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More upgrade work for Touchstar: Http://www.touchstar.co.uk/news/2014/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, providing fully supported, advanced, flexible and future proofed technology to fully optimise Cornelius’s state of the art manufacturing and distribution operation. "

Today's £20m acquisition looks extremely good for a number of reasons: - immediately earnings-enhancing - significant size - entry into many new verticals, i.e "casinos, fairs, sporting events, arenas, theatres, performing arts centres, tours and venues where assigned seating is a key component of the visitor experience" - the cloud-based SaaS solution will add to ACSO's technological lead - and it adds "a significant, repeatable and profitable revenue stream" Http://www.investegate.co.uk/accesso-technology--acso-/rns/acquisition/201411100700295568W/

- 22p EPS beats forecasts by 10% - maiden £2.3p dividend - £4.6m cash pile - more acquisitions likely - "positive outlook" and "confidence" for this year In particular, they state that spot charter rates are improving - this is a big benefit to HGR8 (see earlier posts). The 30p EPS forecast for this year looks good, and the huge reduction in fuel costs since the year end will help HGR8 hugely. Plus the long-term nature of much of their work now will be attractive to the City.

Hardman have just issued their monthly round-up for November, including a page on LRM as follows, forecasting 1.8p EPS, £3m net cash and a 0.085p dividend this year to March'15: Http://www.hardmanandco.com/sites/default/files/research_papers/November%202014%20(24).pdf?utm_source=Email+Campaign&utm_medium=email&utm_campaign=29208-256797-November+Monthly "Lombard Risk Management (LRM) Interims were reported on 16th October. Trading since the year end has been ahead of the same time in the previous year and at the agm Lombard stated that FY15 trading would be H2 weighted. 1H15 reported sales of £9.3m up 27.7%; EBITDA £0.8m (vs small loss);PBT £0.01m (vs small loss); EPS 0.0p (vs loss 0.43p); Net cash £2.2m (£1.8m). We have not changed FY15E numbers (bar a reduction in estimated tax charge hence a FY15E EPS upgrade). Lombard Risk Management sales growth in the past two full years is 31.4% and 21.6% respectively. We estimate a slow down to 10.3% FY15E and 12.0% FY16E but the risk to these estimates is on the upside. Circa 46% of group turnover is recurring and of our H2 estimates, over 60% was already either recurring or in the end September order backlog or term renewals. Judging by past performance this should underpin full year estimates strongly. The order book has gone sideways from its particularly high level of March 2014, standing at £5.1m September 2014 and somewhat higher currently. At end FY12, the order book stood at £2.7m. We anticipate ongoing growth opportunities from regulatory drivers but importantly, also new product areas e.g. the ComplianceASSESSOR product being developed currently to guide clients as to which compliance issues they need to be acting on – delivery 2015. Further, Asset Encumbrance is a core new area for future revenue growth. Lombard Risk offers templates and instructions to ensure harmonised reporting of asset encumbrance across the organisation. Whilst our estimates point to steadier growth in top line, there are ever more opportunities as legislative drivers continue strongly. The clients themselves have ‘in-house’ risk management requirements as well as regulatory requirements. Geographic expansion, particularly in USA and Japan into the crucial Far East market, will be probably an even greater feature in coming years."

Lots of interesting news flow for Blancco - for example here's validation from one of the best-known tech web sites from last week: Http://www.zdnet.com/obliterase-obliterates-your-data-in-a-good-way-7000035145/ Extract: "I haven't used Obliterase yet, so I can't report on how effective or how easy it is to use. The free trial is for Spiceworks and I don't currently have it running. My Spiceworks system was decommissioned a few weeks ago (Sad face). I have used other similar products such as DBAN and liked it quite well. DBAN is very good, but has its limitations. Blancco products are more versatile than DBAN is and cover a wider range of platforms. It appears, from the FAQ, that Obliterase only works on Windows and Linux-based computers. Sorry Mac types, you're out of luck." I also liked this UK Government approval from a month ago: Http://news.thomasnet.com/companystory/blancco-earns-dipcog-approval-for-file-mobile-and-lun-data-erasure-products-30004657 "Blancco Earns DIPCOG Approval for File, Mobile and LUN Data Erasure Products Press release date: September 23, 2014 LONDON, – UK's Defence Infosec Product Co-Operation Group (DIPCOG) approves erasure software for use with mobile devices, logical units (LUNs) and individual files For the first time, the UK Ministry of Defence (MoD) and other government departments and agencies have access to DIPCOG-approved data erasure products for tablets, smartphones, and LUNs from Blancco the global leader in data erasure and computer reuse solutions. Blancco Mobile and Blancco LUN have been approved to remove data classified up to the Official Sensitive (OS) level, making them the only solutions of their type to achieve this approval level. DIPCOG also stipulated that the products can receive a higher classification at the discretion of an agency's Head of Security (PSyA)."

Moving up nicely. Quite apart from being on a P/E of only 6 or 7, LRM is all about market positioning, being at the forefront of the need to meet the tsunami of new regulations and controls in its sectors. The new alliances with market leaders like Broadridge in the USA and now in Japan should produce lots more business for LRM's seven sector-leading products. LRM also has a healthy Balance Sheet, with around £2m net cash. Cash flows will improve as revenues grow and development expenditure falls away given the huge investment made in recent years.

It seems HVN are doing rather well in Australasia.... Http://www.theaustralian.com.au/technology/cloud-digital-stars-in-demand-as-it-looks-to-contractors/story-e6frgakx-1227111280639?nk=f0d09fad4cda24d5bc4606dbee22da73 "Cloud, digital stars in demand as IT looks to contractors The Australian | November 04, 2014 12:00AM" "Harvey Nash managing director Bridget Gray said there had been a “marked upswing’’ in demand, particularly in the last half of the third quarter. “The contract market has continued to improve month on month, with particular momentum in financial services. “We are still seeing a local preference for permanent hiring or fixed term contracts.’’ Ms Gray said there were many business/technology change and transformation programs going live."

Shore Capital now go for 9.6p EPS this year ending soon on 31/1/15, and 10.9p EPS next year (Numis go for 9.4p EPS this year).. This against the current 89p share price. And that's with 3.5p and 3.9p dividends respectively. It's easy to justify a 150p share price based on those forecasts imo, especially with the strong cash position (working capital should come back nicely in H2). The IC also says Buy and this was when the share price was at 104p: Http://www.investorschronicle.co.uk/2014/10/01/shares/news-and-analysis/tech-revolution-boosts-harvey-nash-m0wQOGHQjrjUESA3VDvn9O/article.html "Tech revolution boosts Harvey Nash East Asia is still the big story at recruitment outfit Harvey Nash (HVN). The group has shifted some of its workforce to Vietnam in recent months, but the latest development is the acquisition of executive recruitment company Beaumont KK in Japan. Chief executive Albert Ellis said the “recovery story” in Japan played into recruiters’ hands, and demand for technology appointments in the region remained strong. Technology recruitment is a booming business elsewhere, too, says Mr Ellis, with growing demand for software and website developers as more companies go digital. London’s reputation for technology innovation helped push revenues in the UK and Ireland up 2 per cent to £114m in the first half, driving a 10 per cent improvement in operating profit to £1.9m. European revenues leapt 13 per cent to £217m in the period, with muted performances in Germany and the Nordic regions offsetting roaring growth from the Benelux countries. But costs also grew, so that gross profits actually fell. Germany was held back by a plunge in permanent recruitment revenues, but Mr Ellis said trading had picked up during the third quarter. Brokerage Numis expects pre-tax profits of £9.8m for the current financial year, giving EPS of 9.4p, up from £9m and 8.8p respectively. ORD PRICE: 104p MARKET VALUE: £ 76m TOUCH: 100-106p 12-MONTH HIGH: 125p LOW: 87p DIVIDEND YIELD: 3.2% PE RATIO: 13 NET ASSET VALUE: 87p* NET DEBT: 7% Ex-div: 23 Oct Payment: 21 Nov *Includes intangible assets of £49.6m or 68p per share IC view: Harvey Nash prides itself on its geographical spread, which means it isn't reliant on one region for growth. This seems to be paying off, as pockets of strong demand continue to offset stagnant markets elsewhere. Trading on 11 times forward earnings, shares in Harvey Nash still look attractive. Buy."

From WH Ireland FYI: "Renew Holdings (RNWH) – Buy – Construction disposal enhances Market Cap £195m Price 293.5p Target 365p (360p) This morning’s announced disposal of Allenbuild Limited continues the thread of proactive moves by the company to enhance its margins and balance sheet while furthering its strategy of moving up the value chain. Allenbuild is being sold for £2.75m overall in two cash tranches, the first of which has already been paid. We are stripping out £50m sales from our forecasts but there is no impact on profits. This last fact reflects the strength of the Walter Lilly business the last notable remaining construction business, which continues to make strong progress in its HNW-facing activities. We have reiterated our Buy recommendation recently ahead of results in three weeks’ time and following strong interims (+65% PBT, +69% EPS ahead YoY, >+20% organic) and a recent upgrade in September. RNWH is a beneficiary of entrenched spending on core infrastructure and we believe the business is strongly positioned to continue to benefit from its involvement in nuclear, water (flood-prevention), rail (bridges and tunnels) and areas benefiting from a similar specialist engineering focus. With the shares on a c.12x FY2015E rating, we see further upside. Our target price is raised marginally to reflect good momentum and continuing proactive management by RNWH of its opportunities."

Firstly, today's RNS is important as it should generate material efficiencies. As stated by yump elsewhere, "XLM will have taken over websites with a mix of CMS systems, which makes managing them difficult and time consuming on lots of levels: updating, analytics, optimising and introducing anything new simultaneously. This should contribute to bottom line quite quickly, but quietly": http://www.investegate.co.uk/xlmedia-plc--xlm-/rns/launch-of-propriety-content-management-system/201411040700250479W/ Secondly, yet another XLM client have announced excellent results - 888 have this morning RNS'd very good Q3 numbers, including 23% Casino growth and 3% in Poker - with a 17% increase in active customers in Poker and Casino: http://www.investegate.co.uk/888-holdings-plc--888-/rns/q3-kpis-and-ims/201411040700270505W/

CRE is still on a single-digit P/E for this year given 11.9p EPS forecasts. And a 3.6% divi yield is a great attraction for institutional buyers. Plus the £7.5m cash pile reduces the ex-cash P/E even further.

Last year we had a Q3 trading statement on 6th November, so hopefully it's only a week or so before this year's.

More buying this morning, now at 580p. Is it a coincidence that this buying has come in after Merlin held "an Analyst Event on the afternoon of Thursday 30th October 2014 at Chessington World of Adventures Resort. The afternoon will focus on the strategy and growth prospects of the Resort Theme Parks Operating Group and will be hosted by Nick Mackenzie (Managing Director, Resort Theme Parks)" I wonder? :o)) Http://www.investegate.co.uk/merlin-entertain--merl-/rns/analyst-event/201410151154293815U/

....including a £23,000 buy at 570p and a further £29,000 buy at 570p just reported...

News today of a new campaign for CRE's Real Adventure on behalf of the DWP: http://www.thedrum.com/news/2014/10/30/government-clamps-down-benefit-fraud-and-error-new-campaign "30 October 2014 - 10:35am | posted by John Glenday | 0 comments Government clamps down on benefit fraud and error with new campaign The Department for Work and Pensions has launched a new benefit fraud and error campaign designed to reduce the £5.8bn per year loss to the Treasury arising from waste and abuse. To chip away at this bill the DWP, HMRC and Cabinet Office are collaborating on a joint campaign, showcasing a localised approach targeting claimants to ensure pay outs are accurate and above board. Devised by Team Enter, a collaboration between comprises the advertising agency Enter and Creston Group agency The Real Adventure, this approach is hoped to generate savings of £1.7bn by March. etc"

He said yesterday: "I bought RGS after it announced £15 million in new contracts, it's been looking well oversold recently. The contract for RGS strengthens its position and it looks an interesting play to hit 250 and then 300 again." And here's news of expansion in Malaysia for Blancco: Http://www.prnewswire.co.uk/news-releases/blancco-partners-with-u-mobile-to-offer-first-malaysian-mobile-device-trade-in-program-featuring-data-erasure-280493282.html "Blancco Partners With U Mobile to Offer First Malaysian Mobile Device Trade-In Program Featuring Data Erasure Blancco is the proven data erasure solution for millions of users around the globe. As the global leader in data erasure and computer reuse solutions, Blancco offers the most certified data erasure solutions within the industry. The company serves users across a wide range of industries, including banking, finance, government and defense. The company’s products are highly valued by IT asset disposal professionals around the world. Blancco operates from an extensive network of international offices and partners across Europe, North America, the Middle East, Russia, Asia and Australasia. More information is available at www.blancco.com. KUALA LUMPUR, Malaysia, October 27, 2014 /PRNewswire/ -- Recognizing the importance of protecting customer data, U Mobile incorporates Blancco's industry leading data erasure technology Consumers who take advantage of trade-in programs for mobile devices are often unaware that factory resets will not remove all data from smartphones and tablets. Blancco, the global leader in data erasure and computer reuse solutions, is now partnering with U Mobile Sdn Bhd, Malaysia's most dynamic and innovative telco, to offer Malaysia's first trade-in program for mobile devices with services for complete data erasure. "Blancco develops the market's most advanced data erasure software, holding certifications and approvals around the world, and we are proud of our role in Southeast Asia's first mobile trade-in program with data erasure services," said Alan Puah, Managing Director for Blancco Southeast Asia. "Consumers looking to trade-up to the latest smartphone and tablet offerings can turn in old devices to U Mobile with peace of mind that all data will be removed." Factory resets simply remove indexes to data, leaving data recoverable with simple tools. U Mobile's program incorporates Blancco Mobile, which works at a device's operating system level to overwrite and fully delete all data, while providing a report as proof. Blancco Mobile is third-party tested and approved for data erasure by TÜV and DIPCOG and works with Android, iOS, Blackberry, Nokia Symbian and Windows platforms. It also adheres to requirements for data destruction set out by Malaysia's Personal Data Protection Act."

This is a hugely prestigious win for Divex, great stuff: Http://www.maritimejournal.com/news101/marine-civils/diving-and-underwater-services/scottish-company-supplies-us-navy "Helium without the squealium 16 Oct 2014 Divex, of Aberdeenshire, UK has been awarded a contract to supply the US Navy with their state-of-the-art helium speech unscrambling diver communications system the HeliCom Matrix. Divex, a subsidiary of James Fisher and Sons plc and a world leader in commercial and defence diving products, has received the order from the Navy Experimental Diving Unit (NEDU) through American partner, Chase Supply Inc. To be used at their deep trials and training facility in Panama City, Florida, the HeliCom Matrix is a fully digital diver communication system that provides communications for the chamber complex and wet test chamber. The client required a system where they could communicate with all personnel from one central system and were impressed with the large, easy to use, touch screen interface and how it could be tailored to suit their system. Launched in 2010, the HeliCom Matrix is the first of its type; a helium speech unscrambling communication system which retains all of the original voice pattern to ensure clear, concise and intelligible communication is provided for divers operating in extreme depths and conditions. With improved speech intelligibility comes improved safety for the divers and this was a major contributing factor during the design phase. Saturation divers use helium as the major component of the special breathing-gas mixture called heliox (a mixture of helium and oxygen). One of the disadvantages of helium is the "Donald Duck" effect on the voice which complicates the communication process. Early helium speech unscramblers created a lot of distortion which made it difficult for reliable diver communication. The HeliCom Matrix achieves superior, crystal-clear diver helium voice communication through advanced DSP (digital signal processing) helium speech decoding techniques. The helium speech from the pressurised divers and the chamber occupants are mixed in an audio mixer before decoding to the selected gas and environmental settings by a digital signal processing circuit (DSP). This has been the key element of HeliCom’s success –the clarity of speech irrespective of the depth the diver is working. HeliCom Matrix is a step forward over existing implementations because of the incorporation of precise modelling of the translations introduced by the Heliox mixture on the human voice including both pitch and envelope distortion. It has a high speech intelligibility level score, averaging 97% during modified rhyme tests at depths of up to 350metres depth – it is unrivalled in the field. The HeliCom Matrix also offers automatic unscrambling which is unique to the Divex system. This removes the need for user interaction to control the depth at which the un

Bouncing nicely now - and here's a new Equity Development report on RGS http://equitydevelopment.co.uk/doc/1274.pdf Summary: "Regenersis announces a slew of new business worth in excess of £15m pa (annualised) for its depot solutions division These include repair and refurbishment contract with Sony Mobile in Mexico, another with HTC in Poland, and several new repair contracts for leading insurers to be completed in Poland and Romania These significant competitive wins underpin our FY15 forecasts, which anticipate double digit organic top line growth with improving profit margins We're unaware of any other UK stock that presently offers this level of consistent sales growth (FY15 would be the 6th year in a row) - yet can be purchased on such a modest 10.7x PER; falling to 9.3x once the distortive effects of the cash pile are stripped out."

Things are looking good here. Further to the Betsson results below, Unibet (another of XLM's larger customers) have also today announced forecast-beating Q3 results: Http://in.reuters.com/article/2014/10/29/unibetgroup-brief-idINFWN0SN03U20141029 "BRIEF-Unibet Q3 pretax profit tops forecast STOCKHOLM Wed Oct 29, 2014 12:05pm IST Oct 29 (Reuters) - Unibet Group PLC * Q3 pretax profit 18.1 million GBP versus 13.7 million in Reuters poll * Q3 gross winnings revenue 80.4 million GBP versus 74.3 million in Reuters poll * Says "In the period up to 26 October 2014, average daily gross winnings revenue increased by around 10 per cent (approximately 20 per cent in local currency) compared to the same period in 2013"

http://www.optimalpayments.com/news/press-releases/optimal-payments-launch-ios-sdk-apple-pay-enabling-secure-mobile-payments Optimal Payments to Launch iOS SDK for Apple Pay, Enabling Secure Mobile Payments for Developers, Merchants, and Partners Company continues to expand merchant payment options available through the NETBANX gateway LONDON, MONTREAL, and NEW YORK (Oct 28, 2014) – Optimal Payments Plc (LSE AIM: OPAY), a leading global online payments provider, announces it will launch an iOS software development kit (SDK) for Apple Pay™ allowing developers, merchants, and partners to add Apple Pay In-App Purchase as an accepted payment option. Apple Pay provides a secure method to accept payments from customers through the iPhone 6 and iPhone 6 Plus, and In-App Purchase payments are expected to represent the largest share of early Apple Pay transactions. Once launched, developers will be able to access the easy-to-implement iOS SDK, and all the tools they need, directly from the Optimal Payments Developer Centre. Merchants will have the added benefit of a single-source provider for all of their online payments solutions. Furthermore, Optimal Payments’ iOS SDK will support merchants and developers with a single point of integration for future regions as Apple Pay is rolled out globally. Apple Pay transactions will be processed seamlessly with other payment options, and data will be consolidated and reported through the NETBANX® back office. “Mobile commerce continues to accelerate exponentially,” said Danny Chazonoff, chief operating officer, Optimal Payments. “Being able to offer Apple Pay supports our strategy of providing merchants and consumers with innovative payment options that reduce friction and provide an enhanced shopping experience, using the most secure payment technologies available.” Merchants processing Apple Pay transactions through Optimal Payments’ NETBANX gateway will benefit from the added security of credit card processing with Apple Pay™ and network-level tokenization. “We already offer a wide range of merchant-side tokenization services, and are pleased to see an active commitment to security and the use of the latest tokenization standards as the cornerstone of the Apple Pay payment system,” said Mr. Chazonoff.