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Cheers Qd22 - yep, the Caribbean is slightly warmer than the UK at this time of year! Here's some analyst comment from Investec on the "materially ahead" trading statement FYI:

https ://www.proactiveinvestors.co.uk/companies/news/214946/enteq-upstream-gushes-higher-on-bullish-update-214946.html

"Enteq Upstream gushes higher on bullish update
13:53 20 Feb 2019

“Full year revenue and underlying EBITDA are expected to be materially ahead of expectations”

A revival in US drilling activity has generated a sharp upturn in sales at oil well technology specialist Enteq Upstream PLC (LON:NTQ).

“Full year revenue and underlying EBITDA are expected to be materially ahead of its expectations,” said the company.
READ: Enteq Upstream Plc - Oil Capital Conference presentation

In its statement, Enteq added second-half turnover will rise by 25% over the US$4.2mln reported for the first six months, while full-year revenues will be 50% ahead of the US$6.5mln seen last year.

Cash balances at the March year-end will be about US$11mln.

Enteq specialises in measurement and directional technology that enables optimal production from a well.

Around 90% of revenue comes from the US, where shale production activity has rallied with the oil price.

Investec notes that growth accelerated through 2018 while there is good visibility into the March year-end.

The house upgraded its underlying earnings [EBITDA] by 10% to US$1.95mln for this year, though the next two years are unchanged as higher depreciation on the growing rental fleet will hold back the bottom line.

Enteq continues to invest in its rental fleet with four more added to take the total to 28, with several more kits likely to be added before year-end.

The US$11mln cash balance is worth 13p per share, adds Investec, which has a price target of 46p."

SCE seem to be inching closer and closer to a significant announcement. Hopefully just a little more patience is needed (and anyone still here must have a surfeit of that particular quality!).

For the record I came across this from the news wires dated 26th February which hasn't been posted before - Cantor have lifted SCE to a Buy from a Hold:

"1016 GMT - Surface Transforms could be a good speculative investment as it awaits a breakthrough automotive contact, says broker Cantor Fitzgerald, raising the carbon ceramic brake disc manufacturer to buy from hold. Cantor forecasts Surface Transforms can reach break-even on an Ebitda basis in 2020 as capital spending winds down and if it can reach full commercialization. Cantor, which acts as corporate broker to Surface Transforms, has a target price of 25 pence for the stock"

In Saturday's Times Gervais Williams writes about how to protect your portfolio post-Brexit, and tips INSE as follows:

Https://www.thetimes.co.uk/edition/money/how-to-protect-your-portfolio-from-brexit-hlxjbwpk2

"Inspired Energy

Williams says: “Inspired Energy works closely with many small and larger UK companies, ensuring they procure their energy efficiently. It is standing on a low share price valuation in spite of its ongoing growth. If the UK leaves the EU with an agreement, then any pick-up in corporate confidence should enhance the company’s growth.”

Excellent news - the £90m forward sale achieved of a large student scheme in Wembley, securinf a chunk of profit through to 2021/22:

Https://www.investegate.co.uk/watkin-jones-plc--wjg-/rns/forward-sale-of-599-bed-pbsa-scheme-in-wembley/201903110700053762S/

Excellent news this morning. The $900k saving in the Penn licensing fee is particularly impressive. And nice to see the reiterated trading guidance:

"Based on current strong trading conditions experienced year to date and lower Pennsylvanian licensing costs, the Company remains confident in the CY2019 full year guidance provided on January 25, 2019.

The Company expects mid-to-high double-digit percentage year on year revenue growth in FY 2019 and full year positive EBITDA1, based on the current fixed cost base. The Board does not anticipate any additional capital requirement on the current business plan and the Company is therefore fully funded."

Terrific stuff. A £3.8m m/cap is looking slightly ridiculous now given:

- minimum £864k PBT
- record £10m order book
- MBG has tripled its order book to £7m in just a year (from £2.3m)!
- confidence for 2019 - and beyond

Been away on hols, but not at all surprised to see IMO recovering nicely.

I think that, as well as the recent market volatility, a few institutional and other investors were spooked by GHT's sell-down in autumn'18.

Which makes GHT's 22nd February RNS that they've increased their stake back to almost 10% (from just 6.1%) all the more interesting.

They've been 14th March the last two years so next week is likely.

No trading update, so imo we can be pretty confident the results will be nicely in line with expectations of 2.02p EPS and a £1.4m cash pile.

Assuming forecasts for this year remain unchanged at consensus 2.46p EPS then hopefully we can expect a move up to 30p-35p, and if the outlook is very positive then perhaps the upper end of that range.

The interim outlook was certainly bullish:

"Outlook

The Group continues to benefit from a good balance sheet and a strong forward order book of £20 million which has been further enhanced with the recently announced awards of three contracts totalling over £6.5 million from Bombardier and Siemens.

The Board is also pleased with the performance of its more recent acquisitions, QRO and RTS, and continues to review opportunities for other acquisitions.

With the June 2018 order book containing revenues of approaching £10 million for the second half of 2018 and almost £8 million for 2019, the Board remains confident in the future prospects for the Group."

Great to see another two important contract wins whilst I've been away on hols. PTRO is looking rather good value.

PTRO are tipped today as one of five stocks mentioned in a new Stockopedia article about growth stocks meeting Slater's investment criteria:

Https://www.stockopedia.com/content/where-did-all-the-growth-stocks-go-growth-strategies-for-subdued-markets-455723/?utm_source=Stockopedia+Subscribers&utm_campaign=b184e17add-Newsletter+08+March+2019+-+Non+Subscribers&utm_medium=email&utm_term=0_daf28b1d4d-b184e17add-41876725

SDI are tipped as one of five stocks mentioned in a new Stockopedia article about growth stocks meeting Slater's investment criteria:

Https://www.stockopedia.com/content/where-did-all-the-growth-stocks-go-growth-strategies-for-subdued-markets-455723/?utm_source=Stockopedia+Subscribers&utm_campaign=b184e17add-Newsletter+08+March+2019+-+Non+Subscribers&utm_medium=email&utm_term=0_daf28b1d4d-b184e17add-41876725

Good to see more contract wins whilst I was on hols, particularly with new clients in both Denmark and Germany - and the involvement with the huge Femern Tunnel.

EUSP are so far off the radar I noticed that ADVFN's Monitor didn't even pick up the 5th March contract as a news item! So some may have completely missed it.

Not long to next month's results and a maiden £0.4m profit and around £1m net cash.

Terrific results out whilst I was on hols. Worth summing up in black and white:

last year : 9.4p EPS, 3.85p divi
this year : 10.5p EPS, 4.24p divi (forecast)

It'll just take a little buying interest, whether institutional or via a press tip, to move the share price up nicely given the fundamentals and prospects.

As Whitman Howard say

"Even at our price target of 100p the 2019E PE rating and dividend yield would still only be 9x and 4%. Not bad for a company which generates c50% of revenues from recurring sources, has built a solid foundation and is highly optimistic about its future"

Excellent trading update issued whilst I was on hols.

Great to see the improvements in net debt, cash conversion and debtor days. And:

"Trading during the first six weeks of the current year has been strong, and recent acquisitions are performing in line with management expectations."

The results in just over two weeks should provide further pep to the share price.

After the recent Triton Fire And Security acquisition acquisition forecasts for this year are now 13.6p EPS, with a 1.9p dividend.

That's a P/E of 9.1,

Good to see another small earnings-enhancing acquisition whilst I was on hols.

Next month's year end trading update will hopefully confirm results at least and possibly better than forecasts at 4.3p EPS with a 0.5p dividend, especially given 2.2p EPS in H1.

Forecasts for what will then be the current year to March '20 could then be say 4.7p EPS upwards following the two recent acquisitions and with just a little organic growth.

At that point we could easily see a nice bounce with a little buying interest up to say 45p-50p - or more, especially if the market agrees with HMLH about the regulatory/statutory changes which they say are benefiting them.

Despite the excellent year end update, the share price has been marking time/drifting whilst I've been away on hols.

Results are on 27th March, so not long to go. Consensus is 1.57p EPS, with a 0.6p dividend.

Forecasts for this year are 1.8p EPS, with a 0.7p dividend.

Found this in Liontrust UK Microcap Fund's Dec'18 investment letter for the record:

"A share placing contributed to a monthly share price fall for Inspired Energy (-23.4%). The company is an energy procurement consultancy firm that in the managers’ view possesses core Economic Advantage assets through its high recurring revenues and embedded distribution strengths. In December, a share placing of £19m helped fund the acquisition of Inprova Finance, a company that offers similar services with particular strengths in data centres, social housing, education and construction. The acquisition is expected to generate substantial cross-selling opportunities."

Great to see the "materially ahead" of expectations RNS whilst I've been away on hols.

City Financial have under duress been selling large stakes in a number of companies, including NTQ's to Canaccord and Octopus. I note they also sold their entire stake in SOM which caused a silly "flash crash" before the share price recovered - and more.

Without this I suspect NTQ's share price would be back at 35p-40p, but instead the momentum from the excellent trading RNS was stopped in its tracks.

Nevertheless, NTQ has $11m cash against the £15.8m m/cap. Given this, the intellectual property, the growing sales around the world and the relatively stable (and decent level of) oil price I'd expect NTQ to attract press/tip attention before its results.

A couple of buys today represents a tsunami of activity (by PEBI's standards).

Something happening (apart from someone recognising the discount to 8.14p per share NAV)?

Ken Wotton at Gresham House certainly likes INSE :o)) This is from yesterday.....

Https://www.yourmoney.com/investing/fund-manager-picks-stocks-to-fall-for-this-valentines-day/

"Inspired Energy – Ken Wotton, manager of the LF Gresham House UK Micro Cap and Multi Cap Income funds

While large-cap businesses are generally impacted by macro factors, the agility and niche positioning of smaller companies may allow them to react positively to broader economic headwinds. One such company, Inspired Energy, is poised for strong performance in 2019. The company is one of the UK’s leading independent energy consultants, advising mid-sized corporates and higher-end SMEs on how best to optimise utility expenditures.

The appeal of Inspired Energy is its revenue largely comes from energy providers. While it advises mid-sized corporations, Inspired Energy is paid in commission from contracts with large energy suppliers, with payments based on the energy usage companies incur. This guarantees multi-year revenues and high earnings visibility for the business. We believe Inspired Energy understands its customers, and it has been one of our long-term holdings."

Looks like some stale holders got out yesterday, taking advantage of some liquidity/demand.

Anyway, for the record here's Finncap's update:

"Update and contract wins

SimiGon, the global provider of simulation training solutions, has updated the market on FY 2018; expecting to report revenue up 15% to c.$5m (2017: $4.3m) and a reduced adj. net loss of $0.7m (2017: $0.9m loss). As noted in the interims, the loss is partly due to a provision of $0.5m against a delayed payment from a civilian training customer. In operational terms the year was successful; SimiGon hit milestones on its strategic contracts including the IAF F-16 Maintenance Trainer program, logistics support on the USAF T-6A program and extending the UK Military Flight Training System program.

Looking ahead there is further positive news as SimiGon strengthens its relationship with an existing European customer through multiple new contracts totalling $0.9m over three years including licences, maintenance and support services for its simulation training centres. Our forecasts and TP remain under review until there is greater visibility.

? Strategic focus: This has been a quiet couple of years for the company. In that time, the management has nevertheless focused on three key operational areas:
? Delivering ‘Distributed Learning Solutions’ to core strategic partners worldwide, both directly and through its partners, now has training sites in North America, Europe, Middle East and in the Asia Pacific markets.
? Expanding market reach, to see utilisation of SIMbox technology in multiple domains such as maintenance training, commercial equipment operator training and research labs.
? Strengthening the technology, improving SIMbox capability; the graphics engine; simulation and learning management system; delivering complete VR solutions.
? Positive outlook: We are encouraged that SimiGon thus entered FY 2019 with more clients, more partners, stronger technology and broader adoption of SIMbox in multiple domains. This is a solid platform for growth and management expects to improve both revenue and profitability this year.
? Strong cash position: The company remains well funded with c.$7m of cash at the interim point and significant receivables to be collected in H2."

Looks like another large Dawlish repair/upgrade contract coming for Amco......

Http://www.constructionenquirer.com/2019/02/15/government-pledges-80m-for-dawlish-sea-wall-project/