Member Info for rivaldo

The CEO is very positive today.... Http://www.yorkshirepost.co.uk/news/severfield-wins-contract-for-london-s-newest-city-skyscraper-1-8216175 Extracts: "T​he Thirsk-based firm​ has been appointed ​​​​the steelwork contractor​ on ​​​​22 Bishopsgate in the City of London. Analysts said the prestigious contract will be worth up to £50m ​​​as Severfield helps to build one of the top three tallest buildings in the City of London. T​he ​contract was awarded based on ​Severfield's reputation as the steel company behind Wimbledon’s No. 1 Court, London's tallest building The Shard and Tottenham Hotspur FC’s new ​football ​ground​." ""We are particularly encouraged by the industrial sector," said Mr Lawson. "Orders are coming through, especially on the retail side of things. Things seem pretty good. The pipeline is robust with opportunities going forward. "The business went through a lot of turmoil three or four years ago, but we've put those woes behind us." He added that the contracts demonstrate the breadth of the group’s capabilities and the quality of its order book. "The ​g​roup has a longstanding history of working on iconic London buildings such as The Shard, London Bridge Station and Wimbledon No 1 Court. Our design, experience and engineering skills have resulted in a strong pipeline across a range of sectors."

GMAA are about to be on a P/E of 4.2 for 2017 given forecasts of 26.11p EPS for this year and 28.81p EPS for 2017. Even the forecast divi (varying between 2p and 2.77p depending on the analyst) is looking useful now! I can only surmise that a determined seller or two, along with stop losses being hit, has resulted in this (imo) bargain price, especially considering that Europe - which is the sole problem area - is such a small part of the overall operation, and even this is not such a problem area since it's essentially just flat, as this new interview with the CEO indicates: Http://www.ainonline.com/aviation-news/business-aviation/2016-11-02/gama-pitching-long-term-success "GAMA Pitching for Long-Term Success by Ian Sheppard November 2, 2016, 8:00 PM GAMA Aviation—best known in the U.S. for operating Wheels Up’s fleet of King Air 350is—continues to grow its international presence and develop what it believes to be a more-or-less unique model, combining FBOs, a managed/charter aircraft fleet and an MRO. Marwan Khalek, founder and CEO, told AIN at NBAA 2016 that its managed fleet continues to grow, noting that the company (Booth 3319) will soon add three more aircraft in Hong Kong. In addition, he said, GAMA it is preparing to build a new facility in Sharjah, where it already has an operation, that will allow it to tap far more into the lucrative Middle East market. The company will be expanding more on these plans next month at the MEBAA show. Meanwhile, AIN recently visited GAMA Aviation’s new FBO in Jersey, where the company held a private viewing event with a range of aircraft from OEM dealers in the UK. As well as its Wheels Up contract, GAMA Aviation also manages aircraft that it charters out for the owners, and this fleet is growing, Khalek said. “For us, the U.S. has been a good growth market. Wheels Up is evidence of that but we mustn’t lose sight of the success in our core business in the management business, particularly in the U.S. “Europe remains flat, but the maintenance side is still pretty good. And it’s pleasing that we’re seeing movement in the Far East and Middle East now.” He said the model of managing aircraft for owners and using them for charter remains robust and popular, “particularly in places like Sharjah.” On Wheels Up starting up in Europe, he said, “It is very much on the horizon and we’re putting in place a complex plan for when they decide it’ll happen.” He suggested that the only reason it hadn’t happened already was the amount of resources being used for growth in the U.S. “We’re really excited about rolling that out,” Khalek said. Further afield, the GAMA Aviation CEO also said, “We’re relaunching the Africa business,” without elaborating, before concluding that the company has “a well defined strategy, partly through organic gr

RNS - great to see the high profile 22 Bishopsgate win, as well as a number of others totalling £72m: Http://www.investegate.co.uk/severfield-plc--sfr-/rns/contract/201611030700071848O/ The UK order book was already at around "its highest position for over six years" at £268m, so this should take it to even higher levels.

Rising nicely now.

Good to see a sizeable £50,000 maiden share purchase from the new Chairman: http://www.investegate.co.uk/venn-life-sciences--venn-/rns/director-pdmr-shareholding/201611020703110838O/ Hardly surprising given VENN are on a single-digit P/E now. For the record, the latest forecasts from Hybridan are: this year : 2.35p EPS next year : 2.63p EPS

Http://www.yorkshirepost.co.uk/news/renew-beefs-up-rail-business-with-7m-deal-1-8211918 "A​nalyst Nick Spoliar at WH Ireland said: “Renew’s acquisition of Giffen Holdings, a specialist in mechanical,​ ​electrical and power services in the rail context, caused us to upgrade our forecasts​ ​by 4​ per cent​ and our target price from 450p to 470p correspondingly.​“ ​ He said the deal is “extremely complementary​“​ and​ ​represents no departure from R​enew​’s previous successful model. ​It also opens​ ​up access to contracts which were previously barred to R​enew on account of its​ ​previous lack of these specialist power skills in its core rail maintenance​ ​business​. Mr Spoliar described this as ​a major plus. “​The first acquisition under the new CEO, and only the second from private equity since the AMCO deal, we view this as a reminder of the qualities which have enabled the company to progress through good times and bad in the past decade. Buy,” added Mr Spoliar. ​Analyst Howard Seymour at Numis added: “We have argued for some time that the Renew business model has enabled double-digit organic growth in predictable and key non-discretionary infrastructure markets, while the strong balance sheet will provide funding for complementary earnings enhancing acquisitions. “The acquisition of Giffen provides clear evidence of this and we upgrade our estimates by 4 per cent for the current year to take account of what looks to be a very sensible and timely acquisition to expand Renew’s existing Rail operations. “Post acquisition Renew remains in a net cash position and we therefore believe both organic and acquisitive potential remains significant.​“ Earlier this month Renew ​reported growth in revenue and profit for the year to September 30 and said full year results will be in line with market expectations​."

SDI are forecast to make 1.8p EPS this year and 1.9p EPS next year, so on a P/E of just 7.3 there's potentially loads of upside. And that's without taking into account the £1.7m cash pile at the year end (almost 20% of the £9m m/cap). Opus has traded well since its acquisition in 2014 according to all the company's RNS's. Indeed, its product range is being expanded this year, which is encouraging. Sentek has been a terrific success since it was acquired, adding big profits and secure recurring income. It's not good enough to refer to generalities such as competition and pricing - all companies have these to overcome. Be more specific, otherwise there's no usefulness in such comments.

WH Ireland have upgraded their target price to 470p, and have also increased their EPS forecast for the current year to 31.7p EPS, with a 9p dividend. Re-rating time.

They go for 11.2p EPS this year and 12.7p EPS next year: Http://www.edisoninvestmentresearch.com/research/report/carclo529716/preview/ "On 14 October Carclo acquired US-based Precision Tool & Die (PTD) for an initial consideration of $5.5m (c £4.5m). The acquisition has been funded through a placing raising £7.7m (net) at 120p/share. H117 trading was in line with management expectations. We revise our estimates accordingly and derive an indicative valuation of 144-152p/share." Also: "Since around two-thirds of group revenue is derived from outside the UK, there is also a potential FX benefit from retranslating overseas profits. We treat this as upside as well." Macaumike, I think CAR's problem is that whilst the core businesses are evidently terrific, with excellent growth historically and going forward, CAR have been prone to cock-ups every couple of years (i.e thin film, CDS, pensions/distributable reserves). I suppose the good news is that at least current management seem able to identify any problems and are completely open with the markets about how they're being addressed. I note that bond yields are now back to their highest levels post-Brexit and not far off pre-Brexit levels. Perhaps at the year end the situation will have normalised to the extent that the dividend can be reintroduced.

Nice mention for Sentek here as a "prominent player": Http://www.digitaljournal.com/pr/3110147 "Global Soil Moisture Sensors Market to Exhibit 15% CAGR 2016–2020 as Need for Improving Agricultural Productivity Rises Albany, NY -- (SBWIRE) -- 10/18/2016 -- The 56-page research report, titled "Global Soil Moisture Sensors Market 2016-2020," offers a thorough overview of the market. The product segmentation, growth drivers, challenges, key geographical segments, and the competitive landscape of the global soil moisture sensors market have been discussed at length in the research study. As per the research report, the global market for soil moisture sensors is estimated to register a strong 15% CAGR between 2016 and 2020. The growing necessity for conservation of water in irrigation systems and growth of environment-focused NGOs and regulatory bodies are the primary factors estimated to drive the demand for soil moisture sensors. In addition, the need to improve agricultural productivity by measurement of soil moisture content is expected to augment the growth of the market in the coming years. However, the low rate of adoption in emerging economies is projected to restrict the growth of the market. Read more: hxxp://www.digitaljournal.com/pr/3110147#ixzz4OMup3t5z etc" And also a new software upgrade from Atik: Http://www.atik-cameras.com/news/atik-infinity-software-version-1-4-released/ "Atik Infinity Software Version 1.4 Released October 17th, 2016 We’re very pleased to announce the release of Infinity Version 1.4. This latest release features a number of updates, such as new saturation and brightness controls and the ability to add cross hairs to an image, but perhaps our favourite of the latest additions is the introduction of fine histogram controls. These allow you to make much more delicate adjustments to the levels on the histogram, resulting in finer control over the display of your images. etc"

Good news that institutional investors are happy to take £5m of shares between them at 13.25p. The good news story here will continue if the Thorntons wish to retain their reputation and sell further blocks of shares in the long term. The January update should therefore hopefully confirm the outlook from the interims: "The momentum built in the last two years continues unabated with the second half of the year starting strongly. Since 30 June 2016, a major retail focussed corporate customer of STC, having engaged with Inspired's Risk Managed Team, has entered into a contract that is now the largest signed by the Group to date. We look forward to delivering another set of strong results for the year ended 31 December 2016. With the continued growth in the Corporate Order Book the Board is confident that the Group is well positioned for the medium term."

Nice tip for SOM on Investors Champion as a dollar earner: Http://www.investorschampion.com/blog/entry/us-dollar-earners-on-aim-listed-over-here-but-doing-very-nicely-over-there "With the pound struggling at a near three decade low against the US dollar we thought it was appropriate to cast a glance at a few ‘fast growing’ US businesses with lots of lovely US dollar earnings that have found their way across the water onto AIM." "Somero Enterprises Inc. (AIM:SOM) has its HQ in Fort Myers, Florida and manufactures laser-guided machinery used in horizontal concrete placement, to “advance the productivity, concrete flatness and efficiency of the jobsite�. We last covered the Group in our Blog on 4th March 2016 (‘Where is the value in small caps’) since when the shares have climbed modestly higher to a current 170p having been as high as 188p in September 2016. Key end markets for the Group’s products are distribution warehouses which, due to automation and very high racking, demand perfectly flat concrete surfaces. Much has been made of the potential growth in China and Europe for its products but, as we commented previously and reflected in the most recent interim results, for us this remains largely a play on the US economy, for the next few years at least. Interim results for the six months ending June 30, 2016 saw revenue rise 18% to US$39.7m, pre-tax profit up 26% to US$ 10.4m and earnings per share up 33.3% to 12 cents. There are lots of horrible EBITDA references in the numbers but we like to focus on simple cash flow which rarely disappoints with this business with net cash provided by operating activities a commendable US$5.7m in the 6 months and free cash flow US$1.95m after significant investment in their new Fort Myers facility. Net cash at June 30, 2016 was US$ 11.1m. North American sales represented 75% of the total at US$29.8m having increased 24% in the 6 months. Having disappointed previously, sales to China rose 15% but remain modest at US$3.8m, however this is evidently plenty to go for there. Management commented how the positive trading momentum in North America has continued into 2nd half of 2016 reflecting a healthy non-residential construction market in the United States driven by demand for new products, replacement equipment, fleet additions, and technology upgrades. The ongoing construction growth and project backlogs their customers are experiencing point to continued solid performance in the North American market for the remainder of 2016. With most of the big capital expenditure out of the way, free cash should start to flow gloriously again over the next few years. Free cash flow averaged US$9.6m for the 3 years to December 2015 and by our reckoning could be well above US$13m per annum going forward, equivalent to approximately £10.6m

The latest forecasts, all post the latest trading update, are as follows N+1 Singer : this year 12.64p EPS, 5.12p divi, next year 14.6p EPS, 5.63p divi Shore Capital : this year 10.2p EPS, 5.2p divi, next year 12.6p EPS, 5.7p divi Cannaccord : this year 10.8p EPS, 5.1p divi, next year 13.4p EPS, 5.6p divi This puts NCC on a current year P/E of 15 to 19, dropping to 13 to 16 next year (assuming H2 goes as NCC expect with no further glitches). Even the divi yield looks useful now! IMO in the next 2-3 years NCC's share price could go anywhere from back up to 350p to say 500p-700p. Whether it goes down a few more pence from here is pretty immaterial - this is a quality company in a huge growth sector which has had some one-off glitches and will recover. Unless it gets taken over first.

http://www.hardmanandco.com/docs/default-source/company-docs/omega-diagnostics-group-plc-documents/31.10.16-diagnosing-growth-opportunities.pdf Hardman forecast 1.14p EPS this year and 1.25p EPS next year. With the various "blue sky" opportunities now at or approaching commercialisation they're almost in the current price for free.

I note that the House in Pennsylvania have approved the new State Gaming laws covering approval of online gambling etc - November 15th is the big date for approval in the Senate: Http://www.casinoscamreport.com/pennsylvania-house-votes-approve-state-gaming-laws-bill/ Also, presumably the new UK Government investigation potentially banning any TV gambling advertising before 9.00 pm is also good news here as it would mean that marketing expenditure would presumably be diverted, in at least part or possibly substantially, to online.

....in just over the last 3 months - for a £7m m/cap company. Not bad going :o)) Forecasts for next year are already above 2p EPS. There's no reason why the share price shouldn't progress very nicely from here over the next few months given the security of income going forward.

Http://www.screendaily.com/news/doctor-strange-tops-trolls-at-uk-box-office/5110797.article?blocktitle=UK-BOX-OFFICE-NEWS&contentID=40105 "EONE The Girl On The Train fell only 39% with a $1.48m (£1.22m) fourth weekend as it crossed the £20m mark at the UK box office. eOne's adaptation is now up to a terrific $24.85m (£20.43m) and should overtake Gone Girl's $27.25m (£22.4m) haul by the end of its run. Also for eOne, I, Daniel Blake followed up its record-breaking opening with a $577,000 (£474,188) second weekend. That's a boost of 17% (excluding previews) likely thanks to an expansion to 214 sites, and Ken Loach's critically acclaimed drama has already grossed $1.61m (£1.33m) in the UK. The BFG and Supersonic stand at $37.02m (£30.43m) and $888,000 (£730,404), respectively."

Good acquisition for £7m from cash, so will undoubtedly enhance earnings to the tune of £0.7m PBT or more, and in RNWH's core area of rail too which is good to see. Plus the chance of cross-selling re London Underground: Http://www.investegate.co.uk/renew-holdings-plc--rnwh-/rns/acquisition/201611010700089293N/

Profitability still in line overall: "However, the Group's rate of growth in profitability will now be more biased towards the second half of the year than initially expected, but remains in line with the Board's expectations." And "Overall, we continue to make good progress across the business with strong organic growth". Plus NCC "remain on course to sustain our double digit organic revenue growth." Revenues surging ahead 36% in the quietest trading period, especially in the USA. Plus order books also surging: "forward order books and renewals of £108.8m, up from £71.9m this time last year". And a nice decrease in debt. However...certain contract cancellations, deferrals etc have made the year end outcome more dependent on H2. Certainly mixed. But overall the business seems to be in very good health, with excellent growth tempered by some one-offs this half.

Ben & Holly are being launched in Canada this month - with merchandising to follow in Canada and "Greece, Russia and Latin America": Http://www.licensing.biz/news/read/eone-s-ben-holly-s-little-kingdom-heads-to-canada/044813 "The series will make its debut on October 28th on Canadian network, Treehouse. Entertainment One’s (eOne) pre-school series Ben & Holly’s Little Kingdom is set to make its debut on Canadian network, Treehouse. Launching on October 28th at 8am, Treehouse has acquired seasons one and two of the series. “As Ben & Holly’s Little Kingdom continues to gain a foothold in international territories, the confirmation of a broadcast partner in Canada further underpins its universal appeal,” said Monica Candiani, head of international sales at Entertainment One Family. “Treehouse gives us the perfect platform to launch the series to Canadian families and we look forward to working with them to make the show a big success there.” eOne is now preparing to roll out its consumer products programme for the brand in Canada, with merchandise already launching in Greece, Russia and Latin America."