Member Info for rivaldo

RNS - good to see the CFO buying shares. And a maiden stake too. It's only around £6k, but then a CFO is almost always the lowest paid member of the management team by far, and is the least likely to waste money and the most likely to know the numbers and prospects!

RNS just out - Artemis showing a great deal of confidence, buying another 753,000 shares since their last holdings RNS and going above 17% with 9.94mm shares: Http://www.investegate.co.uk/somero-enterprises/rns/holding-s--in-company/201509231516389957Z/

Worth reiterating that we're only 3 months from next year's forecasts which would put QP. on a single digit P/E, given forecast 10.3p EPS (and a 1.8p dividend) from 1/2/16. Hopefully QP. are batching up some approvals for one big summary RNS.

This is very nice - the future for shopping is here, incorporating a ZYT sensor: Http://www.essentialretail.com/news/article/5654298262a26-touchscreen-mirror-proves-a-differentiator-for-london-optician "Touchscreen mirror proves a differentiator for London optician A London optician says his store stands out from competitors thanks to the use of a touchscreen mirror, which allows customers to easily share their photographs with friends and family via social media. Published: 09:10:26 on the 24th Nov 2015 A mirrored point of sale system installed in a London optician store is allowing customers to buy their glasses in a new way and share their new look with friends and family, via social media. High street optician Kite GB has launched a new system that allows shoppers to explore different ranges using touchscreen technology, take photographs of themselves and then post them on Twitter, Facebook, Instagram and other social media platforms in order to receive feedback from people they know. The technology used incorporates a Zytronic PCT sensor and an ultra-thin LCD digital signage monitor supplied by integration partner Display Technology. A Logitech HD Pro C920 web camera is also built into the display. Asad Hamir, Kite GB CEO, explained: "The vast majority of dispensing opticians haven’t considered how technology can help them engage with their customers. We really wanted to enhance the user experience and provide an environment that is conducive to social sharing." The unit has proved popular with customers, he added, since it appeared in the store for the first time earlier this year. He also described the technology as “a great differentiator� for his business. "It allows customers to get advice on the products they are thinking about purchasing from the people that matter most to them, not just the store staff.""

Brief update today confirming that trading is nicely in line with expectations and strategic review is on course - good stuff: Http://www.investegate.co.uk/regenersis-plc--rgs-/rns/agm-statement/201511250700058317G/ No doubt more news on the review to come.

Good to see others recognising the buying opportunity: Https://www.fool.co.uk/investing/2015/11/24/why-are-creston-plc-and-iofina-plc-sinking-today/ "The City expects Creston to chalk up earnings growth of 6% and 5% for the years to 2016 and 2017 respectively, leaving the business dealing on ultra-cheap P/E ratings of 10 times and 9.5 times. When you factor in chunky dividend yields of 3.2% and 3.4% for these years, I believe current share price weakness could represent a lucrative dip-buying opportunity for patient investors"

This summary from yesterday's AGM by "longshanks" elsewhere is well worth noting. "Meeting was well attended and there were few spare seats available. Overall the presentation largely followed what is shown in the one publicly available but there were some interesting details covered that are commercially sensitive and hence only presented at the AGM. My initial thoughts were that the company has matured substantially from where they were three years ago. They have a very impressive technical team overseeing production and sales and significant automotive OEM interest. It is frustrating that they have been unable to make any announcements but it is clear from some of the details given in the AGM and in private discussion after that contracts with one British and one German OEM are very well developed with ST seen as the only choice for the models/versions under consideration." "The company raised money at the time principally because it was skint. That said though, a significant percentage of the new capital has been invested in developing their manufacturing process and recruiting a strong team of experienced engineers. All this team was at the AGM - and were allowed to talk freely and candidly. There is s very strong sense of purpose about the company now; and I would fully expect them to announce a new manufacturing site within the next six months on the back of an automotive OEM contract. Naturally such a development will require additional capital and no doubt shareholders will once again be given the opportunity to take part although it would seem the business is attracting plenty of interest from new investors who see the business as a high margin manufacturer with limited competition. I can easily see the company manufacturing 100k discs within 5 years, selling them at £500 each with a 50% gross margin."

Yesterday's acquisition and placing will almost certainly put NCC in the FTSE250, prompting additional buying from trackers, institutional investors etc. NCC aims to be the "world's leading cybersecurity player": Http://www.channelnomics.eu/channelnomics-eu/news/2436167/ncc-aims-to-be-worlds-leading-cybersecurity-player-after-fox-it-buy And NCC are after more acquisitions with their new firepower: Http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/12013621/NCC-Group-catches-Fox-in-94m-cyber-security-takeover.html Extract: "The extra financial firepower will be used for more acquisitions, said Rob Cotton, NCC’s chief executive. The company, which has a stock market value of £632m, is seeking international expansion as cyber security threats to corporates increase. NCC said the addition of Fox and its 250 staff will increase its ability to foresee new threats. The Delft-headquartered specialist gathers intelligence on hackers and their techniques from the so-called ‘dark web’ and other sources to help bolster defences. Mr Cotton said: “We need to get on the front foot and get into the dark markets where vulnerabilities are traded.” " This Dutch article on the Fox-IT acquisition is interesting, noting that Fox-it now has almost €30m turnover. This is around 20% up on 2014's €24m per the acquisition RNS, continuing 2014's growth rate and implying probably over €4m PBT for 2015. Similar growth, with synergies etc, might see say €5m PBT for the coming year under NCC. So although at first glance the acquisition may look pricey, this may well not be the case: Http://www.dutchnews.nl/news/archives/2015/11/dutch-cybersecurity-firm-fox-it-bought-by-british-firm/ "Fox-IT was founded in 1999 and now generates turnover of almost €30m with a workforce of 220. ‘We needed a partner to expand internationally,’ founder Menno van der Marel told the FD. The takeover has no consequences for staff or location, co-founder Ronald Prins said. ‘We will remain a Dutch limited company operating under Dutch law.’ Much of Fox-IT’s work is for banks and the government."

Edison's new report has "increased current-year EPS estimates by 6.7% and by just over 2% in both FY17 and FY18". They now go for: this year : 21.1p EPS, 6.4p divi next year : 22.6p EPS, 6.8p divi Http://www.edisoninvestmentresearch.com/research/report/norcros7 Conclusion: "Valuation: Good value and potential for more Following our increase in estimates, Norcros’s P/E multiples are now in single digits in all three forecast years. With a three-year EPS CAGR of 11.1% the company’s PEG ratio is 1.0x. In EV/EBITDA terms, an FY16 5.7x multiple reduces to 4.5x by FY18 on our estimates (after adjusting for pensions recovery cash). Business performance is good and if Norcros can further supplement this with more acquisitions, the above multiples could turn out to be significantly lower at the current share price"

WH Ireland have increased their target to 425p: Http://www.lse.co.uk/AllNews.asp?code=x8crby3x&headline=BROKER_RATINGS_SUMMARY_Nomura_Cuts_Burberry_To_Neutral_From_Buy

To prove my prior post, Edison have just issued a new research report, presumably discussed with management. They have new forecasts of: this year : 13.4p EPS, 4.3p divi next year : 14p EPS, 4.5p divi That's a P/E of only 8.7 and a 3.7% divi yield.... They've only reduced forecasts by 5% - "slightly" as indicated in the RNS, and they're expecting a net cash position by year end: Http://www.edisoninvestmentresearch.com/research/report/creston14 "Valuation: Substantial discount to peers Creston’s share price has drifted back over the last couple of months and the valuation now stands at 6.8x CY15 EV/EBITDA, a 23% discount to the marketing services sector, with a similar discount a year further out. We would expect this discount to start to close when the newsflow becomes more consistently positive as the new business momentum gets translated into a more robustly improving earnings stream."

Typical - CRE have actually sorted themselves out strategy-wise, are winning clients and new business, but find themselves shot in the foot by reduced medical budgets and the weakened euro. The markdown seems a bit of an over-reaction in an illiquid stock. CRE are only to be "slightly" below expectations, which implies around 12.5p-13p EPS this year. Given almost 5p EPS in H1 this feels achievable as CRE report improved trading in Q2 and in H2 to date. The interim divi implies a 4.4p or so divi for the year - a handsome yield. At 116p the upside far outweighs the downside imho.

Excellent results - 26.03p EPS is well ahead of expectations (24.9p EPS). And the 7p dividend is way ahead of the expected 6p. Order books are well up on last year, so looking good for this year. Lots of good appointments too, particularly in nuclear. The interesting thing is that both gas and telecoms infrastructure have been slow to get moving and have underperformed this year - but both have huge potential. Imagine if and when these markets too start to shift into gear....

Moving up nicely before tomorrow's AGM. I wouldn't necessarily expect any news or update at all - after all, PLCs can't time these things to coincide with AGM dates, they have to announce material news as soon as it happens. A simple update that everything is on track would do me fine, but I'm not even necessarily expecting even that as SCE don't usually issue AGM news updates.

CAR's results presentation reads extremely well. Highlights include: - new China factory for CTP will drive growth next year - "pre-production is underway for our multi-year programme for medical component manufacture by an existing US-based customer" - growth opportunity in LED from first programme win for major new group, as CAR "Secured a flagship vehicle programme for a new major customer group and we see significant potential" - Further efficiency gains expected in H2 from the US business - New LED cornering light technology now adopted for first programme - "Plan to expand the manufacturing facility at Bangalore, India to satisfy increasing demand from both existing and new international clients" - CDS is expecting commercial partnerships from Q3'16 Http://www.carclo.co.uk/~/media/Files/C/Carclo/pdfs/analysts-presentation-september-2015.pdf

Brilliant news - CRE have won a British Airways account. This is only a month after winning a Vodafone account. It seems the new management and strategy is doing very nicely: Http://www.campaignlive.co.uk/article/british-airways-picks-creston-unlimited-crm-strategy/1373644 "British Airways picks Creston Unlimited for CRM strategy November 20, 2015 by Omar Oakes British Airways has picked Creston Unlimited and data analytics consultancy Aquila Insight to handle the airline's customer relationship management work. In August Campaign reported British Airways was looking for an agency to manage analytics for its CRM programme without an intermediary. Milk, the customer strategy agency, is the incumbent on the account, which will be transferred to Creston Unlimited and Aquila Insight on 1 December. Creston Unlimited will manage the CRM strategy, while Aquila will work alongside the airline’s analytics team. Bartle Bogle Hegarty has looked after British Airways’ above-the-line advertising and customer loyalty business since March 2014, while Carat handles the airlines' media planning and buying. Sara Dunham, the head of marketing, retail and direct, at British Airways, said: "CRM is critical to differentiating British Airways for our customers and engaging effectively with them. "It enables us to place them at the heart of our marketing by delivering messages that are relevant and personal. "We believe that the best way to deliver that personalised approach is to have data planners and analysts working hand-in-hand with CRM strategists. "Creston Unlimited and Aquila provided us with a solution that delivered exactly that and played to both their strengths."

Brief broker comment here from Finncap, who have a 280p target price: Https://uk.finance.yahoo.com/news/constellation-healthcare-says-earnings-hit-160700705.html "Broker FinnCap said it was leaving its forecasts unchanged and reiterated the view that Constellation "is executing on a large, defensive and growing opportunity".

Singer say Buy and increase their target price to 156p http://midsouthnewz.com/n1-singer-upgrades-carclo-plc-to-buy-car/24589/

An encouraging second RNS just out on the completed placing too: - the placing was oversubscribed - Harwood Capital are subscribing for a further £1.7m of shares, taking their stake to over 20%. Quite a vote of confidence - a non-exec is buying almost £1.3m of shares, taking his stake to 4.2m shares, or 7.6% http://www.investegate.co.uk/hayward-tyler-group--hayt-/rns/result-of-proposed-placing/201511191300023140G/

Well well....big Unipixel news just out. Royalties coming CAR's way? Http://finance.yahoo.com/news/unipixel-receives-initial-mass-production-130000012.html "Thu, Nov 19, 2015, 9:01AM EST - US Markets open in 29 mins UniPixel Receives Initial Mass Production Order from Japanese PC Manufacturer Providing XTouch sensors for new 10 inch tablet SANTA CLARA, Calif., Nov. 19, 2015 /PRNewswire/ -- UniPixel, Inc. (UNXL), a provider of Performance Engineered Films™ to the touchscreen and flexible electronics markets, announced today the receipt of an initial mass production order from a leading PC manufacturing company based in Japan for a 10-inch tablet product. UniPixel expects the initial delivery of XTouch sensors to this new customer to occur in the current quarter and the first quarter of 2016. The Company expects the lifetime of the product to be in the range of three to four quarters. etc"