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Two larger buys today totalling £35,000 at 1600p and 1595p. Maybe these have been in the works and caused yesterday's rise.

Quite a few interesting comments in this morning's Investor Meet presentation. Although I found it impossible to understand Ajit, the CFO - he needs to slow down and enunciate more clearly.

In particular, as reported elsewhere, there was the comment "price could be 3 times higher and still be cheap".

A few quick notes:

- "actively considering" future strategy, including returning cash to shareholders via dividends or buybacks, acquisitions etc

- OPG are generating "good profits and good cash"

- in a couple of years the cash generated (I assume annually) will equal the current m/cap!

- 65% of the shareholders, incl.Gupta and the largest other inst. shareholder, are firm holders, as are the other institutional holders

- OPG will not be delisting and they're "fully committed" to a UK listing

- as regards an Indian dual listing, there's no fungibility between UK and Indian shares, plus they'd have to raise £50m-£60m and do something with the cash, which seems pointless given OPG's fast-rising net cash

- I couldn't understand the CFO's answer about the solar debentures. Anyone else?

New multi-year highs here after yesterday's rise.

Given that there was only one decent-sized trade yesterday, and that was a 400 share sell at 1500p, there's presumably background demand for shares causing the MMs to lift prices, be it from investors or VLE buying in more shares yet to be RNS'd.

Https://finance.yahoo.com/news/undiscovered-gems-uk-featuring-3-080420696.html

Great to see a confident and nicely in-line year end trading statement given these markets.

IGE has maintained a broadly stable almost £1m cash pile (against the £4.5m m/cap), and has doubled PBT to £0.2m.

Most importantly, given the huge rise in the order book to £4.5m from a mere £0.65m a year ago, and the large £3m contract win underpinning revenues for the coming two years, the outlook is very bullish:

Https://uk.advfn.com/stock-market/london/image-scan-IGE/share-news/Image-Scan-Holdings-PLC-Trading-Update/94761166

"Vince Deery, Chief Executive of Image Scan, commented: "I am extremely pleased with the Group's performance in FY24. We have not only achieved a significant increase in profitability but also maintained a strong cash position. The recent contract awards with European defence partners positions us well in the marketplace and gives us confidence for future growth in FY25 and beyond."

Excellent news today - this new customer has "millions of visitors":

Https://www.prnewswire.co.uk/news-releases/little-lion-entertainment-selects-accesso-for-ticketing-and-distribution-302282434.html

"Little Lion Entertainment Selects accesso® for Ticketing and Distribution

WYFORD, United Kingdom, Oct. 22, 2024 /PRNewswire/ -- accesso Technology Group (AIM: ACSO), the premier technology solutions provider for leisure, entertainment and cultural markets is pleased to announce - an agreement with Little Lion Entertainment to provide its accesso Passport® eCommerce ticketing suite and Ingresso ticketing distribution technology to support the operator's locations starting with The Crystal Maze Live Experience London, The Crystal Maze Live Experience Manchester and Games Arena in Manchester which is currently hosting its first game, Chaos Karts.

With millions of visitors and more than 200 employees in the leisure sector, Little Lion Entertainment is a leading provider of immersive attractions in the UK. Renowned for delivering excellent guest experiences and cutting-edge attractions with international recognition the company is known for high guest satisfaction.

The fully hosted accesso Passport eCommerce ticketing suite helps operators provide their guests with an intuitive and enjoyable eCommerce experience on any device, while driving revenue with up-sell and cross-sell prompts that help ensure guests can plan for their ideal visit. accesso's ticketing distribution platform, Ingresso, connects operators like Little Lion Entertainment to a global network of third-party distributors to drive increased ticket sales – with potential reach of more than 1 billion new customers – while eliminating long voucher exchange lines at a venue's entrance by providing guests with real-time live ticket inventory.

"We are thrilled to add Accesso's solutions into our operations," said Neil Dolan, Managing Director of Little Lion Entertainment. "By leveraging Passport and Ingresso, we can ensure an even smoother ticketing experience for our guests from start to finish. Our commitment to the guest experience aligns perfectly with Accesso's advanced technology."

Nicola Liscio-Heffernan, Sales Director at accesso said, "the excitement of this partnership is fantastic, our implementation team and the key personnel at LLE have really enjoyed the go-live process and we can see a great 'partnership' growing already. We have a clear plan going forward to help drive ticket sales, processes and innovation together."

"The partnership with Little Lion Entertainment is truly exciting, and we're thrilled to support their mission of delivering extraordinary live entertainment experiences," said Steve Brown, accesso CEO. "We look forward to driving ticket sales, streamlining processes, and fostering innovation together."

Sanu Gold have just announced their inaugural phase 1 drilling programme at Diguifara in Guinea, designed together with AngloGold Ashanti.

They note:

"The project is located only 20km from the Siguiri gold mine which is owned and operated by AngloGold Ashanti plc ("AngloGold Ashanti"). The drilling will be completed by Capital Limited which has extensive experience in drilling out large deposits in Guinea and whose investment arm (Capital DI) heavily participated in Sanu Gold's last financing".

"Drilling is scheduled to begin in the second half of October"

Https://money.tmx.com/quote/SANU:OMG/news/6279169330799164/Sanu_Gold_Announces_Plans_for_Imminent_FirstEver_Drill_Program_at_Diguifara_Gold_Permit

Two more large buys at 1152p totalling 64,794 shares, or just over £746,000, reported after the close last night.

Looks like someone's keen following that other large buy the previous day.

Hhttps://uk.advfn.com/stock-market/london/fonix-FNX/share-news/Fonix-PLC-Change-of-regulation-in-Republic-of-Ireland/94740140

This potential change in Irish regulation really isn't an issue:

- Cavendish this morning reiterate recently upgraded expectations

- Ireland is a small proportion of FNX's revenues

- there's no mention of prize draws in the Bill anyway

As Cavendish put it bluntly this morning:

"We note that similar existing legislation in the UK excludes broadcaster prize draw competitions, and the company currently expects customer services in Ireland to continue to operate unchanged, with the Bill not yet enacted and the Regulator not yet set up, and no currently clear timetable for this to take place"

If there's any significant markdown then it's surely a buying opportunity.

Likely caused by a very nice £619,000 buy at 1134p of 54,555 shares reported at the close.

As suggested by grabster elsewhere, TST's new substantial shareholder is likely to be this Michael Taylor, who writes for the IC, and has his own Shifting Shares web site and monthly newsletter ...

Https://www.shiftingshares.com/

A £400,000 stake is quite a commitment for a PI in a microcap like TST.

An excellent Q3, despite both early contract termination at Belinga and a slower ramp up at Nevada for MSALabs, means that CAPD only needs to achieve the same $93m revenues in Q4 as it did in Q3 to reach at least the minimum of the predicted revenue range for the year.

Which perhaps shows the resilience of the business. Both ARPOR and utilisation were terrific this quarter, and the new Perseus contract win in Tanzania has ramped up quickly.

Finally, "Capital Drilling anticipates revenue growth into the back of the year", so hopefully growth above Q3's $93.7m revenues will leave CAPD nicely around the middle of the predicted revenue range.

Michael Taylor has just declared a 4.85% stake in TST, with 398,000 shares:

Https://uk.advfn.com/stock-market/london/touchstar-TST/share-news/Michael-Taylor-Form-8-3-Touchstar-plc/94727955

He's not on TST's list of major holders above 3% as at 20th September per their web site, so does this mean he's been buying pretty handsomely since that date?

Florence and cryptonomicon, I saw the presentation via an online meeting with a number of others post-interims. I'll see if I can find it for you elsewhere.

Here's Deakin Bio's news - some good lines from them:

"Deakin Bio-Hybrid Materials Limited ("DeakinBio" or the "Company") has raised £693,000 through an oversubscribed equity funding round."

"We’re gobsmacked to have raised almost £700k, which is twice our target amount!"

Here's an interview with Deakin's CEO:

Https://www.frontierip.co.uk/portfolio-companies/watch-deakinbio-chief-executive-dr-aled-roberts-discuss-the-companys-innovative-bio-materials/

Thx re the interview. Hope the "exciting" new data on the biodegradeability of their polymers brings in further interest....

Also looking to grow in laundry as a "big target", plus beauty care, and already doing it within the pet sector.

NP Aerospace are a hugely impressive partner for IGE, and kudos to IGE for getting NP to take their products. Yet IGE's m/cap remains barely above £4m.

NP work with the likes of Raytheon, General Dynamics, the MOD, Volvo etc:

Https://issuu.com/ceomedia/docs/zbf121-np-bro-i?fr=sNWJjNjY3NTE0Mzg

Https://npaerospace.com/armour-technology/

And particularly notable from the MD of NP Aerospace:

"This contract will service a particular undisclosed client's requirements, but we also look forward to offering this capability to future clients who may have a similar need."

Https://uk.advfn.com/stock-market/london/image-scan-IGE/share-news/Image-Scan-Holdings-PLC-Contract-Award-Update/94723904

"The ThreatScan® portable X-ray system is designed to assist operators working in the defence and security environment, enabling them to conduct rapid and accurate threat assessments across a diverse range of operational scenarios. The system comprises a portable X-ray generator, a detection panel, and an operator's workstation running the Company's market-leading image processing software. This system is complemented by a range of customer-specific ancillary equipment, tailored to meet the demanding needs of the defence sector."

And it doesn't even mention water infrastructure, or 5G/telecoms, or airports.....!

Https://www.ii.co.uk/analysis-commentary/best-aim-companies-2024-confirmed-ii533118

"ii Company of the year

This year: Renew Holdings (RNWH)

Last year: Alpha Group International (ALPH)

Engineering services provider Renew Holdings

RNWH was on the shortlist last year and its steady performance makes it a good choice for this award. Core markets are road, rail and nuclear infrastructure with the focus on regular support and maintenance spending rather than large one-off projects. Renew has combined organic growth with acquisitions and over the years has moved into new infrastructure markets.

A recent move is into the electricity transmission sector. Renew is paying up to £26 million for Excalon, which provides construction services for high voltage and extra high voltage infrastructure. The next five-year funding cycle for distribution network operators is worth £22.3 billion.

The most recent acquisition takes Renew into providing repair and maintenance services for onshore wind turbines in the UK and Europe. It is paying £50.5 million for Full Circle Group, which is based in the Netherlands. This provides a foothold in Europe for a business that is predominantly UK-based.

Renew has been particularly active since it was put on the shortlist, including the above acquisition. It confirmed that full-year revenues and operating profit are ahead of expectations, while also selling its remaining specialist construction business, which was a core division two decades ago.

The 2023-24 operating profit will be slightly higher than the £70.1 million consensus forecast. Net cash will be higher than the previous consensus of £22.1 million. The results will be announced on 26 November."

The Oak Bloke published a nice summary of FIPP on his Substack on the weekend:

Https://theoakbloke.substack.com/p/back-ier-to-the-frontier

"Conclusion

So £0.5m million of gains appears nailed on, but potential for other “fair value” gains too.

What’s more exciting is the level of commercialisation at the above holdings. Tiles you can actually buy at Topps Tiles, hyper-efficient fast charge USB cables you can buy, and Robots earning lease income from grateful Farmers.

Then there’s other holdings building readiness for commercialisation: Vaccines heading towards regulatory approval solving million and billion pound problems, eggwhite replacement agreement with a Commercial Partner, a factory being built to offer Spectroscopy lasers for near real time analysis of samples.

The first point to make is that many of these are not wacky ideas but real needs with real benefits. Fewer human crop pickers but growing demand for fruit (without getting into the reasons for that like post-Brexit and various US crackdowns on immigration). Faster charging but inefficient cables which can slow charging down. Damage the precious device. Woeful levels of cancer diagnosis due to the speed and complexity of mass testing via Spectroscopes. Unhealthy junk food filled with unhealthy fats. Zoonotic diseases which could wipe out farmers incomes - or indeed the world.

The second is that the FIPP ownership percentages of around 20%-30% are chunky holds and we are not talking a 1% stake with tiny upside.

The third is that the total addressable markets appear to be enormous.

The fourth is that FIPP have a track record of results. 7000 bagger is an impressive record.

So for the patient and shrewd, FIPP at 32p is at an astonishing 62% discount to its last 84.2p NAV. Despite its 44p+ over 6 years earnings and the fact that it holds a number of potential multi baggers, some which are either at a point of commercialisation or are close. Will this multi bag in the near term? Refer back to the bit about being patient. But the Full Year results should give a flavour of progress and so at the very, very least I would suggest to readers to give that a once over later in October."

Tipped in Shares Magazine just published:

"Three Small Shares To Buy Now

A casual glance at the share price chart might put a quick end to investors’ research into SDI (SDI:AIM), but that’s a mistake, in our view.

This is a small cap company which has stuck to its largely successful knitting for years, and we expect its fortunes to significantly improve over time.

SDI is a collection of subsidiaries involved in the design and manufacture digital imaging, sensing and control equipment used in life sciences, healthcare, astronomy, manufacturing, precision optics and art conservation applications. It’s a buy and build model which closely resembles that of health, safety and environmental kit maker Halma (HLMA), a

constituent of the FTSE 100, buying good value businesses which add consistent cash flow and profits to the overall company.

Not only does SDI’s growth stretch back multiple years, it has been high-quality growth. Gross margins typically run at around 60% to 65%, high for a manufacturing business, while returns on investment and operating margins are

in the double-digits and above industry averages.

The end of the pandemic has tossed many a challenge at SDI as customers de-stocked after a prolonged spell of over-ordering. Higher borrowing costs haven’t helped either, but both issues now seem set to improve. This leaves

substantial upside on the table, partly as SDI continues to find attractively priced acquisition targets to supplement organic growth, and from a change in market mood.

This is a stock which has previously traded on a 20-plus PE (price to earnings), now just 12. History is on its side, we believe. Over the last 10 years, SDI has grown turnover from £7 million to £65.8 million in the year to 30 April 2024 and

adjusted operating profit from around £57,000 to £9.6 million. The share price has increased from around 10p to over 200p at its peak yet today is available at 50p. Not for long, we suspect. [SF]"