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Enough said......

"With products that address and automate communications and CX, IMImobile is operating in a growth area, with a finger firmly on the digital business pulse":

Http://www.techmarketview.com/ukhotviews/archive/2019/04/04/imimobile-riding-cx-and-comms-demand

"Thursday 04 April 2019

IMImobile riding CX and comms demand

Momentum continues at UK HQ’d communications software and solutions provider IMImobile, based on a customer experience proposition to help organisations consolidate customer communications and deploy a consistent communications strategy across channels and platforms. Performance has been strong over the past several years and the last year was no different.

The full year trading update for the year to 31 March 2019 shows expected revenue increase of 28% to £142m, of which 18% is organic growth. While the overall rate of growth is lower than the 45% of the prior year, (see here) the organic rate has increased, indicating previous acquisitions have bedded in and are generating results and the overall portfolio is working for customers too. With further acquisitions feeding in (which are opening up new opportunities in the Americas in particular), IMImobile remains well positioned. Adjusted EBITDA is expected to be over £17.8m, a 30%+ YoY increase, with gross profit c.£62m, representing a c.20% increase.

Investment in the product portfolio, including the addition of new channels for WhatsApp for Business and Apple Business Chat for the important Enterprise cPaaS product (communications Platform-as-a-Service), plus commercial and technical progress with partners such as BT, KCOM, Salesforce and NICE inContact, point to several growth drivers to continue to capitalise on.

Geographic expansion is also a driver and during the year gross profit growth across Europe and Americas hit 45%, with the region contributing over 70% of Group gross profit. At 12% and 20% organic gross profit (at cc) respectively, APAC and the enterprise business in South Africa also performed well. There was some weakness in MEA due to the impact of one particular customer; excluding this customer gross profit for the region was 13%.

With products that address and automate communications and CX, IMImobile is operating in a growth area, with a finger firmly on the digital business pulse."

A big trade of almost exactly £2m reported yesterday at 880p - maybe the delayed reporting of a large buy which has helped to cause the recent bounce, or maybe a clearance of an overhang. Either way it's good news, and the share price is bouncing quickly.

Part two of the article:

"Buy and Build

That ambition was halted by the oil price slide but having spent the last couple of years battening down the hatches, Perry is looking up again.

Around 90% of revenue comes from the US and some 250 of the drill rigs currently in operation there have at least one key part supplied by Enteq.

He wants now to broaden the geographic reach of the business and strengthen its technological base.

In particular, he is looking at the Middle East, China and elsewhere in the Far East, where he feels that with the right local partner Enteq can challenge the dominance of the big three.

In Saudi Arabia, for example, there is an opportunity in the gas that the country wants to develop for its own domestic use.
Opportunities overseas

Enteq works with many of the US shale producers and China is keen to develop its own unconventional gas assets.

Perry says the technology is agnostic to whether a well is conventional or unconventional, but nearly all its business is onshore and there is another opportunity in offshore contracts.

The cost and logistical difficulties with offshore wells mean they require much more monitoring, something known as ‘logging while drilling’.

That is well-suited to Enteq’s technology, believes Perry, and it is spending to upgrade its capability for this market.

The technology can also be applied to other areas such as geo-thermal power while Perry hints he might also dust-off the buy and build plans and look at acquisitions to strengthen the business.
Plenty of firepower

Enteq has the firepower for a deal. Net cash is around US$11mln, a figure, ironically, that was boosted by the slowdown in rig activity as it supplied customers from stocks.

Some of that money is earmarked to build its rental fleet to help smaller customers.

There are 28 rentals currently, with several more kits likely to be added before year-end, according to Investec.

The cash balance is worth 13p per share, added the broker, which has a price target of 46p compared to 28.5p today.

Perry adds that all its other assets are ‘real’ with the only intangible, the ongoing R&D project.

Add the cash and the market value of £17.9mln looks pretty well covered.

Throw in the expansion and recovery potential and the recent share price bounce looks set to continue."

I came across this article from a month ago which hasn't been posted before. Some interesting commentary here's part one of the article:

Https ://www.proactiveinvestors.co.uk/companies/news/215153/enteq-upstream-on-the-front-foot-again-as-rig-activity-rebounds-215153.html

"Enteq Upstream on the front foot again as rig activity rebounds

Enteq wants to broaden the geographic reach of the business and strengthen its technological base.

‘Underground GPS’ is how chief executive Martin Perry describes Enteq Upstream PLC’s (LON:NTQ) oil well technology.

The AIM-listed group specialises in measurement and directional equipment to get the optimal production from a well.
WATCH: Enteq Upstream expands into the Middle East 'now lean years are over'.

Its sensors and electronic controllers sit behind the motor driving the drill bit, measuring direction, where it is and parameters about rocks, vibration and temperature.

In short, essential pieces of kit to make sure a well goes to the place the geologist wants.

The big three oilfield service groups Schlumberger, Halliburton and Baker-Hughes all have their own in-house capability and account for half of the market.

Enteq has a good share of the rest.

The problem up until the middle of last year, however, was that fewer and fewer wells overall were being drilled in the US.
Rig count above 1,000 again

Drilling is closely linked to the price of crude and when the US benchmark West Texas Intermediate tumbled to US$36 per barrel at the start of 2016, US rig activity stalled.

By January 2017, fewer than 600 rigs were in operation, which predictably had an adverse effect on all oilfield services providers including Enteq.

Perry calls them the lean years, but things are looking much better now

Having rallied to more than US$70 per barrel in October, the crude price has settled at around US$55-57.

Anything about US$45 is more than enough to keep oil companies drilling, says Perry, something borne out by the latest Baker Hughes rig count that showed 1,051 rigs in operation in the US.

And that increased activity has already started to show through in Enteq’s numbers.

Both sales and profits are running well ahead of expectations, the company said in a trading update.

Results well ahead of expectations

Turnover in the year to March 2019 will be 50% up from the US$6.5mln seen in 2017/18.

House broker Investec, meanwhile, raised its forecast for underlying earnings for the year by 10% to US$1.95mln.

Growth accelerated through 2018, said the broker, while there is good visibility into the March year-end.

The share price also picked up but is still well short of what Perry expected when he floated Enteq on AIM in 2011.

Previously he had set up and run oilfield services group Sondex, which was sold to GE for £289mln in 2007.

The intention was to follow a similar buy and build strategy with Enteq."

Interesting to see that the Managing Director of Hutchison Whampoa (China) has now been appointed as Chairman.....

Https://www.investegate.co.uk/gama-aviation-plc--gmaa-/rns/appointment-of-chairman/201904031215010122V/

HW have unsurprisingly confirmed they won't be bidding for GMAA - but with their 21.7% stake it's interesting that this RNS sets out their rights if an offer by a third party comes along. Perhaps this is a possibility given the bombed-out share price.

Good, solid trading update in line with expectations (and that in a poor overall environment). Importantly there's growth in each of the four divisions.

Plus the ICL acquisition is going well, and there's confidence going forward:

Https://uk.advfn.com/stock-market/london/ramsdens-RFX/share-news/Ramsdens-Holdings-PLC-Pre-Close-Trading-Update/79627481

Peel Hunt retain their Buy and 250p target:

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

New commentary from the analyst at Goodbody's stockbrokers in Ireland:

"Keywords Studios is well-positioned to gain from tech giants' move into cloud gaming, as demand for localization and videogame software engineering should rise, Goodbody says. Alphabet's Google has unveiled plans for its Stadia platform and Microsoft, Tencent and Amazon are expected to follow suit, the brokerage says. "There is an opportunity for Keywords to act as a key strategic partner to such platforms," Goodbody says. A key investor focus on the Irish provider of services to the videogames industry--which is due to report 2018 earnings next week--will be its deal pipeline, as the company is expected to spend EUR60 million on acquisitions this year, Goodbody says."

Ragnarlothbrok, forget the published spread as it's misleading, you can almost always buy (and sell) well within the spread - just do some dummy trades online to get the true position.

This is particularly true at present whilst the party who took on the City Financial stake at 8.5p rolls them out at a small profit. Given yesterday's news and the upcoming maiden profitable results, this shouldn't take long hopefully.

Yesterday's framework agreement news is obviously non-specific in revenue terms for EUSP directly. But given the £20m value over the next four years, and impact at all for this microcap is likely to be highly material, and that's what the CEO's comment was meant to put across:

"We are pleased to announce the signing of this significant framework agreement following a competitive tender process, in which we achieved a very high score for our proposal. This may lead to substantial business growth across the UK in 2019 and beyond. We also see substantial value added possibilities with new modules and sub-modules, including for micro-procurement, being developed, adding potential further recurring revenue for the Company."

Good H1 trading statement, nicely in line with expectations. Lots of good news flow, and Fresh Property units under management is expected to grow strongly:

Https://uk.advfn.com/stock-market/london/watkin-jones-WJG/share-news/Watkin-Jones-plc-Pre-Close-Trading-Statement/79627505

Excellent year end trading update ahead of expectations.....EBITDA is over 30% ahead of last year:

Https://uk.advfn.com/stock-market/london/imimobile-IMO/share-news/IMImobile-PLC-Trading-Update/79627498

Great cash conversion at 90%. And the outlook couldn't be better:

"We enter the new trading year with strong momentum and are confident in delivering continued organic growth across all parts of the business."

Impressive news just out - no wonder the share price has surged from the recent artificial lows:

Https://uk.advfn.com/stock-market/london/eu-supply-EUSP/share-news/EU-Supply-PLC-Framework-Agreement/79619491

Conclusion:

"We are pleased to announce the signing of this significant framework agreement following a competitive tender process, in which we achieved a very high score for our proposal. This may lead to substantial business growth across the UK in 2019 and beyond. We also see substantial value added possibilities with new modules and sub-modules, including for micro-procurement, being developed, adding potential further recurring revenue for the Company."

Finncap's update summarises as follows:

"Full-year trading update

iomart has reported a full-year trading update indicating EBITDA of £42.2m (£43.3mE) from revenue of £104m (£105.5mE). The consistent combination of organic and acquired growth continues to deliver EBITDA margins of 40% and adj PBT margins of 25%, with recurring revenue in excess of 90% – and yet a free cash yield above the norm, at 5.1`% for FY (March) 20. Target 450p reiterated....

....Given the visibility of recurring revenue, the balance sheet remains strong and continues to offer potential for further acquisitions, with free cash flow of £19m into FY20. Forecasts are fundamentally freehold, any mild change to revenue offset by the LDEX contribution. Target 450p reiterated."

Here's the tip FYI:

Https://www.thetimes.co.uk/edition/business/geeks-have-never-been-more-in-demand-7szkcn56f

"Geeks have never been more in demand

In the video games arms race, developers have to spend big on manpower. Grand Theft Auto creator Rockstar Games is a case in point: the company employed more than 3,000 people to make the Wild West epic Red Dead Redemption 2, which sold 17m copies in eight days after release.

Keywords Studios wants to exploit that trend. The Dublin-based company, valued at £740m and listed on London’s junior market, is the largest provider of third-party services to the gaming industry, from visual effects to games testing.

Keywords is convinced that as games become more complex, developers will have to outsource more work so they can scale up quickly and release games on time.

That argument has been largely overshadowed of late. Keywords’ share price has dropped by 25% to £11.56 over a year as some of the industry’s biggest developers took a hit from the growth of online shooter Fortnite.

Activision Blizzard, the company behind the Call of Duty series and Candy Crush, surprised the market in February when it posted lower-than-expected profit forecasts for the first quarter.

However, Berenberg analyst Edward James thinks doubts over Keywords are “ill-founded” and says big developers have shown little sign of easing investment in new titles. Outsourcing could even grow faster than the video games sector as a whole, according to Liberum analyst Alexandre Schmidt, with the likes of Keywords snaffling market share by cross-selling services.

These are not the only reasons to give Keywords a second look. Google announced this month that it would break into the £100bn global computer games industry by launching the Stadia streaming service.

The American tech giant expects big things from “cloud gaming”, where players stream games from Google’s vast data centres. The move could trouble console makers such as Sony and Microsoft. For those down the food chain, it’s a big opportunity.

If cloud gaming follows the Netflix route, the cost of playing games should fall. A monthly subscription fee for access to multiple games could work out cheaper than the £45 it costs to buy a new game off the shelf.

It would also do away with the need for an expensive console, making gaming more affordable in countries such as India or areas of South America. That could prove a boon for Keywords, which is also a big provider of translation services to the video games industry.

With Amazon also preparing a push into cloud gaming, Keywords looks like a solid long-term bet. Buy."

New contract win for RNWH's VHE:

Https://www.vhe.co.uk/blog/post.php?s=2019-04-02-shawfield-remediation-and-earthworks-phase-2-works-package-1

"Shawfield Remediation and Earthworks Phase 2 Works Package 1

02 April 2019

VHE have been awarded the latest contract from Clyde Gateway to remediate Chromium impacted ground within the Shawfield area of Glasgow. The appointment follows successful works carried out on Phase 1 during 2013/14 and also two phases of product trail works at the site during 2016 and 2017.

The project is part of a greater scheme within the area to remediate Chromite Ore Processing Residue (COPR) from the former J&J Whites Chemical Works, which has been used to backfill disused clay pits in the area. The main environment issue of COPR is the presence of hexavalent Chromium (CrVI). The scheme designed by consultants Aecom will see reducing agents injected into the ground to convert the mobile and toxic CrVI into the more immobile and less toxic Cr III.

VHE’s works follow two periods of product trails on site to determine the best form of reducing agent to be used. It was concluded that two forms of Calcium Polysulphide are to be used. Where concentration are at the highest (at least an order of magnitude higher than Phase 1) pre-treatment of the ground will be undertaken by injecting another reagent to partly act as a catalyst to the reduction reaction.

It is anticipated that over 2 million litres of solution will be injected into the saturated zone of the 2.5ha site via 4,750 injection points. Each injection point shall drill a steel tube into the ground up to a depth of 7m on triangular grid pattern. A pre-set volume of solution will be delivered through the tube at 200mm vertical intervals, removing the injection rod from the ground at the same time ready to be installed in the next location.

The injected solution will be batched on-site and delivered to the point of injection via a sealed system. Up to 8 injection teams will be working simultaneously to achieve the works within a 30 week programme.

The works will involve the close control and presentation of thousands of data sets and records to verify the works undertaken followed by a groundwater monitoring regime of the area to assess the successfulness of the works in reducing the concentration of CrVI within the groundwater."

With the successful QTS acquisition in its principal skill set and sector, the new Network Rail focus on RNWH's core activities for the next 5 years, and the recent succession of solid trading updates with no alarms, plus the securing of large chunks of forward income via frameworks, perhaps the market is starting to rediscover RNWH and will begin another re-rating.

Nice move upwards yesterday.

And KWS were tipped as a Buy in this weekend's Sunday Times.

Good year end trading statement yesterday. PBT is just slightly less than Finncap's forecast by a mere 2% or so, so EPS should be around 19.5p, with 21.4p EPS forecast this year.

This sounds most promising:

"The early benefits of this effort started to flow through in the second half of the financial year with an increase in new lead generation from both new and existing customers. This has delivered a strong finish to the year with a significantly larger pipeline of prospects than this time last year and we enter the new financial year with confidence."

And the outlook is similarly confident:

"iomart has delivered yet another year of growth with strong profitability and cash flow underpinned by our recurring revenue business model, diverse customer base and attractive market position.

"The Group's large and building sales pipeline, combined with high levels of visibility and a significant market opportunity, leaves the Board very confident in the outlook for the new financial year, as well as the long term prospects for the Group."

New drilling contract win in Burkina Faso - the tie-up with Golden RIM is starting to pay off:

Https ://www.proactiveinvestors.com.au/companies/news/217186/golden-rim-resources-engages-capital-drilling-at-kouri-gold-project-217186.html

Looks like lots more to come:

"Golden Rim managing director Craig Mackay said with the start of mobilisation of the multi-purpose drill rig to Kouri from Mauritania, the company was now on the verge of what would be a very substantial drilling program"

Syngene news:

Https://www.syngene.com/news/top-uk-university-is-successfully-using-syngene-imaging-system-to-rapidly-study-proteins-dna-and-cells-associated-with-breast-cancer/

"Top UK University is successfully using Syngene imaging system to rapidly study proteins, DNA and cells associated with breast cancer

April 1st, 2019

Syngene, a world-leading manufacturer of image analysis solutions, today announced its G:BOX Chemi XX6 multi-application imager is being utilised by scientists at a major London university to speed up analysis of proteins, DNA and cells associated with breast and a range of other cancer types.

Scientists at the university are using a G:BOX Chemi XX6 multi-application imager to rapidly detect changes in DNA and protein expressed in human breast and other cancer tissues utilising DNA gels and ECL-based chemiluminescent Western blots respectively. They are also using the system to record images of six-well plates containing cancer cells stained with crystal violet to estimate total viable cell counts. The data generated is providing information which scientists at the university are using to understand fundamental mechanisms of cancer cells and their microenvironment and could help to identify new therapeutic targets and patient stratification methods.

The Laboratory Manager at the university explained: “Originally, we were looking for two imaging systems because we need equipment that can image Westerns, DNA gels and even multi-well plates. We reviewed equipment from three suppliers and the feedback from all the researchers was that the Syngene G:BOX Chemi XX6 provided images of good quality in a broad range of applications and this meant we only had to have one system for everything.”

He continued: “Now 30 of our researchers regularly use the G:BOX Chemi XX6 system to image around 10 Western blots daily. This system is simple to use and allows us to have a higher throughput of results compared to using X-ray film. At full capacity, we think we could generate 20 blot images every day and we even use the G:BOX Chemi XX6 for producing images of cells stained with crystal violet. In future, some of our researchers want to do fluorescent Western blotting and we have had the right lighting fitted so that our system will allow us to do this too.”

To find out about the versatile range of applications a G:BOX Chemi XX6 imaging system can perform, click this link: www.syngene.com/g-box-chemi-xx6/

“We’re delighted that this major UK University is using a Syngene imaging system to accelerate their cancer research,” comments Dr Martin Biggs, Sales Manager at Syngene. “The choice of a G:BOX Chemi XX6 for use by so many scientists for such a high throughput of Western blots shows how reliable this technology is for generating good quality imaging results with a range of diverse applications.”