Member Info for rivaldo

Limbering up for new recent highs here..... And tipped in the IC too: "IC UPDATE. Safecharge International (SCH) has announced a partnership with card processor Chase in the US, allowing customers to accept card payments in the country at domestic rates and with greater likelihood of a transaction being accepted. The share price has risen less than 1 per cent in early trading. Buy."

Results out today, with a decent increase in revenues. much of which is recurring. Pennsylvania is the great white hope of course, but all the new simulated gaming contracts should bring about a much improved 2017. Interestingly Liberum have today initiated coverage with a Buy and a 64p price target from a 34p page report: Http://investing.thisismoney.co.uk/broker-views/ Davy are also positive this morning: Https://www.davy.ie/research/public/article.htm?id=Davy_Morning_Equity_Briefing_30052017_moneBLinkS0009C0001Cmp.htm "Earnings in line with expectations as recurring revenues continue to grow May 30 2017, 08:54 IST/BST Morning briefing 1 page(s) Read Important Disclosures Sectors: Gaming COMPANIES: GAN DAVY VIEW GAN’s full-year earnings announcement is in line with expectations with the group’s losses narrowing year-on-year (yoy) as its simulated and real money gaming business lines in the US continued to grow. Revenues grew 30% last year while operating costs grew 12%. This positive operational gearing should continue in 2017 with the benefits of greater scale, such that the group is aiming to be free cash-flow positive by the end of this year. In the first instance, that target is the priority; any potential move by Pennsylvania to regulate online gaming would obviously provide a fillip to the investment thesis given that the group is well positioned in that state, however, there is a way to go yet before such legislation is passed into law."

http://www.gamaaviation.com/sharjah-international-fbo-sees-45-rise-aircraft/ "Our Sharjah International FBO sees a 45% rise in aircraft movements In the first four months of 2017 our Sharjah International FBO saw a 45% rise in aircraft movements. We have seen a 45% rise in aircraft using its FBO at Sharjah International Airport, according to figures compiled by Airops Movement-Executive. Martin Ringrose, MD Middle East commented: “We have worked hard to encourage traffic into Sharjah International Airport from Dubai’s main hubs, the fruits of which we are starting to see now. Wing X Live data1 is showing a growth of 16% in Europe bound movements from Sharjah and the two Dubai Airports in the first four months of 2017 compared to the same period in 2016. At Sharjah we have seen a 45% increase in all movements over the same period as flight departments recognise there is a closer alternative to Downtown Dubai than Dubai South. This is high quality ‘sticky’ traffic, with multiple returns, as crews and principals experience the benefits of our location.” Sharjah International Airport remains somewhat of a business aviation hidden gem. With no slot restrictions, plenty of parking, hangarage, security and customs clearance and almost immediate passes providing access to aircraft, the facility is becoming a popular access point to owners seeking to access Dubai and the Northern Emirates. Ringrose, continues: “We have a long-term strategy for Sharjah International that includes the development of a new Business Aviation Centre for the airport. These figures and the feedback we receive from crews, flight departments and Principal’s, reaffirm to us that we provide a very credible alternative to Dubai South and Dubai International.”"

A nice mention for XLM in this week's Shares Magazine: "Gambling marketer XLMedia (XLM:AIM) and car dealer Pendragon (PDG) are among Berenberg’s top picks for UK midcap value stocks. The investment bank thinks these stocks, plus a few others, still offer decent upside to investors despite the broader stock market having already rallied this year. It believes investors could make approximately 20% profit through buying shares in XLMedia. Its 150p, 12-month price target compares to a 126p trading price at the time of writing. It says the company is exposed to online realmoney gaming and social gaming markets ‘where prospects look good’. It says XLMedia continues to diversify revenue streams into non-gaming areas and believes its strong net cash position should enable it to increase shareholder distributions or make strategic acquisitions."

Very positive article on Share Prophets this weekend - here's an interesting excerpt: Http://www.*************.com/views/29361/chamberlin-full-year-results-and-management-chat "However, talking to management, they emphasised the noted investment is underpinned by orders and that there is thus strong confidence in the profitable growth and debt support going forward. This is also with now Walsall “one of only four specialist foundries in Europe with the technical capability of supplying castings for turbochargers and, with our new machining capability, the foundry is now the only fully integrated supplier of grey iron bearing housings in Europe”. Although there will be continued elevated capex at Walsall this year, the impact of the new facility is also visible in profit forecasts – with a pre-tax circa £2 million still anticipated." Qd22, you can normally deal well within the spread - for example, sellers at present are achieving a big premium to the bid price. And the shares are reasonably volatile, so almost any dealing results in the price being shifted accordingly.

RNWH have been tipped today by Questor in the Telegraph as a "small cap share for surefire income" - the tip doesn't even mention Finncap's 586p target: Https://www.google.co.uk/?gfe_rd=cr&ei=sAAoWcCpK6jHXtn-isgN&gws_rd=ssl#q=questor+%22renew+holdings%22&safe=active&tbs=qdr:d&spf=1495793834965 "Aim-listed Renew Holdings, which we bought on November 25 at 396p, posted half-year results on Tuesday and is living up to those hopes. It is among the more speculative constituents of this portfolio. This specialist engineering business has successfully captured a number of niche sectors. Skill requirements are high, which is a helpful barrier to competition; contracts tend to be long, giving reassuring sight of future revenues, and customers are generally exceptionally large businesses or government agencies. That adds up to a compelling picture. The core areas Renew serves tend not to rest on discretionary spending, either. One is transport infrastructure, with Network Rail a major client and projects involving both maintenance and new installations. Another is the provision of environmental services in the fields of clean and waste-water distribution, flood risk controls and nuclear waste management. Whatever happens in the economy, there is limited room for this spending to be cut or deferred. In fact, looking ahead, Renew should benefit from substantial projects in all these areas. For these business segments, Renew's revenues for the half year are up 6pc, profit is up 14pc and the margin has improved 9pc. The order book is up 5pc. All of that is driving the dividend, with the interim payout up 13pc to 3p. Renew has a further division where the outlook is less rosy. This is a specialist building operation which enlarges or maintains luxury homes and period buildings in and around the capital. Revenues here account for about 18pc of total but the margin is lower and the order book down. The gamble here is that the factors outlined above play out and that cash is returned to shareholders. Numis has set a target price of 500p. We remain very positive."

Good to see Octopus Investments buying and going above 3% with 7.89m shares: Http://www.investegate.co.uk/watkin-jones-plc--wjg-/rns/tr-1--notification-of-major-interest-in-shares/201705251740102929G/

http://www.investegate.co.uk/volvere-plc--vle-/rns/final-results/201705260700092949G/ In summary, with 617p of net assets per share (including £20m cash), the three subsidiary businesses are valued at essentially bugger-all. This new 3-year contract sounds transformational for Impetus: "As part of a plan to widen Impetus's service offering the company has, with effect from April 2017, assumed responsibility for the management and delivery of a large automotive manufacturer's learning and development activities in the UK. As a result, Impetus now employs almost 400 people (an increase of approximately 150 compared to March 2017) and we expect Impetus' financial contribution to increase further this year as a result." Impetus is already a big winner, but this should take it to the next level. Shire is doing well enough and is highly profitable despite obvious headwinds. I like the sound of the new seasonal ranges. And Sira is now a seriously profitable entity making £160,000 PBT (up from £120k last year). Many AIM companies are valued at £15m-£20m or much more without such profitability!

Encouraging update today in line with expectations. Good to see the Astles acquisition performing well - and in the comment about replicating the business model there's a strong hint that more acquisitions are on the horizon.

Looks like a biggie: Http://www.investegate.co.uk/safecharge-int-grp--sch-/rns/safecharge-u-s--partnership/201705260700082937G/ "Chase serves more than 250,000 merchants and 560,000 locations across the United States. The company processed 16.88bn transactions in 2016 and this, according to Nilson, makes them the third largest acquirer in the US, representing around 20% of the market."

A 10k buy at 60p has caused a nice tick up - threatening to break out past 60p again.

Good to see a 25k buy at 17.95p cause a tick up. The AGM is on the 20th June - not long to wait.

New interview with the FD, mostly about their Yorkshire operations, but a nice snippet about the Giffen acquisition: Https://www.insidermedia.com/insider/yorkshire/yorkshire-provides-bedrock-for-renews-growth "Renew has also benefitted from its recent takeover of Giffen, which specialises in delivering mechanical, electrical and power services for Network Rail and London Underground. Giffem was acquired from private equity firm Rcapital in a £7m deal. Giffen Holdings, which is based in St Albans, specialises in mechanical, electrical and power services within the railway environment employing 123 staff. Samuels added: "We didn't have London Underground as a customer before and now we can offer services from the rest of our rail activity that we've worked on such as civil engineering and particularly tunnel work to London Underground. "The other way to build the business is to grow it by expanding the service offering that we offer to Network Rail, we have a few projects where we have tendered jointly with Amco and Giffen together for projects that neither Amco nor Giffen would have been able to apply for before.""

Some acceleration here now - buying coming in at the full 220p offer price

Very strong trading update out today - on course for a current year P/E of 8 or even less now. I'll be amazed if there isn't a chart breakout upwards after this. Every aspect of the update is upbeat - strong US growth, improvement in Europe, BBA integration going well, acquisitions performing strongly.... Http://www.investegate.co.uk/gama-aviation-plc--gmaa-/rns/trading-update/201705250700111758G/ "Marwan Khalek, Chief Executive Officer commented: We continue to build on the significant progress made last year and trading remains in line with our full year expectations. Our management team has been strengthened with the recent key and high quality appointments across many of our divisions. We are focused on building on the improvements in operating margins, working capital and cash conversion that we delivered in 2016 and the Group remains well positioned to deliver on its strategic objectives."

Panmure's latest forecasts are 1.5p EPS this year and 1.7p EPS next year (with 0.5p and 0.6p dividends respectively). That's not far off a single-digit P/E for next year. Plus the water industry deregulation rules have just come into force. I note that Utilitywise are already blowing their own trumpet on this, noting that "In the month following water deregulation on April 1, Utilitywise received more than 50,000 business engagements regarding water supply". As usual (by comparison), INSE are simply quietly getting on with business. But if they receive a similar level of new business then shareholders should be in for a treat.

before Friday's results. Buying coming in at 670p and now 680p.

another one here.....I suspect the breakout will be upwards: Http://www.iii.co.uk/articles/415696/does-renew-holdings-deserve-premium-rating "Does Renew Holdings deserve premium rating? By Lee Wild | Tue, 23rd May 2017 - 17:24 In the dark days of summer 2009, as the market began its fledgling recovery from the financial crisis, there were bargains to be had. Turns out Renew Holdings (RNWH) was one of them. In the past eight years its share price has surged by 2,030%, up from 23p to a high of 490p, and latest record results suggest the business has further potential. Renew, which runs engineering contracts for nuclear power plants, Network Rail and London Underground, increased adjusted pre-tax profit by 11% in the six months ended 31 March to £12 million. With revenue up 9%, adjusted operating profit margin rose by 20 basis points to 4.2%. At the core engineering services division, operating profit jumped by 14% to £11.9 million on sales up 6% to £234 million. Margin was 5.1%, underpinning management expectations of hitting its group margin target of 4.5% for the full-year. The order book is steady at £517 million, and expected revenue for the second half of the financial year is fully secured, we're told. Chief executive Paul Scott told me there were "no real standouts" during the first half, but that income momentum from two clients in the water sector - just beginning the third year of its sixth asset management period (AMP6) of investment - were "helpful". And the £7 million acquisition of Giffen Holdings in November is already paying off, broadening the services offered to the rail industry. Previously, Renew did not offer electrical control and power distribution services. It does now. It's also gained London Underground as a client, which it might otherwise have struggled to do. And Giffen is also becoming more ambitious in the jobs it pitches for, which can only be good for business. And management is smart enough to know when it's time to cut losses, too, exiting their loss-making low pressure, small diameter gas pipe replacement business. It's meant booking a £5.8 million non-cash impairment charge, and there'll also be redundancy costs, but it does focus the unit on higher margin medium pressure work, which should get the gas operation back into profit next year. Renew will also swing from net debt of £3.5 million, because of the acquisition, to net cash by the end of September...... ....At 459p, Renishaw trades on a forward price/earnings (PE) ratio of 14, although City estimates only factor in mid-single-digit earnings per share growth, suggesting share price progress from here might be more sedate. However, Guy Hewett at finnCap argues that Renew is still cheap. "Renew's strong track record of delivering essential services on large, long-term frameworks can command a higher rating," says the analyst, repeating his 586p price

"U.S. Boost Gama Aviation (Booth V36) also says that its U.S. operations are going from strength-to-strength, flying 54,533 hours last year, the highest of any Part 135 charter operator in the U.S., according to Argus TRAQPak. This was over 5,000 hours more than the number-two ranked operator and represents an increase of 55 percent over 2015, which accompanied a fleet size that also increased more than any other operator. Earlier this year Gama Aviation Signature was created through the merger of Gama’s U.S. division with Landmark Aviation. Thomas Connelly, president and CEO of Gama Aviation, said: “Last year we were the top U.S. Part 135 operator by number of hours. In 2017, we are likely to be the top U.S. operator by fleet size and hours flown. We believe [this growth rate] is down to ensuring our clients receive not only the economies of scale that our size can provide, but also the bespoke concierge service that they expect and deserve.” Marwan Khalek, group chief executive of Gama Aviation, said, “The Argus figures evidence the success of our U.S. associate business to capture and convert the organic growth opportunities available in the world’s largest business aviation market. “The Landmark Aviation merger adds further scale to this already strong position, delivering more choice, greater proximity to our fleet and ultimately higher levels of service to our Part 135 clients.” Gama in China Meanwhile, Gama Aviation Hutchison (Hong Kong), the joint venture formed in early 2016 between the UK’s Gama Aviation and Hutchison Whampoa, announced at the ABACE show last month that it has firmed up its new maintenance offering in collaboration with Hong Kong International Airport-based CASL. The new maintenance check packages will be available starting this summer. The packages have been designed “to provide a cost-effective, transparent pricing model for fleet and private owners.” Sergio Oliveira e Silva, general manager of the joint venture, said the company “identified that business aircraft owners and operators often face opaque pricing and final bills that can climb alarmingly from the initial quote. Through our collaboration with CASL, we are introducing a simplified pricing structure for standard maintenance inspections on Gulfstream and Bombardier aircraft.” The offering gives aircraft owners local maintenance at a cost low enough that they no longer have to fly three to four hours to Singapore, or farther afield, for an annual check. This is “inconvenient for the operator, adds hours to the aircraft and, in our view, is completely unnecessary,” said Oliveira e Silva."

If everything is going as well as the portents suggest, we should be in for a big re-rating once the market latches on: Https://www.ainonline.com/aviation-news/business-aviation/2017-05-23/gama-aviation-eyes-single-engine-growth-potential "Gama Aviation Eyes Single-Engine Growth Potential May 23, 2017, 9:00 AM Farnborough, UK-based Gama Aviation comes to EBACE with three fresh contract signings: a premium service provider agreement with Pratt & Whitney to support its popular PT6A engines across Europe; an agreement with Textron Aviation unit Cessna for a new service center at Gama’s Glasgow facility; and the renewal of Gama’s Beechcraft authorized service facility status at Farnborough. Gama said that the PT6 agreement comes “at a time of apparent growth in the engine’s use with 7,089 Pilatus PC-12 and 15,001 King Air 200/350 movements in the last quarter across Europe. In addition to the current departure volumes, changes in UK air operations regulations are predicted to see a further increase, as single-engine commercial operations begin.” Paul Bristow, head of engineering for Europe, commented: “With single-engine operations a regulatory reality, we are ideally placed to assist operators of PC-12s, Cessna Caravans and the Daher TBM930s with engine-related AOGs across Europe. This will be particularly important to new operators who are establishing their reputations and business models in a new and dynamic sector.” Gama also reports that the company’s Glasgow facility is to become a factory-recognized facility for the Cessna Caravan. “We are positioning Glasgow as a center of excellence for the Cessna Caravan, extending this in due course to other Cessna single-engine models,” said Bristow. “With Fairoaks and Farnborough in the south and Glasgow in the north, we are providing a breadth of capability and depth of experience to this sector that few others can provide at scale.” Last but not least, Gama’s Farnborough facility has had its authorized service facility status renewed by Beechcraft, having recently completed the acceptance (through its delivery center in Wichita), delivery and extensive modifications to a King Air 350ER, including the installation of the Raisbeck Performance System. “Our Beechcraft clients have for years benefitted from a highly skilled team,” said Bristow. “Our service center status only reconfirms this. When combined with our new Pratt & Whitney agreement, our Rockwell Collins, Garmin and Raisbeck expertise, we provide a class-leading solution, whatever our clients’ needs.”