Member Info for rivaldo

Here's the intro that's free to read:

Https://www.investorschronicle.co.uk/ideas/2023/01/11/investors-are-being-too-cautious-with-this-self-care-stock/

"Investors are being too cautious with this self-care stock
A developer, manufacturer and distributor of products for the self-care markets is on a recovery mission
January 11, 2023
By Simon Thompson

€1.35mn licensing deal for mouth ulcer products in Europe
Long-term distribution agreements signed in Canada, Vietnam and Brazil for Gelclair
£13mn acquisition of HL Healthcare brands for 7.6 times cash profit

Aim-traded Venture Life (VLG:36p), a developer, manufacturer and distributor of products for the self-care markets, is well placed to deliver a step change in profits this year, buoyed by complementary brand acquisitions and new licensing and distribution agreements.

In a trading update, management highlighted a raft of new long-term contracts including a 24-month licensing agreement in the EU with an existing customer for its mouth ulcer products; two new distribution agreements for Gelclair (oral mucositis) in Canada and Vietnam, following a similar deal announced with Blau Farmaceutica in Brazil; and a distribution agreement for Pomi-T (management of prostate-specific antigen (PSA) levels) in Peru."

Looking strong here, and a number of news items:

- gold still rising and now at $1,883, and could continue to do so with expectations that the US Federal Reserve will slow its interest rate rises

- news overnight that Marvel Gold's Yanfolila mine- where CAPD are the contractor - has produced encouraging results:

Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02620432-6A1131488?access_token=83ff96335c2d45a094df02a206a39ff4

- interesting article in the FT today noting that Saudi Arabia are launching a mining fund of up to $15 billion in an effort to reduce their oil dependency, which would do very nicely for the sector as a whole!

Https://www.ft.com/content/46bf21a4-e626-4581-ad85-8b74bbd82e4e

"Saudi Arabia has launched a mining fund that plans to invest up to $15bn of capital in overseas assets according to people familiar with the details, as the country works to reduce its dependence on fossil fuels.

The venture, 51 per cent owned by Saudi state-owned miner Ma’aden, with the remainder owned by the country’s Public Investment Fund, will take non-operating minority stakes in mining projects internationally, the two companies said on Wednesday."

"Given the scale of projects in commodity markets, the fund is prepared to deploy more than $15bn of capital for investments over the coming years as suitable opportunities emerge, the people added. PIF declined to comment beyond the statement."

Another 250,000 shares bought back, at 154.8p:

Https://uk.advfn.com/stock-market/london/centralnic-CNIC/share-news/CentralNic-Group-PLC-Transaction-in-Own-Shares/89962922

Techinvest's new issue is out, so it should be OK to copy their conclusion from the prior Dec'22 issue after the Q3 results:

"MTI has announced solid financial results for the nine-month period ended September 30. Revenue growth was 8% to US$34.8m and EBITDA increased by 14% to US$4.58m. One-off acquisition and depreciation costs led to net profit of US$2.74m, up from US$2.7m a year earlier. Earnings per share increased to 2.99 US cents from 2.95 US cents in the comparative period. Net cash at the end of the third quaretr was US$5.2m (equivalent to 4.9p per share).

The third quarter saw strong trading across all MTI's business divisions, extending the momentum that was evident in the company's first half results. MTI Summit, in particular, is benefiting from new contract wins and the successful integration of PSK. PSK secured MTI's largest ever contract in July, expected to be worth US$10m over the next 7 years, providing services and maintenance support to the Israeli Ministry of Defence. Reassuringly, management commented that the company's markets are nearly back to normal with shipment costs reduced relative to the high costs seen during Covid-19, and microchip shortages also reducing.

MTI is well positioned in a number of markets that are supported by strong secular growth trends, including 5G, advanced defence technology and water management. Continue to buy."

for K&T Heating. Note that it's over 10 years and extendable to 15, so I'm assuming that's why it's not been RNS'd as it's not material on an annual basis, even though it's a very nice win bringing in further secure revenues for some time to come:

Https://bidstats.uk/tenders/2023/W02/790429885

The Private Punter (aka the poster "hastings") has just bought back into VLG and written an excellent new article:

Https://martinflitton1.wixsite.com/privatepunter/post/vlg-looking-healthier

I've tried to reconcile the two forecasts for this year of 6.02p EPS from Cenkos and 4.1p EPS from Singer, but unfortunately Research Tree only has the front page of Singer's note so it's impossible.

Either way, VLG looks very good value at 36p on those numbers.

Unfortunate short-term furnace issues have given rise to a warning for last year's final numbers.

But guidance for this year and going forwards is unchanged. And the problem furnaces are now operational, so hopefully this glitch is almost dealt with anyway. With such a huge and fast production scale-up such issues are hardly unexpected.

Finncap have today retained their Buy and 120p price target.

The MMs marked down savagely initially today, but the share price has bounced extremely well following lots of buying and is now only 7% down (though I suspect the prior share price fall in the last few days/weeks may not be unconnected to today's news.....).

IMO this is an excellent buying opportunity for those with a longer investment time frame than a few weeks.

Another 281,000 shares bought back, at 156p:

Https://uk.advfn.com/stock-market/london/centralnic-CNIC/share-news/CentralNic-Group-PLC-Transaction-in-Own-Shares/89952754

Cheers - nice share price reaction so far today. Perhaps any overhang is gone now.

Https://www.investorschronicle.co.uk/ideas/2023/01/10/four-potential-takeover-targets/

Anexo have just been highlighted by Simon Thompson as one of four takeover targets in 2023:

“Something has to give at Anexo, a provider of a litigation claims process focused on the recovery of credit hire and repair costs for the impecunious non-fault motorist involved in a road traffic accident. The £121mn market capitalisation company is rated on less than four times Panmure Gordon’s 2023 cash profit estimate to enterprise valuation even though it could earn a bumper pre-tax profit of £20mn-£25mn (after litigation funding and marketing costs) on its emissions scandal action against VW (on behalf of 13,000 claimants). A few months ago, chairman and 17 per cent shareholder Alan Sellers was a buyer at 127p a share”

Https://citywire.com/funds-insider/news/expert-view-astra-accesso-spire-boohoo-and-clarkson/a2406124#i=3

"Premier Miton adds Accesso to ‘responsible’ portfolio

Premier Miton’s Jon Hudson has initiated a position in queuing software group Accesso Technology (ACSO) as he believes it is helping cities deliver ‘sustainable infrastructure’.

Citywire A-rated Hudson added Accesso to his £178m Premier Miton Responsible UK Equity fund thanks to the prospects for its virtual queue technologies’.

‘The company’s technologies are used by various theme parks in the UK and US to help visitors avoid long lines via a handheld unit that notifies users when they can enter the particular rides they desire,’ he said.

‘Accesso Technology fits within our sustainable infrastructure and cities theme, with the company’s patented technology solutions used to drive an increase in revenue for attraction operators while also improving guest experience,’ said Hudson."

- a further 84,000 shares bought back at 155.5p
- Kestrel continue buying and have bought another 87k shares - they now own 22.83%
- Chelverton have sold a few and have gone below 5%

Good news - 2022 will be "one of the best performing years since inception". Though not as good as 2021, that suggests perhaps a PBT of say €0.4m?

Plus FFB processing/harvesting appears to be improving at last, hopefully just in time for the high season.

Bad news - December CPO production and sales were still well below last year, with the day being saved by the continuing very high CPO prices.

This RNS is titled "Full Year 2022 Palm Oil Production Update", so I assume news on progress on cashews is coming in a separate update. Hopefully.....

KAPE looking good again today - hopefully set for another run up to 300p in the short-term and then back up to 350p-400p.

Today is a rare opportunity for anyone wanting to buy a decent chunk of TST shares. There's 20,000 shares available to buy online at 85p. Most unusual to be able to buy more than a few thousand shares in one go.

Happy new year to everyone (anyone?!) else here. Good to see SYS edging up on just a little buying - hopefully not much stock around.

A P/E of even just 10 would see a 37p share price on the 3.7p adjusted EPS forecast. With 2p EPS in H1 alone SYS look in good shape, particularly given the H1 outlook statement showing confidence that trading will be in line with expectations.

Happy new year to everyone here. Nice start to 2023 - new all-time highs now.

Good to see a 500,000 share buy just now at the full 1.2p offer.

Looks to have broken upwards out of its recent trading range chart-wise?

Good news overnight from Golden Rim at Kada in Guinea, where CAPD are the exploration drilling contractor, with much more drilling to come:

Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02619397-3A610683?access_token=83ff96335c2d45a094df02a206a39ff4

"Golden Rim’s Chief Executive Officer, Tim Strong, said:

“We are delighted at the speed with which the drilling has commenced and the progress of our exploration program at our flagship Kada project in Guinea. RC drilling has averaged more than 1,000 metres per week at Massan. The RC rig has moved to the Bereko prospect, 9km north of the current Mineral Resource, allowing us to commence a trenching campaign at Massan to further improve geological confidence within the Mineral Resource area.

“A diamond drilling rig is scheduled to commence soon and is expected to provide us with vital structural information about the controls on mineralisation across both the Massan and Bereko prospects.

“We are expecting our first assay results towards the end of January, and the two drill rigs and trenching will provide us with a steady stream of new results over the coming months."

Great to see products developed internally being adopted and licensed successfully, and then of course being manufactured by VLG's Italian facility too.

Cenkos have an update note out this morning.

They forecast 4.53p adjusted diluted EPS for the year just ended, rising to 6.02p EPS this year. Which puts VLG on a P/E of just 5.98 at 36p.

VLG have of course already confirmed they're confident in meeting expectations for 2022.