Member Info for rivaldo

Excellent results today, with 2.49p EPS in the seasonally weaker H1 alone, up 174% on last year, plus 50% recurring revenues and £6m net cash: Http://www.investegate.co.uk/brady-plc--bry-/rns/interim-results/201409090700081298R/ A number of bullish comments re H2, including this in particular, indicating news flow to look forward to: "For the second half, the Group still has a significant revenue backlog of contracts that have been signed but the revenue not yet recognised, which, when added to the new sales in the first half, underpins the remainder of 2014 and beyond. The Group's tendency to secure the majority of new contracts in the second half appears to be trending again in 2014, with significant new licence opportunities in advanced discussions. We look forward to signing and announcing further business in the second half of the year."

Still superb results, just not quite as superb as I first thought. The EPS number is flattered by a one-off tax allowance, so tax is positive, not negative (which is what was indicated by the brackets around the tax number in the RNS). Nevertheless, SOM should still smash forecasts, has a large $7.4m cash pile and global growth prospects. And they say even only halfway through the year that they'll beat forecasts - it's just a question by how much.

Wow :o)) Absolutely incredible H1 results. Adjusted EPS was 9.7p for H1 alone! Naturally they say they'll beat expectations for the year - they'll absolutely smash them. Plus $7.4m cash in the bank. Expanding like billy-o and going global with it. Where will the share price go after this? It should be aiming for 200p at the least...

Positive analyst comment: Http://www.yorkshirepost.co.uk/business/business-news/belgravium-on-track-to-reshape-group-as-profits-and-sales-soar-1-6821439 Extract: "Analyst Eric Burns, at WH Ireland, said​: “Good progress has been made in Belgravium’s strategic repositioning towards becoming a total solution provider and, given the usual second half weighting, these first half numbers are supportive of our full year forecasts. “The shares remain cheap,”​​​ he added. The ​g​roup designs, installs and maintains software applications and solutions for the airline, rail, retail and logistics industries."

The recent buybacks seem to have cleared out any sellers, with the price steadily moving up on any buying. Given 12.23p EPS forecast for the year ending in only 6 months' time the share price is still very cheap imo on a P/E of only 9.1. With around a 4% dividend yield too.

The trading update stated "September", so any time soon. Net of say £34m cash, XLM now has an EV of £87m. This plays a forecast PBT of £8.76m this year and £11.39m next year. Draw your own conclusions.

Http://www.insidermedia.com/insider/yorkshire/122229-/ "29 Aug 2014 Yorkshire firms win Network Rail contracts Two Yorkshire-headquartered engineering businesses have won contracts from Network Rail for work on the rail operator's Scotland and London North Eastern routes. In total, seven successful suppliers will manage more than 1,000 maintenance, renewals and enhancements projects, improving earthworks, bridges, tunnels, footbridges and station buildings. The work is part of a £38bn Network Rail programme. Amalgamated Construction (AMCO), a Barnsley-based engineering business which is owned by Renew Holdings, has won work on the structures, bridge reconstruction and structure repairs frameworks for the London North Eastern & East Midlands route and the structures framework for Scotland. Chapel-headquartered CML Civil Engineering, meanwhile, has secured framework work for station footbridges and earthworks on the London North Eastern & East Midlands route. The frameworks will run for an initial three years. Rob McIntosh, regional director of infrastructure projects, Network Rail, said: "As the number of passengers and companies that rely on Britain’s railway continues to rise, it’s vital that all parts of our infrastructure are fit for purpose. "These new frameworks represent a significant commitment by suppliers, allowing us to work closely with them so that work can be carried out more quickly and efficiently.""

Investec say Buy and have raised their price target to 1500p from 1450p: Http://www.i3investor.co.uk/servlets/fdnews/24220.jsp And Sanlam have retained their Buy and 1600p target: Http://www.wkrb13.com/markets/363196/james-fisher-sons-plc-earns-buy-rating-from-sanlam-securities-fsj/

Worth noting the major story this week about the closure and works needed at Heysham and Hartlepool nuclear power stations? Http://www.bbc.co.uk/news/business-29058644 It just so happens that FSJ's Strainstall - and FSJ Nuclear - carry out a lot of work at these two sites: Http://www.james-fisher.com/files/6913/6982/6900/Nuclear-Industry-Brochure.pdf This could be quite a large extra boost for FSJ this year if all goes well (OT : I also own ALK, which could well benefit from the need for emergency electricity/gas supplies).

PG has notified that he's now up to 18.6% of TRAP, having bought almost 6m shares since his last notification on 2nd July: Http://www.investegate.co.uk/CompData.aspx?code=TRAP&tab=news

Edison have increased their valuation of OMI to 27p from 22p in a new note: Http://www.edisoninvestmentresearch.com/research/report/orosur-mining1 Extracts: "Orosur’s FY14 results showed a considerable strengthening of its cash position and beat its targets for production and costs. Its effective exploration spend has also meant continued growth of San Gregorio’s resource base, extending its mine life, and its tight cost control allows for both continued exploration in Uruguay and investment in its newly acquired Colombian assets. In a depressed gold price environment Orosur managed to increase its net cash position by c US$9m during FY14 (roughly half its current market cap of US$22m)." "Valuation: FY15 cash increasing via Arenal ramp-up Our base case valuation is based on management’s guidance of a complete depletion of its current reserve base by 2018 at a 50kozpa gold production level and a further 15koz being converted to reserves from resources (note this would require conversion of only 2.7% of its current measured resource base). Our base case, adjusted for FY14 results and our revised gold prices (see page 2), is now £0.27 (vs £0.22 previously) using a 10% discount rate to reflect general equity risk. As Orosur ramps up the high-grade, short-term underground production asset Arenal Deeps throughout FY15, we forecast the company will significantly strengthen its cash position, finishing the year with net cash of US$9.5m. This forecast uses our FY15 house gold price of US$1,322/oz. Reducing this to US$1,300/oz results in similar figures of £0.23, and net cash of US$8.9m. We highlight the importance of the Arenal Deeps project producing as planned during FY15, both to our valuation and our FY15 cash forecasts."

Good results announced today. EBITDA of £422k in H1 alone, well up from £172k last year. And confidence that the H2 weighting will be achieved, The bullish tone suggests it will be given BVM's usual caution. Net cash is £1.4m too, against the £5.9m m/cap. However, the most striking part is the "Operations" paragraph narrative. This is really exciting for a such a small cap company and shows the progress BVM has made and the large opportunities it's looking at in a number of sectors. This is really well worth reading closely imho.

....on Meygen, the largest permitted tidal energy project in the world - a financing package has been agreed (MPG1, sorry for the delayed reply - agreed re £18 at some point, just a question of when imho): Http://www.investegate.co.uk/atlantis-resources--arl-/rns/meygen-project-financing-package-agreed/201408211751107864P/ Remember that James Fisher are appointed to carry out the offshore construction works, including installation of the subsea cables, foundations and turbines - well, "Construction is expected to commence in Q4 2014" per tonight's RNS.

Broker targets range from 119p-125p, which are extremely miserly imo given: - consensus 12.55p EPS this year and 13.15p EPS next year - 4.1p and 4.35p dividends respectively - plus a substantial cash pile (say 10% of the m/cap) I'd be more inclined to target 170p for a forward P/E which would still be only 12.9 (and that's before stripping out the cash), assuming this year progresses as hoped.

Good to see IDH's announcement today of Chinese FDA clearance for the IDS-iSYS instrument: Http://www.investegate.co.uk/immunodiagnostic-sys--idh-/rns/chinese-fda-clearance-for-the-ids-isys-instrument/201408210700066747P/

The Buy recommendations are flooding in - here's another one, which forgets to mention that Numis' target price is that rather nice 160p.... Http://www.shareprophets.advfn.com/views/7306/harvey-nash-group-half-year-trading-update-buy "Harvey Nash Group – half-year trading update - Buy! By Steve Moore | Wednesday 20 August 2014 At a current 103.5p, shares in international executive recruitment and professional services group Harvey Nash (HVN) remain well ahead of the 70p I noted they looked to be decent value at last year but down on the 116.25p of my previous update. The following reviews with the company having today updated on its performance for its half year ended 31st July 2014. With Asia having “performed well”, the UK, Ireland and USA “robust” and “strong” contracting activity in mainland Europe offsetting subdued demand for permanent recruitment, particularly in Germany, the company expects interim results to be in line with expectations, despite currency headwinds. More specifically, gross profit is expected to be increased by 1% (6% on a constant currency basis) to circa £43.6m, with adjusted pre-tax profit up by circa 5% (circa 12% in constant currency) to around £4.2 million. Broker to the company, Numis, has maintained forecasts – expecting a pre-tax profit for the full-year of £9.8 million, up from a prior year £9 million, generating earnings per share of 9.4p. With 10.4p pencilled in for next year, it notes “the shares are trading on a calendar 2015E PE of 10x, and have underperformed by 13% over the past three months as part of the wider cyclical small/ mid-cap sell-off… Overall, we believe the underlying recruitment recovery continues, and we would view the recent pull-back in the share price as a buying opportunity”. With the last balance sheet solid (with net cash) and an attractive, progressive dividend (circa 3.4% yield currently), I too remain positive here ahead of a 30th September expected interim results statement. Buy."

Numis retain their Buy and 160p target for HVN: Http://sleekmoney.com/harvey-nash-group-plc-receives-buy-rating-from-numis-securities-ltd-hvn/2828/

Now you can only buy 25k maximum at the full 6p, whilst you can sell 110k at a premium at 5.65p.

Tipped as a Buy in today's Times - should bring in some interest: Http://www.thetimes.co.uk/tto/business/columnists/tempus/article4182265.ece "Harvey Nash Revenue £356m Increase 8% Recruitment companies have a unique perspective on the strength of the global economy. Harvey Nash, which recruits professionals, especially in the IT sector, said that it was on track to hit first-half forecasts, despite unfavourable foreign currency movements. Revenue for the first half is expected to increase by 8 per cent to about £356 million, up 8 per cent on last year. Gross profits are expected to rise by 1 per cent (6 per cent excluding the impact of currency movements) to £43.6 million. Harvey Nash has the strength of the economic recovery in the UK, which accounts for 35 per cent of its revenues, to thank. London is the standout performer, with Scotland doing well despite the uncertainty caused by next month’s independence referendum. Recruitment for digital, technology and senior executives was strongest. Benelux, Sweden and the United States also did well. Elsewhere in Europe, the picture is weaker, as employers prefer to hire staff on a short-term basis. This means lower fees for recruiters, but Harvey Nash thinks that the market will pick up in the third quarter. My advice Buy Why Harvey Nash earns more revenues from Britain than bigger rivals"

Looks like those trades yesterday cleared the overhang. Hopefully back to 75p-80p now.