- and post-sales technical support to its clients.

“We are developing partnership opportunities as well as direct end-user engagements,” says Gordon Hyland, sales director of TouchStar Technologies – Fuel Logistics Division, in a company-generated information piece covering the future of fuel logistics, the role of digitization and TouchStar’s plans for the North American LP gas market. “We believe that our technology will enhance the offering of all LPG distributors, large or small.”

Specifically, TouchStar is introducing its FuelStar suite of products to North America. This includes in-cab hardware, front-end application and back-office software. The solution has full integration capabilities with third-party software (e.g., enterprise resource planning) and ancillary hardware (e.g., digital registers and in-vehicle Bluetooth devices).

TouchStar sees a natural progression into North America because many of its European customers already have offices here.

The digitization of field-based processes has come quicker in Europe, Hyland explains, as most large fleets have in-cab mobile computing systems. The company hopes more customers in North America will realize the same benefits.

“The European market has widely adopted a digital strategy that proves there are cost savings and efficiencies to be generated, through fewer miles driven, accurate identification of tank [and] storage location, efficient routing and scheduling, coupled with a real-time view of what happens in the field, back at the planning office, and invoice reconciliation and issue often happening same day,” he writes....

The company looks to become more visible to the U.S. market in 2024, with plans to attend next April’s Southeastern Convention & International Propane Expo in Charlotte, North Carolina.

etc"

I bought in here first thing yesterday after the trading update for the first time, SOLI having been on my watch list for sme years. The defence aspect in particular is a great tailwind in these markets along with the high tech nature of its other products and markets such as the promising partnership with CYAN.

Hopefully a push back up to 1500p is now on the cards.

.....talking of which, a new contract for CYAN announced this morning is presumably good news for SOLI too:

Https://www.londonstockexchange.com/news-article/CYAN/contract-in-the-middle-east-and-north-africa/16189023

Further info on Friday's acquisition of TIS:

Https://westcumberlandengineering.co.uk/news/the-shepley-group-to-expand-nuclear-manufacturing-capabilities-with-targeted-acquisition/

Extract:

"The acquisition, which will see TIS operate within Shepley Engineers subsidiary West Cumberland Engineering (WCEL), continues the growth of the Shepley Group and expands its already impressive portfolio of nuclear specialist capabilities.

TIS was founded in September 1995 by Managing Director Tony O’Pray, and has grown to be a leading nuclear fabrication specialist. The acquisition will double the WCEL workshop capacity and increase crane capability, ensuring that West Cumberland Engineering can not only continue to deliver its current workload, but also expand its capacity for new and existing clients, supporting nuclear decommissioning, nuclear new build and SMR’s. The acquisition secures the future of hundreds of highly skilled employees across the region."

Great to see today's news of an expanded partnership with Chrysos and particularly the huge Barrick Gold "to deliver PhotonAssay(TM) technology to Barrick mine sites across four continents", starting in Nevada, USA.

This further diversifies CAPD's operations both geographically and in terms of operations:

Https://uk.advfn.com/stock-market/london/capital-CAPD/share-news/Capital-Limited-MSALABS-Chrysos-Barrick-Capital-Partnership/92406055

Good to see a more meaningful £25k or so share purchase from the CTO.

With four share purchases from four different directors in a matter of days the intent is presumably (given the modest amounts involved) to give a co-ordinated signal to shareholders that interesting things are on the horizon.

Hopefully :o))

Great news for RNWH's water division from The Times, with spending from 2025-2030 in the sector on wastewater etc tripling from the previous period to £40 billion:

PS : quite right Trouts LOL!

Https://www.thetimes.co.uk/article/uk-water-companies-spending-regulatory-requirements-chtk0jpmd

"The 17 water and sewerage companies operating in England and Wales plan to spend £272 billion upgrading sewage plants, outfalls and drinking water facilities over the next 25 years"

"Most of the spending (70 per cent) will be on improvement to wastewater infrastructure, with Moody’s saying that £70 billion would be spent on sewage outfalls alone. Work to improve the resilience of drinking water provision against drought will be concentrated in the southeast of England.

Spending from 2025 to 2030 should total £40 billion, Moody’s said, about triple what was invested in the previous five-year regulatory period."

With the gold price at $2,000 now, PDI shares rose 6% overnight to A$0.245, which is its highest for almost 2 years and getting towards its highest ever level from around that time.

At current exchange rates that's worth £18m against the £148m m/cap:

Https://www.asx.com.au/markets/company/pdi

Allied Gold's shares have also bounced 14% to C$4.80, so this holding is worth another $10m or £6m.

Interesting article from earlier this year about McMenon, with whom TIS Cumbria has a nuclear collaboration (both are based in Workington) as part of the North West Energy Coast Alliance:

"Together they have won two machining and fabrication contracts at Sellafield, as part of its Programme and Project Partners Framework".

McMenon "want to be a £1bn enterprise in five years".

They expect to see "much more (growth) in 2023 following the twin successes of winning multiple contracts at Sellafield and a global product line acquisition".

And "One space I'm very keen to diversify into is clean energy. We have made substantial inroads into the nuclear, water and wind sectors and sold products into various projects,” he says.

“However, I do believe there could be much more. Hydrogen is possibly a natural extension, because we have been in the energy sector for so many years".

Https://www.in-cumbria.com/news/23310915.plan-make-workington-firm-household-name/

Good to see RNWH's nuclear decommissioning and new build division expanding with the £4.7m acquisition of TIS Cumbria.

Per TIS's last accounts to June '22 it seems they were operating at essentially breakeven given the change in retained reserves, with 27 employees.

However, they also own a freehold property valued at £3.2m (before a £0.74m bank loan), so it would seem RNWH have acquired the entire business for not very much at all on a net basis:

Https://uk.advfn.com/stock-market/london/renew-RNWH/share-news/Renew-Holdings-PLC-Acquisition-of-TIS/92380993