Member Info for rivaldo

Https://www.ideagen.com/company/news/chiesi-group-chooses-ideagen-pentana/ "Chiesi Group chooses Ideagen Pentana to boost internal audit practices 21 March 2017 Chiesi Group, the international, privately-owned pharmaceutical company, is to implement an internal audit software solution to enhance its auditing operations worldwide. Ideagen Pentana, an audit automation product from Ideagen, will monitor Chiesi’s internal control processes to ensure the firm is performing against corporate objectives. Chiesi’s internal audit team is responsible for assessing the efficiency and effectiveness of the organisation’s processes, providing assurances and consultancy services to management. Pentana will provide Chiesi’s auditors with one centralised system complete with web capability to ensure data can be captured and accessed while auditing Chiesi’s 27 sites globally. etc" Chiesi are big: Http://www.chiesigroup.com/en/about-us "With a turnover of more than €1.4 billion sales we are among the top 50 pharmaceutical companies in the world."

today: Https://sportsperspectives.com/2017/03/31/jefferies-group-llc-reiterates-buy-rating-for-gama-aviation-plc-gmaa.html

Http://www.3ders.org/articles/20170330-xaar-opens-new-3d-printing-lab-in-nottingham-uk.html Extract: "The laboratory, which was launched with an opening ceremony this past Wednesday, will be working in a number of different fields, 3D printing parts for the aerospace, medical, and even sports markets. So far, Xaar’s lab has already made a customizable 3D printed heel structure for running shoes, which is on display in Xaar’s office. In addition to the new Nottingham lab, Xaar has also established a base in Copenhagen where 3D software is being developed. The inkjet printhead company’s foray into 3D technologies is reportedly part of its 2020 strategy to reach £220m in sales." Https://3dprint.com/169624/xaar-opens-new-3d-centre/ Extract: "HSS technology uses infrared heaters and inkjet printheads to 3D print products, using polymer powder materials, and is engineered to perform at lower costs and higher speeds than other 3D printing processes, making the technology a good fit for companies who need to 3D print in high volume. The company optimistically looks to HSS as a key to taking additive manufacturing into the mainstream, which is a goal of many companies these days. “There is no doubt that High Speed Sintering technology can transform 3D Printing from a low volume prototyping solution to a mainstream manufacturing process. The step change to high volume manufacturing will be most efficiently achieved through partnerships with committed stakeholders across the supply chain. Our new 3D Centre in Nottingham is the ideal location for such partnerships to flourish,” said Professor Hopkinson."

Let's assume the Integumen IPO happens on 5th April with no premium at all. In that case, VENN would have around £3m of cash, plus over £2m of shares in Integumen. In which case £5m, or more than 50% of VENN's current £9.9m m/cap, would be covered by liquid assets, leaving the core business in for very, very little. One might assume in a rational market some might see that as a good investment opportunity! A new RNS from Integumen confirming their intention to float and details of their four acquisitions to date: Http://www.investegate.co.uk/integumen-plc/rns/intention-to-float/201703310700150902B/ Also worth noting that VENN may distribute their shares in Integumen to VENN shareholders: "In the event that integumen completes the aforementioned transactions and successfully lists its shares, the board of Venn will decide whether to retain the investment in Venn or distribute the shares to Venn's shareholders".

For the record, the latest forecasts from N+1 Singer are: this year : 11.26p EPS, 3.46p dividend next year : 11.44p EPS, 3.56p dividend Simply too cheap at 81.5p.

RNS late last night - City Asset Management have gone above 3%, with 1.36m shares, having bought another 124,000 shares. Good to see another institution on board. Here's their web site: Http://www.city-asset.co.uk/ "What We Invest In As our investment approach is flexible, it gives us the freedom to use a range of different asset classes and investment strategies throughout the economic cycle. We specialise in finding the best fund managers across a range of different asset classes and sectors. Our dedicated investment management team create a diversified portfolio which will aim to generate the best risk adjusted return for your portfolio. Our in-house research team assess all investments prior to purchase. Investments are usually, but are not confined to, collective investment vehicles, both on and offshore."

Good to see the share price still rising. N+1 Singer today again reiterate their Buy and 98p target price. They've now increased their forecasts for the year ending tomorrow to 5.6p EPS, with a 2.1p dividend. Forecasts for the coming year and 2019 have been left unchanged for now - presumably until after the results are out for more certainty. They also note that SFR will have £29.7m net cash, rising to £40.1m by March'18.

from 1730p.... http://ican.tddirectinvesting.co.uk/alliance-news/broker-ratings-summary-lse-positively-reinitiated-after-deal-collapse-30-03-2017/

Continuing to move up....on decent volumes too.

today. The share price is now starting to react and is up 5.5p: Http://breakingfinancenews.com/investing/a-report-released-today-by-peel-hunt-about-carclo-plc-loncar-keeps-the-target-price-at-190-00gbx/218396/

Numis have increased their forecast for this year to 8.2p EPS, with a 1.6p dividend. At 118p the P/E is 14.4, which is pretty inexpensive for a company doing this well and likely to make further earnings-enhancing acquisitions. Using the 57% EPS increase last year to 7.63p EPS, the PEG is just 0.25, which is remarkably low. I suspect Numis' forecast is conservative and leaves room for further upgrades.

Online you can now only buy a maximum 1k shares, whilst you can sell an increased 4k at 551.2p. I suspect that the long-standing overhang has finally cleared.....

Good to see a £10,500 buy just now at 261p, above the published 260p offer price.

Hybridan pointed out in a new note yesterday that: - new client Stadler have recently won a framework agreement with Hungarian operator MAV-Start for "up to forty 600+ seater trains". More work for PEG perhaps? - most of the Stadler contract will benefit 2018 - PEG are still trading at a discount to their peer group - they see scope for a further re-rating "should the current run of contract wins continue" - they go for 2.95p EPS this year (2.09p fully diluted) - they forecast £2.8m cash at the end of this year

FYI here's the text of yesterday's tip by Simon Thompson: "Watkin Jones buying opportunity CareTech is not the only company on my active buy list that has conducted a major fundraising. The same is true of Watkin Jones(WJG:145.5p), a construction company specialising in purpose-built student accommodation (PBSA). It's a company I know well, having advised buying the shares around the 103p mark at the time it joined Aim last year ('A profitable education', 3 April 2016). I last rated the shares a buy at 134.5p a couple of months ago ('In the ascent', 23 January 2017) and my upgraded target of 155p was surpassed earlier this month when the price hit an all-time high of 162p. However, last week's placing of 49.25m shares at 140p by a family trust in which chief executive Mark Watkin Jones is a beneficiary, and the sale of 1m shares by finance director Philip Byrom, has led to a sharp pullback in the share price. It looks overdone, though, as Mr Watkin Jones still has an interest in over 29 per cent of the share capital, and Mr Byrom only sold less than a quarter of his holding, while liquidity in the shares has improved as new investors have come on board, including fund manager Woodford Investment Management, which snapped up 10.2 per cent of the shares in issue. Indeed, I feel that when the dust settles investors will focus once again on the sound fundamentals of the business, which has driven the share price higher since listing. Namely, the company has 21 developments with 6,800 beds slated for delivery during 2017 and 2018 and the pipeline beyond 2018 is robust - future earnings have been de-risked through forward sales of schemes to institutional investors, including all 10 projects due to be delivered this year and the profits and hefty cash generation realised from these schemes supports a highly progressive dividend policy. In my view, it now looks a rock solid bet that Watkin Jones will grow EPS by around 10 per cent to 13.7p in the 12 months to 30 September 2017. So, with profits rolling in, and net funds of £32.2m on the company's balance sheet worth 12.6p a share, a 50 per cent-plus hike in the dividend per share to north of 6p looks on the cards. This implies the shares are trading on around 10.5 times likely earnings and offer a prospective dividend yield in excess of 4 per cent. In my book, that represents value and offers ample upside to my new price target of 165p to 170p, so I continue to rate the shares a buy."

Simon Thompson says Buy as follows - his 250p target is pretty short-term imo relative to WH Ireland's 340p, which is much more realistic imo given EPS of 26.5p rising to 29.1p. ST will probably simply have to increase his price target again as he's had to do several times already! "Plotting a return to growth Alternative Investment Market (Aim)-traded Gama Aviation(GMAA:218p), an operator of privately owned jet aircraft, has modestly beaten analysts' earnings expectations, albeit its European air operations faced challenging market conditions due to "the absence of discretionary spend and lack of confidence", noted chief executive Marwan Khalek during our results call. The sharp decline in divisional underlying cash profits wiped out growth posted in other parts of the business, leading to a fall in Gama's adjusted pre-tax profits from $14.6m to $13.7m to deliver EPS of 30¢. Bearing this in mind, both finance director Kevin Godley and Mr Khalek expect modest growth from the European ground services in 2017, a view backed up by "the current pipeline and level of enquiries in areas we weren't seeing in 2016". That's good news, as is a "right sizing" of the European air business and exiting from underperforming contracts, which improved margins and boosted profits. Add to that a surge in cash profits from Gama's fast-growing US aircraft management businesses, which are being merged into a joint venture with BBA Aviation (BBA), and a return to growth this year is highly likely. Analyst John Cummins at WH Ireland and Robin Byde at Cantor Fitzgerald both expect EPS to rise by around 10 per cent to 33¢ in 2017, implying that the shares are rated on a modest eight times forward earnings, or half the support services sector average and significantly below the ratings of rivals Air Partner(AIR) and BBA. The other key take for me was management's guidance for a "significant improvement in cash conversion". Mr Godley expects net debt to halve to $9m-$10m by the year-end, which is not only good news for a continuation of the progressive dividend policy - the payout increased modestly to 2.6p a share - but with a net debt to cash profit ratio of 1.1 times well within banking headroom of 2.5 times, the company is well funded to consider making further acquisitions. The bottom line is that, having last recommended buying at 175p ahead of the results ('In the ascent', 23 January 2017), and seen my 225p target price subsequently achieved, I feel that a return to growth this year should deliver further upside and so have upgraded my target price to 250p. Buy."

An RNS update on the Integumen IPO is just out: Http://www.investegate.co.uk/aim/rns/schedule-1-update---integumen-plc/201703300851489989A/ VENN's holding is very slightly increased. VENN will now have 25.59% of an £8.25m m/cap based on a 5p admission price, i.e £2.1m of shares. Admission date is still 5th April.

Good news. I'd assume IAG is one of them, but the other must be even newer. IDEA certainly seem to have a dominant position in this growing sector. And this just adds to the recurring, secure revenue streams over the next 5 years. Lovely stuff: http://www.investegate.co.uk/ideagen-plc--idea-/rns/new-aviation-saas-contracts-worth--1-8m/201703300700149354A/ "New Aviation SaaS contracts worth GBP1.8m Ideagen, a supplier of information management software to organisations in highly regulated industries, is pleased to announce it has secured two new SaaS contracts from leading Tier 1 global airlines. The combined total contract value is approximately GBP1.8m which will be recognised over 5 years. Both airlines will adopt Ideagen's cloud-based safety and reporting software product, Coruson, to implement a safety and risk management system across their operations. Coruson, a SaaS software product, will enable both airlines to proactively manage safety and security and provide staff with a mobile incident reporting application. These contracts strengthens Ideagen's position in the aviation safety sector represent the first sales of Coruson which provides, a scalable and fully integrated safety platform, to Tier 1 airlines. The company already provides software and services to over 100 regional and national airlines including Emirates, KLM, Thomas Cook, Brussels Airlines, Spirit Airlines and Air Transat. David Hornsby, Ideagen's Chief Executive Officer, said: "Across the aviation industry, we continue to see strong new business demand for our software and we are confident of further extensive growth in this particular area. These contracts represent a significant milestone for the Company and are testament to both our product innovation and ability to successfully engage with larger organisations in aviation and beyond."

Ambitious-looking entertainment ticketing acquisition today from cash: Http://www.investegate.co.uk/accesso-technology--acso-/rns/acquisition-of-ingresso-group-limited/201703300700139599A/ And a remarkable second RNS, whereby the CEO of the acquire is subscribing for £500,000 of new ACSO shares AND promising to invest 40% of any earn-out proceeds into more ACSO shares. He must have been incredibly impressed by this company of ours! Http://www.investegate.co.uk/accesso-technology--acso-/rns/subscription-agreement--issue-of-shares-for-cash/201703300714319600A/

Today's RNS is primarily about an acquisition, but most importantly, today's RNS also says this: "The Board confirms that the Group continues to trade in line with its expectations for the year ending 31 March 2017." CAR is now extremely cheap imo on a historic P/E of 11. It's good to see an earnings-enhancing acquisition this morning, adding to the LED division: Http://www.investegate.co.uk/carclo-plc--car-/rns/acquisition-of-fltc--europe--a-s-/201703300700109513A/ In particular, this will speed up "expanding its Wipac LED lighting operations into both the low volume and mid volume prestige car markets".