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Incredibly confident results presentation call - worth a listen:
Https://webcasting.buchanan.uk.com/broadcast/5f33fd15b14d872626436e41/5f3e3e8a01eb4165c1439e91

A few great snippets - the upside here in a bull market for gold is truly transformational:

- a new Load & Haulage contract is usually worth $40m-$50m per annum per contract
- CAPD are tendering on "multiple" such contracts
- the H1 57% utilisation rate could be 65% in H2 and 75% next year in a strong market
- there are 40 idle rigs. These could each earn $2m, i.e up to $80m more per annum
- on top of positive w/cap in H2, H2 is normally more cash-generative than H1
- the high H1 tax charge should reduce to 25%-30%
- I also noticed additional investments in Graphex Mining (GPX on the ASX), and Allied Gold to those in my thread header post - will have to investigate

The overall tone was extremely bullish, particularly re the recovery of exploration, the renewed scoping of gold resources previously uneconomic, the tendering opportunities etc.

Encouraging to see the full 38p offer price being paid by buyers at last.

Hi BurnleyMan, apologies - been away on hols for 10 days, so incommunicado! And INSE's been pretty quiet, so nowt to comment on. H1 results are on 3rd September, so not long to wait. Huge volumes yesterday are a healthy sign.

Here's some good news - the Diverse Income Trust, for whom Gervais Manager is a Fund Manager, have just released their Annual report.

They have a £3.6m investment in INSE, and they have this to say about INSE and its green credentials:

Https://stockhouse.com/news/press-releases/2020/08/18/the-diverse-income-trust-plc-annual-financial-report

"Although the Trust does have a policy of investing across most industry sectors, one of the factors that the Manager takes into account is the risk that some industry sectors may become so unpopular that gradually all other institutional investors will avoid them altogether. If this occurs, then there is a danger that the Trust will be unable to liquidate a holding. The Trust has already scaled back its holdings related to coal extraction companies for this reason.

Conversely, there are quite a few UK-quoted businesses working in sectors that have a positive impact on carbon emission targets. Inspired Energy, which monitors the power and water consumption of their customers, to help them reduce wastage is one example. Over recent years, Inspired Energy have extended their service so that they can provide auditable data on the annual carbon emissions of their clients. At present, the valuations of many of these kinds of companies are often no higher than others in the portfolio, because numerous smaller quoted companies are overlooked by other investors. In time however, we do expect the valuations of stocks that are making a positive impact on the climate change agenda to move to premium valuations. As this occurs, it is expected that it will enhance the returns of the Trust."

Another $20m contract likely in the bag over the next two years. Starting to motor now:

Https://www.investegate.co.uk/ra-intnl-group-plc--rai-/rns/appointment-as-preferred-contractor/202008200801366983W/

Nice summary of the trading update by Mark Watson-Mitchell - great to see the new 83p target from N+1 Singer:

"Sureserve Group (LON:SUR) – just issued a strong trading update

Well it looks as though Bob Holt has done it again. Under promised and over delivered.

This morning his Sureserve Group (LON:SUR) has delivered a positive update on its trading since the end of March.

It is a leading compliance and energy services group that performs critical functions in homes, public and commercial buildings, with a focus on clients in the UK public sector and regulated markets.

Because of the essential work it performs the group was able to continue to work all the way through the lockdown process and despite the hassles it has demonstrated its resilience, picking up new orders and paying off all of its borrowings by the end of July.

It retains a £25m revolving credit facility, together with its overdraft giving it an ability to fund its future growth plans.

The order book was boosted by 21 new contracts, adding £16m of annual contracts. Furthermore, it has strengthened its bidding team to seek even more such business.

“The group continues to show resilient growth in revenue, earnings and cash flows and looks forward to continuing its strong operational and financial performance during the rest of the financial year.”

A very strong sign of its confidence is given as the group has guided its brokers as to current year, next year and prospective earnings.

Estimates suggest that revenues to its September year end could be around £207.5m (£212.1m) with adjusted pre-tax profits coming in at £9.25m (£8.3m), jumping earnings up to 4.7p (4.2p) per share and easily covering a dividend of 0.8p (0.5p).

The year to end-September 2021 could see £224m of revenues and £10.35m of profits, worth 5.25p in earnings and 1p of dividend per share.

The way that Executive Chairman Bob Holt is shaping this £75m market capitalised group is confidence inspiring. Its strong balance sheet and financing ability should enable it to expand over the next few years.

Considering its consistent growth in earnings, I believe that this company’s shares should be trading on at least a 15 times p/e, which would see them up to 70p.

Brokers N+1 Singer have today put out a one-year price objective of 83p on the shares, which are up 9% at 46p in response to the update."

https://uk.advfn.com/stock-market/london/inspiration-healthcare-IHC/share-news/Inspiration-Healthcare-Group-PLC-Update-on-Ventila/83105733

Very good news all round:

- strong trading continues into H2
- the original NHS order deliveries will further benefit H2
- the second NHS order via the newly acquired SLE is a further bonus I was unaware of?
- further optimism as to the outlook and to acquisition integration

Excellent news this morning - I love the fact that shareholders get to participate directly in the best of new American med-tech via Moun Sinai and in-specie distributions of shares which get floated off as separate vehicles onto AIM etc.

I assume this is too small for NASDAQ at this stage? Which is a shame as the valuation would presumably be that much higher.

https://uk.advfn.com/stock-market/london/ekf-diagnostics-EKF/share-news/EKF-Diagnostics-Holdings-PLC-Strategic-investment/83105668

Wow - 10c EPS in H1 alone :o))

Of course, that includes the investment gains. But even without those gains, EBITDA jumped to $15.4m from $12.7m.

The icing on the cake would have been for net cash to climb even further, but working capital movements denied that - these will reverse in H2, so the year end cash position should be back to $8m-$10m or perhaps much more.

So many positives - non-drilling services are increasing fast, exploration activity is picking up etc.

Tamesis' Partners 100p target must be in sight of being reached soon imo, especially with the large seller gone.

Online continues to look great.

Unbelievably, I've just been offered to dummy sell 50,000 shares at the 73p offer price :o)) I think it's the first time that's ever happened to me.

Whereas the most I can buy is 100 shares at the same 73p.....

Zeus Capital have initiated coverage this morning - with a 40p per share valuation based on DCF and a 32 page note.....

The note is entitled "Release the brakes" :o))

Very positive indeed:

- results to 30/9 already forecast to be at least in line with expectations
- order book at seasonal high after new contract wins
- the group now has net cash after paying off all borrowings
- dividend payments likely to be resurrected
- confidence going forward

Loking pretty cheap now:

Https://www.investegate.co.uk/sureserve-group-plc--sur-/rns/trading-update--delivering-a-strong-performance/202008190700055055W/

RNS confirmation this morning that the H1 results will be tomorrow - also good to see that there'll be a live presentation at 9.00 am accessible to everyone:

Https://www.investegate.co.uk/capital-limited--capd-/rns/notice-of-results/202008190700065571W/

Wow - online the maximum I can now buy is just 100 shares at 72p. Whereas I can sell 40,000 shares at a premium.

Is this finally the end of the seller.....

Nice move up now. Good to see the spread down to only 3p - and the bid price is now at its highest of the day at 57p.

New interview with the CEO about how to keep the railways safe from COVID-19 - good to see him emphasising the need for not only the initial deep clean, but then regular cleaning afterwards:

https://www.railbusinessdaily.com/the-crucial-decontamination-steps-required-for-a-safe-return-to-railways/

Conclusion:

"Whilst the virus does degrade over time, it can remain stable for up to three hours in the air and up to 72 hours on hard surfaces such as plastic and glass. This means that the virus is transmissible on counter tops and common touch areas for up to three days.

So, whilst heavy deep cleaning does not have to take place every day, it is crucial that an initial deep clean of the workplace is completed, followed by an upkeep of hygiene requirements and frequent cleaning with strong and effective disinfectants. Rail operators must look to adopt these more rigorous cleaning methods to ensure the protection of both their staff and the public as the UK looks to return to more ‘normal’ lifestyles.”

Shaun Doak is CEO at REACT Specialist Cleaning, www.reactsc.co.uk"

Here's another upbeat interview with the CEO after the excellent H1 update - note that:

- H2 is always stronger than H1
- the CEO states that they "don't want to get ahead of themselves" in terms of making predictions, so are happy at this stage to say they're comfortable that expectatiobs will be met. Which sounds to me like a nice, prudent approach which may give rise to a pleasant surprise later in the year:

Https://www.***************************/centralnic-group-organic-growth-better-than-ever-interview/412850558

Also good to see Friday's RNS which cleared the path for the payment of dividends:

Https://www.investegate.co.uk/centralnic-group-plc--cnic-/rns/completion-of-capital-reduction/202008141723012442W/

RNS today : Helium have bought another 2m shares since their last notification on June 9th and now have 16.17%, or a hefty 80.62m shares:

Https://www.investegate.co.uk/react-group-plc/rns/holding-s--in-company/202008181101534654W/

Good to see them topping up on the open market.

Yestredays's meeting recording is now available and is perfect - congrats to InvestorMeet:

Https://www.investormeetcompany.com/investor/meeting/results-for-the-six-month-period-ended-30-june-2020

Highlights:

- already confident in meeting full year expectations due to order books and cost savings
- cost savings are sustainable going forward for H2 and next year, i.e heavily reduced sales and marketing, travel and exhibition costs, which normally comprise 13%-15% of revenues
- H2 normally shows higher profitability, and this year that will especially be the case given COVID-19
- MWE have $7.9m net cash plus a $5.5m property (net of mortgage), i.e $13.4m of tangible asset value against the £32m m/cap
- MWE have paid 5.5c of dividends in the last 3 years, i.e $4m of dividends

Antennas

- 5G is the biggest growth driver in Antennas, accelerated by COVID-19
- next year will see the big jump in 5G growth
- the LTE/TV White Space segment is also seeing faster growth due to COVID-19, with more broadband into homes and offices
- MWE are the "only company" who can provide both dual band and flat antennas
- MWE are engaged with 4 of the top 7 radio manufacturers in the world, with over 30% of market share
- but not with Huawei, so any loss of business by Huawei should benefit MWE

Machine to Machine Water Management

- China growth is coming this year for the water/irrigation division
- since April Chinese growth has recovered
- MWE have signed several new agreements in China in the last 2-3 months, including one for co-operation with a leading Chinese agricultural company, which has already resulted in product shipments
- expanding in Peru and Chile and Sout America in general

Distribution & Consulting

- revenues are now coming through from product wins 2-3 years ago
- Russian contract wins announced earlier this year will benefit next year onwards

MWE are looking for profitable, earnings-enhancing acquisitions in wireless.

They could also expand into wireless electricity management and into lighting in parks etc.

Nice update overnight from Master Investor:

Https://masterinvestor.co.uk/equities/small-cap-update-featuring-totally-and-sureserve/?mc_cid=5e5a490318&mc_eid=db9f9bbaf2

"Sureserve (LON:SUR) – Another Holt winner?

Bob Holt OBE, the mover behind the growth of the Mears Group, is chairman of both Totally and this compliance and energy services group.

Like Totally, it has had its ups and downs prior to Holt getting hold of the reins.

Its current year-end is the end of September and following on from the very positive interims announced at the end of May, it would be fair to assume that the trend is continuing.

Despite the Covid-19 hassles it was showing ongoing growth, helped on by the base of its business in the gas, water and electrical service sectors falling under the ‘key worker’ status.

Obviously dependent upon government and local authority spending, Sureserve must be enjoying a much stronger second half year, considering just how needy its customers are for its various services, whether they are in lockdown or not.

I have followed Bob for over two decades and his attention to detail and management style has never changed. He never over-eggs his business. In fact, he always under-promises and then looks to over-deliver in performance.

Way back in mid-January, pre-Covid-19 days, I profiled the company at 36p before its interim results. They touched 51.5p subsequently, before falling back to just 31p at the end of March, since when they have recovered to rest at around the current 43p level.

For the year to end-September I am looking for the group to hold its revenues fairly steady at £205m or thereabouts, while its pre-tax profits could see a major uplift from £5.3m to over £8m, worth 4p plus in earnings per share.

And that excellent performance would have been set against a tough Covid-19 trading background.

For the coming year some £225m of revenues and £10m pre-tax would see about 5.2p in earnings per share.

With its shares at 43p, that would put them out at around 10 times current-year and just over 8 times prospective earnings. That would be too low a rating for such sales and profits potential."

You can only buy a maximum 1k shares online, but you can sell 15,000 at a large premium at 55.75p.