Member Info for rivaldo

today - planning approval looks set for WJG's housing development near Caernarfon:

Https://www.insidermedia.com/insider/wales/29-home-development-set-for-approval

"29-home development set for approval
24 Apr 2019

Plans to build a 29-home development on a green field site in North Wales are poised for approval after receiving a positive recommendation from planning officers.

The application for the site in Bontnewydd near Caernarfon, Gwynedd, was submitted by St Asaph-based Watkin Jones Homes.

Of the 29 homes, nine will be affordable, six of which will be flats. The other 23 homes will be made up of a mix of three and four-bedroomed properties.

The report to be considered by Gwynedd's planning committee reads: "Having considered the above assessment and all the material planning matters, including local and national policies and guidance, as well as the observations received, including objections, it is considered that the application to erect new housing on land designated specifically for such a residential development, is acceptable.

"Consideration should also be given to the site’s planning history namely an extant planning permission to erect 26 houses. It is considered that the proposal satisfies the relevant requirements of local and national policies as noted in the report."

The committee meets to discuss the proposal on 29 April."

Very good news today - RNWH's Shepley Engineers should win a decent portion of the £400m given their excellent record in decommissioning elsewhere:

https://www.theconstructionindex.co.uk/news/view/six-teams-share-400m-dounreay-framework

and buying coming in at the full 330p offer price now.

Another 500,000 shares just reported bought at 90p.....

The 2018 results look like a real kitchen sink job. Far too complicated to comment on quickly on first read. However, (1) thankfully the Balance Sheet is healthy and (2) the guidance for 2019 EBITDA of between $10.5m and $11.5m is better than I'd feared.

The separate RNS re potential takeovers is interesting. It seems to imply that Hutchison Whampoa may wish to increase their stake to 30% (unless I'm completely misunderstanding it).

Centamin's update today reports production ahead of guidance, and good progress and optimism re exploration. Which is all good news for CAPD.

I've also noticed that, as with the previous deal with Golden Rim, CAPD have cornerstoned with $350k a small fundraising for Predictive Discovery (again quoted in Oz) to fund exploration at new properties in Guinea, West Africa.

This again looks a sound move, presumably guaranteeing future work in Guinea and elsewhere in West Africa as per this quote:

https ://www.proactiveinvestors.co.uk/companies/news/218627/predictive-discovery-raises-up-to-531000-in-placement-for-guinea-exploration-218627.html

“At present, we are developing new drill targets in Guinea, especially on the Nonta and Kankan properties and we plan to be ready to test them in late 2019.

“The new strategic relationship with Capital Drilling initiated by this placement will ensure that we are well positioned to fund and execute drilling programs in Guinea or elsewhere in our West African portfolio once we are ready to drill.”

Today's AGM statement shows RTC delivering the goods once again. Nice and solidly in line, cautiously confident, and interestingly:

"we continue to experience demand from both new and existing customers"

Forecasts are for 10.5p EPS with a 4.24p dividend - against a 63p share price.

Good news today re a $1.41m extension to the US Air Force contract:

Https://www.investegate.co.uk/simigon-limited--sim-/rns/usaf-logistics-support-contract-extension/201904240700048686W/

SIM must now have a considerable portion of forecast revenues for this year already secured.

This is another validation of SIM's business. And there's an interesting concluding comment which hints at more to come:

"Management expects this Contract to generate new business with the USAF and other Government end users."

Interesting - a 500,000 share buy at 69.2p. No wonder the share price has crept back upwards recently.

As a part of a diversified portfolio, I believe that:

- with the £5m-£6m cash pile almost equal to the m/cap
- with a number of long-term blue chip customers
- with the transition to recurring revenues largely complete
- with the obvious potential in VR/simulation
- with similar potential in diversification into related areas
- with a number of contract RNS's securing income for this year
- and with a more positive outlook for this year and going forward per the last trading statement

the upside remains large - if SIM finally get it right - and the downside from this £6.3m m/cap (there are only 51.4m shares in issue) is relatively limited.

- "big upside potential" with 2.65p EPS forecast this year:

Https://masterinvestor.co.uk/equities/petards-group-this-minnow-has-big-upside-potential/

"The services offered by the Defence part of the group are based upon leading innovation in complex, technology focused solutions and software for land, sea and air. It works for and with national and international military organisations, prime contractors and highly accomplished third parties to design and build ruggedised electronic solutions for a wide range of applications and purposes.

It creates specialised military and commercial communications systems. It provides electronic defensive countermeasure systems for fitment to rotary and fixed wing aircraft, threat simulation systems and mobile radios predominantly for the UK Ministry of Defence.

This division boasts an impressive list of clients, including the Royal Air Force, the Army, the Royal Navy, the Ministry of Defence, BAE Systems, Leonardo and Stadler, NATO Oman, amongst many others.

For the whole of this group I am impressed by its list of clients and I understand that its order book, for this current year and next, is already at substantial levels. That workload will have been boosted, no doubt, by its latest £1.5m plus contract from Bombardier Transportation, announced late last week. For that company Petards is to fit its eyeTrain video and data solution in to its Aventra trains – adding further to its installed base with Bombardier.

This group, valued at a mere £12.6m, has 57.5m shares in issue of which some 74% are in firm hands. Apart from the Board holdings, fund investors include Downing Active with 6.3%, Miton UK Microcap with 4.6%, and Chelverton with 3.5% of the equity.

I consider that they are all on to a winner with Petards. Although it is in a fairly competitive and international market place, it does seem to offer what its clients are seeking and, as its order books increase, I see its profits moving forward at a faster rate.

For the current year brokers Hybridan are looking for £19.4m of revenue and pre-tax profits of £1.52m, worth 2.65p per share in earnings. At only 22p that puts the shares of Petards Group out on a current year 8.3 times rating, whereas I would rate them out on at least 15 times, which would be about 40p.

In the technology sector, these shares are seriously undervalued and due for a re-rating."

- "big upside potential" with 2.65p EPS forecast this year:

Https://masterinvestor.co.uk/equities/petards-group-this-minnow-has-big-upside-potential/

"Petards Group – this minnow has big upside potential
By Mark Watson-Mitchell 18 April 2019

Despite its size this group is a global leader in the provision of security, surveillance and communication technology solutions. In the technology sector, these shares are seriously undervalued and due a re-rating.

When Petards Group (LON:PEG) announced their 2018 finals last Thursday, the company’s shares fell back from 25p to 22p in reaction. On the face of it, from what I can see, the shares of this advanced technology company are going the wrong way; however, it does give investors the opportunity to pick some up a lot cheaper than previously offered.

Established some 60 years ago, Petards Group was listed on AIM way back in 1997.

On the Rail side, which makes up about 60% of group sales, it puts together digital on-train surveillance subsystems for fitment to new build or retrofitted to existing rolling stock. These video and sensor systems include applications for Driver Controlled Operation (DCO); for Automatic Selective Door Operation (ASDO); and for condition monitoring, saloon car CCTV, drivers view cameras and automatic passenger counting systems – all of which are marketed under the ‘eyeTrain’ brand.

Petards’ solution systems have been designed over the years, in close collaboration with both the train operators and the train builders. They help to maximise safety and performance, at times when passenger numbers are ever increasing.

Rail clients include: Bombardier, Stadler, Siemens, Hitachi, Govia Thameslink, Southern, Northern, South Eastern, Gatwick Express, KiwiRail, Virgin Trains, WM Trains, Transport for London, Network Rail, South Western, LNER, C2C, GWR, ScotRail and Porterbrook.

The Traffic division of the group centres especially around its Automatic Number Plate Recognition (ANPR) camera-based surveillance technology. It is used to monitor any situation involving traffic, from police speed enforcement solutions to public toll roads and digital signage for commercial premises.

Its ‘ProVida’ system overlays detailed information regarding incidents and crimes, such as dangerous driving and speeding, onto captured video footage, which can later be used as evidence in a court of law.

ProVida is a Visual Average Speed Computer (VASCAR) system. It is a standalone, enabling it to be used without a full in-car computer system and it can be used when moving or stationary, with the target vehicle travelling in the same direction, in front or behind the surveillance vehicle.

These systems are sold to UK and overseas law enforcement agencies and UK based commercial customers, such as Cheshire Police, the Home Office, Thames Valley Police, Hampshire Constabulary,"

Peel Hunt today reiterate their Buy and 500p target:

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

Good to see RNWH's Seymour subsidiary winning a contract for a modular housing development - something which I'm sure will be used more and more:

Https://bdaily.co.uk/articles/2019/04/18/north-east-firm-lays-the-foundations-for-innovative-uk-housing-project

Extract:

"Seymour Civil Engineering is contracted by leading regeneration specialist, ENGIE who is delivering the project on behalf of Group, to look after the roads, sewers and foundations at the site.

The Hartlepool-based civil engineering firm has been laying the foundations at the site and is also responsible for the internal and external drainage, services and hard landscaping.

Thomas Brown, Seymour Civil Engineering Site Manager, said: “This is the first time we have worked in this way – and it is so interesting to watch the process. The main difference is the way we lay the foundations.

“With traditional construction, perimeter walls and load-bearing walls need deep foundations – and therefore deep excavation – to support the load of the structure.

“However, the modular homes require shallow excavation with concrete and blockwork plinths as the weight of the property is spread across the site.”

Due to the current housing shortage, the UK needs to build between 240,000 and 300,000 new homes annually. The industry is currently building around 190,000 houses per year due to the cost of building homes and declining number of skilled workers.

Thomas added: “The time taken to erect a modular house is a fraction of the time it takes to construct a traditional build.

“Myself and the team have found this project fascinating and amazing to watch the homes as they are erected and complete in such a small space of time.

“We’re all very proud to be part of this fantastic project.”

He added: “I’m 100% certain that this is the future of housebuilding in this country.”

etc"

Another small but perfectly formed acquisition announced today - this time in Japan, with plenty of potential given its speciality in Japanese mobile gaming and its existing and continuing sales to former parent company Ankama:

Https://uk.advfn.com/stock-market/london/keywords-KWS/share-news/Keywords-Studios-PLC-Acquisition/79740083

Extract:

"Christopher Kennedy, Regional Managing Director - Asia of Keywords Studios commented:

"We are thrilled to welcome Guillaume and the Wizcorp team to join our fast-growing operations in Tokyo where we already employ 300 people. Japan is one of the world's most significant game development hubs and has a long history in this industry. Keywords is excited at the opportunities Wizcorp will bring the Group and its clients in the Japanese market as it becomes the latest member of our global Engineering service line. Wizcorp's HTML5 expertise is a valuable extension to our console, mobile and PC games development skills, which is particularly interesting in the context of Snap's recent launch of its HTML5 based gaming platform.

"We look forward to replicating the success of our previous transaction with our long-standing client, Ankama, which saw us acquire their 23 people strong captive player support operation in Manila in March 2016 before building it into a multi-client player support hub that now employs 700 people. We see a strong opportunity to accelerate Wizcorp's growth by building on its existing services for some of Ankama's game development needs and providing it with opportunities to work with Keywords' extensive client base."

RNS just out - the AGM is on 22nd May and should be accompanied with a trading update as usual:

Https://www.investegate.co.uk/safecharge-int-grp/rns/notice-of-agm-and-annual-report---accounts/201904181300016625W/

Hi threeputt, Dar. I couldn't agree more - imo it's just the market. Perhaps a sub 3% holder decided to do some profit-taking or fundraising before the Dec 31st year end. We'll never know for sure! So best to have faith and not panic sell but instead top up on the dips if you have sufficient confidence.

Tamesis Partners have updated - they have a 91p valuation:

Https://www.tamesispartners.com/research

"Our view – overall a solid start to the year

Capital reported it is on track to achieve full year revenue guidance and we are confident that the company will be able to deliver the US$29.3 million quarterly average revenue for the remainder of 2019 to hit the mid-point of guidance (US$110-120 million). The quarterly result is slightly below our forecast at the revenue level due to seasonal effects in Q1. Encouragingly, the company reported
increased profitability from key contracts over the period – reinforcing our investment thesis from the FY/2018 results that Capital continues to outperform at blue-chip contracts with top tier mining companies including Kinross, Anglogold Ashanti, Resolute, Acacia, and Centamin.

The West African hub continues to grow, highlighted by an exploration contract win with Golden Rim Resources (ASX: GMR) in Burkina Faso. The company is seeing robust tendering activity – any further contract wins will be incremental to the published guidance. Metals prices remain strong, and Capital is best placed to take advantage of any increased exploration spending by the majors and mid-tiers to replace depleting ounces or tonnes.

We value Capital Drilling at 91p/share, representing 5x forecast 2019 EV/EBITDA of US$29.3 million and a 1.8x multiple on the current share price. Our forecast 2019 free cash flow is US$13.9 million, implying a 15.7% yield which easily covers the current dividend yield of 3.2%. At the current share price, Capital feels materially undervalued – trading at 2.7x 2019 EV/EBITDA, a strong balance sheet, covered dividend and further growth opportunities in the pipeline."

News of January expansion for Ganymede in the North West "Due to contract award" not posted here before

Https://ganymedesolutions.co.uk/featured-posts-2/ganymede-expands-its-rail-division-in-the-north-west/

"Ganymede expands its rail division in the North West

Ganymede, a leading supplier of complex labour logistics within safety-critical environments across the infrastructure sector, is expanding its rail division in the North West of England.

Due to contract award, Ganymede is investing in the expansion of its office in Crewe to support its plans for growth and commitment to deliver excellence to its clients in the North West from January 2019.

etc"

Good to see the directors participating and buying £72,000 of stock in the placing:

Https://www.investegate.co.uk/discoverie-group-plc--dscv-/rns/director-pdmr-shareholding/201904181157266551W/

The series of upwards moves hopefully suggests that City Financial's stock is largely or completely cleared.

For the record here's what SCSW had to say in their last but one issue (s/be OK to post now as enough time has passed):

"Premier Technical Services - 10% upgrade to forecasts

(Sharewatch) There was another upgrade after PTSG bought Trinity Fire & Security. Established 22 years ago, Exeter-based Trinity specialises in testing, maintenance and installation of fire and security systems. PTSG is paying £10.8m in cash upfront plus up to £5m based on performance over the next two years.

It therefore doubles the existing Fire Solutions offering (sprinklers and dry and wet risers) and takes it into fire detection and alarms and some security related services.

Trinity’s revenue run rate is c.£40m of which c.£24m is recurring from its maintenance base of 8,500 contracts, generating EBITDA of c.£2.2m. Trinity has c.£3.1m of cash so is bought on c.6.2x operating profit and is eps enhancing from day one, even before synergies from office and employee productivity. Numis has increased its 2019 pretax profit and eps forecasts by c.10% to £19.9m and 13.6p, respectively. Buy."