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Looking strong at present - hopefully new all-time highs coming soon.

The new Techinvest issue is now out, so it should be OK to publish the comment from its Portfolio Update in the last issue:

"Two other holdings in the Portfolio, CentralNic and MTI Wiresless Edge, are moving up the quality rank, though still not fully appreciated by the market at this stage. We feel both have significant potential to surprise on the upside and win recognition for their strong business models and high rates of customer retention. CentralNic issued excellent interim results late in the month which we will review in the September (me - they mean October) issue."

As a postscript, in the new October issue there's a very positive and lengthy review of CNIC which concludes "Continue to buy". More when the next issue is out.

You beat me to it Surprised :o))

To summarise, Tamesis have retained their 140p target price "with conviction".

They note that to achieve just the bottom end of the new guidance range, CAPD would only have to achieve a repeat of the seasonally weaker Q3 - so the top end or another lifting of expectations is on the cards.

They now see underlying 15.2c EPS this year, with 10.4c of operating cash flow and a P/E of just 7.3 - which excludes the likely large gains on the investment portfolio.

They conclude:

"Estimate changes and valuation. As a result of today’s update we lift our full year revenue estimate for 2021 to US$222m and EBITDA to $63.2m and for 2022 revenue to grow further to $248.6m and EBITDA to $71.0m - see table below. It leaves the shares trading on undemanding multiples including PE ratios for 2021 and 2022 of 7.3x and 6.7x and EV/EBITDA of 3.0x and just 2.7x. The business model is delivering growth and diversification and we are now through peak funding for the Sukari contract allowing cash generation to pick up and with it the dividend (+33% in H1) leaving the yield on 3.3%. We retain our PT of 140p with conviction."

Interesting article - worth noting that it'll cost £33 billion to decarbonise heating in Scotland alone. Imagine the cost for the entire UK and then the potential work coming in for SUR....

Https://www.bbc.co.uk/news/uk-scotland-scotland-politics-58831166

"About £33bn is needed to decarbonise heating in Scotland, with homeowners expected to pick up some of the bill.

A Scottish government strategy lays out the total cost of the initiative which seeks to convert the country's building stock to zero emissions by 2045.

Up to a fifth of all greenhouse gases in Scotland come from homes and buildings.

The strategy says one million homes and more than 50,000 non-domestic buildings will need to transition by 2030.

This will reduce emissions by an estimated two-thirds.

etc"

Yet another terrific trading update out this morning for Q3.

Guidance is increased once again, to $220m-$225m revenues from the $185m-$195m first envisaged this year.

A series of new contracts have been won.

Sukari timetables are an extremely impressive three months ahead of schedule.

Diversification to non-drilling revenues is accelerating at 26% of revenues.

And there's a very bullish outlook, with "strong demand across all our business areas with the tender pipeline looking very encouraging."

This share price is just cheap, cheap, cheap imho :o))

Nice - buying coming in at the full increased 86p offer price now. At 84.5p SUR are still barely on a P/E above 10 based on 7.8p EPS forecast this year - and they have a large cash pile to spend on earnings-enhancing acquisitions too.

Here's the highlights of Cenkos' Buy note this morning - it's worth noting that they forecast CLX to have over a £15m cash pile at the end of this year - almost 15% of the entire m/cap:

"Trading update and forecast upgrade

Calnex Solutions has announced that due to continued strong levels of trading throughout H1/22, expected to be maintained in H2/22, FY22E revenue and profitability are anticipated to be materially ahead of expectations.

We have consequently upgraded our PBT forecasts for FY22E and FY23E by 27.2% and 20.4% to £5.6m and £6.0m respectively. Calnex continues to accelerate its investment in R&D and broaden its product roadmap to benefit from the significant underlying growth drivers within the worldwide telecoms and networking industry."

"Outlook. Exponential growth of data creation, migration to the cloud and the gradual evolution to 5G are long-term growth drivers for the test instrumentation and solutions. With the telecom infrastructure, networking and services markets seeing an expanding number of market participants requiring testing solutions, we believe Calnex is well placed to benefit from these substantial underlying drivers and maintain a solid, long-term growth trend. Interim results are due to be announced on 23 November 2021."

Another signal from the Landers - a meatier one this time in buying back around £32,000 of shares via 2,500 shares at 1260p:

Https://uk.advfn.com/stock-market/london/volvere-VLE/share-news/Volvere-PLC-Transaction-in-Own-Shares/86260107

Ah, my favourite phrase - "revenue and profits for the full year will be materially ahead of previous expectations"....

Today's update is bullish for both performance to date and for the rest of the year. New products are in great demand, with "strong uptake" - and from new as well as existing customers.

CLX are in a sweet spot as they "capitalise on the industry's transitions to 5G and the growth of cloud computing":

Https://uk.advfn.com/stock-market/london/calnex-solutions-CLX/share-news/Calnex-Solutions-PLC-Trading-Update/86260127

Good to hear that there'll be news of the new CEO in the "next few weeks". Also good to hear them reiterate that they're "actively looking for acquisitions" from the £16m cash pile:

Https://www. proactiveinvestors.co.uk/companies/news/962666/sureserve-group-report-strong-growth-in-revenue-earnings-and-cash-flow-962666.html

Shares Magazine which is just out has a feature on Mark Slater's Growth Fund, and Slater has this to say - good to see that he added more in the ExpressVPN acquisition placing:

"Slater Growth has been very active in terms of new purchases in 2020 and 2021. Last year, Slater Growth invested in Kape Technologies (KAPE:AIM), the acquisitive digital security-to-privacy software business, then topped up the holding by participating in the group’s recent share placing.

Reassuringly, Slater says the business is cash generative and has ‘good growth dynamics and pricing power’, the latter quality welcome in an era of rising inflation."

per his update last night:

"Remember last time I talked about selling shares you have done well on the day before a statement. Because they go down on the day of the statement even if it is cracking as people bank profits.

And if you have a share that has gone down a lot buy or buy more the day before (but only if the fundamentals are decent, no warnings and you expect a reasonable statement).

I did this with Sureserve SUR which kept tanking. Couldn't figure out why. The last top up I had on it got taken out by a stop for a loss of £309.

However I bought back yesterday knowing the statement was today and could see no reason why it was going to be bad and indeed it is bouncing today on a perfectly decent statement showing there wasn't much reason for it to go down in the first place. Hope this can now stay as a long-term decent hold. No reason why it shouldn't head back up to the 100p area. I see a director has bought a decent amount today. A boring but should still be a long-term winner."

with CPO prices up 76% year on year - and still rising. CPO production is also up, and PKO and PKC continue to look very healthy.

Arden now have a 9.5p target price.

Lots to look forward to - Arden expect "meaningful output" for the new cashew plant in October - this month - and are hopeful for an update on this soon.

It's notable that DKL now feel ready to highlight that the record high CPO prices may well have a rather positive impact on the forthcoming high production season, particularly as the 6-8 week delay in those prices affecting local markets now takes that high pricing into December....

"Over the last few days, international CPO prices have been trading at all time record levels. Should prices remain in this range we are well positioned to further improve on our 2021 record financial high season in 2022 which commences in around 3 months

Lincoln Moore, Dekel 's Executive Director , said: "We are pleased by the continuing growth we have seen in our CPO production during Q3 2021 . Given global CPO prices are currently trading at an all time high, we are very well positioned to continue this strong period of financial growth into 2022"

Berenberg have raised their target price to 125p (from 113p) and say Buy:

Https://www.sharecast.com/equity/Capital_Limited_DI/broker-views

It seems the last set of AC & RC drilling at Diba was done by International Drilling - so this is a contract win:

hTTps://www.investegate.co.uk/altus-strategies-plc--als-/rns/drilling-commences-at-diba-gold-project--mali/202105250700046523Z/

Also, here's a presentation on CAPD's third largest holding (Marvel Gold) which is doing a spin out IPO of its Graphite Mine - CAPDs stake is worth around $3m, but evidently could have multi-bagger potential:

Https://www.investi.com.au/api/announcements/mvl/d43101f5-552.pdf

Good to see an NED buying 25,000 shares today and increasing his holding by 25%:

https://www.investegate.co.uk/sureserve-group-plc--sur-/rns/director-pdmr-shareholding/202110071124323669O/

This new contract win for Everwarm is particularly noteworthy - "an energy retrofit scheme hailed as the largest ever of its kind in the UK".

I note that Everwarm are recruiting for solar PV and battery storage installers, with "the installation of state-of-the art renewable energy generation, energy storage and smart energy management technology in almost 650 homes".

SUR are at the forefront of the new energy transformation - imagine the rewards if this is rolled out nationwide.....

Https://businessnewswales.com/contract-awarded-for-transformative-swansea-energy-retrofit-scheme/

Just read Shore Capital's update.....they say the current multiples "significantly undervalue" SUR.

They've left their forecast for this year at 7.8p EPS, but this is conservative, since the order books at 30% higher are above forecasts.

Similarly, the cash pile is well above their forecast. They now see a £21.4m cash pile at 30/9/22.

Their conclusion:

"Valuation hit by misconstrued gas price fears: The shares, which had risen strongly through most of the year, have fallen 28% since the 23 August peak of 97p, based on, as far as we can see, fears that rising gas prices could hamper the Compliance division’s activities. The Group is required by law to carry out its Compliance functions, which are not impacted by energy pricing. On this basis, the FY22F P/E of 9.0x, EV/EBITDA of 5.7x and 7.2% FCF yield, in our view, significantly undervalue the growth prospects and low risk profile".

Incidentally, SUR already have a £4.1m provision against legal and contract obligations etc as per the 30/9/20 accounts - much reduced from £7.7m a couple of years earlier due to releases of earlier provisions which would have been made after Grenfell.

Today's RNS from Altus Strategies shows CAPD have recommenced drilling at Diba after the rainy season, - a "significant 11,300m combined DD and RC programme is now underway, which is being supplemented by up to 7,500m of AC drilling":

Https://www.investegate.co.uk/altus-strategies-plc--als-/rns/drilling-underway-at-diba-gold-project--mali/202110070700082773O/

"The drilling programmes are being undertaken by Capital Drilling Limited and comprise approximately nine DD holes to an average depth of 150m for a total of approximately 1,300m and approximately 60 RC drill holes to an average depth of 150m for approximately 10,000m."

VLE have bought back 1,000 shares at 1260p - this is the first buyback for a year.

Hopefully a signal from the Landers that the share price is now cheap enough again to take advantage of....

Https://uk.advfn.com/stock-market/london/volvere-VLE/share-news/Volvere-PLC-Transaction-in-Own-Shares/86235073

The update is out, and is just what's required.

Results are in line, i.e around 6.6p EPS. With order books up 30% year on year, the outlook is tracking nicely for the 7.8p EPS forecast this year.

The cash pile is £16m - way ahead of Shore Capital's forecast £11.8m! And not far off 15% of the market cap.....

Good also to see SUR reiterate their services are "non-discretionary in nature and driven by mandatory inspections and accreditation requirements, alongside services which form a critical part of the Government's growing Green Agend".

Bargain time imho.