Member Info for rivaldo

I've amended my calculations for the Q1 figures.

MWE have around a 7.7p per share cash pile (plus a sizeable freehold property as extra asset value back-up).

At 64p, that puts MWE on a current year ex-cash P/E of 17.9, dropping to a forward P/E of 16.1.

And that's without any further upgrades.

Taking into account sector ratings in MWE's growth sectors of 5G, water management etc I'd say that's rather good value now.

Looking extremely strong.

Great to see an NED buying another 30,000 shares - increasing his holding by 30% to 130,000 shares.....

https://www.investegate.co.uk/sureserve-group-plc--sur-/rns/transaction-by-director-pdmr/202106071127460444B/

Hardman have posted the AGM presentation video here, with some commentary:

Https://www.hardmanandco.com/hardman-talks-surface-transforms-qa-with-the-board/

Extract:

"Management stated the current longer pipeline of active new contract discussions fills Knowsley capacity, which exceeds £75m pa revenue, and anticipates the existing capacity will be full by 2026 but this could come significantly sooner. Of course, within any industry and particularly so with OEMs, the timetables cannot be tied down. Management also anticipates a further contract win this year.

The product has a number of specific environmental benefits which have been outlined in the past and become increasingly relevant over time. Well over half the pipeline is electric or hybrid. Electric vehicles benefit particularly from the weight-saving benefits of carbon ceramic brake discs."

Also a nice mention for SCE in this article about the AM Valkyrie:

Https://www.hotcars.com/10-insane-facts-about-the-super-rare-aston-martin-valkyrie/

Good start to the week with an early tick up and new recent highs.

N+1 Singer this morning have increased their fair value to 140p with a further upgarde likely to 165p:

"Using consistent methodology, i.e. 15x prospective EV/EBITDA, our fair value estimate moves to 140p (vs 114p). Investors should note, however, that 1) the broadening of the brand portfolio, 2) entry into a new growth vertical, and 3) margin expansion should underpin some rating expansion in our view. Using a 17.5x multiple would increase fair value to c165p based on existing forecasts."

Nice mention for CAPD this morning re CORA's successful and extensive drilling campaign:

Https://www.investegate.co.uk/cora-gold-limited--cora-/rns/56m---3.54-g-t-au-from-22m-depth-at-sanankoro/202106070700119546A/

"Update on drill programme progress

? 163 holes drilled totalling over 16,000m from start of the campaign to 2 June 2021
? A third rig from GEODRILL will commence drilling shortly
? Capital Drilling's diamond core rig has started a >2,000 metre core programme
? Targeted completion of up to 35,000m drilling by end of July 2021

Bert Monro, CEO of Cora, commented, "I continue to be hugely impressed with the work all the Cora team and our contractors are doing on site."

Looks like a very good earnings-enhancing and strategically important -and material - acquisition for £36m this morning:

Https://uk.advfn.com/stock-market/london/venture-life-VLG/share-news/Venture-Life-Group-PLC-Acquisition-of-BBI-Healthca/85294412

Plus more news flow soon:

"further acquisitions, such as Project Vulcan, which is still in progress and we expect to update the market on soon."

The key paragraph imo:

"It is, therefore, our expectation that adjusted for a full year effect of immediate cost savings (and before we have achieved any revenue synergies), the acquisition would represent a high single digit EV/EBITDA multiple for FY21 and we expect further revenue growth in 2022 and beyond."

Further good news for the future:

"The business comes with its own manufacturing facility in Gnesta (near Stockholm), Sweden, which manufactures the BV gel product. This facility has been heavily invested in by the Seller and possesses fully automated production machinery that is currently running at circa 20% capacity. This facility has significant capacity for volume growth and provides VLG the opportunity to increase output to meet and generate new business."

This looks like very good news - two "multi million pound" contracts for the Nuclear Decommissioning (NDL) consortium which includes RNWH's Shepley Engineers at the nuclear decommissioning project at Dounreay.

These are obviously good news in themselves, but being the first major contract wins for NDL under the Decommissioning Services Framework (DSF) should also bode well for more and bigger wins in the coming years given the £billions of work which will be necessary:

Https://www.neimagazine.com/news/newsndl-consortium-wins-two-decommissioning-projects-at-dounreay-8788483

Extracts:

"NDL consortium wins two decommissioning projects at Dounreay
3 June 2021

The UK-based Nuclear Decommissioning Ltd (NDL) consortium has won a multi million pound design contract related to the Prototype Fast Reactor Facility (PFR) decommissioning project at Dounreay in Scotland. Joint venture group NDL brings together four nuclear decommissioning businesses – James Fisher Nuclear (JFN), Shepley Engineers, React Engineering and Tetra Tech – appointed to support the clean-up and demolition of former experimental fast reactor site at Dounreay, being caried out by Dounreay Site Restoration Ltd (DSRL) on behalf of the Nuclear Decommissioning Authority (NDA).

This is the first major contract win for NDL under the Decommissioning Services Framework (DSF). The removal of irradiated fuel (IF) from site is a key goal for NDA and will significantly advance decommissioning progress on site. The consortium will be working collaboratively with DSRL to provide all scheme designs for plant, equipment and systems....

....NDL has also won a multi-million pound project related to decommissioning strategy for the Highly Active Liquor Storage and Evaporation Facility (HALSEF) at Dounreay. The NDL consortium partners will develop an integrated concept and scheme decommissioning plans for HALSEF. JNF said key to this approach will be enhanced stakeholder engagement at every stage, with NDL and DSRL working in collaboration to deliver a successful outcome. The decommissioning strategy will adopt a ‘Waste Informed Decommissioning’ approach to optimise waste streams throughout the decommissioning process, to minimise cost and required Intermediate Level Waste (ILW) storage provisions."

New update note from Edison. They now go for 9.93c EPS this year, rising to 10.94c EPS next year - that's a forward P/E of only 11.2:

Https://www.edisongroup.com/wp-content/uploads/2021/06/CentralNic-Group-A-solid-Q121-with-double-digit-organic-growth.pdf

Summary:

"CentralNic is trading in line with management’s expectations and the pipeline of future deals remains strong. The shares trade on an FY21e EV/adjusted EBITDA of 9.1x and P/E of 12.3x, which does not reflect the growth prospects for the group."

Great to see SCE supplying to the Lamborghini Huracan - which must be a bit galling for Brembo with Lamborghini being a key player in their Italian homeland!

I very much enjoyed the recent Hardman presentation - the two new non-execs came across well and evidently have terrific contacts and experience which should be of great benefit to SCE.

It surprises me that anyone is selling at all at present except if the holder has an overly large holding or is desperate for cash. It seems completely obvious to me that there are big things coming, whether in the coming days, weeks or months, especially given all the various director dealings as talked about in the presentation.

Looks like the seller is out and the bounce has well and truly started.

at 3.48p just reported.

Nice early bounce - given the huge potential and global market leadership it's hardly surprising.

Part two:

"The shares have achieved my 325p target price, having risen by a third in the past three months, and have produced a 555 per cent total return since I included the company in my 2017 Bargain Shares portfolio. However, I feel that a 2022 PE ratio of 13 offers scope for further upside. Not only is the company forecast to deliver 87 per cent and 28 per cent EPS growth in 2021 and 2022, so there is a strong earnings tailwind, but clearly Kape’s management are on the look out for more earnings accretive acquisitions.

I am raising my target price to 375p based on a target 2022 PE ratio of 16.5 and enterprise valuation to cash profit multiple of 13 times. Buy."

Here's Simon's new tip - part one:

"Kape makes strong start to 2021

New US$220m debt facility includes US$90m acquisition facility.
Borrowings expected to be wiped out by end of 2022.
Business adding 25,000 new customers per month.
New product launches and cross-selling initiatives helping to drive up average order values.

Cyber security software provider Kape Technologies (KAPE: 315p) has issued a bullish trading update and announced a new senior secured bank facility on enhanced terms.

Kape is on bang track to deliver 2021 revenues of $197-202m (representing 65 per cent growth) and underlying cash profit of $73-76m (90 per cent growth), in line with guidance at the time of the US$149m earnings accretive acquisition of Webselenese (‘Tap into an eye-catching earnings cycle’, 8 March 2021). Webselenese is an independent digital platform that provides 8.5m users with unbiased insight driven content focused on cyber security and privacy trends that attracts software vendors (McAfee, NortonLifeLock, Dashlane and Kape). Kape has launched multiple cross-company initiatives since making the acquisition which are enabling it to benefit from Webselenese's substantial technology knowhow as well as enhancing the group’s product development and go-to-market capabilities.

Kape’s digital privacy division continues to deliver bumper growth. Since the start of 2021, the business has added 25,000 new customers per month to take the total to 2.61m paying subscribers, with growth rates expected to accelerate. The directors also report that over 12 per cent of new Cyberghost customers and 20 per cent of new Intego users are purchasing more than one product.

New products are helping to drive growth, too. For instance, Kape launched its Privacy First Anti-Virus for PC, which will initially be Intego branded, and in the coming months will be rolled-out to both CyberGhost and Private Internet Access users as part of a wider initiative.

Adoption of Kape’s cyber security software (which protects data security and privacy against piracy and phishing attacks), and virtual private network (VPN) solutions (which encrypt and secure internet connections) have been rising notably in both North America and Europe, regions that account for three-quarters of Kape’s revenue.

The new US$220m debt facility is priced at a keen 2 per cent margin above the applicable reference rate and includes a US$90m acquisition facility. It replaces the existing US$40m term loan and US$120m bridging loan facility that funded the Webselence acquisition. Analysts at Progressive Equity are forecasting 2021 closing net debt of US$77.7m and predict 2022 operating cash flow of US$92.7m will wipe out borrowings by the end of next year. The deleveraging of the balance sheet is important as it means that more of the economic interest in the entity transfers from debt holders to shareholders."

Good to see buying coming in at almost the full 85p offer price now.

It would be great to see SCSW's new issue on Saturday covering SUR. The upside from here appears both high and compelling to me, but I suspect a company like SUR is just too "boring" for the readership :o))

ACSO have partnered with Boston Logan International Airport to pilot virtual queueing - their first entry into the airline industry....

Https://www.prnewswire.com/news-releases/boston-logan-international-airport-pilots-virtual-security-line-powered-by-accesso-301305105.html

Extracts:

"Boston Logan International Airport Pilots Virtual Security Line Powered by accesso®

U.S. Airport Harnesses the Power of Virtual Queuing to Enhance Passenger Safety Amid COVID-19

ORLANDO, Fla., June 3, 2021 /PRNewswire/ -- accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider for attractions and venues worldwide, has partnered with Boston Logan International Airport to pilot a Virtual Security Line. This partnership marks accesso's first foray into service of the airline industry and positions Boston Logan International Airport as a pioneer in adoption of technology that is proving vital to enhancing customer safety, trust and loyalty while adhering to pandemic-related protocols.

A trial implementation of the Virtual Security Line – powered by accesso's intuitive Qsmart(SM) virtual queuing platform – was launched in April 2021 and is running, initially, for an eight-week span, supporting the airport and its passengers, as well as the team members that manage on-site operations, as market forecasting points to an increase in air travel due to pent-up demand and continued progress is made on administration of COVID-19 vaccinations.

Passengers at Boston Logan International Airport currently have the safety-driven convenience of navigating the airport's security line with the use of virtual queuing – a technology formerly exclusive to the leisure and entertainment industry, but one that has quickly been adopted by a variety of industries. Today, operators of nearly all backgrounds are seeking out new, innovative ways to effectively maintain physical distancing measures while laying the foundation for a positive consumer experience....

....Passengers preparing to enter the Virtual Security Line at Boston Logan International Airport can do so seamlessly with the Qsmart platform directly from their mobile device (no mobile app download required) – removing yet another potential point of physical contact – to "check in" to the line. A countdown will allow passengers to see their remaining wait time and they will be notified in the browser session when it's their turn to enter the line; at the line's entrance, airport staff conduct a contactless scan of the QR code on the passenger's mobile device to redeem their place in line.

Without the need to configure additional hardware, Qsmart boasts a rapid implementation time, making the process easy for airport staff, as well. Additionally, Qsmart allows staff to reduce traffic inconsistencies and, instead, forecast and achieve a steady, manageable flow of arriving passengers. The elasticity of this process is more important than ever in the continued age of physical distanci

Apparently KAPE was tipped after the market closed last night by Simon Thompson. He's raised his target price to 375p, based on a target 2022 PE ratio of 16.5 and enterprise valuation to cash profit multiple of 13 times.

Hopefully we should see a nice uptick today.

511p being targeted here....

Https://www.marketscreener.com/quote/stock/WINCANTON-PLC-4003478/news-strategies/The-underlying-trend-is-in-force-again-35505793/

"Wincanton plc : The underlying trend is in force again
06/03/2021 | 07:49am BST

long trade
Live
Entry price : 441.36GBX | Target : 511GBX | Stop-loss : 410GBX | Potential : 15.78%

The underlying tendency is to the upside for shares in Wincanton plc and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.

Investors have an opportunity to buy the stock and target the GBX 511."