Member Info for rivaldo

The gold price is up at $1,576 now, and is likely to remain at high levels for some time given the coronavirus and other global events. Which has to be even better for CAPD and its prospects.

Nice eight month remediation contract awarded to VHE:

Https://www.vhe.co.uk/blog/2020-01-27-vhe-awarded-homes-england-former-electrolux-site-merrington-lane-infrastructure-works

"VHE awarded Homes England Former Electrolux Site, Merrington Lane Infrastructure Works

27 January 2020

VHE have commenced work on the regeneration of the former Electrolux Site, Spennymoor site near Durham for Homes England.

The works include site remediation and preparation of development platforms, highways re-construction, diversion and provision of site utilities and associated infrastructure.

Infrastructure works are being undertaken by sister company Seymour Civil Engineering and are integrated into the VHE regeneration package. These include the construction of a new spine road, SW and FW drainage for the proposed spine road, 278 works at an access junction, culvert diversion and combined sewer diversion.

The VHE North East team commenced works on site January 2020 with the project programmed to take 33 weeks to complete."

Rising nicely today in response to the managerial share buying.

More detail on the Jefferies upgrade:

Https://www.proactiveinvestors.co.uk/companies/news/911550/keywords-studios-receives-jefferies-boost-911550.html

"Keywords Studios receives Jefferies boost

The US broker lifted its price target for the stock, which it continues to rate 'buy'

Jefferies nudged up its price target for Keywords Studios PLC (LON:KWS), while repeating its ‘buy’ recommendation, saying the next trading statement should confirm double digit growth an “margin improvement”.

The US broker reckons the stock is worth 1,881p, up from 1,853p and 35% ahead of the current price of 1,391p.

“The market will wait to see acquisition spend inflect, but we're confident [Keywords’] opportunity-set and attractiveness has grown,” analyst Ken Rumph said in a note.

The company, valued at more than £900mln, supplies a range of technical services to computer games developers and publishers.

Some of the services it provides include art services, software engineering, audio services, functionality quality assurance (QA), localisation (enabling games to be published in several languages), localisation QA, and player support.

Among its clients are Sega, Nintendo, Google, Microsoft and Warner Bros.

Established in 1998 it now has studios in more than 42 locations in 20 countries across four continents.

Keywords employs a buy-and-build strategy and has been expanding rapidly since its first acquisition in 2014."

Pushing up again today to new recent highs following the news of Mark Slater's buying.

Good news. Hopefully the discussions referred to below in the RNS will result in contract news soon (which would also explain the Nouryon agreement termination):

"Itaconix® TSI™ 322 offers major advances in cost, performance, and sustainability that will progress and broaden our discussions with potential customers in both Europe and North America."

The year end update is usually out by the 30th January, so that's Thursday at the latest.

Forecasts remain at historic 1.8p EPS and 2p EPS for this year, with 0.7p and 0.8p dividends respectively.

Hi semiret. Indeed - with 4.9p EPS forecast this year you'd expect a 60p-65p target to be more appropriate at this stage. And with net debt reducing fast hopefully further acquisitions will be on the cards to further enhance earnings.

Very encouraging to see per this RNS just out that a non-director - the Health & Safety, Environment and Quality manager - has spent £30,000 of their after-tax earnings on SCE shares at 26.7p per share:

Https://www.investegate.co.uk/surface-transforms--sce-/rns/director-pdmr-shareholding/202001271400050369B/

Great to see Mark Slater buying more AFHP - Slater Investments are now up to 12.2% with 5.2m shares:

Https://www.investegate.co.uk/afh-fin-group-plc--afhp-/rns/holding-s--in-company/202001271230190289B/

So they've bought another 645,000 shares in the last couple of months.

Jefferies have today raised their target price to 1881p and say Buy:

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

Cenkos have retained their forecasts of 0.64p EPS and the current £9.6m net cash rising to £10.7m by the end of this year, and summarise as follows:

"A year of significant growth

A positive trading update from TP Group confirms that the group traded in line with market forecasts for FY19E, with significant year-on-year growth in revenue and Adj EBITDA, and an order book at an all-time high.

The acquisition of Sapienza has provided the group with significantly enhanced space capabilities, as well as an expanded geographic presence. Trading on an ex-cash FY20E Adj P/E of c10.5x, we see considerable value in the shares. Buy."

Arden Partners have this morning heavily increased their target price to 208p (from 136p).

Their forecasts have also been raised (unsurprisingly since they were so out of step). They've increased to 13.9c EPS this year, which is still well behind all the other forecasts, but is at least a decent step in the right direction :o))

Excellent news - nicely in line with Cenkos' forecast of 0.58p EPS.

With almost £10m net cash against the £62m m/cap, and 0.64p EPS forecast this year, the ex-cash P/E remains at only around 10 or slightly less.

And there's a new £1.7m contract win too - plus the confidence in the outlook:

""I believe 2020 will be an exciting year for the Group, with our strongest ever opening order book, proven capabilities in our core business and with exciting initiatives in areas such as artificial intelligence and clean energy solutions - two key growth opportunities for the Company."

Good to see RTC getting decent coverage on Sharecast:

Https://www.sharecast.com/news/aim-bulletin/rtc-group-issues-positive-fy-trading-update--7258922.html

Master Investor feature SUR as follows in their latest round-up - it seems Shore Capital are now going for 4.9p EPS this year, so SUR really do still look pretty cheap:

Https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-sureserve-inland-homes-medica-and-more/?utm_source=Daily+Bulletin&utm_campaign=ce4bb56cd8-Daily_Bulletin_20200124&utm_medium=email&utm_term=0_25eff0bb7f-ce4bb56cd8-34898813

"Sureserve Group (LON:SUR) – very quick price rise on good results

An 11.1% rise in revenue to £212m for the year to end-September 2019 helped to boost adjusted pre-tax profits by 25.7% to £8.3m, with earnings leaping 31.2% to 4.2p per share.

Those were impressive results and I understand that the current year has started strongly.

Brokers Shore Capital estimate that revenue will increase by £12.6m this year, with profits up nearly 15% to £9.5m, jacking earnings up nearly 17% to 4.9p per share.

The shares have had a very good quick run, peaking at 47p last Tuesday, and close the week at around the 44.5p level, just over 9 times current year earnings.

Looking really quite cheap but allow for some profit-taking."

which essentially concludes that investors new and old should still be buying:

Https://www.thisismoney.co.uk/money/investing/article-7929579/MIDAS-SHARE-TIPS-UPDATE-student-digs-tip-Watkin-Jones-really-grade.html

Conclusion:

"Midas verdict: Watkin Jones was recommended by Midas at £1.09 in 2016, just a few weeks after it floated. Today, the shares are £2.48. Sales, profits and dividends are growing steadily and the stock yields just over 3.5 per cent. The stock has had a great ride over the past four years but it should continue to deliver for both existing and new investors."

Big buying this morning, with 650,000 shares bought at 45p in five transactions. And moving up now - perhaps a seller has been cleared.

And here's a new interview with the Executive Chairman, Bob_Holt, discussing the turnaround being delivered at Sureserve:
Https://tinyurl.com/v5eoyq9
He's very positive, and notes that they should be debt-free this year and have great potential in a number of areas.

Canaccord are continuing to buy - they now have 12.35% with 3.8m shares, so have bought another 340,000 shares between the 10th and 22nd January:

Https://www.investegate.co.uk/ramsdens-holdings--rfx-/rns/holding-s--in-company/202001241226088942A/

Continuing to move up here. It only needs a little press or tip attention and we'd surely see at least another 20%+ move up given the very cheap fundamentals and high recurring income from Ganymede, plus the scarcity of available shares.

Hopefully the rise will continue all the way to the results on 24th February, when we'll likely get new forecasts for 2021 which the market can look forward to.