Member Info for rivaldo

And a decent buy reported after the market closed yesterday - £32,319 (2,100 shares) at 1539p.

VLE have a new 3.44% shareholder. Edward Moyse now holds 76,000 shares after a transaction on 30th September:

Https://uk.advfn.com/stock-market/london/volvere-VLE/share-news/Volvere-PLC-Holdings-in-Company/94698548

Coincidentally, he also disclosed just yesterday that he holds 2.86% of TST, another company I have a decent stake in (he had to declare sub-3% as TST is undertaking a strategic review - it's well worth a look imho). He evidently has similar good taste in small cap shares....

A few small buys have suddenly appeared after lunch and had a quick impact on the price, sending it up 1p. Hopefully indicative that there's not much stock around, and the latest buyer has paid the full 81p offer price.

Good to see the share price up 25p to 1525p and new 4-year highs - and the spread is nice and narrow compared to usual at 1500p-1550p.

Loads of upside still imho.

Nice move up. Last year's year end trading statement was on 10th October, so maybe this year's update is coming tomorrow or Friday.

The interims showed management very confident in general and in meeting expectations. Fingers crossed.

Here's a link to a source for the upgrades:

Https://www.sharesmagazine.co.uk/news/market/1728376232456974300/london-broker-ratings-goldman-sachs-starts-barclays-at-buy

"Berenberg raises Renew Holdings price target to 1,350 (1,250) pence - ’buy’

----------

Deutsche Bank raises Renew Holdings target to 1,305 (1,235) pence - ’buy’"

Late RNS yesterday shows Shareholder Value Beteiligungen Aktiengesellschaft, based in Frankfurt, as a new 3.94% shareholder with 4.12m shares:

Https://www.londonstockexchange.com/news-article/SDI/holding-s-in-company/16702942

Assuming I'm not mistaken - they weren't on the prior company list of major shareholders AFAICS.

Their web site is here:

Https://svb--ag-de.translate.goog/?_x_tr_sl=de&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

"The business purpose of Shareholder Value Beteiligungen AG is to invest its own funds primarily in listed companies. The aim is to achieve the highest possible increase in the value of the portfolio through price increases and dividends received.

Shareholder Value Beteiligungen AG follows the concept of stock picking, which is based on investments in selected individual companies - and not in entire sectors and markets. The aim is to concentrate on a certain number of stocks. This achieves sufficient risk diversification (portfolio diversification) and at the same time enables effective focus on the selected individual stocks. This strategy enables an intensive analysis of the individual company, the balance sheet quality, the management, the products and the markets. The investment strategy of "value investing" is followed, i.e. investing in stocks with high substance and high returns.

Due to its existing know-how, Shareholder Value Beteiligungen AG focuses primarily on investing in small and mid-caps, i.e. small and medium-sized companies with a market capitalization of one billion euros. Due to the limited investment volumes, such stocks are rarely in the focus of banks and other large institutional investors. Accordingly, they tend to be neglected by their analysts. This repeatedly opens up exceptionally favorable investment opportunities in excellently positioned companies that are often world market leaders in their respective niches.

The investment horizon for equity investments is generally medium to long-term. However, individual short-term opportunities are also taken into account. The stock selection focuses primarily on German, Swiss and Austrian stocks. This deliberate regional restriction makes it possible to have a sufficiently reliable overview of the markets.

With this investment approach, the initiators have achieved sustained success over the past decades, including as managing director of the R 3000 investment club."

From today's news wires:

Berenberg have raised their price target by a full 100p to 1350p:

"Berenberg raises Renew Holdings price target to 1,350 (1,250) pence - 'buy'"

And Deutsche Bank increase their target to 1305p:

*DEUTSCHE BANK RAISES RENEW HOLDINGS TARGET TO 1305 (1235) PENCE - 'BUY'

Good points made in the Yorkshire Post this morning about the new government's increased commitment to onshore wind - no doubt a contributing factor to the timing of today's acquisition:

"It follows the new Labour Government lifting a de facto ban on new onshore wind projects in the planning system in England."

"Renew CEO Mr Scott has previously told The Yorkshire Post that he sees “enormous” opportunities for the company in major infrastructure projects designed to help the UK achieve net zero in the coming decades.

He said in late 2022 that rail electrification work and the rollout of electric vehicle charging points across the country as petrol and diesel cars are phased out are among the schemes that have potential for the group.

In its first months in government, Labour has set up a new state-owned energy investment company, GB Energy."

"Officials also handed out contracts for a new wave of green power projects in early September, including onshore and offshore wind and solar farms, which will generate enough power for 11 million homes, in its annual auction."

FNX have made available a new 29 minute presentation of their results. Highights:

- "most of our revenues are underpinned by our existing client base"

- there are "a number of highly important deals" to be finalised this year and grown over time to deliver more and more recurring revenues. There is a "strong pipeline"

- Portugal will be live and transacting in the next few months and there is more international expansion to come

- FNX expect to add more names to their media customer list to be announced in the coming year

- will be "layering in more territories" in the course of the next 18 months

Https://www.youtube.com/watch?v=0G-LSFI5nmw

CAPD have just disclosed that their shareholding in Asara Resources has increased to 150m shares (from 138m).

This was primarily due to participation in Asara's placing earlier this year at A$0.009. Since then Asara's share price has doubled to A$0.019.

At the current 1.93 exchange rate CAPD's holding is worth almost exactly £1.5m.

So worth keeping an eye on now:

Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02863032-3A652433&v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400

Terrific news:

- earnings enhancing and at €60m entirely from RNWH's own cash resources

- increases still further RNWH's high forward visibility of earnings, with 75% of revenues for next year already secured

- instantly transforms RNWH's involvement in renewables via repair, maintenance and monitoring services for onshore wind turbines

- once again has an attractive servicing model with 7 years average contract length and high renewals

- European presence could enable cross-selling of RNWH's other services

Looks a perfect addition imo, and with huge growth potential over the next few years.

Nice positive review today from the Armchair Trader, who always comes across as a thorough and well-researched investor:

Https://www.thearmchairtrader.com/uk-shares/renew-holdings-market-forecast/

Conclusion:

"Renew is something of an under-the-radar company. But with the direction of the wind, the company could have a number of big wins in the next five-years and surpass its recent performance. The company’s shares opened the month (1st October) at 1,108p, up 50.75% over one-year and up 30.4% year-to-date. The company listed in 2006 and has a market cap of GBP832m.

Renew Holdings appears to be well-positioned to capitalise on the UK government’s infrastructure investment plans. With its strong organic growth, strategic acquisitions, and focus on high-growth sectors, the company’s prospects look promising. Investors seeking exposure to the UK infrastructure market may want to consider Renew Holdings as a potential investment opportunity. The company becomes ‘One to Watch’ for The Armchair Trader."

Interesting update from the Oak Bloke with a forthright conclusion:

Https://theoakbloke.substack.com/p/1h24-vlg-update

"Conclusion

At a forecast 2025 P/E of 11 and forecast 4X P/FCF and comparing it to peers on a 20X P/E basis (or higher) it’s easy to see how VLG can get to a valuation of 75p+.

But that’s just with the current trajectory. Given their success with acquiring and then integrating Earol, Gelclair and earlier acquisitions both in terms of growing revenue, improving margin and internalising production a further acquisition could ratchet this up further and faster - due to VLG’s proven capability to deliver synergy.

Meanwhile the harrumphing about a “slashed” forecast EPS doesn’t make sense nor does it stand up to accounting scrutiny. There is no evidence of management doing anything untoward in how they present their numbers vs how the broker reports them. Don’t let an inaccurate calculation in a broker note put you off what could be an interesting holding."

Brief comment FYI in 9.83% shareholder Rockwood Strategic's trading update this morning:

"During the period we were heavily engaged with material Board developments at Pennant International Group plc and provided some more investment to support the business as it pivots to software solutions."

Great to see two directors topping up at these new highs. And one of them is the CFO too - they don't normally like parting with their cash:

Https://uk.advfn.com/stock-market/london/time-finance-TIME/share-news/Time-Finance-PLC-Director-share-purchases/94659972

And yesterday there was further good news, as TIME extended and Improved their £65m NatWest Funding Facility, which will "contribute significantly to our growth strategy":

Https://uk.advfn.com/stock-market/london/time-finance-TIME/share-news/Time-Finance-PLC-Extended-Improved-65m-NatWest-Funding-Facility/94650007

Deutsche Bank raises its target price to 1235p and says Buy:

Https://www.sharesmagazine.co.uk/news/market/1727858695251143700/london-broker-ratings-deutsche-bank-raises-british-land-to-buy-

Encouraging to see Kestrel buying more. They now own a whopping 25.9%.

Zeus's most recent quarterly Software and Services review had some interesting mentions re TIG:

"Deep dive – privacy trends and third-party cookies Due to consumer, regulatory and technology trends, leading brands are increasingly prioritising consumer privacy in their corporate engagements and avoiding third-party data and cookies. These trends represent a rising challenge to advertisers and brands that are trying to their target products, services and digital advertising strategy to better engage consumers. As a result, we expect brands and advertisers to spend more on digital advertising and marketing software products that do not depend on third-party data.

Privacy-first advertising products include contextual advertising, native advertising, influencer and content marketing, cohort-based advertising, consent-based advertising, email marketing, and advertising with niche publishers. Software solutions that may see greater investments include customer data and engagement solutions that collect and leverage first-party data such as customer data platforms (CDP) and data integration and analytics solutions to enrich first-party data.

For example, the global contextual advertising market is expected to grow 13.3% CAGR 2023-2033 from $195bn in 2023 to $468bn by 2030, according to Grand View Research, and the CDP market is expected to grow 39.9% CAGR 2024-2028 from $7.4bn in 2024 to $28.2bn in 2028, according to MarketsAndMarkets. Well positioned digital advertising solutions companies include Silver Bullet, Team Internet, Pulsar Group, Dianomi and Nexxen. Well-positioned software solutions companies include SysGroup, DotDigital, Celebrus, Ebiquity and Eagle Eye."

"Despite the rapid growth and large potential of privacy-focused advertising and software solutions, the market is immature and highly fragmented into mostly point solution providers. As brands, agencies and enterprises invest more in these solutions, we believe vendors with broader solutions and scale will become better positioned. Therefore, we see the opportunity for market consolidation and believe Team Internet, SysGroup and Silver Bullet are well positioned."

"Impact on digital advertising – Growth markets and products

Without third-party cookies, advertisers will find it harder to gather data to personalise ads and measure the return on their ad spend (ROAS). To maintain the effectiveness of digital advertising, we believe advertisers will spend more on the digital advertising and marketing that does not depend on third party data. Such advertising products and respective companies providing these include:

Targeted content creation These companies attract niche audiences and have deep firstparty knowledge of their buying intentions. Some publishers may negotiate direct deals with advertisers in addition to using automated ad exchanges (me - here TIG are included as an exemplar)."

Another positive-looking write-up post-results not posted here before (subscription-only):

Https://ukinvestormagazine.co.uk/time-finance-gains-momentum/?mc_cid=f270eeea42&mc_eid=562aaeb05f

"Time Finance gains momentum

The investment put into IT and processes at small business finance provider Time Finance (LON: TIME) is paying off. More of the additional revenues are dropping through to profit and the share price is above net tangible assets for the first for many years.

Net deals in arrears are around 5% and the bad debt provisions are 1%, which shows the quality of the lending.

In the year to May 2024, revenues improved from £27.6m to £33.2m, while pre-tax profit rose from £4.4m to £6m.

Momentum h..."

Listen from just over 9 minutes in:

Https://www.youtube.com/watch?v=GYZxuy34U2Y