Member Info for rivaldo

NCC are namechecked by Peel Hunt today as regards the ARM takeover (as well as IQE and ACSO which I also hold): Https://www.theguardian.com/business/marketforceslive/2016/jul/18/ftse-boosted-by-arm-takeover-as-analysts-look-for-further-deals "Despite the recent economic and political uncertainty, we note that an all-cash deal has been agreed. We continue to believe that UK technology companies could be acquisition targets for large global companies looking to add intellectual property or customers (the deal rationale for Softbank in our view) and expect to see further M&A activity in the sector. We could see near-term investor interest in other semiconductor names (eg IQE and Imagination Technologies); global leaders (eg GBGroup, NCC, Accesso); Internet of Things/virtual/augmented reality plays (eg Telit, Bango); or larger UK tech names with strong free cash flow and dividend (eg Micro Focus)."

WH Ireland have retained their forecast of 24.42p EPS this year (with a 2.48p dividend), and 27.03p EPS next year. GMAA are significantly undervalued on that basis. The share price just moved up 5p on a 750 share purchase....the fall here has been exacerbated by poor liquidity. It shouldn't take much to move the shares back up 50% or more, which would still only just be a P/E of 10 or so..

93,000 shares bought today at 22p or just under, including a 50k at 22p. And online I can sell 100,000 at 21p, but only buy a maximum 25k at 22p.

Rising today on decent volumes - a good sign.

Quite some upside from the present 144p or so: Http://baseballnewssource.com/markets/carclo-plcs-car-buy-rating-reaffirmed-at-finncap/38517/

Macquarie have a 120p target here: http://www.proactiveinvestors.co.uk/companies/news/128262/opg-power-ventures-fully-delivered-on-targets-says-macquarie-128262.html "OPG Power Ventures fully delivered on targets, says Macquarie 16:14 15 Jul 2016 Broker Macquarie rates India-focused power generator OPG Power Ventures PLC s 'outperform' and says "significant upside" is on the way. Broker Macquarie rates India-focused power generator OPG Power Ventures PLC (LON:OPG) as 'outperform' and says "significant upside" is on the way. It has a 12 month target and valuation of 120p on the stock, against a current price of 54.75p. Since the beginning of 2014, the group has successfully delivered on its targets by more than doubling its ‘operating’ capacity, thereby removing any ‘residual’ pipeline risk," says analyst Dominic Nash. Indian GDP (Gross domestic product) is nearing 8%, and OPG has derisked its business model and recently made a foray into the renewable space (solar). "However, OPG’s share price has decoupled from fundamentals and is currently trading even below pre-2011 levels," the broker notes. Macquarie believes it is unfeasible that coal will be displaced as the ‘workhorse' fuel. The OPG fleet is new and complies with coal-emissions regulations, it added. It has now delivered its target of 750Mw of installed capacity, and once commissioned, the broker sees a two-fold increase in EBITDA (underlying earnings) to £86.3mln in 2018 estimates. It recently announced the development of a 62Mw solar project in Karnataka, with a 25 year PPA (power purchase agreements),which the broker sees as 3p a share value accretive. The firm is aiming for over 300MW of renewable projects in India, adding 16p or 13% to the broker's valuation. Dividend yield should grow over 8% from 2018, the broker added."

RNS this morning : good to see BlackRock increasing above 5% with 2.95m shares: Http://www.investegate.co.uk/keywords-studios-plc--kws-/rns/holding-s--in-company/201607180722194189E/

Back above 500p. Looks like Friday's and today's buying has taken out spare stock. Online I can sell 3,500 shares at 495p, but can only buy a maximum 150 shares at 519.9p!

Nice - 1.8m shares just been reported at 210p. Perhaps the end of an overhang

You can now buy 70k at 11p online, so some stock is finally available. You can also now sell 150,000 at a higher 8.45p, so there's likely also a buyer for the shares out there.

Good to see £30,000 of buys just reported at near the full offer price. There must be a bit of stock out there, which someone is taking the opportunity to mop up.

Good review of LVD's update here: Https://www.fool.co.uk/investing/2016/07/14/should-you-buy-mccolls-retail-group-plc-lavendon-group-plc-and-btg-plc-following-recent-news/ "A bubbly trading update has sent Lavendon Group’s (LSE: LVD) share price shooting 9% higher in Thursday trade. The power equipment provider — which collapsed to four-year lows last week — advised that total revenues leapt 15% during January-June, while rental revenues advanced 13% from the year-ago period. Lavendon therefore “remains confident of delivering its expectations for the full year,” it advised, and with good reason: market share grabs are helping to drive sales higher in the UK, Lavendon’s largest single market. Meanwhile, investors fearing a Brexit hangover can take heart from Lavendon’s hefty overseas exposure. The Middle East and Continental Europe are responsible for 29% and 27% of group revenues respectively, and sales in these regions continued to climb in the first half. I believe a forward P/E rating of 6.8 times makes Lavendon an attractive stock selection looking ahead."

One of their "Plays of the Week" - here's the intro: Http://www.investorschronicle.co.uk/2016/07/14/tips-and-ideas/share-tips/secure-growth-with-ncc-xqR2VLsiPeIe2x9BzXsTKI/article.html "Secure growth with NCC Relentless security hacks and data thefts have driven companies to the door of NCC (NCC), which provides cyber security software, risk consulting and safe data storage. The FTSE 250 group is boosting robust organic growth with acquisitions that are helping it to expand internationally. And while the shares may at first sight look like they're on a punchy multiple at 20 times forecast earnings, we consider this a price worth playing for a key player in such an explosive industry."

Currently you can sell 150,000 shares at 8.2p, but only buy a maximum 10,000 shares at the maximum 10p offer. Plenty of demand out there it seems.

Good, solid update today. Very positive phrases used, including "the encouraging trading performance in the first half", and "the Board remains confident of making further progress during the year and delivering on its expectations for 2016." Some minor negatives like margin progression being tempered by added investment, increased debt and exceptionals, but these all reflect the continuing growtha nd confidence of the company. Nice note about the positive effect on LVD of sterling's weakness too. Peel Hunt reiterate their Buy and 275p price target: Http://www.risersandfallers.com/2016/07/14/lavendon-group-plc-lonlvd-receives-buy-rating-from-peel-hunt-analysts/

Looks like a shortage of stock/keen buyers.

Paul Scott has just written very positively about WJG and their presentation on his blog: Http://www.stockopedia.com/content/small-cap-value-report-14-jul-2016-emr-wjg-lvd-142661/ Extract: "I think the presentation went well, and certainly the PER and divi yield at WJB look very attractive. It's a developer of purpose-built student accommodation. The business model seems really well thought-through, with little commercial risk - the projects are forward-sold to yield-hungry institutional investors. There's a long pipeline of projects, and some recurring revenues too, from managing existing sites. The balance sheet looks solid. Further upside could come from purpose-built rental properties. Aside from student accommodation, so many younger people are now effectively shut out from the property market, in the S.East, due to exorbitant prices, that build to rent type arrangements must surely be the answer to increase the supply of rental properties? It was interesting to hear that local authorities apparently favour planning applications for purpose-built student accommodation, because so much existing housing stock is freed up once they open - thus helping solve wider housing problems."

Making more good progress today. Lots more to come imho.

Shares Mag today has a "Play Update" on SOM and says "keep buying": "SOMERO ENTERPRISES (SOM:AIM) US-BASED MACHINERY manufacturer Somero Enterprises (SOM:AIM) has announced that it is trading ahead of market expectations for 2016. The company makes patented laserguided equipment which automates the spreading and levelling of concrete for commercial flooring. We added the company to the Plays portfolio as a tangential beneficiary of the e-commerce trend. We believe the continuing shift towards online shopping will drive demand for its expanding product range which can create the almost perfectly flat concrete floors required in retailers’ warehousing centres. The latest update on 12 July 2016, which follows a robust statement last month (6 Jun), suggests the first half has ended strongly with June seeing good trading volumes in the US, Europe and China. House broker FinnCap has upgraded its pre-tax profit forecast from $18.9 million to $20.3 million. Canaccord Genuity, which rates the stock a ‘buy’ and recently increased its price target to 200p, comments on the positive valuation implications of sterling weakness: ‘With numbers reported in USD and a GBP share price, the shares are now trading at an increasingly attractive multiple, with a price to earnings ratio of 7.9 for FY16E and a free cash flow yield of close to 10% in FY17E as capex normalises.’ SHARES SAYS: We are encouraged by the performance of the business. Keep buying. (TS)"

I sold as soon as I could this morning, grateful I could get out due to a relatively small holding and with a decent profit. EBITDA is way below forecasts. There was no mention at all in the interims not that long ago of lower margins, added costs etc etc. Plus a mere $4m debtor write-down! And net cash has deteriorated since H1 by almost $1.5m given the additional credit facility drawdowns. I now don't trust management to give me the full story. There's too much hope in margins recovering in H1. I'll keep an eye on DGS anyway - it'll be interesting to see the new forecasts.