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This is interesting from the Annual Report. It would seem that SDI should be quite a decent beneficiary from the pound's weakness this year:

"The Group’s principal exposure is to US Dollar and Euro currency fluctuations against Pound Sterling, and in both currencies, we sell more than we purchase and we have a higher level of debtors than creditors. This typically means that a relative devaluation of the Pound results in exchange gains and an improvement in competitiveness, whereas a revaluation has the opposite effects."

Great to see the Chairman buying £40,000 of shares at 677p.

Certainly encouraging as it's so unusual! Most intriguingly, it's just before the year end and the closed period.....

Which suggests that things might be going rather well, with the year end trading update due any time soon:

Https://www.investegate.co.uk/renew-holdings-plc/rnwh/director---pdmr-shareholding/202209131619023253Z/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Renew+Holdings+PLC%20Alert

Looks like a great acquisition for $11.2m (plus deferred depending on performance).

It's immediately earnings-enhancing, CNIC know exactly what they're buying as Aporia is an exclusive supplier to CentralNic, and Aporia is already achieving $2m historic EBITDA:

Https://uk.advfn.com/stock-market/london/centralnic-CNIC/share-news/CentralNic-Group-PLC-Acquisition-Announcement/89055099

Another 50k shares bought back at 54p just reported - good to see decent amounts being bought back rather than piddly amounts:

Https://uk.advfn.com/stock-market/london/mti-wireless-edge-MWE/share-news/MTI-Wireless-Edge-Limited-Transaction-in-Own-Share/89048867

Here's a 14 minute interview with Hardman's analyst about SCE. Interesting comments about how as production costs and sale prices fall with rising production SCE's brakes should enter the mass market and sales could "explode":

Https://vimeo.com/748321503?embedded=true&source=vimeo_logo&owner=34865145

Cenkos retain their forecasts today:

this year - 4.6p EPS
next year 5.9p EPS

They state ADF are "materially undervalued". ADF should be trading on a P/E of 15, which would give a share price of around 89p looking forward.

That of course also excludes the impact of any earnings-enhancing acquisitions from the £16m of available cash.

They summarise (extracts):

"Facilities by ADF have released interim results for the period ending 30 June 2022 and in-line with their prior trading update. ADF achieved record revenues in H1/22A and has continued to grow their fleet to support future growth. The current trading and outlook remain in-line with our expectations, and we leave forecasts unchanged. The valuation remains attractive with an FY23E P/E ratio of 10.1x and a normalised FCF yield of c15%."

"Valuation – We believe ADF is materially undervalued for a number of reasons. Following a successful IPO and a strong FY21A, there is currently c£16m of cash on the balance sheet that could be deployed into potential acquisitions or investment opportunities, none of which are included in our current forecasts and therefore presents significant upside potential.

ADF currently trades on an FY23E P/E ratio of 10.1x; we believe they should trade closer to 15x, which is at the top end of the equipment hire peers and more in-line with streaming peers given it has superior earnings growth and higher net margins. Furthermore, the normalised discretionary FCF yield is a healthy c15%."

SDI's Sentek introduce a new generation of sensors:

Https://www.sentek.co.uk/introducing-a-new-look-for-sentek-electrodes/

"Introducing a new look for Sentek electrodes
Date Posted: 08/09/2022

Available to pre-order today, next generation sensors offer updated features that draw on the years of hands-on experience that have shaped the electrode cap and refill seal, all whilst maintaining the same affordable price.....

.....“We’re thrilled to be launching this exciting new product upgrade which provides our customers with a stylish and reliable sensor” said Kenny Petrie, Sentek’s founder and Technical Director. “At our core, we constantly strive to provide our customers with exceptional quality at a reasonable price, and the features of this new design achieves just that.”

AmcoGiffen and Carnell have teamed up on a new JV for a 6 year National Highways framework which has already commenced:

Https://www.amcogiffen.co.uk/news/agc-first-project-for-new-joint-venture

"07/09/2022
New Highways Joint Venture Delivering for National Highways

AGC has almost completed its first project as a leading provider of road restraint systems (RRS) for National Highways, on their six-year Scheme Delivery Framework, which commenced in 2021.

The scheme located in the East Midlands, is carrying out safety barriers, find and fix work on M69 junction 1 to M1 junction 21 to create safer journeys for customers.

AGC, which comprises AmcoGiffen and Carnell will deliver barrier and fencing works in the central super region, and north west and north east regions.

The joint venture expertly marries highways with rail delivery methods and means that we can draw upon different skills and capabilities from both sister organisations, adding strength, combining competencies and specialist abilities.....

.....This is just a flavour of some of the activities that AGC will offer to help National Highways safely deliver an intense programme of investment over the coming years.

Bryan Kennedy, Operations Director, AmcoGiffen, said: “I’m excited that AGC has started its journey with National Highways and can bring fresh new ideas to support their crucial delivery plans. Our collective expertise means we’re able to innovate, adapt and flex to meet the needs of National Highways and its customers as it moves through RIS2 and beyond. We know that AGC will play a key role in helping National Highways future-proof our strategic road network and we’re delighted to be a part of that.”

Good to see the access and control side winning new business:

Https://www.touchstar.co.uk/blog/gbsiot-touchstar-atc-case-study

Interesting £1,400 buy just now at 185p - way above the published 177p offer price......

Well, well....a placing and retail offer at 265p, with the minimum $110m entirely bankrolled by Unikmind (Teddy Sagi)! Which just shows his confidence here:

Https://uk.advfn.com/stock-market/london/kape-technologies-KAPE/share-news/Kape-Technologies-PLC-Proposed-Placing-to-raise-US/89044036

Looks like more acquisitions are on the way then. The placing price is somewhat disappointing, though no doubt arranged with yesterday's opening share price in mind, but if it results in the kind of growth we've seen to date then both Unikmind and other shareholders should see significant benefits.

Good to see ACSO reiterate that they expect 2022 to be in line with expectations.

The cash pile is at almost $59m, down slightly for various reasons. In particular, H1 is always by far the seasonally weaker period, so given that we're now in mid-September ACSO should be pretty confident of meeting those expectations or they wouldn't be saying so.

The Food & Retail acquisition made July 1st is intriguing - from the narrative it would appear to open up the entire restaurant and hospitality sector for ACSO as well as just those in theme parks etc?

I'm guessing Six Flags are the operator who've changed their admission policies as mentioned to a more premium product, which fortunately hasn't had a material effect.

Another $600,000 of change request income reported today.

2022 revenue visibility is now up to $8.5m, so with forecasts at $9m for the year and 3.5 months still to go, there must be a good possibility that forecasts will be at least met and potentially beaten:

Https://uk.advfn.com/stock-market/london/pelatro-PTRO/share-news/Pelatro-PLC-Contract-Wins/89043759

"Commenting on this win, Subash Menon, Managing Director and CEO said, "We are continuing to experience significant momentum in our business and are confident of generating further growth in the foreseeable future."

H1 results today show revenues up nicely on 2021 despite last year being exceptionally good due to the Covid bounce. Costs are up as flagged and known about due to the more numerous but smaller-scale productions in the period.

With the balance of larger-scale productions rising in H2, ADF have stated that "the Group continues to trade in line with market expectations" for the year, i.e 4.6p EPS.

It's also good to see ADF ending H1 with a £2.4m cash pile - particularly as ADF state they're in talks with several companies for acquisitions.

Order books are now full for this year, with further visibility for next year, and ADF's potential markets are continuing to grow exponentially - the section on new studio openings is a good read.

Good news:

Https://www.touchstar.co.uk/blog/parpetroleum

"Par Petroleum select Touchstar EPOD solution"#
08 September 2022"

"To tackle the challenge of reducing paperwork and streamlining processes, TouchStar will be using their comprehensive API integration and working with the existing CODAS back office system to integrate processes seamlessly. As a result, the trucks and back-office systems will communicate with one another in real time, providing a greater level of automation and reducing paperwork.

Process improvements will include

Real time transmission of ePOD’s, to enable same / next day invoicing
Control of driver workflow to a standardised level, for improvements to efficiencies, safety and service
Automated, electronic start of day vehicle checks
Significant reduction of manual data entry, to eliminate effort and potential human error
Single entry – either on the tablet device or directly at the meter
Full, real-time integration with the back-office system, CODAS
Removal of the need for pre-printing delivery tickets.

Another significant benefit will be ensuring compliance with SLA’s for Par’s haulage customers. Leanne Hardy (Managing Director, Par Petroleum) is delighted by their choice of the Fuelstar system: “Touchstar solutions are specifically designed for the fuel distribution industry and we are very confident Fuelstar will streamline and improve our end-to-end delivery processes.”

The August numbers themselves are pretty poor, to say the least.

But it's promising to actually see some optimism about CPO production in the narrative, which is the first such good news there's been for a while.

And cashews are at last starting to come together:

"we should be in a position to report a significant uplift in production capacity at the time of next month's report"

When the following sentence is true the this company will - finally - be transformed:

"We are entering an exciting phase of reaching our objective of operating an enlarged Company with two material revenue streams from 2023 onwards."

WH Ireland retain their 9p valuation today, and summarise:

"Today’s announcement from Dekel marks a significant milestone for the company’s cashew operation. While not unexpected, the news that all key items of equipment have now arrived at the cashew plant and are in the process of being commissioned is highly encouraging and further de-risks project expectations. Following a short period of installation and testing, the company expect that cashew production in October will see a step-change in daily output, which should support positive cashgeneration from the cashew business as early as Q4-22E. On the palm oil front, fresh fruit bunch (FBB) quantities remain depressed compared to strong prior year comparators; however, the company notes early indications in September that volumes may be trending upwards and we expect yields to normalise into next season. Palm oil pricing locally remains near all-time highs despite weakness in global markets, with DKL’s average selling price increasing month on month to €1,050 per tonne.

Overall, the next few months is set to be highly positive for DKL, with the cashew project now close to entering full production, CPO and PKO prices remaining strongly supportive, and the potential for an increase in FFB yields into the next high season. DKL’s two, fully-invested and profitable processing projects should shortly provide positive cash flows, supporting the company’s plans to reduce levels of debt and explore dividend payments in due course."

"Forecasts / Valuation

Trading on a forward EV/EBITDA of 5.5x, falling to 3.9x in FY24, and following a material de-risking to our forecasts for the cashew project over the last few months, we see significant upsides in value. We retain forecasts set on June 13th (see our initiation note : DKL Note) as well as our DCF and comparator-based fair value assessment of 9p"

Good to see share buybacks starting again now with a 50,000 share purchase - should help support the share price nicely. No doubt they'll be re-sold to institutional investors such as Miton and Herald as in the past:

Https://www.investegate.co.uk/mti-wireless-edge--mwe-/rns/transaction-in-own-shares/202209120913240879Z/

Nice summary from the respected Techmarketview:

Https://www.techmarketview.com/ukhotviews/archive/2022/09/12/demand-for-digital-privacy-security-powering-growth-for-kape

"Monday 12 September 2022

Demand for digital privacy & security powering growth for Kape

Kape TechnologiesKape Technologies plc (AIM: KAPE), a UK based consumer-focused security software provider, announced strong growth for H1 FY22, driven by the growing amount of personal data online and subsequent heightened demand for digital privacy and security solutions.

Revenues increased by 216.6% to $302m, a 19% increase yoy on an organic basis. The business also saw strong growth in recurring revenues to $268m, an increase of 353.5%. Most of the growth in recurring revenue was due to the acquisition of ExpressVPN in December 2021. Kape now have c.7 million paying customers across their products.

Kape's privacy segment revenues grew 19% yoy in H1 2022 on a pro forma organic basis, with the security division growing 15.7%. The company says it has made ‘exceptional progress’ integrating ExpressVPN. The business has created unified teams across the privacy business, on track to realise $9 million in synergies in 2022. Kape's content division, based on the Webselenese acquisition, generated organic growth of 25% yoy.

Kape expects to generate revenues for the year ended 31 December 2022 of between $610-624m and adjusted EBITDA of between $166-172m for the year ending 31 December 2022.

With individuals owning a wider collection of personal digital devices, and phishing and social engineering attacks growing in sophistication, consumers are increasingly seeking to obtain more comprehensive cybersecurity coverage across their range of appliances. With personal devices also increasingly being used to access corporate networks, it is more important than ever for businesses to ensure employees understand the need for strong digital security in the home, as well as when accessing company systems."

Techinvest's new issue is now out, so it should be OK to copy their Buy commentary from August's issue FYI:

"MTI Wireless Edge 55.5p (MWE; AIM)

MTI has announced that its Distribution & Professional Consulting Services division has won a three-year contract (with an option to extend for a further four years) with the Israeli Ministry of Defence, which is expected to be worth US$1.4m per annum or US$10.0m over seven years.

This is a significant contract win and on a seven-year basis it is the most valuable contract that MTI has ever won. The contract was secured through PSK, a business in which MTI acquired a 51% stake in January 2022. PSK is already proving to be a strong acquisition with a number of orders secured in previous months prior to this latest order. Continue to buy."

Techinvest's new issue is now out, so it should be OK to copy their Buy commentary from August's issue FYI:

"CentralNic 126.75p (CNIC; AIM)

CentralNic has announced that positive trading momentum has continued and organic growth has further accelerated during the second quarter of 2022. For the first half, the company now expects to report revenue of US$335.0m, an increase of 92% from a year earlier, with organic growth of 62%. Adjusted EBITDA is expected to be 85% higher at US$38.0m. At June 30, net debt was down 20% to US$65.0m. Management expressed confidence that the group will meet at least the upper end of current market expectations for full year ending December 31. Interim results are scheduled for release on August 30.

CentralNic’s strong performance in the first half resulted mainly from the growth of its Online Marketing Segment, driven by increased demand for privacy-safe online customer acquisition services. Organic growth of 60% was a further improvement over the 53% reported for the twelve-month period ended March 31. Consensus broker forecast for the current year is for earnings per share of 12.6p, rising to 14.2p for fiscal 2023. On a prospective P/E of 8.9 for next year the shares continue to look excellent value. Buy"