Member Info for rivaldo

Eight19 is moving forward - nice piccie of their roll-to-roll (presumably CIT) solar technology. I see this funding is led by the IP Group, which is great news as they have very deep pockets: Http://www.cabume.co.uk/index.php?option=com_content&view=article&id=1309:eight19-hopes-for-volume-manufacturing-following-1m-fundraising&catid=13&Itemid=113 "Eight19 hopes for volume manufacturing following £1m fundraising November 18, 2014 Volume manufacturing of a breakthrough low-cost, printed organic photovoltaic (OPV) technology moved a step closer after Cambridge startup, Eight19, announced it had closed a £1m equity funding round. Eight19 aims to provide affordable power for autonomous electronics and high-volume, off-grid consumer and industrial applications. It has recently demonstrated flexible, light-weight solar modules based on its low-cost architecture and fabricated using its roll-to-roll production process. The company, which had planned a £5m Series B round in 2012, says it is now working closely with a number of customers and partners to integrate OPV into their products and bring the technology to market. Chris Harris, Eight19 chairman, said: "The additional financing will allow us to accelerate development of our manufacturing process technology, as well as to better support our customers by strengthening our commercial organisation." Led by university tech transfer firm, IP Group, the funding was also supported existing investors, which includes Cambridge University's own commercialisation firm, Cambridge Enterprise. "We are very impressed with the significant progress Eight19 has made in developing its proprietary production technology and in demonstrating excellent performance under low light conditions," said Robert Trezona, head of Cleantech at IP Group and new board member for Eight19. He said: "Eight19's technology has the ability to enable a range of new market opportunities in off-grid solar and energy harvesting applications." The Cambridge University spinout is the third company to be built around the work of Prof Sir Richard Friend, following in the footsteps of Cambridge Display Technology and Plastic Logic. Eight19 was founded in July 2010, backed with a £4.5m Series A round just months later. It's quick-fire start slowed a little as a side project using established technologies to provide remote African communities with an off-grid, pay-as-you-go solar power alternative to kerosene called IndiGo picked up pace. Eventually IndiGo formed the basis for a fully fledged business in its own right, Azuri Technologies., to allow the two businesses to focus on their own offerings while maintaining a collaborative relationship."

CIT has a new web site with the following update: Http://cittechnology.com/flexible-circuits/news.html "CIT Flexes its Circuits at Advanced Engineering UK 2014 CIT is at Advanced Engineering UK 2014 demonstrating the advantages of low-cost, digitally printed, flexible circuits. The event brings together interrelated high value engineering communities: Aero Engineering, Composites Engineering, Automotive Engineering, Auto Electronics and Performance Metals Engineering. There's still time to pre-register. CIT is in the Feature Area ‘Enabling the Future’ (stand H91) with examples of a range of different types of flexible circuits and their applications. Services like CIT’s rapid PCB prototype manufacturing are invaluable when developing concepts to a deadline. They also deliver the ability to flex to fit into awkward spaces, bond to surfaces and save weight over conventional circuit boards: well suited for both automotive and aviation applications. This year the event is placing a special focus on the applications potential of two game changing materials and process innovation sectors: •Printable Electronics •Graphene CIT presentation CIT’s Product Engineering Director Steve Thomas will be presenting a session: When: Tuesday at 15.30-16.00 Where: Forum 5. Hosted by Knowledge Transfer Network Future Enablers Through Printed Electronics – Flexible Circuit Technologies Steve will be speaking on: Additive Manufacture of Flexible Printed Circuits. Come and see us on stand H91 Advanced Engineering UK 2014 - 11-12 November 2014, Hall 5, NEC, Birmingham UK Advanced Engineering UK Twitter: @advancedenguk CIT Twitter:@CITtechnology"

"CRESTON (CRE) ORD PRICE: 121p MARKET VALUE: £ 71m TOUCH: 120-122p 12-MONTH HIGH: 121p LOW: 78p FWD DIVIDEND YIELD: 3.6% FWD PE RATIO: 9 NET ASSET VALUE: 191p* NET CASH: £7.5m Year to 31 Mar Turnover (£m) Pre-tax profit (£m)** Earnings per share (p)** Dividend per share (p) 2012 74.9 10.3 12.3 3.5 2013 75.1 10.0 14.7 3.7 2014 74.9 9.6 11.8 3.9 2015** 77.9 9.8 12.8 4.1 2016** 81.1 10.3 13.6 4.3 % change +4 +5 +6 +5 Normal market sizr: 3,000 Matched bargain trading Beta: 0.60 *Includes intangible assets of £105m, or 179p a share **Liberum forecasts, adjusted PTP and EPS figures Share tip summary Management do have work to do to revitalise the business, but we think investors are undervaluing the group's improved prospects based on progress made so far. Adjusting for cash, the shares trade at 9 times consensus next 12-month forecast earnings. That looks cheap compared with Cello (CLL) and Chime Communications, both of which have net debt and trade at 11 times forecasts. Creston's rating also represents a stark discount to the sector average rating of 17. The shares also boast a useful forecast yield of 3.4 per cent this year. Furthermore, Creston has earmarked up to £2m to buy back shares this year, potentially boosting full-year EPS by more than 3 per cent. Buy"

"Creston PLC Thu 20 November 2014 Theron Mohamed Investors in search of a bargain should consider Creston (CRE). After two years of listless growth, the communications and marketing group has appointed new management, refreshed its strategy and looks set to deliver. Moreover, its shares do not currently seem to be pricing in improving prospects. We think any evidence of progress in the company's upcoming results later this month could provide a real boost to the shares. Creston's new chief executive and finance director plan to unite its pack of media agencies under a single brand, 'Unlimited'. The idea is to coax the group's communications, health and insight segments into sharing and referring clients, driving organic growth and lowering costs. True, former chief executive Don Elgie trumpeted a similar strategy back in 2012. But there's definite scope for improvement - only six of the group's 50 largest clients use services from all three divisions. Creston is in a good position to pursue growth as it has a lot of exposure to the fast-expanding digital-marketing industry, as well as the enormous US healthcare market. The group's digital and online sales rose 10 per cent last year and account for more than two-thirds of its communication revenues and over half of total sales. Geographically, Creston may prove well positioned too. While it aims to earn about half of its revenues overseas over the next five years, for now two-thirds of its revenues come from the UK, which should make it a beneficiary of economic recovery. The company can also boast an impressive customer base that spans from food retailers to automotive manufacturers, and includes Unilever and Diageo. Furthermore, its solid net cash position should support investment in growth opportunities and acquisitions. Creston is already using acquisitions to broaden its business to include new services such as technology consulting. It recently acquired Walnut, a neuroscience consultancy, and Liberation, a healthcare communications agency. It is also expanding internationally through partnerships and acquisitions - it acquired digital healthcare agency DJM two years ago, and launched it in the US in September. There is work to be done for Creston to realise its potential. Underlying profits fell last year, but importantly they rose in the second half of the year, reflecting £8.6m in new business with HSBC, Novartis and others. And first-quarter revenues climbed 3 per cent thanks to further client wins and international work. So things seem to be heading in the right direction, with broker Liberum forecasting an 8 per cent increase in EPS this year to 12.8p, followed by 6 per cent growth in the year to March 2016. CRESTON (CRE) ORD PRICE: 121p MARKET VALUE: £ 71m TOUCH: 120-122p 12-MONTH HIGH: 121p LOW: 78p FWD DIVIDEND YIELD: 3.6% FWD PE RATIO: 9 NET ASSET VALUE: 191p* NET CASH: £7.5m"

Great to see a non-exec spending £37,000 on more NTQ shares: Http://www.investegate.co.uk/enteq-upstream-plc--ntq-/rns/director-pdmr-shareholding/201411210939426682X/

Finncap say Buy, increase their EPS for next year to 5.1c and have a 51p target price. Here's their summary: "Enteq Upstream^: Encouraging interim results (BUY) Half-year results saw a decent increase in drilling tools revenues, with a strong increase in profitability. Commercial progress included new Asian customer wins, investment in new products, and a focus on operational efficiencies. No impact has yet been seen from the weaker oil price. Over the next two years, we expect sales growth will be driven by new customer territories and commercial traction with new products, even in a more difficult oil price environment. No change to current year forecasts, with EPS raised by 20% next year on a lower tax charge. The shares have bounced but remain deeply undervalued versus the company’s peers; as such we retain our 51p price target and Buy rating."

This is a "world first". and Genpact are a $3.8 billion m/cap.... Http://money.cnn.com/news/newsfeeds/articles/prnewswire/NY72184.htm "Genpact and Lombard Risk Launch New Collateral Management Solution for Capital Markets Innovative collaboration helps financial institutions streamline their margin and collateral management processes November 20, 2014: 10:00 AM ET NEW YORK, Nov. 20, 2014 /PRNewswire/ -- Genpact Limited (NYSE: G), a global leader in designing, transforming, and running intelligent business operations, and Lombard Risk Management plc (LSE: LRM), a leading provider of integrated collateral management, liquidity, and regulatory compliance solutions for the financial services industry, announce their collaboration to provide a new solution to help financial services firms optimize their collateral management operations. The collaboration between Genpact and Lombard Risk with CARDS and COLLINE addresses major cost pain points in the industry, and significantly improves margin and collateral management efficiencies with a true end-to-end solution. Genpact will integrate its Collateral Agreement and Reference Data Services (CARDS) with Lombard Risk's COLLINE® collateral, clearing, inventory management and optimization solution. This unique solution will enable both buy and sell-side firms to automatically digitize and capture the terms and conditions of various collateral agreements across asset classes, counterparties, and business silos, resulting in a margin and collateral rulebook by counterparty. More specifically, the digitized data loads COLLINE's agreement management database with the critical counterparty margin and collateral rules needed to efficiently manage and optimize margin and collateral, sharply reducing the time required to manually capture the information from existing and new agreements and amendments. Genpact's service includes the data entry of custom agreement terms which are incapable of being extracted and digitized by CARDS, and management of the data. In addition, the two companies are launching a joint business processing outsourcing (BPO) service for the collateral management function to include processes such as setup and management of agreements, integrating and verifying positions and inventory, processing of margin calls extending from issuance to settlement, and supported by aging analysis, dispute resolution, and failed settlement and customized reporting—together with comprehensive optimization and inventory management. Real-time margin management and intra-day collateral management are rapidly becoming the table stakes for financial services firms to survive and grow. They must drive a number of key functions including managing dynamic margin, collateral eligibility rules, settlement systems, exchanges, collateral across multiple counterparties, and clearing venues with diverse margin and collateral requirements. etc"

Just announced - ACSO causing a stir at IAAPA. Worth noting that a similar award win in Nov'12 for ACSO's water park product was followed in the next few months by a number of contract wins for it:. : Http://www.prnewswire.com/news-releases/accesso-passport-ecommerce-solution-named-2014-best-new-product-by-iaapa-283177261.html "accesso Passport eCommerce Solution Named 2014 Best New Product by IAAPA Award is Company's Fourth Best New Product Honor in Six Years ORLANDO, Nov. 19, 2014 /PRNewswire/ -- accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to the global attractions and leisure industry, has been awarded the 2014 Best New Product Award under the category of Revenue & Admission Control/ Wristband/ RFID Technology by the International Association of Amusement Parks and Attractions (IAAPA) for its upgraded accesso Passport® eCommerce solution. This is the fourth "Best New Product" award the company has received from IAAPA in the past six years. Unveiled in July, the latest version of the accesso Passport eCommerce solution allows attractions the ability to leverage the same key revenue-driving features accesso's eCommerce platform is known for across any device, providing a rich and engaging eCommerce experience no matter how or where a guest decides to purchase attraction tickets. This complete update of accesso's renowned eCommerce platform offers a fully responsive design, which seamlessly adapts to the various screen sizes of desktop, tablet and mobile devices, as well as the added benefit of allowing guests to scan their admission tickets directly from their smartphone. Along with the all-new user experience, a variety of additional enhancements have been made including support for a wide range of payment methods, advanced fraud protection, and integrated analytics. "We are indeed honored to be receiving a fourth Best New Product award from IAAPA," said accesso CEO Tom Burnet. "One of our company's most fundamental objectives is to help theme parks and attractions not only stay on top of the technology curve, but ahead of it, and there's substantial interest in the responsive design and other enhancements we've made to the Accesso Passport eCommerce platform." The company's award-winning eCommerce solution previously was recognized by IAAPA as Best New Product in 2008. In 2011, accesso received the Best New Product for Technology Applied to Amusements for accesso MOBILE, the attraction industry's first comprehensive mobile content and commerce solution. accesso also received the Best New Product for Revenue & Admission Control/ Wristband/ RFID Technology in 2012 for Qband the company's revolutionary virtual queuing product for water parks that utilizes waterproof RFID-enabled wristbands."

New Redchip research report just out - note the $10.8m cash compared to the £10.65m m/cap: Http://www.redchip.com/assets/reports/AKER_20141113_Research_Note.pdf Conclusion: "Target price of $11.40. We are applying a 5.0x P/S multiple to our projected FY15 revenue per share of $2.25. Our target price offers significant upside from the current price of $3.13. We believe the current entry point is very attractive, especially considering that AKER is trading just below book value (0.99x), has no debt, is generating revenue both domestically and internationally and has many pending product launches on the horizon."

I note that forecasts for next year have now increased after yesterday's results from the prior 9.1p-9.3p EPS range. Arden go for 10.66p EPS Peel Hunt go for 9.86p EPS N+1 Singer go for 10.6p EPS Given those forecasts, plus something for CDS, plus CIT/printed electronics etc, I'd say a 140p-150p share price would be a fairer valuation. Whether this comes about sooner or later, i.e after the 2014/15 finals, is another matter, but it's encouraging to see the forecasts being lifted across the board.

..from Edison. The 9.1p EPS consensus forecast for the year starting in only 5 months' time certainly suggests outperformance from current levels and perhaps a share price nearer 140p-150p, with further upside from any news on CDS: Http://www.edisoninvestmentresearch.com/research/report/carclo Extracts: "Shining fresh light on core businesses The interim figures and the confident outlook statement serve to remind investors that the core businesses of Carclo, Technical Plastics and LED Technologies are attractive, growing businesses. With increasing investor focus upon the value inherent in these businesses, rather than the frustrations of CIT, and with the potential for upwards earnings revisions, the shares could well outperform." "Valuation: Focus on growth The valuation of Carclo’s shares does not appear out of line against specialist component manufacturers like Laird or TT Electronics (CY15e P/Es of 13.8x and 9.8x respectively, source: Thomson) over the near term on consensus estimates. However, the confident outlook statement, the dynamics of the core businesses and the potential for uplifts in consensus estimates suggest to us that the shares have the potential to outperform."

Good news on the 13p placing price today, raising up to £1.5m, and also that SCE have again made room for retail investors via an open offer I note the currently much improved trading, in addition to the points noted by iaintgotaclu: "The changes introduced to improve retrofit sales are having a positive effect on trading in the current financial year ending 31 May 2015. As at 31 August 2014, the automotive order book, representing confirmed orders totalled £0.5 million (2013: £0.2 million) all being for delivery in the current financial year. This strengthening in our order book, together with sales invoiced during the first four months of the year, equates to more than 50 per cent. of the Company's budgeted turnover for the full financial year." It's also encouraging to hear that the directors are "pleased with the progress made on the 'game changer' contracts" - hopefully the auto contract will follow reasonably soon as a little reward for investors in this round.

Managed to get hold of Simon Thompson's full tip for CRE - there are some nice pearls in there... - Liberum forecast 12.8p EPS for this year to 31/3/15, higher than the other analysts shown on Hemscott - CRE's cash pile is forecast to be £10.1m by the year end, following £7.2m annual free cash flow, and this despite the share buybacks - Liberum also predict a 4.1p dividend - CRE set aside £2m for share buybacks, of which they've spent £1.6m, so there's still £400k to go - the divi may be even better as there are fewer shares in issue - over 50% of CRE's revenues are from Digital, with global internet advertising spend forecast to rise by 46% between 2015 and 2018 - the UK is the largest internet advertising market in Europe - general advertising spend is forecast to rise 6% this year in the UK - great opportunities for cross-selling, with only 6 of the top 50 clients using all 3 divisions and 18 using 2 divisions - the average tenure of a CRE client is 11 years, and all the top 20 clients have been with CRE for at least 11 years

Last week Cenkos reiterated their forecasts: 2014 - 4.01p EPS, 1.79p dividend 2015 - 5.36p EPS, 2.16p dividend The signs are extremely good for XLM achieving or even beating that 4p EPS forecast - yet another large client, Mr Green, has just reported terrific Q3 numbers, particularly in online gaming/casino et al: Http://www.sbcnews.co.uk/featurednews/2014/11/07/mr-green-co-posts-39-revenue-growth-for-2014/ "Mr Green & Co posts 39% revenue growth for 2014 Posted by: Ted Menmuir November 7, 2014 iGaming operator Mr Green & Co reported a revenue hike of SEK 484.2 million (£41.2 million) up 39% on 2013 SEK 347.6 million (£29.5 million) for its 2014 financial performance to date. Mr Green & Co presented its corporate performance for Q3 2014, with the company recording improved gaming Q3 revenues of SEK168.5 million (£14.1 million) up 35% on SEK124.1 million Q3 2013 performance. The improved gaming revenues, transferred to the operator posting an improved Q3 2014 EBITDA of SEK 42.4 million (£3.7 million) up 35% on Q3 2013 EBITDA SEK31/5 million. Mr Green & Co would post a corporate EBITDA of SEK117.9 million (£10.1 million) for its 2014 performance to date. The operator had seen increased wagering in both its Nordic and European focused business divisions (please see table below). Senior management stated that the operator would continue to grow its business capacities outside of core Nordic markets, as it looks to extend European coverage and market share for its Mr Green casino brand. etc"

Excellent Q3 trading statement this morning, with overall trading nicely in line. Three of the four divisions are trading strongly and the other one is just slowing a little from a prior stronger quarter. Revenues are showing "good growth" year on year and the outlook is good for Q4. Can't ask for more: Http://www.investegate.co.uk/fisher--james---fsj-/rns/interim-management-statement/201411130700098857W/

Excellent stuff: - "significant revenue growth" continues - trading nicely in line with expectations of around 5.2p-5.6p EPS - "strong sales pipeline" - "substantial new business opportunities across the Group" Http://www.investegate.co.uk/communisis-plc--cms-/rns/interim-management-statement/201411130700118925W/ Onwards and back upwards methinks.

New comment from Cantor FYI: "Cantor Fitzgerald has retained its "buy" rating and 32p target price for natural resources outfit Orosur Mining (OMI). This is despite the falling market price for gold as the broker's valuation of Orosur remains below its peer group. The firm continues to explore its Uruguayan base in a bid to add to reserves and extend the flagship San Gregorio mine's operational life. Orosur has outperformed the AIM mining index by 37% over the year to date and today the shares rose by 0.5p to 10.875p."

With 49p per share in cash, HGR8 looks even better value - that's 281p (taking 49p off the current share price) against the 30p EPS current year forecast, an ex-cash P/E of only 9.4, News just out - HGR8 to start transporting ebola patients....pretty lucrative I'd have thought: Http://www.oxfordtimes.co.uk/news/11594872.City_jet_operator_set_to_carry_patients/ "City jet operator set to carry patients First published 3 hours ago KIDLINGTON-based private jet operator, Hangar8, has equipped a plane to specifically transport Ebola patients in Africa. The Bombardier Challenger long-range aircraft will fly out to Sierra Leone tomorrow to carry medical supplies from the company’s base at Oxford Airport, Kidlington. The plane, which is owned by an aircraft leasing company, was delivered two weeks ago. Hangar8 chief executive and founder, Dustin Dryden, said: “We have an aeromedical division in Africa. Moving critical patients is something we’ve been doing for a long time.” Although the plane can carry up to two Ebola patients at once, it will start with a single patient. While many private jet operators only carry the patients, Hangar8 also supplies a doctor and paramedic to travel with them. Mr Dryden said: “We are the first port of medical care.” The plane will be used to carry Ebola patients within Africa, or to repatriate workers to European hospitals for treatment. Mr Dryden said multi-national companies had a legal duty of care to protect their staff against diseases such as Ebola. . In addition, having a plane equipped to fly them back home provided a sense of reassurance, even if it was not used by their staff, he added."

Here's Finncap's summary, indicating 7.5p EPS this year and 8.2p EPS next year - so almost on a single-figure forward P/E: "Hayward Tyler*: Interim results and upgrade (CORP) The increase in H1 activity stronger order book and better margin mix indicates that the group is well placed to exceed full-year expectations. Turnover increased by 18% to £24.0m, with adjusted PBT at £1.8m, broadly flat. EPS at 3.26p increased 63%. Net debt at £8.0m, reduced by £0.5m. Order intake increased by 7% to £27.6m giving an order book of £33.2m. OE operations saw revenue increase 49% to £10.8m. A one off US contract loss of £0.5m occurred with the underlying result giving a small profit. Aftermarket operations saw sales broadly flat at £13.2m, with profits up 9% to £3.4m, due to operating efficiencies. We are upgrading FY15E PBT forecast by 6.6% to £4.6m and EPS forecasts by 10.4% to 7.5p, giving YOY EPS growth of 13%, exceeding its KPI target of 10%.We also introduce new FY16E forecasts, based on sales growth of 5.2% coupled with increasing margins to 11.3% delivering 2016 EPS growth of 12%. We maintain our conviction that earnings growth will be generated through the combination of cyclical recovery, exposure to higher growth segments and on-going management action to deliver operational efficiencies. The group trades at a 23% discount to its peers. Our maintained 113p PT points to a P/E of 13.8x for 2016 and still offers substantial upside to the current valuation of 9.9x." To clarify, please note that the original text says 1.5p EPS for this year, which is obviously a typo! I've replaced it with the correct 7.5p EPS, given the 10.4% upgrade from the previous forecast of 6.7p EPS.

...and Finncap have increased this year's forecasts by 10.4% to 7.5p EPS, with a 113p target price.