Member Info for rivaldo

https://martinflitton1.wixsite.com/privatepunter/post/following-the-winners

Good to see 28,000 shares just bought at 105.51p - well above the 105p published offer price. Which normally means there's a lack of stock and/or a determined buyer around.

Indeed. I was a little confused that most of today's trades had been at the 62p bid price or thereabouts - turns out I can currently buy decent amounts online at exactly 62p. Bargain!

Which means there's STILL a sizeable determined/hard to credit seller out there. And also that the few who've paid 63p this morning were unlucky. And that CAPD's brokers are really not doing their jobs whilst this stock is drip-fed out.

When this rises - and it will imho - it will surely REALLY go. There must by now be a lot of people out there waiting to spot the turn.

And buyers are paying almost the full 105p offer price now.

Great news. An unnamed client - could be Wynn Resorts.....

https://www.businesswire.com/news/home/20210114005377/en/GAN-Announces-First-Sportsbook-Engine-Customer

"GAN Announces First Sportsbook Engine Customer

Existing customer signs first Letter of Intent for full sports betting engine deal subject to regulatory approvals and operator client licensure
January 14, 2021 08:00 AM Eastern Standard Time

IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading full-service internet gaming software-as-a-service provider to the real money Internet gaming and online sports betting industries, today announced that it has signed its first Letter of Intent (“LOI”) with an existing client to provide its new ‘Coolbet’ sportsbook engine, which is currently being technically integrated for U.S. deployment by GAN, for operational rollout in the Commonwealth of Virginia as an internet-only mobile-first sports betting experience, subject to regulatory approvals and operator client licensure. The LOI is non-binding and contingent on the client being awarded an Internet sports betting license in the Commonwealth of Virginia, as well as other factors.

Jeff Berman, Chief Commercial Officer of GAN, commented:

“Since we announced our acquisition of Coolbet in November, we have seen significant interest from both current and prospective clients in our newly acquired sportsbook engine and associated managed trading services. Principle integration of this new offering into our industry-leading B2B technology platform is now underway and expected to be operationally deployed here in the U.S. with the expected launch of online sports wagering in the Commonwealth of Virginia. We are excited to further expand our relationship with this current partner, which has applied for an Internet sports betting license in the Commonwealth of Virginia, citing GAN as their nominated platform provider. This agreement further validates our strategic decision to expand our platform capabilities through the acquisition of Coolbet. We look forward to the exciting opportunities we expect to see in 2021 as we bring our augmented platform solution into the U.S. market that now includes one of the best sports betting technologies and end user customer experience operating in the world today.”

Excellent article about the recent IPOs of both CLX and FNX (I hold both!). Some very nice quotes, and great to see everyone in the company motivated by share ownership and a new SIPPS scheme:

Https://www.lsegissuerservices.com/spark/three-ipo-stories

"We had made three small acquisitions in the past decade and we wanted to acquire bigger target companies"

"We’ll only make acquisitions if they enhance our portfolio or give us access to a new set of customers. Acquisitions are a bit like fishing; you have to be prepared if one bites. And now, when such an opportunity arises, a target company will know the value of our paper and that we have the ability to access capital to do the deal."

(and CLX's too, which I also hold!). Some very nice quotes as below:

Https://www.lsegissuerservices.com/spark/three-ipo-stories

"We had rebuffed offers from trade buyers"
"We knew that we were going to have another really good year of growth so we decided to look at the IPO option"
"It did help that we didn’t have complex share or loan structures; this was a debt-free business where 94% was owned by seven people. We are a company that builds tech to service recurring and repeat revenue businesses. Investors liked that simplicity"
"We work with some very big players and by admitting to AIM, they have gained confidence to do even more business with us. They can see our shareholder register with investors such as Slater, JP Morgan, BlackRock and Axa"

Nice 500,000 share buy at 1.3225p just reported.

Nice....

FYI there's a transcript of the recent Zeus Capital analyst interview re SCE here for those who can't be bothered to listen to it!

Https://www.*************.net/surface-transforms-analyst-qa-potentially-a-major-market-opportunity-lonsce/

Extract:

"We think the markets, and we’ve written about this in previous research notes, are potentially measured in the billions so I think two points here, I think the near term, as evidenced by this statement today, we’re seeing good steady progress with operations and the pipeline, but looking further out, we think there is potentially a major market opportunity."

Tamesis Partners have today increased their target price significantly to 127p.

They conclude that CAPD are "bewilderingly undervalued".

They see a massive 15.7c EPS for next year, i.e 11.6p EPS when the new Centamin contract kicks in.

They have 12c EPS for last year, i.e 8.9p EPS, including $10m of investment gains from CAPD's equity portfolio. Without those gains they have 6.7c core EPS, i.e 5p EPS at $1.35.

For this year (2021) they have 10.2c core EPS on both metrics, i.e 7.6p EPS. That's a P/E of only 8.2.

Https://www.tamesispartners.com/research-portal#/portal/tamesis-partners/research/f2e7168c-a7ce-4949-b373-e25c6c30d8e4

"Leaving thecompany bewilderingly undervalued

Capital Ltd now has numerous sources of income ranging from their traditional drilling contracts through the burgeoning MSALabs business through to the new mining services operations. Theinvestment side of their business also recorded its best year ever in 2020. They are now spread across Africa having successfully entered West Africa c.2 yrs ago.

As per this morning’s announcement trading conditions are “extremely positive”. So we don’t understand why the market is according such low valuation metrics to the business. The shares are trading on EV/EBITDA of just 2.6x and 2.0x for 2021 and 2022 respectively –equivalent to a discount of 45% and 54% to its peer group (none of whom are delivering the same scale of growth) likewise PER multiples of 8.2x and 5.4x. In addition,we estimate the company should pay a dividend of 2.4cps in 2021 and 2022, equivalent to a yield of 2.9% (with clear upside to our 2022 forecast).

As a consequence of the above we are raising our 12-month Target Price to 127p.This target price is calculated by applying a 5x multiple to our 2022E EBITDA of US$66.2m, and we believe the market will start to price this in by June this year."

Great interview, cheers. 12p by the summer would be nice :o))

And then there's the potential from cashews, the third commodity, clean energy, RSPO certification (which as well as attracting green/ESG investors would benefit PKO sales to Europe and bring in higher pricing).....

The new issue of Techinvest is now out, so it should be OK to post here the update from the prior issue:

"CentralNic

CentralNic has reported further financial growth, organically and through acquisitions, for the nine months ended September 30. Revenue increased by 118% to US$168.5m, while gross profit was up 74% to US$53.3m. Adjusted EBITDA was 68% higher at US$22.1m and operating profit increased to US£1.9m. Cashflow from operations remained strong at US$13.5m with adjusted operating cash conversion of 93%. CentralNic made four acquisitions in the second half of fiscal 2019, and excluding their contribution revenue increased by 17% to US$169.9m, with adjusted EBITDA up 4% to US$22.2m.

Healthy demand was reported for the company’s two largest service lines, Wholesale domains and Monetisation, with the latter also driven by the rollout of a patented SSL monetisation solution. During the period CentralNic also completed a successful placing of 40 million shares at 75p per share for total net proceeds of approximately US$37.3m.

Post period-end the company has completed the acquisitions of Zeropark and Voluum for US$36.0m. Both businesses add complementary products and skills to the group. Zeropark is an Ad Exchange platform offering real-time-bidding solutions, connecting marketers with domain investors and publishers via its marketplace. Voluum is a SaaS online marketing management suite for small/medium businesses and brands, enabling online ad analytics, tracking and media buying.

Organic growth of 17% was a record for CentralNic and is further evidence that management is able to keep the core business moving forward while also successfully integrating a range of bolt-on acquisitions. New product launches and further integration activities should support and potentially improve revenue growth and margins in future periods, and there remains considerable scope to continue the company’s successful consolidation strategy in what is a largely fragmented and growing market.

Moreover, as the business scales up rapidly, CentralNic’s underlying qualities of high recurring revenues and excellent cash conversion become increasingly meaningful. Continue to buy."

The Q4 trading update looks good to me - another half dozen new drilling contract wins, plus the big new Barrick lab services contract.

The quarterly numbers are only just below the excellent Q3, with the run rate now suggesting annualised $140m+ revenues with all the new contracts set to add to that. Whilst the annual numbers are nicely in line and well up on 2019.

The transformative Centamin contract will be earnings accretive towards the end of this year, and with the gold price so high all those new contracts should be joined by more in the meantime.

More specific guidance will come with the prelims, but CAPD's outlook is summed up by:

"As we begin 2021, we are encouraged by the strong trading conditions, with a number of other tendering opportunities in progress".

Looking strong.

Not long to wait. A reminder of the "ahead of market expectations" year end trading update - and the £1.8m cash pile:

"REACT has continued to make strong progress in the period, achieving 42% organic growth in revenue to approximately £4.4m* (12 months ended 30 September 2019: £3.1m).

Growth in revenue was as the result of both strong underlying performance in the core business and demand driven by COVID-19 decontaminations. H ealthcare, rail, and facilities management sectors performed well, augmented by incremental business in other areas such as education and residential care homes.

The Board expects profit before tax for the year ended 30th September 2020 to be ahead of market expectations driven by both COVID-19 related decontaminations and a number of non-COVID-19 related projects.

The Company's financial position is robust and underlying cash generation remained strong during the year ended 30 September 2020. Net cash at 30th September 2020 was also ahead of market expectations at £1.8m*."

Dibs61, you've summarised nicely.

I would also add that TST are now only just beginning to see the fruits of a turnaround which has taken quite a while, instigated by new management under a CEO who has an excellent track record. I've met him and seen him present. He is imho extremely capable - and honest, as evidenced in prior results and update statements. No hype here - which is why, as I posted earlier, the more positive tone to his commentary today looking forward is very interesting.

Welcome Joeboy22. Ticking up - that buy at above the offer indicated that stock was scarce.

Good to see a 19k buy at 52p this morning, a full 1p above the 51p published offer price. Usually a good sign.

Very strong start today.

Buying coming in at 290p....