Member Info for rivaldo

N+1 Singer have increased their price target to 226p and their EPS forecasts considerably as follows: "We have upgraded our forecasts following the completion of the acquisition of Perfect Commerce for up to $132.5m. This transformational deal positions the enlarged PROACTIS group as the sixth largest pure-play provider of ePurchasing solutions globally, as well as one of the fastest growing and most profitable. The commercial and operational synergies arising from this combination are considerable and warrant the acquisition multiples paid (max. 3.4x est. FY 2018 revenue and 19.0x est. EBITDA). Our FY 2018 group revenue, EBITDA and EPS estimates increase by 105%, 119% and 18% respectively. We raise our target price from 201p to 226p and reiterate our Buy recommendation."

Whitman Howard have issued a new note post-results, with a 95p target price and the following forecasts: this year : 7.4p EPS, 3.3p divi next year : 9.8p EPS, 3.6p divi to Dec'19 : 11.2p EPS, 3.9p divi With 76% of gross profits (ex DCC) recurring per Whitman Howard, RTC are a completely different kettle of fish than their sector comparators and should be rated at a premium as such - never mind on a current year P/E of only 8.9.

Good to see IMO attracting a new major shareholder, and international attention at that. Pie Funds Management from New Zealand have bought over 3.5%, with 2.16m shares. I note that Pie are also investors in KWS - which bodes well! Looks like Gresham House and Toscafund have both been top-slicing large holdings, so it's good to see healthy institutional trading: Https://www.investegate.co.uk/imimobile-plc--imo-/rns/tr-1--notification-of-major-interest-in-shares/201708170931262711O/ Https://uk.linkedin.com/company/pie-funds-management-ltd "Mike Taylor founded Pie Funds with the simple philosophy of outperforming the markets by investing in growth companies. He believed most fund managers were serial underperformers, and saw an opportunity to launch a specialist boutique investment firm."

Been on hols and XLM have made two acquisitions in that time :o)) Great stuff. Not only mopping up minority interests, but also diversifying further into financial services, which the markets will like. Immediately earnings-enhancing too. Up yesterday on good volumes. The price stagnation looks like a mid-season hiatus with the markets at rest. Given the excellent trading update, and with results coming soon on 11th September, there has to be a run-up between now and then and hopefully afterwards too from this cheap rating.

Loads of contract news in the last week - here's just a few: Http://www.ptsg.co.uk/news/electrical-services/ptsg-continues-lightning-protection-work-with-toyota/ "PTSG continues lightning protection work with Toyota PTSG installed a static lightning protection system to the factory’s new paint mix room which will protect both the building and Toyota’s 3,800-strong team from lightning strikes and power surges in bad weather. The group’s Electrical Services division has carried out a series of lightning protection works at Toyota’s Burnaston plant in recent years. This is just one of many contracts the Group has renewed thanks to its high-quality provision of niche services, boasting an impressive contract renewal rate of 88 per cent." Http://www.ptsg.co.uk/news/electrical-services/ptsg-handles-the-pressure-for-curo-housing-association/ "PTSG handles the pressure for Curo housing association Premier Technical Services Group PLC (PTSG) has completed a series of dry riser maintenance tests for Curo, a housing association based in Bath. Curo is a house builder and housing association with over 13,000 homes across the West of England. The company is one of largest landlords in the South West, with a diverse portfolio of affordable and market rented homes. etc" Http://www.ptsg.co.uk/news/electrical-services/ptsgs-steeplejacks-inspect-point-of-ayr-chimney/ "PTSG’s steeplejacks inspect Point of Ayr chimney A team of Premier Technical Services Group PLC’s (PTSG’s) steeplejacks has carried out a safety-critical inspection of a 70m steel chimney at the Point of Ayr gas terminal in Wales. The Point of Ayr gas terminal is located at the mouth of the Dee Estuary in Flintshire, North Wales, and exports gas from the offshore Liverpool Bay fields: Hamilton, Hamilton North, Hamilton East, Lennox and Douglas. The steeplejack team carried out a full internal and external inspection of the terminal’s large steel chimney to make sure the structure was safe and compliant. Skilled operatives also carried out internal confined space refractory repairs to the chimney lining that had been determined in an earlier inspection. Prior to undertaking the work, the team spent two years meticulously planning a rigorous safety regime in order to account for the fact that the chimney is always online. Despite the extra safety measures required not only for working at height, but on such a safety-critical site, the work was successfully carried out within the agreed timescale and budget."

Nice £20,000 buy at 729.85p this morning - I assume someone's spent this year's ISA allowance on VLE shares.

Encouraging to see a new major shareholder here, and also to see overseas-based funds taking an interest in a UK small-cap stock like CAR. Financière de L'Echiquier have bought another 500,000 shares and are up to 2.5m, or 3.44%: Https://www.investegate.co.uk/carclo-plc--car-/rns/holding-s--in-company/201708161614521994O/ They're pretty big - no wonder the price has been nice and stable. Let's hope they continue to buy up remaining stock: "La Financière de l'Échiquier , sometimes abbreviated LFDE , is one of the leading independent asset management companies in France, founded in Paris in 1991 by Didier Le Menestrel and Christian Gueugnier. In 2017, its assets under management on behalf of third parties (private and institutional investors) amounted to 7.5 billion euros, managed through a range of 14 UCITS."

Beaufort's recent summary hasn't been posted here - they retain their 23p target price and say: "Our View: Current year momentum is being maintained. Thanks to the growing profitability at vertically integrated Ayenouan, the Board has already announced the adoption of a progressive dividend policy and a maiden final payout of 0.17 pence per ordinary share for the year ending 31 December 201. As was also detailed in the Group’s recent half yearly production update, management expects to report a 22.1% increase in product sales, including CPO, Palm Kernel Oil ('PKO') and Palm Kernel Cake ('PKC'), to €18.8 million (H1 2016: €15.4 million) for the first half. This was primarily due to stronger CPO pricing resulting from higher global prices and increased CPO storage capacity at the Project, which enables an improvement in local pricing terms. As a result, H1 2017 EBITDA is expected to be materially higher than H1 2016's EBITDA of €3.1m. 2017 has also seen DekelOil become a multi-project palm oil company following the formal commencement of operations at Guitry, its second project in Cote d'Ivoire. As with Ayenouan, DekelOil is looking to develop Guitry into a vertically integrated palm oil operation including nursery, company-owned estates and a mill producing CPO from fresh fruit bunches grown by both the Company and local smallholders. In addition, the Group also announced that it had entered into discussions to acquire Norpalm Ghana Limited ('NGL'), a subsidiary of Norpalm AS, a Norwegian company which owns a palm oil production company in Western Ghana. NGL is a vertically integrated palm oil owner and operator with approximately 4,000 hectares of mature palm plantations under ownership and a 30 tn/hr mill which processes fresh fruit bunches from its own-operated estates as well as those produced by local smallholders.....There can be no guarantee that these discussions will result in DekelOil acquiring NGL, but they nevertheless demonstrate management’s confidence in its ability to replicate the success already registered. Having proven both its business model and ability to implement it, shareholders should anticipate further progress as DekelOil seeks to transform itself into a leading west African palm oil producer. Indeed, in projecting DekelOil producing as much as £2.7m free cashflow during 2017E, followed by around £6m the year after, Beaufort also expects shareholders to be provided with dividend yields of 1.7% and 2.0% for the two periods. Beaufort considers yesterday’s statement perfectly demonstrates management willingness to move its ambitious planning forward without exposing shareholders to a raised risk profile. With the shares trading on forward earnings multiples of 7.3x and 5.7x respectively, Beaufort retains its Buy recommendation on DekelOil, repeating its price target of 23p/share."

The first ever buys at 20p coming in now.

Good to see the bid price up to 12p now. I didn't see this new interview with the CEO linked here before? Apologies if it was: Https://audioboom.com/posts/6143798-lincoln-moore-executive-director-of-dekeloil-dkl-25th-july-2017 He notes: - Ayenouan could be worth in time £100m - Guitry's 50% could be worth fully executed another £100m - DKL are trading at half or less of the multiples of other palm oil companies Let's hope he's right :o))

Good to see the share price finally ticking up on a small uptrend post-fundraising. Finncap's latest forecasts are for 1.1p EPS this year, rising to 2.1p EPS next year as some of the blue sky opportunities begin to commercialise. At that rate of growth it's possible to see a 40p-50p share price in 9 months to a year's time assuming successful achievement of those forecasts.

Moving up nicely.

Berenberg have today increased their target price to 1350p (from 1150p) and say Buy: Http://investing.thisismoney.co.uk/broker-views/

N+1 Singer today increase their EPS forecast to 12.1p for this year and increase next year's to 13.2p EPS after yesterday's acquisition. They see £10m net cash at the end of this year rising to £12.3m going forward - against a £38m m/cap (basem1, I assume cash is seasonal - it was lower last H1 and increased greatly at the year end).. They see an intrinsic value of 100p+. The results are good, though not as blow-out as I'd hoped (as igoe said) due to the disappointing performance in one area (Central and South-West), which should be remedied in H2. The order book is still large, though also has slipped slightly to under £400m since the last update - presumably due to Central and South-West. Remains undervalued and a quality outfit. The share price has fallen first thing as short-termers have sold, as many were expecting blow-out results which didn't materialise, due to one area's underperformance. I'd expect a big bounce from the initial markdown to 73p or so.

New article on Printweek talking about the upcoming data security regulations, how CMS have already addressed these and how some may find them too much.... Https://www.printweek.com/print-week/news/1161883/blundell-gdpr-will-be-too-much-for-some Extracts: "Blundell: GDPR will be too much for some By Jo Francis, Friday 04 August 2017 Communisis chief executive Andy Blundell has predicted a shake-out among DM and transactional print specialists because obligations around the upcoming EU data regulations will prove too onerous for some companies." "“We are making our services GDPR resilient on behalf of our clients, and I would expect a significant proportion of our investment overall in future to be in technology and risk-related areas,” Blundell told PrintWeek. “It will probably prompt a further shakeout in transactional print in particular,” he said. “You have to question whether some of the smaller players will be able to live with that. In smaller boardrooms I can see people asking whether they want to do this anymore.”"

Looking perky. And still on a single-digit P/E given consensus 26.13p EPS this year (and 28.7p EPS next year).

Moving up nicely. Yet still only on a current year ex-cash P/E of 12 or so.

N+1 Singer will be updating their forecasts after tomorrow's results. They expect the results "to strike a positive tone following upbeat recent reports from sector peers (notably Morgan Sindall). The acquisition looks a very sensible fit, as T Clarke’s clients are demanding ever more sophisticated systems to control their buildings. The combination enhances T Clarke’s range of services in the targeted growth area of Intelligent Buildings." The acquisition alone will probably result in 4% EPS upgrades - hopefully the results themselves will prompt additional upgrades.

"James Bartholomew's Diary of a Private Investor" "Communisis (stockmarket ticker: CMS) is a company which organises mail shots and other communications for big organisations such as Her Majesty’s Revenue and Customs. It has had some difficulties in recent years and the share price fell. But the downtrend may have reached the bottom of the trough late last year and there has been some director-buying. I increased my stake at 48p per share at which level they represent only 7.5 times the current year’s expected earnings per share. There is also a handy forecast yield of 5.7pc."

Reacting well today to the Telegraph's tip.