Member Info for rivaldo

I sold this morning. Just too many uncertainties. I had hoped the reliance on sales of premium domain name sales would be solved by the Instra purchase and other core business growth, but this hasn't yet been the case. I think the share price might slip a fair bit further, so best to protect oneself.

and with recent orders the order books have been restored to high levels. With £189k of amortisation, share-based payments and exceptionals, the adjusted profit is actually £664k, giving 1.9p adjusted EPS for H1. The fully diluted H1 EPS is 1.3p. Either way, it looks like PEG will certainly meet and likely beat 1.9p EPS expectations for the year. Plus PEG have £2m net cash. The QRO acquisition now looks ridiculously good at a net cost of just £239k. The outlook says it all: "Since the half year the Group has continued to trade well with new orders totalling over £4 million secured and with further business under negotiation for 2017 and beyond. With the strong results for the first half year and the current orders scheduled for delivery in the second half year, the board is confident that the Group is well placed to deliver full year results in line with market expectations."

Paul Scott holds and is very happy with SOM: http ://www.stockopedia.com/content/small-cap-value-report-6-sep-2016-som-itq-149475/ Extract: "Valuation - broker consensus is 25 US cents for EPS this year, or 18.7p. So at 169p per share, the PER is only 9.0 for this year. That seems a remarkably pessimistic valuation. Balance sheet - this is in terrific shape, with a very strong working capital position - the current ratio is excellent, at 3.27 - for me, anything over 1.5 is strong. There is $12.1m in cash sitting on the balance sheet, less a small mortgage of about $1m. So the company is in a smashing position overall. My opinion - this is a core long-term holding of mine, so today's results confirm my positive view of the company, and a very low valuation. I think the market was traumatised by Somero lurching into losses in the GFC in 2008. But so did loads of companies. The entire banking system collapsed, for goodness sake. Personally I think it's extremely unlikely that such a severe downturn is likely next time we have a recession. Plus SOM is now in very much stronger financial shape than back then in 2008, so it should be able to withstand anything the economy can throw at it. Essentially this share is a bet on the US economy. If you think it's going into recession, then SOM shares are probably best avoided. If you don't (and you turn out to be right), then this share could be a bargain. Overall, I really like it. This company is the global specialist in a niche market, and given that concrete sets in about an hour, then support & service will always count for a great deal in this sector. Am tempted to buy more actually."

Liberum today reiterate their Buy and 170p target: Http://www.fiscalstandard.com/2016/09/06/analysts-at-liberum-capital-reiterated-creston-plc-loncre-as-buy/ Edison's 130p would be fine, but 170p is much more like it. Lesville, DBAY, Artemis and Argonaut now hold almost 50% between them. They're not just in it for the dividend. A little more patience will be well worthwhile at some point imho.

They keep forecasts unchanged at 12.1p EPS with a 4.6p dividend. They also forecast a �4.2m cash pile at the end of this period. Hopefully CRE will be on the acquisition trail soon.... Http://www.edisoninvestmentresearch.com/research/report/creston18/preview/ "Valuation: Continued discount When compared with agency peers, Creston�s shares are trading on a discount of more than 30% on an annualised 2016 EV/EBITDA basis at 5.1x. A DCF under varying conservative assumptions on WACC and terminal growth rates also indicates a share price in a range of 114p to 130p. With a (comfortably covered) dividend, the yield is well in excess of market and sector levels. DBAY Advisors, which is represented on the board, holds 28.0% of the equity, with Artemis holding a further 15.6%."

It seems the legendary Gervais Williams is a fan of CHT. He runs the Miton UK Microcap Trust - and CHT is the seventh largest holding in the Trust. At 2.1% of NAV their holding must be worth almost £2m.... Http: //www.proactiveinvestors.co.uk/companies/news/148089/small-cap-guru-s-top-ten-stocks-revealed-148089.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-356569-proactivity+-+05%2F09%2F2016

Nice 33k buy at 15p caused another move up - new recent highs coming?

RNS - results will be out 10th October, encouragingly with an analyst presentation for the first time ever for the interims, and the AGM will be 29th November: Http://www.investegate.co.uk/surface-transforms--sce-/rns/notice-of-results/201609050700088793I/

FinnCap reiterate guidance, tweaking earnings up slightly for FY16 due to a lower tax rate, "No change to our trading forecasts that we upgraded recently in July. We have marginally reduced the tax rate from 36% to 35.5%, increasing EPS from 22.5c to 22.7c, up 0.7%. Following a better than expected interim dividend increase, we have raised the FY dividend from 7.2c to 7.6c, up 5.6%. The shares now trade on a P/E of 9.7x in 2016 followed by 9.0x, or – perhaps more importantly – an EV/EBITDA of 5.0x followed by 4.8x. This looks great absolute value for a group seeing structural and cyclical growth drivers, but also great value compared with its peer group. Our recently raised TP of 205p is based on a fair value P/E of 12.0x in the current year and 11.0x in 2017 and offers upside of 24%. The strong interim results, positive outlook and attractive rating all point to the shares being well placed to continue to outperform."

Looks really solid, with the order book increasing slightly overall to £305m. H1 results are coming on 22 November: Http://www.investegate.co.uk/severfield-plc--sfr-/rns/agm-trading-update/201609060700079590I/ "Outlook With its strong order book, continuing profit improvement programme and our ability to work across a wide range of market sectors, including infrastructure, the UK business is well placed to continue to meet expectations. The Indian business continues to perform steadily and is well placed to benefit from any improvement in the Indian economy. Overall, the Group is on track to progress as expected over the remainder of the financial year."

Today's AGM statement includes the crucial statement: "Group Headline PBT is well ahead of the comparative period reflecting the benefit from the ongoing implementation of operational efficiencies commenced in the prior year and some benefit from the weakening in UK sterling" Looks like EPS may be nicely ahead of the forecast consensus 11.9p EPS (and 4.65p dividend) if this continues, as H1 PBT is "well ahead" of last year's 4.98p H1 EPS. Hopefully EU uncertainty will clear as per recent surveys and accelerate the marginal growth in revenues: Http://www.investegate.co.uk/creston-plc--cre-/rns/agm-statement/201609060700080063J/

Terrific results - almost 10p EPS in H1 alone! Plus on track for a 7.5c dividend, i.e around 5.7p. And SOM have an $11m cash pile. And crucially: "the solid activity levels from H1 2016 have carried over to July and August as we continue to see significant opportunities across our broad portfolio of markets" China is improving nicely, the USA is roaring away and other weaker areas are seeing signs of growth. SOM are managing expectations nice and conservatively, but forecasts of 17.1p EPS this year look like being well beaten imo: Http://www.investegate.co.uk/somero-enterprises--som-/rns/interim-results/201609060700080090J/

The recent results were steady as she goes, and the subsequent fall was unjustified imho. Given the long-term Network Rail work, the continuing presence in Afghanistan and the likely improvement at Derby I'm happy to hold and perhaps pick up some more given the prospects. With forecast 8.6p EPS, the P/E is now down to only 6.7 for this year. The 3.3p dividend is another big incentive to hold. Finncap said post-interims: " good set of results RTC has generated £0.513m of PBTA in 2016 (H1-2015A; £0.464m PBTA), an 11% increase, and 2.7p FD EPS (+15%). Net debt of £3.9m has reduced significantly YoY from >£4.5m in a half year in which the company has invested significantly. The 1.1p dividend is in line with our expectations (+10% YoY). • Strong performance from Ganymede RTC’s Ganymede business, which supplies contingent / temporary staff mainly to the rail and energy sectors, had a very encouraging H1, with sales and operating profits up 41% and 68% respectively, with margins up from 5.8% to 6.9%. This is largely on the back of last year’s Network Rail win, now successfully brought on stream, and ongoing for a further five years. • Mix changes elsewhere Beyond Ganymede, temp is rising as a proportion of ATA’s business, focusing on grey/white collar recruitment in specific sectors. This is a long term strategic objective which has been quickened by the softening perm market. GSS, the overseas business, has held steady, a good result, and significant investment has been made into the Conference Centre and largely completed in H1. • Post-Brexit vote, forecasts retained We retain our forecasts, bearing in mind the steady, long-term characteristics of the Ganymede business in particular and the likely upside in the Conference Centre as the investment starts to take effect; and will revisit the detail at a later point in the year. The company highlights the “unsettled” conditions which are clear to all following 23rd June, but appears to be making a good fist of driving the business forward. Buy."

Encouraging to see a tick up on just £1k of shares bought. Looking increasingly like those big trades on Thursday have cleared an overhang. With forecasts of 1.19p EPS and 1.35p EPS - plus a 3% or so dividend yield - INSE are still on a paltry rating for a company showing such growth (and ambition).

Results tomorrow - remember this from July's trading statement: "The strong performance in June and the continuation of the positive trading environment together with margin improvement and solid operating cash flow generation mean the Company now expects to report results slightly ahead of current market expectations for the full year ending 31 December 2016"

Looks like Henderson Smaller Companies have been buying recently too per this article on Friday night: Http://www.thisismoney.co.uk/money/investing/article-3771274/HENDERSON-SMALLER-COMPANIES-s-risky-bet-small-firms-mean-big-profits.html HENDERSON SMALLER COMPANIES: It’s risky - but a bet on small firms can mean big profits WHAT DOES IT DO? Invests in small UK businesses with the potential for growth. Recent additions to the portfolio include.....Accesso, which offers online ticketing services."

ToysRUs are very optimistic about PJ Masks merchandise in the USA: Http://www.app.com/story/money/business/consumer/2016/08/27/back-to-school-shopping/89475824/ "At Toys “R” Us, back-to-school is a good warm-up for its most important season, the holidays, and also an early indicator of which licensed toy characters will be holiday hits. This year, merchandise such as backpacks and lunchboxes related to the animated PJ Masks television series on the Disney channel looks like a top back-to-school seller, said Jamie Uidtenhowen. vice president and general merchandising manager at Toys “R” Us. “Every year at this time we get great reads off of the licenses for fall, and we’re really optimistic with what we’re seeing from that property,” he said."

CHT have been tipped in the IC....with the forecast now increased to around 17p EPS this year, plus a $10m+ cash pile, I'd hope CHT will gain further momentum over the coming weeks: Http://www.investorschronicle.co.uk/2016/09/02/tips-and-ideas/share-tips/constellation-shines-thanks-to-us-healthcare-complexities-HqTVLwawG0zVHYODjcHotI/article.html "Healthcare provision in the US is incredibly complex, made even more so by its continued evolution to cater for the ageing demographic, new insurance models and increasing healthcare needs. Medical services provider Constellation Healthcare (CHT) "is well placed to take advantage of this new paradigm", according to chief executive Paul Parmar. The group has spent the past few years bulking up its operations through acquisitions and is now starting to reap the rewards. That acquisition strategy has been complemented by organic growth, which peaked at 22 per cent sales-wise during the first half of the financial year. Constellation continues to increase the number of doctors using its medical billing platform and won 15 new clients in the period. Cost cutting, particularly in the medical billing division, helped to inflate adjusted operating profit margins, boosting total operating profit by 92 per cent to $57m (£43m). Investments in the comparable period last year stunted free cash flow, despite the cash-generative nature of the business model. But with those investments now yielding benefits, free cash flow has moved from a $4m outflow to an $11m inflow. Thus, Constellation has paid off some of its debt and moved into a net cash position as a result. Broker FinnCap has upgraded 2016 full-year forecasts and now expects adjusted pre-tax profits of $31.6m and adjusted EPS of 22.1? (from $20m and 20.4? in FY2015). IC View The shares climbed 5 per cent on the back of these results but, having been treading water for the past few months, are trading on just nine times forward earnings. This fails to price in the potential growth on offer across the US healthcare market, as well as future contributions from recent acquisitions. Buy."

Yesterday the USA announced that July was "the strongest month for non-residential construction on record". This has to be good for SOM: Http://www.cnsnews.com/news/article/business-highlights-218 "The advance in July was led by a 1.7 percent increase in spending on non-residential projects which rose to an all-time high of $429.5 billion at a seasonally adjusted annual rate. Office building and shopping centers both showed solid gains."

Yesterday Evil Knievil noted he'd bought another 100,000 OMI at 16.5p: Https://masterinvestor.co.uk/evil-diaries/evil-diaries-credit-due/?utm_source=Master+Investor&utm_campaign=b24748ad03-Master_Investor_Daily_Bulletin9_1_2016&utm_medium=email&utm_term=0_25eff0bb7f-b24748ad03-34898813 "By way of housekeeping I bought 100,000 Orosur (LON:OMI) at 16.5p"