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There's been three uncrossing (UT) trades today, all at prices higher than the published offer price at the time.

The latest is a 10,200 share buy just reported at 247p, nicely above the current 245p offer price. Intriguing - hopefully bodes well.

Even though they've now raised their forecasts. Edison's are still well below those of Zeus Capital's which are:

this year : 19.1c EPS
next year : 20.4c EPS

Slight correction - Edison's figures actually show £2.9m net debt at the end of next year.

Nice move up to new all-time highs.

Barclays appear to have "lost" my FNX dividend and are currently looking through their bottom drawers to see where it's been filed. Great :o))

New research note from Edison just out - they've increased their forecasts, which are now:

- this year to 31/12/22: 17.9c EPS, i.e 14.8p EPS
- next year to 31/12/23: 19.3c EPS, i.e 15.95p EPS

They also see CNIC with $2.9m net cash at the end of next year - this just shows the nature of CNIC's cash-generating operations.

They say "the group still trades at a c 59% discount to peers on FY22 and FY23 EV/EBITDA multiples":

Https://www.edisongroup.com/publication/a-busy-end-to-a-momentous-year/31810/

https://www.nakedtrader.co.uk/

"I noted some interest coming back into Sureserve and decided to add some on the strength especially as there is a lot of support at anything under 70p.

On the face of it it does look dull which is why you won't see people telling you to "fill your boots".

But it could have an interesting future especially as governments are looking at spending more money in its area of the market and the hydrogen route could pay some dividends.

Sureserve is also going up on bad down days which is a good sign, I think it's worth nearer 100p."

Taking a prior forecast calculated elsewhere (by the poster Effortless Cool) for this year of 5.84p EPS and next year of 8.04p EPS, and pro-rating in six months of today's acquisition, CSSG would be forecast to make almost 6.5p EPS this year and around 9p EPS next year.

Plus CSSG are likely to have say a £1m-£1.5m cash pile against the £8.5m m/cap, so still headroom for further acquisitions (even before the Vigilant divestment sale proceeds, assuming this happens).

The new issue of Momentum Investor is out, so it should be OK to paste their Buy recommendation on SUR from the prior December issue:

"Sureserve (SUR)

Sureserve expects full year results for the year ended September to be in line demonstrating solid operational performance despite inflationary pressures, which are being mitigated. The order book rose 16% to £585m while net cash was also higher at £23m versus £16.5m in FY'21.

Two non-core businesses held for sale are performing well "providing the opportunity to find the right price".

Shore Capital says the decision to move from two divisions - Compliance and Energy Services - to one could improve cross-selling opportunities for tackling fuel poverty while performing regulated gas safety audits. For example the recent completion of a solar PV project for the MOD could open up opportunities across the latter's vast estate of military housing and other buildings.

After a year of flat performance the shares look cheap on a prospective PE of 8.0 ( FY'23 eps forecast: 9.2p), enterprise value/EBITDA of just 5.3 and free cash flow yield of 7%. I am a buyer."

Another nice earnings-enhancing security centre acquisition - the third this year.

£0.75m consideration will bring in almost £0.2m PBT plus £0.4m net assets. More interestingly, there are insourcing synergies which should increase that profit contribution nicely.

Plus CSSG state they're "hopeful of completing similar earnings enhancing acquisitions in 2023".

Encouragingly, sells are achieving mid-price or above now at 225p or so (I just dummy traded to check), whilst buyers are paying the full 230p offer price.

Hopefully an indication that the price will continue to move back up from here.

Looking good.

Zeus currently forecast 19.c EPS for the year about to end, rising to 20.4c EPS next year, which should rise somewhat following today's acquisition and were anyway previously described as "conservative" by Zeus.

Even after today's rise, at 144.25p that's still a P/E of only 8.6.

CAPD have been the drilling contractor for Golden Rim at their Kada mine in Guinea.

Golden Rim have overnight announced they've "commenced a 10,000m reverse circulation (RC) drilling program" there. Lots more to come:

Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02614096-3A609866?access_token=83ff96335c2d45a094df02a206a39ff4

"Extensive drill program expected to increase the gold inventory in the Mineral Resource area as well as targeting other prospects along the Kada Gold Corridor.
• Follow-up drilling will be conducted at the Bereko prospect, where initial exploration drilling discovered multiple high-grade zones of mineralisation, including previously reported shallow oxide intersections of 11m @ 6.3g/t gold and 10m @ 5.6g/t gold.
• Drilling will target potential resource extension at the Massan prospect, where Golden Rim has discovered zones of wide gold mineralisation up to 400m outside the maiden Inferred Mineral Resource with 930,000oz1 of contained gold.
• 3,500m of diamond drilling (DD) is scheduled to commence in January 2023.
• First results from the RC drilling program are expected late January 2023."

"19 December 2022
GOLDEN RIM RESOURCES ASX:GMR 2
Golden Rim’s Chief Executive Officer, Tim Strong, said:
“On the back of our recent successful capital raising, we are extremely excited to commence this next phase of exploration at our flagship Kada project in Guinea to test for additional ounces at both the Massan resource area and the newly discovered Bereko prospect. This next phase of drilling aims to increase the inventory of gold ounces across the property.
“If successful, we expect this 10,000m drill program will confirm and expand the Mineral Resource at Massan, prepare us for a maiden Mineral Resource at Bereko, and discover additional areas for exploration within the central portion of the mineralised belt.
“As we receive results during the coming field season, I am confident that Kada will be firmly on the radar of the international community as a major new gold discovery in West Africa.’

Terrific value acquisition and immediately earnings-enhancing - CNIC are paying just $5.2m cash for $1.4m EBITDA.

So quite a considerable addition to the bottom line for not very much consideration.

There's also a reiteration of the perhaps more City-friendly strategy of "a more balanced approach of returns to shareholders, deleverage and complementary bolt-on acquisitions":

https://uk.advfn.com/stock-market/london/centralnic-CNIC/share-news/CentralNic-Group-PLC-Acquisition-Announcement/89804114

Good to see the Harwood Capital CEO, Christopher Mills, talking SUR up in this Vox Markets video from last week, where he says he's "no idea" why the share price drifted.

I'm pretty uninterested in most of the other companies mentioned except EKF, but SUR stands out a mile as "rock solid" as Paul Hill states - listen from 59 mins 30 secs:

Https://www.youtube.com/watch?v=hTrEvXGbeNs

Don't know if this link will work without you being registered.....

They forecast 1.32p EPS in the coming year, rising to 2.72p EPS in 2024 and 5.29p EPS in 2025:

Https://hardmanandco.com/wp-content/uploads/2022/12/221215-Hardman-Surface-Transforms-Major-OEM-10-order-OEM-8-delay-resolved.pdf

Extracts:

"Major OEM 10 order, OEM 8 delay resolved

The 24 November OEM 10 order raised the order book 50%. Even before this, it had
quadrupled in under two years. This latest £100m lifetime (six-year) order with
OEM 10 is the second order from this US mega-OEM – a major cornerstone. The
order book is now £290m. SCE has visibility of the order inflow. It had stated, in the autumn, that a new order would come before end-2022. A major milestone was achieved this half-year, as SCE registered several profitable months. The production ramp-up is very large, and the exciting growth at OEM 8 hit a pocket of air turbulence, knocking that ramp-up a little, affecting 2022 profits, but not 2023.

? Order book up six-fold in under two years: Three OEMs generate 2023E revenue, five in 2024E. End-sales of these models have waiting lists themselves, which adds visibility too. The models are mid- to upper-mid-market, and SCE
now has minimal exposure at the super-car end, which reduces demand-risk."

"Investment case: SCE is rapidly growing its 10% market share in this fast-
growth market. OEM 10 and OEM 8 have both placed several orders, and, while
true “game changers”, these have simply fitted into the broader SCE place in the
market expansion. 2H’22 saw OEM 9 arrive too. SCE delivers on a global OEM
base, margins are robust and production expansion is happening."

Welcome Qd22 :o))

Intriguing news flow from ZYT at present - yesterday saw another two news stories which show the potential and imagination in ZYT's products.

This one's about ElectroglaZ, developed with Pilkington::

Https://www.whathifi.com/news/check-out-this-crazy-glass-powered-wireless-speaker-system

And here's ZYT exhibiting ElectroglaZ plus multi touch round tables:

Https://technewsinsight.com/ise-2023-zytronic-shows-whats-possible-with-touch/

A brief mention in today's Shares Magazine from George Ensor, Portfolio Masnager at R&M UK Micro Cap - certainly is a "low valuation"!

"Our top performer in 2022 has been Capital (CAPD), a business that provides production and exploration drilling services for gold miners. High fleet utilisation has driven improving return on capital and cash generation and the shares remain on a low valuation despite the strong performance."

Also, good drilling results just out from Leo Lithium at Goulamina, where CAPD have a drilling contract. One drilling programme has been completed for 2022, and:

Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02612124-6A1128261?access_token=83ff96335c2d45a094df02a206a39ff4

"The resource drilling program for the rest of Goulamina as well as a sterilisation program is continuing with one RC and one Diamond rig on site. Results from the NE Domain drilling will be reported once they have been received and this is expected throughout Q1 2023. A restatement to the NE domain MRE would follow in early Q2 2023."

Good to see Kestrel buying another 325,000 shares at almost 137p per share:

Https://uk.advfn.com/stock-market/london/centralnic-CNIC/share-news/CentralNic-Group-PLC-Directors-Dealings/89787512

They now own 65.4m shares, or 22.7% of CNIC.

Https://www.kioskmarketplace.com/news/uk-railway-introduces-ticket-vending-machines-featuring-interactive-touchscreens/

"UK railway introduces ticket vending machines featuring interactive touchscreens
Dec. 13, 2022

The Govia Thameslink Railway in the U.K. is rolling out ticket vending machines with interactive touchscreens to network stations following a trial at Gatwick Airport, according to a press release.

The machines support The Williams-Schapps Plan for Rail strategy to improve the ticket purchasing experience for rail users. The machine's surface is made from a single piece of elongated glass measuring 80 inches diagonally, which protects the two screen displays. The top screen is for travel information and other targeted content, while the bottom is touch active for selecting and buying tickets.

The railway chose Zytronic and its U.K. partner, Display Technology, because of Zytronic PLC's ability to customize the projected capacitive touch sensors to meet the client's requirements and specification.

The machine surface is made from 6mm-thick, thermally-toughened glass, which is custom-machined and printed at Zytronic's manufacturing facility in the U.K. The lower screen, which is touch interactive, utilizes Zytronic's ZyBrid touch technology and patented ZXY500 multi-touch controller."

FYI from Unicorn AIM VCT's results this morning:

Https://www.investegate.co.uk/unicorn-aim-vct-plc--uav-/rns/final-results/202212140700036112J/

"Surface Transforms (3.1% of net assets, -£4.6 million) is a manufacturer of carbon fibre ceramic brake discs for the automotive industry. Surface Transforms has continued to achieve its objectives over the past twelve months, growing revenues through multi-year contracts, delivering on plans to secure new and high-profile customers and significantly expanding the total order book to almost £200 million. Importantly, Surface Transforms has also successfully raised a further £16 million of new capital, which will help fund required capacity expansion. With significant contracts and necessary funding now in place, the company's management team can focus on the fulfilment of existing orders. Subject to the successful delivery of existing contracts, the expectation is that the business becomes profitable and self-sustaining from a cashflow perspective during 2023. The disappointing share price decline therefore reflects the general decline in the value of AIM-listed stocks, rather than being caused by any operational or financial disappointments during the period."