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SDI are featured in a new article by Mike Tubbs about the thriving scientific instruments sector and the companies therein - SDI are by far the smallest company mentioned (apart from Kromek, who I'd steer clear from at their current valuation, though I'm also invested in EKF which is the next smallest to SDI):

Https://moneyweek.com/investments/stocks-and-shares/share-tips/602992/scientific-instrument-companies-are-a-global

"Scientific-instrument companies are a global success – here's how to play them

Companies delivering scientific instruments – products to measure and analyse our world – are crucial to sectors ranging from telecommunications to pharmaceuticals. Dr Mike Tubbs picks his favourite stocks in the sector.

26 Mar 2021

etc"

Good coverage of CAPD here (though their revenue figure is slightly understated!):

Https://www.northernminer.com/news/exploration-boom-in-west-africa-challenged-by-lack-of-services-report/1003829533/

"Exploration boom in West Africa challenged by lack of services — report

The West African mining industry has seen significant fundraising activity since October last year, driven by higher metal prices and the need to meet a growing global demand for metals, particularly those needed for electric vehicles and renewable energy.

For Capital Drilling (LSE: CAPD), a mining service provider that has spent the last two years expanding into West Africa, lack of exploration spend, flat drilling activity and record levels of financing have created a perfect scenario for companies to expand in the area.

The world’s second-biggest gold producing market zone, after China, is attracting a growing number of players, such as Barrick, IAMGOLD and Endeavour Mining, which recently acquired Teranga Gold.

Capital Drilling believes activity in the region is just taking off as companies look to replace mine production and discover new sources of key metals amid talks of a new a commodity supercycle.

“As with any rapid increase in activity, a mismatch in demand and supply of exploration, delineation and production drilling rigs has the potential to put the mining and exploration industry in the region under significant pressure,” Capital said in a White Paper published Tuesday.

New mining codes drawn up by various countries to attract and secure foreign investment have favoured a gold boom in West Africa that is extending to the rest of the continent, including Egypt.

etc"

per a poster elsewhere (from 660p).

last night. Hopefully the NT's tip will take SUR into the 80p's for starters, and then further and nearer to those broker valuations of over 100p. Here's what he said:

"vote at the advanced zoom seminar for most interesting share with growth potential over the whole day went to (drum roll…..) Sureserve (SUR).

On the face of it seems like a rather boring one. It provides maintenance, construction and energy support services to homes, schools and public buildings. So far, so yawn!

But … it looks massively undervalued given profits are forecast to grow massively over the next 2 years.

Broker notes from research-tree (see below for an offer re this site) are very bullish and say all valuation measures show the shares are worth over 100p and probably more suggesting there is little downside and lots of upside.

Brokers left valuations unchanged after Bob Holt executive chairman said he was leaving, hats off to him. SUR had a debt of £47m when he joined and now it is debt free.

Some nice upside to come for SUR here given patience."

Terrific news all round:

- an extremely earnings-enhancing acquisition, likely to return £5.5m+ PBT on £29.5m consideration
- funded from cash (no equity)
- with growth to come as AMP7 kicks in for five years
- RNWH have worked with J Browne for a long time so know them well
- in an atractive and growing sector

Plus trading nicely in line for H1 and ahead of last year. It's particularly encouraging to see that RNWH are already confident in delivering expectations for the year.

Great news - and the majority of the £7.5m will benefit this year too. I particularly love this paragraph:

"hVIVO is currently the only company worldwide that can facilitate RSV challenge studies and we are in advance negotiations with ALL (capitals mine) the significant RSV vaccine and drug developers globally."

Here's Cenkos' new summary for the record - encouraging to see their confidence that an acquisition will be completed in the "near-term":

"Venture Life Group Plc
Outstanding year

Venture Life Group has delivered an outstanding year with revenues up c50% and adjusted EBITDA up over 100%. Revenue growth was delivered both organically and via M&A, and across both the Venture Life brands and the Customer brands divisions. Revenue growth was matched by margin expansion, with gross margin up over 300bps and adjusted EBITDA margin above 20% for the first time. The group closed 2020 with a strong balance sheet able to support M&A. We believe Venture Life is entering 2021 in an exceptionally strong position with numerous organic growth opportunities and the financial capacity to complete significant acquisitions through the year. We reiterate our Buy recommendation.

?Venture Life brands– Venture Life brands revenues grew over 120% in 2020A, supported by both organic and M&A growth. Significantly, Dentyl revenues were up 80% and the company has resumed shipments of this product to its Chinese partner. PharmaSource contributed £2.8m of revenues and the new brand DISINPLUS contributed £3.6m.

?Customer brands– Revenues from the manufacture of customer brands were also up 12% in the year, supported by new and existing customers. Through the year, capacity at the manufacturing site was expanded providing scope for future growth in support of the group’s organic and acquisition strategies.

?M&A – Whilst the Group has not yet completed on any of the three potential acquisition targets discussed with the recent equity raise, we remain confident that at least one of these deals will be completed in the near-term. The raise has also enabled Venture Life to pursue other promising M&A assets and the company has added resources to bolster is M&A capabilities and increase pipeline development.

?Profitability– We believe 2020 demonstrated the significant operational leverage capacity within the group. Gross margin was up +300bps supported by favourable mix, manufacturing efficiency and higher margin acquired products. The adjusted EBITDA margin moved above 20% for the first time.

?Investment thesis – We believe Venture Life is in an exceptionally strong position at the start of 2021. We see organic growth opportunities in both divisions while the balance sheet strength and available debt financing is expected to support management’s M&A ambitions through the year. We remain Buyers of the stock."

Great to see a 29k buy at 65p at the close yesterday. Perhaps a good sign for today.

Great to see that the highly respected Herald Investments have increased their position here. They now have 4.46m shares (5.04%), an increase of 630,000 shares from the prior 3.82m shares:

Https://uk.advfn.com/stock-market/london/mti-wireless-edge-MWE/share-news/MTI-Wireless-Edge-Limited-Holdings-in-Company/84674527

Cenkos this morning highlight a cash-adjusted P/E of just 11.6 for 2020.

That's based on the 4.5p historic adjusted EPS and the £42.1m cash against a now £103m m/cap.

RokerPark, the figure you quote is only the basic/reported EPS - if you look at Note 6 in today's RNS you can see the 4.46p core adjusted EPS and how it's calculated. VLG really should have highlighted this at the top of the RNS, but are evidently not prone to boasting. This is both a bad (from an investor's point of view) and a good (management can be relied on not to overhype) thing!

That P/E is 12.9 for this year, but will certainly reduce even further after any acquisitions.

Great to see the CEO buying almost £75,000 of shares at 575p - a meaningful amount:

Https://uk.advfn.com/stock-market/london/accesso-technology-ACSO/share-news/Accesso-Technology-Group-PLC-PDMR-notification/84663221

Great to see such interest in MWE's shares from "institutional and other investors" at 80p. This should put a new floor on the share price and will add liquidity and general investor interest here.

Various directors etc have sold only small proportions of their holdings, which is quite understandable after such a vertiginous share pruce rise and given the previous lack of liquidity. They all still have very substantial ownership of the company.

The post-results presentations MWE talk about today must have been extremely well received!

Excellent results as flagged - 4.46p EPS, more than doubled from 2.18p EPS last year - and £42.1m cash against a now £103m m/cap.

The historic adjusted PAT of £3.85m plays an EV of £61m, so pretty good value.

And:

"The start of 2021 has been positive with continuing momentum to the sales and a solid order book."

I note too that Dentyl sales to China have now resumed. Ultradex suffered somewhat due to the lockdown, but online sales have zoomed so as lockdown eases this should continue to flourish. Disinplus sales in H2 were only £0.4m, so a big reduction from H1's £3.2m due to pandemic stocking up, but it'll be interesting to see much how this increases again in 2021.

Acquisitions are repeatedly mentioned, but no details given as to progress AFACS. Whenever they happen the shares should get a nice boost.

Very happy to hold here.

Great to see the Chairman putting his money on the line at 65p - £146,000 is a meaningful sum to spend on CAPD shares:

Https://uk.advfn.com/stock-market/london/capital-CAPD/share-news/Capital-Limited-Directors-Share-Purchase/84663228

Very nice contract win award today for Sure Maintenance - looks like an initial £0.81m which could potentially rise to up to almost £8.1m if it's extended through to 2025 if my interpretation is correct?

Https://bidstats.uk/tenders/2021/W12/747438178

Yet another appointment for Seymour Civil. Hopefully all this is indicative of continuing good trading overall:

Https://www.eastdurhamnews.co.uk/2021/03/17/second-phase-of-regeneration-project-to-transform-seaham-underway/

"Second phase of regeneration project to transform Seaham underway
Mar 17, 2021"

"Work has begun this week on the second phase of Durham County Council’s Seaham Townscape Heritage Project, a £1.6m scheme supported by the National Lottery Heritage Fund to enhance Seaham’s historic town centre."

"Following their successful tender submission, Seymour Civil Engineering Contractors have been appointed to undertake the works on behalf of the council, which are estimated to take around 12 weeks to complete."

Good to see the local authority backing SCE with a £1m Growth Funnd loan at just 2% above base rate and repayable over 5 years. More grist to the mill, and on excellent terms (it seems to me anyway):

Https://uk.advfn.com/stock-market/london/surface-transforms-SCE/share-news/Surface-Transforms-PLC-GBP1-million-loan-agreement/84652357

It was an Exec. Director who bought that £10k of shares yesterday to take his holding to almost 200,000 shares. Good to see:

Https://uk.advfn.com/stock-market/london/croma-security-solutions-CSSG/share-news/Croma-Security-Solutions-Group-PLC-Director-PDMR-S/84652572

after a £10,000 buy at 74.3p...just needs a little push to look good chart-wise.

Looks like a profit-taking day today for some, though starting to bounce now.

As you say, REAT is cash-rich, on a low m/cap in a growing niche in an expanding sector given a boost by COVID. But I'm hopeful that sooner rather than later we'll see REAT's first earnings-enhancing acquisition from its £2m cash pile. This is management's declared ambition, and once the market sees REAT consolidating its highly fragmented sector its rating is likely to gather steam imho.