Member Info for rivaldo

Tipped... Http://www.aol.co.uk/money/2017/07/17/2-hot-value-stocks-for-growth-and-dividend-hunters/ "2 hot value stocks for growth and dividend hunters By The Motley Fool 17 Jul 2017, 12:19 Investor appetite for Acal(LSE: ACL) shows no signs of slowing down. Just today the electronics play hit new record tops north of 300p per share, taking total gains during the past three months to 29%. This comes as little surprise as sales volumes accelerate and Acal banks the benefits of sterling's slide. The business saw revenues glide 18% higher in the year to March 2017, it advised last month, to £338.2m. On an organic basis revenues rose 6%, the small-cap witnessing improving sales and order growth as the year progressed. And Acal's record order book of £109m as of March -- up 22% at real exchange rates or 13% organically -- suggests that revenues should continue to pound higher. Profits hero It comes as little surprise that the City expects Acal's long-running growth history to continue with earnings rises of 8% in the years to March 2018 and 2019 respectively. As a consequence, Acal changes hands on a forward P/E ratio of just 14.1 times, falling comfortably within the widely-considered value territory of 15 times or under. This is striking value given Acal's improving momentum. Those seeking access to hot dividend growth dynamos need to give special attention to the Guildford firm too. Last year's 8.5p per share is anticipated to march to 9.3p in the present period, and to 9.7p during fiscal 2019. Subsequent dividend yields clock in at a very-handy 3.1% and 3.2% for this year and next. And I expect shareholder rewards to keep marching higher in line with profits."

I've prepared an updated valuation of VLE elsewhere which I thought people here might be interested in. There remains substantial upside imo. VLE is a holding company acquisition and turnaround vehicle. The current market cap is £29.56m at 725p, with 4.076m shares in issue. This compares to £26.6m of net assets at 31/12/16, i.e 653p per share at that time, including £20m of cash, i.e 490p per share. Add in realistic valuations for VLE's investments in Sira Defence, Shire Foods and Impetus Automotive - all of which could be sold at any time as per prior sales of companies which have been turned around - since their valuation in the accounts is negligible, and one can reach a valuation much in excess of the current m/cap . Based on the potential disposal values below, which equate for Impetus, Shire and Sira to an additional £20.7m or 508p or so per share, and subtracting say 100p per share for net assets disposed of, that's an additional 408p per share or so of NAV residing in the investee companies. That's a total valuation of around 1061p per share, compared to the current 725p share price. VLE now comprises: (1) The £26.6m of total net assets, i.e 653p per share (2) 80% of Shire Foods - could be worth £8m (see below) (3) 83% of Impetus Automotive - could be worth say £11m upon turnaround (see below) (4) 100% of Sira Defence (see below) - could be worth £0.7m (see below) Shire Foods, which manufactures frozen pies, pasties and other pastry products for retailers and food service customers, is now seeing the fruits of its turnaround post-acquisition in July'11 for £0.5m, with £15.2m turnover in 2016 and a £1.15m PBT. Shire also owns around £2.4m of freehold property and substantial additional plant and equipment. Including the latter, on a cautious post-tax P/E of 7 Shire could be worth say £9m to a purchaser, i.e £7.2m to VLE. Impetus Automotive (IAL) was acquired in March'15 for only £1.26m. For this VLE got: - £1m of net assets - £12m-£15m of turnover - a company previously making £1.5m PBT who appear to have had a bad year in moving to a small £0.1m loss. IAL provides "consulting services to the automotive sector, including vehicle manufacturers, dealerships and national sales companies. The company, which has UK offices in Warwick and Cranfield, employs approximately 200 people serving clients in the UK and a number of other international markets. In April 2017 IAL won responsibility for the management and delivery of a large automotive manufacturer's learning and development activities in the UK. Http://www.impetusautomotive.com IAL achieved £17.4m turnover in 2016 and a £1.5m PBT. Assuming say £1.8m PBT in 2018 IAL could be worth say £15m to a purchaser on a cautious post-tax P/E of 10, i.e £12.5m to VLE. Sira Defence has £400,000 of annualised revenu

Excellent - I calculate that's around £460,000 of shares purchased by the Board. A substantial vote of confidence: Https://www.investegate.co.uk/ncc-group-plc--ncc-/rns/director-pdmr-shareholding/201707191340075304L/

Great post Bio_tango, many thanks. Any other info or impressions gleaned from the presentation? I'm extremely interested as I agree there could just be big upside here as I like the "new" management and the way they're going about things. Here's the official launch news for the new Android tablet: Http://www.touchstar.co.uk/blog/ts3200android "New TS3200 Rugged Android Tablet 14 July 2017 TouchStar launch the ultimate shock-absorbent tablet for the Fuel Delivery Industry Manchester, UK – 14th July, 2017: TouchStar Technologies PLC, specialist in the design, supply and support of rugged mobile computers, has announced the release of the TS3200 tablet mobile computer. Drawing on over thirty years of experience of manufacturing mobile technology, TouchStar has built the TS3200 around three core principles: durability, safety and ease of use. Designed to be rugged from the inside-out, each of the TS3200’s components are housed in an ultra-shock-absorbent rubber matrix. This unique approach to shock dispersal differentiates the TS3200 from its competitors by placing durability at the heart of the device, rather than adding a boot or bumper as an afterthought to the standard tablet. The result is unparalleled protection from shockwaves and vibration that can dramatically reduce the lifespan of crucial hardware. Operations Director, Jon Hall, added: “In making the TS3200 we changed our approach. We designed the tablet to be slimmer, smarter and stronger than its competitors starting from the inside out.” The cradle’s revolutionary magnetic dock and lock system facilitates one-handed docking, locking and rapid removal in landscape or portrait orientation. Once docked, the TS3200 becomes the nerve centre of in-cab operations with minimal dashboard clutter and maximum driver visibility. Going mobile is effortless due to the lightweight, ergonomic shape and 7” glare-proof screen. Operational in even the harshest environments, the TS3200’s IP65 rating provides full protection against dust, water and oil ingress. It is fully compliant with the ATEX IECEx directive, allowing safe use in potentially explosive environments, such as fuel distribution. The unit can also withstand drops of up to 1.5m on to concrete and operate in temperatures of -20o C to +50o C, marking it as the most rugged terminal in its class. The TS3200 runs on Android 6.0.1, with additional features including front and rear-facing cameras, a high specification barcode imager and 3G, Wi-Fi and Bluetooth communication systems. For further information visit http://www.fuel-logistics-it.com/solutions/mobile-computers/atex-in-vehicle/ts3200-android "

Here we go, this is just the start of the fire safety testing work to be had post-Grenfell.... Http://www.ptsg.co.uk/news/electrical-services/ptsg-on-hand-for-morgan-sindall/ "PTSG on hand for Morgan Sindall Premier Technical Services Group PLC (PTSG) has successfully completed a large maintenance project for Morgan Sindall over just one weekend. Morgan Sindall is a British-based construction services business headquartered in London. It was founded in 1977, and has since grown to employ around 6,000 people across its six divisions. PTSG’s wet and dry riser maintenance division was brought in by the construction company to test 18 sites in its portfolio. This work required a quick turnaround, and the Group’s maintenance teams were able to complete all tests and inspections by the end of the very next day. The tests carried out at these sites ensure that each building is safe and compliant, and that its fire safety systems are always able to operate at their full capacity. PTSG is the leading specialist installer of wet and dry riser systems in the UK and this maintenance service forms part of its broad package of fire safety services. The Group’s wet and dry riser engineers have worked on a wide range of projects throughout the country, including prestigious contracts at the Olympic Park and Anfield Stadium."

Hmmm. Given a current year P/E of just 6.8 falling to 5.2, plus lots of potentially big news flow from the likes of Guitry and Norpalm, it's extremely tempting to top up here: "DekelOil Public Limited (DKL.L, 11.38p) – Buy Our View: Further excellent progress! Management has confirmed its expectation for another set of record half yearly figures, in terms of revenue, EBITDA, and net profit after tax. The mechanical issues which prevented the Mill from being fully operational during Q2 and resulted in marginally lower year on year CPO production in H1 was frustrating, but the plant has since been restored to full operational capacity. As well as stronger international prices, DekelOil’s strong financial performance is also due to the commissioning of an additional storage tank which assisted in maximising pricing during the period. This means that last year's first half EBITDA of €3.1 million is set to be exceeded and that Ayenouan is proving to be a highly cash generative platform upon which a leading West African focused palm oil company is now being built. This experience, also provides the Board with confidence to move forward with plans to develop a second project in Côte d'Ivoire at Guitry, with discussions continuing regarding the proposed acquisition of Norpalm, a producing palm oil project in Ghana. Norpalm owns some 4,000 hectares of mature palm plantations and operates a 30 tn/hr mill which also purchases FFB from local producers. As such, it sells 15,000 tonnes of crude palm oil into the domestic Ghanaian market, and also operates a PKO press which produces c.2,000 tn of PKO in the Ghanaian market. Given that the discussions are still ongoing, there can be no guarantee that it will proceed. The Board intend, however, that it would be financed through a combination of DekelOil’s existing cash resources, new equity partners at project level and debt financing. The potential acquisition, if it were to proceed, is not expected to constitute a Reverse Takeover, and so publication of a prospectus should not be required. The Group will make further announcements in due course. In the meantime, based on Beaufort’s forecasts of DekelOil producing 2017E and 2018E operating profits of €6.9m and €8.3m respectively, leading to attributable profits of €5.3m and €7.0m, the shares trade on Price/Earnings multiples of just 6.8x and 5.2x. This remains much too cheap, particularly give shareholders can expect to collect dividend yields of 1.8% and 2.0% for the two years. Beaufort retains its Buy recommendation on DekelOil Public Limited with a price target of 23p/share."

Excellent interview here with David Braben and a teasing mention of the new game. Http://www.rollingstone.com/glixel/features/elite-dangerous-creator-talks-sci-fi-politics-and-whats-next-w492781 DB says the next franchise is a "biggie"......

Peel Hunt retain their Buy and 245p target: https://www.chaffeybreeze.com/2017/07/18/ncc-group-plc-ncc-stock-rating-reaffirmed-by-peel-hunt.html

Surprising retrace, but this is a very illiquid stock and volumes have ben small with a few sells. An opportunity imho - particularly with the AGM statement coming on Thursday.

GMAA are featured separately in this morning's market report in the Daily Mail, so might get a further boost: Http://www.thisismoney.co.uk/money/markets/article-4708130/MARKET-REPORT-British-Land-Company-s-share-buyback.html "STOCK WATCH - GAMA AVIATION Gama Aviation, which rents out and services private jets, saw shares rise yesterday after strong growth in its US air charter division. The firm grew across all of its operations over the first half of the year due to strong demand, but in particular benefited from a contract with pay-as-you-fly plane charter club Wheels Up. Boss Marwan Khalek said trading remains in line with full-year expectations. Gama shares rose 1.2 per cent, or 3p, to 246.5p"

BlackRock have bought around another 728,000 shares, or some £12m worth, and increased to 13.62% from 10.33%: Https://www.investegate.co.uk/accesso-technology--acso-/rns/holding-s--in-company/201707171007262400L/

WJG have bought another planned student housing scheme in Belfast with planning permission - and already forward sold it: Http://www.bbc.co.uk/news/uk-northern-ireland-40634767 "Belfast student housing scheme bought by new developer 17 July 2017 A planned student housing scheme in Belfast has been sold to a new developer. The site at Little Patrick Street received planning permission in October 2016, following an application by UniCiti LLP. It has now been sold to Lacuna Developments and the Watkin Jones Group. The joint venture partners have developed other student schemes in the city. The Little Patrick Street project currently has permission for 354 student studios in an 11-storey building. Sold to investors A revised planning application proposes to reconfigure the scheme and increase the number of beds from 354 to 430. Watkin Jones and Lacuna have also secured an institutional investor to "forward fund" the scheme. That means the investor pays now and gets control of the building on completion. Watkin Jones/ Lacuna developed Belfast's first major purpose-built student scheme at John Bell House in the city centre. They are currently working on two other schemes at the Athletic Stores building and on the Dublin Road. They have forward sold all their schemes to institutional investors, including a fund managed by the Swiss bank UBS."

Nice tip for IDEA here: Http://www.aol.co.uk/money/2017/07/18/2-technology-stocks-for-ambitious-investors/ "Ideagen(LSE: IDEA), a leading supplier of Information Management software, revealed a surge in annual profits earlier today as it announced its full-year results for FY2017. The AIM-listed technology business reported another strong performance for the year to 30 April. It was its eighth consecutive year of sales and earnings growth, with total revenues coming in 24% higher at £27.1m, and adjusted pre-tax profits rising to £6.9m, from £5.7m just a year ago. Fourfold increase The Nottingham-based firm provides quality, safety, audit, performance and risk-management software and expertise and has operations in the UK, EU, US, and the Middle East. With an excellent portfolio of software products, it helps companies to improve operational efficiency, strengthen compliance, and anticipate and manage every detail of risk, helping to reduce costs and improve efficiency. With a market value of £166m the AIM-listed group may be considered small-fry when compared to software giants such as Sage Group, valued at £7.2bn, but it can still boast a customer base of over 3,000 organisations that use its products. These include many blue chip names such as BAE Systems, Emirates Airlines, Royal Dutch Shell and the European Central Bank, as well as 180 hospitals in the UK and US. Despite a fourfold increase in the share price over the last five years, the shares have never breached the £1 mark, but I think this is about to change. With City analysts forecasting a further 28% improvement in underlying earnings for the current year to April, investors should look past the premium P/E rating of 21 and see that this is a price well worth paying for rapid growth."

N+1 Singer note that CTO are presenting investment roadshows on both 24th July and 8th August. Good news.

WH Ireland today reiterate their Buy and 370p target - thats' 50% upside from here. And 370p would still only be a forward P/E of 13.4 for a world leader in its sector: "On the back of the update, we leave our forecasts unchanged. The shares trade on a FY 2017E PER of just 9.2x falling to 8.5x, which implies a significant 40%+ discount to our basket of peers. We believe that good momentum is now being demonstrated, which combined with the outlook and valuation multiples currently ascribed, leads us to reiterate our Buy recommendation and 370p price target."

The market certainly likes the results. Perhaps because investors now have certainty going forward as to strategy and numbers, with no major (new) surprises. Forecasts from N+1 Singer are for 8.8p EPS this year, so with those expectations reiterated today NCC are on a pretty cheap rating for the sector given the prospects. Even the 4.7p dividend isn't a bad yield at the current price.

Excellent, solid trading update today: Https://www.investegate.co.uk/gama-aviation-plc--gmaa-/rns/half-year-trading-update/201707180700063038L/ All positive, can't see a single negative. Trading is in line, net debt reduced, acquisitions being integrated. The outlook is very strong. Expectations are for consensus 26.07p EPS - which means GMAA are on a ridiculous single-figure P/E: "Marwan Khalek, Chief Executive Officer commented: "This has been a busy and encouraging trading period for Gama Aviation and trading remains in line with our full year expectations. We have continued to target and deliver organic growth and operational efficiencies as well as improvements in our working capital and cash conversion. We are pleased with the progress that we are making on all fronts and together with the recent strengthening of the European management team we remain well placed to deliver on our strategic objectives."

A subsidiary company director has bought £300,000 of shares at 116.48p and 115p..... Https://www.investegate.co.uk/premier-technical--ptsg-/rns/director-pdmr-shareholding/201707180700093095L/ That's some vote of confidence.

Extremely solid results, with EPS etc up almost 20% and spot on forecasts. Lots of recurring income makes this a must-have stock for institutions. Good to see a £4.2m cash pile at the year end too. The dividend is slightly above expectations. Above all, trading for this year looks good and the outlook positive: https://www.investegate.co.uk/ideagen-plc--idea-/rns/final-results/201707180700063048L/

Excellent trading update today, with SOM now definitively trading in line with expectations: Https://www.investegate.co.uk/somero-enterprises--som-/rns/trading-update/201707180700073071L/ Strong June trading and a good outlook going forward all bode well. All areas are now trading well except the Middle East - and China appears to be rebounding strongly. Very bullish outlook statement: "Jack Cooney, CEO of Somero, said: "With improved margins and positive cash flow generation, momentum in H1 2017 has continued and we are particularly pleased to see that our customers anticipate a high level of activity going into the second half of the year. We look to the period ahead with confidence and this is reflected in the Board's decision to pay a special dividend as announced in our previous trading update."