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Nice validation of CSSG's services and newer products.....

CSSG "are delighted to announce that Croma Vigilant and Croma PROception have been selected as finalists in four categories at the Security & Fire Excellence Awards 2021 in London!

These include “Customer Service Initiative of the year – Croma PROtouch”, “Security Product of the year – Croma Connect”, “Security Solution of the Year – Croma EVA” and “Individual Lockdown hero – with our very own Syed Hashmi”."

Https://www.linkedin.com/company/croma-security-solutions-group-plc/posts/?feedView=all

Surging again today. The new interview with the CEO is absolutely terrific and can be seen here:

Https://www.pressreader.com/uk/the-herald-1130/20211025/282299618375105

This is a terrific quote from the CEO:
""New technology needs more testing and new test equipment. It looks like it's going to be never-ending for us until I get my retirement plan kicked into action and long beyond it."

"Never-ending" growth is not a phrase you see too often. Especially from a usually cautious guy like Tommy Cook.

There's other great quotes about the coming 6G and what will be happening over the next 10 years, along with the huge potential for CLX in data centres, and the likelihood of further, and larger, acquisitions.

Plus the move to hybrid working for the entire workforce could lead to quite a material reduction in costs/overheads.

This is now looking like the kind of long-term hyper-growth story I was hoping for when I invested at around 50p immediately post-IPO.

Indeed - it's a good start to life as an IPO.

But this is one for the long-term. Have a read of the Aim admission document - this is a company which could trade at multiples of its current m/cap over time if management can deliver anywhere near what they're promising.

Progressive's new research note out today is predicated on a new funding valuation for one of KAPE's peers, Aura.

Aura have been valued at 10-11 times sales.
KAPE are valued at just 2-3 times sales.
And KAPE are on a P/E for the coming year of only 13.1 on the forecast 40.1c EPS.

That's a crazy differential in valuations, even allowing for just a portion of the differential let alone the entire upside of some 300%-400%.....

Https://www.progressive-research.com/company-coverage/Kape-Technologies-plc/

"We note that one of Kape’s peers, a US-based cyber security player named
Aura, has raised a significant sum ($200m) from a group of well-known
investors, at a valuation that appears to be c.10-11x revenue. We continue
to believe that Kape is well-positioned within the sector, and look forward
to further news as the group integrates the ExpressVPN acquisition.
? Aura fundraise details: Aura last week announced a fundraise of c.$200m
from a group of investors including Madrone Capital Partners, a number
of other tech/cyber security focused funds, as well as Warburg Pincus and
Accel. These names represent a group of well-regarded, largely specialist
investors that have strong track records of investing in technology
businesses in the private sphere.
Aura’s valuation is quoted at $2.5bn post-money ($2.3bn pre-money).
Based on annual revenues the company indicates as being “more than
$220m”, which we assume is a reasonably accurate current figure, this
would equate to around 10-11x sales.
? Degree of comparability and valuation metrics: Aura is a consumerfocused business that claims over one million customers, and offers a
range of products & services similar in many ways to Kape: identity theft
protection; password management; monitoring of financial transactions;
device and network protection (including a VPN product). A number of
these products are analogous to Kape’s. Given Aura’s focus and location,
it may be fair to assume that most of its customers are based in North
America,similar to Kape which has over 40% of its customers in the region.
As shown in the table below, Kape is currently trading on between 2x and
3x 2022E revenues (the first full year to include ExpressVPN revenue).
Kape’s sales multiples have been steadily rising over the years (from below
1x sales in 2017) as the business has matured and evolved, expanded its
SaaS offering, and built a clear and defensible position in the cyber
security space.
UK investors look to valuation criteria from multiple sources, with both
public and private market yardsticks relevant to their decisions. Equally,
activity in overseas markets is often considered, and for the cyber security
market the US clearly is a major barometer of sentiment and valuation.
The valuation read-across from this deal is clear, and despite its recent very
strong performance, Kape is still trading at levels well below sector peers"

2021 revenues are now expected to be $124m (up from the previously forecast $117m). That's above pre-pandemic levels....

And "profitability continues to improve as the growth in its higher-margin products outpaces those products with lower margins".

It looks like 2022 will be an absolutely bumper year, whilst 2021 is looking better and better for ACSO with "high demand in its end markets, coupled with the increasing use of its revenue-generating technology across its customer base" and higher margin sales doing the outpacing:

Https://uk.advfn.com/stock-market/london/accesso-technology-ACSO/share-news/Accesso-Technology-Group-PLC-Trading-Update/86377572

Nice sudden move up - overhang cleared?

FYI here's a brief interview with the CEO immediately after flotation talking about expansion into Europe and the USA, improving the number of crops/yields per year by some 200%-300% or so etc:

Https://twitter.com/LightScienceTec/status/1452912502442975237

There's a new interview with the CEO here, but it's subscriber-only unfortunately....any Scottish readers here?!

Https://www.heraldscotland.com/business_hq/19667894.listed-life-suiting-calnex-chief-cook-ground/

Great to see LST up 23% - and especially with a huge 3.6m shares traded already today any sellers should have easily been able to exit by now, leaving the way clear for news flow to have a decent impact.

In addition to the huge investment in life science infrastructure I've just outlined, the Government have also today announced £5.9 billion of new funding for the NHS.

This is to be used "for physical infrastructure and equipment - not day-to-day spending".

£2.1 billion is to be spent on digital infrastucture, but the remaining £3.8 billion should definitely benefit SDI as it's going towards:

"£1.5bn to be spent on more beds, equipment and new "surgical hubs", each with four to five surgical theatres to tackle waiting times"

and

"£2.3bn - will be used to fund more diagnostic tests"

Https://www.bbc.co.uk/news/uk-59030945

Unikmind Holdings have been buying substantially more shares - after the placing they had increased to 181,338,821 shares, and now they have 187,442,335, so they've bought more than 6m shares recently on the markets:

Https://uk.advfn.com/stock-market/london/kape-technologies-KAPE/share-news/Kape-Technologies-PLC-Holdings-in-Company/86354685

Great news today for RNWH - its Seymour Civil subsidiary is Hartlepool-based and has already won loads of work at the Redcar transformation. There's bound to be more coming their way here with another £200m being spent:

Https://www.thetimes.co.uk/article/loan-is-cue-for-launch-of-teesside-quay-gwzl786bk

"The UK Infrastructure Bank has made its first investment, lending £107 million to finance a project on the site of the old Redcar Steelworks on Teesside.

The government loan will be used to build a new quay to service the offshore wind industry, where equipment can be built, stored and shipped. The new development, which is expected to cost about £200 million in total, will support about 800 jobs in the area."

Mayers, I perceive the situation to be exactly the opposite. RNWH have already stated that profits will be materially ahead of expectations, and have quoted a minimum level of £50m - therefore it's likely that the final figure will be still further ahead of the quoted figure.

Moreover, the current year forecasts will therefore likely be lifted to adjust for the raised expectations. So we should get a virtuous circle of both higher historic figures and increased forecasts to lift sentiment still further for RNWH.

Huge life science expansion is happening right next to SDI's Cambridge offices:

Https://www.thetimes.co.uk/article/start-ups-first-in-line-for-cambridge-science-hub-s-450m-expansion-ppwvsgsh9

Extracts:

"The world’s biggest warehouse landlord is set to build £450 million of new laboratory space in Cambridge as it seeks to cash in on Britain’s booming life sciences sector."

"Prologis, which is based in San Francisco, has bought out Countryside Properties, its London-listed joint venture partner, to take full control of the second phase of expansion at Cambridge Biomedical Campus."

"Prologis will build an extra 400,000 sq ft of office and laboratory space. The first project will involve a 100,000 sq ft, five-storey space costing £65 million."

"Britain’s life sciences industry employs more than 250,000 people and turns over about £81 billion a year. It has emerged as one of the hottest property sectors, with the pandemic having burnished its credentials further in the eyes of investors."

"Blackstone, the American investment group, is spending £850 million building 800,000 sq ft of office and laboratory space in Cambridge, while Brookfield bought several life sciences sites in the golden triangle for £714 million over the summer.

In addition to its £450 million investment in the life sciences sector, Prologis has committed to building another £1.5 billion of warehouse space in Britain over the next three years. The group, which counts Amazon as a tenant, expects that the new warehouses will support about 14,000 jobs."

Interesting article in today's Mail on Sunday about finding stocks benefiting from the "green revolution" in housing. The only problem is it omits to mention SUR, which delivers both insulation AND heat pump installation/maintenance.....

Https://www.thisismoney.co.uk/money/investing/article-10123119/Back-winners-PM-Boris-Johnsons-1trillion-green-gamble.html

Cheers andysmall - should be a nice reaction this week. Your posts omitted the conclusion of the tip, so here it is:

Https://www.thisismoney.co.uk/money/investing/article-10123131/MIDAS-SHARE-TIPS-Harvest-rewards-Light-Science.html

"These sensors relay data in real time back to the Light Science laboratory. Technicians can then advise clients to increase or reduce nutrients and other products throughout the day – and even at night.

The technology has a dramatic effect on yields, allowing farmers to grow fruit and vegetables under cover all year round, rather than just in the summer.

This translates into more locally grown produce and much better income for farmers, many of whom are forced to import fruit and veg at a loss in winter, so they can fulfil supermarket contracts.

Energy and water consumption is reduced too while, crucially, the food tastes better when it is fresher. The equipment even allows growers to reduce or dispense with artificial pesticides and fertilisers, so enthusiasts believe that produce grown under cover can be considered as 'natural' and organic as top, field-based fare. Deacon is working on contracts that should deliver turnover of more than £40million in the next few years and interested parties include Ocado-backed Jones Food Company, which recently started building Europe's largest vertical farm, just outside Bristol.

Huge glasshouses and polytunnels are far less appealing to the eye than rolling fields but, with Light Science's innovative kit, they can have a dramatic effect on how much fresh produce we can grow throughout the year, from salad leaves and strawberries to cucumbers and unusual varieties of carrot.

Vertical farms add to the mix and they can be erected on industrial estates, retail parks and even in city centres.

Midas verdict: Light Science Technology Holdings combines a robust, revenue-generating circuits business with an exciting new division, that operates in a fast-growing market and can help to solve some of the UK's knottiest food production issues. As a relatively young firm, the outlook is not risk-free but, for investors keen to support entrepreneurial UK businesses, the shares, at 12.45p, are a buy. "

"My View

As I stated in my mid-July profile “I believe that the shares of this ‘virtual money machine’ have certain medium-term investment attractions. They have a good upside potential on a steady incline. Give them two to three years and we could easily see 125p/150p.”

They were then just 89p, with which I set a price objective of 110p.

Well, that has been well beaten, with the shares now at 126p, up over 41% in three months. That was much faster than I expected.

Where do I see them going now?

Well, I reckon that another show of better-than-expected figures will strongly indicate that the ‘money machine’ is really accelerating its growth.

With such potential the shares could easily break above 150p and still offer big upside potential.

We shall just have to see what occurs on Monday 22 November when the Q3 results are published."

"Core corporate strategy

Its core growth strategy is identifying and acquiring cash-generative businesses in its industry with annuity revenue streams and exposure to growth markets and migrating them onto the CentralNic software and operating platforms.

It has been acting as somewhat of a global consolidator, through seeking out and making acquisitions in a highly fragmented market.

Its market

It operates within a staggering $30bn market, that for online presence services, which gives the group a massive space into which it can expand.

A very tight equity

The group has some 251m shares in issue.

Large holders include Kestrel Investment Partners (22.6%), Inter. Services (14.8%), Edmond de Rothschild Asset Management (France) (8.23%), JTC (7.71%), Canaccord Genuity Wealth Management (6.10%), Chelverton Asset Management (5.81%), Schroder Investment Management (5.43%), Herald Investment Management (3.81%) and BlackRock Investment Management (3.20%).

Erin Invest & Finance, which is a director’s holding holds 6.29%, while other directors have another 3%.

Q3 Trading Update

The group’s organic growth has further accelerated during the nine months to 30 September 2021, following its significant investment programme, resulting in organic growth of 29% against the same period in the prior year.

The Q3 statement indicated that the company expects to report revenue of at least $280m and adjusted EBITDA of at least $32m for the nine months ending 30 September. This represents an increase of at least 66% and 45% respectively over the $168.5m and $22.1m results reported for the same period last year.

Cash as at 30 September increased to $54m from $28.7m as at 31 December 2020. Net debt as at 30 September decreased to $79m from $85m as at 31 December, despite the deployment during the period of a total of some $13m on the acquisitions in the period.

The group’s CEO, Ben Crawford, stated that: “CentralNic’s growth rally has further accelerated during the third quarter of the year with year-to-date organic growth now reaching a record 29%. The company expects to trade comfortably at or above the upper end of market expectations for the year for both revenue and adjusted EBITDA. We are particularly pleased that the accelerated growth is now also starting to translate into higher profits.”

Broker’s View

Analyst expectations of revenue and adjusted EBITDA for the 2021 financial year range from £348.6m to $355.3m and $41.1m to $42.0m respectively.

Bob Liao, an analyst at Zeus Capital, the group’s NOMAD and broker, bullishly states that “We see an increasingly strong profit growth profile for CentralNic. The Online Marketing division continues to take market share, the Direct and Indirect divisions are accelerating growth through investment and (in the) longer term, we expect to see operating leverage as the company elevated investment levels plateau. We believe this outlook is not reflected in CentralNic’s earnings multi

Hhttps://masterinvestor.co.uk/equities/centralnic-group-magical-arr-numbers-should-spin-a-bigger-spell-on-investors/

"CentralNic Group – magical ARR numbers should spin a bigger spell on investors

By Mark Watson-Mitchell 22 October 2021
4 mins. to read
CentralNic Group – magical ARR numbers should spin a bigger spell on investors
In just one month’s time this group will be announcing its third quarter results to end September.

We already know that they will be very good, because earlier this week the company issued a Q3 Trading Update informing shareholders that its results for the period will be ahead of market expectations.

The business

This London-based business was set up in 1996, floated in 2013, today operates worldwide.

Basically the Aim-listed CentralNic Group (LON:CNIC) supplies the tools for businesses to get online through offering domain names, hosting, websites, e-mail, website security, brand protection and domain monetisation services.

The operations

It operates through Indirect, Direct, and Monetisation segments.

The company’s Indirect segment distributes domain names to retailers and resellers through a network of channel partners.

Its Direct segment provides ancillary services; monitoring services to protect brands online; and technical and consultancy services to corporate clients; and it

licenses its registry management platform and sells domain names to large corporations.

The company’s Monetisation segment offers advertising placement and data traffic management services, as well as also selling domain names.

It also provides social marketing, search engine marketing advertising, and display advertising services.

Through recent acquisitions it is now creating new revenue streams to help to provide significant upside potential. It is doing thatby offeringrelated services such as hosting, cybersecurity and brand protection.

Global services

CentralNic operates globally, with customers in almost every country in the world.

The group’s substantial client list includes some of the world’s largest companies, several national governments, and loads of global brands.

It also markets its services to large, medium and small sized enterprises as well as Joe Public too.

The business earns recurring revenues from the worldwide sales of internet domain names and other services on an annual subscription basis.

It really does enjoy magical numbers in its ARR (annual recurring revenues)– deriving around 99% of revenues from subscription products.

Its services are paid in advance. Its cash generation is enviable.

Driving growth

It helps to drive the growth of the global digital economy by developing and managing software platforms which allow businesses globally to buy subscriptions to domain names for websites and email, to monetise their websites, and acquire customers online."

A 30,000 share buy at 43p has moved the price up almost 9% today :o))

Rozzi Business Inc. have increased to over 19% now, with 12.15m shares. Looks like Rozzi have cleared out the market of stock:
Https://www.investegate.co.uk/gama-aviation-plc--gmaa-/rns/holding-s--in-company/202110121203038217O/

GMAA's recent acquisition in the USA has big expansion plans.....

To average down or not to average down, that is the question:

Https://www.ainonline.com/aviation-news/business-aviation/2021-07-07/jet-east-opens-las-vegas-mx-facility-plans-hiring-fair

"Jet East Opens Las Vegas Mx Facility, Plans Hiring Fair
by Jerry Siebenmark
July 7, 2021, 10:31 AM

Following the opening last month of a service hub at Las Vegas Harry Reid International Airport (KLAS), business aviation maintenance provider Jet East is looking to bolster its staffing there by hosting a hiring event on July 26 and 27. In all, the Trenton, New Jersey-based company has more than 50 job openings at KLAS for maintenance, avionics, and structures technicians, as well as several other support positions.

At KLAS, Jet East is operating from an existing 30,000-sq-ft facility, a spokesman told AIN. The company plans to eventually have more than 100 people working at that location.

Designated by Jet East as a Citation center of excellence, the company's KLAS site will focus primarily on supporting the Citation Sovereign, the spokesman said, though “we are already seeing some super-midsize and large-cabin aircraft visit as well.” Jet East inducted its first Sovereign at KLAS on June 1.

Acquired by Gama Aviation in January, Jet East has a footprint in the U.S. that includes 400 employees, more than 90 AOG technicians positioned across the country, coverage of 65 business aviation airports, and more than 10 line stations and heavy scheduled maintenance facilities."

Good to see news today of Monmouth installing a clean room for a CBD product supplier - must be quite a bit of business to be had from this growing sector:

Https://twitter.com/Monmouth_Sci/status/1451443253300113413

Good news:

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

"22 October 2021

Manchester, UK. 25th October 2021: QE Facilities select EPOD system from Manchester-based Touchstar Technologies

QE Facilities is a well-established wholly owned subsidiary company of Gateshead Health NHS Foundation Trust, based in the North of England. The company is a separate legal body set up to provide a range of non-clinical Estates and Facilities services.

Due to its ongoing success, QE Facilities has also expanded into a number of exciting projects that are delivering significant savings and efficiencies. In this very difficult economic environment the expanding business is providing a unique alternative to traditional full third party outsourcing....

......Initial dialogue took place with Touchstar business analysts to develop a detailed scoping document that identified QE’s specific requirements. It was apparent that a high level of integration with existing NHS systems would be required, a stipulation that would have been impossible with a standard ‘off the shelf’ product. Fortunately, one important facet of the PODStar offering is the Evo-link integration product. Designed as a dynamic interface tool, EvoLink can link the PODStar software to almost any other system, enabling the automatic transfer of data from a separate system into the EPOD software. Supporting the population of multiple systems, errors are reduced by the removal of manual re-keying of data. Utilising the power of Evo-link, Touchstar personnel established a secure flow of data between several legacy NHS systems....

.......Following a robust trial the PODStar system is now fully ‘live’ and delivering the key benefits. Overall we're very pleased with the system and, as we continue to expand, we look forward to continuing our relationship with TouchStar and contemplating further bespoke enhancements”