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From Wednesday - this all sounds promising, particularly the "very fast start in 2015". Long article, so this is just the start: Http://www.soloazar.com/international/noticia/12031-Lindsay-2014-has-been-a-transformational-year-for-GameAccount-Network "Lindsay: “2014 has been a transformational year for GameAccount Network” United States 21 January 2015 (SoloAzar Exclusive).- SoloAzar exclusively interviewed to the Commercial Director of GameAccount Network, Daniel Lindsay, who talked about the results of his company the last year, the performance of its products and the objectives for the future. According to Lindsay, “2014 has been a transformational year for GameAccount. 12 months ago we had only just gone live with our partners Betfaircasino.com in New Jersey and with that very large piece of work successfully launched we opened 2014 by moving to brand new offices in Central London and bolstering the team in every department to allow us to deliver work even more efficiently. Our content portfolio has continued to be embellished with additional games from existing content partners and exciting new content developers added.” “The landmark developments during 2014 commenced with our unique Simulated Gaming product launch with Foxwoods Resort Casino which was followed up with Empire City Casino: four additional Simulated Gaming partners will go live over the next three months in North America and Australia”, the Commercial Director of GameAccount Network added. The leading developer and supplier of enterprise-level B2B gaming software and online gaming content has completed integrations with WMS and NetEnt as well as adding Gamomat, Reel Time Gaming and High Flyer games to its roster. Novomatic will be integrated early in 2015. GameAccount Network is adding new real money gaming partners across Europe as well as driving success for its Simulated Gaming products globally. “We are excited about the progress made and look forward to a very fast start in 2015”, Lindsay said. etc"

The new broker forecasts of historic 4.35p EPS and current year 5.86p EPS - with 1.91p and 2.57p dividends respectively - are now up on Hemscott, so should attract some attention. That's a 4.4% yield for this coming year. Over the next 15 months to say April '16 (assuming April is when the final divi is paid), holders will get around 3.52p of dividends - around a 6% yield

A third factor now helping OMI is the devaluation of the UGY Peso against the US$ - now 24.3 against 21.3 a year ago.

The gold price is now back above $1,300. I also read that 40%-50% of gold production costs are fuel-related. With the oil price having halved we should find that costs are dramatically reduced as well as benefiting from the increased gold price.

VSA Capital this morning still expect a PBT of £5.5m for 2015 based on the output already sold - this equates to around 3.75p EPS.... They have a 49p target price: "Alkane Energy (ALK LN)# Alkane Energy (ALK), the UK gas-to-power producer, has released a pre-close trading update for the period ended 31 December 2014. • Electricity output (CMM and Power Response) was c200GWh, +4.2% YoY (2013: 192GWh), VSA FY estimate was 230GWh. • Average electricity sales price was £52/MWh, -1.9% YoY (2013: £53/MWh), VSA FY estimate was £53/MWh. • As of 31 December 2014, 82% of 2015 output contracted at an average price of £52/MWh (As of 31 December 2013, 59% of 2014 output at £53/MWh) • FY 2014 results will be published 11 March 2015. Board expects revenue to be c£18m (-14% on our forecast of £20.9m) and an adjusted PBT of £3.25-£3.5m (-16.7%-22.6% on our forecast of £4.2m) VSA Comment Headline financial figures are certain to deliver share price weakness today. From an H1 adjusted PBT of £0.5m, there was little room for error in H2 if FY forecasts were to be hit. A late start for the upgraded capacity at Wheldale and Shirebrook combined with a mild winter, which reduced the number of STOR calls (-56% YoY), impacted results significantly. However, ALK made significant progress in 2014 in its power response business through acquisitions (10MW Wheldale, 49MW Carron Energy) and developing its organic pipeline, supported by the award of Capacity Mechanism agreements concerning the development of 46MW of new generation capacity to be completed by winter 2018. In CMM, ALK will drill two CMM licence sites in 2015 (Stoke, Markham Main) and the company has also applied for a number of new CMM licences as part of the 14th Onshore Licensing Round. The current weak electricity prices is predominately an issue for ALK’s coal mine methane base load output, although it does also impact STOR/winter peak-load pricing. However, ALK has locked in a much higher proportion of this year’s output than it did last year and even has 30% of its 2016 output sold at £51/MWh. In power response, the related fall in gas prices has helped to preserve margins. Average 2015 electricity price is currently c£43/MWh (having been in the 50s for most of 2014) with 2016 pricing currently c£45/MWh, demonstrating the advantages of ALK’s forward pricing strategy and also highlights that fact that 2016 provides the most near-term risk, not 2015. For 2015, we would expect a significant jump in output as Maltby (down for maintenance for three months in FY 2014) and other acquired assets make a FY impact (VSA est: 230GWh). Given the level of output already forward sold, we expect an adjusted PBT of £5.5m for FY 2015. We retain our BUY recommendation but, having made certain adjustments to our model (including reducing average selling price

Gold up again and now approaching $1,295. New article on OMI on Minesite: Http://minesite.com/2015/01/19/orosur-mining-expects-costs-to-fall-and-cash-flow-to-rise-as-it-moves-back-into-higher-grade-rock/ Extracts: "“In the second half of the year there will be less capex”, he says. “And we are confident that in the second half we are going to generate more cash flow.” That’s because the company has now mined through a lower grade sequence of rock at Arenal, and will now revert to mining from large transverse stopes. The overall plan is to produce between 50,000 and 55,000 ounces of gold for the full year, at cash costs of between US$850 and US$950 per ounce. The recent uptick in the gold price will no doubt be welcome, and should take the company back into profits, assuming even only a modest improvement on the all-in sustaining cost of US$1,258 reported in the most recent quarter. In the meantime, Orosur will continue to pay down its debt, which fell to US$3.2 million at the end of the last quarter, down from US$4.9 million at the end of May. The plan is to get it paid off by the end of the year, although there is an additional undrawn US$3 million facility in place if any wriggle room is needed. And finally, over in Chile, Orosur has reworked its deal with Codelco on the Anillo property, allowing it potentially until 2022 to complete its obligations under the farm-in agreement. Negotiations with potential funding partners for further exploration work there are continuing. All told, Ignacio is satisfied with progress to date. “It’s mission accomplished for the first half”, he says. Now, we’ll have to see what the rest of the financial year brings."

Cenkos' estimates have now been increased to - 2014 = PBT £9.69m and EPS 4.35p 2015 = PBT £13.31m and EPS 5.86p 5.86p EPS for this year is a P/E barely into double figures. If you strip out the cash pile - say $35m - then the ex-cash P/E probably drops to around 8 or so. We can certainly expect more acquisitions in 2015 - the CEO has said we can expect one large acquisition per year and other smaller ones too.

Lovely trading update - strong recent trading means results will be ahead of expectations - so probably around 12p EPS or so: Http://www.investegate.co.uk/somero-enterprises--som-/rns/trading-update/201501200700095663C/ Plus SOM must have at least $11m-$12m net cash now against the £67m m/cap, so they're able to reduce their cost base by buying their HQ freehold for $2m. And this is a global leader now - "sales in North America, China, South East Asia, Latin and South America and Europe"....

Cenkos have now increased their forecasts for this year (2015) - anyone got them? Must be nearer 6p EPS now: Http://www.sharesmagazine.co.uk/news/xlmedia-beats-the-house#.VL0jCU1yaUk "XLMedia beats the house Online betting marketing specialist XLMedia (XLM:AIM) advances 10.6% to 58.1p as it announces 2014 results will be ahead of market expectations. As we discussed in the Christmas issue of Shares the market was waiting for confirmation of revenue and profit growth. This update delivers in spades with the £113 million cap unveiling annual revenue for 2014 of at least $49.5 million and adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) of at least $16.6 million. This is around 43% and 24% respectively ahead of 2013. Momentum has been building ahead of this announcement and with today’s rise the stock is comfortably above the 49p issue price on the March 2014 IPO. The Israeli firm’s main source of business is its 2,000 and counting website portfolio and its search engine optimisation activities. The websites are typically gambling portals which offer information on gaming-related topics. XLMedia uses the sites to direct traffic to online gaming sites offered by the likes of 888 (888) and Unibet (UNIB:SS) and banks a fee when users start gambling. The group stepped out into the social gaming arena through the $19 million acquisition (1 Sep) of ExciteAd Digital Marketing and it is also looking to diversify into new geographies from its core focus on the Nordic region with the UK, Germany, Canada, Australia, Denmark, Belgium and the Netherlands in its sights. In addition the group is positioning itself for the medium-term opportunity in the US. The company does not appear to be resting on its laurels with headcount increasing more than 50% in 2014 as it targets the next phase of growth and it confirms the outlook for 2015 ‘remains positive’. House broker Cenkos Securities reiterates its buy recommendation, upgrades 2014 and 2015 forecasts and, unsurprisingly, is extremely bullish: ‘With a growing presence in regulated markets, a diversified client base and an attractive earnings growth profile – reflecting the exposure to fast-growing markets – we believe the stock is fully deserving of a re-rating. ‘Add to this the balance sheet strength to support a consolidation play and highly cash generative nature of the business model, the board’s policy is to distribute at least half of net earnings by way of dividends, and we consider XLMedia to be a high-conviction buy.’"

Indeed - nice to see a 49p fair value for the shares. Here's a direct link: Http://allenbycapital.com/research_163_1461517379.pdf

Panmure Gordon have just issued a buy note and increased the SP target from 94p to 106p. 106p would in particular be extremely cheap for a predator, which is the endgame here imo. Currently I think they'd be happy to pay 120p-130p, but as the business grows and improves that figure will climb nicely.

GMAA manage and operate Wheels Up's fleet of 37 aircraft - and Wheels Up are seeing "incredible growth", expecting membership and hours to double this year: Http://www.baviation.cn/en/operations/all/operators/3337-wheels-up-hits-fleet-and-membership-growth-goals-in-2014 "Wheels Up Hits Fleet and Membership Growth Goals in 2014 Published: 15 January 2015 Written by INT821 Wheels Up Hits Fleet and Membership Growth Goals in 2014 Private aviation program Wheels Up says it achieved its key goals for 2014, taking its fleet to 37 aircraft and its membership base to just above 1,000 by year-end. In the next few months, the company expects to agree on the next phase of its fleet expansion plan by resolving with Textron Aviation the rate at which it will exercise options for further King Air 350i twin turboprops and Cessna Citation Excel/XLS jets. The Wheels Up fleet, which is managed and operated by Gama Aviation, now consists of 27 King Air 350is and 10 Citations. Agreements signed after the program launch in July 2013 call for up to 105 King Air 350is and an initial 20 Citations. Wheels Up is now targeting a client base of 2,150 members by the end of this year and expects to boost its activity levels from more than 10,000 hours from service launch in November 2013 to the end of 2014 to between 20,000 and 25,000 hours this year. Wheels Up founder and CEO Kenny Dichter told AIN that he wants to launch initial operations in Europe by late this year or early next. “We are definitely on track with our fleet expansion plans and we’ve seen incredible growth, with a powerful set of members that is just getting started,” he commented."

Http://www.touchstar.co.uk/news/2015/TouchStarCornelius "TouchStar “Dispense” Another Top Solution for Cornelius Beverage Technologies With a need for innovative, cutting-edge solutions that guarantee their brand promise, the implementation of TouchStar’s latest generation Boston 8550 handheld terminals is set to help Cornelius provide additional productivity gains within their Brighouse based manufacturing and distribution operation. As the world’s leading supplier of beverage dispensing and cooling equipment, the importance of maximising the prompt and efficient service to their consumers is a key objective for Cornelius. The state of the art technology upgrade, based on TouchStar’s Boston 8550 handheld will support fast and accurate data capture, key in securing the additional productivity gains through the goods in, put away, picking and despatch operation. In addition, the rollout of the latest generation RF solution will also provide enhanced visibility and traceability throughout the complete manufacturing process, allowing Cornelius to set new standards for the provision of intelligent management information. Continuing a longstanding relationship with TouchStar that spans over 9 years, the upgrade is to be implemented across their operation in the near future. Jon Leaning, System Analyst, explains, “Having worked closely with TouchStar for a number of years, my experience was positive, so it made sense to look at how their latest generation technology could benefit Cornelius and our clients. Following an evaluation period, it became clear that the Boston 8550 would provide the advanced, flexible and future proofed technology that would allow for additional efficiencies within our manufacturing and distribution operation. TouchStar provide the equipment and the 24/7 support so we are confident that we have access to the levels of support to fully optimise our real time operation.” Kevin Crookes, Technical Consultant at TouchStar, adds, “I am delighted that Cornelius has chosen to work with us on their system upgrade. Having worked with Cornelius for a number of years, our understanding of their operation has allowed us to put forward a solution that will integrate effectively within their busy manufacturing and distribution operation. We look forward to continuing our relationship with Cornelius for many years to come."

CMS are now well and truly on a single-figure P/E for the current year based on that 7.1p EPS forecast. Very good value at these levels - and the 2p dividend must be highly attractive to institutional investors.

Excellent stuff - almost £10m cash now against the £66m m/cap. The 2015 P/E ex-cash here is now only around 11 or 12 - possibly 30%-40% below fair value given the strong trading, and certainly low imo given the high recurring income, market leadership, expansion into new sectors and geographical growth.

Great stuff. Forecasts this year are already for 5.36p EPS - will they be increased yet again? EBITDA is at least 25% up on last year. For a growth company like this one should expect a P/E of say 15, i.e a share price target of 82p - and that's without adding on the say $30m cash pile. Further acquisitions will likely make XLM even cheaper. Plus there's a 3%+ dividend yield. What more could you want?

http://www.proactiveinvestors.co.uk/columns/beaufort-securities/17611/beaufort-securities-breakfast-alert-including-dekeloil-alecto-minerals-and-fox-marble-17611.html "Fox Marble Holdings (LON:FOX) – Speculative Buy Yesterday, Fox Marble announced a confirm order from St George, the prestige-homes division of UK-based Berkley Homes, for 900 square metres of polished slabs of its grey Argento Grigio marble. The marble slabs would be installed in 50 apartments of Chelsea Creek development in London. The order came through the company’s Offtake agreement with Pisani and is expected to be delivered by February 2015. Our view: The latest order from a prestigious home builder adds to the already strong order book for 2015. In fact, the company’s hands are full with orders worth £1.5m for 2015 with more expected to follow due to the high-quality of its product. Apart from the compensatory benefits, the more prominent part of the deal is an opportunity to tie-up with a marquee name like Berkley Homes that enjoys a commendable position in the new homes market in the UK. On the other hand, the likely completion of factory for cutting and processing of marble blocks by Q1 2015 would enable proper handling of the surge in bulk orders. Apart from better visibility for new and existing orders, we like the company’s strategy of expanding into new markets including the Middle East and India. In view of these positive developments, we reiterate a Speculative Buy rating on the stock."

Excellent news - a prestigious sale of POLISHED marble to Berkeley Homes. A great reference point and hopefully the first of many.....

Good to see a tick up already today on a buy of just 1,000 shares :o)) Hopefully the run up to the results in March will be good, now that we know PEG are on track for 1.8p EPS and a P/E of 6.5. Graham-wales, market expectations are for that 1.8p EPS and £0.6m PBT, against a current 11.75p share price. The core results themselves should now show that PBT of £0.6m compared to a loss of £0.7m last year, so this huge improvement in reported numbers may well in itself provoke a very nice re-rating.

Persistent buying over the last few days. Nibor, LRM was definitively not tipped by TW last week AFAICS. If you can provide a link I'm happy to be corrected, but I haven't seen anything. Anyway, the more attention for decent small caps like LRM the better.