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Great news whilst I was away on hols re the recommendations for sprinkler systems to be fitted in ALL residential buildings: Http://www.ptsg.co.uk/news/fire-solutions/riba-recommends-sprinkler-systems-in-all-residential-buildings/ And in ALL schools: Http://www.ptsg.co.uk/news/fire-solutions/fire-chiefs-call-for-sprinklers-to-be-fitted-in-all-schools/ The share price was always going to consolidate or retrace somewhat given the steep rise. But it's looking good value again now, and we should see 200p again reasonably quickly imo assuming the markets remain stable.

A new IC Buy tip article can be seen here, noting upside from the then 333p share price: Http://www.acal.co.uk/acal/uploads/featuredpress/acal-investors-chronicle-magazine-20-october-2017.pdf

overnight in Pennsylvania - it's suddenly looking good, with hopefully final approval today. This would be extremely positive news for GAN too: Https://www.onlinepokerreport.com/27081/pa-online-gambling-bill-passes-senate/ "PA Senate Passes Gaming Bill With Online Poker, Casino And Daily Fantasy Sports Dustin Gouker, October 25, 2017 17:00 PDT A bill that would legalize Pennsylvania online casinos and poker won approval from the full Senate on Wednesday night. A vote in the full House appears to loom on Thursday morning. The moves came as multiple pieces of the revenue package to fund the state budget are progressing. Last week, the Senate�s majority leader indicated that the gaming bill would be taken up this week. etc"

overnight in Pennsylvania - it's suddenly looking good, with hopefully final approval today. This would be extremely positive news for GAN too: Https://www.onlinepokerreport.com/27081/pa-online-gambling-bill-passes-senate/ "PA Senate Passes Gaming Bill With Online Poker, Casino And Daily Fantasy Sports Dustin Gouker, October 25, 2017 17:00 PDT A bill that would legalize Pennsylvania online casinos and poker won approval from the full Senate on Wednesday night. A vote in the full House appears to loom on Thursday morning. The moves came as multiple pieces of the revenue package to fund the state budget are progressing. Last week, the Senate�s majority leader indicated that the gaming bill would be taken up this week. etc"

The bid price has now moved up to 450p or so from prior levels of 415p-420p, and the spread has narrowed. Hopefully this means a seller or two has been cleared, and RNWH can continue to run up prior to the results on 21st November, which we now know will be good.

Back from hols, and surprised as everyone was about the Q3 update and the subsequent follow-up. Management have been extremely na�ve in not flagging the lower Q3 production in the interim results, and na�ve/negligent in not having satisfactory revenue recognition controls in place. Nevertheless, I do believe the share price has over-reacted, as often happens in these circumstances. Management HAVE proven that they can build from scratch and in good time a highly profitable and successful operation which can be replicated elsewhere. They now have to show that they can similarly manage successfully expectations of a PLC and its shareholders. Beaufort Securities' latest update post the Q3 production update concludes as follows - hopefully management have guided them prudently. If so, then the current share price is extremely cheap: "Beaufort considers DekelOil is capable of producing as much as �2.0m free cashflow during 2017E, followed by around �5m the year after. Importantly this demonstrates management�s willingness to move its ambitious planning forward without directly exposing shareholders to a higher risk profile. Based on modestly revised 2017E and 2018E revenues estimates of �31.1m and �35.8m, delivering fully-diluted earnings 1.60p and 2.20p respectively, the shares now trade on forward multiples of just 6.5x and 4.7x respectively while offering yields of 1.7% and 1.9%. Beaufort retains its Buy recommendation on DekelOil, while repeating its price target of 23p/share."

I'm surprised that ACL's share price has barely risen since the "ahead of expectations" update. Numis have a 370p target and Peel Hunt have a 360p target. Finncap go for 339p, but say there's scope to raise that target post-results on 28th November. They currently go for 22.9p EPS this year and 25.2p EPS next year. The steady re-rating here will hopefully gather pace soon.

New deal for ACSO which points the way to where ticketing strategy is moving: Https://www.digonex.com/digonex-and-accesso-siriusware-announce-dynamic-pricing-relationship/ "Digonex and accesso Siriusware Announce Dynamic Pricing Relationship Posted on October 24, 2017 by Digonex Indianapolis (October 24, 2017) � Digonex, a leading provider of dynamic pricing solutions, is pleased to announce that it has reached an agreement to make its services available to clients of accesso that currently utilize their accesso Siriusware ticketing and admissions solution. Under the agreement, Digonex has integrated their technology with the accesso Siriusware platform to make it easier for clients to utilize Digonex�s powerful dynamic pricing technology to accelerate revenue growth, enhance community accessibility and advance other strategic objectives. The relationship with Digonex brings a new set of capabilities to accesso Siriusware clients. Digonex develops a customized set of algorithms for each client to determine the optimal admission price for each day and then update prices over time as new data and insights are gathered. Once the recommended prices are approved by the client, Digonex�s solution also automatically creates the �pricing rules� required to implement the new prices in accesso Siriusware�s platform. �We are thrilled to be part of the Accesso Siriusware community�, said Greg Loewen, Digonex�s Chief Executive Officer. �Accesso has always focused on providing its clients with world-class functionality and we are looking forward to helping them optimize revenue through the implementation of our customizable, fully-automated dynamic pricing solutions.� �We are delighted to be working with Digonex�, said Mark Danemann, President of accesso Siriusware. �We have always focused on providing our clients with innovative tools to drive revenue and through our new relationship with Digonex, our clients now have seamless access to best-in-class dynamic pricing solutions.�

I note that there's been progress in Trump's tax reforms, which would lower the top corporate tax rate from 35% to 20%. The bill is hoped to be passed by the end of November. This would dramatically cut SOM's tax rate and obviously greatly increase post-tax profits and EPS at a stroke. SOM have released a new product which they're making quite a fuss about: Https://www.somero.com/2017/10/24/press-release-somero-s-22ez-laser-screed-machine-now-available/ "Press Release: Somero� S-22EZ Laser Screed� Machine Now Available Posted October 24, 2017 New features designed to increase profitability and boost productivity Fort Myers, FL � October 24, 2017 � Somero� Enterprises, Inc., a leading manufacturer of technologically advanced concrete placing equipment and associated machinery, is pleased to announce the launch of its new S-22EZ Laser Screed� machine. The most technologically advanced model available on the market today, the S-22EZ includes all of the same cutting-edge features and benefits as the Somero S-22E model while incorporating a variety of new enhancements � inspired by customer and operator feedback � specifically designed to improve floor quality, increase profitability and boost productivity. The major advancement on the S-22EZ is the incorporation of a new EZ Clean Head. The EZ Clean Head includes a rolled profile on the auger support beam and pivots 90 degrees to make cleaning faster and easier than ever before. Additional enhancements on the S-22EZ include a uniform body profile, increased storage with LED lighting, LED work lights, illuminating fuse panel and oil sprayer mount. The S-22EZ also comes equipped with a hose reel when you purchase the optional pressure washer, and head transport stands are now standard. Along with these advancements, the S-22EZ features 360� machine rotation, a 20 ft. (6 m) telescopic boom, customized OASIS laser control system and Quick Grade Set. Integrated diagnostics and full-time, automatic valve calibration make operating the S-22EZ simple and keep the machine operating at optimum levels. The optional Roller Plow enhances performance when placing challenging mixes such as those with integrated fibers, large aggregate or low slump. What further differentiates the S-22EZ is the optional Somero Floor Levelness System�, which is the first technology of its kind designed to monitor Laser Screed machine performance and alert the operator of any issues in real time. Several other machine options are available to meet customer needs, including head size, rotating screed head and extra storage."

RNS out, with interims to be released on Tuesday 21st November and analyst meetings and presentations to follow. Given the bullish outlook in the 28th June prelims, and with no problems mentioned in today's RNS - plus a Tuesday release augurs well - I'd expect the numbers to be nicely in line at the least: "Outlook The 2018 financial year has started well with trading in line with expectations. We have good earnings visibility thanks to our long-standing client relationships, pipeline of new deployments and high mix of recurring, repeating and transactional revenues. We believe that, as managing mobile and digital touchpoints become critical for all organisations, we can continue to grow our client base across all regions and increase the size of each relationship. We intend to accelerate growth through our partnership strategy, including seeking out international partners, and are increasingly confident after the early wins we have had this year."

Back from hols and delighted to see XLM making good progress again. The divi was a non-issue as far as XLM is concerned - it was the registrar's problem and responsibility, and hopefully they will be required to recompense XLM as a result. Meanwhile I'm sure some people were spooked into selling, which is a shame. The key point whilst I've been away has been the continued extremely large director share buying - �500,000 of such buys in 3 days is a pretty convincing signal.

Back from hols, and noticed some large-ish transactions earlier this week followed by an immediate rise on some buying. Hopefully this means another overhang/seller has now been cleared. Forecasts are 25.1p EPS this year and 28.02p EPS next year. GMAA remain far too cheap imo.

Lovely move up whilst I've been on hols. Much more to come imho.

Just back from hols! And thrilled by KWS' latest acquisition - "transformational" is sometimes overused, but this is genuinely so. KWS is now an 11-bagger for me from my initial purchase, but I see every reason to continue to hold for more. The lack of comment here seems fairly typical of bulletin boards - sadly, most still appear to be obsessed with striking lucky with resource companies or penny shares rather than identifying growth companies like KWS. Numis say Buy and have upgraded to an 1865p target price, with good coverage in this article: http://www.proactiveinvestors.co.uk/companies/news/186181/keywords-studios-tipped-to-work-its-magic-on-slumbering-vmc-186181.html "Keywords Studios tipped to work its magic on slumbering VMC 10:49 25 Oct 2017 Keywords announced a big acquisition yesterday and it may have added "a sleeping giant" to its portfolio Numis Securities has given the thumbs-up to the acquisition of VMC by Keywords Studios PLC (LON:KWS) and upgraded the stock to 'buy' from 'hold'. The technical services provider to the video games industry has a history of shrewd acquisitions and Numis said the latest one is �at a typically attractive valuation� albeit, at 11.5 times annual earnings, a tad higher than usual, reflecting the scale of the company being acquired, which is three times the size of Keywords' previous largest acquisition. �Based on the expected total cash paid of c.$71m, Keywords is acquiring VMC for 1.25x trailing revenues and we estimate a post synergy P/E [price/earnings ratio] of 11.5x,� Numis said, as it readjusted its target price to 1,865p. For comparison purposes, Numis noted Keywords itself is valued at six times 2017 pro forma revenues and trades on a P/E of more than 50. In addition to US$2.5mln of targeted synergies, VMC brings two new service approaches to Keywords: 1) embedded technical services; 2) the "Global Beta Test Network", described by Keywords' chief executive Andrew Day as �testing games in a real world scenario". Numis said VMC's embedded technical services expertise could open the door to �long hoped-for broader outsourcing contracts�, which in turn could deliver significant longer-term organic growth. �We model VMC delivering flat revenues in 2018, and look for improved processes to generate growth in 2019,� Numis said. In yesterday's analysts' call, Day noted the significant disparity in VMC's margins and Keywords' own, and expressed confidence that Keywords could get VMC's margins up to Keywords' level. �VMC's revenue excluding discontinued low margin contracts has been flat over 2015-2017, which we think is a poor result in a growing market, and we think better execution should deliver an improved performance in due course,� Numis said."

RNS - the buyback was taken up in full. However, all but 18,000 of the shares were sold by Andrew Cohen (who's retained almost half his prior holding) and the Landers. Not many other sellers out there then..... Https://www.investegate.co.uk/volvere-plc--vle-/rns/result-of-buy-back--pdmr-dealing-and-tvr/201710131435015977T/

http://www.edisoninvestmentresearch.com/edison-tv/clip/executive-interview-accesso-technology?utm_campaign=949360_Executive%20interview%20-%20accesso%20Technology%20Group I hadn't appreciated until now that ACSO's July acquisition The Experience Engine (TE2) was behind Carnival Cruises' introduction this year of its Ocean Medallion device on 100 cruise ships. Having looked again at the acquisition RNS it confirms that Carnival are a TE2 client..... Here's just one article on TE2 and Carnival (there are lots of others): Https://venturebeat.com/2017/01/21/how-te2-is-helping-carnival-manage-a-fleet-of-wearables-on-100-cruise-ships/ Kudos to TB once again - he's spotted the market leader early and nabbed it for ACSO.

Wow - 75,000 shares bought at 2100p :o)) That's �1.58m spondoolies.....

VLE presented in London last night. Three posters on another board attended, and all came away pretty impressed as follows: "I went along last night, and saw Jonathan Lander present for 40 minutes, as part of a 2.5 hour session with a top City Lawyer and Creightons also presenting. A large audience for an event like this...perhaps 40 Investors and it was standing room only for those that were late...and not enough Pizza ordered to satisfy them when the food arrived at the end! ....The second part reviewed the history of VLE since 2002. Reminded us that every deal done since then has been successful, and that the share price is now 850% higher than at the IPO. Typical Investment period 3-5 years. Final part was about the current business, and clear that Shire runs itself, Sira is tiny, and JL spends significant time at Impetus. Clearly JL could not give any new information away which was not in the public domain. He was a very confident and charismatic presenter. They are constantly reviewing opportunities, but clearly JL is not going to take any undue risks with a large purchase which could undo all the work of the last 15 years in building this up. I think dividends would be considered at the appropriate time after the year end, but more on the basis of it being a proportion of that year's post tax earnings...rather than a big Special, using some of the Cash Pile. I for one agree with that, as the Tax ramifications could eat into that lovely SOTP valution excess over current price. I am more convinced than ever that this is a LTBH for me, and one to buy more on any dips where the gap between SOTP and market price widens beyond its already large gap. I love the fundamentals, think Impetus will continue to grow and develop at pace, and when you meet him, JL is hugely impressive." "I went too. Agree with comments about JL. Comes across as very astute and, most importantly for me, risk averse, so I guess they'll patiently continue sniffing out these fantastic low risk/big reward turnarounds, hopefully for years to come. For such an illiquid share I hold what should be an uncomfortable number, but everything I heard will encourage me to hold pretty tightly. There might be some bumps in the road but the chances of something really bad happening here seems as low as pretty much any UK listed company IMO. A few questions from PI's about dividends. Really, there are so many truly dim PI's. Who needs divis when the share price is up 750% since float?! Durrrrr!" "I too attended..and no it wasn�t me that asked about dividends 🙂 I�m in the can�t envisage selling camp , and may well be be adding as & when stock is around One interesting point was JL mentioned that having a big lump of cash on show in the accounts definitely helped with the number of deals they were offered , he also said their speed of execution was a key source of competitive advantage as so ma

Around �130,000 of net buys today have at last caused a move up. Hopefully the dam is about to burst and we'll see a large breakout upwards now.

Peel Hunt have reiterated their Buy and 25p target, and Panmure Gordon similarly with their Buy and 23p target. The latter conclude as follows (with the P/E's based on a higher 19.3p share price): "Valuation: after a strong run, the shares of both INSE and UTW have come off this month, leaving INSE with 19% upside to our fair value level. The shares currently trade on an undemanding PE of only 10.7x (Dec�18) falling to 9.6x (Dec�19) for 20%+ expected top line growth on 35%+ margins. We expect upgrades to consensus earnings forecast in due course, and remind investors that the recent move into the large and ripe Irish market affords the possibility for incremental good news on new business. Buy."