Member Info for rivaldo

Liberum have today raised their price target to 340p....

"LIBERUM RAISES WINCANTON PRICE TARGET TO 340 (320) PENCE - 'BUY'"

And a brief comment from Shore Capital amidst good coverage here:

Https://www.sharesmagazine.co.uk/news/shares/wincanton-shares-rise-on-new-contract-wins

"Analyst Greg Lawless at Shore Capital observed: ‘Given the retail backdrop we can see more retailers outsourcing elements of their distribution and e-commerce operations to the benefit of specialist providers’"

Bad news from CEY this morning, with a big reduction in production at Sukari for Q4 and likely into 2021 from one area of the mine.

Likely to have a material impact on usage for CAPD, though all the contract wins we've seen recently and the bullish outlook in general will hopefully offset this to an extent.

Https://www.investegate.co.uk/centamin-plc--cey-/rns/sukari-operational-update/202010020700039319A/

Promising RNS this morning from MWE's client Nokia showing the extent of 5G sales now happening:

Https://www.investegate.co.uk/nokia-corporation--0haf-/gnw/nokia-reaches-100-5g-deals-and-160-commercial-5g-engagements/20201002080000H0273/

" Nokia reaches 100 5G deals and 160 commercial 5G engagements

New wins validate company’s progress in strengthening mobile radio product portfolio as transition to 5G continues

2 October 2020

Espoo, Finland – Nokia today announced that it has signed 17 new 5G commercial deals in Q3. With these wins, the company now has 100 commercial 5G deals with individual customers and a total of 160 commercial 5G engagements, including paid trials.

Nokia is present in all 5G early adopter markets, with deals with the top four US CSPs and the top three in both Japan and Korea. Just this week, Nokia signed a new 5G deal with BT in the UK and a renewed 5G deal with Elisa in Finland.

Nokia’s 5G portfolio is also gaining traction amongst enterprises. Enterprise customers now make up 12% of Nokia’s 5G deals, with recent private wireless deployments including Deutsche Bahn, Toyota Production Engineering and Sandvik. Nokia also boasts a 180-strong portfolio of private wireless customers, many of whom are expected to migrate to 5G.

etc"

Terrific stuff:
- continuing to trade "materially ahead of market expectations"
- £60m net cash pile

And the City will imo love the fact that the pension situation has now been resolved - and particularly that the annual cash contributions are £6m per annum lower than previously proposed due to positive investment returns and longevity experience. Plus the deficit itself has reduced considerably.

Hopefully this means up, up and away from here....

Continuing to trade in line with continually increased expectations.

Importantly, the core business is now recovering strongly, so the company will benefit from the double whammy of both this and PrimeStore, with October expected to be a record month.

Nice line about flu and COVID samples being able to be transported in the same kit.

And that "PrimeStore MTM is the only commercially available CE-marked and FDA cleared transport media".....

Https://uk.advfn.com/stock-market/london/ekf-diagnostics-EKF/share-news/EKF-Diagnostics-Holdings-PLC-Trading-update/83382280

Techinvest in their recent issue three weeks ago said Buy, and that was at 90.75p:

"CentralNic
90.75p (CNIC:AIM)

In a brief update, CentralNic reported that it has been trading comfortably in line with market expectations for the six months ended June 30. Revenues for the period is expected to be in excess of US$110m and adjusted EBITDA in excess of US$15m. This compares to US$49.7m and US$9.2m respectively in the same period last year. Cash increased to US$27.6m from US$24.1m three months earlier, whilst net debt debt decreased to US$76.4m from US$76.8m over the same period.

CentralNic has recorded more revenue in the first half of 2020 than in the full financial year 2019. This has been achieved through a combination of earnings accretive acquisitions and steady underlying growth across its businesses. With ample potential for further acquisition-led growth in a sector where opportunities for consolidation abound, we feel that the medium-term outlook for the company remains strong. Continue to buy."

I suspect the usual year end trading statement due today was superceded by the "materially ahead of current market expectations" trading statement issued on 4th September.

RNWH would of course have had to issue this as soon as they were certain they would significantly beat expectations.

Tomorrow's update is the official half year trading update, rather than just one which was necessary immediately because WIN realised they were trading materially ahead of expectations:

https://www.wincanton.co.uk/investors/financial-calendar/

And Jab1tt, I think you need to take another look at the relative P/E ratios of WIN and Clipper which you quoted!!

New summary of CAPD on Proactive Canada dated 22nd September, including this from Berenberg:

Https://www.proactiveinvestors.com/companies/news/222878/capital-limited-hugely-geared-to-rising-gold-price-222878.html

"What the broker says

Capital is “on the cusp of a meaningful equity re-rating”, analysts at Berenberg wrote in September, with growth potential from its core drilling business and the fledgeling mining services operation.

The German bank issued a note exploring three scenarios: growth in utilisation rates for the drilling business, the winning of two US$40mln-per-year mining contracts; and a ‘dare to dream’ scenario combining both of these scenarios.

A mixture of a high gold price and improving capital markets are “pointing to a repeat of previous cycle highs” for Capital’s drilling business, in which case this could see utilisation rates increase from around 60% closer to 75% with limited capital investment.

If so, this would results in Berenberg’s revenue forecasts for 2021-22 increasing 24%, underlying profit (EBITDA) by 36% and free cash flow by 61%.

The broker has a ‘buy’ rating and 93p price target."

Good news:

https://www.investegate.co.uk/imimobile-plc--imo-/rns/inclusion-in-the-uk-government-g-cloud-initiative/202010011100017968A/

" Inclusion in the UK government G-Cloud initiative

IMImobile PLC (AIM: IMO), a global cloud communications software and solutions provider, is pleased to announce it has been named as a supplier on the Crown Commercial Service's (CCS) G-Cloud 12 framework.

CCS supports the public sector to achieve maximum commercial value when procuring common goods and services. In 2019/20, CCS helped the public sector to achieve commercial benefits worth over £1bn, supporting world-class public services that offer best value for taxpayers.

The CCS digital marketplace provides UK public sector organizations with a fast and compliant way to procure cloud-based technology that avoids lengthy tender processes. As public sector organizations face unprecedented challenges, the ability to quickly roll out technology solutions at scale is critical.

From 28th September, organizations can now access IMImobile's full suite of products from the G-Cloud 12 framework. IMImobile already works with many public sector organizations across the UK including NHS trusts, local councils and housing associations.

Jay Patel, Chief Executive at IMImobile, commented:

"We are pleased to have been approved by the G-Cloud framework which enables public sector organizations to easily find and purchase our core platform and applications. Given the current circumstances, digital transformation initiatives within the public sector are more important than ever and the ability to procure innovative solutions quickly, with the confidence that suppliers have met stringent government security standards, is absolutely crucial."

IMImobile's products listed on the Digital Marketplace can be accessed via this link: https://www.digitalmarketplace.service.gov.uk/g-cloud/search?q=imimobile&lot=cloud-software

prior to tomorrow's trading statement, which should be rather good judging by prior statements.

overnight by Mark Watson-Mitchell:

Https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-dekel-agri-vision-stm-and-braemar-shipping/?mc_cid=dc570bbd6f&mc_eid=db9f9bbaf2

"Sureserve Group (LON:SUR) – Trading update due shortly?

After having eased back to 48p over the last few weeks, the shares of this compliance and energy services company have been creeping gently better again.

Now at 52.5p they are only a few pence below their recent 57p high.

My view is that they will continue to edge even higher ahead of the early October trading update referring to the September year-end.

Undoubtedly, we will have some more positive news from boss Bob Holt and that can do no harm to the share price, which I see going up through the 60p level fairly soon."

last night by Mark Watson-Mitchell:

Https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-dekel-agri-vision-stm-and-braemar-shipping/?mc_cid=dc570bbd6f&mc_eid=db9f9bbaf2

"Dekel Agri-Vison (LON:DKL) – Ready to harvest a higher price?

Wow, did you see the dealing volumes over the last few days, several times the 315,000 daily average figure? Over 1.3m yesterday.

Yesterday’s interim results statement goes some way to underline the reasons for such investor interest in the little palm oil and cashew plantation group.

Revenues for the six months to end-June were up 5.5% to €15.4m, with EBITDA some 36% better at €1.9m, and the company recording a net profit after tax of €0.4m against a minus €0.1m previously.

Generally, the first half is the strongest which is why brokers Arden are estimating a full year €1.9m loss adjusted pre-tax.

But next year they estimate that the pre-tax adjusted loss will be down to just €0.7m – however, by then it will be showing an adjusted operating profit of €0.5m, which is very positive indeed for the group, as it is still in a very early stage of its growth.

Arden have put out a 7.6p per share objective, which is more than twice my own aim. So much more upside to go for with the shares closing at 2.75p up 10% on yesterday’s interim news."

There are news reports this morning about a number of buyout funds cating their eyes over Clipper - this from the Times today:

"The stock closed up 1.6 per cent at 487½p yesterday, valuing the business at almost £500 million. It has rallied 79 per cent this year thanks to the boom in online shopping during lockdown while it also won a government contract to distribute PPE."

All this is surely bound to increase market interest in WIN.

Hi oogleflugal. I've met MWE's CEO, and that reinforced my positive view of the company. They've been listed on AIM for a number of years now, with a continuing record of high and generally rising profitability, dividends and good behaviour. They come across, like the CEO, as prudent and honourable, with relatively low salaries and almost no options - the directors have a large shareholding so are as incentivised as any shareholders.

As you say, the backlash against Huawei is happening globally. They are not an MWE customer - but Nokia are, and Nokia will be benefiting greatly from Huawei's withdrawal from Western markets, as proven by the news below.

https://www.casino.org/news/gan-poised-to-benefit-from-gaming-technology-demand

""Beynon, the Macquarie analyst, says earnings before interest, taxes, depreciation and amortization (EBITDA) margins for US sportsbook operators can eventually get to 20 percent to 30 percent. But those figures will be higher for technology providers, such as GAN.

He has an “outperform” rating on GAN with a $28 price target, implying upside of 75 percent from current levels."

Good to see the share price consolidating nicely at these levels.

This news item from yesterday shows CAR in a good light, and there's info on the new drug delivery device contract:

Https://www.medicalplasticsnews.com/news/onwards-and-upwards/

Extract:

"As part of a major project to develop and scale-up manufacture of a drug delivery device in partnership with a global medical device company, CTP has invested significantly in advanced process monitoring equipment, as well as personnel training and development, aimed at improving injection moulding process control and reducing costs of Quality Assurance (QA) and waste.

CTP has constructed a new production cell, with 14 FANUC all-electric injection moulding machines, each equipped with six-axis robots, bespoke end-of-arm tooling (EOAT) and RJG’s e-Dart process monitoring software, allied to in-mould pressure transducers.

etc"

They conclude:

"Valuation

The current market capitalisation of £9.05mln (US$11.6mln) compares with the current net cash position of US$8.8mln. This implies that the market is valuing the existing business and the opportunity set at US$2.8mln. We believe that based on current products plus the Rotary Steerable system, and with further expansion in overseas markets, the company could produce revenues in excess of US$20mln by 2024. We argue that the current share price does not reflect this."

Also worth noting:

"Given the comfortable balance sheet position, the company is maintaining its willingness to make focussed investments in new product development.The biggest project is the Rotary Steerable Drilling system that is under development. This project, together with other new product lines, will give Enteq an addressable market of US$2bn per year, compared with US$100mln for the current core technology offerings. The AGM statement indicates that a prototype deployment is scheduled for 2021, and we continue to expect that first revenues from this system will be realised during FY March 2022."

Https://www.mining-journal.com/gold-and-silver-news/news/1396124/newmont-agnico-team-up-in-colombia

- Agnico VP says ""The Anzá project is well located within the Mid-Cauca belt in Colombia which hosts several world class gold deposits"
- interesting that Newmont have recently bowed out of other investments in Colombia, yet are so keen to progress this one

Telefonica in Spain have picked Nokia and Ericsson to roll out their 5G infrastructure, thus avoiding Huawei:

https://www.capacitymedia.com/articles/3826295/telef-nica-picks-ericsson-and-nokia-not-huawei-for-5g

This is particularly relevant to MWE due to the following.....

Https://www.proactiveinvestors.co.uk/companies/news/430652/mti-wireless-edge-lonmwe---post-merger-all-on-track-430652.html

"In the antennas business, in particular, we are encouraged by recent news on the 5G wireless space. Nokia and Telefonica have rolled out new 5G tests in Berlin, which we understand will include MTI antennas."