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"Flooding is affecting numerous rail routes today (21 Jan) as heavy rain continues to batter the railway network."

Terrible for those on the receiving end, but likely a nice bonus workload for RNWH in terms of both rail repairs and flood defence work:

Https://www.railtechnologymagazine.com/articles/railway-engineers-battle-against-storm-christoph

SBI presented last night and per this poster elsewhere it was pretty impressive. It seems to have brought in some decent buying interest today. I missed it so will have to see if I can find it online to listen back to it:

"Jay gave a robust presentation tonight at the AJ BELL webinar. He seems optimistic for the future and hinted that there will be positive announcements soon!"

seems to have brought in some decent buying interest. I missed it so will have to see if I can find it online to listen back to it.

FYI I came across this summary of CAPD on Reddit from last week from a holder which seemed to trigger a bit of interest judging from the comments:

Https://www.reddit.com/r/UKInvesting/comments/kxvxkm/seriously_undervalued_capd/

Worth noting that as well as the Directors' participation in the placing, plus Unicorn and Canaccord following their money with further substantial funds, Richard Sneller as a private individual is investing over £2m more in this placing. Quite a vote of confidence from him.

25m shares traded already today! Should have cleared out any sellers nicely......

Buying coming in now at 566p-567p, and sells achieving a premium over the bid - looking encouraging.

The AGM will be 27th January, so only a week to go:
Https://www.investegate.co.uk/renew-holdings-plc--rnwh-/rns/annual-report---accounts-and-notice-of-agm/202101041137324523K/

I look forward to the statement being nicely bullish given that trading had "started well" for this year per the prelims.

Forseti, SDI are on a much cheaper multiple than JDG, and have been for some time. They are also much smaller in m/cap terms, so the opportunity for outperformance is that much greater. It's much easier to grow from £100m to £200m than it is from £500m to £1 billion.

Good news today from Chell Instruments, who are sounding very bullish:

Https://www.chell.co.uk/news/2021/chell-instruments-welcome-2021-after-2020-exceeds-expectations-

Extracts:

"20.01.21

Chell Instruments Welcome 2021 After 2020 Exceeds Expectations"

"Despite an unpredictable 2020, gas measurement and control experts Chell Instruments still achieved their key goals for the year and are now planning for a successful 2021.

Though the global pandemic caused disruption, the manufacturer has continued to support a growing number of customers and provide precision instrumentation around the world."

"The world-renowned gas measurement and control experts have maintained momentum throughout the year, achieving the targets set for the business. In addition, they have launched a number of new products including an Environmental Flow Test Chamber and a mini pressure scanner with EtherCAT connectivity.

“Even with the challenges, demand looks set to continue to grow in many sectors in 2021. For example, despite the current restrictions on air travel, we’re really excited that our instrumentation is being used in a number of projects working on the electrification of aircraft propulsion” states Nick."

"The firm’s 2021 plans include continual development of their ultra-compact range of ‘Nano’ pressure measuring devices and a special project to deliver a self-contained mobile testing unit for a leading aircraft engine manufacturer."

Nice spot by zico01 elsewhere - the CEO is featured extensively in the Daily Express advising on how to combat COVID-19.

Excellent PR for REAT:

Https://www.express.co.uk/life-style/property/1384736/coronavirus-cleaning-tips-how-to-clean-every-room-in-your-home-coronavirus-free-evg

"Coronavirus has been making its way through the UK population at an alarmingly rapid pace for almost a year, but it doesn’t seem to be getting any weaker. With a spike in cases and deaths and new strains spreading through the nation, we should all be toughening up our cleaning regimes. Express.co.uk chatted to Shaun Doak, CEO of REACT, a national specialist cleaning company, who have been working throughout lockdown to ensure adequate decontamination of NHS hospitals, workplaces, trains, public spaces and more, to find out how to clean every room in your home.

etc"

Buying at 65p and 66p coming in now :o))

Stock is evidently still very scarce - someone bought just 250 shares at 1450p, and that was enough to push the price up 50p this morning....

Positive overnight update from Investors' Champion - the current multiple is indeed "modest" to say the least:

"Kape: strong update and interesting value

Digital security and privacy software specialist Kape (LON: KAPE), confirmed that revenue for its financial year ending 31 December 2020 is expected to be c.$122.2m, up 85% and at the upper end of management's forecasted range, with the all-important recurring revenue representing c.89% of the total.

Adjusted EBITDA is expected to be ahead of management's expectations at approximately $39.0m, up a whopping 168%.

Demand for digital privacy and security accelerated during the year, partly as a result of remote working, and Kape now supports c. 2.5m paying subscribers across its core markets of North America and Europe – there is a lot to like about a business with this sort of structure and the planned increase in R&D and marketing spend looks a positive move to us.

In response to the update the house broker increased earnings forecasts for 2020 by 5% to 15.4 cents/ 11.3p and by 3% for the year after to 15.2 cents / 11.1p. This suggests a seemingly modest 2021 earnings multiple of 18.6x for a business generating 28% margins operating in a highly supportive market."

HSBC have raised their price target to 365p...hallelujah!

It should surely be closer to 450p-500p....

Https://www.streetinsider.com/Analyst+Comments/Wincanton+Plc.+%28WIN%3ALN%29+PT+Raised+to+GBp3.65+at+HSBC/17838946.html

Good to see from APH's trading update this morning that Kelo-Cote continues to perform very well:

"Whilst top line revenue growth has been constrained overall, our Consumer Healthcare business has performed well given the market backdrop and we have seen some strong performances from a number of our brands, in particular Kelo-cote."

"Kelo-cote(TM) revenues were up 12% to GBP34.7m (2019: GBP31.0m)"

Bingo - "the Board expects profitability for the current year to be materially ahead of market expectations".....

Digital and e-fulfilment is roaring ahead, and every one of WIN's four core divisions is growing. Plus of course, "Further significant new business in Digital and eFulfilment for both Waitrose and Dobbies, will commence before year-end.".

WIN needs to be at 500p or so from memory to have a similar rating to Clipper et al. Loads of upside here imho.

I'm extremely happy about this news. The funding was always going to be necessary, and 50p is a good price considering this would have been mooted before the recent spike:
https://www.investegate.co.uk/surface-transforms--sce-/rns/proposed-placing--subscription-and-open-offer/202101191735292267M/

There are some terrific quotes in the RNS, and the breadth of opportunity in this section just shows the potential:

"based on their dealings with the OEMs and their understanding of the OEMs' production plans, the Directors are of the opinion that there has been continued progress with OEM 1, OEM 3 (also covering OEM 4), OEM 6 and three new potential OEM customers are progressing well with numerous new vehicle launches being targeted for 2024. Indeed, the prospective contract pipeline has the potential to exceed the entire production capacity of Knowsley by 2025. Accordingly, the Board are confident that production capacity of a new OEM Production Cell Two will be required in due course, regardless of new contracts being awarded by either or both OEM 8 or OEM 9 to the Company".

Then there's this which shows the potential size of the OEM 8 and OEM 9 contracts:

"Should contracts be awarded from both OEM 8 and OEM 9, a new OEM Production Cell Two would become fully utilised in H2-23."

And new EV contracts:

“....either or both of two potentially significant opportunities with the "carry over" of parts onto new models with OEM 8 and a possible new customer, OEM 9, award supply contracts to the Company. OEM 9 is a new entrant to the EV market.....”

"‘This funding will enable the Company to move to the next stage of its development - the building of OEM Production Cell Two will provide revenue capacity of £35 million at Knowsley from 2022, and enabling us to fulfil contracts we are confident of being awarded in the near future’

Up 5% now, and buying coming in at the new full 91p offer price.

Looks like stock is scarce - three small-ish buys totalling 775 shares have pushed the price up 50p, and the last buyer paid the full 1450p offer price.

...and 8k just reported bought at 80p - a full 5p above the 75p published offer price.

Arden have today increased their price target to 8.2p (from 7.6p), saying:

"We consider that this new funding facility strengthens the company’s financial position, as the company seeks to build out its platform as a successful West African multi-project, multi-commodity agricultural company."

And they suggest more to come:

"The Palm Oil Price Continues to Be Buoyant

The chart below shows the CPO price (CIF Rotterdam, in US$/MT)for the 2-year period between 8 Jan 2019 and 8 Jan2021. As at 8 Jan 2021, the palm oil price was US$1,090/MT (€902). The international CPO palm oil price typically takes 4-6 week to filter down to the Coted’Ivoiremarket. Dekel Agri-Vision is now experiencing its high volume season(January-June).

We have a conservative average CPO price of €600/MT for 2021E and €625/MT 2022E. While we are not currently adjusting our CPO price forecasts –as it is so early in the year –if the CPO price remains as robust as it has been recently, over the next 2-3 months, we certainly see scope for an upward revision to our CPO FY price forecasts".

Hereandnow, your wish is Arden's command! But as I say, there should be more to come assuming CPO prices remain at reasonable levels....

Nice buys at 74.92p and 74p this morning.