Member Info for rivaldo

My prior post stated I didn't think VENN would achieve Hybridan's forecasts this year - I reckoned on a €600k PBT rather than Hybridan's €1.27m PBT. Well whaddyaknow - Hybridan's new forecast is €0.77m PBT, with €0.9m EBITDA. So I wasn't too far off :o)) They "understand that the pipeline remains strong and should significant deals land in Q3 or early Q4 there remains the possibility of upgrades." VENN have: - €2.9m of cash (forecast to rise to €3.1m at the year end) - £1.25m of shares in Integumen PLC - trade on an EV/EBITDA of only 6, with sector deals being struck between 13 and 25 - should have €18.5m of revenues this year - now more realistically forecast to make €0.77m PBT this year Pretty good against a mere £7.5m m/cap.

Bargain time imho, especially given the high forward visibility, with the MMs screwing sellers on tiny volumes. Beaufort are positive this morning (didn't get proof-read though!): "Our View: Petards reported a strong performance for H1 FY2017, continuing its recent progress by winning several contracts for its eyeTrain systems. In particular, the £4.3m contract secured from Stadler was an important step forward for the Group as it further strengthens its product position as 'system-of-choice' across the industry. Stadler is a well-known, global system provider of train manufacturing and maintenance services, operating in 18 countries with 7,000 employees. It manufactures a wide range of products, including high speed trains, intercity, regional and commuter trains, trams, tram-trains and underground trains. Successful delivery of the current project brings potential for long-term relationship to roll-out Petards' various products to other vehicles manufactured by Stadler. An addition of Stadler lead to 6 of the world's top 10 rolling stock manufactures now in Petards' customer list, with 4 of which have current projects with the Group (Stadler, Siemens, Great Western Railway and Hitachi Rail Europe Limited). Post period, the Group also won a £1.0m contract from the Ministry of Defence and £0.5m from Leonardo MW (previously Agusta-Westland). The Group's order book at the period end increased by +20% to c.£24m, of which £8m is scheduled for delivery in the H2 FY2017 and £11m for FY2018, providing excellent visibility. Petards ended the year with good cash position of £1.5m with no debt, after financing product development and projects from own resources. As such, the Board anticipates positive cash flows to return in Q3 and Q4 FY2018 as existing contracts progress to advanced phases. The Share have increased by approximately +60% year-to-date, currently valued at FY2017E and FY2018E P/E multiples of 13.0x and 11.9x, having seen its shares fall back in May after its Chairman reduced its holdings (now 3.2% holder). In view of the continue positive progress along with a strong order book, Beaufort retains its Speculative Buy recommendation on the Shares.

Another new contract. Quite a prestigious one too: Https://www.ideagen.com/company/news/halewood-international-ltd-launch-ideagen-q-pulse/ "Halewood International Ltd launch Ideagen Q-Pulse as its UK-wide quality management system 12 September 2017 "Major drinks manufacturer, Halewood International Ltd , is to launch a UK-wide quality management system using software from Ideagen. The producers of Crabbie’s, Lambrini and Red Square Vodka – among other brands – will adopt Ideagen Q-Pulse for the management of key operational documentation such as quality policies, specification information, consumer feedback and internal and external audits. Q-Pulse will become the company’s single quality database ensuring Halewood’s sites, customer and consumers in the UK have access to a central area of communication and information. The UK-project could also extend across its global operations including Romania, South Africa and China. Neville Clifford, Halewood International Ltd’s Technical Manager, said Q-Pulse would bring an end to each site operating individual quality management systems. He said: “Currently there is no single point of information for our products and other areas such as the general management of quality. Each of our sites are operating as individual businesses. “The principle driver for this project is to have a single, central quality management system so that all of our staff and sites are working to correct policies and procedures. For example, if we decide to change the ingredients for one of our brands, it will be centrally controlled and communicated to ensure there are no deviations or areas of confusion. “We require documents such as our quality policy to be freely and quickly available at all sites. Q-Pulse provides us with that set-up and gives us the chance to communicate to everybody within the business through one central and electronic portal.” Halewood International Ltd’s corporate set up includes several manufacturing, packaging and bottling plants. As well as its UK headquarters in Liverpool, it has five other sites across the UK and several globally including a manufacturing winery in Romania, bottling and fermenting plant in South Africa and contract pack operations in China and Myanmar. As well as Crabbie’s, Lambrini and Red Square Vodka, Halewood’s other leading brands include JJ Whitley Gin, Pogues Whiskey and Willow Water. Neville added: “Q-Pulse will be the system that will tie all of our UK sites together. It will become our central quality system where our staff will be able to share information across multiple sites. We are looking forward to seeing some real, operational benefits from using the system.”

FYI here's all the latest forecasts. Consensus is 12.76p EPS this year and 15.31p EPS next year. That's a P/E of only 10.9 falling to 9.1. And the PEG is just 0.54, making CAR extremely good value. 2018 2019 Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) N+1 Singer 12-09-17 BUY 12.30 12.50 15.00 15.04 Peel Hunt 12-09-17 BUY 12.68 12.99 15.39 15.56 2.00 FinnCap 12-09-17 HOLD 12.30 12.60 14.80 15.20 Edison 07-09-17 None 12.50 12.90 14.98 15.20 3.90 Equity Development 07-09-17 None 12.36 12.80 15.02 15.50 1.50

All over the TV and radio this morning - only 2% of council owned tower blocks in the U.K. have sprinkler systems, and recommendations post-Grenfell that .they should be compulsory. The timing of yesterday's acquisition of a sprinkler system installer and maintainer is perfect - and shows (once again) great foresight by PTSG's management: Long article on the BBC web site, but just one extract showing what this could be worth: Http://www.bbc.co.uk/news/uk-41148672 "Grenfell fire chief calls for sprinklers in tower blocks By George Greenwood & Katie Langton BBC News 2 hours ago" "Croydon Council, in south London, has taken the decision to retrofit sprinklers in its 25 high-rise blocks at a cost of £10m. Councillor Alison Butler, Croydon's deputy leader and cabinet member for homes, regeneration and planning, said: "Grenfell changed everything. It was horrifying."

Cenkos have increased their earnings forecasts to 13.6c for the current year (was 13.4c) and 14.6c for 2018 (was 13.9c). XLM have almost 10% of the m/cap in a near £30m cash pile after August's acquisitions, so the ex-cash P/E drops to only around 12.5 for this year and 10 going forward. Cenkos also forecast a 7.6p dividend this year and an 8p dividend next year. That's well over a 5% yield. Not bad when imo there should also be a significant capital uplift from here too....

Fine start today after a great finish yesterday. New recent highs now, but still lots to go for imo.

Looks like an incredible bargain of an acquisition! £2.5m maximum being paid for £0.8m PBT and £0.7m net assets. Plus it's for a sprinkler systems installer and maintainer - perfect in the current post-Grenfell climate: Http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PTSG/13359092.html "PTSG, the niche specialist services provider, is pleased to announce that it has extended its fire safety solutions business to encompass the installation and maintenance of sprinkler systems through the acquisition UK Sprinklers Ltd. Based in Bury, UKS is a specialist in the installation of sprinkler systems. It has been acquired for a total consideration of up to £2.5m, comprising an initial cash payment of £1.3m, two fixed deferred cash payments of £0.1m payable on the first and second anniversaries of completion and a contingent payment of £1.0m payable over three years, subject to the business achieving stretching and escalating milestone profitability targets in each of those periods. The deferred consideration can be paid in cash or shares at the sole option of PTSG. Unaudited revenue of UKS for the year ended 31 January 2017 was £3.5m, delivering a profit before tax of £0.8m. Unaudited net assets at the same date were £0.7m. The businesses will be integrated into PTSG's Fire Solutions business. Mike Charlton and Steven Griffiths of UKS will remain with the Group and work with PTSG's management team to grow and expand the acquired business. Paul Teasdale, CEO of PTSG, said: "We warmly welcome UKS to the PTSG Group. The business is well established and respected in the UK and their addition to the Group expands our service offering in our Fire Solutions business. We look forward to working with Mike and Steven and their colleagues on growing the business and expanding the Group's activities in these key areas."

Decent results, but the outlook and likely new large contract are the key. Happy to hold for a re-rating.

Good to see someone spotting what's happening here: Http://citywire.co.uk/money/david-kempton-two-new-share-buys-and-two-howlers/a1048162?ref=citywire-money-latest-news-list "I have added to my T Clarke (CTO) shares, encouraged by its acquisition of building management services provider Eton Associates last month. T Clarke is much more than a boring old electrical contractor; apart from a record order book, up 23% at nearly £400 million, electrical demand is growing strongly. We need it for our banks of computers, mobile phones and soon robots, virtual reality and artificial intelligence – it is even involved in developing facial recognition building entry systems. On a projected year price-earnings ratio of 6.9, price to earnings growth ratio 0.8, dividend yield of 4.1%, cover of 3.5 times and cash of £9 million, the shares look too cheap and I’ve just bought some more."

Nobody was expecting much from this H1, so good to see a small core profit, particularly given the project delay outlined today. VENN have approaching £3m cash, so another acquisition may still be on the cards. Not many specifics as regards H2 performance except a general optimism re numbers of clients, recurring revenues etc. Given the cash and revenues I'm of the opinion that VENN is very undervalued. It's hopefully a question of a contract win or two, a steady improvement in PBT and/or another acquisition to kick-start a re-rating. The MMs are fleecing sellers - down 9% on just £20k traded!

As already flagged in the trading update, the H1 headline numbers aren't great, but the H2 outlook is extremely positive. Moreover, the headline numbers declined mainly due to one-offs including (1) the historic customer base reshape, (2) one-off finance income last year and (3) higher tax charges this H1 relating to prior years. These are all non-recurring. The MMs are fleecing early sellers/profit-takers - down 7% on just £200k traded! Hope not too many get suckered/stop-lossed/panicked into a rash move. The outlook is fine: "The Group has enjoyed a strong start to the second half of 2017 benefiting from the launch of new clients, many of whom had started processing on the Company's global acquiring platform by the end of the first half of the year. The Group is confident that its focus on higher quality earnings driven by its healthy pipeline will yield revenue growth in 2017 and build even stronger profitable momentum in 2018 and beyond." With a $113m cash pile - which will increase greatly in H2 - SCH remain a sound investment imho.

WHI say Buy today, with a 42p price target. They see 2.12p EPS this year rising to 2.31p EPS next year. That's a forward fully diluted P/E of only 11.7 now, and an adjusted EV/EBITDA of less than 6. They point out that the order book has increased by 20% to £24m since the start of the year, giving excellent forward visibility.

Sound H1 results, with prospects good across all 3 divisions and a particularly optimistic outlook. A few early profit-takers, but every reason to hold for a further re-rating imho: "It is encouraging that we are continuing to see a flow of new opportunities across all of the Group's target markets with a particular emphasis on the UK rail market which continues to generate a good level of potential new business. The results for the first half of the year and a strong order book that includes almost £8 million of revenues scheduled for delivery in the second half of 2017 and nearly £11m for 2018 providing good support for the current year and a foundation for 2018. Against this backdrop and on-going customer discussions for new projects, the Board continues to be confident about the Group's future prospects." This section also reads very well: "Several of the new orders for eyeTrain systems have embodied requirements for additional functionality such as automatic selective door opening (ASDO) and driver only operation (DOO) which materially increases the software content of our systems. This is becoming increasingly essential for train operating companies to increase capacity and efficiency within rail networks. Consequently, eyeTrain is establishing itself as a core system for train operators in addition to its role in security, surveillance and passenger and train safety."

The CEO has just bought 148,148 shares at 135p. A rather big vote of confidence: https://www.investegate.co.uk/xlmedia-plc--xlm-/rns/change-in-director-s-disclosable-interest/201709111450014061Q/

And Berenberg reiterate their Buy and 170p target: Https://www.dispatchtribunal.com/2017/09/11/xlmedia-plcs-xlm-buy-rating-reaffirmed-at-berenberg-bank.html

Peel Hunt have reiterated their Buy and 200p target for CAR: Https://ledgergazette.com/2017/09/09/carclo-plc-car-stock-rating-reaffirmed-by-peel-hunt.html

Very, very good results today. As usual. Including a 3.1p interim dividend! https://www.investegate.co.uk/xlmedia-plc--xlm-/rns/interim-results/201709110700042987Q/ Plus $43m of cash on the Balance Sheet. Plus further diversification away from gambling into financial services and cyber-security. XLM really need to be re-rated significantly from here. The outlook is terrific: "We are delighted to report another record period of strong profit growth for the Group. The combination of both organic and acquisitive growth has accelerated our progress extending our business into new verticals and new geographic regions. "Current trading remains strong and we are confident that the ongoing implementation of our strategic focus will continue to yield excellent results, underpinning the board's ongoing confidence in the Company's near and medium term prospects."

Very encouraging RNS today: - the UK Dry Risers acquisition has performed so well that the full deferred consideration is due - the owners have requested that the £860,000 consideration be paid in shares in PTSG rather than in the previously arranged cash. This shows a terrific confidence in the business going forward....

Another two contracts - I particularly like the 10-year recurring income in the first one:: http://www.ptsg.co.uk/news/access-safety/new-ptsg-contract-keeps-insurers-covered-at-100-leadenhall-street/ Premier Technical Services Group PLC (PTSG) has been awarded a long-term contract to provide inspections of access equipment at The Chubb Building, 100 Leadenhall Street in London. 100 Leadenhall Street is the headquarters of Chubb, the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The building is a 10-storey high-rise building located in London’s prime EC3 insurance location. As part of the inspection contract PTSG’s Access and Safety division will deploy cradle maintenance engineers to perform yearly inspections and servicing of the building’s cradles for the next 10 years. http://www.ptsg.co.uk/news/electrical-services/ptsg-rules-britannia-with-new-contract-at-music-site/ Premier Technical Services Group PLC (PTSG) has been awarded a lightning protection installation contract at a landmark residential development in Ilford’s town centre. The Britannia Music Site will feature 354 new homes in a mix of one, two and three-bedroom apartments in a range of blocks including a 24-storey tower. The development was acquired by property company Durkan in 2007, who have worked with JLL to bring it to market as an investment opportunity. The development features heavily in the Ilford Housing Zone Plans and will deliver a key part of the town centre’s regeneration. Engineers from PTSG’s Electrical Services Division will attend the Britannia Music Site to install lightning protection systems to a range of new apartment blocks. All systems will be fitted to BSEN 62305 standards and will protect the development from potential structural damage and ensure the safety of residents in the event of a lightning strike.