Member Info for rivaldo

For the record, the RNS yesterday confirmed Herald Investment Management have bought 10m shares at the IPO here, or 5.74%:

Https://www.investegate.co.uk/light-science-tech.--lst-/rns/holding-s--in-company/202110181536434245P/

Also, I'd wondered what David Evans meant in IIG's RNS re LST's IPO when he said:

"for applications in the fast-growing controlled environment agriculture division which addresses vertical farming, glasshouse and polytunnels, but also in other applications in digital health."

Hastings has written as follows elsewhere regarding this - so now we know about a possible further entry into digital health. Exciting stuff:

"Worth just adding that the company is also looking at targeting the healthcare market which could prove very interesting going forward, particularly with David Evans involvement here.

It may sound somewhat removed from what appears to be the big opportunity around agriculture, but one of the sensors LST uses for collecting DNA data in plants is also being looked at for use in other applications such as healthcare.
This would take in diabetes as well as other end applications and sitting on the skin would provide readings and monitoring of health issues and potential problems.

The sensor is apparently already operational with tests being carried out on plants in LST's lab. The plan is that once those have been completed the company will move on to testing it for healthcare applications."

Looks like a good quarterly report from CEY this morning - all of production, capital spend and the exploration portfolio going to plan and progressing well:

Https://www.investegate.co.uk/centamin-plc--cey-/rns/q3-2021-report/202110190700044390P/

CAPD remain on an EV/EBITDA of around only 2.8, with almost a quarter of the m/cap covered by the value of the investment portfolio. The share price just seems ridiculously low IMHO.

News overnight of £5k grants for houses to replace old gas boilers with low-carbon heat pumps.

And "No new gas boilers will be sold after 2035, and there is £3.9bn of new funding to decarbonise heating, including in social housing".

All great news for SUR :

Https://www.bbc.co.uk/news/business-58959045

Gresham House continue to buy. They now own over 20%, with 195.45m shares (their last increased holdings RNS was almost a year ago with 190.2m shares, so they've added over 5m more shares).

The last three holdings RNS's have all shown institutional buying, from Slater, Chelverton and now Gresham House. They seem to be taking up the slack from bored PIs....

Https://www.investegate.co.uk/inspired-plc--inse-/rns/holding-s--in-company/202110181129453985P/

Stifel already had a 256p price target here, whilst Berenberg had a 200p target - I assume they'll wait until the year end update to further upgrade.

Techmarketview update this morning on CNIC's "blistering" progress:

Https://www.techmarketview.com/ukhotviews/archive/2021/10/18/centralnic-goes-from-strength-to-strength

"Monday 18 October 2021
CentralNic goes from strength to strength

The relentless progress of internet domain name and web services provider CentralNic Group plc continues to build momentum. The company’s latest trading update reveals that the already blistering rate of growth achieved in H121 (see here) has risen further during the third quarter. Turnover for the first the nine months of the current financial year is expected to be up 66% yoy to $280m. This means that Q3 sales have almost doubled compared to the same period in FY20.

Acquisitions remain responsible for the majority of this top line improvement. The pace of expansion of CentralNic’s organic revenue has, however, also advanced. This is estimated to have increased from 25% yoy in H1 to 29% during the first nine months of 2021. It is anticipated that adjusted EBITDA between January and September will have jumped by at least by 44% to $32m.

When commenting on the internet platform provider’s first half figures, we thought it likely that management’s full year guidance would be revised upwards come the end of Q3. CentralNic now expects to trade comfortably at or above the upper end of market expectations for the FY21. The company will provide more detail on its performance during the first three quarters of this year when publishes interim results for this period later next month."

I note that the Private Punter (hastings) has written about his holding in and views on CLX in a market update column as follows:

Https://martinflitton1.wixsite.com/privatepunter/post/updates-on-clx-capd-g4m-spa-and-rdt-13-10-21

Incidentally, the "selling" was by just one director - who wasn't even a main Board member. He sold around £200k of shares - AFTER a terrific "ahead of expectations" trading update. This tells you everything, as it would have been one of the few opportunities available for such people to sell in quantityinto sustained demand given the relative illiquidity of CLX's shares. His personal circumstances are of course unknown, but post-IPO it's hardly surprising that a single investor would take advantage of the surge in interest to sell a few shares.

Capital Limited's (LSE:CAPD) Jamie Boyton joins Proactive London to talk about their increased revenue guidance for the second time this year after a strong third quarter for the Africa-focused mining service group...

Https://www.youtube.com/watch?v=EKXo9-9tX4o

And I note that the Private Punter has written about his holding in and views on CAPD in a market update column as follows:

Https://martinflitton1.wixsite.com/privatepunter/post/updates-on-clx-capd-g4m-spa-and-rdt-13-10-21

Zeus Capital have an update note out - they keep their estimates unchanged for the moment, but are pretty bullish about the outlook:

Https://*********************/companies/uk/multiservice-media-agencies/centralnic-group-plc/research/zeus-capital/centralnic-group-plc-cnic-ln-further-acceleration-in-growth/075958b3-28d6-45d1-a7a8-19c1fd4d94c9

Extracts:

"9M FY21 results tracking ahead of expectations: CentralNic expects to 9M FY21 revenue to be at least $280m and adjusted EBITDA to be at least $32m. These figures indicate that the company is on track to exceed our full year 2021 revenue and adjusted EBITDA estimates. 9M FY21 revenue and adjusted EBITDA represent over 79% and over 77% of our current full year revenue and adjusted EBITDA estimates, respectively."

"We are encouraged to see profit upgrades following several revenue outlook upgrades since the beginning of the year. The company appears positioned for further earnings upgrades, given that 9M FY21 results are tracking ahead of our forecasts."

"Valuation: 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, 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 multiples. Shares trade at only 11x our conservative 2021 EBITDA estimates and 7% FCFF yield."

There's a terrific new article on LST this weekend by the Private Punter (he has an investment column in the Cambridge News) which is well worth reading:

Https://martinflitton1.wixsite.com/privatepunter/post/shining-a-light-on-lst-17-10-21

A rather good read this morning......"a lot more upside to come":

Https://citywire.co.uk/funds-insider/news/expert-view-standard-chartered-ig-group-sse-accesso-and-sabre/a1569382?ref=citywire-money-latest-news-list#i=5

"JOHCM’s Costar praises ‘must-have’ Accesso

There is a lot more upside to come at ticketing and queueing technology group Accesso (ACSO), says JOHCM manager Mark Costar.

In his monthly fund update, the Citywire AA-rated manager of the £500m JOHCM UK Growth fund said Accesso had delivered three ‘positive profit warnings’ so far this year and that he sees ‘considerably further upside in this unique asset’.

Costart said the company was benefitting from post-Covid-19 shifts and praised its ‘proactive investment programme and accompanying fundraise last year’.

‘Simply put, the company’s solutions have gone from a nice-to-have to must-have,’ he said.

‘Theme parks and other high-volume destinations need to offer mobile ticketing, virtual queuing, and digital e-commerce to their customers to allow efficient capacity management in the new world, [and] fulfil local regulations and the increasing expectations of their customers.’

Costar added that the ‘growth trajectory here continues to be materially underestimated and it remains a conviction position within the portfolio’."

Nice £230k contract win over the next 6 months for a major Tier-1 customer announced today. Hopefully this will lead to more longer-term work for these particular services to this client:

Https://uk.advfn.com/stock-market/london/react-REAT/share-news/React-Group-PLC-Contract-win/86303973

Yet another excellent trading statement for Q3 just finished, setting things up nicely for the year end.

Organic growth has accelerated further to a record 29%, and now CNIC "expects to trade comfortably at or above the upper end of market expectations for the year* for both revenue and adjusted EBITDA".....

And once again "Adjusted operating cash conversion continues to be in excess of 100%", giving humungous cash inflows and leading to sizeable quarterly debt reduction despite the two acquisitions.

The share price should respond rather nicely:

Https://uk.advfn.com/stock-market/london/centralnic-CNIC/share-news/CentralNic-Group-PLC-Q3-Trading-Update-and-Notice/86303905

Amati UK Smaller Companies Fund have just released their factsheet for last month - they've bought more KAPE too:

Https://www.amatiglobal.com/fund/tb-amati-uk-smaller-companies-fund/smco-literature-reports

"We increased our holding in Kape Technologies as they issued shares to acquire ExpressVPN, in their attempt to capture more of the fast-growing market for Virtual Private Network (VPN) products. These allow customers to combat censorship, restrictions or unavailability (accessing content and services globally which may not be available locally) and to ensure internet activity privacy through encryption. The deal was significantly earnings enhancing and was taken well by the market."

IIG, who own 7.6% of LST, issued an RNS on Friday about the flotation FYI:

Https://www.investegate.co.uk/intuitive-invests.gp--iig-/rns/light-science-technologies-holdings---floatation/202110150801021638P/

"David Evans, Executive Chairman of IIG, commented:

"Congratulations to Simon Deacon and the LSTH team. We are particularly excited by LSTH's deep knowledge of the light spectrum, particularly for applications in the fast-growing controlled environment agriculture division which addresses vertical farming, glasshouse and polytunnels, but also in other applications in digital health. We look forward to LSTH's continued success in the next stage of its development as an AIM company."

Quite a lot of coverage of Friday's IPO around - here's a couple of the more informative articles:

Http://www.fruitnet.com/fpj/article/186563/indoor-agritech-firm-lists-on-lse

And here:

Https://www.thebusinessdesk.com/northwest/news/2087222-flotation-will-result-in-investment-for-manchester-manufacturing-operation

Hi timadams, congrats on getting in on the placing. I just missed out as I was too slow off the mark! So I've bought in today.

I'm interested in your thoughts on LST - did you see a presentation, where do you think the share price could get to etc?

I'm quite excited about it myself - the combination of a highly profitable core electronics division and a blue sky vertical farming/agri-tech division should be extremely appealing to investors once word spreads.

Seymour Civil are working on a new £4.5m project in the giant Teesworks redevelopment:

Https://www.gazettelive.co.uk/news/teesside-news/work-ramps-up-new-45m-21847263

"Work ramps up on new £4.5m roundabout for Teesworks access

Teesworks is the UK’s largest Freeport and has been set up to promote economic growth

etc"

Capital Access Group have today initiated coverage on SUR with a 12 page note.

They conclude that the current multiples "make it look cheap to us":

Https://www.capitalaccessgroup.co.uk/research-portal#/portal/capital-access-group/research/23_2021101503273457610

Not read it in full yet, but looks like there's a lot of good detail in there about the business. The only problem is that on the front page they've got the wrong year end (December instead of September)...not very professional. They do at least use the correct September year end in the financial info at the back.

They have a now historic 6.5p consensus EPS for the year just ended, and 7.7p EPS with a 2p dividend for the current year - a P/E of just 11.4.

Berenberg have gone out on a limb and raised their target price by a massive 2p to 127p (from 125p)......

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

That's still nearly 50% upside from here. I suspect Berenberg are being prudent and keeping their powder dry for the year end after this Q4.

Contract news found elsewhere by igoe104 - SUR's Aaron Services and 3 other suppilers named for two contract frameworks dated 15th September for up to £68m each, one for a 5 year contract and one being a 15 year contract, plus an £8.85m Domestic and Communal Heating and Water Hygiene Contract:

hTTps://bidstats.uk/tenders/2021/W41/760742259
hTTps://bidstats.uk/tenders/2021/W37/758776102
hTTps://bidstats.uk/tenders/2021/W37/758906891

Great to see the bid price now up to 86.8p. The share price is at its highest since early 2012 - almost 10 years ago.

Loads of upside from here though imho.