Member Info for rivaldo

A new tweet today - REAT's fly-tipping service is "in demand", as some areas have seen fly-tipping cases - including discarded masks - triple:

Https://twitter.com/react_sc/status/1256181591933681665

"UK councils predict a wave of waste, as incidents of fly tipping have more than tripled in some areas, with discarded masks a particular concern for public safety. Our #FlyTippingClearance service is in demand #CleanerRoadsides #SpecialistCleaning #REAT http://ow.ly/Cx8550zphUW"

Up 7% already, and importantly 2.6m shares traded in 90 minutes. Microcaps like this won't be able to hold this much continual buying back for long.

Just announced this morning:

Https://www.businesswire.com/news/home/20200501005100/en/

"Blue Earth Diagnostics CEO Jonathan Allis Appointed Chair of UK Rapid Testing Consortium (UK-RTC) for COVID-19 by UK Department of Health and Social Care"

I like this quote:

"“Testing for the presence of the SARS-CoV-2 virus (antigen testing) and immune response after COVID-19 (antibody testing) is possible in large hospital and public and private labs now, but what we really need is a home test (somewhat similar to a home pregnancy test), which can be used to test the whole population. This would help us understand how much of the population has been exposed to the virus and help determine plans for people getting back to work.”

And:

"“This is a great story of how our manufacturers in the UK are stepping up to the challenge of COVID-19, and I am hopeful that this product will make an impact in our battle against this terrible disease," said Lord Bethell, Health Minister for Innovation and Testing. “This is a big step in the right direction. People want to know if they’ve had the disease, with a test they can trust.”

"GAN recently issued market guidance of $100M in sales in three years with EBITDA margins of 30%+. Their sales in 2019 were ~$30M and EBITDA was ~$8.4M. Today investors can buy GAN prior to listing on the Nasdaq at <10x our estimate of FY22E EBITDA. This seems very cheap given their strong growth, scalable model, and the valuation of other US internet gambling focused peers. While bears have focused on heavy FanDuel concentration, our analysis of the industry suggests that investors are inappropriately lumping sports and internet casino concentration into one risk factor. The reality is more nuanced. The experience of sports betting operators in Europe over the last decade suggests that the outsourced internet casino business will be much stickier and is harder to replicate than the outsourced player-account management function. While FanDuel may migrate portions of their outsourced business in-house over time, GAN is likely to remain an important partner for FanDuel in many states, particularly on the internet casino portion of their business. Moreover, a meaningful percentage of the market consists of subscale brick & mortar gambling operators that do not have the resources to build in-house back-end technology and will need to rely on a reputable turn-key provider like GAN."

From the Alta Fox newsletter:
Https://www.altafoxcapital.com/research

GAN LN (“GAN”):

One of our investments in our online gambling theme was GAN, which provides an end to end iGaming solution for brick & mortar and online gambling operators (i.e. designing the interface,player-account management, regulatory reporting, payment processing, integrating casino games and betting lines) and earns a high single digit take rate on every dollar won by their operators. GAN grew revenue 114% in 2019 yet traded at a high single digit FY20E EBITDA multiple when we entered our position. We then increased our position significantly when the stock sold off sharply amidst the cancellation of sports and broader COVID-19 induced panic selling. While sports betting is roughly 10% of GAN’s revenues and its cancellation would be a headwind, the market was reacting as if all of GAN’s revenues were at risk. In reality, the cancellation of sports accelerated a channel shift to online casino gambling, which GAN earns a higher take rate on and is the majority of its SaaS revenue.

GAN is moving from the London AIM exchange to the Nasdaq on May 5th and picking up analyst coverage from three new banks (B. Riley, Craig-Hallum, Macquarie). Following May 5th, GAN will become one of the only US listed pureplay stocks that allows investors to capitalize on the growth of online gambling in the US. As of today, only four US states have legalized online sports betting (NJ, PA, IN, WV) for private competition, and only two US states have legalized online casino gambling (NJ, PA) for private competition. Both sports betting and online casino offerings have been very successful in each state launched to date, and over time, GAN’s total addressable market will dramatically expand as more states approve online gambling to reap the benefits of increased tax revenue. COVID-19 may serve as a catalyst for more states to accelerate both the legalization and launch of online gambling offerings."

A bid would be great - let's hope at the least that Rozzi Business Inc continue to increase from the now almost 8%, or 5m shares, of GMAA which they've bought in the last six weeks (presumably taking up Downing's sales):

Https://www.investegate.co.uk/gama-aviation-plc--gmaa-/rns/holding-s--in-company/202004301638455533L/

There's going to be a big report on the BBC lunchtime news in a minute about thermal cameras and their potential across the country...

Absolutely crazy markdown this morning - down 4.5p on £7k of trades! Looks like MM tricks.

CAPD remains terrific value imo:

- gold price very high at $1714
- no impact from COVID-19
- single figure P/E
- even better value EV/EBITDA
- large cash balance
- excellent asset backing in cash pile, modern rig fleet and equity investments, including PDI which has six-bagged in the last few weeks
- customer base of solid producers rather than more volatile explorers
- diversification into mining services
- analyst target of 100p

Here's the transcript:
https://www.*************.net/ceo-qa-with-centralnic-group-company-expected-to-double-in-size-again-in-2020-loncnic/

The figures quoted in the interview for Q1 aren't in the RNS'd trading update, but ARE excellent....

- Q1 revenues of $66m are 32% of the forecast $203.9m for the year
- Q1 EBITDA of over $8m is at least 25.4% of the forecast $31.5m for the year

"Q2: Moving to Q1 2020 update, CentralNic Group traded in line with market expectations, what type of growth has the company experienced over the quarter?

A2: It’s roughly 100% growth so in the first quarter, we did $66 million in revenues and if you compared that to the $109 million, we did in the full year last year, you can see that we’re already more than halfway to hitting that number again. Similarly, our EBITDA number was a little over $8 million and considering we did $18 million full year last year, you can see that we are absolutely on that trajectory of continuing to double in growth."

And importantly re COVID-19 having had no impact on CNIC:

"We monitor this very closely and I’m happy to say that not only was not the case in Q1 but each week subsequent to then"

Nice:

Https://www.edie.net/news/10/Businesses-provide-NHS-workers-with-renewably-powered-smartphone-recharges/

"27 April 2020

More than 11% of the NHS's estate was set to be switched to 100% renewable electricity this spring, under new energy deals signed by its Property Services arm.

NHS Property Services (NHSPS) is responsible for more than 3,500 buildings, including hospitals, health centres and GP surgeries. These properties collectively total more than 34 million square feet.

Under new contracts signed through Inspired Energy, all of these properties will be switched to 100% renewable electricity in April. The contract will also see a shift to lower-carbon natural gas for heating. NHSPS claims the switch will reduce its annual direct (Scope 1) and power-related (Scope 2) carbon emissions by more than 40,000 tonnes."

Firstly:
"New Contract Win!
Sure are delighted to announce that we have been successful with our tender to provide gas servicing and EICRS for
@ongoUK
. We have secured a 3 year contract with Ongo and strengthens our current partnership. Well done everyone!"

Secondly:
https://www.marketscreener.com/SURESERVE-GROUP-PLC-21296484/news/Sureserve-University-of-Sheffield-contract-award-30409455/
"The University of Sheffield – Translational Energy Research Centre - Contract Award
14 Apr 2020

Following a competitive tender process, Everwarm is delighted to secure a project with The University of Sheffield for the installation of a Battery Electrical Energy Storage System (BEESS)."

And finally, Peel Hunt reiterate their Buy and 50p target:

Https://investing.thisismoney.co.uk/broker-views/

Peel Hunt retain their Buy and 575p target today

Https://investing.thisismoney.co.uk/broker-views/

This article from Monday about Gervais Williams notes that KAPE are the largest holding in his Miton Microcap fund at 6.5% of the total:

Https://citywire.co.uk/investment-trust-insider/news/deglobalisation-could-give-mini-second-chance-if-investors-don-t-sell-first/a1350280

Good to see Panmure's commentary below and 90p target:

hTTps://www.sharesmagazine.co.uk/news/shares/venture-life-leaps-on-largest-ever-contract-win

"Also reiterating its bullish stance is Panmure Gordon, which insists today’s news ‘adds further to the company’s commercial momentum. We will be looking to the potential beneficial impact on our estimates in due course and, in the meantime consider our existing 90p target price signifies substantial value upside against the current share price.’"

It's worth reiterating that Cenkos have "conservatively" retained their forecast of 9.9c EPS this year.

That's 8p EPS, which even at these highs is still a P/E of only 11.9.

They conclude:

"Attractive valuation: We believe that as CentralNic increase in size and builds a track record of earnings outperformance and successful acquisition integration, its multiples will rise to approach its peers. Shares trade at only 9x EV/ 2020 EBITDA, a sharp discount to peers, GoDaddy and Tucows, which trade at 18x and 13x EV/ 2020 EBITDA, respectively."

Here's a link to the rather impressive NASDAQ roadshow presentation:

Https://www.retailroadshow.com/presentation/#/pres?presid=661358

RNWH have just been tipped as a Buy in Forbes magazine:

Https://www.forbes.com/sites/roystonwild/2020/04/28/2-top-stocks-i-think-you-should-buy-in-may/#30cac6e87119

"Renew Holdings

Renew Holdings is another UK share that looks cheap according to current growth forecasts. It trades on a forward price-to-earnings (P/E) ratio for the current financial year ending September 2020. It’s a reading that fails to recognise its exceptional defensive qualities, however, a particularly-appealing quality in these uncertain times.

This other AIM business hasn’t been totally immune to the Covid-19 crisis. However, its role as a supplier of essential engineering services for critical UK infrastructure means that its outlook in the short-term and beyond remains robust. In its main Rail and Highways divisions it remains mostly operational, whilst its Water and Telecommunications operations also remain up and running due to these sectors’ designations as critical areas.

Renew Holdings is a share that’s poised to gain from huge spending on domestic infrastructure in the next decade, too. City analysts are expecting earnings here to dip 1% in fiscal 2020, though the outlook for the medium term onwards is much brighter. I’d buy it today, in fact, on the likelihood of a robust trading update on Tuesday, May 19 which could help its share price extend recent gains."

Looking very strong.

Kestrel are very keen - they continue to buy and have bought another 2.7m shares. They now own 32.9m shares, or 17.44%:

Https://www.investegate.co.uk/centralnic-group-plc--cnic-/rns/holding-s--in-company/202004281302011893L/

A poster elsewhere has spoken to INSE and came away with this relatively encouraging summary, noting that current business is largely unaffected:

"Current business is largely unaffected according to the person I spoke to. Long term contracts giving INSE income based on the savings achieved. Not much new business as the market has other priorities.

I expect guidance will include a medium term downturn as buildings are not being used with some bullish statement that cost saving measures will drive revenue for 2021."