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Overall today's news seems pretty insignificant given that the commercial relationship with Nouryon is still intact as regards personal care applications and that it appears to have barely any financial implications. Plus, as others have said, it also further enables ITX to sell direct, so with higher margins and increased bargaining room.

As usual the MMs have over-reacted initially - time to top up methinks?

for December, and they're excellent except for a monthly blip on Internet Sports Wagering Gross Revenues, down from November, which is fine as these things vary hugely from month to month and the overall trend is firmly upwards as internet gambling is embraced state-wide. and dependent on the timing of sporting events etc

Crazy MM markdown. It wouldn't surprise me to see the share price end up blue :o))

I particularly loved this sentence, which shows WJG's huge forward visibility:

"All student beds (2,609) & Build-to-Rent units (159) scheduled for delivery in FY20 have been forward sold"

Here's the report:
Https://www.equitydevelopment.co.uk/company/?company=Watkin+Jones&c=yUTO

But still on a P/E of less than 10 given 4.6p EPS forecast for 2020.

I topped up with a few more yesterday afternoon, and the price immediately ticked up. It looks like relatively small buying is enough to move the price upwards.

by Mark Watson-Mitchell, who's targeting prior peaks of 465p over time....here's a couple of extracts:

Https://masterinvestor.co.uk/equities/tremor-international-could-send-shockwaves-through-the-advertising-world/?utm_source=Daily+Bulletin&utm_campaign=dedca0b477-Daily_Bulletin_20200116&utm_medium=email&utm_term=0_25eff0bb7f-dedca0b477-34898813

"Tremor International could send shockwaves through the advertising world
By Mark Watson-Mitchell
16 January 2020

Rebekah Brooks is coming on board this global leader, which trades on a derisory earnings multiple, writes Mark Watson-Mitchell."

"The group offers its services to more than 450 major advertisers – such as Disney, OpenTable, Twitter, Amazon, Zynga and Expedia. It has more than 50,000 supply and publishing partners worldwide.

Earlier this month the group announced that it had agreed to acquire a company called Unruly for £14.5mfrom News Corp. And a big pointer is that News Corp is taking 8.5m new Tremor shares in exchange, giving it some 6.5% of the group’s shares, locked-in for at least 18 months.

Furthermore, Rebekah Brooks, News UK’s CEO, will go on to the Tremor board. Now that really is news!

Unruly is a leading global brand-safe video platform that leverages a combination of proprietary video marketplace technologies and data to deliver emotionally engaging content to consumers. It will fit in very well with the group’s RhythmOne division.

The group, after the Unruly deal, will have 132m shares in issue.

Prior to the deal the leading investors in the company’s equity included: Tosca Fund Management (23%), Schroder Investment (15.2%), Mithaq Capital (14.9%), River & Mercantile (7.3%), Ibex Investors (4.4%), Hargreaves Lansdown (4.2%), and Interactive Investor (4.0%).

The group’s brokers, finnCap, updated their numbers after the latest purchase. For the year to end-December 2019 they estimate that revenues will have increased nearly 18% to £325m, while pre-tax profits may have jumped 23% to £52.5m, giving earnings of 42.5p per share but no dividend.

For the current year the brokers are looking for an Unruly kick-in – taking revenues up a further 30% to £425m, with pre-tax profits up a healthy 32% to £69.3m, worth 45.5p in earnings, which allows for the Unruly dilution.

With the shares trading at around the 156p level, those broker estimates put them out on a ridiculously low 3.6 times historic earnings and just 3.4 times current year earnings.

These shares are going to go a great deal higher yet. And I would say that they are more than capable of hitting their 2017 previous peaks of 465p again.

Even so, I will cautiously only put out an end-2020 target price of 235p, which would be a sinfully low 5.5 times historic."

Here's some commentary from Peel Hunt from the news wires:

"Capital Drilling had more rigs turning in the fourth quarter and added two new contracts, suggesting there is strong momentum in the drilling business, Peel Hunt says. The brokerage notes that gold prices are giving miners good cash flows and it is a sign that exploration is returning, having been significantly constrained in recent years.

The new contracts that started last year show activity levels picked up through 2019, which should translate to further activity increase this year. "With a larger fleet and plenty of rigs in the West Africa hotspot, Capital Drilling is well positioned to benefit," it says. Peel Hunt has a buy rating on the stock with a target price of 85 pence."

Cluedo, today's move is just a few traders in before the trading statement getting out imo, nothing more.

It seems can sell at least 100,000 shares online, but you can buy just 150 shares (!) without a negotiated trade.....

Standard Life have been buying heavily - they now have 8.87m shares, or 10.01%, an increase of 1.7m shares from the 7.17m shares per their last holding RNS:

Https://www.investegate.co.uk/discoverie-group-plc--dscv-/rns/holding-s--in-company/202001161057270481A/

Interesting feature dated 7th Jan - a couple of extracts:

Https://inspiredenergy.co.uk/inspired-journey/

"Today, Inspired Energy plc serves more than 2,800 clients. With more than 500 dedicated team members, we have the scale and expertise to help businesses with every aspect of utilities management; from cost control and procurement through to innovative research and renewable generation projects. And our service isn’t just for large industrial and commercial organisations: during our acquisition trail, we have also gained expertise specific to the SME market.

In fact, we now have a utilities solution that stretches across the entire market, including specialist teams for education, healthcare, churches and the public sector; all backed by a unique, best-in-class software platform. It’s been quite a journey."

"Between 2014 and 2019, we’ve made a further thirteen business acquisitions. Each time, our aim has been to build a business our clients can depend on for every single aspect of their utilities management – one that can offer truly expert advice but is also flexible to their specific needs."

"The growth trend continues

Our mission to build a total utilities solution for our customers is ongoing. Last year, we secured a 40% stake in Ignite Energy, with a two-year option to acquire the remainder of the business. We believe that Ignite’s specialism in energy efficiency projects and optimisation services will bring significant benefits to our existing customers, particularly those pursuing ambitious carbon reduction goals.

Our energy marketplace is changing at pace and it’s important that Inspired Energy is properly equipped to help businesses navigate new risks and reap any potential rewards. From negotiating best-in-class electricity, gas and water supply contracts to complying with the latest carbon legislation and implementing new on-site energy generation projects, we intend to remain the go-to consultancy and to keep on growing our experienced and expert teams."

Good to see the Chairman capitalising in this interview with Directors' Talk as below on this week's research from Kings College that brake dust pollution is as harmful as diesel fumes, per this:
https://www.rac.co.uk/drive/news/motoring-news/brake-dust-as-harmful-as-diesel-fumes-warn-scientists/

Here's the SCE relevance:

https://www.*************.net/surface-transforms-carbon-ceramic-discs-much-safer-on-the-immune-system/

"Surface Transforms – Carbon Ceramic discs much safer on the immune system

Research published by a team at King’s College London, has led the team to believe that brake dust which releases metal particles from worn down brake pads may have harmful effects on the immune system. After tests performed in the lab dust created from grinding of pads can cause inflammation of the lungs and an inability of immune cells to kill bacteria.

Research leader Dr Ian Mudway at the MRC Centre for Environment and Health at King’s College London, said: “At this time the focus on diesel exhaust emissions is completely justified by the scientific literature, but we should not forget, or discount, the importance of other components, such as metals from mechanical abrasion, especially from brakes.

“There is no such thing as a zero-emission vehicle and as regulations to reduce exhaust emissions kick in, the contribution from these sources are likely to become more significant.”

Surface Transforms (LON: SCE) a leader in the design, manufacture and supply of carbon ceramic brake discs spoke with ************* about the research.

“The relevance to us is that carbon ceramic discs significantly reduce brake pad dust – the brake pad reacts differently between grey iron discs and carbon ceramic discs. In the former the disc basically grinds away the pad; in the latter the pad forms a deposit on the disc (binding to the silicon and silicon carbide) but not to the carbon. The effect is very little brake pad dust on carbon ceramic discs

We are increasingly seeing our customers take an interest in this feature of CC – which is of course in addition to the weight savings, no brake fade, longer life feature of CC”

David Bundred Chairman Surface Transforms PLC"

It's going to be a busy 3 months for RTC per the investor calendar below. Hopefully this will be the year of the re-rating, if RTC can live up to the confidence shown in the outlook in the interims:

"we remain confident of continuing our satisfactory performance in the second half of 2019"

27 January 2020 – Trading Update
24 February 2020 – Final Results
22 April 2020 - AGM Update

Continuing this lovely steady rise of 0.5p-1p almost every day now.

Results last year were on Jan 22nd, so should be very soon. Given the strong trading update we know they will be just fine.

Had a look at the web site, and I must admit I'd missed that SUR were able to retrofit sprinkler systems, as per this news from August:

Https://www.sureservegroup.co.uk/news-media/press-releases/new-sprinkler-system-cardiff-university

With the need for sprinkler systems increasing hugely post-Grenfell this should be highly profitable for SUR (as per my prior multi bagger with PTSG).

...and again today. Cheers iTradeShares, good to hear about the scarcity of available shares.

...and yet again. Passing the June'19 high now. Hopefully back through 400p soon.

Very solid year end trading statement. Revenues are bang in the middle of the guidance range, utilisation up, ARPOR expected to rise after a temporary small decline, $4.4m net cash - and above all a very, very promising outlook.

Tamesis Partners have this morning tweaked their target price to 100p (from 106p) due to the Bonikro deferral.

Q4 revenues were slightly behind expectations. They estimate $26.6m EBITDA for 2019, with $9.8m PAT.

Net cash of $4.4m was way ahead of $1.4m expectations.

They conclude:

"Our target price represents 5x forecast 2020E EBITDA of US$32.7 million. Capital Drilling continues to look undervalued, the company is currently trading on a 2020E 3.3x EV/EBITDA and 9.1x P/E."

Looks like short-termers have bailed out this morning, but I'm very happy to hold and likely top up given the prospects.

Almost £31,000's worth, so quite material in terms of VLE's usual trading.

,,and up yet again on just a £3.5k buy. Evidently not much stock around.

Once again, the P/E is ridiculously low at 61p assuming the meeting of these latest forecasts - and the divi yield is around 7.7%.......
last year : 9.9p EPS, 4.16p dividend
this year : 11.4p EPS, 4.57p dividend

Simon Thompson's Buy recommendation yesterday is now free to view, so here it is:

Https://www.investorschronicle.co.uk/comment/2020/01/14/building-shareholder-value/

"Building shareholder value

Watkin Jones (WJG:241.5p), a developer specialising in purpose-built student accommodation (PBSA) and build-to-rent (BtR) housing, has delivered a total return to shareholders of 162 per cent since I suggested buying at the IPO, and with good reason ('A profitable education', 3 Apr 2016).

I flagged up today’s record annual results when the share price was 214p in a detailed analysis (‘On solid foundations’, 11 Nov 2019), and raised my target price to 275p to reflect the group’s solid earnings visibility, and strong fundamentals supporting both end user and investor demand across all parts of its business. Bearing this in mind, chief executive Richard Simpson noted during our results call that [investor] sentiment has definitely lifted since the general election as institutional investors look to invest capital in a more benign political backdrop, adding weight to Knight Frank’s forecast that total investment in PBSA is set to rise from £51bn in 2019 to £65bn by 2025. It's good news for capital flows into BtR, too.

All 2,609 of the group’s PBSA beds under construction for the current financial year are forward sold, and a further 2,376 of the 3,253 beds for 2020/21 are either forward sold or in the hands of solicitors. Add to that a planned ramp up in BtR construction projects – the group has nine developments encompassing 2,312 apartments of which 1,102 units are already forward sold – and it’s easy to see why analysts at brokerage Peel Hunt expect current year adjusted earnings per share (EPS) to increase from 16.7p to 18.2p, rising to 21.1p in 2020/21. Analysts at Jefferies are even more bullish.

Moreover, with the group holding net cash of 30p a share, and the capital-light business model generating an eye-watering return on equity of 29.9 per cent, expect the progressive dividend (the board declared a 10 per cent hike in the payout per share to 8.35p) to increase to 9p a share this year and could be north of 10p a share in 2020/21. Buy."

And here's some Synbiosis news - it's worth watching the 2 minute video at the end to see the effect SDI's colony counter has on workloads:

Https://www.synbiosis.com/news/watch-the-testimonial-video-on-protocol-3-and-see-how-great-it-is/

"Watch the testimonial video on ProtoCOL 3 and see how great it is!
January 8th, 2020

ProtoCOL 3 is being used at a world renowned vaccine research facility for testing and designing new and existing vaccines against serious bacterial diseases. One of the ways scientists there test the efficacy of vaccines is to mix serum from vaccinated participants with bacteria in an SBA assay. They then check whether the antibody in the serum kill the bacteria by counting surviving colonies on a plate. Since using the ProtoCOL 3 they have found that having the computer take the image of their plate and automatically count the bacteria, they can do 10 times more work in a day.

Watch ProtoCOL 3 testimonial video"

Https://www.youtube.com/watch?v=aKnkJSJ3OOU