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Good coverage of the recent director buying:

Https://www.thearmchairtrader.com/enteq-technologies-quartix-technologies-glaxosmithkline/

"Enteq Technologies (AIM: NTQ) CEO Andrew Law bought 142,000 of shares in the company at 14.75p each, paying £20,945. The acquisition gives Law a holding of 1,219,403 shares, representing 1.8% of its issued capital. On 3 March he bought 142,850 shares, the second tranche so far this year, and he has been a consistent buyer of company shares over the past couple of years. Enteq, an energy services technology supplier, on 31 March announced its 2021 earnings were in line with expectations, with revenues above expectations. Enteq is also benefiting from the increase in the benchmark WTI oil price per barrel, from $63 in April 2021 to $92 in March 2022."

Interesting new interview with the CEO here:

Https://www.theceomagazine.com/executive-interviews/it-electronics/ben-crawford/

I like the last paragraph:

"In addition, CentralNic is a member of the World Economic Forum and advises the European Parliament on policy and helps governments in many of the world’s smaller countries build their digital economies. Plus, CentralNic’s own business is entirely in line with government priorities such as data privacy, as the company never went down the path of collecting and exploiting personal user data. “We’re building a different, more socially responsible model of what a tech company looks like and how it should behave from what’s gone before,” he says."

Now 843,000 shares traded today - all Buys. And the Buy price has now moved up to 15p.....

Nice turnaround into the blue from the MM's initial mistaken markdown. Zeus should be publishing their maiden research as SYS's new broker, but perhaps they'll wait until the prelims are out in June.

All the 252,000 shares traded already today have been buys, including three 50k's and two 40k's. Hopefully the dam here is about to burst.

Amati AIM VCT released their Annual Report to 31/1/22 last week, and FYI they had this to say about GTC:

"In March, we invested £1.7m in another new holding, GeTech, through a secondary placing. GeTech's core business is based around its geoscience and geospatial database and software products. Historically, these have been sold principally to oil and gas and mining customers. In addition to detailed geological and gravity mapping, GeTech's data can show how the geology of any given location has been formed. Over the past few years, the company has focused on diversifying its revenue streams, applying its data sets to water, transportation, nuclear, pipeline and electricity infrastructure sectors. In 2021 it bought the rights to acquire H2 Green, a company developing UK sites as hydrogen hubs for industrial use, and the placing was used to fund the development of these projects."

We already know that ACSO had a very good 2021 and that this year has started well.

And that's despite last week's news from Merlin that although the number of its visitors across its global operations in 2021 rose from 22.1 million to 35.2 million, this was still "some way short of the 67 million recorded in 2019".

The CEO said "he expected domestic business to return to 2019 levels this year, but its international business would probably take until the end of next year".

Imagine ACSO's results when international business fully returns. In the meantime UK and US attraction visitors should be back to normal or almost normal this spring and summer:

Https://www.thetimes.co.uk/article/bear-grylls-adds-a-little-bit-of-magic-to-merlin-entertainments-3k6v26frp

Https://www.fool.co.uk/2022/04/17/the-5-best-uk-stocks-to-buy-and-watch-now/

"In the current robust commodity price environment, I like the look of Capital. The business provides a range of drilling and mine site services to mineral exploration and mining companies. And with the share price near 106p, the forward-looking dividend yield is around 3.5%. In March, the company delivered an impressive set of full-year results and said, “Tendering activity across all business units remains robust, with a number of opportunities progressing”.

Chelverton Growth Trust, which owns 10.03% of TST (worth £595,000), reported their interims late last week.

They had this rather bullish comment about TST:

Https://www.investegate.co.uk/chelverton-grwth-tst--cgw-/rns/half-year-report/202204141512224691I/

"Touchstar has made further progress in the past six months with a positive trading statement at the end of January. The company now has a very strong balance sheet with some 40% of its market value represented by cash."

Chelverton Growth Trust, which owns 3.54% of PEG (worth £210,000), reported their interims late last week.

They had this very bullish comment about PEG:

Https://www.investegate.co.uk/chelverton-grwth-tst--cgw-/rns/half-year-report/202204141512224691I/

"Petards is also expected to shortly produce its 2021 annual accounts showing a return to profitability. A recent large buy-back and cancellation of its own shares demonstrates that the company has a strong balance sheet and that its Board considers the shares to be materially undervalued."

An encouraging update today, nicely in line despite the deliberate reduction in lower margin sales and the general economic climate - which SYS now states is beginning to improve.

So SYS are likely to have achieved around 3.3p historic EPS to 31st March - a P/E of just 8.8 for an IT services and cyber security company.

Plus SYS have a £3m cash pile, well ahead of the broker's £2.7m forecast and backing up a substantial percentage of the entire m/cap:

Https://uk.advfn.com/stock-market/london/sysgroup-SYS/share-news/SysGroup-PLC-Trading-Update-and-Notice-of-Results/87848594

Good to see the share price rise 1p after just a £2k buy :o))

Presumably not much stock around.

The US rig count continues to rise, now at 689 and up from 673:

Https://rigcount.bakerhughes.com/

Yep - up 4.5p today, looking strong.

Referencing an earlier comment, ADF's equipment and services are supplied to all the major film studio complexes,not just on remote "location" filming. After all, if Samuel L Jackson needs somewhere private after a scene, does he hang out in the studio cafe until the next scene? No - he goes back to his trailer, or goes to the make-up trailer etc etc.

Which means that the more studio complexes etc being built, the bigger the demand for ADF's services both within and outside of those major film studio complexes.

The CEO's been buying again - this time another £21,000's worth of shares at 14.75p:

Https://uk.advfn.com/stock-market/london/enteq-technologies-NTQ/share-news/Enteq-Technologies-PLC-Director-PDMR-Shareholding/87833960

Following the positive trading statement, the prelims aren't until 6th July. So the CEI iether reacting to one or both of the improving oil & gas environment and the likelihood of further SABER news flow soon.

Given the relative weighting pre and post placing with the post placing 964,339,358 shares in issue I calculate the share price should - in theory! - settle at around 1.5p.

If a "meh" H1 trading update is in the works, then perhaps it's now priced in anyway. After the initial sellers have exited the shares might bounce back to that 1.5p level or so.

I'd like to see the directors investing substantially in the placing.

Management have a lot of credibility to regain now. I'm expecting the H1 trading update to be reasonably good if not great given the comment about H2 in particular benefiting from all the recent contract wins.

That wealth of contract wins - approaching £10m from memory - and high recurring income/forward visibility give every reason for confidence.

The interims will be out on 17th May per today's RNS:

Https://www.investegate.co.uk/sureserve-group-plc--sur-/rns/notice-of-interim-results/202204140700063297I/

They should be good given the outlook from the prelims where SUR were "Confident for the year ahead" and "The Group's momentum has continued with a strong start to trading in FY22".

The Chairman also said "with a strong start to the current year, I look forward with confidence to the year ahead."

The Board are allowing short-term dilution for long-term gain via big acquisition plans - "target A" would cost £8.5m, and there are others in the pipeline, so this is serious growth given REAT's size.

Unfortunately they've been stuffed by Singer Capital Markets. The markets are obviously difficult at present, but even I could organise a fundraising at 1.2p. What a giveaway to the institutions :o((

Not even any opportunity for us via an Open Offer/rights issue/PrimaryBid. Perhaps this is to do with the necessity for speed to do the Target A deal, but this is not a good look for management.

I came across Paul Scott's (of Stockopedia) review of FNX's recent interims. I very often disagree with him, which is fine, but on this occasion can wholly concur with his verdict that FNX looks great!

Https://beforeitsnews.com/financial-markets/2022/03/small-cap-value-report-mon-14-mar-2022-more-cbox-fnx-3513749.html

Extracts:

"Fonix Mobile (LON:FNX) – excellent interim results, with simple, clean numbers, that I can’t find any fault in. This looks a decent GARP share, so gets a thumbs up from me. Cash generative, paying decent divis, and growing nicely, with a solid outlook. Also has very sticky, repeating business from established clients. There’s lots to like here, as a long-term hold."

"My opinion – what a smashing set of numbers, I’ve enjoyed reviewing this, so thank you to the readers who gave me a prompt to look at it.

I’d classify this as a GARP share (growth at reasonable price).

The talk about international growth is encouraging too, giving much larger total addressable market size.

Overall, Fonix gets a thumbs up from me, delivering decent interims, with a solid outlook, and at a price that I think can be justified."

River and Mercantile UK Micro Cap Unvestment Trust have today released their monthly review for March.

Their portfolio commentary includes this rather pleasing commentary on CAPD - which is now the Trust's third largest holding at 4.8% of the total portfolio:

"Capital, the African gold drilling and mining business, was the final material contributor. The shares gained 14% in the month following strong results and remains good value despite trading at all-time highs. We also promoted Capital from an S3 to S2 sustainability rating which follows a few years of engagement with the company and recognises the progress they have made on our key pillars."