Member Info for rivaldo

Another big step forward now achieved with ERPD approval received:

Https://www.investegate.co.uk/omega-diagnostics-gp--odx-/rns/update-on-visitect--cd4-advanced-disease/201909160700063422M/

"Omega (AIM: ODX), the medical diagnostics company focused on allergy, food intolerance and infectious disease, announces that, following the conclusion of a quality risk assessment review by the Expert Review Panel for Diagnostics ('ERPD'), The Global Fund has informed the Company that its VISITECT® CD4 Advanced Disease test will be included in The Global Fund procurement list. This means that VISITECT® CD4 Advanced Disease tests may be procured by organisations with access to The Global Fund or UNITAID funds, following a review of procurement requests and the issue of a No-objection letter from the Global Fund.

The Global Fund requires the Company to submit its VISITECT® CD4 Advanced Disease test for WHO Prequalification review in order to reach prequalification before the end of the ERPD authorised period which runs to 11 September 2020. The Company confirms that it has already submitted the product to the WHO Prequalification review process.

Colin King, CEO of the Company, said: "I am delighted that we have received this response from ERPD that allows procurement access to our VISITECT® CD4 Advanced Disease test in certain circumstances and we look forward to providing a unique test to organisations which can help improve the health outcomes of many people living with HIV."

Very good news this morning - with the potential for more:

Https://www.investegate.co.uk/mti-wireless-edge--mwe-/rns/contract-win/201909160700103612M/

"Contract Win

MTI Wireless Edge Ltd (AIM: MWE), the technology group, focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce that MTI Engineering Ltd ("MTIE"), the Group's expert consulting and representation division, has signed an agreement which includes an initial order valued at approximately US$1 million, for the supply of Hi-Power Microwave Terminations to an Israeli customer over the next 16 months.

MTIE's General Manager, Adi Peleg, commented: "We are delighted with this agreement because it provides a lot of potential, including scope for the order size to more than double in the next two years, as our customer has designed its system around MTI's component.

We continue to see high demand for our products and services and this agreement is another step in the realization of the substantial potential for our products."

More good news, and a management contract as well on completion:

Https://www.eastmidlandsbusinesslink.co.uk/mag/property/approval-for-major-student-and-residential-scheme-in-leicesters-waterside-regeneration-area/

"Approval for major student and residential scheme in Leicester’s Waterside regeneration area

13th September 2019

Plans for a new student accommodation scheme and build to rent development in Leicester’s Waterside regeneration area have been given the green light by the City Council.

The 0.87 hectare former industrial site consists of two plots on All Saints Road, leading on to Bath Lane and bounded by Jarvis Steet, with Alexander Street cutting down the middle of the site.

The development is to consist of 462 student bedrooms and 184 residential apartments featuring 31 studios, 101 one bed and 52 two bed flats. 100 sqm of flexible commercial space would also be provided as well as ground level car parking.

The scheme is anticipated to be complete by 2021.

The approved plans from Watkin Jones Group follow the completion of the firm’s close-by Merlin Heights student scheme, completed in 2016, which acts as phase one of the firm’s overall development of the area, while this newly approved development is to be constructed as phases two and three.

The student aspect of the scheme is to be managed by Fresh Student Living, part of the Watkins Jones Group, while the build to rent aspect would be managed by Five Nine Living, also part of Watkins Jones Group."

Mark Watson-Mitchell likes PEG and has a 40p target:

Https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-eddie-stobart-chemring-and-futura-medical/?utm_source=Daily+Bulletin&utm_campaign=fbf1fe4796-Daily_Bulletin_20190913&utm_medium=email&utm_term=0_25eff0bb7f-fbf1fe4796-34898813

"Petards Group (LON:PEG)

This advanced security and surveillance systems group needs to see its shares start to climb back up to their previous 2019 highs again.

So, the recent two items of news, a big electronic countermeasures contract with an MOD supplier, together with a major product announcement of a military grade 360 spherical video system for armoured vehicle personnel, should help to turn the price.

Now at just 20p, the shares have been up to 29p since my mid-April profile at 22p, before collapsing back to the current level.

At this rate of progress, it might need quite a bit more on the good news front to get the shares up to my 40p target price – but I am still hoping."

Mark Watson-Mitchell likes HMLH and has a 50p target:

Https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-eddie-stobart-chemring-and-futura-medical/?utm_source=Daily+Bulletin&utm_campaign=fbf1fe4796-Daily_Bulletin_20190913&utm_medium=email&utm_term=0_25eff0bb7f-fbf1fe4796-34898813

"HML Holdings (LON:HMHL)

Very gradually this property management, insurance and services group is adding to its management portfolio, by both organic and acquired growth.

Earlier this week the company acquired the business of Thornes Chartered Surveyors, which was set up 123 years ago, in a £470,000 deal. The Luton-based property management and lettings company makes a perfect fit for HML.

The HML shares, which touched 37p at their best in July this year, had eased back to my 32p February profile price, before improving to 35p on the news.

The current 33.5p is still some way off my 50p target price; however, the shares continue to look inexpensive to me."

Mark Watson-Mitchell likes CAPD and has a 76p target:

Https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-eddie-stobart-chemring-and-futura-medical/?utm_source=Daily+Bulletin&utm_campaign=fbf1fe4796-Daily_Bulletin_20190913&utm_medium=email&utm_term=0_25eff0bb7f-fbf1fe4796-34898813

"Capital Drilling (LON:CAPD)

Oh, I do like the recent share price movement for this drilling rigs company.

The interims to end-June announced in late August were impressive, showing good drill rig utilisation rates, big new contracts and strong profit performance.

Its net assets per share even improved from 52p to 58p, not that I consider that an important rating to look at when considering investing in this company.

This is an excellent example of making good money ‘selling the shovels to miners.’

The shares are firming up gently. From my profile price at 48p less than two months ago, they are now at 61p and looking extremely capable of hitting my 76p target price, and soon."

Some commentary on Thursday's announcement from the Chairman:

Https://www.insidermedia.com/insider/northeast/security-developer-unveils-military-grade-video-system

"Security developer unveils military grade video system
13 Sep 2019

A group that develops advanced security and surveillance systems has unveiled a new military grade video system at the Defence and Security Equipment International (DSEI) event.

Petards Group has showcased its new product, EyeCraft360, a military grade 360 spherical video system that allows personnel in armoured vehicles to see around, above and below them, without leaving the safety of their vehicle.

The EyeCraft360 is waterproof and dustproof, while also giving the user the ability to eliminate visual blind spots.

"We are delighted to see the early fruits of our investment in this innovative solution for local situational awareness," said chairman Raschild Abdullah.

"It combines the best of our defence heritage and video know-how."

Petards, which also develop technology for rail and traffic solutions, has its defence services operation in Gateshead.

"we are delighted that Major General Colin McClean of the UK’s Defence Equipment and Support (DE&S) was able to take the time to visit our stand and try out eyeCraft360 for himself," said defence director Scott Patterson.

"We have been very lucky to have had support and advice from serving British Army personnel throughout the development process and look forward to putting it into service."

As well as being on such great value fundamentals, INSE have issued some interesting press releases in the last month indicating their involvement in and advisory services for the most pressing issues in the energy sector.

For example:

- electric vehicle optimisation/cost savings/charge points etc:

Https://inspiredenergy.co.uk/could-electric-vehicles-future-proof-your-energy-strategy/

- reduction of carbon emissions/"net zero", i.e UK emissions to reduce to zero:

Https://inspiredenergy.co.uk/spotlight-on-net-zero/

- power grid balancing/ demand side response:

Https://inspiredenergy.co.uk/how-can-businesses-help-to-balance-the-grid/

- corporate energy procurement strategies:

Https://inspiredenergy.co.uk/fixed-or-flexible-energy-contracts/

Cenkos have left their forecasts unchanged post-interims and "remain confident" in them:

this year : 8c EPS, 1.7c dividend, $31.5m net cash
next year : 8.5c EPS, 2.1c dividend, $36.8m net cash

Here's a couple of extracts:

"This morning, RA International announced interim results for the period to 30 June 2019. During the period RA secured over US$65m new contracts and further diversified its revenues geographically and by customer. The contracted order book is now over US$166m, up c40% since December 2018. As indicated in the trading statement on 24 June 2019, both revenue and profitability for FY19 will be H2/19 weighted.

With RA seeing increasing numbers of Supply contracts as well as several longer-term contracts starting in H2/19, we remain confident in our FY19 forecast."

"Outlook & forecasts. RA has focused on customer diversification and increasing
geographic spread, as well as bidding on larger, longer duration contracts in the
period. Success from this has been clearly shown with the number of contract
awards over recent months, with most commencing during H2/19. We have left our
forecasts unchanged with our FY19E revenue forecast of US$60.2m representing 36% of the current contracted revenue backlog (cUS$166m) and good revenue visibility for H2/19.

We forecast FY19E net cash of US$31.6m, c32% of the current market cap. The shares trade at a FY19E PER of 7.1x and EV/EBITDA of 4.1x, falling to 6.7x and 3.3x 2020E respectively. 2019E prospective yield is 2.8%, covered 4.7x."

I thought this week's interims were pretty encouraging. The company is obviously on the right path now, it's just a question of time as to how fast the transformation wrought to date reaps real profitability and dividends.

Here's a couple of extracts from WH Ireland's post-results update note:

"Today’s H1 results show a pleasing +16% increase in revenue to £3.6m (+19%
stripping out the discontinued On Board business) driven by Touchstar’s next-gen
products against what remains a challenging market backdrop. As a result, the loss
before tax has reduced materially y-o-y to £224k (excluding exceptionals) from £592k a year ago. Given the usual H2 weighting, the H1 outcome puts TST well on the way to achieving our FY forecasts which we leave unchanged this morning.

Key takeaways

Today’s 16% increase in revenue halts the decline seen in the last financial year (FY revenue -12%) and is down to a large part to take-up of some of TST’s next-gen products and services. This is against a challenging market with the on/off Brexit saga leading to protracted sales negotiations not just in the mobile computing segment but across many sectors. Note that the 16% increase is slightly stronger than the 14% Q1 growth reported at the time of the FY results in May. Gross margin improved from 48.2% to 51.9% reflecting less hardware and more high quality
software/full solution in the mix. Impressively, the proportion of recurring revenue has also increased and represented approximately one third of revenues during H1.

Cash dwindles in H1 but should turn positive in H2 The balance sheet showed a
net debt position of £204k at the end of June (reflecting cash payments for
redundancies as part of the restructuring) but this will improve during H2 due to the receipt of a substantial tax reclaim from HMRC (delayed from H1 due to a processing backlog) in August amounting to £456k.

On the way to achieving FY forecasts On an adjusted basis, ie stripping out the c
£300k of exceptional reoraginsation costs, losses before tax more than halved from
£592k to £224k. This is a function of the improvement in gross margin but also the
operational gearing effect of a lean cost base. The £3.6m revenue outcome represents 46% of our FY £7.9m forecast – given the historically second-half weighting nature of the business, this puts the business well on course to hit our full year numbers.

WHI view

TST is half way through its three year turnaround. The H1 numbers show a return to revenue growth and should give confidence that all key metrics are moving in the right direction. Cash should also turn positive in H2 leaving a business with revenues of approaching £8m having an EV of ~£3m, an exceptionally low rating for a
technology stock."

Good to see the price moving back up. Mark Watson-Mitchell is a fan:

Https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-bloomsbury-solid-state-and-cohort/?utm_source=Daily+Bulletin&utm_campaign=4e8219b89e-Daily_Bulletin_20190909&utm_medium=email&utm_term=0_25eff0bb7f-4e8219b89e-34898813

"Pelatro (LON:PTRO) – in just under three weeks, on Thursday 26 September, this multichannel marketing hub software company will be announcing its interim results to end June.

Let us hope that the imminent news will be sufficiently inspiring enough to start to kick the shares into some good price action.

I profiled the company in the middle of July at 76p, with a 125p target price. Currently just 71p they hopefully will very soon look to be an exciting purchase at the current price."

Https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-bloomsbury-solid-state-and-cohort/?utm_source=Daily+Bulletin&utm_campaign=4e8219b89e-Daily_Bulletin_20190909&utm_medium=email&utm_term=0_25eff0bb7f-4e8219b89e-34898813

"Watkin Jones (LON:WJG) – the developer and constructor of multi-occupancy residential properties for the student accommodation and ‘build to rent’ sectors, will be holding an investors and analysts visit around its recently completed Stratford student property development on Tuesday 5 November.

Obviously, the group will be giving various presentations on that day, but more importantly it will then also be announcing its trading update for the year to the end of this month.

I rate this group highly and it is in a strong growth phase. Its shares, now only 216p, have been a pathetic performer since my mid-May profile at 225p. However, I maintain my 300p target price."

Nice plug earlier this week:

Https://www.fool.co.uk/investing/2019/09/11/2-booming-growth-stocks-i-need-in-my-stocks-and-shares-isa-right-now/

"Shares on a tear

Cloud computing provider Iomart (LSE:IOM) owns and operates 12 UK datacentres connected by its own dark fibre network, as well as operating a growing number of server farms in Europe, the US, Japan and Australia. I used to work in telecoms so I know a bit about this sector: if you switched off when the words ‘cloud computing’ appeared, then perhaps this stock isn’t for you. But I think Iomart has plenty of space to grow.

Pre-tax profits and earnings per share are rising and 10 years of consecutive dividend growth has always had more than 2.5 times earnings cover.

Management has refreshed the board recently and has invested in buying out the competition, including datacentre providers Bytemark and LDeX. This strategy, says Chairman Ian Steele, proves Iomart’s “ambition to deliver the same long-term pace of growth achieved over the last five years which saw the business double in size.”

Liberum retain their 568p target and Buy rating.

They also leave their forecasts unchanged - 31.1p EPS to 31st October upcoming, and 35.6p EPS for next year.

With 8.7p and 10p dividends on top.

Excellent earnings-enhancing acquisitions this morning, with more to come soon from the sound of it. And this statement is encouraging too:

"The Company continues to enjoy strong organic inflows of funds from existing and new clients with low redemptions. During the current year double digit gross inflows continue to be achieved whilst outflows, including pension drawdowns, remain below 2%."

Hopefully the RNS re Polar Capital last night, together with the late upturn in the share price, indicates their selling has stopped and it's time for a decent rebound.

Wow, wow and wow!

- great August gambling figures
- excellent H1 results, with £3m EBITDA amd over £9m cash....
- "an incredibly positive outlook for the remainder of 2019"
- trading "significantly ahead" of expectations to 31st August
- and best of all, the bid process has been abandoned. And it's a US listing ahoy...

Terrific news all round.

I do like the sound of this new product in today's announcement:

Https://www.investegate.co.uk/petards-group-plc--peg-/rns/product-launch/201909120803320981M/

"Product Launch

Petards, the AIM quoted developer of advanced security and surveillance systems, has unveiled a new product at Defence and Security Equipment International (DSEI). EyeCraft360 is the world's first military grade 360 spherical video system. It allows personnel in armoured vehicles of all kinds to see around, above and below them without leaving the safety of the vehicle. EyeCraft360 has been designed for the defence export market. Full details can be found at www.eyecraft360.com.

Commenting, Raschid Abdullah, Petards Chairman said: "We are delighted to see the early fruits of our investment in this innovative solution for local situational awareness. It combines the best of our defence heritage and video know-how. The EyeCraft360 has been well received at the DSEI with many overseas military delegations and major defence companies taking the opportunity to experience the product.

We are now focussed on taking eyeCraft360 to new markets around the world".

Another presumably earnings-enhancing acquisition from cash, at one times revenue:
Https://www.investegate.co.uk/hml-holdings-plc--hmlh-/rns/hml-acquires-property-management-business/201909120700140406M/
The AGM trading statement is coming up on the 17th (5 days' time) - it should be good judging by prior outlook statements.

Surging nicely this afternoon....not much stock around?

OK this is annoying - just type in "directors talk" but without the spacing....