Member Info for rivaldo

Confirmation that the "ahead of current market expectations" full year results will be Thursday 26th May:

Https://uk.advfn.com/stock-market/london/facilities-by-adf-ADF/share-news/Facilities-by-ADF-plc-Notice-of-Results/88141357

Https://citywire.com/funds-insider/news/the-expert-view-imperial-brands-croda-international-and-ssp/a2387679?ref=citywire-money-latest-news-list#i=5

"Accesso’s just the ticket, says Shore Capital

Accesso Technology (ACSO) has provided an encouraging trading update and Shore Capital says global trends are underpinning an optimistic outlook.

Analyst Katie Cousins retained her ‘buy’ recommendation on the ticketing and queuing software provider, which slipped 2.7% to 730p.

‘The group appears motivated and excited about the future of the business, and we continue to remain optimistic about the opportunities for Accesso which we see as underpinned by global trends driving e-commerce adoption across consumer venues,’ she said.

Over the medium-term, Cousins said there was ‘scope for a recovery to a sustainable cash Ebitda [earnings before interest, tax, depreciation, amortisation] margin of over 20%, driven by the combined impact of strategic investments, better cost control, and increased global exposure’.

‘We expect this to be supported by attractive cash generation,’ she said."

Hmmm...20,000 shares just reported bought at 68p, when the full published offer price is currently 65p.

Very keen!

Singer has issued a new a note- they reiterate their target price of 250p.

They also note that H2 sales are usually higher than H1.

I thought this was a pretty good performance in the Covid-affected H1.

Against a £12.5m EV ZYT look on track to produce say £1.8m-£2m EBITDA and £1m PBT for the year assuming the positive outlook prevails and H2 improves over that pandemic affected H1. Very good value at these levels imo if so.

Singer go for £2.1m EBITDA and £1m PBT this year per their note. With a £7.3m cash pile at the year end assuming the share buybacks continue.

News today that the Q1 results will be next Monday May 23rd, with an Investor Meet presentation too:

Https://www.investegate.co.uk/mti-wireless-edge--mwe-/rns/notice-of-q1-results-and-investor-presentation/202205170700106863L/

Currency movements are going the right way for MWE. Firstly, the dollar's strength against the pound means that MWE's results reported in dollars - and the significant dividend - will be that much higher in sterling.

Secondly, in 2021 MWE suffered a headwind from the strength of the shekel against the dollar - but this year to date the shekel has fallen against the dollar, i.e a tailwind for MWE.

Numis have retained their 900p target price - and have now upgraded to Buy (from Add).

They note that their unchanged forecasts are conservative, given that the H1 actuals therefore imply a forecast 4% decline in EBITA in H2! In addition, last year's numbers split 47%/53% H1/H2, so the seasonality further indicates that the year's outturn should be pretty strong against forecasts.

Numis summarise:

"Renew's 1H22 results were in line with our expectations, and reflected a period of consistent delivery against a backdrop of mounting supply chain and inflationary concerns. With H2 having started well and in line with management expectations, we leave our forecasts unchanged. We believe that the Group's direct delivery model, its position on long-term frameworks, and its exposure to UK infrastructure opex spend, are all factors that should help to business remain resilient in a more uncertain environment. We retain our 900p PT and upgrade to BUY from ADD."

"Valuation: The shares have sold off along with the wider market since December's Prelims, and now trade on a FY23E PE of c.12x and EqFCF yield of c.7%. We do not think these multiples reflect the Group's track record of performance, strong balance sheet, or favourable end market exposure, hence our upgrade to BUY"

Probably those who bought in pre-results looking for a short-term profit being mugged by the MMs when they tried to exit. This very rarely seems to work, I don't know why people bother!

The share price has already bounced somewhat. On a P/E almost in single figures, and with such huge future revenue visibility, the share price should be at least 100p imho.

Pleasantly surprised by the results, which were nicely ahead of broker expectations. The outlook is confident too.

Producing 4.65p adjusted diluted EPS in a pandemic-hit year when Chinese sales and hand sanitizer sales both reduced to almost nothing is pretty impressive.

Hopefully the new Samarkand distributorship agreement will kick in smoothly and quickly given SMK's already existing trade routes into Asia.

Cenkos have introduced what they call "conservative" forecasts of 4.52p adjusted EPS this year.

They summarise:

"FY21 results, positive outlook

Venture Life Group has reported its results for FY21A, with revenues and adjusted EBITDA coming in ahead of our forecasts. Revenues, supported by two acquisitions, grew 9% to £32.8m with the acquisitions more than offsetting lost FY20A COVID-related sales and significantly reduced shipments to China. The gross margin was also affected by these factors, though also supported by higher margin acquisitions. Adjusted EBITDA grew 8%.

Management have provided a positive outlook for FY22E, based on trading to date and the order book, which supports our forecasts and the introduction of FY23E expectations. We believe the company has set strong foundations for growth and maintain our Buy recommendation."

"Investment thesis – We believe the H2/21A performance demonstrates the potential within Venture Life. Looking forward, the company has a stronger and broader portfolio of Brands, a larger order book (vs the same point in 2021) and increased available manufacturing capacity to support organic Group level growth. With a strong balance sheet, we expect this organic growth to be supported by additional accretive acquisitions. We maintain our Buy rating."

An encouraging (if somewhat vague!) AGM statement today.

Since the prelims and the outlook therein were so bullish, we can take comfort from the CEO saying today:

"I'm very pleased with how accesso has started 2022. We've continued our momentum from 2021 and we are executing in line with our plan for the year"

A little more detail would have been good, but hey......

Shore Capital have retained their forecasts:

- 8.1p EPS for this year to 30/9/22
- 8.9p EPS for next year to 30/9/23

The cash pile is expected to rise to £21.3m this year and £31.9m next year.

A very good performance in H1, with EPS up 38% on last year.

Remember that there's significant seasonality, so SUR look well placed to meet or beat forecasts. The outlook is confident overall - above all, revenue forecasts for the year are already 96% covered by orders.

The £512m order book is up 50% year on year!

Net cash continues to rise, now at almost £12m.

Analysis is a little muddied by the businesses for sale. Including these the 2.8p basic EPS for H1 means SUR are well on track for 8.2p EPS forecasts, given the 4.9p EPS achieved in last year's H2.

Prospects remain very good considering the long-term prospects and order books, and it seems inevitable we'll get acquisition news sooner rather than later.

Excellent H1 results.

Given the H1 performance RNWH look likely to beat forecasts of 53p-55p EPS this year imo.

The order books are rising, margins are increasing, RNWH are almost into a net cash position again, the risk-averse should love the pension scheme buy-in, and the divi is up 17%.

Above all, the outlook is extremely confident. There are growth prospects in so many areas - water, rail, ESG/green, nuclear, EVs, 5G/telecoms - and all largely underpinned by long-term frameworks with little discretionary spending.

Here's a link to the FuelStar win:

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

Allan Stobart Fuels are part of the rather large WCF Group, which in 2021 had £151m turnover and made £4.7m PBT. Hopefully a little cross-selling across the rest of WCF might go a long way.....

Interesting also to see TST's Sales Director (fuel division) describe the recent UK Distributors' Expo as "The best Expo I’ve attended in twenty-five years”, noting that "we had an incredibly busy time on our stand":

Https://www.touchstar.co.uk/blog/ukiifda2022

MartinHu, the Bilcon Danish strategic co-operation was only announced on Jan 27th 2022, as per below - not sure what more you could expect in only 3 months since then?!

Https://fueloilnews.co.uk/2022/01/touchstar-and-hmk-bilcon-announce-new-strategic-cooperation/

RNWH's VHE are one of the companies newly selected for a £1.1bn demolition and land preparation 4 year framework:

Https://www.constructionenquirer.com/2022/05/10/winners-revealed-for-1-1bn-demolition-framework/

More coverage on VHE's web site:

Https://www.vhe.co.uk/news/vhe-success-on-the-pagabo-demolition-and-land-preparation-framework-10-05-2022

"VHE success on the Pagabo Demolition and Land Preparation Framework

VHE Construction plc are please to announce that we have secured a place on the Pagabo Demolition and Land Preparation Works Framework for the next 4 years.

We are on all of the Land Preparation Lots from the Midlands up to and including Scotland and are looking forward to engaging with the frameworks ecosystem and the opportunities that it will bring."

The US rig count rose another 9 last week, up to 714 now:

Https://oilprice.com/Energy/Energy-General/US-Rig-Count-Continues-To-Rise-As-WTI-Hits-110.html

Hybridan also issued a research note after the recent results.

For this year they forecast 1.05p EPS, £1.58m EBITDA and £0.6m PBT.

The gross cash pile increases to £2.7m, i.e 40% of the m/cap.

They conclude:

"Petards also continues to review relevant acquisition opportunities and retains a strong discipline when it comes to agreeing fair value. Meanwhile shares in Petards trade at under 0.5x forward revenues, 10.7x earnings and an EV/EBITDA multiple of just over 2.5x which in our view offers compelling value."

This is interesting:

"Petards notes that the Petards Virtual Technology Centre has been successful in providing a focussed technical forum to drive forward the Group’s product development plans. Petards is presently trialling with a major train operator, an artificial intelligence and machine learning solution which utilises Petards’ existing technology. If successful, this on-train solution would provide rail operators with the potential for real time data analytics to identify on-track hazards and safety improvements to their rail networks."

SDI were one of the "Great Ideas" in yesterday's new issue of Shares Magazine, but I suspect today's bounce is more a reflection of the better markets and people taking advantage of low prices given the superb recent news flow.

Here's the article......

"HAVING DRIFTED LOWER amid a wider sell-off for growth and technology stocks, a stellar trading update on 6 May has helped give science kit maker SDI (SDI:AIM) a boost.

SDI is a collection of businesses which design and manufacture sensing, digital imaging and control equipment used in sectors such as life sciences, healthcare and art conservation.

In a record result for the business, sales are expected to be approximately £49 million for the year to 30 April 2022, versus £35.1 million in 2021. SDI is guiding for organic sales growth in excess of 20%, which would be an improvement on the previous year’s 19% organic growth.

Adjusted pre-tax profit is expected to be at least £10.5 million, up from the previous year’s £7.4 million. Analyst consensus estimates stood at £9.65
million adjusted pre-tax profit on £46.65 million revenue in advance of the update.

FinnCap responded by raising its 2023 revenue and adjusted pre-tax profit estimates by £2.5 million and £1 million, respectively.

SDI expects another record year in the 12 months to 30 April 2023, also ahead of
previous expectations.

SHARES SAYS: ?
The recent share price performance does not reflect how well the business is doing. Keep buying."

Cheers - another very, very confident interview. A bargain at these levels imho on a P/E barely above 10.

News coming along like buses....

Https://www.airmedandrescue.com/latest/news/gama-aviation-offers-hems-hire

"Gama Aviation offers ‘HEMS for hire’
11 May 2022

Sporting events, film locations, motorsport venues now can hire a dedicated package of medics combined with Gama Aviation’s Airbus H145

Gama Aviation is continuing to build its UK air ambulance offer by introducing a new service specifically aimed at the UK’s motorsport, events, and film and television industries.

The service seeks to provide fully crewed turnkey helicopter emergency medical services (HEMS) for situations that require additional medical infrastructure to support a specific safety case or insurance requirement. The service will offer helicopter air ambulance support that is fully crewed, allowing a variety of options to be deployed depending on the event, location, and medical support requirement.

The company is predicting interest in the ‘HEMS for hire’ offer that will see its Airbus H145 D2, G-GMAH deployed. The aircraft, equipped for day and night operations will fly under a single pilot and Technical Crew Member (TCM) model with the medical team being allocated according to the required mission type.

etc"

A poster elsewhere has posted that "results will be coming out on May 17th and that the 'delay' versus established schedule has been caused by a trade exhibition being put back this year, meaning that management time had to be dedicated to operational needs, rather than corporate ones."

Another 50,000 shares were bought back yesterday - that's almost 1m shares bought back now, or nearly 9% of the shares in issue before the buyback programme commenced.

One can only presume that the results next Tuesday will back up the confidence shown in all of this :o))