Member Info for rivaldo

I came across this update from Davy's following GAN's recent results - EBITDA of �1.7m this year rising to �4m next year.....with potential for huge further upside on any changes in PASPA and other US gaming legislation: Https://www.davy.ie/research/public/article.htm?id=ST2_7350_1.xml.htm "GAN Updating forecasts post full year results; WinStar expected to drive revenue growth in 2018 and 2019 April 20 2018 DAVY VIEW Following GAN�s full year results, we update our forecasts for 2018 and beyond. The group is forecast to grow revenues materially in 2018 due to the roll-out of the WinStar Online Casino in Europe (a B2B client) and the full year effect of a number of other contract wins. We are forecasting 2018 revenues of �15m (H1/H2 split �5m/�10m), with the business expected to generate EBITDA of �1.7m this year (�454k in 2017). For 2019, the full year effect of WinStar is forecast to lead to revenues of �20m and overall group EBITDA of approximately �4m. These forecasts do not include anything for any potential positive changes in US gaming regulation which may occur over time."

Excellent article by the Private Punter as usual. Here's a direct link: Https://www.cambridge-news.co.uk/business/business-news/buying-building-paying-dividends-cambridge-14595865 Some great extracts, particularly re Sentek: "The division, which is the UK's largest independent manufacturer of electrochemical sensors for water based applications, delivered a stronger second half performance than was previously expected which in turn was assisted by increased demand from two large OEM customers. Additionally, Sentek has taken up the opportunity to facilitate continued growth with an added extra facility to double capacity that had previously been earmarked being adjacent to its existing HQ." And acquisitions: "Creedon, while content with the progress, anticipates further additions to the group with a sizeable banking facility now in place to support that goal should they need it. There is he says, currently a strong pipeline of further potential acquisitions that fit the bill for SDI and holders or watchers of the shares will no doubt hear more on that front in due course." And ProReveal: "sales have been made overseas in both Norway and Romania which sees the total since launch of the device now standing at 76. The vast US market also remains on the agenda for future adoption and growth, although it would appear that the UK, given that looming deadline date remains the primary focus for now." "Creedon is certainly not one to raise hopes on the device, but says he will be interested to see exactly what happens come July, as this is the date that has been set by the department of health (DoH) regarding healthcare providers engaged in the management and decontamination of surgical instruments implementing their guidance on protein levels being measured directly on the surface of the instrument."

There's been a series of small buys over the last few days, with the price steadily ricking up indicating there's not much stock around. The next formal update isn't due for some 6 weeks or so. Let's hope this is the precursor to some news flow.

Here's a link to Investors Champion's latest write-up on SND, which reads rather well (free to read if registered): Https://www.investorschampion.com/channel/company-comment/sanderson-positive-pre-close-trading-update-reflects-growing-margins

Good to see that Merlin have issued a positive trading update which has been well received by the markets. That means Six Flags, Cedar Fair and Merlin have all issued good Q1 trading statements recently:: Https://www.investegate.co.uk/merlin-entertain--merl-/rns/agm-trading--update/201804270700063122M/ Also, after their forecast-beating Q1, Six Flags held their usual conference call. No mentions for ACSO, but plenty of optimism and lots of emphasis on global expansion and likely acquisitions of more water parks and theme parks: Https://finance.yahoo.com/news/edited-transcript-six-earnings-conference-213940234.html

WJG are featured today as one of 5 companies in the FTSE AIM UK 50 "which are growing and throwing off cash but are on much lower multiples": http://www.iii.co.uk/articles/499598/these-aim-big-boys-are-going-cheap "Watkin Jones (WJG) Watkin Jones (WJG) is growing strongly on the back of demand for student accommodation, and it is beginning to supplement this growth with developing private rental projects. The company finds UK sites, secures planning permission and then the land is forward sold to institutional investors. Watkin Jones will then construct the accommodation. The main growth in revenues over the coming years is expected to be from the build to let developments. It has not all gone Watkin Jones' way. It has lost some business in its student accommodation management company Fresh Student Living because the properties have been sold to a new owner, which is taking management in house. That will stall the division's revenue growth for one year and then it will restart in 2019-20. There is also uncertainty concerning who will take over from Mark Watkin Jones. Pre-tax profit is forecast to improve from �41.8 million to �45 million this year. Net cash should rise from �41 million to �50.6 million by the end of September 2018 and Watkin Jones should be able to pay growing dividends and still generate �10 million plus a year of spare cash in each of the next few years. This year's dividend is expected to be 7.5p a share. The shares are trading on 13 times prospective 2017-18 earnings. The share price has been weak in recent months, although it is still nearly double its flotation price two years ago, and this provides a buying opportunity."

RNWH are featured today as one of 5 companies in the FTSE AIM UK 50 "which are growing and throwing off cash but are on much lower multiples": http://www.iii.co.uk/articles/499598/these-aim-big-boys-are-going-cheap "Renew (RNWH) Engineering services provider Renew (RNWH) recently reassured investors that trading is in line with expectations, and this led to a recovery in the share price, which had slumped earlier this year. Management did admit that the public sector has been slow in paying so work in progress is higher. It appears that this relates to the rail business. This led Numis to halve its net cash prediction to �7 million at the end of September 2018. The following year's net cash forecast has been reduced by a similar amount to �17 million. This still shows the cash generation of the business. The focus on building up a wide-ranging engineering services business, including rail, nuclear, telecons and water sectors, has helped Renew to construct a good growth track record. Not all acquisitions have gone to plan, though. Renew has got rid of the remaining operations of Forefront Group. Renew had closed the low pressure, small diameter gas pipe replacement business the medium pressure activities have been sold. The engineering order book has edged up to �433 million, but there was a decline in the specialist building order book. The building business is low margin and no longer a large part of the business. A forecast full year profit of �26.7 million means that the shares are trading on less than 13 times prospective earnings and the yield is 2.2%. Renew has a good track record. The strong balance sheet and growth potential in engineering services make the shares attractive."

IOM are featured today as one of 5 companies in the FTSE AIM UK 50 "which are growing and throwing off cash but are on much lower multiples": http ://www.iii.co.uk/articles/499598/these-aim-big-boys-are-going-cheap "Iomart (IOM) Iomart (IOM) provides managed cloud-based services and is a highly cash generative growth business. Iomart operates eight data centres in the UK and has access to a network of data centres around the world. It offers a range of services including back-up, storage, security and hosted virtual desktops. The share price is 10 times the level it was at the end of 2007. In the year to March 2018, revenues were 9% higher, suggesting a figure of about �98 million, and underlying pre-tax profit improved from �22.4 million to �23.9 million. The full year figures will be published on 12 June. The dividend could be raised from 6p a share to 6.9p a share, which would be around 2.7 times covered by earnings. Iomart has made significant investment in its data centres so net debt reached �24.5 million at the end of September 2017. Part of the investment will provide enough network resources capacity for several years. Iomart is in a good position to be a consolidator in the sector. A potential deal to buy Germany-based managed hosting company PlusServer did not go ahead last year. Iomart, itself, has attracted interest from bidders in the past. Cinven-backed Host Europe made an opportunistic, indicative bid of between 275p and 285p a share nearly four years ago. Pre-tax profit has increased by two-thirds in that four-year period and the share price is higher. Pre-tax profit could approach �28 million this year. That would put the shares on 16 times prospective 2018-19 earnings."

Http://www.ptsg.co.uk/news/keeping-department-transport-estate-moving/ "Keeping the Department for Transport estate moving Premier Technical Services Group PLC (PTSG) is delivering electrical servicing across the UK for the Department for Transport (DfT). The contract sees engineers from PTSG�s Electrical Services division carrying out work at the broad range of DfT buildings and facilities, which comprises everything from lighthouses to driving test centres. PTSG�s experts are conducting fixed wire testing and Portable Appliance Testing (PAT) at the DfT�s buildings up and down the country. Fixed Wire testing (also known as periodic testing) protects buildings and employees from the two main electrical risks � fire and electrical shock." And also: Http://www.ptsg.co.uk/news/towering-test-manchester/ "Towering test in Manchester Premier Technical Services Group PLC (PTSG)�s expertise will be called on by construction company BAM at Manchester�s world class statement building No 1 Spinningfields. PTSG will provide engineers to work alongside team Allianz, the engineering insurance provider to test and certify the prestigious site�s building maintenance units (BMUs), which are used to assist in the maintenance of the towering structure. etc"

Results are on 25th May, so not long to go. In VLE's case in particular, the numbers always lead to reflection on the true NAV of the group - just look at the spike post-results last year. The true value of the subsidiaries and cash pile is in most people's opinion much greater than the current share price, and the upcoming numbers will likely once again confirm this, especially given the excellent trading update.

Liberum retain their Buy and 79p target: Https://www.investegate.co.uk/News/broker-forecast---liberum-capital-issues-a-broker-note-on-gan-plc---prev-gameaccount-network-/806856/

At Mello on Thursday, Judith MacKenzie, manager of the Downing Strategic Micro Cap Investment Trust, gave a presentation in which she heavily featured GMAA as one of the top holdings. She pointed out particularly strongly that GMAA was completely misunderstood, and had recently been marked down simply because it was in the same sector as Air Partner following the latter's warning, whereas in fact GMAA shared very few characteristics with AIR and was a much more exciting, more reliable and less cyclical investment than AIR or other sector comparators. I also saw GMAA's CEO present to a packed room and was impressed. I thought he came across well - quietly confident and thorough. Hopefully all this will attract further interest given the cheap fundamentals and global leadership prospects. Meanwhile, good news coverage here: Http://aviationweek.com/abace-2018/gama-aviation-opens-bizjet-mro-collaboration "Gama Aviation Opens Bizjet MRO Collaboration Gama Aviation Hutchison (Hong Kong) recently announced it will be the exclusive General Sales Agent in Asia for business jet maintenance services offered by China Aircraft Services Ltd. (CASL) in Hong Kong. It is offering fixed price base maintenance packages for up to and including 3C/24 month checks for the Gulfstream G350/450, G500/G550 and G650/650ER types and the Bombardier Global BD-700 series. The deals also cover regional AOG (aircraft on ground) events, battery servicing and cleaning. CASL has FAA and Cayman approvals for the Gulfstream G350/450, G500/G550 and G650/650ER types and the Bombardier Global BD-700 series, the primary types operated in the region. Approvals for Bermuda and Hong Kong CAD are planned. Marwan Khalek, CEO of Gama Aviation (Booth H1514) noted that the collaboration marks a new milestone for the company in the region. In addition, the MRO offering will save many owners and crews the inconvenience, cost and unnecessary engine and airframe hours of flying to alternate service facilities. �Hong Kong has the capability and we are proud to represent this through our unique collaboration,� he said. Added CASL CEO Angus Cheung: �This is a historic year for CASL as we add further capability to our strong commercial aviation maintenance platform. We�re very excited �with this compelling offer to business jet owners in the region."

Great surge on Friday - looking very strong, and still good value imho. The IC had this to say on Friday: "'Patient investors were rewarded for investing in Safecharge international (SCH) in 2017 after the group's long-promised investment in building out its book of 'tier one' customers - large companies for which it builds custom payment platforms - began to pay off, leading to revenue growth of 7 percent. The group has been diversifying its customer base across industries to reduce regulatory risk. While transaction volumes and values have continued to rise, the move to lower-risk sectors has hit the group's margins and analysts don't expect the free cash flow yield to start rising until 2019. However, cash flow conversion has continued to rise and the group's dividend payment has remained as generous as ever. With the cash pile striped out, shares in Safecharge trade at 13 times forecast earnings, which is significantly below the multiple seen in recent years. With plenty of cash for acquisitions and rapid growth in transaction volumes, it still looks like a buying opportunity to us. BUY.'" I didn't realise SCH was Robbie Burns' (the Naked Trader's) largest holding per his comment on Thursday: "My biggest holding Safecharge continues a slow march up and looks like soon to break all time highs. Just a matter of patience here and hoping for a 400-450 takeout."

Finncap retain their Buy and 48p target today - almost 60% upside - along with that 4.1p EPS and 0.4p dividend forecast. That's a historic P/E of 7.4. I assume they'll issue this year's forecasts when the full prelims are released. They also point out: "The statement also implies a strong profit performance during the second half of c. �1.2m at the adjusted PBT level, compared with �1.0m in H1 and �0.90m in H2 the previous year. This better performance over H1 was driven in part we believe by lower costs associated with acquisition integration." It seems HMLH are finally seeing all those trumpeted acquisition synergies and savings finally coming through.

Excellent recent article about the introduction of the Ocean Medallion on Carnival Cruises - the inevitable initial bugs will be dealt with, but this is the future of cruising. Carnival plan to have it on all their Princess ships and then presumably over time on all the rest. Remember that the Ocean Medallion was developed by TE2, which just so happens to be an ACSO subsidiary following its acquisition. : Https://qz.com/1194838/carnival-ocean-medallion-a-disney-magicband-for-cruises/ Extract: "At Carnival, Padgett and his team quickly set out to create Carnival�s own version of the Disney MagicBand, called the Ocean Medallion. It uses AI to take the MagicBand technology to another level. Instead of just alleviating the �friction� of typical travel experiences (lines, room keys, paying for things) it will use data to anticipate what you want to do, eat, and see. �The premise behind the creation of MagicBand was to change how guests experienced their vacation, not what they are experiencing,� Padgett says. �I had this hypothesis that you could maximize guests� experiences by personalizing the experience, to increase the value of the experience while simultaneously decreasing friction so they can experience more.� It�s like what Uber did for black cars The Medallion, offered first on Carnival�s Princess cruise line, is about the size of a quarter. You can keep it in a pocket or handbag, or buy accessories like sports bands or lanyards so that the token can be worn as a bracelet, necklace, or pendant. It�s similar to the MagicBand in that it has information on you even before you step on the ship. It facilitates boarding and cuts down on wait times. It can be used to pay for things on the cruise, it unlocks the door to your room as you approach, and can be used on the ship-wide gambling platform. Carrying the Medallion means the staff knows your name and where you are. If you order a drink, they can come find you to deliver it. If you go to another bar on board, the staff already knows what you like. The Medallion also updates your information, keeping track of your likes and dislikes, what activities you enjoy, and what you consume. It anticipates other activities you�ll enjoy and the side trips you�ll want to take. The Medallion promises the sort of personalized vacation millennials crave, and what passengers on the Love Boat always somehow seemed to get. Padgett says this level of service is normally available at only the most expensive hotels and spas, but the technology has the potential to democratize it for the masses. �It is similar to what Uber did for black cars,� he says. Technology, especially AI, is normally presumed to replace people and face-to-face connections. But the Medallion does something different. Instead of replacing personal connections between passengers and human staff, the tech

Great to see Friday's "ahead of expectations" trading update. I particularly like the confident outlook comment, which promises well for the coming year: "SDI is benefitting from its acquisitions as well as from the improvements management continue to make across the whole Group. We look forward to further growth in the new financial year." Finncap seem to be playing things down prior to the prelims, so may well upgrade the target price etc further after the actual results. Hopefully there'll be another earnings-enhancing acquisition along fairly soon too. I was at Mello on Thursday/Friday, and Paul Scott featured SDI quite heavily as one to watch in his Friday morning slot, so this may attract a few newbies into the stock.

Terrific trading update today - ahead of expectations, with order books looking great, high recurring revenues, lots of confidence going forward etc etc..... Http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SND/13622803.html "Pre-close Trading Update Results slightly ahead of management's expectations; positive trading momentum maintained with strong balance sheet; November acquisition makes a good start; current order book now standing at £8 million." Sanderson Group plc ('Sanderson' or 'the Group'), the software and IT services business specialising in digital retail technology and enterprise software for businesses operating in the manufacturing, wholesale distribution and logistics sectors, issues the following trading update ahead of the announcement of its interim results for the six months ended 31 March 2018, which are scheduled to be released on 23 May 2018. Sanderson Group was expanded and enhanced by the acquisition of the Anisa Group ('Anisa') on 23 November 2017, for an enterprise value of £12 million. Anisa specialises in the delivery and support of world-class integrated supply chain and enterprise resource planning ('ERP') solutions on a global basis. The size and strength of the Sanderson Enterprise division has been significantly enhanced and Anisa has made a good start as part of Sanderson. The Group's trading results for the six months ended 31 March 2018 are slightly ahead of management's expectations with revenue and profit growing by over 30%. Group revenue was just above £14.5 million (H1 2017: £10.9 million) and operating profit (stated before the amortisation of acquisition-related intangibles, share-based payment charges, acquisition-related and restructuring costs) increased to over £2 million (H1 2017: £1.55 million). On a 'like-for-like' basis, excluding the acquisition, revenues have risen to just over £11 million (H1 2017: £10.9 million) and operating profit, reflecting a more efficient and lower cost of the delivery of Group solutions, at over £1.7 million (H1 2017; £1.55 million) is more than 10% ahead. Gross margins continue to run at a high level of over 80% and growing pre-contracted recurring revenues increased to above £8 million ('like-for-like' excluding Anisa, H1 2018: £5.9 million compares with H1 2017: £5.40 million). The Group continues to focus on building recurring revenues including growing subscription, cloud and managed services revenues. Sales order intake continues to be good and the value of the Group order book measured on a 'like-for-like' basis at the end of March 2018, was over 15% ahead of the comparable order book value at the end of March 2017. The order book is much better balanced and is now at a more manageable level across the Group's businesses. The total order book, which now includes the acquisition and reflects the remaining element of the large order ga

Short but relatively sweet trading update today confirming trading in line for last year - that means 4.1p historic EPS per Finncap, with a 0.4p dividend. Looking extremely cheap at these levels imho: "HML Holdings plc (AIM: HMLH), a leading provider of property management, insurance and ancillary services to residential property blocks, is pleased to announce that the board anticipates being able to report trading in line with market expectations for the 12 month period ended 31 March 2018. The board looks forward to releasing results in relation to this period on 26 June 2018."

A tidal wave of news at present, with more today: Http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GAN/13622744.html "Mississippi Band of Choctaw Indians selects GAN for Simulated Gaming Three MBCI owned casinos to offer Simulated Gaming in H2 2018 London & Dublin | April 30, 2018: GAN plc ("GAN" or the "Company"), a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, today announces the Mississippi Band of Choctaw Indians ("Client") as a new client of Simulated Gaming anticipated to launch in H2 2018. The Mississippi Band of Choctaw Indians owns and operates Pearl River Resort whose portfolio of assets includes Silver Star Hotel & Casino, Golden Moon Hotel & Casino, Dancing Rabbit Golf Club, and Geyser Falls Water Theme Park located in Choctaw Mississippi. The Mississippi Band of Choctaw Indians also operates the Resort's sister property, Bok Homa Casino located in Sandersville, Mississippi. Pearl River Resort is a major gaming destination for residents of Mississippi and Alabama offering 1,000+ hotel rooms together, with over 2,400 slot machines, 69 table games, 14 table elevated poker room, and bingo room which seats up to 306 players. Bok Homa Casino provides players with over 720 slot machines, 12 table games, and a bingo room which seats up to 236 players. Highlights � Major client win in a new regional US gaming market reinforces GAN's market position as the leading B2B enterprise software solution provider to 'bricks and mortar' US casino. � Fourteenth US casino operator to license GAN's US Patent to permit patrons to link reward cards to their online Simulated Gaming account and receive reward points automatically triggered by the patrons' diverse online activities. � Fifth major Native American casino operator in the United States to select GAN since the launch of Simulated Gaming. � Optional real money Mobile On-property Gaming, at the Client's election, reinforcing the relevance of GAN's real money Internet gaming capabilities in support of Simulated Gaming. Management Commentary Dermot Smurfit, CEO of GAN commented: "We are enormously privileged to bring one of America's largest and most vibrant Native American casino resort properties online with our Simulated Gaming solution. Pearl River Resort is the largest casino resort in the Mississippi gaming region and we anticipate their audience of patrons will engage heavily with Simulated Gaming." William A. Johnson III, Interim President & CEO commented: "We selected GAN for its proven success in helping casino properties to offer online gaming and for its capability to embed our on-property rewards program into an online experience. Equipped with GAN's Simulated Gaming, Pearl River Resort will now introduce our casino properties online to

"Premier Technical Services Group PLC (PTSG) is delivering a five-year contract across the UK for the Department for Work and Pensions (DwP). All four divisions of PTSG are working on the contract covering the safety of buildings in the DwP�s estate. Specialist engineers from the Group�s Access and Safety, Electrical Services, Building Access Specialists and Fire Solutions divisions are ensuring building and electrical safety and that operatives at the buildings can work safely. The contract is being delivered on behalf of FM service provider Interserve. The DwP estate comprises more than 700 buildings throughout the UK. PTSG�s work over the five-year contract will ensure that the DwP can provide safe, effective, compliant and accessible spaces across its estate for their employees and customers. Interserve PLC was awarded a five-year facilities management contract by the DwP in October 2017. The deal provides mechanical, electrical and building maintenance. PTSG�s divisions deliver consistently high-quality products and services to specialist markets that can be safely relied on at all times" hTTp://www.ptsg.co.uk/news/ensuring-safety-dwp/ Note: Interserve PLC was awarded the five-year facilities management contract by the DwP in October 2017 and was worth �227m. Interserve will provide the DWP estate with mechanical, electrical and building maintenance. The company will also provide cleaning, catering, waste disposal, removal and secure destruction of confidential waste services to over 700 buildings throughout the UK, covering over 1.3 million square metres of space. hTTps://www.investegate.co.uk/interserve-plc--irv-/rns/dwp-chooses-interserve-for-fm-contract/201710200700021236U/