Member Info for rivaldo

Canaccord have just reiterated their Buy recommendation and 600p target, whilst Numis now have a 700p target: Http://tickerreport.com/banking-finance/307163/canaccord-genuity-reaffirms-buy-rating-for-optimal-payments-plc-opay/

...particularly as it addresses electric vehicles: Http://www.surfacetransforms.com/news_item2.php?wnID=1867 "ST to develop ceramic brake discs for electrical vehicles Surface Transforms in collaboration with electric vehicle specialists Delta Motorsport have been successful in the latest Niche Vehicle Network (NVN) funding competition and have secured funding for their project to develop carbon-ceramic brake discs for electric vehicles. This project will address the opportunity for significant weight reduction (>60%) of brake discs for electric road vehicles whilst targeting a cost reduction of >30% compared to lightweight (conventional ceramic) brake disc technology. This will be achieved firstly by optimising the design of the brake disc for the specific attributes of electric vehicles including the potential for a reduced duty cycle through the use of regenerative braking. The design will be further optimised by the application of a novel production process applying a high-temperature, low-wear coating to ceramic brake discs which allows for smaller, and lighter discs to be used. The disc construction will also be designed to allow for re-use, where the coating can be reapplied at what would normally be the end of life saving 95% of the raw material and 90% of the energy used in initial production. The NVN’s annual R&D competition aims to accelerate the development of cleaner and more fuel efficient vehicles through more efficient propulsion systems, the use of alternative fuels, improved aerodynamics and reduced weight. Supported by Innovate UK, the Office for Low Emission Vehicles (OLEV) and the Department for Business Innovation and Skills, the Niche Vehicle Network is a free to join independent association of over 300 niche vehicle manufacturers, specialist technology and supply chain companies. For the past ten years, it has provided funding and support to enable these companies to develop new technology and build prototype vehicles which form the basis of new sports car and motorcycles and which demonstrate that the UK industry leads the way in the adoption of lightweight materials and advanced powertrain solutions. In addition to providing funding for R&D projects, the Network offers its members a forum for the sharing of knowledge through the hosting of a number of networking events throughout the year. These events bring its members together to share their knowledge and discuss the issues facing the niche vehicle supply chain. "

From Shareprophets re last night's presentation - hopefully there will indeed be "a lot of news" in the coming months: Http://www.shareprophets.advfn.com/views/8101/report-back-on-shareprophets-seminar-premaitha-fox-marble-aaa-and-myself-on-quindell "The doors opened for free drinks at 6 PM and the first talk was at 6.30 and was by Chris Gilbert of Fox Marble (FOX). Chris explained very clearly what Fox does in Kosovo – mining marble – claiming that there was minimal political risks and going through the maths of mining, polishing and cutting and selling the different types of marble. In a sense this is a bit of a play of global GDP growth but the critical point is that Fox has to produce the stuff, get its factory up and running asap to boost margins and deliver sales contracts. Chris explained his delays (God, i.e. the weather) and promised a lot of news over the coming months. I rate this stock as a buy on my Nifty Fifty website and am happy with that stance after what I saw and heard."

WH Ireland have again increased their target price, to 375p from 360p, citing "a 15-20% discount to the sector"..... "Renew Holdings (RNWH) – Buy – Positive FY2014E update Market Cap £185.5m Price 291.5p Target 375p (360p) In a short but positive update this morning, RNWH has published a confident update as it closes FY-14E. With all the divisions progressing well, the order book has been positive across the board. Moreover the initial (one month) experience of Forefront, acquired at the start of August, has been good. Bearing in mind (1) the strong performance in rail particularly earlier in the year, and (2) the two acquisitions, Clarke and Forefront, we anticipate a c.49 / 51 PBT split in terms of H1 / H2 numbers, or something approaching this. A 12x year to September 2015 PE puts the stock on a 15-20% discount to the sector – undeserved in our view. We take this opportunity of raising our target price marginally to 375p, reflecting strong trading and a 15x PE target. Buy."

Great Buy recommendation... Http://www.telegraph.co.uk/finance/markets/questor/11129170/Questor-share-tip-Renew-on-track-for-the-full-year.html "Questor share tip: Renew on track for the full-year The smallcap engineering support group has transformed its profits during the past three years, says Questor By John Ficenec, Questor editor 6:00AM BST 30 Sep 2014 Questor says BUY SHARES of engineering support group Renew Holdings [LON:RNWH] have increased almost 30pc since we said they looked cheap back in April and the company’s confident trading update yesterday means they remain attractive for the long-term investor. Renew has transformed itself over the past five years. The company has shifted from construction, which was low margin and high risk, to engineering services, which provides a higher profit margin and longer-term contracts. The company further expanded into the gas industry through the £14.8m acquisition of Forefront in early August. The deal looks sensibly financed with a £12m four-year loan from HSBC. Renew should be able to pay this off as it generates plenty of cash; operating cash continued to be strong in the first half of the year. This is a deal bearing many similarities to the purchase of Clarke Telecom in April and one that Renew carried out about four years ago when it transformed itself into a specialist engineering support group following the £15m acquisition of Amco. The deal brought national coverage and, perhaps more importantly, higher-margin engineering support work with clients such as Network Rail, British Energy and National Grid. Engineering services work is more stable as it comes through framework agreements whereby Renew guarantee to carry out small-ticket items, such as clearing sewage blockages or re-laying cables on crucial infrastructure projects - among them the nuclear decommissioning at Sellafield. These contracts have predictable run rates which give Renew good visibility. Renew said full-year results will be in line with market expectations for pre-tax profit up 40pc to £14.9m, on revenue up 25pc to £439m, giving earnings per share of 18.8p. With some big acquisitions completed during the past 12 months, both revenue and profits are forecast to accelerate again next year The consensus estimates for the next 12 months are for revenue to increase to £500m, giving pre-tax profits of £19.2m, and earnings per share of 24.3p. The shares trade on a P/E ratio of 15.5 times, falling to 12 times next year. They remain a buy."

I attended the AGM yesterday, and it was extremely positive. Four of us in a discussion afterwards all agreed that we felt it had gone well and that SCE would be successful over time, allowing for the usual caveats re funding, project timings etc. Most importantly, we were also confident that management would be up to the job. A comment was made at the AGM by one shareholder that if SCE were floating after this last news then they would command a £25m valuation - yet here we are still at a £7m m/cap with a proven and IP-protected product and existing revenue streams on the threshold of introduction into huge global markets. We were told once again that an auto "gamechanger" announcement is expected in months - which of course could be up to 12 months! - rather than years. I'm not normally one to gush, but the potential here for a multibagger from these levels - with time and patience - is imo as good as I've ever seen.

Do any of you in on a "punt", or selling for a 20% or whatever profit, realise what we have here? This is an opportunity you don't get very often. It's the chance to get in at the ground floor of an opportunity which could, just could, provide a huge multibagger over the next 2-3 years, with hardly any downside at all imho given the tiny m/cap, the existing revenue streams and the almost breakeven status of the company even before yesterday's game-changing news. It's right in front of you. You just need to see it! Assuming management don't muck it up and don't dilute overmuch, which I don't think they will as they're a pretty sober bunch, then there's everything to look forward to.

Here are my notes from the new interview (largely for my own future reference) - pretty encouraging stuff: (1) New auto contracts: - "watch this space" - coming within "months, not years" - working with (a) two UK luxury car companies and (b) two German car companies (2) Yesterday's aerospace contract: - SCE have displaced an "entrenched supplier" with "superior technology" since "our braking is more predictable and consistent" - DB used the phrase "go into profitability" when talking about the effect of the contract - this is "part one" of a continuing story with "£7m of potential contracts from this one customer alone - SCE now have a reference contract for others (3) Targets - SCE's major competitor has £60m turnover. SCE want to achieve similar levels of sales

I really, really recommend everyone to listen to this new 8 minute interview with the Chairman. There are some extremely interesting nuggets of information.... Https://www.youtube.com/watch?v=IPM3H-zRif4

SCE should be on a m/cap substantially larger than the current £4.2m m/cap given the nature of today's news. Other companies would probably float on a £25m m/cap on the back of a contract like this! Just look at HDD, trading on a £25m m/cap on turnover almost exactly the same as SCE's. That alone would be a five-bagger from here. Note too that there is more to come.... "Additionally, the Company continues to work with the Customer on a separate programme to develop a generic carbon ceramic brake system for application both in civil and military aviation. Progress of this programme will be announced in due course." And furthermore: "Separately, the Company continues to make progress with automotive customers on other "game changer" contracts and expects further announcements will be made in due course."

The view from Beaufort Securities: http ://www.proactiveinvestors.co.uk/columns/beaufort-securities/16997/beaufort-securities-breakfast-today-including-chariot-oil-and-gas-fox-marble-mopowered-group-and-red-leopard-holdings-16997.html "Our view: Recent developments at Fox Marble’s quarries give us confidence in the Group’s ability to generate a rising stream of revenue for the remainder of this year, before ramping up sharply in 2015. Strategic alliances with marble distributors in the UK, US, China and Europe have enabled it to gain footholds in numerous key international markets. Management has also exhibited aptitude by timing the preparation of its market sales and distribution system in tandem with capacity to facilitate consistent, high volume supply. Importantly, the recent acquisition of the new Sivec quarries has also added majority operational control of a premium marble site to complete its portfolio. With four quarries now in production, customers’ confidence in Fox’s ability to supply reliably and in sufficient volume will underpin confidence from buyers that previously were reluctant to commit. Importantly, the Group is now busy extending its marketing sales and distribution arrangements around the world – this is expected to further boost activity in the coming months. Indeed, given the buoyant underlying demand for such high grade product and the limited excavation/processing risk associated with its production, 2015 still looks set to become a transformational year for Fox Marble. As production ramps up, Group operations will become exceptionally cash generative, to the extent that it is even possibly to consider it declaring a maiden dividend for the period. Having adopted various cautionary assumptions into a DCF model, Beaufort’s NPV calculation for Fox Marble values it €143m whilst retaining gearing to the upside. Beaufort rates Fox Marble as a Speculative Buy with a one year price target of 31p/share."

And not just the one Japanese bank client win, but "a consistent flow of financial institutions (2 in the last week)" and "an influx of new business".... http://www.bobsguide.com/guide/news/2014/Sep/23/large-japanese-bank-switches-from-rframe-to-lombard-risk-reporter-for-regulatory-reporting-and-compliance.html "Large Japanese bank switches from rFrame to Lombard Risk REPORTER for regulatory reporting and compliance. Lombard Risk Management plc (LSE:LRM), a leading provider of integrated regulatory reporting and compliance, and collateral management solutions for the financial services industry, announces large Japanese bank switches from rFrame to REPORTER for Bank of England regulatory reporting. “Following a series of tactical mergers and acquisitions by software companies to acquire market share, we have seen an influx of new business as clients that are faced with changing to the acquirer’s software platform take the opportunity to re-evaluate the market.” Says John Wisbey, Chief Executive Officer, Lombard Risk. “When faced with switching reporting systems, it’s an opportunity for firms to see what’s new on the market, and we have seen a consistent flow of financial institutions (2 in the last week) electing to move to our REPORTER.” Rob Markham, Head of Regulatory Sales, EMEA, explains: “We are delighted to welcome this prestigious Japanese bank and others to our growing client community, and thank them for selecting REPORTER. Lombard Risk clients benefit from our unparalleled 25 years’ experience in the risk and regulatory compliance field, and a particularly flexible product deployment approach that enables our solution to fit around clients’ existing infrastructures, rather than enforcing a prescriptive system that will, over time, complicate the reporting processes.” REPORTER is an end-to-end regulatory reporting solution for the global financial services sector which is used by over 250 firms globally, 100+ for Bank of England reporting and more for EBA Common Reporting here in the UK"

Encouraging snippet from Merlin's trading statement: "Exploiting strategic synergies Next-generation ticketing trials continue to progress well at Thorpe Park and SEA LIFE Birmingham, with the intention of improving the customer purchase journey and supporting ongoing cross-sell and up-sell opportunities." And LEGOLAND has continued to grow even against what must have been amazing comparatives last year given the Lego Movie: "LEGOLAND Parks have continued to deliver good revenue growth. However, as expected, the summer period has seen a tapering of the growth rate as the impact of 'The LEGO Movie', and the associated marketing and promotion opportunities, moderate. Each park has delivered growth despite challenging comparatives, with the two US parks posting the strongest year-on-year performances."

Scotland votes NO...so for FSJ it's all systems go :o))

Quite right, the forecast for this year is 1.6p EPS (I was looking at historics). Remembering the LRM/Broadridge collaboration re collateral management: Http://www.broadridge.com/news-events/press-releases/Broadridge-and-Lombard-Risk-form-Strategic-Alliance-in-the-Collateral-Management-Sector.html?show=2014+Press+Release This news last night from Broadridge in the USA sounds encouraging: Http://finance.yahoo.com/news/broadridge-helps-global-banks-accelerate-120000080.html "Fri, Sep 19, 2014, 2:20AM EDT Broadridge Helps Global Banks Accelerate Operational Transformation In Response to Changing Market Structure, Banks Take Steps to Mutualize Costs across their Capital Markets Businesses LAKE SUCCESS, N.Y., Sept. 18, 2014 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (BR), the leading global provider of technology-driven solutions to the financial services industry, reports that in the six years since the global financial crisis, its post-trade managed service client base in North America has more than doubled. This growth represents 15 new clients and is the fourth year of double-digit growth for Broadridge Business Process Outsourcing. After years of cost cutting throughout the financial services industry, recent and ongoing demands for increased capital and collateral are putting renewed pressure on firms to optimize, transform and reevaluate their business models. Broadridge is uniquely positioned to help firms adapt to market structure changes by mutualizing costs and capabilities while sustaining premium service in operations and technology. As a result, more than 30 firms in total, including Bloomberg Tradebook and Societe Generale, have contracted with Broadridge to manage all or part of their post-trade operations. "We recognized many years ago that this would become a serious pressure point for financial services firms, and today we're leveraging our state-of-the-art technology combined with our unique industry insights and expertise to optimize, transform and enhance the speed to market for our clients. This is an increasingly important offering as firms struggle to comply with enormous regulatory challenges while also freeing up investment dollars to accelerate revenue growth," said Mike Alexander, President, Broadridge Business Process Outsourcing. "Given Broadridge's scope, scale and growing global banking clientele, we have become the de facto industry standard in managed services for post-trade processing." etc

RNS re DBAY Advisers shows them buying up all the recently sold FIL shares and quickly moving above 11% with 6.84m shares! Http://www.investegate.co.uk/creston-plc--cre-/rns/holding-s--in-company/201409181702050761S/ What are their intentions - will they move to 20% or more?

Cenkos have today increased their EPS forecasts again, as well as their dividend forecast. They now go for 4p EPS this year and 5.4p EPS next year. The divi is now 1.8p this year and 2.2p next year. Thanks to Willow67 on i.i.i - the full note is on this link, but I'll copy the conclusion: Http ://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3AXLM.L&it=le&action=detail&id=11366737 "Valuation and forecasts Forecasts Our pre-SBP forecast of EBITDA of $15.7m in FY14 means that the Group needs to generate $9.3m in H2 vs $6.4m in H1 - an incremental $2.9m. However, we expect recent acquisitions to make a significant contribution (approximately half) and for the balance to be made up by growth in the core business and the ongoing improvement in the run rate of margins. Following the acquisition of EDM we upgraded our EPS in FY14 from 3.5p to 3.8p and by 18% in FY15 to 4.7p. However, given the announcement of the purchase of an increased stake in the Finnish JV earlier this week, we upgrade EPS again by 3% in FY14 to 4.0p and 12% in FY15 to 5.4p. As a consequence of the sequence of acquisitions recently announced we are also raising our DPS for FY14 by 9% to 1.8p and by 6% in FY15 to 2.2p, reflecting the commensurate EPS enhancements and the 50% pay-out ratio target. In cash terms this means we expect the interim payment of $3m in FY14 to be matched by the same total for H2 and that in FY15, the company will pay out dividends to the value of $7m. XLM valuation The European gaming sector trades in a range of EV/EBITDA multiples for FY14 of 6-19x as highlighted in table 1 below and XLMedia is trading well below the mid-point, despite the recent strong rally in the share price. The inherently cash generative nature of the business model is also capable of sustaining a high dividend pay-out ratio for shareholders. Although we have upgraded our DPS forecasts, we still see the opportunity for further upside given the company’s intention to have a pay-out ratio of at least 50% and the prospects for future EPS upgrades through organic and acquisitive growth. In summary, fundamental growth prospects and an attractive valuation are capable of sustaining share price outperformance over both the near and long term. In addition, it should also be noted that our forecasts take no account of the opportunity in the US as more individual States legalise and regulate online gaming."

You can only buy a maximum 2,500 at 60.99, but you can sell at least 25,000 at 60.01p.

This was posted on a forum last week by the company RacingBrakes, which is a division of TPM Products, Inc, who develop and producing precision parts and components for the automotive and marine industries for major distributors in North America: Http://rennlist.com/forums/991-gt3/833004-carbon-ceramic-brakes-for-991-gt3.html "Additionally RacingBrake has established an relationship with Surface Transform and will be bringing in their rotors too for those looking for the ultimate braking solution! This is something that I'm personally extremely excited about being able to work with them to develop as to date I have seen a lot of talk about these rotors from other manufacturers (Stillen, AP, MovIT etc) but I have never been able to find any solid information or feedback from people using them for hard core performance and track use! That is the area that RacingBrake is focused on and with all of the stuff that they have in the pipeline and are testing I'm confident that they are soon going to be setting the bar in CCM and CSiC brake offerings!"

Good to see another nicely earnings-enhancing announcement this morning. That's almost another $2m of operating income added at a stroke, based on $9.2m annual operating income times 21%: http://www.investegate.co.uk/xlmedia-plc--xlm-/rns/acquisition-of-additional-interest-in-jv/201409150700136098R/