Member Info for rivaldo

Good news - Peel Hunt today initiate coverage with a Buy and an 1850p target: Http://investing.thisismoney.co.uk/broker-views/

Good to see another institutional holder buying more - Swedbank now have 5.23%, or 11.53m shares: Https://www.investegate.co.uk/xlmedia-plc--xlm-/rns/holdings-in-company/201803260700058374I/

Great to see Janus Henderson (Henderson Group) have gone above 5% with 11.04m shares: Https://www.investegate.co.uk/xlmedia-plc--xlm-/rns/holding-s--in-company/201803221703166741I/ Chequemate, imo the recent weakness has been caused by unwarranted concerns over the Facebook/Cambridge Analytica shenanigans, plus the recent crackdown in a German state on gambling, where XLM have a very small exposure anyway. It's worth reiterating the point emphasised at the recent presentation - that a high proportion of XLM's revenues are recurring and come from lifetime shares of revenues from already captured gambling customers. As was stated, XLM could simply shut up shop and still be a very profitable company. I'm sure we'll get acquisition news soon from the huge cash pile. One way or another the share price should imo be back well above 200p (barring market crashes etc!).

Simon Thompson's valuation of Impetus Auto seems rather conservative to me. 83% of a historic core PBT of �3.4m could be worth �28m on a post-tax reasonably conservative P/E of around 12, particularly in view of this unusually positive declaration from VLE in the trading statement: "there remain many opportunities for Impetus in what is a very large sector" To be fair to Simon Thompson he does say �15m "or more". So Impetus could alone cover most of the current �36m m/cap, let alone the �18.4m of cash, the �2.4m or so of freehold property, Shire Foods which made �0.64m core PBT and something for Sira Defence.

Secondly from Glaws2: "I went to a management presentation yesterday - some feedback from that : � Tax rate reduced to 28% for year (from 33%)will reduce to 21% going forward � Main US trade (selling) show (World of Concrete in Las Vegas in Jan) busiest they have encountered in a decade. All customer feedback from both US and Europe is that the market is very strong and continues from the 2017 H2 strength. � See signs of growth in Middle East, Latin America and ROW � India a particular growth area � sales grew from $100k in 2016 to $745k in 2017; now have 3 people in country. Generally small scale projects, lack of infrastructure means large warehouses can�t be supported. � China expected to grow (up until now demand has been generated by multi-nationals demanding quality in the country) � are increasingly hopeful that local operatives will now buy. My gut feel � don�t see that there will be much growth here) Have been developing a machine to screed in Structural High Rise sector. Concept developed after meeting with concrete contractors identified need. This opporutinty has � New market for Somero � Different customer base � No competiton � Have not been able to quantify the market � only establish a need � Prototypes developed � been working on this for 12 months now � Expected to go into production in Q4 2019 with first revenues in 2020. In summary - management were very bullish."

elsewhere from Glaws2 and rhomboid, which I hope they won't mind me posting here. The new high rise machine sounds very exciting. I love SOM's caution and work in ensuring that the demand is out there. Firstly from rhomboid: ""I attended the same presentation but your summary is better than mine would have been , some additional points 1) they mentioned U.K. was growing strongly, one customer Stanford flooring had just ordered $1.2m of equipment.. this is them; httP://www.theconstructionindex.co.uk/news/view/buy-out-at-stanford-flooring I was intrigued to see how credit worthy these customers were so pulled the accounts and was amazed to see they have c 40 staff but make over �5m a year profit which is v reassuring in the context of Somero enjoying v high margins, it seems everyone at the top end of the concrete flooring market may be doing the same! Secondly on the new high rise product I asked could it be Somero2 ie a similar size market to the one Somero addressed with their current products back in the day. Howard as the main sales guy was nodding his head vigorously..before Jack could utter slightly more cautious but still bullish statements.. Thirdly to ensure the new product was what the market wanted they got a panel together of some industry experts over 2 days, that feedback is informing the product design, they may need some modest bought in additional engineering expertise to get it to market, they�ve already had prototypes out at work. In terms of the market size my take is they didn�t see the need to scope it accurately as they were in no doubt it was big enough to get excited about. Fourthly , they have a v flexible make to order assembly operation and they�ve never been unable to deliver in a timely fashion, because they�ve high margins they�re happy to keep inventory high to facilitate this. Finally all their products (inc the new high rise) are expected to deliver similar margins. I came away v happy with my (sizeable) holding."

today (from 2700p). Nice.... Https://www.investegate.co.uk/News/broker-forecast---berenberg-issues-a-broker-note-on-accesso-technology-group/800001/ "Berenberg today reaffirms its buy investment rating on Accesso Technology Group (LON:ACSO) and raised its price target to 3000p (from 2700p)"

Three late trades from yesterday just reported of 3.8m shares at 20p, which may well have been behind the flat reaction to the results. Meanwhile, the IC today say Buy, and their thoughts reflect mine given the expansion into the water sector and the high order book - I note that Peel Hunt again seem to have a much lower forecast than others, so can only guess they have a different calculation method: "Those who have followed our coverage of energy services group Inspired Energy (INSE) since last year will be aware of the tendency of the order book to closely predict future growth. If that trend continues, 2018 should be a strong year for the group as its corporate order book was up 39 per cent at �39m at the end of last year. Headcount in the division � the group's largest � also rose considerably to 210. But the amortisation of acquired intangibles and costs associated with three acquisitions made in 2017 dented statutory profit and earnings figures. Strip those out and pre-tax profits were up 38 per cent, while EPS rose 24 per cent. The acquisitions also pushed the net debt up 37 per cent to �14.8m, though rising adjusted cash profits meant the net gearing position reduced. Management announced two acquisitions alongside the results. The first, SystemsLink, provides energy management software while ECM, the second, provides management for both energy and water, and also adds water engineering capabilities to the group. The deals are to be funded by up to �5.9m in cash and shares. Analysts at Peel Hunt are forecasting adjusted pre tax profits of �11.1m, giving EPS of 1.5p in 2018 (2017: �8.4m, 1.3p). IC View Trading at 14 times forecast earnings, shares in Inspired are now comfortably ahead of their historic average. However, with a Bloomberg peer group average of 17.5 times and the group expanding into the water sector, we see further upside ahead. Buy."

Tipped as a Buy in today's Shares Magazine: "SHARES IN CONCRETE levelling specialist Somero Enterprises (SOM:AIM) hit an all-time high of 379p following the publication of its full year results on 14 March. The 2017 numbers were very impressive with pre-tax profit up 21% to $25.7m, a 40% increase in the ordinary dividend, the declaration of a special dividend and the continuation of a debt-free balance sheet. The company tells Shares that the performance was down to the sales team capturing business opportunities, good execution and positive market conditions. As well as winning new business, existing customers are either buying more equipment from Somero to expand their fleet or upgrading old kit with new technology � the latter particularly the case in Europe. Approximately 15% of revenue comes from sales of spare parts and components. Product development continues to be very important. For example, it is looking to engineer solutions to place concentrate on multiple stories of high-rise properties. SHARES SAYS:  This is a well-run business generating significant value for shareholders. China is the only weak part of Somero where operations have been below the board�s expectations. It continues to believe there is a bigger opportunity in this part of Asia. We remain fans of the business and still rate the shares as a �buy� despite recent share price strength."

Here's Simon Thompson's full tip for GMAA - "priced on 12.5 times this year�s likely earnings, dropping to only nine times 2019 EPS estimates" says it all, and that's before any likely earnings-enhancing acquisitions: "Gama cashed up for bolt-on deals I had an informative results call with Marwan Khalek, chief executive of Aim-traded Gama Aviation (GMAA:257p), an operator of privately-owned jet aircraft and one that has just delivered a near 25 per cent uplift in full-year underlying pre-tax profit to $17.1m (�12.2m) on revenue (including associates) up by 38 per cent to $615m. The performance was fuelled by 66 per cent growth in revenue to $388m in its buoyant US air operation, which is reaping the benefits of the fleet joint venture with BBA Aviation (BBA) and delivered a 50 per cent plus hike in operating profit to $9.1m. There should be more upside to come as the US air business �exploits organic market growth and focuses on leveraging the inbuilt opportunity [from the JV]�, one reason why Gama invested heavily in its sales force in the final quarter of 2017, the benefits from which will be seen this year. Divisional operating margins of 2.4 per cent are half Mr Kwalek�s target of 5 per cent and he sees scope for a �one percentage point improvement each year�. That�s worth noting. As anticipated, a much better margin improvement on the back of cost savings and exiting legacy contracts meant that Gama�s European air division more than doubled operating profit to $4.5m on revenue of $91.8m. The European ground division delivered decent growth, too. Interestingly, Mr Kwalek sees scope to make accretive bolt-on acquisitions for both European businesses and, with $22m funds available from a recent �48m placing, the board has firepower to do so. Importantly, shareholders are reaping the benefits of almost $14m of free cash flow generated last year as the dividend per share was hiked by almost 6 per cent to 2.75p. Moreover, expect the progressive payout policy to continue as analysts at brokerage WH Ireland predict a 27 per cent increase in Gama�s pre-tax profit to $21.8m this year, rising to $33.1m in 2019. The hefty profit increase reflects both organic growth and contributions from investments made using the placing proceeds which I outlined last month when the shares were around the current level (�Running the slide rule�, 19 Feb 2018). Gama�s shares are priced on 12.5 times this year�s likely earnings, dropping to only nine times 2019 EPS estimates, a rating out of sync with the anticipated earnings growth and I maintain my 325p target price. Buy."

Canaccord have reiterated their Buy and 380p target.... Https://www.thelincolnianonline.com/2018/03/21/safecharge-international-groups-sch-buy-rating-reiterated-at-canaccord-genuity.html

The 1.57p adjusted EPS was also ahead of Panmure Gordon's 1.5p EPS forecast. Panmure were forecasting 1.8p EPS for this year, rising to 2p EPS next year. Today's earnings-enhancing acquisitions should add somewhat to those figures - perhaps another 5% or so. Even without anything from today's acquisitions, INSE are now on a current year P/E of only 11.9, falling to just 10.75. That's pretty cheap for a successful leader in its sector.

Excellent results, with 1.57p EPS and a strong order book up almost 40% year on year. Plus also two earnings-enhancing acquisitions announced separately, costing a maximum �5.9m and bringing in �0.62m of operating profit. And that profit is historic so should have increased nicely by now. In particular, the outlook quotes "strong trading" for this year to date, with confidence in "significant progress" for the Group. It's ironic that such results should be published on the same day as UTW issues yet another RNS'd reminder of why INSE should be the preferred choice of any corporate customer looking for an energy specialist.

Numis today reiterate their Buy and 220p target: Https://macondaily.com/2018/03/21/premier-technical-services-group-ptsg-rating-reiterated-by-numis-securities.html If there are any negatives, they're to be found in the exceptionals which include very high share option costs. These are a function of the share price rise in the last year, and frankly given the terrific job that the PTSG team are doing I can't begrudge them their rewards.

Peel Hunt today retain their Buy and 3100p target: Https://www.mmahotstuff.com/2018/03/21/accesso-technology-group-lonacso-stock-rating-kept-at-peel-hunt-the-gbx-3100-00-target-indicates-36-87-potential-dextera-surgical-dxtr-shorts-down-by-15-37.html And N+1 Singer note that EBITDA was "substantially ahead" of expectations. They'll be reviewing their forecasts and target price - and anticipate increasing those forecasts by 5%-10%.

Rising nicely, and looking good chart-wise - now above the Oct'17 peak and looking upwards to 30p+.

It's the high forward visibility which contributes to WJG's attractiveness - and should make the upcoming H1 trading update on 5th April as upbeat as usual: Https://www.investegate.co.uk/watkin-jones-plc--wjg-/rns/update-on-student-accommodation-developments/201803210700033575I/ "All the developments due for delivery ahead of the 2018/19 academic year have been forward sold. Five of the seven schemes scheduled to be delivered ahead of the 2019/20 academic year have been forward sold, with the remainder now having received planning consent. Five developments, totalling 2,167 beds, scheduled to be delivered ahead of the 2020/21 academic year, have also now received planning consent." "Mark Watkin Jones, Chief Executive of Watkin Jones plc, said: "The excellent visibility in our student accommodation development business continues with this successful planning consent and further site acquisition. The demand for student accommodation remains high and this, coupled with the growing momentum in our build to rent development business, reinforces our confidence in our business model and the markets in which we operate."

Results are well ahead of expectations - for example re N+1 Singer, ACSO achieved $24.6m EBITDA ahead of $22.8m forecast. The 56.73c EPS compares to 49.8c forecast (aided by a tax credit). The $19.1m adjusted operating profit compares to $15.5m forecast PBT. This comment re Ingresso looks particularly exciting: "This acquisition has also helped us reach further into London's fragmented West End Theatre market and will, over time, allow accesso to exploit the significant inefficiencies that exist within the travel and leisure industry." And this: "Volume growth of 67% year-on-year reflects customer wins including Ticketmaster UK, opening up access to West End theatres in London" And above all: "accesso is pleased to report that the Group is showing good momentum at the start of 2018. We look forward to a promising year ahead."

Outstanding results - 9.73p EPS is well ahead of Numis' forecast 8.7p EPS. Big increase in the dividend too: Http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PTSG/13574687.html The outlook is incredibly confident, and there are some lovely extracts.... - "in the area of fire solutions, we are experiencing astonishing demand for our services" - "Trading in 2018 has started well. We continue to review a number of acquisition opportunities and the Board is confident that the Group's positive organic revenue and profit momentum will continue throughout the year" - "We continue to see exciting opportunities for both organic and acquisitive growth for all four divisions" There are lots of other choice phrases. Very happy holder!

Simon Thompson (of the IC) has written this rather bullish piece on VLE: Https://www.investorschronicle.co.uk/comment/2018/03/12/bargain-shares-beating-the-market/ "Volvere�s record results Shares in Aim-traded investment company Volvere (VLE:1,000p) surged to within pennies of a record high after an eye-catching pre-close trading statement, thus justifying my buy recommendation, at 810p, last autumn (�Exploiting hidden value�, 25 Sep 2017). I included the shares, at 419p, in my 2016 Bargain Shares Portfolio, so the holding is now up more than 125 per cent on an offer-to-bid basis. The share price move is fully justified, too. That�s because the company�s latest NAV of �26m, or 656p a share, includes cash of �18.4m, so Volvere�s three investment holdings are effectively being valued at just �7.6m even though pre-tax profit for the 2017 financial year surged by two-thirds to �3.22m on record revenue of �43m. The performance of Impetus Automotive, a provider of consulting services to the automotive sector in which Volvere has an 83 per cent stake, was the key driver. The business almost trebled its pre-tax profit to �3m on revenue of �27.1m, reflecting an improved client focus, staff efficiencies and a major contract for the management and delivery of a large automotive manufacturer's learning and development activities in the UK. Impetus is being chronically undervalued in Volvere�s accounts, accounting for only �3.3m of the company�s NAV, or just one times the subsidiary�s annual pre-tax profit. It could easily be worth �15m or more in a trade sale, or more than 400p a share in my view. Moreover, Volvere�s businesses are cash generative, which is why the board was able to spend �3.46m buying back 10 per cent of the share capital last October. But cash on the balance sheet only declined by half that sum over the course of last year. Ahead of the full-year results on 25 May 2018, I would definitely run your bumper profits."