Member Info for rivaldo

FYI here's extracts from today's Finncap's note, with a 40p target price. I suspect Finncap's forecasts for this year of $10m revenue and 1.7c EPS - i.e 1.42p EPS - are rather conservative, especially given the $5m of revenues in the last H2.

Which is a good thing imo. Not only is there therefore a good chance of beating forecasts, but the market doesn't get overexcited and I can continue topping up in the meantime :o)):

"FY22 results show a strong recovery and growth in revenue, assisted by North American market recovery and additional revenue from recent third-party component distribution agreements. The change in sales mix had some effect on gross margin, while incremental overhead cost reductions helped reduce pre-tax loss to $0.5m. SABER development is progressing well, with key tests surpassed, and remains on track for commercialisation in 2022. No change to forecasts, with market recovery supporting the near-term prospect and initial SABER revenues expected to commence in FY23. We maintain our 40p price target based on the exciting and substantial market opportunity offered by the introduction of SABER, its unique rotary steerable system."

"- Forecasts. No change to adj PBT forecast of £1.2m, with a lower GP margin of 55% offset by lower overhead costs. Our forecast year-end cash remains £3.0m.

- Valuation. We maintain our existing 40p price target. The company is progressively de-risking and expanding operating parameters for SABER and is on track for commercialisation before the end of 2022. SABER is a unique and disruptive product with a huge market opportunity. Early indications are of strong interest from potential customers. As SABER starts to demonstrate its market potential, we see significant scope for the shares to revalue."

Another $2.15m of new contracts to follow the £1.65m from last week. Record order books, and on track to meet market expectations. Excellent.

And the "largest contract to date in the critical minerals sector" at $0.9m.

Another locksmiths acquisition today from CSSG's £3.5m cash pile - £840,000 consideration is buying £108,000 of PBT plus almost £1m of assets.

Presumably that historic PBT will rise nicely given it was achieved during the pandemic to March'22:

Https://uk.advfn.com/stock-market/london/croma-security-solutions-CSSG/share-news/Croma-Security-Solutions-Group-PLC-Acquisition/88526892

A very reassuring H1 trading statement. DB and the team are always absolutely straightforward in their narrative, laying out the positives and the negatives, but here everything appears to be proceeding about as smoothly as this huge rollout of capacity and orders can be.

Profitability for this year and the £180m contracted order book have been reiterated, and this sentence is particularly interesting - a very nice teaser for imminent news flow!

"Furthermore, the Company continues to work with new and existing OEM customers and anticipates further contract awards in the second half of the year"

Good results for the year to 31st March.

H2 revenues were $5m, up from $2.3m in H1 - leading to a $0.9m EBITDA in H2 alone and an H2 $0.4m PAT.

That's an annualised $1.8m EBITDA with no improvement at all this year.

NTQ still has a £4m cash pile against the £10m m/cap.

SABER development is going smoothly, and its prospects are potentially gamechanging in not only oil, but also geothermal and methane capture.

There are new customers internationally and in the USA.

With the rig count climbing almost every week - and very nicely since the year end - I would expect those H2 figures to continue to improve.

Https://www.ii.co.uk/analysis-commentary/five-aim-share-tips-2022-brutal-first-half-ii524547

"Sureserve (SUR)
84.5p

Compliance and energy-saving services provider Sureserve Group SUR is trading strongly. Although costs are rising and hitting margins, growth in revenues is faster than expected.

Management plans to sell the fire and lift businesses and concentrate on the core social housing energy services businesses. Demand for gas and other compliance-based maintenance services is steady. While energy efficiency and smart meter installation businesses have strong long-term growth prospects.

The order book is 50% higher at £512 million, with £400 million due after this financial year, and it covers most of the forecast second half revenues.

Interim revenues from continuing operations increased by 24% to £126.2 million, while pre-tax profit was one-third higher at £4.3 million.

The non-core fire and lift businesses are profitable, and they made a slightly higher pre-tax profit of £1.24 million on revenues of £17.3 million. Those non-core businesses have net assets of £13.1 million.

Forecasts currently include the non-core operations because they have not been sold yet. Pre-tax profit is set to improve from £13.6 million to £16 million this year. The timing of any disposals will affect earnings until the cash is reinvested.

There was £8.86 million in the bank at the end of March 2022. This, and any disposal proceeds, will help to finance more acquisitions. There has been a 1p a share dividend paid this year.

There have been no nasty surprises from Sureserve and the prospective multiple of around 10 is low for a company with such good growth prospects. Buy."

Looking strong here, with more buying coming in at the full 140p offer price.

We already know from the trading update that results will be ahead of expectations, the balance sheet is strong and the outlook is positive.

And this is for a cyber-security business on a single-digit P/E....

Excellent appointment today for a variety of reasons as outlined by others below.

FNX to power mobile donations to the Bob Willis Fund fighting prostate cancer, with a new price point added this year:

Https://blog.fonix.com/fonix-to-power-mobile-donations-for-the-bob-willis-fund-79a26bbf5260

They've today raised their target price slightly to 156p (from 154p) and say Buy:

Https://investing.thisismoney.co.uk/broker-views/CAPD

As per his bi-weekly column late yesterday afternoon. Here's what Robbie has to say - very encouraging to hear the positive vibes about ADF from industry insiders:

"Trade of the day idea vote of the people went to Vikesh for Facilities by ADF, (ADF)

We were lucky to have a couple of very experienced TV and film professionals who both confirmed new productions were booming especially with new channels like Paramount.

That's important for ADF which runs the trucks and equipment needed for outside filming.

Both pros also gave the thumbs up to ADF which apparently has a good reputation in the industry.

A good look at the fundamentals reveals a company in great shape.

It seemed an excellent one to buy on the dips after the big sell off in small caps.

ADF should recover back to the 80s in time which is where I think it belongs."

by Mark Watson-Williams - it's worth reiterating that (1) WH Ireland state their assumptions on CPO pricing and costings are conservative, and (2) this year's net PBT will include increased cashew launch admin costs which will obviously be much less significant as cashew production grows:

"Dekel Agri-Vision (LON:DKL) – doubling in size within three years

Last Thursday’s announcement of the 2021 finals from this West African sustainable products group showed record results.

The group’s established palm oil operations reported a 66.2% increase in its revenues at €37.4m (€22.5m).

After a loss of €0.4m, its new cashew processing operation, following some initial hassles, is now underway and looks to be a real potential winner for the £16.6m agribusiness group.

In fact, the cashew side is said to be a business doubler within the next few years.

Analysts Nick Spoliar and Charlie Cullen at WH Ireland see cashews moving to centre stage.

For the current year to end December they go for revenues little changed at €36.3m (€37.4m) with adjusted pre-tax profits halving to €0.4m against €0.9m in 2021.

However, it is the next year that will see a big turn-around in results and operations.

The brokers look for revenues to rise to €50.4m in 2023 and then €58.9m in 2024, with profits of €4.2m then €7.2m respectively. That would put earnings up to 0.5c then 0.8c per share.

They have a fair value assessment of 9p per share compared to the current 3.25p.

In March this year the group’s shares peaked at 6.67p each, so the fall back in price actually offers ‘penny stock’ investors another opportunity to buy into a potential mover."

Excellent AGM statement - unusually confident and assertive.

As well as the good news on revenues and margins, I particularly like the hammering home of "a much broader base of recurring revenues" and also "the value of our products and the lack of direct competition".

Hi Gold....we already know what the prelims will show on 6th July from the trading statement, i.e a return to profitable $0.3m EBITDA and $7.2m revenues, ahead of prior expectations, following a vastly improved H2. That would reflect an excellent $0.9m positive EBITDA in the last H2.

The significance will come in the outlook, as this H1 should continue to show considerable improvement, and in commentary on commercialisation of the gamechanging SABER technology.

Https://www.touchstar.co.uk/blog/case-study-worcestershire-acute-nhs

The maiden post-IPO AGM will be on 29th July - hopefully there'll be an accompanying trading statement:

Https://uk.advfn.com/stock-market/london/eneraqua-technologies-ETP/share-news/Eneraqua-Technologies-PLC-Publication-of-Annual-Re/88485321

Great news as regards (1) the statement about continued "very strong demand", (2) the securing of $150m of revenues from Anglogold and (3) the new customer and contract win from B2Gold plus the MSALabs extension.

The revenue visibility going forward for CAPD is now extremely large following the Anglogold contract win. The markets should respond well to this.

Yep, lovely to see confirmation of both the commencement of production for OEM8 and of prior guidance towards profitability.

Which should reassure the markets nicely.

Happy with that - better than I'd expected given what we already knew about global supply issues and inflation in H2.

3.1p underlying EPS is very acceptable and a good base going forward given the new contracts being won and implemented in TP and the recovery in Aerospace.

Good to see $2.75m coming into the Group post balance sheet date due to a sale and leaseback of the Tucson TP site.

Also to note that the pension contributions have now peaked and will fall this year and next to stabilise at £3.5m. Great to see the IAS19 pension deficit fall by a third in just one year.

REAT had already flagged that contracts won would benefit H2 and that H1 would suffer from the additional investment in preparation for those contracts, so hopefully that's already in the share price.

Confirmation today that trading is in line with expectations for the full year should reassure the market.

Plus there's news today of "three contract wins in the education sector across four sites with a total value of approximately GBP798k" post the 31st March period end.

LaddersFree has also integrated quickly and well, and is set for a "record period of performance".