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Good to see 100% buys today (well, from 2 trades!).

Investors will probably as ever take their cue from one of the tipsters who've noticed HMLH in the last few months, who will hopefully update soon following these good results.

Looks like a bounce is now taking shape. ACSO may or may not get back to 3000p, but that doesn't mean there's not lots of upside to say 1500p-2000p.

Techmarketview couldn't be much more positive:

Http://www.techmarketview.com/ukhotviews/archive/2019/07/02/imimobile-continues-upward-trajectory

"Tuesday 02 July 2019
IMImobile continues upward trajectory

Full-year results out today from cloud communications software provider IMImobile confirm the business remains on an upward trajectory.

We have seen lots of positive news coming out of the company over the last year or so (see here, here and here) which is translating into strong growth. Revenue for the year ending 31st March increased 28% to £142.7m (2018: £111.4m) of which 17% was organic, whilst EBITDA increased 35% to £18m (2018: £13.4m).

IMImobile has been making solid progress both tactically and strategically with a customer experience proposition that helps organisations consolidate their customer communications and deploy a consistent comms strategy across multiple channels and platforms. Driving the growth on the tech side of things includes new channels for WhatsApp for Business and Apple Business Chat for its cPaaS (Communications Platform-as-a-Service) product, plus commercial and technical progress with partners such as BT, KCOM, Salesforce and NICE inContact.

Also underpinning growth were at least a couple of other things – firstly, the company is getting more revenue out of its customers, increasing to 40 (33 in FY18) the number of client’s worth more than £500k p.a. and to 83 (43 in FY18) those with revenue between £100k and £500k p.a. Secondly, the business has been making good progress overseas having intensified its North American focus in particular.

With products and services enabling businesses to launch and orchestrate two-way, trigger-based customer communications, across multiple channels, for more personalised, real time interactions, we continue to see IMImobile as well placed and succeeding within a growth market."

SCE now have another authorised dealer, Competition Motorsport. Worth reading the entire thread - some very complimentary comments about SCE's brakes from contributors:

Https://rennlist.com/forums/991-gt3-gt3rs-and-911r/1148917-surface-transforms-carbon-ceramics-now-at-cms.html

"SURFACE TRANSFORMS ARE INCREDIBLE

Surface Transforms carbon ceramic rotors are, in our experience, the best alternative to -- really upgrade from -- Porsche's venerable PCCBs. Competition Motorsport is now an Authorized Dealer for Surface Transforms. We've been demo-ing a set of ST carbon ceramic rotors and Pagid pads on our 991 GT3RS before deciding whether to carry them and they are, in a word, incredible. The combination of quiet, unobtrusive street-ability and astonishing track performance is every bit the rival of PCCBs, and the greatly-increased longevity and much lower cost add up to what we would say is the single best braking solution for the GT3 and GT3RS, bar none. Not just in terms of performance per dollar; in terms of performance period.

Surface Transforms are experts in the development and production of carbon-ceramic materials and the UK’s only manufacturer of carbon-ceramic brakes for automotive use. They use a proprietary next-gen carbon-ceramic material, called CCST, to create lightweight brake discs for high-performance applications such as the 991 GT3 and GT3RS. Surface Transforms uses their extensive in-house engineering and manufacturing capabilities to produce their innovative carbon-ceramic brake discs.

What's the difference between ST and PCCBs? Conventional carbon-ceramic brake discs use discontinuous (chopped) carbon fiber, where ST interweaves continuous carbon fiber to form a 3D matrix producing a stronger and more durable product with three times the heat conductivity. This reduces heat transferred from the disc to the brake system, lowering brake fluid temperature and increasing the life of system components without sacrificing any braking performance. Surface Transforms' unique patented carbon-ceramic technology provides the ultimate braking performance for road and track.

etc"

They state:

"The results were slightly ahead of expectations in virtually all respects. The business model continues to deliver consistent growth and cash generation and the group remains well positioned to benefit from any further tightening of industry legislation. We have raised our target price by 8% to 57p, implying potential share price upside of 68%."

Finncap have also introduced a 4.7p EPS forecast for this year to March'20. They say themselves that this is "conservative", especially given the 11% forecast increase in revenues and dividend.

Better to under promise and over deliver, but Finncap could have gone a little higher imo as that looks very conservative given the £2m or so of acquisitions made by HML from its own resources in the last few months.

N+1 Singer initiate coverage this morning with a 420p valuation:

"Transforming the customer journey

IMImobile is a leading end-to-end Communications Platform as a Service (CPaaS) provider targeted at Enterprises globally. The group focuses on the automation and improvement of end-user engagement, improving customer experience (CX) and reducing costs. The group is well positioned to benefit from structural growth trends in CPaaS, offering a differentiated and intuitive interactions management platform, and we initiate coverage forecasting 10% gross profit and 9% EPS growth for FY’20E.

FY’19 results confirmed strong organic gross profit growth in core markets (16% y/y), and with well flagged headwinds now clearing, we see high potential for group underlying growth acceleration. An intrinsic value of 420p/share offers strong upside potential for investors."

Excellent results, and a very, very confident outlook.

16.7p adjusted EPS is up 33% on last year, so this year we should be looking at 21p+ EPS with similar growth.

The outlook is great and highlights the forward visibility and market leadership:

"The Group is at a very exciting stage of development with technology developments creating momentum in the customer communications sector for more automation and use of digital channels. We are ideally placed to capitalise on this momentum and we believe there is no clear category leader in this market and that, due to our leading position in the advanced UK market, we have an opportunity to play a leading role globally.

The financial year has started well with trading in line with expectations. We continue to have good earnings visibility due to our established client relationships and healthy pipeline of new deployments and high proportion of recurring customer revenues. We are confident in delivering continued organic growth across all parts of the business."

Excellent - results are well ahead of even the recently increased expectations. 4.6p EPS compares to forecast 4.3p, revenues of £28.1m compare to forecast £27.3m and the dividend is up 12% to 0.47p.

The outlook is confident, stating "We are confident in our ability to maintain this momentum while we continue to build our network and our central support divisions."

I'm guessing Finncap may go for almost 5p EPS this year, which makes the share price pretty cheap.

It's also good to see trade receivables decreasing despite the big rise in turnover.

Investment in centralising in the business continues - neverending! - but it seems the benefits are indeed beginning to come through as the narrative suggests, with more to come.

I'd assume there will be further earnings-enhancing acquisitions from cash this year too.

A keen buyer has taken advantage of the early markdown, buying 200,000 shares in four lots at rising prices up to 16.95p.

Not too late imo penny2pound - if these new contracts signal the beginning of the road, with the factory built and up and running efficiently, and with further and larger OEM contracts expected in the "near term", then SCE will be a multi bagger from here on a mere £22m m/cap.

Hopefully today's and last week's bounce means the seller is now cleared out.

f15jcm, debtor days have been reducing fast from higher levels, and the high debtor levels at the year end are largely due to the H2/Q4 weighting. Note the high levels of collections since the year end, and that those debts are all recoverable from blue chip telcos, so will be fully recovered.

Also, the recent RNS confirmed that the $2m Danateq deferred consideration due in the middle of 2019 is unlikely to be payable as contract revenue recognition falls towards the end of 2019 instead, so the deferred consideration will fall materially and is not due anyway until mid-2020 from memory.

CTO announce the H1 results will be out on 1st August - a week earlier than prior years, and an incredibly quick turnaround from the 30/6 results date.

Extremely impressive. Plus no note that trading is in any way changed from the "positive" trading outlined at the AGM:

Https://www.investegate.co.uk/tclarke-plc/rns/notice-of-results/201907010923589994D/

New highs now on continuing demand.

Good to see an early buy today before tomorrow's results. Online you can only buy a maximum 15k shares at 34.71p, whilst you can sell 25k at 33p, so looking reasonably promising.

PEG's systems are being used in a prototype train, with support from Porterbrook - and with "strong interest from train operators to develop a production version":

Https://pressreleases.responsesource.com/news/97974/innovation-from-digital-rail-ltd-helps-make-railways-safer/

"Innovation from Digital Rail Ltd helps make railways safer
Friday 28 June 2019

An innovation to help reduce yellow line incidents was demonstrated by Digital Rail Ltd at the recent Rail Live event, an exhibition which brings the entire rail industry together in a real railway environment. Their RailSight® system assists the driver and guard by detecting anyone beyond the yellow line and alerts the driver’s display by highlighting the carriage door on a monitor. The system uses existing CCTV cameras supplied by Petards and does not impact on any existing systems.

Digital Rail Ltd Director Howard Parkinson explained: "We have a great team combining experienced engineers with a young team of computer graduates, many from Lancaster University, where our office is based. Our RailSight® system is currently a prototype and we have a strong interest from train operators to develop a production version. Rail Live was a welcome opportunity for us to show our innovation to the Railway industry. This could not have done without the support of Porterbrook who provided a whole train dedicated to new ideas and technology – the Innovation Hub. We received a lot of interest from a wide range of people, and had the opportunity to explain our ideas to the Secretary of State for Transport, Chris Grayling who made a point of visiting the Innovation Hub"

The company is involved in several new initiatives which build on the idea of using intelligent systems to interpret CCTV video. These include the yellow line safety improvements, identifying people requiring assistance at platforms (wheelchair users for example) and helping station staff to manage railways users.

etc"

"Ahead of expectations" is rather nice to wake up to :o))

Some other choice phrases, including:

"The outlook for 2019 continues to remain highly positive for GAN."
"The Company now expects to see high double-digit revenue growth"
GAN are "preparing ourselves for a rapidly expanding market"

GAN floated at 135p for a £75m m/cap, but subsequent dilution means GAN would now be trading at nearer 90p to achieve the same m/cap - yet prospects are far stronger and more near-term than they were then, and not dependent on chunky one-off contracts.

Excellent - another decent-sized contract win to benefit both this this and next year. This year is looking increasingly good.

And the award of a larger contract from an existing customer is validation of RAI's quality of performance:

Https://uk.advfn.com/stock-market/london/ra-RAI/share-news/RA-International-Group-PLC-RA-International-Awarde/80237960

"RA International Awarded New Supply Contract

RA International Group PLC (AIM: RAI), a leading provider of services to remote locations in Africa and the Middle East, has been awarded a new contract by a global humanitarian organisation to supply and install modified shipping containers as accommodation and offices in an East African country.

RA's services are required to upgrade the security of existing accommodation and office units from prefab units to steel containers with overhead protection. This contract award follows smaller similar projects undertaken for the same client.

The contract will run for one year, commencing immediately, and is valued at USD 7.8 million.

Soraya Narfeldt, CEO of RA International, commented: "We are delighted to have been selected for this contract, which was awarded to us based on our track record for reliability, expertise on the ground and capability to deliver quality service on time."

Blackstone say in this article that post-acquisition they will support Merlin with "significant investment" and "substantial resources",

Even better, the article suggests a wave of acquisition activity by Merlin. Given that Merlin has recently implemented ACSO's tech across its entire estate of theme parks and attractions, this would likely mean ACSO gaining a load of potential new business much more quickly than before:

Https://www.thetimes.co.uk/edition/business/merlin-taken-private-by-lego-family-in-6bn-deal-lc9rxj809

"While stepping up the pace of organic development, particularly Legoland theme parks, is part of the attraction of the deal, one City source suggested Blackstone’s decision to buy back into Merlin could presage deal activity. “Blackstone are not coming back in just to sit on their laurels,” said the source.

Tim Barrett, a leisure analyst at Numis, the broker, said: “The sector is fragmented and consolidating which will give Blackstone ample opportunity to broaden the portfolio, possibly using the Peppa Pig franchise to convert underinvested small and medium-sized parks.”

One deal understood to be on the wish list of Nick Varney, chief executive of Merlin, is PortAventura, the Spanish theme park owned by Investindustrial and KKR, the private equity firms. The park has been tipped as a €1 billion acquisition target....

.....If the bid from Blackstone, Kirkbi and the Canada Pension Plan Investment Board does turn into a successful long-term relationship, Mr Varney may get closer to his dream of “catching the Mouse” by overtaking Walt Disney as the world’s biggest attractions operator."

Given the relatively small free float here, it's surprising not to see the price rising much with the amount of buying which has been coming in.

There's presumably a decent-sized seller out there dripping out stock. Hopefully when the overhang clears the price will rise quickly back to 90p+.

Encouraging NED appointment (and H1 trading update will be on 29th July):

Https://www.investegate.co.uk/gama-aviation-plc--gmaa-/rns/appointment--stephen-mount--non-executive-director/201906271720337247D/

And some good news:

Https://www.ainonline.com/aviation-news/business-aviation/2019-06-27/gama-aviation-signature-teams-windsor-jet

"Gama Aviation Signature Teams Up with Windsor Jet
by Kerry Lynch
June 27, 2019, 10:55 AM

Aircraft charter and management company Gama Aviation Signature is extending further into the global heavy jet market through a strategic alliance with Windsor Jet Management. Fort Lauderdale, Florida-based Windsor Jet operates a fleet that ranges from midsize to large-cabin business jets, including several Gulfstreams.

The relationship will provide Gama Aviation Signature with “another competitive advantage for rapid growth and expansion,” while enabling Windsor Jet to leverage its sales and operating capabilities, Gama Aviation Signature said.

“Combining Gama’s quality control standards and level of service with Windsor’s heavy-jet fleet will further enhance our success in delivering the bespoke concierge service all of our clients expect and deserve,” said Gama Aviation Signature president and CEO Tom Connelly. “We anticipate the Windsor aircraft to be in high demand generally, as well as materially contributing to Gama Aviation Signature’s expanding international and coast-to-coast charter operations.”

Windsor Jet CEO Ignacio Martinez added that having access to Gama Aviation Signature’s resources, expertise, and infrastructure will benefit its clientele. “This alliance will enable Windsor to deliver a higher level of service and mutually benefit from new synergies,” he said."

It was crazy not to issue an AGM statement early in the day and then include that rather encouraging trading statement hidden away in a generic "Results of AGM" RNS after the markets closed.

It's as if they didn't want it to get any attention! Perhaps part of the strategy to under promise and over deliver and keep under the radar, but that's being generous....

Nevertheless, it's encouraging news. For the record here's what was said:

"Ian Martin, Chairman of Touchstar, said: "The Company has had a positive start to the current financial year and is currently achieving strong year on year revenue growth. A number of large orders have already been received and delivered to key customers, which gives the board confidence.

The Directors still expect the Company to show a strong financial performance in 2019 in line with expectations."