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Nice 100,000 share buy at 7.75p.

From Allenby Capital this morning - they retain their 38p target:

"MTI Wireless Edge Ltd* (MWE.L, 31.5p/£27.6m
Contract wins: Further military antenna orders (03.10.19)

Several orders secured in the antenna division that total just over $1m for the supply of military antennas to an existing Israeli customer for several naval projects over the next 12 months.
No change to forecasts or 38p/share fair value.

Allenby Capital comment: Continued good contract newsflow from the supplier of comprehensive communication and radio frequency solutions across multiple sectors. MTI has been waiting for these orders to mature for some time and, together with the order announced on 23 September, the order book has increased and management reports further interesting opportunities in the military antenna segment. On top of this, there is the growth opportunity around 5G backhaul. The growth in the order book underpins our FY20 forecasts. 38p/share fair value remains unchanged."

Liberum retain their Buy and 248p target:

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

Excellent news - note this is "the largest casino in Pennsylvania" now being launched online in New Jersey.

Today's RNS shows Janet Thornton is now completely out. Good to see her down to zero - more RNS's to come showing who bought the shares no doubt.

The analyst price target here is 25p. I think that's a fair and actually quite conservative target, but certainly 20p should be the minimum achievable in short order imho as a first stage.

A pleasing H1 update.

Nicely in line, and in addition a bonus £600,000 profit on sale of gold jewellery. Plus the Money Shop stores are performing well, RFX should benefit from the collapse of ABM, and there's confidence in the H2 outlook.

And there's a hint of more acquisitions too:

Https://uk.advfn.com/stock-market/london/ramsdens-RFX/share-news/Ramsdens-Holdings-PLC-Pre-Close-Trading-Update/80870812

Another contract win - on a new aircraft, and the "major European customer"s fourth aircraft platform which uses SIM:

Https://www.investegate.co.uk/simigon-limited--sim-/rns/contract-win/201910070700119026O/

Wow - 57.5m shares traded today at 15p. Perhaps more to be reported as the other sides of the trades?

Hopefully this is the clearance of the (Thornton?) overhang. Ready to light the blue touch paper now (insert your own cliche!)....

Bullish analyst commentary - note the huge forward visibility:

Https://citywire.co.uk/funds-insider/news/the-expert-view-ted-baker-imperial-brands-and-speedy-hire/a1276360?ref=citywire-money-latest-news-list#i=6

"Peel Hunt: Watkin Jones valuation too low

The valuation is too low for property developer Watkin Jones (WJG), which is well placed to deliver growth in an asset class that remains healthy, says Peel Hunt.

Analyst Gavin Jago retained his ‘buy’ recommendation and target price of 265p after the group announced a number of forward sales, planning permissions, and new sites secured in two core sectors of student accommodation and build-to-rent. The shares were trading at 221p yesterday.

‘Only one week into the new financial year and the group is fully forward sold for all planned developments for 2020,’ he said. ‘The pipeline for 2021 and beyond has also strengthened.’

Jago added that the market for both assets remained ‘healthy’ and the group was ‘very well placed to deliver growth in both over the medium term’.

‘The multiples are too low for a business with such strong visibility on revenues and cashflow, healthy end markets and an ungeared balance sheet,’ he said."

Excellent transactions update issued today, just after the year end, with lots of successful deals/completions/approvals.

With the Capital Markets Day set to spread the word on 5th November, today's update hopefully sets the tone nicely for the trading update on the same day:

Https://uk.advfn.com/stock-market/london/watkin-jones-WJG/share-news/Watkin-Jones-plc-Development-Transaction-Update/80853936

" Summary:

-- Forward fund of 762 unit mixed PBSA and Build to Rent development in Sheffield
-- Sale of 400 student beds across two schemes in Chester
-- Agreements for the development of 638 beds across two schemes in Glasgow and Edinburgh
-- Forward fund of two Build to Rent schemes, comprising 325 units, in Sutton and Bournemouth
-- Forward sale of a 35 apartment residential development in Chester

-- Further development of the PBSA pipeline with new sites secured in Edinburgh and Bath and planning obtained for the Group's site in Bristol"

Another $1m of antennae contracts won for delivery over the next 12 months. This is the third contracts win RNS in just over 2 weeks....

Https://uk.advfn.com/stock-market/london/mti-wireless-edge-MWE/share-news/MTI-Wireless-Edge-Limited-Contracts-Win/80853963

Interesting also to see the comment about 5G - almost as if they're priming investors for news flow to come:

"We also continue to invest in the commercialization of 5G backhaul solutions which we expect will drive sales growth as mobile phone operators roll out their 5G networks globally."

https://www.constructionglobal.com/infrastructure/yorkshire-water-appoints-seymour-ps290mn-minor-civil-framework

Worth highlighting extracts from the news - this secures eight years' worth of works for Yorkshire Water:

"Yorkshire Water has appointed Seymour Civil Engineering to its Minor Civil Framework, worth up to £290mn, where it will deliver requirements around the entire operational area.

Yorkshire Water has recently awarded £1bn of Civils Frameworks for 2020-2025, covering the full range of civil engineering requirements across its clean and wastewater assets with a total of 18 partners after a 12-month procurement process.

Seymour is the only company to be appointed within both Yorkshire Water's Minor Civils Lot 1 and 2 and will be carrying out civil engineering works to existing assets on operational treatment and distribution facilities. This will also include refurbishment and repairs to clean potable water and wastewater structures including reservoirs respectively.

Karl Brennan, Pre-Construction Director at Seymour Civil Engineering, said: "This is a key milestone for the business to achieve this strategic growth in Yorkshire and it provides a platform for further growth and development.

"The work will commence later this year or early 2020 and will last over an eight-year period with a review after five years. This will result in creation of jobs and many opportunities to deliver social value as well as reinforcing our position as a multi discipline specialist civil contractor in the region."

"Karl Brennan added: "As Seymour has grown from a family business, this appealed to us and the decision was soon made to declare an interest in the Minor Civils framework.

"The framework was a three-stage process and we competed against some of the UK's main contractors before securing our position."

For the record, here's a couple of extracts from Liberum's post-update note:

"AFH Financial Group*
Focus on organic growth should lead to a re-rating
BUY
Target price 568p | Published price 276p | *Corporate Broking Client of Liberum

AFH's business update provides clarity on their business strategy. The 3-5 year targets have been reaffirmed showing the firm’s continued growth ambitions, however, when the current pipeline of acquisitions is complete there will be an increased focus on generating organic growth and driving operational efficiencies within the business. We view this as a pragmatic decision that will allow time for free cashflow to be generated. This will in time provide the ability to fund future acquisitions and deliver progressive dividends to investors.

AFH now trades on a FY20 P/E of 7.8x, which, for a business with at least 8% net flows and focussing on cash conversion, offers significant value. A re-rating of the stock appears likely. Re-iterate
BUY."

"Financials and valuation

We continue to value AFH on 16.0x FY20 P/E which gives our TP of 568p. We believe the strong organic growth at AFH, its focus on operational delivery and a reduction of the perceived dilution risk will be viewed positively be shareholders. A significant re-rating appears likely as the current FY20 P/E of 7.8x is significantly below its historic average forward P/E of 13.0x and the 18.0x forward P/E it traded to in 2018. This appears particularly cheap when we have seen continued corporate activity in the wealth management space and interest in wealth managers from private equity. Our TP indicates 106% upside. BUY."

This week's update was promising overall, especially the visibility going forward and the confidence "for the full year and beyond" given the global transition to cloud.

There will be an H2 weighting in respect of margins. H1 revenues will be good though net numbers may not be so impressive, but these are expected to catch up in H2.

Peel Hunt retain their Buy and 520p target:

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

Https://www.investegate.co.uk/surface-transforms--sce-/rns/director-pdmr-shareholding/201910021055015065O/

Great to see the FD investing a meaningful amount in SCE shares, as (1) it's his maiden purchase and (2) the FD is normally both the least well-off and most cautious Board member.

And the IC also says Buy:

Https://www.investorschronicle.co.uk/shares/2019/10/01/news-tips-metro-bank-jd-sports-ferguson-more/

"Renew Holdings (RNWH) expects FY2019 results will be in line with market expectations, reflecting a full year contribution from QTS. Engineering services is expected to report good organic growth with the order book underpinned by long-term framework contracts. Rail has commenced operations in the first year of new control period CP6, with activity levels in line with the group’s forecasts. Net debt as at 30 September 2019 is anticipated to be between £10-11m. Buy."

From memory all the analysts covering RNWH say Buy. Peel Hunt are the only ones I've seen so far - as the others opine hopefully word will spread. Apart from anything else, RNWH must be a pretty safe haven in these uncertain markets.

Simon Thompson of the IC commented on VLE the other day and concluded thus:

"I also note that the recent trading performance of Volvere’s one remaining investment, an 80 per cent stake in Leamington Spa-based food manufacturing business, Shire Foods, fully justifies its £7m (371p) carrying value. Revenue of £10m in the first half was a record and the business improved its operating profit by £410,000 year on year.

The Landers are really smart investors and I would continue to hold Volvere’s shares ahead of news on their next acquisition. The general UK economic and political uncertainty is likely to provide rich pickings for them to take advantage of. Hold."

Peel Hunt remain very bullish - by now people with any sense should have realised the difference between RNWH's maintenance and essential works model and the rest of the contracting sector. Which is what makes RNWH so attractive. Especially on a P/E of 9.

Here's some commentary from them:

"The woes of the contracting sector have led to a material de-rating of Renew Holdings shares despite management's delivery, says Peel Hunt. The broker notes that the positive investment case is firmly underpinned by its exposure to rail, sustainable barriers to entry, blue-chip customers, confidence in estimates, as well as its merger-and-acquisitions opportunities. "We believe that as the differentiated investment case and the group's strategic positions--including the M&A potential--become better understood, there is scope for a material re-rating," it says. Peel Hunt has a buy rating on the stock with a target price of 500 pence."

Peel Hunt reiterate their Buy and 500p target:

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

Nice summary from the respected Techmarketview:

Https://www.techmarketview.com/ukhotviews/archive/2019/09/30/simigon-learning-to-grow

"SimiGon learning to grow

LSE-listed but US / Israeli headquartered, 3D simulation training SaaS provider SimiGon, saw revenue for the first six months of the year increase by 12% to $2.7m (H1 18: $2.4 m). Operating losses declined by 32% to $0.44m (H1 18: $0.65m).

SimiGon was founded by former Israeli Air Force flight instructors and is best known as a provider of its simulation development platform - SIMbox - used by companies to create 3D simulation training applications principally for the defence and aviation markets. SimiGon's client base includes training and simulation systems providers, as well as over 20 air forces, and commercial airlines worldwide.

The defence training market remains core to SimiGon where is supports clients including the United States Air Force (USAF) Air Education and Training Command and Lockheed Martin's UK Military Flight Training System. During the first six months of the year it added an additional $850k of contracts with key European customers, signed an agreement with the U.S. Department of Defense Enterprise Software Initiative and added a $1.4m 12-month contract with the USAF to support Flight Training.

As we are seeing from our latest TechMarketView Innovation Partner Programme, learning technologies is a very vibrant place to be at the moment. Expanding beyond defence into civilian and commercial markets where Millennials and Generation Z users demand a more immersive learning experience could offer SimiGon huge potential.

SimiGon has a great client list that should lay a foundation for future growth and a return to profitability. The challenge now is making this happen. Post Period activity with half a dozen or so contracts with the USAF already announced look like a very positive start."