Member Info for rivaldo

Good to see Seymour Civil working with local colleges to train skilled labour for the "digital telecoms sector".

I would suggest that this provides an ideal pathway for Seymour Civil to gain work from the likes of City Fibre as below in upgrading the UK's digital infrastructure:

Https://www.thenorthernecho.co.uk/business/18928392.teesside-skills-academy-starts-telecoms-training-programme/

"One of the major employers for these future roles is City Fibre, which has a three-year recruitment and training programme to provide up to 10,000 people with jobs upgrading the UK’s digital infrastructure to full fibre, and plans to replace Middlesbrough’s copper networks with gigabit-capable full fibre optic connectivity.

The newly formed partnership aims to train over 100 learners in the next six months with the emphasis on providing career opportunities for Tees Valley residents."

Interesting new note out from Hybridan following the £823k ANPR contract win, including this extract:

"To put this in context, when Petards acquired QRO in 2016, it was turning over £1.8m. This contract builds on an exceptional first half for QRO,whichhas been growing its Traffic Technology product portfolio through both technology acquisitions and in-house development. Revenues from systems and support services were up by 34% and its profit contribution to the Group was up threefold on the same period in 2019. These increased revenues came from both systems supply and from service and support activities, primarily in support of UK Police Forces.

In H12020, QRO expanded its facilities at its Northamptonshire site to support this and future growth. In the National Police Chief’s CouncilAutomatic Number Plate Recognition (ANPR) Strategy 2020 –2024, one of the strategic aims in respect of intelligence developmentis to ensur eANPR is embedded as a core intelligence product throughout law enforcement.

This was reflected in a statement by Northamptonshire Chief Constable Nick Adderly commenting on the project to more than double the size of the force’s ANPR network. Beyond main arterial routes, cameras will be fitted in less obvious locations effectively creating a ‘ring of steel’ around the county.

QRO is well placed to win business from other UK police forces and has in place framework agreements with the Cheshire force and a joint one with Thames Valley and Hampshire. Other forces across the UK have also placed orders with QRO under these agreements. There are also attractive opportunities in the private sector for ANPR. The deal earlier this year to bringthe NASBox solutionin house, gives Petards an edge across all sectors and the potential for margin enhancement. NASBox creates a fully compliant and cost effective roadside ANPR system when interfaced with commercial off-the-shelf cameras."

"Today’s contract announcement significantly adds to next year’s order book for the Group. The order book was last reported in October at £12.3m,with £6.9m scheduled for delivery in 2021, more than the current market cap of the Company. The diversity of the Group’s business combined with an increased focus on cost controls, leaves the business well leveraged to increase profitability from their current levels."

Good to see the initiation note out now, with a 200p target - an initiation target is usually reasonably conservative, allowing for upgrades later:

LIBERUM INITIATES SOURCEBIO WITH 'BUY' - TARGET 200 PENCE

For the record, here's Finncap's latest research summary FYI:

"Comfortably ahead

In a positive 10-month update Belvoir has detailed trading is ahead of its pre-COVID expectations. Gross profit is up +10% in the Property divisionand +11% in Financial Services. Overheads are now significantly below the original budget and management has decided to reimburse staff for salary sacrifices earlier in the year and repay the Government in full for COVID furlough monies and grants.

Taking all this into account, we have upgraded our FY 2020E EPS by +4%. A further catch-up dividend of 1.3p will be paid alongside the final 2020 dividend and we forecast net debt of £4.5m at December 2020.

The resilience of Belvoir’s franchise model has been proved and, in our view, highlights the long-term growth potential when markets return to more normal conditions.

?Property

Gross Profit up 10%. Management services fee income from lettings was up on 2019 and flat from sales with the impact of the lockdown being mitigated by the acquisition of the Lovell estate agency franchise network and the strong recovery in the sales market in H2.

?Financial Services

Gross Profit up 11% and going from strength to strength.The adviser network is up +18% since the start of the year and the pipeline of written mortgages is at a record level. A significant proportion is expected to convert into income in 2020.

?Costs tightly controlled. Overheads are now significantly below the original budget

?Cash flow remains strong. Supported by 62% of gross profit arising from the recurring lettings business net debt has reduced to £4.3m from £6.9m at December including a £2m acquisition cost and £0.5m VAT deferral benefit.

?Dividend catchup. A further catch-up dividend of 1.3p has been announced to be paid alongside the final which we forecast at 3.8p.

?2020 upgraded, caution on 2021 for now.

We have upgraded FY 2020E EPS by 4% and left 2021E onwards unchanged, reflecting the macro uncertainty in the UK generally and the housing market.

?Undervalued on both cash flow and earnings.

With the small/mid cap market valued at a 5.6% FCF yield and 22.5 P/E for minimal EPS growth, Belvoir’s metrics of 12.3% FCF yield and 9.4 x2020 P/E for 7% 2yr forecast EPS CAGR arevery attractive.

Our 233p target represents a 2021E FCF yield of 6.4%."

WIN was at 190p less than 3 months ago when I bought in. I'd say over 30% growth in less than 3 months is pretty satisfactory :o))

CLG's share price is completely irrelevant. The share price depends on the number of shares in issue and the value placed on each share - CLG could be at 1p or 1000p and it wouldn't matter - what matters are the fundamentals like P/E etc.

CLG's P/E is far higher than WIN's. WIN has a lot of potential upside - CLG is a good company, but already has that upside built in.

Encouraging to see an NED transferring into his ISA enough SDI shares to almost cover his entire annual contribution:

Https://www.investegate.co.uk/sdi-group-plc--sdi-/rns/director-dealing/202012101020372250I/

Nice rise - stock available on any dips being eagerly bought up.

Great news this morning. Dobbies are a very large business - they had annualised turnover of £325m in 2019, so this is a big deal:

Https://uk.advfn.com/stock-market/london/wincanton-WIN/share-news/Wincanton-PLC-New-multi-channel-contract-win-with/83869176

"Wincanton awarded new multi-channel contract by Dobbies

Wincanton, the largest British third-party logistics company, has been awarded an initial three-year contract with Dobbies, the UK's leading garden centre retailer, to provide eFulfilment, store replenishment and final mile home delivery services.

The Dobbies contract win reflects Wincanton's reputation for high quality services for multi-channel retailers, particularly in the home and gardens market. The agreement is also the latest evidence of Wincanton's expanding role in the eCommerce marketplace, which is an important part of the Group's focus on strategic growth markets.

etc"

Great to see this morning's news of lots of director buying.

Given REAT's microcap size (and thus illiquidity), to see 1.9m shares bought by directors in a single day is decent going. I suspect the CEO is not yet a wealthy man, so see his £2k as a starter for ten, but the NEDs' purchases are quite sizeable.

Even more convincingly, Michael Joyce has gifted 1.8m shares to his wife, and transferred 1.2m of his existing shares into an ISA. These moves are indicative that he believes the share price will be rising nicely from around these 1.3p levels:

Https://uk.advfn.com/stock-market/london/react-REAT/share-news/React-Group-PLC-Directors-Shareholdings/83869277

November's update is out - and it's great reading in all respects. Production is hugely up, prices are rising fast, the cashew facility remains on time, and the upcoming high season looks as if prices will be well ahead of those used in Arden's forecasts:

Https://uk.advfn.com/stock-market/london/dekel-agri-vision-DKL/share-news/Dekel-Agri-Vision-PLC-November-Palm-Oil-Production/83869183

"Dekel Agri-Vision Plc Executive Director Lincoln Moore said: "For the second consecutive month, we are reporting double-digit increases in CPO production, sales and prices compared to the equivalent period last year. Following material year on year improvements in the first half, we are increasingly confident that, with just one month to go, FY 2020 numbers will show a material improvement compared to FY2019 and at least hit market forecasts.

"With the global palm oil pricing environment currently highly supportive, we are looking forward to the start of the high season in Cote d'Ivoire, which typically runs from late January to May. Together with the commencement of high margin cashew processing operations at Tiebissou in Q2 2021, we expect the year ahead will result in a step-up in Dekel's financial performance and profile and I look forward to providing further updates on our progress."

Looks like the message is finally getting through to the market.

Very glad to see the CFO in particular getting some options.

The more interesting part is that the options only vest if the share price is above from 2p at minimum to 2.8p enabling full exercise.

I imagine 2.8p, with 130% share price growth from here, should be reasonably easily achievable in the vesting period if their plans come to fruition:

Https://uk.advfn.com/stock-market/london/react-REAT/share-news/React-Group-PLC-Grant-of-Options/83858966

This time for £823k for ANPR camera infrastructure which will nicely benefit the upcoming H1'21:

Https://uk.advfn.com/stock-market/london/petards-PEG/share-news/Petards-Group-PLC-Contract-win/83858883

These are terrific results - that's 2.47p EPS in H1 alone. So simplistically doubling up for the year gives around 5p EPS, with further upside from this month's earnings-enhancing acquisition of Monmouth Scientific.

Which leaves the current share price looks pretty good value:

https://uk.advfn.com/stock-market/london/sdi-SDI/share-news/SDI-Group-PLC-Interim-Results/83858874

Excellent cash generation, with net debt down to almost nothing prior to the acquisition, and SDI confirm they hope to make at least one more acquisition next year.

I note the Astek COVID-19 ventilator contract will continue to benefit H2, which will then additionally benefit from Atik's core business returning. Great to see Synoptics doing well too.

Can't ask for more, especially in such a pandemic-affected period.

I came across this from last week - it seems that VLE's Naughty Vegan and Indulgence have now combined forces for vegan cheesecake and desserts....

I liked Graham Neary's comment beneath the picture re looking forward to being valued similarly to Beyond Meat at a price/sales ratio of 20 times :o))

Https://twitter.com/ExpectingValue/status/1334557608477421577

"#VLE // Volvere

Well, here is the start of the Shire Foods / Indulgence Patisserie synergy... curious to see if they manage to get a Morrisons listing for this, too - which would be a real sign of the strength of the combined business

(PS: the whole range is really excellent)"

Https://www.facebook.com/n8ughtyvegan/photos/a.1487921171379775/1561672057338019/

Hi jk400, I'm just quoting from the Arden report, which is obviously quoting the last price before their deadline.

I hadn't realised that prices had jumped so much after the Indonesia news, so that's even better!

As well as today's increase in the stake in the cashew nut project, good to see further confirmation that the build-out remains on course for first production in only 6 months' time - and there's a nice estimate of the transformational nature of the project:

"Based on today's prices, the Board estimates the project has the potential to generate revenues in the region of EUR35-40 million per annum at a 30,000tpa processing capacity."

Arden have retained their 8.1p target price/valuation in this morning's research note.

Importantly, they also state that their forecasts are based on an average palm oil price of €600/MT for the whole of 2021. The current price is US$925/MT (€763/MT).

That's almost 30% above Arden's forecast price - and since local prices lag international prices by 6-8 weeks, we can be pretty sure that at least Jan-Feb of the upcoming high season will achieve extremely good prices, much higher than are in the forecasts.

Very simple explanation - traders who bought in the run-up to what was known to be good results, have taken their profits.

RNWH will now embark on a big round of presentations around the City (via Zoom I suppose!).

Bargain time here imho.

Terrific results given the pandemic - the £39.6m operating profit is at the top end of the expected range, and is well ahead of the (recently increased post trading statement) consensus forecast £38.8m.

The 41.2p adjusted EPS is also nicely ahead of consensus forecast 39.9p EPS.

Most importantly, the order book looks terrific at £692m, hugely up from the prior year £581m (which excluded Carnell). Great to see RNWH with net cash now too (though with deferred VAT to pay).

Lots of highlights, but some include:

- "Trading in the new financial year has started well"
- RNWH are now an important wireless/5G play:

"Delivering all aspects of wireless telecoms infrastructure, including 4G and 5G deployment, maintenance and decommissioning services, we have long-term relationships with all the main UK network operators, equipment vendors and managed service providers. In the period, we have seen a significant increase in work across all our frameworks as the 5G roll-out programme accelerates. We were awarded positions on both Telefonica's and MBNL's new three year 5G services frameworks as well as a contract to deliver Telefonica's microwave services for the next two years."

- water, nuclear, rail, highways....these are all areas with huge government-backed infrastructure spending laid out for the next 5 years under CP6, AMP7 etc

With all sectors now recovering, Carnell fully consolidated for the year and Sellafield coming back in H2, we could perhaps see 48p-50p EPS this year.

Overall prospects are terrific - and the narrative suggests continued likelihood of further acquisitions soon.

Octopus have been one of the core long-term institutional investors here, so it's a real vote of confidence from them at this stage prior to the prelims being issued.