Member Info for rivaldo

Good to see the price rising nicely on healthy volumes, with almost 1.2m shares already traded today.

With 2p EPS forecast for the year starting next month, I don't see any reason why the share price shouldn't be anywhere from 25p-30p within a relatively short period of time.

Looking good.

OFWAT have today given the "green light to massive investment programme to transform water sector":

Https://www.investegate.co.uk/water-services-auth/rns/ofwat-announces-final-determinations-for-pr19/201912160700089056W/

This includes in particular an additional "£1 billion to protect communities at risk of flooding". Plus more for moving water around to areas which suffer shortages, requiring new pipeline installations. Etc etc.

All good for RNWH's Seymour Civil Engineering in particular.

Great to see buying at 508p towards Friday's close.

Lots of news in the press about Tory plans for huge spending on infrastructure in the North, including billions on flood defences, rail, bridges, tunnels etc.

RNWH will be rubbing their hands together in anticipation.

Premier Investissement SAS have bought another 2m or so shares since their late September disclosure. They now own 8.2%, or 15.35m shares:

Https://www.investegate.co.uk/xlmedia-plc/rns/holding-s--in-company/201912131445038775W/

about RNWH. Here's the important snippets from today's Telegraph feature:

"To explain Renew’s strengths it is hard to improve on the words of its chairman, David Forbes, in the results announcement: “The group’s focus remains on those markets where non-discretionary spending programmes exist to maintain critical infrastructure. These markets have excellent long-term prospects with growth driven by regulatory requirements.”

The company added that its decision to target “complex, challenging and highly regulated environments” such as rail, water and energy led to “high barriers to entry” for potential competitors.

It highlighted the ?long-term nature of spending plans in those sectors. On the railways, for example, Network Rail’s “CP5” and “CP6” programmes stretch to 2024, while the water industry’s “AMP6” and “AMP7” schemes run to 2025 and power distribution’s “RIIO ED1” and “ED2” schedules are expected to extend to 2028.
Coming back to the present, every number in Renew’s recent results seemed to go in the right direction."

"Earnings per share gained 13.8pc to 40.4p and the full-year dividend of 11.5p compared with 10p last time."

"Debt fell sharply, from £21.4m in 2018 to £10.2m. The group said one of its aims was “to build a net cash balance to enable us to quickly respond to acquisition opportunities that are consistent with our strategy and which are earnings enhancing”.

Several brokers are positive about the stock. Shore Capital, which rates it a buy, said: “Key to our investment case is our expectation that investment in transport infrastructure will continue to increase in the long term as the Government seeks to achieve its net zero carbon emissions target by 2050.

“Renew is also very well placed, in our view, to benefit from growth in other regulated markets including water infrastructure, nuclear decommissioning, renewable energy and land remediation.”

Shore said it regarded the shares’ valuation, as indicated by a price-to-earnings ratio of 9.7 when it published its research note, as a “fundamental” undervaluation of the business, possibly because of its perceived similarity to “contractors that have a much higher risk profile”."

A sudden fall - probably just a forced/desperate seller. And a big opportunity for bargain hunters imho.

Less than two months ago two non-execs bought £100,000 of shares between them at 60p. It's unlikely anything's changed much since then, especially given the very bullish Q3 trading update.

Octopus Investments continue to buy - they went over 5% in November and now they're over 6%, with 4.55m shares:

Https://www.investegate.co.uk/imimobile-plc--imo-/rns/holding-s--in-company/201912131152008247W/

Excellent New Jersey numbers in the RNS this morning.

And Michigan is looking good for internet gaming and sports betting as soon as March:

Https://www.governing.com/news/headlines/Michigan-Places-Bet-with-Legalized-Online-Gambling.html

"Michigan Places Bet with Legalized Online Gambling

Four types of gambling, including online sporting bets, could be operating in Michigan by March if Gov. Gretchen Whitmer, as expected, signs a package of bills sent to her Wednesday by the Legislature.

Paul Egan, Detroit Free Press | December 13, 2019

(TNS) — Four types of online gambling, including sports betting, could be operating legally in Michigan by March if Gov. Gretchen Whitmer, as expected, signs a package of bills sent to her Wednesday by the Legislature.

The Senate passed the bills by overwhelming and bipartisan votes early Wednesday afternoon. The House had already passed the bills, but had to concur with changes the Senate made to some of them before sending them on to the governor. That happened with all but one of the bills, which is expected to be sent to the governor early next year, and only deals with a penalty issue, not legalization itself.

How soon Internet gaming and sports betting would actually begin in Michigan would depend on a number of factors, including how long it takes to produce rules related to the legislation, how long licensing takes, and how soon licensed operators have technology in place, officials said.

"My hope is that by March Madness, it will be live," said state Sen. Curtis Hertel, D-East Lansing, referencing the NCAA basketball tournament.

etc"

Buying coming in at 480p now.

Almost at the 2017 all-time highs. Yet still only on a current year P/E of 11, with earnings-enhancing acquisitions likely, record order books and secure income streams in a number of growing sectors.

after a very nice £84,000 buy at 463p reported late yesterday.

If there were any fears of a Labour victory in the price due to rail nationalisation etc, those have now been well and truly removed. And the current valuation is still very low at barely into a double figure P/E.

KAPE are presenting at a free investor evening at Finncap on 21st January:

Https://www.progressive-research.com/events/

Probably the first such presentation since the PIA acquisition, so it should be a good one.

Assuming the forecasts for next year jump to around 9.4p EPS, then 10.4p EPS for the year after, as indicated by the analysts, then we should be easily able to justify a 100p share price here.

If CNIC continue to deliver, and cash flows/debt repayments are good as predicted, then perhaps a lot more than that might be in store.

The P/E is ridiculously low at 64p given the figures above, and after the election result the markets can now look forward with confidence.

With 10c EPS forecast for the year about to start, the P/E is low, asset backing is high, cash flows are great, the company is shifting into higher growth areas, and the investments are paying off, especially with the gold price stable at a reasonably high level.

And after the election result the markets can now look forward with confidence.

I topped up with some more this morning.

INSE remain on a single-figure P/E for 2019, let alone even less given the 2p EPS forecast for the year starting in only a month's time.

With any doubts about energy sector nationalisation now removed after the election result, I'm hopeful for a sharp rise to 25p or so.

Great to see the bid price up to 439p and buying at 444.7p now.

Looks like good news in two of the three outstanding legal cases, with the final upcoming one already provided for and GMAA still anticipating "a net cash inflow as an overall result":

Https://www.investegate.co.uk/gama-aviation-plc--gmaa-/rns/litigation-update/201912110700084814W/

Excellent - Panmure Gordon have initiated coverage, with a Buy and a 615p target:

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

Let's hope last night's options grants to various employees and directors - exercisable at 32p - are indicators that the Board believe it's upwards and onwards from here:

Https://www.investegate.co.uk/hml-holdings-plc--hmlh-/rns/grant-of-options---pdmr-dealing/201912101702324231W/

https://www.legalsportsreport.com/36378/michigan-sports-betting-deal/

"Legislation to legalize sports betting, internet gambling, online poker and daily fantasy sports will pass the Michigan state legislature by Wednesday, according to state Sen. Curtis Hertel Jr.

After weeks leading negotiations between industry stakeholders and the administration, Hertel tells Legal Sports Report that an agreement has been reached that will get the signature of Gov. Gretchen Whitmer."

https://www.casino.org/news/michigan-lawmakers-reach-breakthrough-with-gov-whitmer-on-online-gaming-sports-betting-vomichigan-lawmakers-hit-breakthrough-with-gov-on-online-gamingte-expected-tuesday/

" Philip Conneller - December 09, 2019
Michigan Lawmakers Reach Breakthrough with Gov. Whitmer on Online Gaming, Sports Betting, Vote Expected Tuesday

Michigan’s push for legal online gaming and sports betting received a shot in the arm over the weekend with the news that the state’s Democratic governor, Gretchen Whitmer, and its pro-gambling-expansion lawmakers are close to ironing out their differences."

"The bill now goes to the Senate Regulatory Reform Committee Tuesday, where it is hoped it will be approved for a vote later that day on the Senate floor.

If passed and then signed by the governor, Michigan will become the fifth state in the US to legalize online gaming and the 20th to adopt sports betting since the US Supreme Court shot down PASPA, the federal law that prohibited it."