Member Info for rivaldo

Interesting to see GMAA addressing the subject of consolidation in its markets - hopefully we'll see more acquisitions this year: Http://aviationweek.com/ebace-2015/gama-seminar-examine-consolidation "Gama Seminar To Examine Consolidation May 20, 2015 Gama Aviation will explore the subject of consolidation at EBACE with a seminar in association with business aviation intelligence agency WingX Advance. The presentation, called “Insights into a consolidating European aviation market,” will be presented by Managing Director Richard Koe at Gama’s BoothV045 at 3 p.m. Wednesday. Koe will focus on why consolidation is a major topic in the current climate and present underlying data behind market changes. “The global business aviation services market is undergoing a fundamental shift from the situation a decade ago when new entrants were able to carry out niche operations,” says Gama CEO Marwan Khalek. “Fleet and private owners now want their aircraft to be managed by a well-run, efficient and successful company [which], through economies of scale, can pass on huge cost savings.” Khalek said he believes scale is becoming increasingly important in the global business aviation services market. Increasing costs as a result of additional regulation, training and maintenance requirements and the inability to negotiate large-scale fuel agreements are placing additional strain on smaller operators, he said. Gama Aviation analysis reveals that there was a 9% decrease in business aircraft operators in the European Union between 2012-2013, with the largest drop in numbers occurring among companies operating fewer than 10 aircraft. The increasing cost burden on small operators played a major role in this decline, Gama believes. The number of operators with fleets of two to five aircraft fell from 347 to 343 in that period, while those with six to 10 aircraft fell from 90 to 58, and those with 11-15 aircraft from 22 to 17. “Much of the European business aviation services market’s inadequacies stem from a highly fragmented supply side with no dominant providers, which leads to inefficiencies in operational logistics and service delivery,” Koe says. “In such a competitive and highly regulated marketplace, it is simply too inefficient for many smaller businesses to compete, so we expect to see a growing number of companies either merging or collaborating in an effort to reduce underlying costs to increase potential profit margins.”"

A very encouraging article about JMP and recent successes, with further thoughts on the positive implications of the Government's plans for devolution of power to local areas etc: Http://www.jmp.co.uk/forward-thinking/update/west-yorkshire-appointment-confirms-jmp-progress-english-city-regions "West Yorkshire appointment confirms JMP progress in the English city regions Submitted by JMP News on Tue, 26/05/2015 - 09:16 Chancellor George Osborne, in his first post-election speech focused on the development of a Northern Powerhouse, confirmed plans to give English cities more powers, including over transport funding and decision making. JMP is increasingly a part of this story on transport, and has now added the West Yorkshire Combined Authority to its clients in the English city regions. JMP’s success in West Yorkshire, in an appointment to help develop a new Bus Strategy for the West Yorkshire Combined Authority as part of its Single Transport Plan, means that the company is now working in all six major English city regions in providing technical support and transport policy advice as metropolitan Britain moves towards taking control of powers and funding to deliver transport systems that meet their unique needs. It is expected that a City Devolution Bill will be in the Queen's Speech later this week, building on announcements over the last 12 months to devolve powers to Greater Manchester, Leeds and Sheffield city regions. Other English metropolitan authorities within city regions centred on Birmingham, Liverpool and Newcastle are, to a greater or lesser extent, also pursuing additional powers and funding. London, under the auspices of the Mayor and Transport for London has successfully taken control of its own transport destiny over the last decade, developing services and investment programmes to meet the needs of Britain’s growing world city in the 21st Century and as framework consultants to TfL we have been and continue to be involved in this process. Now JMP is a part of the story as the English regions move towards similar models. In addition to the exciting new opportunity to work with West Yorkshire Combined Authority as it develops its approach to supporting the role of buses in meeting future travel needs in the city region, we provide advice on major transport investments and travel behaviour change programmes for Transport for Greater Manchester; in the Greater Birmingham city region we have supported Centro in delivering sustainable travel programmes for the last four years; in the North East of England we advise the North East Combined Authority on its major transport investment programme; in the Sheffield city region we have been working on rail network development projects; and last but not least, we have recently been appointed to the Merseytravel framework to provide a wide range of transport advice. JMP has considerable experience advising local areas on their major transport investments

New interview with Novo IVC's CEO, with some encouraging snippets: Http://www.novoivc.com/news/2015/markHInterview "We’re now in a highly competitive position to increase market share and capitalise upon the significant number of opportunities in our sales pipeline" "In recent months we have added further personnel to both the sales and development teams to ensure we can respond to the strong levels of interest we are seeing in the airline business" "2015 will see the Group launch several new core products and announce significant new partnerships" "2015 will see further strengthening of our partnership with CGI. CGI is a business and technology service company, employing 72,000 people across the globe......This has culminated in a securing of a number of new contracts with the first going live during the first Quarter of 2015"

Hello - this news sounds promising for GAME as a member of AGEM... Http://www.digitaljournal.com/pr/2555307 "Association of Gaming Equipment Manufacturers (AGEM) Hails Passage of Senate Bill 9 in Nevada That Ushers in New Era of Gaming Entertainment CARSON CITY, NV--(Marketwired - May 15, 2015) - The Association of Gaming Equipment Manufacturers (AGEM) announced today the passage by the Nevada Legislature of Senate Bill 9 that allows for variable-payback percentages in slot machines to enhance the player experience by bringing true skill-based gaming, arcade-game elements, hybrid games and other unique features and technologies to the casino floor for the first time. Widely expected to be signed by Gov. Brian Sandoval, SB9 is supported by the Nevada Gaming Control Board and the Nevada Resort Association and represents the first time AGEM has specifically initiated legislation in its 15-year history. To start the process, AGEM members, anchored by all of the world's largest slot machine technology companies, were polled in early 2014 and asked to submit ideas on how to boost innovation that would require a change in Nevada law. The variable-payback concept was the overwhelming choice to be forwarded to the Nevada Committee To Conduct An Interim Study Concerning The Impact Of Technology Upon Gaming that met throughout 2014 and ultimately recommended that the AGEM concept advance to the Legislative level. When the Legislature convened in February, SB9 was initially assigned to the Senate Judiciary Committee, which moved it to the full Senate that passed it by a 20-0 vote. Full Senate approval moved it to the Assembly Judiciary Committee before full Assembly approval yesterday, May 14. Gov. Sandoval, a proponent of convening the Nevada Committee in 2014 as part of his platform to keep Nevada as the world's gaming technology hub, is expected to sign the bill into law within the next two weeks. The Nevada Gaming Control Board and the Nevada Gaming Commission will now lead the process of writing and promulgating the rules and regulations that will guide this innovative new direction that AGEM believes will inject new life into the slot machine segment of the gaming industry and attract younger players that are accustomed to the arcade experience and different forms of non-gambling games in their daily lives. "AGEM is especially proud to be the initiator and one of the driving forces behind the milestone event," said Thomas Jingoli, AGEM President and Chief Compliance Officer of Konami Gaming. "We'd like to thank the Gaming Control Board and Chairman A.G. Burnett for supporting this initiative over the past year and we are excited that Nevada will be the first in the world to offer the full extent of this innovative new form of gaming." Variable-payback percentages would, for example, give all players a base game with an 88 percent payback, but if you're particularly skilled at shooting down enemy p

Terrific article flundra, thanks. Reads very well.

The other good news from the Annual Report is that BVM has a much better cash position than is evident from the prelims due to the high amount of deferred income in trade payables. BVM have £0.73m cash, £2.83m trade receivables, less £2.14m payables (total payables less deferred income), less tiny borrowings. BVM therefore have around £1.4m of effectively free cash to spend on more acquisitions etc. Not bad against a £5.8m m/cap.

Anecdotal positive stuff this morning from Tyman's AGM statement (international supplier of components to the door and window industry): "North American markets overall remain strong and our key customers are optimistic about the prospects for both new build and repair and remodelling"

Tonight's RNS shows that Miton UK Microcap Trust picked up a further 2.5m shares in the placing and are now up to 8.06mm shares, or above 5% - a nice vote of confidence: Http://www.investegate.co.uk/fox-marble-holdings--fox-/rns/holding-s--in-company/201505141647282459N/

The Strategic Report in the Annual Report released a couple of weeks ago is well worth a read, as it's not included in the prelims RNS. It includes a number of encouraging comments: Http://www.belgravium-technologies.com/adminimages/WebReadyAR2014.pdf "Acquisition The Group has a clearly defined acquisition strategy and the directors will continue to consider acquisitions in new market sectors and geographies which will enhance earnings." "Following the successful acquisition of Feedback Data during 2013 we were successful in the acquisition of Access Fire and Security (AFS) during the year. AFS has now been merged into Feedback Data and strengthens the company’s position in additional market areas where traditionally it had been on the periphery namely: fire security systems and CCTV solution, broadening the product range and customer base. This will allow Feedback Data to further develop its geographic reach and improve its offering to new and existing customers." "The Group, although well established in several of the major European marketplaces, sees a clear opportunity for further European expansion. Strategies are in place to extend the Group’s coverage of this very significant region." "The technologies available within the Group have applications outside the four principal market sectors currently being exploited. In all field based applications there is an ever present demand to improve customer service and to lower the costs of providing that service. The Group is pursuing a number of opportunities which will broaden the current sector coverage."

"Gama Aviation raises game Aircraft services group looks to organic growth post merger A STRONG APRIL update from business aviation services specialist Gama Aviation (GMAA:AIM) suggests the £125 million cap will meet management’s operational and financial targets for the full year. A combination of additional new contract aircraft, a competitive global fuel deal and planning submitted for a new facility in Aberdeen to serve the Scottish east coast, point to continued organic growth going forward at Gama which, following its reverse takeover of Hangar8 in December 2014, became one of the five largest operators globally in the privately-owned passenger jet aircraft space. After a busy April which saw Gama adding five new aircraft under management, the group currently remains on schedule to run 164 aircraft by year end. Two of the five new aircraft – both Bombardier Global business jets – will be operated out of Hong Kong (as part of the Gama Hutchinson joint venture). A Challenger and a Gulfstream 550 will be UK-based and a Gulfstream V will be based in Mumbai, India; a new market for Gama. Robin Byde at Cantor Fitzgerald views ‘these multi-year high value-added contracts with the NHS and others as an important driver of earnings growth and stability for the group’. Byde reiterates a ‘buy’ recommendation and 400p target. SHARES SAYS: We share Byde’s bullish view at 290p."

Excellent update this morning. I bought in at the opening bell. Expect more earnings-enhancing acquisitions pronto imo. Finncap have a 50p target and update today as follows: "Ideagen: Full-year trading update (CORP) Ideagen has reported a trading update for the full year to April 2015, confirming performance in line with expectations: revenue of £14.3m (vs £14.2mE) and EBITDA of £4m (vs £4.0mE). Net cash of £5.3m remains strong, supporting pursuit of further strategic opportunities in FY16. The January completion of the acquisition of Gael has made a strong positive contribution financially as expected, as well as offering customer routes to product upgrades and cross sales. The group outlook reiterates a strong pipeline, with renewed NHS momentum after a pre-election slowdown in NHS activity, a growing recurring revenue base, and significant contracted work in progress. With delivery of forecasts for (April) FY15 confirmed, it is clear 12.8x P/E on unchanged FY16 forecasts offers valuation upside. 50p target reiterated (= 18x)."

Good news today, but this RNS isn't so much about the quantum of the order - the key here is to inform the wider market of HAYT's pre-eminent position in a large market with huge potential for growth given India's energy requirements. The CEO's comments hopefully set us up for further order news as the year progresses. Finncap have a 113p target price and comment today as follows: "Hayward Tyler*: Contract win (CORP) The group has announced today that it has won an additional order valued at £0.5m, in the Indian thermal power generation aftermarket. The order is for spare motor and associated parts due for delivery in Q4 of this financial year and is destined for use at NTPC’s super thermal power plant in Korba, India. HAYT has 150 units installed at 26 of India’s largest thermal power stations, representing about 20% of India’s coal-based thermal power generation. No change to forecasts. The order comes hot on the heels of a positive trading update, as well as the highly significant new subsea alliance with FMC Technologies. The shares are attractively valued and remain at a significant discount to many industrial equipment manufacturers, trading on a P/E of 10x for the year just ended and 9.0x for 2016. With encouraging commercial momentum, we see good upside to the shares with a price target of 113p, based on a target of 14x for 2016. Today’s contract confirms our positive view of the shares."

UNXL's conference call from Monday is well worth a read (some extracts below): Http://seekingalpha.com/article/3176396-uni-pixels-unxl-ceo-jeffrey-hawthorne-on-q1-2015-results-earnings-call-transcript?part=single "As we pursue this technology integration, we plan to continue to ship existing XSense touch sensor orders. This includes shipments to a Tier 1 U.S.-based PC OEM customer for 3 touch sensor devices ranging from 8 inch to 11.6 inch in size. We expect these shipments to generate commercial level revenue in the current quarter. Looking at our product and customer pipeline, we have 5 XSense touch sensor designs that have passed the initial qualification stage with this U.S.-based PC OEM and other Tier 1 PC OEMs based in the U.S. and in Asia. With one of these new U.S.-based PC OEMs, we also have a touch sensor design in the final qualification stage. We have been meeting with potential customers in the U.S. and Asia to provide an update on our XSense acquisition in order to introduce the benefits of the combined operation and IP position. We have also been discussing program progress and potential order timing. Last week, we were in Asia meeting with potential customers, all of whom have evaluated the XSense technology. They were pleased to hear that UniPixel has acquired XSense and will continue the product and retain the original team. They also expressed very strong interest in our plans to enhance XSense's performance by applying our proprietary material science technology. As I mentioned, the performance advantages of XSense are expected to allow us to immediately address a wider market, and this would be for the mobile phone market and the entire tablet market, which represents the largest segments of the touch market." "Our addressable market for XSense is expected to range from mobile phones and tablets to notebook, portable gaming, automotive and watch markets. We believe that initially addressing the cell, tablet and notebook markets will provide significant revenue growth opportunities." "Jeffrey A. Hawthorne - Chief Executive Officer, President and Director Well, we have one -- we have one more customer that's passed final qualification. So that should be -- we should be seeing that transition to commercial orders shortly. And then we've got 5 other sensors that have been through various stages of qualification. And we've been -- we've met with all of these customers. We've met with a number of them in Asia last week, so those look like they're very promising in terms of the pipeline and forecast." "Jeffrey A. Hawthorne - Chief Executive Officer, President and Director So one of the potential targets that the XSense team had been going through evaluations was with one of the major mobile phone makers. They had already gone as far as evaluating the optical and touch performance. They had just passed the initial environmental reliability criteria. So it's -- they were pre

170,000 shares bought today, mostly at the full 5.75p offer price. Another tick up coming?

OMI could make the choice to go with open pit mining, which it seems could produce up to 170,000 oz, depending on finance etc. There's a very useful new interview here which is worth copying in full: Http://www.proactiveinvestors.co.uk/companies/news/80237/orosur-mining-chief-knocking-the-gold-miner-into-shape-80237.html "BIG PICTURE: Orosur Mining chief knocking the gold miner into shape By Alastair Ford May 12 2015, 11:01am We said the second half of the year was going to be better,” says Orosur Mining (LON:OMI) chief executive Ignacio Salazar. And, with third quarter results already in, it looks like he’s going to be proved right. During the three months to February 28, Orosur produced just over 13,700 ounces of gold from its operations in Uruguay, at an all-in sustaining cost of US$1,132 per ounce. That’s 500 more ounces than the company produced in the corresponding period in 2014 and with more than US$50 per ounce shaved off costs. “Our cost cutting and optimisation programmes continue month by month,” says Salazar. “We do it to minimize the cost from the economic point of view but also to smooth performance between the quarters. The fourth quarter is going to be even better.” That strong resolve is testament to the way Salazar has now stamped his personality firmly on a company that some felt had lost its way before he took over at the top just over two years ago. Under his tenure losses have been pared, the focus restored to production, and investor confidence re-built. But having said all that, Salazar is by no means complacent, especially as the gold price has been drifting down, squeezing margins even as costs are trimmed out. “What we are trying to do in this environment, with the gold price hanging around at US$1,200, is to firm up as much as we can the fundamentals of our business,” he says. “The plan is to get the performance going consistently, to firm up our reserves and our projects, and to get our four year mine life out to five and six.” Long years of visibility are unusual in South American epithermal mines such as San Gregorio. But pushing out the mine life does give comfort to investors who do like at least to have some numbers to crunch. So in the last fiscal year Orosur added over 75,000 ounces of gold to the mine life and plans to bump that total up this year. But what’s more important is to keep the cash flow going. In the third quarter, mining operations generated US$3mln in cash for the company as the realised price per ounce of gold rang in at US$1,220 per ounce. That was down slightly on the price realised in the corresponding quarter in fiscal 2014, and this time round it’s likely to be down again. But the negative effects of the weaker gold price will be counteracted by Salazar’s cost cutting measures, by a reduction in capital spend now that a new tailings dam i

From Finncap this morning - new 280p target price, increased from 212p, and potential increases to 2016 and 2017 forecasts after this morning's placing for further acquisitions: "Constellation Healthcare Technology*: Investing in growth (CORP) Constellation has raised $20m by a placing at 140p to fund future acquisitions in the US medical billing market, in line with the group’s strategy. The group has letters of intent from six potential acquisitions. We have upgraded our PBT forecasts in FY 2016E and 2017E by 6% following the recent announcement of organic contract wins and then included the dilution from the placing. We estimate investing the placing proceeds could result in a 17% upgrade to our new FY 2016E forecasts, 22% to FY 2017E. We have upgraded our target price by 32% to 280p."

News of more growth in the digital space - fantastic client list including BP, Centrica, Castrol, MSD, Rolls Royce and Sanofi Pasteur..... Http://www.prweek.com/article/1346830/creston-forms-referrals-partnership-digital-consultancy "Creston forms referrals partnership with The Digital Consultancy Added 2 hours ago by Anna Reynolds Creston Unlimited, the owner of Nelson Bostock, has formed a partnership with The Digital Consultancy, shortly after its acquisition of How Splendid. Creston, which also owns Cooney/Waters, Fever and Red Door Communications, acquired digital consultancy Splendid last month. Creston's partnership with The Digital Consultancy is a continuation of the group's growth in digital, creating joint pitching and referral opportunities for both businesses. The Digital Consultancy was launched in 2010, with offices in London and New York. Its clients include BP, Centrica, Castrol, MSD, Rolls Royce and Sanofi Pasteur MSD. The Digital Consultancy will operate under the Unlimited brand as The Digital Consultancy Unlimited. Barrie Brien, Creston’s group chief executive, said: "The group already derives more than 50 per cent of its revenue from digital and online activities and this partnership will enhance our digital reputation further, adding expertise in digital strategy and transformation to complement our existing strength in digital marketing." Mike Coppen-Gardner, director of The Digital Consultancy, added: "Since our launch in 2010, we have continuously provided strategic digital expertise for our clients. As we continue to scale our business, we are excited about the partnership with Creston Group and look forward to working within its Unlimited offering.""

The AGM is in 2 days' time - we may get more news flow then.

I suspect that, given the way matters usually unfold following placings, today's news will swiftly be followed by news flow - not least the completion of the factory at long last.

....and a break above 500p with late buying at 505p. EAS' current year P/E ratio remains some way lower than SMS's, so still some ground to make up.