Member Info for rivaldo

IMO are one of the main tips in Shares Mag this week - "Snap up digital economy winner IMImobile for potential big gains"......

Terrific post elsewhere from Sweenoid which I hope he won't mind me copying here:

"I do think H2 is going to be stellar
My metrics since you ask

1 - the VCSEL ramp will be huge , I estimate at least x3 greater than last years, if as expected ALL the iPhones and new iPAds have 3 D sensing then that more or less covers that growth. By itself, Android VCSEL use will start to ramp up too, but the main growth there will be 2019, I agree that LIDAR won’t come this year, but I guesstimate 2019, you are 2020,so let’s disagree
2 I think infrared sales for the FY 2018 will beat the high estimate growth forecast if 15% , I think it will be likely double that, based on the OEM consumer application, defence, medical applications coming
3 I truly believe late 2018 will at last see us integrated in front end filters ready for the new 5G enabled smartphone - starting at 4.5G
4 We will at last see revenues from GAN ON SILICON - Macom and ST Micro are really pushing their offerings for RF base-stations, IT IS rolling out from zero now, I expect an exponential rise in revenues here starting now but accelerating into 2019 and beyond as RF power applications kick in.
5 - solar power- IQE are still bullish for satellite applications, the tie in with Solar junction and hence Sierra Nevada Corporation has been going on for 2 years , revenues will come soon...I don’t know when
6 I expect general wireless revenues to be at the top level of guidance , if not beaten, mainly by IOT 5G applications and a rebound of smartphone sales from Q3 2018 through 2019 driven by new applications like VR and AR and the new iPhone and ANDROID phones all employing 3D sensing at least in the top marque arena.
7 the explosion of ‘sensing’ applications, the autonomous car, industrial and automotive applications for LIDAR are all being worked on.

There is a possibility that could occur at any time that via its partners Qorvo and Skyworks and utilising IQE’s new patented IP that those companies could announce revolutionary new front- end solutions ready for 4.5G and beyond, IQE talk a lot about that in their annual report ,it’s a long bet, but it could kick off in this CY but ANY announcement along those lines would blow the SP out of the water. As any major announcement on incorporation into smartphone front end filters TREBLES OR QUADRUPLES our wireless income within a few months

So some facts, a lot of guesses , but conservatively I am expecting a SP of at least 180p within 6 months."

Danske Invest now own over 3% with 3.3m shares:

Https://www.investegate.co.uk/premier-technical--ptsg-/rns/holding-s--in-company/201807051349497573T/

Good to see the first buy coming in at 300p now.

News:

Https://www.syngene.com/news/major-spanish-hospital-uses-syngene-system-for-western-blot-imaging/

"Major Spanish Hospital uses Syngene System for Western Blot Imaging
July 3rd, 2018

Cambridge, UK: Syngene, a world-leading manufacturer of image analysis solutions, is pleased to announce a Syngene multi-application imager is being utilised by scientists at a major hospital in Spain to accelerate Western blot analysis of proteins expressed by white blood cells post-vaccination.

Researchers at the hospital in Spain are using the Syngene system to rapidly and accurately analyse ECL labelled chemiluminescent Western blots of cellular receptors and proteins expressed by neutrophil and leukocyte white blood cells. This fundamental research is allowing the scientists to detect changes in protein expression post-vaccination and is providing information to make predictions about the efficacy of, and potential adverse events associated with clinical vaccines.

The Syngene system at the hospital is also fitted with a UV transilluminator and green, blue and IR LED lighting as the researchers also currently use the system to visualise Ethidium bromide stained DNA gels and may in future image and analyse fluorescent multiplex Western blots.

A pharmacist at the hospital said: “After vaccination we need to see which proteins are being expressed to determine the efficacy and safety profile of a vaccine. As part of this research we work with chemiluminescent Western blots, but we don’t want to image our results using X-ray film as this is time consuming and difficult.”

The pharmacist added: “In 2015, we installed a Syngene imager because scientists from other laboratories recommended the system. My colleague and I have found the system to be a very good device and easy to use. A major advantage for us now is that we obtain results much more rapidly than using X-ray film.”

“We’re delighted to hear that our imaging system is being used to speed up vital research at a major Spanish hospital,” stated Dr Martin Biggs, Sales Manager at Syngene. “Their work is a great endorsement of how this innovative imaging technology can be used in an immunology laboratory to improve the throughput and quality of vaccine testing.”

Nice start - more new highs, and buying at almost 294p now.

Good to see another acquisition today in the USA - for $5.8m - expanding the diversification into personal finance, which can only be a good thing:

Https://www.investegate.co.uk/xlmedia-plc--xlm-/rns/acquisition-of-leading-us-personal-finance-website/201807050700046475T/

This is an exciting new venture - KWS pick up large stakes in early stage companies for peanuts (45% for £300k!) and use their business and customer base to commercialise the Newcos:

https://www.investegate.co.uk/keywords-studios-plc--kws-/rns/launch-of-keywords-ventures-ltd/201807050700046483T/

A great idea which will pay off in spades if just one or two make it through, let alone the much higher percentage which should succeed given the fast track they're getting via KWS.

Innovative stuff indeed.

Good to see another acquisition in the booming fire protection sector - at a bargain price based on current profits, and also with the deferred consideration dependent on achieving "stretching" profit targets:

Https://www.investegate.co.uk/premier-technical--ptsg-/rns/acquisition-of-m---p-fire-protection-limited/201807050700036327T/

I was sorting out my stuff and came across some brief notes made from IDEA's presentation at Mello this spring, so thought you might be interested:

- 63% recurring revenues, which should increase to 75% by 2020
- 52% of revenues are outside the UK (70% of new revenues)
- their 3-year objectives are 100% revenue and EBITDA growth
- 35% of employees are in R&D
- the supply chain gateway for global OEMs is becoming more important. IDEA are "in talks for larger deals"
- they are "confident of sustained growth"

PHD were featured positively in the most recent issue of SCSW, so since some time has passed here's the article - note that since then the pound has weakened significantly against the dollar, to PHD's benefit. With the surprise contract losses apparently being one-offs I still see large potential upside here:

"Proactis

121.5p Epic code: PHD

(Sharewatch) The shares came off after a surprising weaker than expected H1, so not the most auspicious of starts from Hamp Wall, who became CEO following the sale of his business, Perfect Commerce, to Proactis last August.

Overall there was a 124% increase in sales to £26.4m. Adjusted EBITDA increased by 180% to £8.4m at a margin of 32% of revenue. Adjusted eps increased 20% to 5.4p. Net debt stands at £29.8m.

Perfect, which has made Proactis the sixth largest cloud-based e-procurement company globally, contributed £13.4m to sales and £3.7m to EBITDA. The downside, however, was that the strengthening of the pound (56% of EBITDA is non sterling) resulted in Perfect’s reported sales declining beyond earlier expectations. However, Proactis has also experienced an unexpectedly high churn of several single product customers. As this software is rented, the expectation is that this will leave a bit of a gap to fill in H2 revenues.

However, all is not lost. 35 new name deals were signed including five from Proactis (target of 70 per annum), which compared well with 27 in the two preceding halves. Of those, 31 were SaaS (H1 17: 22; H2 17: 22). Smaller value upsales of 46 (H1 17: 59; H2 17: 51) are on track for the 100 a year target. The order book of £47.8m is strong and annualised contracted revenue is £45.5m.

Following the acquisition of Perfect last August, it has also commenced its restructuring plan and synergies are on track for delivery of £3m in this year’s income statement from an expected year end run rate of £5m.

Finncap forecasts eps of 10.2p for the year with 11.8p next year. I am a buyer."

Time has passed since the SCSW Buy rec in the last issue, so here's their conclusion - at the current 200.5 the P/E is 13.0 dropping to 12.5:

"Prospective PE drops to 13.7 next year

First half revenues increased by 18% to £158m, mostly driven by growth in student accommodation. Pretax profit was ahead by 12% to £23.6m, with the gross margin flat at 21.8%. Eps were up by 13% to 7.6p. The balance sheet strengthened further with £38m cash, which is forecast to rise to £75m by the year end (September).

Peel Hunt forecasts £48.6m pretax profit / eps 15.4p for the full year with a target for next year of £50.5m/16p. The shares therefore trade on a 2018 PE of 14.2, falling to just 13.7 next year. I am a buyer."

Techmarketview like the new acquisition:

Http://www.techmarketview.com/ukhotviews/archive/2018/07/03/imimobile-extends-portfolio-and-geographically-with-impact-mobile

"Tuesday 03 July 2018
IMImobile extends portfolio and geographically with Impact Mobile

logoIn its year end results it was clear cloud communications software and solutions provider IMImobile had been making good progress tactically and strategically, which was reflected in strong revenue growth. Acquisitions played their part and we said we expected further moves (see IMImobile continues to climb).

Today the company announced an agreement to purchase Impact Mobile, a provider of end-to-end mobile engagement solutions from Canadian consumer finance company Dealnet Capital Corp for an initial C$25m (£14.4m) cash, plus a deferred cash consideration of C$2.5m (£1.4m).

When making acquisitions IMImobile’s strategy is to look to establish or extend market presence and add to its broad messaging and customer journey transformation portfolio. Impact Mobile ably meets the criteria: long-standing relationships with mobile operators, government organisations and enterprise customers in North America and a strong position in Canada. As well as its mobile solutions, Impact Mobile will also bring its JumpTXT platform - designed to help organisations meet regulatory compliance requirements, provide mobile engagement capabilities and supply carrier grade messaging infrastructure.

Impact Mobile’s diversified revenue profile and high levels of customer retention are also attractive and it is expected to be ”immediately significantly earnings enhancing” and have a positive impact on earnings for the year ending 31 March 2019. In the year to 31 December 2017, Impact Mobile had turnover of C$10.m (£6.1m) and adjusted EBITDA of C$4.0m (£2.3m) and is expected to have net assets of C$1.6m (£0.9m) on completion. The acquisition has the markers of a good and successful fit."

Good news:

Https://www.ideagen.com/company/news/ideagen-successfully-named-on-g-cloud-10-framework/

"Ideagen successfully named on G-Cloud 10 framework
03 July 2018

Ideagen’s Coruson, Q-Pulse, PleaseReview and Pentana Performance will be available for organisations operating in the public sector

Ideagen is pleased to announce it has been awarded a place on the G-Cloud government framework for the 6th successive year.

The G-Cloud 10 iteration allows public sector organisations – such as the NHS and local councils – to find and compare cloud-based services, removing the requirement for a full tender process.

It was launched in 2012, and Ideagen’s inclusion this year marks its sixth in succession. It means the company can offer its Coruson, Q-Pulse, PleaseReview and Pentana Performance products on the framework to organisations searching for cloud technology and specialist digital services.

Ben Dorks, Ideagen’s Chief Executive Officer, said the framework continues to create new opportunities for the company.

He said: “Ideagen has provided software and services to the UK’s public sector for almost two decades and initiatives such as the G-Cloud framework can only enhance our ability to continue to do that.

“The G-Cloud framework provides a streamlined process for the purchase of technology and digital services from organisations like ourselves. It has become a crucial service for public sector organisations as it is a faster buying process than having to enter into individual procurement contracts.

etc"

From today's Times - news that Bombardier and Hitachi have teamed up to bid for the massive HS2 contracts.

PEG already have contracts to supply both of them:

Https://www.thetimes.co.uk/edition/business/rivals-make-joint-bid-for-hs2-contract-rn9mgqkpg

"Bombardier and Hitachi hailed “a landmark day for the UK rail sector” after joining forces to bid for the £2.75 billion contract for HS2 trains.

The two companies, both of which had been shortlisted, are the only train builders with factories in Britain and analysts said their decision to team up could give them a decisive hand.

etc"

Good to see the steady buying continuing - another 50,000 bought at 20.65p this morning.

Interesting that on PTSG's web site they expand slightly on the AGM trading statement with this rather nice additional paragraph:

Http://www.ptsg.co.uk/news/ptsg-reports-continued-growth-agm-statement/

"These results demonstrate the effectiveness of PTSG’s growth strategy and its impressive performance across the UK. The multitude of long-term contracts signed across all four divisions in the first half of 2018 is a strong sign that the organisation’s business success looks set to continue, and its teams are ready to deliver the high-quality niche specialist services they are known for to its ever-expanding portfolio."

Plus as well as a variety of other, smaller contract wins, a nice big contract won for Nationwide:

Http://www.ptsg.co.uk/news/access-safety/nationwide-building-society-invests-ptsgs-expertise/

"Premier Technical Services Group PLC (PTSG) will be visiting all branches of Nationwide Building Society across the UK to undertake a range of fall arrest testing services.

The Group’s specialists will inspect, test, repair and replace a range of equipment including staircases, handrails, ladders and anchor points. Falls from height remain one of the most common causes of injury in the workplace and planned preventative maintenance of this kind is crucial in ensuring buildings remain safe for all users."

And good to see PTSG's expertise being used at a Scottish salmon farm:

Http://www.ptsg.co.uk/news/access-safety/ptsg-hatches-safety-plan-scottish-salmon-farm/

Thanks to everyone here for their comments and summations of the presentation etc. This is a rather unusually balanced and fair thread by LSE's standards imho! And no-one could accuse the thread on ADVFN of anything other than being almost dead since there's barely any posts on it! I try and contribute anything useful which hasn't been posted before, but leave the rest to those with far more knowledge than me.

FYI here's the latest commentary from Cantor Fitzgerald with a revised 19p target price:

Https://www.standard.co.uk/business/smallcap-spotlight-live-company-shares-take-a-tumble-gordon-dadds-pushes-higher-a3874426.html

"DekelOil's full year results are in line in terms of revenue, but the outlook statement shows continuing weak conditions with low fresh fruit bunch levels persisting into H2. The company is doing the right thing in diversifying geographically at Guitry and commercially into cashew nuts, with the recently announced option potentially transformational in our view. However we see uncertainty over the timing of recovery in the palm oil business as likely to weigh on the shares in the near term.

The expert view, that weak years should be followed by strong ones, gives room for optimism in 2019 and the company has maintained its dividend in cash terms. We are therefore cutting our forecasts for 2018 but see recovery likely in 2019 and our changes here are more modest so that our DCF based valuation falls to 19p from 22p."

The AGM statement stated CTO had had an "excellent start to the year". With order books up almost 10%, plus the FD making unusually large share purchases, the odds are that the results in a month's time will be very good indeed.

Whitman Howard have increased their forecasts and their price target to 343p (from 331p), and say Buy, concluding:

"We feel that the IMO product offer has many elements that are exciting within the software space. It offers software automation. IMO helps with digital transformation. The capability includes low code and has drag and drop functionality. IMO manages multi platforms and it can implement this on premise, in cloud or both. They also have AI based chat bots, a hot area. This product suite is targeted towards the customer connectivity vertical, again in our view of sensible strategy. This will deliver organic growth, margins should scale after a period of investment, and they have the resources to enhance this further with further acquisitions. We retain our BUY rating and increase our price target to 343p."