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Terrific news - an 8-year contract worth £36 million, and for a new client too. The markets love secure long-term revenues like this.

And yet the P/E here is barely above 10. Crazy:

Https://uk.advfn.com/stock-market/london/sureserve-SUR/share-news/Sureserve-Group-PLC-8-year-contract-worth-GBP36-mi/85542503

Good news this morning from CAPD client Altus Strategies at their Tabakorole drill site, with "a number of drilling programmes" forecast by the CEO:

https://www.investegate.co.uk/altus-strategies-plc--als-/rns/drilling-results-at-tabakorole-gold-project--mali/202107080700055904E/

And also great news from Cora Gold:
https://www.investegate.co.uk/cora-gold-limited--cora-/rns/world-class-intersection--19m---31.56-g-t-au/202107070700033737E/

An excellent summary of current matters yesterday from dangersimpson2 FYI:

"In general, the CAPD equity portfolio is doing very well and stands at around $35m by my estimates, or over 17% of the current market cap, having gained over $7m in value in 21H1. And this is despite them topslicing over a $1m of Firefinch and largely selling out of Arrow Minerals for a few hundred $k.

However, good drilling results at Cora are positive for CAPD whether they still hold the shares or not, as they tend to drive further infill drilling campaigns. In the long term, this also increases the chance of production drilling contracts if these projects get developed.

Also of note is that Hummingbird also had positive drill results today: hTTps://www.investegate.co.uk/hummingbird-res.--hum-/rns/sanioumale-east-drilling-results-and-tvr/202107070700033679E/

9m at 26g/t not quite as good as Cora but again this is likely to be a CAPD drilling campaign where such positive results will drive further drilling activity.

In many ways, CAPD's clients success is their success also. Doubly so for the ones where they hold significant equity stakes too."

Massive potential for INSE from the government-led requirement for energy performance certificates (EPC) in coming years:

Https://www.thetimes.co.uk/article/energy-efficiency-bill-saps-british-land-and-land-securities-6l8w9szpw

"By 2030, the government wants all rented commercial properties to have an energy performance certificate (EPC) of B or above, a proposal that Jefferies expects “to become law”. However, only about a quarter of British Land’s and Land Securities’ portfolios reach that rating at present. Jefferies estimates they will be saddled with a bill of between £700 million and £800 million to sort out their buildings."

Here's INSE's take on how they can help:

Https://inspiredenergy.co.uk/compliance/energy-certificates/

An encouraging H1 update, with revenues up 34% and exceeding expectations, and most importantly:

"Progress with potential OEM customers

The Company is pleased to report continuing progress with regard to both customer discussions and product testing; Accordingly, the Board still expect to announce significant further contract wins with both new and existing OEM customers in the current financial year."

Production ramp-up is going smoothly and revenues will scale up in this Q4. No slip-ups, and everything looks good:

Https://uk.advfn.com/stock-market/london/surface-transforms-SCE/share-news/Surface-Transforms-PLC-Trading-and-operations-upda/85540526

Good stuff - can't ask for much more than this in an AGM statement:

"The Board confirms that the strong revenue performance recorded in the second half of the prior year has continued into the first quarter of this financial year, with sustained growth and an attractive pipeline of opportunities in each of the Group's four sectors. Wincanton continues to make operational and strategic progress and it is trading in line with expectations. Profits are up significantly on the same period last year."

In addition, the driver shortage is referenced and being addressed positively.

The prior trading statement said revenues would be comfortably more than $83m this year, so this is a major upgrade to more than $100m - and with six months still to go this could be increased further:

"accesso is pleased to report that since its AGM trading statement on 18 May 2021, the Group has continued to benefit from pent-up customer demand and the accelerating trend towards online commerce in its end markets. The Group has seen operators' need to manage capacity boost its online reservation activity, and its virtual queueing solutions have seen demand well beyond historic levels. This has resulted in year-to-date revenues in 2021 significantly ahead of expectations.

"As a result, in the absence of major new impacts from the pandemic, the Board now expects full year revenue for 2021 to be in excess of $100m.

Alongside this strong current trading, the Group's confidence in its future growth trajectory is also bolstered by a significant uptick in demand from potential customers who are looking to introduce technology upgrades as part of their pandemic recovery initiatives."

I very much like today's news - all that data could generate large revenue streams at relatively little cost:

Https://uk.advfn.com/stock-market/london/centralnic-CNIC/share-news/CentralNic-Group-PLC-CentralNic-establishes-Data-a/85529938

"CentralNic establishes dedicated Data and Artificial Intelligence Group to leverage its vast data assets, headed by leading expert in data science

CentralNic Group plc (AIM: CNIC), the global internet platform that derives recurring revenue from the sales of domain names and web services, today announces that it has established a Data and Artificial Intelligence ("AI") Group to leverage its vast data sets.

CentralNic stores, manages, and is exposed to huge datasets that can be used for advanced analysis. Examples include; navigation data on tens of millions of daily DNS queries, ad-tech data on tens of millions of domain advertisements, site usage data on hundreds of millions of unique visits and millions of monthly clicks, and similarly extensive data on transactions and registrations.

These extremely large data sets lend themselves perfectly to AI and machine learning applications that can be used to provide a large array of initiatives which will benefit both the Company and our customers. These include; improved customer service, optimised business operations and decision making, enhanced marketing, reduced customer churn and automated detection of non-compliant customer activity.

CentralNic's online marketing companies have advanced data capabilities as part of their core business which make extensive use of machine learning. The new Data and AI Group will ensure these capabilities are utilised across the whole Company, bringing together 14 data analysts from different business units and integrating all of the Company's data sets and data expertise.

etc"

Nice bounce continuing today. The H1 trading update was on 21st July last year, so not long to go.

Given the "strong start" to 2021 per the late May AGM statement the update will hopefully reinforce the positive sentiment here.

FYI here's Shore Capital's forecasts from their last note on 26th May - remember that the current year ends in less than 3 months' time:

to 30/9/21 : PBT £12.9m, 6.6p EPS, 1.5p dividend
to 30/9/22 : PBT £15.4m, 7.8p EPS, 2p dividend
to 30/9/23 : PBT £16.9m, 8.2p EPS, 2.6p dividend

On an imminent P/E of 10, falling to single figures, 1 I'd suggest SUR are already well into bargain territory.

Good to see an NED buying her maiden stake in INSE - and a decent chunk too at £25,000's worth at 19.5p:

Https://www.investegate.co.uk/inspired-energy-plc--inse-/rns/director-dealing/202107061002263125E/

Today's Investor Meet presentation was extremely impressive as ever imo.

Interesting commentary on the potential going forward. The Group (including Fidelis) are on an anuual run-rate now of £10m-£11m turnover, and this could double in the next 3 years - but it could also be three or four times bigger with M&A, which will always be earnings-accretive.

Other notes:

- REAT have a large and defensible moat as they are the only company of size which (a) provide a one-stop shop of such specialised services and (b) operate throughout the UK with such fast response times
- there are around 150 customers, of which 25 are large, key accounts. REAT are actively going after these to consolidate their supply chains, in the manner of the recent £2m per annum contract win of "one of the world's leading facility management companies"
- interesting to hear SD note that he much admires Marlowe (MRL), and Mark Braund also referenced them later
- the likes of ISS and Rentokil do NOT do this work, so subcontract to REAT if they have to do it
- all the institutional shareholders are supportive, and in particular the emphasis is on capital growth with no need for dividends. I heartily approve!
- at some point REAT themselves may become a target. This was noted by MB as a possible exit route for shareholders, and again this seems perfectly likely to me.

Incidentally, the poster earlier who claimed that REAT are somehow "covid dependent" evidently missed just what a small proportion of income arose from this source in the prior reporting period! And indeed has entirely missed where REAT's income - which is largely recurring - emanates from. Hard to credit.....

Nice 75,000 share buy at 80p just reported....

WH Ireland have issued an update this morning. Against PEG's £7.2m m/cap, they forecast:

this year : £14m revenues, £0.5m PBT, 0.8p EPS, £2.3m net cash
next year : £15m revenues, £0.8m PBT, 1.4p EPS, £2.9m net cash

It's not difficult to see a share price of anywhere from 20p-30p in the next few months imo assuming the business continues to progress along with the upturn in the train sector, particularly with a cash pile representing around a third and rising of the m/cap.

New RNS - Kestrel continue to buy. They now have 22.54% of CNIC with 56.6m shares:

Https://www.investegate.co.uk/centralnic-group-plc--cnic-/rns/directors--dealings/202106301618017184D/

Good to see around £60,000 of shares bought by the Chairman and CFO post-results - quite a meaningful amount:

Https://uk.advfn.com/p.php?pid=news&symbol=L%5ECAR

Another £0.5m contract win - and significantly this is (1) for QRO, so an unusually large win for them, (2) is for a new customer, and (3) is for overseas, which raises the prospect of further sales across the globe - as hinted at in the comment "we look forward to the possibility of working with them on future projects":

Https://uk.advfn.com/stock-market/london/petards-PEG/share-news/Petards-Group-PLC-Contract-Award/85488329

Incidentally, no-one here posted re the other £0.5m contract extension win for RTS only a week ago, bringing in more recurring revenue for the next few years:

Https://uk.advfn.com/stock-market/london/petards-PEG/share-news/Petards-Group-PLC-Contract/85432931

Excellent news - and some great comments too:

https://surfacetransforms.com/news-blog/2021/6/29/surface-transforms-appoints-hcf-brake-systems-as-a-us-representative

"HCF owner, John Burer, said "Surface Transforms rotors are a world class product that outperform the chopped fibre factory fitment rotors on every level".

Price Cobb, Managing Director of HCF Brake Systems said: “I was well aware of the pros and cons of the standard OE Carbon Ceramic rotors found on our cars today yet unaware of what could be done about it until I found Surface Transforms. Heat is the enemy of the carbon ceramic, until that is Surface Transforms came up with the continuous fiber construction process for the Carbon Ceramic rotor”.

He added: “early in my professional racing career I was involved in testing the then new technology carbon brake rotors. These pure carbon brakes worked wonderfully in a racing environment but were lacking in the more common street driven environment. This deficit in the street car environment is why the carbon-ceramic rotor came to pass.

It wasn't long before consumers could see that the standard Carbon Ceramic rotor couldn't stand up to prolonged hard use in large part because of the way these common OE (Original Equipment) rotors were being manufactured. Along came the folks at Surface Transforms who felt the same as there had to be a way to give long life & withstand elevated track temps. No matter how you look at it, or compare them, the technology found in the Surface Transforms rotors surpasses all the standard OE stuff handily both on and off the track!”."

Brief analyst comment here:

Https://www.proactiveinvestors.co.uk/companies/news/953714/inspired-energy-says-it-is-trading-in-line-with-market-expectations-953714.html

"House broker Shore Capital said: "With recovery out of the pandemic gaining momentum, Inspired is poised to benefit, in our view, delivering essential services in energy assurance and optimisation as well as through its emerging ESG based compliance platforms."

Very solid AGM statement, with the business trading nicely in line with expectations, including the new acquisitions, and:

Https://uk.advfn.com/stock-market/london/inspired-energy-INSE/share-news/Inspired-Energy-PLC-AGM-Statement-and-Notice-of-Re/85475361

"The underlying market dynamics continue to provide growth opportunities within Energy Optimisation Services and the Board is encouraged by the increasing traction in demand for Inspired ESG and Inspired Software."

Good to see CSSG getting some attention on Stockopedia, with a new review by Jack Brumby in his market update yesterday. He concludes:

"Robust Trading

Both divisions have traded well since the start of the year and the impact of Covid-19 has been more than offset by strong performances elsewhere in the group. The board now anticipates a better result than previously expected, with FY EBITDA of at least £1.85m (2020: £1.75m). Taking the group’s net cash figure of £5.5m below and using that for the EV calculation, that looks like striking value on the face of it (EV/EBITDA of c3.85x).

Croma Systems (which includes the lockdown-affected locksmith stores) is expected to deliver an increases in sales and profits against the prior year.

Croma Vigilant, the largest division, is also expected to perform well against the prior year. This division has benefitted from the increased need for manned guarding and Proception services.

Balance sheet – no debt (excluding lease liabilities) with net cash of £5.5m. That’s highly significant given the market cap, as is the level of annual revenue.

Conclusion

Trading momentum is positive and if this is a viable business, then the shares are likely mispriced at current levels on account of the material net cash holding. Croma has struggled to increase net profits in line with revenue growth though.

Despite that, the group looks strongly cash generative so perhaps profits are understated.

With such a small market cap, corporate governance and depth of management are key considerations. Is there enough quality at the top to get Croma up to the next level in terms of scale? A quick look at indeed shows some mixed reviews from employees. By itself, not enough to come to any kind of conclusion, but it’s enough to suggest this is an area to investigate further. As noted above, it’s good to see some institutions present.

There’s probably potential here, but also clear risks primarily around liquidity – if there is ever a profit warning and you want to get out, it’s going to be tricky. This must partially explain the cheap valuation."