Member Info for rivaldo

Very interesting news - a new Ad Tech platform from CentralNic's subsidiary Codewise which could surely be a new source of highly material revenues:

Facebook - 12/5/21

"We are proud to announce that the NewProgrammatic platform has officially launched!

With a large inventory of trusted publishing partners, NewProgrammatic creates a direct path between a customer and your brand. Mobile and desktop users who use the most popular third-party search engines, keyboard apps, as well as other preinstalled applications, will see your ad before they complete typing in their query.

NewProgrammatic has been designed for brands and agencies that want to maximize audience engagement. It lets you capitalize on the customer’s search intent in a user-friendly way.

By choosing our solution, you place yourself among the most established brands that trusted us"

Https://newprogrammatic.com/

It's worth noting that the front page of Tamesis'new note only has forecasts up to and including this year (13.6c EPS, up from 10.1c underlying EPS last year).

Whereas the back page tells us that next year, following the Sukari expansion, they see 18.6c EPS - that's 13.6p EPS - and $70.4m EBITDA, with a $19m cash pile (that cash pile rises to a massive $61.3m the next year).

Great news - £140m over the next 10 years.

The City loves these types of secure revenues, and companies with such visibility going forward usually achieve premium ratings. Yet SUR are barely above a double-digit P/E - this should help increase awareness:

Https://uk.advfn.com/stock-market/london/sureserve-SUR/share-news/Sureserve-Group-PLC-10-year-contract-extension-wor/85889453

News - confident mentions of "more growth on the horizon" and expansion in the "Transport and Mobility and Media and Broadcast sectors":

Https://blog.fonix.com/leadership-changes-for-fonixs-next-stage-of-growth-b90866349b59

"Leadership changes for Fonix’s next stage of growth
Aug 19

We’re hugely proud of our headway over the last year, which included the admission of Fonix to AIM. In the year ended 30 June 2021, the total payment volume of mobile payments grew by 10% to £233.4m, while gross profit advanced 13% to £11.3m. With more growth on the horizon, we are delighted to announce some exciting updates from the Fonix team.

With an increased focus on contactless and frictionless payments, the opportunity has never been greater for mobile carrier billing to be at the forefront of the digital payment space.

Roles and responsibilities have needed to evolve to stay ahead of our markets’ needs and to match our personal strengths; the changes can ensure continued success.

We have re-organised our Commercial unit, redefining our commercial development plans, led by Anthony Baladi, to support our ambitions in driving more merchants across our core markets. This will see a doubling of the business development team, expanding our plans in the Transport and Mobility and Media and Broadcast sectors.

With our existing client partnerships being the heartbeat of everything we do, we have also formed a dedicated Client Success and Partnerships (CSP) team which will be headed up by Steve George.

etc"

A mere 10,000 shares bought at the full 80p offer price or just under has caused a 3p rise and a big closing of the spread.....

New interview with not surprisingly a rather buoyant CEO - demand for drilling is the "highest for a decade", and CAPD are "positioned very well for the next few years":

Https://www.proactiveinvestors.co.uk/companies/news/958126/capital-ltd-report--financial-strength-across-the-board--as-rig-utilisation-rates-increase-to-79-958126.html

"Capital Ltd report 'financial strength across the board' as rig utilisation rates increase to 79%

Capital Ltd's (LON:CAPD) Jamie Boyton caught up with Proactive London after reporting their strongest half-year in its history with revenues up by 52%.

Operating profits also more than doubled as gold drilling activity continues to increase.

And the interim dividend has been increased by a third to reflect the strength across all areas of the business.

Revenues for the six months to end June rose to US$98.7mln (US$65.1mln) while operating profits rose to US$20.1mlm from US$9.6mln. Pre-tax profits were US$24.3mln (US$19.1mln)."

New article from INSE about the Government's new Hydrogen Strategy announced this week, and "how it will meet its ambitious target of 5GW of low carbon hydrogen production capacity by 2030":

Https://inspiredenergy.co.uk/the-uks-hydrogen-strategy-heres-what-you-need-to-know/

VLG are forecast by Cenkos to make 4.6p adjusted EPS this year, rising to 6.21p EPS next year following the acquisitions already in place - against a 68p share price - and with hefty facilities to enable further large earnings-enhancing acquisitions.

Cenkos note that this could bring in £2m additional EBITDA in 2021, or if no acquisitions this year, then a further £3m EBITDA next year.

The key point here is that the core business is trading well and should pick up further, as highlighted by Cenkos:

"The core business, defined as the business excluding sales of Dentyl to the Chinese partner and HSG, is expected to report 9% growth in H1/21E, which we view as a strong result given the ongoing pandemic. While the impact of COVID continued into H1/21, the company is encouraged by indications of a post-pandemic recovery in UK retail, which we expect to support growth in this core business."

"At an adjusted level, we expect diluted EPS for FY21E to be 4.5p, up c19% versus our previous estimate of 3.8p. We forecast adjusted diluted EPS of 6.2p for FY22E, indicating growth of 37% YoY."

Management should have been much more open about the decline in the exceptional HSG and Dentyl China categories. But that doesn't offset the fact that the core business is building nicely and has the potential to grow much faster both organically and via acquisition.

Given:

- a likely minimum 9p EPS this year
- the high tangible asset backing
- the high gold price which looks likely to continue for some time
- the boom conditions in CAPD's sector which should continue for some years given that sector's funding raised in the last year or two
- the security of CAPD's long-term drilling contracts which reduces cyclicality
- the step-change growth potential from Sukari
- the growth at MSALabs, which now represents quite a large percentage of revenues

I see Tamesis' 135p price target as reasonable to aim for now, and remain hopeful that CAPD will re-rate as the market's awareness of the virtues of the company gows.

I suspect Master Investor will review CAPD positively in the next few days, and hopefully the likes of Simon Thompson et al may take an interest.

INSE and Research Tree have just combined to make Shore Capital's and other research available on INSE's Web site for free - great to see INSE being so proactive and investor-friendly.

The latest full Shore Capital note is dated 31st March for reference:

Https://inspiredplc.co.uk/research/

Https://twitter.com/research_tree/status/1427995150614253574

VLG are forecast by Cenkos to make 4.6p adjusted EPS this year, rising to 6.21p EPS next year - against a 69p share price, and with hefty facilities to enable further large earnings-enhancing acquisitions.

Cenkos note that this could bring in £2m additional EBITDA in 2021, or if no acquisitions this year, then a further £3m EBITDA next year.

The key point here is that the core business is trading well and should pick up further, as highlighted by Cenkos:

"The core business, defined as the business excluding sales of Dentyl to the Chinese partner and HSG, is expected to report 9% growth in H1/21E, which we view as a strong result given the ongoing pandemic. While the impact of COVID continued into H1/21, the company is encouraged by indications of a post-pandemic recovery in UK retail, which we expect to support growth in this core business."

"At an adjusted level, we expect diluted EPS for FY21E to be 4.5p, up c19% versus our previous estimate of 3.8p. We forecast adjusted diluted EPS of 6.2p for FY22E, indicating growth of 37% YoY."

Management should have been much more open about the decline in the exceptional HSG and Dentyl China categories. But that doesn't offset the fact that the core business is building nicely and has the potential to grow much faster both organically and via acquisition.

Tamesis Partners have increased their target price to 135p - and even that is based on a "modest" EV/EBITDA multiple:

Https://www.tamesispartners.com/research-portal#/portal/tamesis-partners/research/37_2021081902330145441

Absolutely terrific results - if you double H1's basic 6.7c EPS, as seems likely at minimum, then that's around 13.4c EPS for the year for the core business alone, i.e around 9p EPS.

Then you add in the investment gains on top.....plus the huge tangible asset back-up value from rigs, share portfolio etc.

Terrific rig utilisation rates - the best since 2012.

Plus "incremental revenues of $235 - $260 million over the next four years" from Sukari.

Plus an H1 divi up 33% to 1.2c.....

There's too much to list, but this share price is just crazy cheap, n'est-ce pas?

https://uk.advfn.com/stock-market/london/capital-CAPD/share-news/Capital-Limited-H1-Results/85872255

A very encouraging, confident AGM statement.

The year to date has seen "strong trading and good order levels". New products are seeing "encouraging" pre-orders, and are ideally placed for 5G rollout. There's been no effect at all from semiconductor supply issues, and CLX are already able with only one quarter gone to confidently state that expectations will be achieved:

Https://uk.advfn.com/stock-market/london/calnex-solutions-CLX/share-news/Calnex-Solutions-PLC-AGM-Statement/85872170

Nice buy trade of 645,750 shares at 21.125p reported last night.

New article about carbon insetting (as opposed to offsetting) and achieving net zero:

Https://inspiredenergy.co.uk/carbon-insetting-drive-down-scope-3-emissions/

I completely agree with ST that VLG looks cheap at these levels and there's been a huge over-reaction.

VLG are forecast to make 6.21p EPS next year after the acquisitions already completed, and including almost nothing for hand sanitiser and Dentyl China.

That's a P/E of just 11.3 at 70p.

Then there's further upside from additional acquisitions, and indeed from any furher gains from sanitiser or from China.

There's some useful additional snippets of info in Zeus Capital's note from yesterday which peeps may not be aware of - it seems all is going well at the Knowsley facility:

"Recent site visit and trading issues in H2 – Surface’s factory is based in Knowsley in the Liverpool City Region. The plant is significantly more developed than two years ago with preparations well underway to install OEM Production Cell 2 and fulfil new customer orders. The workforce will grow by a further 20% by year-end to meet expanding demand. On H2 trading (as previously discussed by the Group) Aston Martin and OEM 8 have now started to produce the vehicles that Surface is contracted to supply discs for. Deliveries for the Aston Martin Valkyrie are being made. OEM 8 deliveries are scheduled to start in Q4; design & development payments have already been received."

Further successful drilling for CORA announced this morning - and more activity for CAPD's rigs:

Https://www.londonstockexchange.com/news-article/CORA/multiple-high-grade-intercepts-at-sanankoro/15102352

"Update on drill programme progress

â—? 328 holes drilled totalling over 36,648m from start of the campaign to 12 August 2021

â—? The Capital Drilling deep RC rig has been moved, following completion of the P2 deeper holes at Selin, to target follow-up on the high-grade intercepts reported at Zones A, B1 and C, and as part of the completion of the P2 resource consolidation process.

â—? The GEODRILL KL600 RC rig will complete the southward progression of the Selin P2 shallow resource consolidation drilling.

â—? The Capital DD rig is moving south to complete geotech-metallurgical programmes at Zones A, B and C prospects."

The CPO price has risen again and is close to those multi-year highs, so given the delay in prices in reaching their markets, DKL are likely assured of continuing very high prices for their production until at least the end of October:

Https://www.rea.co.uk/websites/reaholdingsplc/English/2450/cpo-price.html

...and there's another very intriguing comment at the end of today's RNS.....

"We look forward to making further contract award announcements over the next few months."