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Good to see a buy this morning at the full 3.2p offer. There was a sizeable 500,000 share buy yesterday at 3.174p.

in this magazine as per the link below on pages 96 to 107. Personally I see fair value here at not far off double the present share price, at say 125p-130p as per Tamesis Partners' target price:

Https://issuu.com/andersonmurraymedia/docs/rgn_v8i2/96?fr=sNDA5YjM0NjEyMjE

Lovely - and unusually small - 3p spread at 75p-78p after yesterday afternoon's move up.

Nice blog post from last week from RNWH's Clarke EV about electric car charging points and installations at the workplace:

Https://clarke-ev.com/workplace-ev-charging-scheme/

Which leads you to here:

Https://clarke-ev.com/workplace-charging/

Good spot rugs - that 2.97m shares reported late yesterday is presumably what's been holding the price back. The net 743,000 shares bought today has produced a nice 6% rise so far.

I note that on ADVFN Hastingshas stated he's been a new buyer today. He writes the excellent Private Punter web site/column which has a good following and has noted that he's hoping to arrange something with the company to do a write up, so the message may spread a little wider soon.

Cheers - the Outlook page is well worth a look. The share price should be at least 50% higher imho:

- Q1 saw the highest quarterly revenues since CAPD's inception
- expanded budgets providing significant tailwind for CAPD
- experiencing the strongest demand environment for drilling services in a decade
- tendering activity strong across all business activities

A few random notes from TST's recent investor presentation FYI:

- recurring revenues were up 15% last year to £2.1m, and should be up another 15% this year
- three new customers for POD systems already this year
- Microsoft Mobile has been discontinued, so the resulting upgrade cycle will benefit TST
- TST will generate cash this year
- from here, every additional £1 of revenues should largely drop through to the bottom line
- £0.5m of last year's £0.9m drop in admin.costs should continue this year
- TST are in a trial with the NHS to distribute pharmaceuticals directly to homes. This could be a large contract assuming the trial is successful
- Access Control are trialling facial recognition in a Government department. This could also be significant in monetary terms

Any corrections/mistakes pointed out welcomed.

Random thoughts on prospects in the USA.....it's possible that CNIC could go for a dual US listing, given that not only most of its competitors and the main sector investors are over there, but of course valuations are so much higher. We already know that CNIC are extremely undervalued on fundamentals compared to those competitors.

Equally or more likely is that CNIC gets acquired by the likes of GoDaddy. Given that CNIC must be highly complementary to GoDaddy's operations with most of its revenues historically outside the USA, I'd have thought that at some stage CNIC would be an attractive target - especially at the relative undervaluation.

Hi Oogleflugal, not me this time! I saw those trades too - very healthy. Perhaps an overhang is clearing now.

Firstly, Hastings on ADVFN has confirmed with SDI that the year end trading update will be at the endof May, so not long to wait.

Secondly, very impressive stuff - Chell Instruments have completed a "totally unique" "million pound test module" for a "for a leading international aircraft engine manufacturer":

Https://www.chell.co.uk/news/2021/chell-instruments-create-ground-breaking-mobile-jet-engine-testing-facility-

"Chell Instruments Create Ground-breaking Mobile Jet Engine Testing Facility

World-renowned gas measurement and control experts, Chell Instruments, have completed construction of a unique mobile jet engine test facility.

Chell have developed the testing facility for a leading international aircraft engine manufacturer who require a mobile solution to test engines undergoing development at various locations around the globe.

The unit began life as a custom built 20ft heavy-duty shipping container which has been modified and converted into an expandable, portable testing unit by Chell’s engineers. The million-pound test module will be based in Derby when not deployed at sites around the world.

Jamie Shanahan, Sales Director at Chell Instruments, says “Emissions testing of Jet engines requires a significant amount of complex and specialist equipment. When a leading aircraft engine manufacturer asked us to create a mobile solution with no compromises to the testing capability, we jumped at it. Our portable unit will cut costs by making it convenient to transport the impressive capability anywhere in the world as standard freight.”

Totally unique, the test module has been specifically developed for ease of movement. By utilising a standard shipping container, it can be transported by land, sea or air. It is also expandable for internal space and comfort and is deployable on most surfaces due to its hydraulically auto-levelling design.

etc"

An article in Retail Week about the ecommerce and supply logistics boom and Wincanton’s new ecommerce hub:

Https://www.retail-week.com/retail-voice/collaborative-ecommerce-the-post-covid-route-for-mid-sized-retailers/7039678.article?authent=1

Very good RNS from Spirent this morning, with in particular some excellent quotes specific to CLX's 5G testing and assurance sector...

Https://www.londonstockexchange.com/news-article/SPT/first-quarter-2021-trading-update/14954339

"Spirent continues to win in 5G with the development of 5G technology and networks remaining a firm driver underpinning our growth, securing more than 180 deals during the quarter from more than 80 customers demonstrating strong worldwide 5G uptake."

"Lifecycle Service Assurance

Strong order growth in the quarter was driven by continued demand for both our lab and live solutions. We continue to focus on expanding our Services offering and we secured a number of new wins with leading service providers globally, for our managed solutions business. In addition, demand for our new 5G device test solutions and services continues to grow."

"Demand for our assurance solutions continues to strengthen as market drivers for reliable communications remain robust and the pipeline build for our Networks & Security segment is reassuring. Our focus on growing our services business is working, with new secured customer wins for managed solutions and a growing pipeline of new opportunities."

Following a recent drift the m/cap is now £64m. MWE have a £7m cash pile. With 3.16p EPS forecast this year, the ex-cash P/E is now down to around 19, which is pretty good value for a growth company expecting a number of years of sustained growth in 5G/antennas, water management and defence/tech consultancy.

Plus MWE have a $2.7m freehold property as further asset backing.

Plus the share price is now well below the 80p which Herald and other institutional investor were willing to pay for a large block of shares only last month.

A poster elsewhere has stated that CAR have this morning been tipped by City Confidential. I can see the start of the tip here:

Https://www.cityconfidential.co.uk/carclo-36p/

Amazing isn't it - most PIs seem to go for blue sky stuff with no or tiny revenues valued at £100m+, so the likelihood of multibagging when you're already paying sky-high prices is very small. And the risk/reward equation is hugely against you given the potential downside from the slightest disappointment.

In contrast, REAT has three-bagged from when I bought around just a year ago. Yet it's still only on a £15m m/cap at quite a reasonable growth P/E based on the annualised run-rate of 1.7p EPS - and that was from after the Fidelis acquisition and before the two most recent contract win RNS's, including the huge contract win yesterday.

It's not hard to envisage REAT making equally large gains from here given the potential for more such sector supplier/contract consolidation and further acquisitions.

with the full 36.9p offer price being paid. Looks like the early traders have been squeezed out.

Nice start today - looks like others thought last night's presentation was impressive too.

A few presentation notes from me:

- the FM client from yesterday's contract win RNS is now spending £6m+ with REAT over 3 years. Two to three years ago they were spending just £30k, then last year £180k....
- with over 2,000 sites this contract will take a while to implement, with the major impact being in the next financial year starting October 1st
- overall for REAT, 80% of revenues are recurring. 50% of these are for contracted maintenance, and 50% for reactive/emergencies. The latter is a "unique" and nationwide service
- the Fidelis acquisition has 87% recurring revenues, wholly contract maintenance. High margin work at 33% margins, in the educationa nd healthcare sectors, usually on 3-5 year contracts and often with 2 year extension periods built in. They bill customers monthly in advance, and offer small settlement discounts, so cash collection is quick and problem-free
- as part of REAT, new opporttunities are opening up for Fidelis in the university sector after winning their first such contract a year ago
- more acquisitions are on the cards
- REAT have 30 customers who already spend £3m-£5m per annum similarly to the FM customer from yesterday's contract win, spread amongst a number of suppliers, so there are big opportunities to consolidate the sector in the same way

Happy to be corrected on my notes from anyone else who was listening.

An encouraging year end trading statement, with CTP's H2 revenues "stronger than...previously anticipated" and a bullish outlook having won new contracts which brought in additional tooling revenues.

Aerospace was weak as expected but is less than 5% of Group revenues.

CTP "has secured significant new business in the second half of the year mainly related to the medical sector and consisting of both COVID and non-COVID related products", which bodes extremely well going forward.

Debt has been reduced, and pensions and loan facilities are now being managed carefully with a more positive feel about things.

Great to see the rise today on a very healthy 13.5m shares traded, including a late 350,000 share buy at 3.03p.

I thought tonight's Mello presentation was extremely positive - once again REAT's management came across very well, with a clear strategy and the knowledge and means to implement that strategy. I'll try to post a few notes from the presentation tomorrow.

This report just out - good to see EK buying in heavily here. Here's a direct link:

Https://masterinvestor.co.uk/evil-diaries/evil-knievil-taking-the-plunge-with-pelatro/

"Nobody knows what the advertising revenue will be but on a three-year view $15m p.a. is posited as possible. If so the profits thereby generated will be massive – perhaps as much as $10m p.a. This contrasts with the current capitalisation of PTRO of c. $28m at a share price of 53p. TNAV is perhaps a few million USD.

The managers have been successful before and I therefore think it is wise to back them now.

I bought 300,000 shares at 60p last week but quite accept that the price can retreat a bit. If so, I do not mind since this stock is for the patient. (If PTRO fails there will be very little left.) I do not know what the target price should be but by end June, say, it should be smartly higher and on a three-year view we can get anywhere."