Member Info for rivaldo

HAYT (and RNWH, which I also hold) just tipped in WH Ireland's monthly magazine: http://assets.wh-ireland.co.uk/downloads/whs/2014_12.pdf "Couldn't summarise it better given 7.4p EPS this year and 8.1p EPS next year: "Trading on 11x 2015 earnings shares in Hayward trade at a discount to the peer group yet the outlook for growth is potentially stronger."

RNWH (and HAYT, which I also hold) just tipped in WH Ireland's monthly magazine: http://assets.wh-ireland.co.uk/downloads/whs/2014_12.pdf Interesting about the US property assets. I see that RNWH have £3.2m of "Developments and undeveloped land" in the accounts - I assume this is the US property? And I wonder how much this might be worth, both against the historic accounts value and post planning permission? Nice conclusion, particularly re the debt falling to almost nil in the next year: "In terms of the underlying drivers, RNWH carries out vital tasks on the rail network (bridges and tunnels) in addition to its involvement with Sellafield and with energy more broadly; and again essential work for the water companies. Spend in these and RNWH’s other areas is well underpinned by longterm plans. Following the positive results, this year’s key focus is on delivering the next stage of the margin upside, with a 3-year 4.5% target, highly achievable, we believe and implies 40% EPS growth. RNWH still retains US property assets, and is seeking planning permission on some of these. Notwithstanding the very strong share price performance, the shares remain modestly rated on 10-11x PE. Substantial dividend rises have pushed up the yield. Net debt is set to fall to well-nigh nothing in the coming financial year."

Peppa Pig "rapidly gaining momentum" in Asia ... “The increased exposure afforded by the new broadcast and multi-platform partners and the licensing expertise that Candy Ho brings in key territories are crucial to our ongoing strategy to harness the enormous potential for Peppa in Asia and we look forward to introducing new merchandise and events to the region throughout 2015.” hxxp://www.licensing.biz/news/read/peppa-pig-rapidly-gaining-momentum-in-asia/041193 hxxp://kidscreen.com/2014/11/27/peppa-pigs-presence-grows-in-asia/ hxxp://www.c21media.net/peppa-prompts-eone-appointment/ hxxp://tbivision.com/news/2014/11/news-brief-nick-sprinkles-asian-peppa-schedules/362482/

It's interesting to see from the new Cantor note that they expect the first "gamechanger" auto contract to be signed in "2014", implying in the next 30 days, with more to come in 2015. Let's hope so.

CAR being touted as a takeover target... Https://uk.finance.yahoo.com/news/4-dirt-cheap-takeover-targets-143812921.html "Carclo: A Break-Up Story? Carclo caught my attention because: a) it has recently appointed Peel Hunt as joint broker; b) it has restructuring/break-up potential; and c) its shares have lost 66% of their value this year. Carclo designs and manufactures technical plastic products. It has a market cap of £61m and an enterprise value (market cap plus net debt) of about £90m. Its shares trade at about 1x sales and 7x EBITDA, which are fair trading multiples for such a business. Earlier this month, it said its loss-making coated film business, CIT Technology, which is the smallest of its four divisions, contributed to hefty impairment charges. A strategic review of CIT is underway and a decision will likely be taken by March 2015. What counts is that the other three divisions offer value to buyers looking for break-up candidates, in my view." Also, there's a news item from CDS: Http://www.carclodiagnosticsolutions.com/media-centre/press-releases/13-11-2014.aspx "Carclo Diagnostics Solutions showcases its technologies in 2015 13 Nov 2014 Carclo Diagnostic Solutions Ltd will be exhibiting its capabilities at the SelectBio conference on Microfluidics and Point-of-Care Diagnostics in Berlin, 17-18 March 2015. CDS will have a stand alongside several of the leading players in this marketplace and will promote its enabling technologies and solutions to potential licensing partners. CDS also intends to present posters at this event to the scientific community, detailing its progress in several of its technology areas."

Good news - the Chancellor is seriously considering tax breaks for makers of children's TV programmes in the UK: http://www.dailymail.co.uk/news/article-2848665/Teletubbies-tax-cuts-Osborne-looking-seriously-cutting-cost-making-children-s-TV-Britain.html Extract: "Mr Osborne used his 2012 Budget to announce a major boost for British drama, unveiling what was quickly dubbed a 'Downton Abbey tax break'. Homegrown TV productions were given discounts of between 20 and 25 per cent on their corporation tax bill, to encourage more high-end drama to be made in the UK. Now Mr Osborne has revealed he could extend it to children's TV as well. Speaking at the launch for the Creative Industries Federation, the chancellor said: 'I am looking very seriously to see if I can look to expand tax credits to children's television and also look at it for orchestras."

The Government have today announced £2.3 billion of flood defence projects - plenty of work for RNWH there..... Http://www.bbc.co.uk/news/business-30282701

New Edison note FYI - and forecasts have been increased. They now go for 12.7p EPS this year, with a 4.1p dividend. Next year it's 13.1p EPS, with a 4.4p dividend. They also forecast £5.4m net cash at the year end, and note that CRE are on a 13% discount t0 other UK-quoted comparators: Http://www.edisoninvestmentresearch.com/research/report/creston9

Nice tick up on Friday night. And more contract news on the web site: Http://www.touchstar.co.uk/news/2014/TouchStarGreatBear "TouchStar Supply Truck Mount Devices for Great Bear “Super Shed” Facility TouchStar’s Vienna 7500 Series Truck Mount devices roll out in Great Bear’s New Nottingham based high specification facility. The facility, developed as a robust single site solution, coincides with the 20th Anniversary of Great Bear, a leading logistics company in the provision of Storage and Distribution Solutions. The “Super Shed”, and its infrastructure have been developed to support the future growth of their operation and the strengthening of a longstanding customer relationship. Great Bear fully appreciate the effectiveness of Radio Frequency technology and like to source the most up to date systems and infrastructure to enable them to run an optimised and efficient warehouse. Already in use across a number of locations nationwide, the Vienna 7500 truck mount device is Great Bears terminal of choice, providing fast, high end and accurate warehouse data capture whilst meeting their requirements for a rugged and reliable device. The latest generation Vienna was most recently rolled out within the new “Super Shed” facility and is set to play an integral role in streamlining a number of existing warehouse processes. Further supporting Great Bear’s growth objectives, the devices are also backed by an all-inclusive TouchStar support contract, guaranteeing operational efficiency, decreased downtime and reduced cost of ownership."

Terrific news - adjusted PBT and cash generation is going to be ahead of current market expectations..... Great to see the acquisitions bedding in so well, plus all the cross-selling, which bodes well for VisionOne next year. And TB's comments about the "health of the sales pipeline" indicate that that there's much to look forward to.

Sibaker, once you are allocated and pay for your Open Offer shares at 13p each, you can do what you like with them, either holding, buying more on the open market or selling on the open market. You realise that you can apply for more than simply your allocation based pro rata on your current holding, since this is an Open Offer? And that this Offer is EIS-able, so you can get substantial Income Tax and CGT relief (as long as you hold them for 3 years)?

From prior comments I remember CAR will benefit nicely this half from lower raw material prices given the spectacular fall in oil prices. CAR will also benefit from current exchange rate movements. Good to see the Naked Trader buying in now too: " Http://nakedtrader.co.uk "I've bought some Carclo (CAR). I was in this a long time ago because they had some new technology - however it wasn't working out well so I bailed. But on the basis of their other businesses the shares look value under a quid so it seems worth buying at these levels targeting 25-30% for upside to 125-130 in time. (Patience will be required, I have it).""

Cantor have a new research note now out - their base valuation is 28.2p. They actually give a range of scenarios, including the "really takes off" scenario and a share price of 118p..... Kudos to SCE (and presumably to Cantor Fitzgerald too) - the new note is now up on the SCE web site for all to see: Http://www.surface-transforms.com/files/st_corporate_company_update.pdf

Yep, certainly an iIntriguing share transaction, with the non-exec appointed a year ago basically selling the same shares he acquired in February, at the same 13p price, leaving his residual holding intact at just over 5m shares. The similar price and amount involved - and his remaining in position and leaving his original holding untouched - leads me to think that this is due to some personal circumstance or other. It's usually divorce!

....achieving 0.5p EPS in H1 despite the problems in Germany and some supply delays. The back orders falling into H2 for infectious diseases should mean an even brighter H2 given that food intolerance is booming. Forecasts of 1.2p EPS for the year look perfectly reasonable. ODX have £2.1m of cash, with relatively small long-term borrowings to offset, so should hopefully see no or minimal dilution - given the profitable core business - through to commercialisation of the Aids test and the allergy programme.

A mixed trading statement, which seems to have been anticipated by the markets given the recent share price performance. HVN now go for similar operating profits to last year, which equates to around 8.8p EPS, so it would seem the current 77p has discounted everything. The 3p-3.5p dividend should help too. Currency movements should benefit H2, to at least mitigate the European downturn. Interesting that HVN has appointed specialist advisers to recommend on its strategic options for the European telecom outsourcing business. How much might they get for this I wonder? The cash should be increasing nicely given the success in reducing debtor days. The 8% increase in headcount since January should also soon result in additional revenues after the initial bedding in. I think perhaps HVN have prepared the markets for the worst - and the short-term bad weather in the USA may have contributed to that sentiment - such that the 31/1//15 results and overall outlook may be rosier, especially with possible European QE and an American economy which continues to prosper.

H1 is always considerably the weaker half, so such a bullish outlook is good to see. Trading was "comfortably" in line with expectations, which sounds extremely positive. And there's a "strong" pipeline for H2, with "significant contract wins" since 30th September. Recurring revenues are up to 64% of gross profit too. Good stuff. There's always a few idiotic punters purely in for a few days pre-results who end up selling for a loss first thing, but the share price is bouncing nicely now.

...with growth in total and like for like revenues having increased in Q2 since the last trading statement. Around 5p EPS in the weaker H1 indicates that 12p EPS forecasts for the year should be met, and the outlook statement confirms that. Nice 13% dividend increase too, again making the 4.1p divi forecast for the year look realistic. Without the strength of the pound in H1, and the extra property costs, H1 would have been superb. So the weakening of the pound in the stronger H2 may well see some rather good results for the year, especially given the raft of new client wins. On a P/E barely in double figures CRE remains undervalued imho. Interesting point here which I'd missed originally and sounds promising: Http://www.research-live.com/news/financial/creston-half-year-revenues-up-5-as-serviceplan-partnership-announced/4012575.article The CEO "also cited a new partnership with German-owned international marketing communications group Serviceplan which has more than 30 offices worldwide including 16 in Europe. The two have partnered previously, to win CRM assignments for Danone in Germany and the Middle East as well as on BMW Motorrad, but this formalises the partnership so that they jointly pitch for pan-European and US work."

Great results - summarised by WH Ireland, who retain their Buy and 375p target after the results: Renew Holdings (RNWH) – Buy – Ahead of expectation results, thanks to strong engineering services demand Market Cap £183.6m Price 295p Target 375p A strong set of results from RNWH this morning features PBT/EPS 5% ahead of expectations (+64% YoY) at £16.1m PBT / 20.8p EPS, as against our £15.3m PBT / 19.5p forecast. Net debt at £16.1m is less than we expected to the tune of c.£4m. The dividend is raised by 39% to 5.0p, ahead of our 4.6p expectation, a strong sign of confidence in the future. The order book is up 21% to £439m, underpinning the good forward visibility for this company. Behind the strong outturn lies good performance across all the engineering sectors with in particular rail and energy delivering, but a positive outturn from water as well. We see the current year strategy as focussing on margin upside against a backdrop of decent underlying revenue growth, some c.8%. Our forecasts are raised modestly for the current year, from £19.4m / 24.4p to £19.6m / 24.9p. Our new net debt forecast is a mere £4m for the current year. Our dividend forecast is raised from 5.5p to 6.0p. We reiterate our Buy recommendation – the PE is 11.8x for the current year, dropping to 10.9x for FY2016E – not demanding."

Good to see the price moving in the right direction. Bonkers share price imo. Incorporating a full year of the ExciteAd and other acquisitions, next year's forecasts are for 5.36p EPS and a 2.16p dividend. That's a P/E of only 8.5 and almost a 5% yield. Not to mention the $30m-$35m cash pile which will no doubt produce further earnings-enhancing acquisitions sooner or later.