Member Info for rivaldo

Nice 30,000 share buy at 57p just reported before tomorrow's AGM.

Whitman Howard have just issued a note upgrading ACSO to Buy and increasing their target price to 2000p. This follows the Ingresso acquisition and also recognises the blue sky opportunity in Asia and "an improving revenue mix of higher margin ticketing sales". Where will they have to upgrade to following news of a roll-out across the Universal Studios attractions client base - 3000p?

FYI here's Cantor's summary from their note last week, which increased their target price to 270p. They now forecast as follows: this year : 26.4p EPS, 2.9p divi next year : 29.1p EPS, 3.2p divi 2019 : 33.2p EPS, 3.5p divi "Positioned for growth Recent full year results were in line with our forecast, and gross cash and working capital improved significantly. Gama has announced a series of exciting growth opportunities, particularly in the large US business aviation market. Implementation of these plans, and conversion of higher revenues into improved profits and cash will be fundamental in 2017. Our net profit forecasts for 2017-18 are largely unchanged at this stage but we lift our dividend estimates reflecting the improved cash position. The stock has rallied but is still trading on a 2017 P/E of 8.3x; a material discount to peers and the support services sector. We reiterate Buy, TP lifted to 270p from 230p."

FYI here's Optiva's update from last week - they have a 32p target and have DKL on a current year P/E of just 4.5: "The Ayenouan project is proving to be a cash cow Ticker: DKL LN Mkt Cap: £38.5m Shares Out: 296m Q1 Production Update: DekelOil (“Company”) has reported record production and material sales growth in Q1 2017. Total revenue in Q1 2017 was significantly higher by 37% at €9.7m, when compared to Q1 2016 and beat Optiva’s estimates of €9.1m. Record quarterly CPO production at 16,398 tonnes, which is 8.3% higher when compared to Q1 2016 and surpassed Optiva’s estimates of 14,335 tonnes. PKO production was reported at 996 tonnes, which was flat when compared to Q1 2016, however the average PKO sales price was 35% higher at $1,008 per tonne. The management believe they are set to move forward with the expansion phase. Strong revenue has been predominantly driven by higher palm oil prices and to some extent the optimisation of their ground operations. CPO prices have surged significantly since June 2016 where it was trading around $550m/t, but moved higher and recently traded around $750m/t back in February 2017. We maintain our bullish stance on palm oil prices in the short term on the back of tight supply, weaker ringgit and higher biodiesel mandates. The management has done extremely well to optimise operations by boosting the extraction rates of CPO and PKO. The acquisition of an Empty Fruit Press (‘EFP’), which became operational in March 2017 could boost underlying profits by at least €500k in in first full year of operation. The financial year-end results for 2016 are expected to be announced over the next 8 weeks and we estimate total revenues of around €26m, EBIT of €4.8m and underlying profits of €3.7m. In 2017, we forecast total revenues of €32m, EBIT of 11m, and underlying profits of around €10m. The management’s recent announcement of a progressive dividend policy and a maiden dividend of £500,000 will put the Company on a dividend yield of around 1.4% based on the current share price. Based on our 2017 forecasts, Dekeloil trades on a P/E of 4.5x, compared to London peers trading on an average of 17x. In our view, this is unjustified based on how much the Company has advanced from a palm oil developer to a sustainable profitable producer. DekelOil presents a compelling opportunity for investors seeking a balance of capital and income growth. We maintain our price target of 32 pence per share."

FYI from Finncap's note last week - they say Buy with a 45p target. They go for 3.1c EPS this year, rising to 3.3c EPS next year, with a 0.7c dividend each year: "Clearer skies ahead The FY 2016 results are in linewith expectations which were downgraded in February. Affected by delays to a large Israeli Air Force contract which could not be recognised in the period, revenue was down 13% YoY to $6.0m. With the high gearing in the business model, this meant earnings fell 80% YoY to $0.4m. More positively, cash owed at the end of 2015 was received in the year to deliver $1.0m of FCF, and after the $0.3m dividend distribution, this lifted net cash from $7.4m to $8.1m at the year end. This year¡¦s declared dividend is lower ($0.1m or 19% of earnings); however, there will be a $0.2m share buyback to make up the distribution to shareholders to previous levels. Away from the revenue recognition issue, underlying business remains profitable and performing well, in terms of new business wins and pipeline, as well as building a base of recurring revenue. ƒ¤Organic growth strategy is focused on winning new strategic customers, and growing engagement within the existing base. SimiGon is delivering on all major contracts and increasing its market visibility while seeking new opportunities as both a prime contractor and strategic partner. ƒ¤New markets: Progress is being made in both civil-aviation and industry, and although mass-market adoption is at an early stage, the company is ideally positioned to gain traction in it, given its blue-chip client base, strong IP and wealth of experience with the technology. ƒ¤The large $6.7m prime contract won in 2013 continued during 2016 although on a slowed by supplementary client requests outside of the original contract. The company has been meeting these demands with a view to follow-on work and the contract is finally due for completion in H1 2017 and we anticipate news on any subsequent opportunities thereafter."

That's a terrific report, thanks. Given that the current m/cap is almost entirely covered by cash - and from memory more than covered if you include receivables - the core business, with high and increasing recurring revenues, is in for virtually nothing. Finncap have a 45p target price here compared to the 19.5p share price, and I can understand why.

RNS - Oyster have bought over 1m more shares since their last disclosure just over 2 weeks ago. They now own 10.4m shares, or 5.2%: Http://www.investegate.co.uk/xlmedia-plc--xlm-/rns/holdings-in-company/201704180700145446C/

Here's a wonderful new article in the Los Angeles Times: Http://www.latimes.com/travel/themeparks/la-tr-universal-orlando-volcano-bay-water-park-20170411-story.html Now we have official confirmation that: (1) Universal's new Tapu Tapu device is definitely ACSO's Prism: "The Volcano Bay wristband was developed by Britain-based Accesso" and (2) "Universal plans to roll out the technology to its other theme parks." This is great news, and should provide the fuel for the next leg up in the share price. Hopefully soon ACSO will be able to RNS the launch of the Tapu Tapu device at Volcano Bay, along with suitably positive comments from Universal, and then later we should get a global roll-out announcement similar to Merlin's.

Results are out and are bang in line with reduced forecasts: Http://www.investegate.co.uk/simigon-limited--sim-/rns/final-results/201704110700141205C/ The £9.7m m/cap at 19p (51.4m shares) plays $8.14m of cash and $2.92m receiveables too - of which I note over $1m has been collected since the year end. SIM must prove that the forecasts for this year (2017) of 3.1c EPS are realistic, say in the H1 trading update or results - unless there's contract news in the meantime. The outlook statement continues to emphasise the lower short term revenues from the high value long term license contracts, so caution regarding those forecasts may be appropriate. Nevertheless, there are a number of reasons to be rather positive about SIM's future in the narrative, and it still looks a very interesting company to me. I'm happy to hold for the medium/long-term with hopefully the capacity for upside surprises/contract news flow. I note that the share price is recovering nicely now, after an initial markdown by the MMs on numbers which the market knew about already. The lack of available shares means that any decent news will be well rewarded, especially given the cash backing in the Balance Sheet. As regards the buyback, aound 66% of the shares are held by the top 7 shareholders. That leaves only around £2.9m of shares in free float. And it's usually only possible to buy 20k-30k of shares at a time at most. So $200k is more than enough. If SIM actually succeed in buying back $200k of shares they will probably drive the price up very nicely indeed! Either that, or they'll find one or two larger holders to buy out completely and thereby reduce any overhang.

They go for 13.1p EPS for the current year (and 11.6p EPS for the year just ended), with a valuation range of between 153p-162p: Http://www.edisoninvestmentresearch.com/research/report/carclo7/preview/

Wow - now online you can only buy a maximum 1,500 shares at 17p, whilst you can sell well over 200,000 at 16.53p.....

Canaccord reiterate their Buy and 320p target price: Https://www.com-unik.info/2017/04/12/safecharge-international-groups-sch-buy-rating-reaffirmed-at-canaccord-genuity-updated.html

Good to see the JV with Hutchison Whampoa growing smoothly: Http://www.ainonline.com/aviation-news/business-aviation/2017-04-11/gama-aviation-offers-mx-hong-kong-intl-casl "GAMA Aviation Offers Mx at Hong Kong Int'l with CASL by AIN Staff April 11, 2017, 6:50 PM Gama Aviation Hutchison (Hong Kong), the joint venture formed in early 2016 between the UK’s Gama Aviation and Hutchison Whampoa, announced at ABACE this week 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, said Gama Aviation. etc"

Big 2.17m share trade just reported at 135p. The share price has risen subsequently, which hopefully suggests it's the clearance of an overhang.

That's interesting - after some decent buying today the maximum you can buy online has dropped rapidly to just 50,000 shares at 17p (from well over 200,000 previously).

Great news today - a new Lower Thames Crossing, with a two-mile tunnel beneath the river Thames to the M25, has been announced by the Government. Given AMCO's expertise in tunnelling it's surely a given that they'll be heavily involved - and this is a huge £4.3-£5.9 billion undertaking. Here's AMCO's web site: Http://www.amco.co.uk/rail/projects And here's the story: Http://www.standard.co.uk/news/transport/lower-thames-crossing-new-twomile-m25-tunnel-beneath-river-is-announced-by-goverment-a3513426.html

The last few trades here have all been Buys, and the price is moving up steadily now. The very positive comments yesterday from RWA about the UK recruitment sector may help RTC to rise quite a bit further, especially given the positive outlook in the recent prelims.

Another new client win: Http://finance.yahoo.com/news/sportito-partners-safecharge-improve-payment-070000290.html "LONDON, April 11, 2017 /PRNewswire/ -- Daily Fantasy sports platform Sportito has engaged in a partnership with SafeCharge, global provider of payment services with more than 12 years of experience in its business. Sportito is now processing all the web and mobile transactions with their customers through the services provided by SafeCharge. The partnership will allow SafeCharge to offer an effective and efficient payment service for Sportito users. SafeCharge has been operating since 2007, with certification of Payment Card Industry Data Security Standard. The Group has introduced innovations in payment technologies for online and mobile transactions to make it stress-free for the businesses and their customers. With proprietary technologies and methodologies provided by SafeCharge, Sportito will be able to improve the deposit and withdrawal process of their users. This will also provide a secure service to protect the users from scams when using their card back online on Sportito. It has improved the experience by integrating systems to give more choices such as the option to use different currencies for the deposits and withdrawals of the users. Commenting on the partnership, the CEO of Sportito Riccardo Mittiga said, "We have decided to use SafeCharge for our transactions because of the advanced technologies SafeCharge uses to make the deposit and withdrawal experience better for the customers. I'm sure that this partnership will make life easier for our users and will support our growth too." Sportito have other amazing partnerships coming up in the near future to provide the best platform for the Daily Fantasy Sports fans in Europe. With every partnership, they become stronger day by day. About Sportito: Sportito was launched in August 2016 and has come a long way with partnerships with two English Football clubs as their Official Fantasy Sports Partner. Burnley FC in Premier League and Fulham FC in Championship had signed their deals with Sportito not so long ago, to bring a unique Daily Fantasy Sports experience to their fans. Sportito is now operating in the UK with Gambling Licence from UKGC and will be operating soon in other countries in Europe, once their licences are approved from Malta and Italy."

Here's WH Ireland's latest summary FYI - they go for 12.6p EPS this year (£0.6m PBT) and have a 119p target for the moment. Pretty cheap against a current 100p share price: "FY Results This morning’s results contain no surprises – revenue of £7.6m compares to a WHI expectation of £7.7m and PBT of £213k is almost bang in line with WHI estimate of £215k. Key standouts since the year end include two airline orders for a new cloud-based back office system and a number of access control system sales within the Defence/ Government arena. The statement reaffirms current market expectations for 2017 which look for +14% top line growth (helped in part by orders deferred from 2016) feeding a near-trebling of PBT, highlighting a strong operational gearing opportunity. We remain Buyers with an unchanged 119p price target.  Results highlights: TST provided guidance through a trading update in early January hence today’s numbers are very close to forecasts published in our full note dated 30/01/17 (copy available on request). Whilst revenue declined by 12% y-o-y, this was more or less recovered (£4.10m vs £4.13m comparative) at the gross profit line due to a substantial improvement in margin from 47.6% to 53.7% which was mix related (more software). Tight control of admin costs (-3% y-o-y) led to a doubling of PBT from £106k to £213k. TST once again benefited from a very substantial R&D tax credit (£262k net) leading to an EPS outcome of 7.5p against our 6.6p forecast. TST ended the period in a modest net debt position of £329k vs £242k net cash a year earlier, as expected.  Current year to see substantial PBT uplift With a gross margin above 50% and relatively fixed overheads, small increases in revenue feed fairly material increases in PBT. We expect this to be evident during 2017 where a 14% increase in revenue is expected to drive a near-trebling of PBT from £213k to £600k. Our revenue forecast of £8.7m is supported by the deferral of a number of contracts from 2016 together with the launch of a new Android OS ruggedised tablet for the in vehicle and logistics markets. Our 2018 forecasts, introduced today, are predicated on a very modest 5% increase in revenue.  Shares offer value, 29% upside against target We retain our 119p price target this morning (=9.4x P/E. 30% discount to peer group) and Buy recommendation."

Cantor have a 29p target price - here's their post Q1 update summary FYI: "DekelOil (BUY) – Q1 shows total sales up 36.6% DKL LN (12.63p, TP 29p), Market Cap: £37m (Corporate Stock) Our view: DekelOil’s Q1 output statement shows strong overall growth with total sales up 36.6%. Importantly the low availability of fresh fruit bunches seen in Q4 is now past with a significant rebound in collections and record production. Prices are well ahead and while this has had a demand response on CPO sales this is expected to be short lived. Recent operational improvements are beginning to be felt and shareholders will now benefit from 100% ownership of the Ayenouan mill. We reiterate our BUY recommendation and target price of 29p. • Production at record and collections rebound – DekelOil has issued its Q1 output statement for the three months to 31 March 2017. Total sales, excluding nursery sales, were up 36.6% on the same period in 2016, reflecting continued production expansion at the Ayenouan mill and a greater proportion of palm kernel oil (“PKO”) in the mix. Fresh fruit bunches collected were up almost 10% on Q1 2016. This is a relief following the drop in the availability of FFBs in Q4 2016 and it is good to see that this phenomenon has past. Production was up 8.3% slightly behind the FFB growth rate reflecting loweroil content in recent FFBs also reflected in an extraction rate of 22.8%. However towards the end of the period extraction rates have pickup significantly with the daily extraction rate at around 24%. The new empty fruit bunch press became operational in March and is contributing an additional 0.5% to the extraction rate. • Prices strong – The average price achieved was very strong at €736/t, ahead of our forecast for year of €717. These high prices are good but have resulted in customers delaying purchases and as a result sales volume dropped slightly, down 1.7%, and inventory has risen. This would have been a 6.5% increase had 1,000t of stock pre-sold at March prices been included. New buyers are emerging in the country and it is expected that inventory levels will unwind at the beginning of H2. • PKO also ahead – PKO extraction rate has risen to 42.3% from 39.9% and the achieved PKO price has been particularly strong, averaging €1,008/t up from €743/t and again ahead of our FY17 forecast of €930/t. The company is looking to store approximately 550t of nuts and process these during the high season in early Q3. This should maximise mill efficiency and yield 275t of kernels. The new 3,000t oil storage tank is expected to be operational in the next few weeks adding to the company’s ability to be flexible in its key markets. • Valuation reflects cashflows – We value DekelOil on a DCF basis with a cost of equity of 15% and cost of debt of 10%. This gives us a target price of 29p. The principal risk to our