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Worth noting today's second RNS - Octopus Investments have substantially increased their holding to 4.42% (from 3.1%). They now own 30.054m shares:

Https://uk.advfn.com/stock-market/london/hvivo-HVO/share-news/hVIVO-PLC-Holdings-in-Company/94205068

Looking good here - breaking upwards chart-wise and new 30-month highs now from the look of it.

Good to see a little tick up and the steady long-term upward trend continuing.

Excellent update - 57% of forecast revenues already achieved in H1, and EBITDA margins at 24% are rising fast and well ahead of expectations of 22.3%.

100% of the 2024 revenue forecast is already contracted - so room for a potential substantial beating of expectations with any further revenues at all.

Cavendish have raised their price target to 42p (from 40p).

They've also raised their forecasts once again, by 4% this year and 2% next year. Their cash pile forecast is also increased to £45.6m - 25% of the m/cap.

The increased forecast is now 1.4p EPS this year rising to 1.6p EPS next year. If you strip out the cash pile HVO are trading on a P/E of only 14.6, falling to just 12.8 next year.

Too low - time for a re-rating.

Good news from all perspectives to see OFWAT opening enforcement cases this morning against four more water companies - they now have cases against all 11 wastewater operating companies.

Particularly good news for RNWH of course:

Hhttps://www.londonstockexchange.com/news-article/market-news/ofwat-opens-enforcement-cases-against-4-companies/16569648

"Ofwat is committed to concluding these cases as quickly as possible, so that the sector can focus on delivering the £88bn expenditure PR24 will unlock to deliver cleaner rivers and seas. As part of this package of investment £10bn is ear marked to tackle storm overflows with a target to reduce spills from storm overflows by 44%.

Severn Trent has recently announced an ambitious programme to significantly reduce use of storm overflow which Ofwat welcomes."

Yes, great to see the £1.76m coming in - I agree that CSSG now have likely £3.25m-£3.5m in the bank against the £9.9m m/cap - and with an extremely profitable core business and further acquisitions presumably in the pipeline.

Extremely undervalued imho. Time for a re-rating.

Tipped on Master Investor:

Https://masterinvestor.co.uk/equities/small-cap-catch-up-three-growth-stories/?mc_cid=5d3a8a48ea&mc_eid=db9f9bbaf2

"Time Finance (LON:TIME) – Ideal ‘Money Machine’ Takeover Target?

Wow – just take a look at the share price graph over the last few weeks – does it have ‘takeover prey’ written against its profile?

Or is it a reaction to the end June Trading Update by the independent specialist finance provider?

For the year to end May it reported that it had delivered significant increases across its key performance indicators, with revenue and profitability ahead of market expectations.

When it reports its Final Results in September it is expecting to show a 20% increase in revenues to £33.0m (£27.6m), while going for a 38% increase in pre-tax profits of £5.8m (£4.2m), against an uplift of 18% in its gross lending book to £200m (£170m).

The company stated that the increase in revenue was primarily driven by the growth in both the Invoice Finance division and the ‘Hard Asset’ subset of the wider Asset division, both areas of which operate in the larger-ticket, more secured lending space, and they now comprise over 75% of the group’s entire lending book.

CEO Ed Rimmer stated that:

“I am delighted to provide this trading update in respect of Time’s full-year results which clearly demonstrate the ongoing success of the Group’s strategy.

To have delivered such growth, despite wider macroeconomic headwinds, is testament to the hard work of our team, to the clear focus on our strategy and the strong demand for finance from UK businesses which continue to prove remarkably robust.

What is especially pleasing is that the performance is based on maintaining appropriate margins, underwriting robustly and in keeping a wide spread of risk.

As a result, I am confident the Group is well positioned for future growth and in delivering further increased shareholder value.”

Analyst Andrew Renton at Cavendish Capital Markets has estimates for the current year to end May 2025 looking for revenues of £34.5m, adjusted pre-tax profits of £7.2m and 5.8p in earnings per share.

He has a Price Objective of 71p on the shares, which are currently 51.50p.

Despite the recent rise, the shares continue to be totally undervalued at this price, in my view."

Good to see Harwood continuing to buy whilst I was on hols - they're now up to 10.16%, or 2.19m shares:

Https://uk.advfn.com/stock-market/london/react-REAT/share-news/React-Group-PLC-Holdings-in-Company/94159256

Harwood Capital/Christopher Harwood are convinced - they've been buying and have increased to 9.86% (from 8.12%), now owning 2.125m shares:

Https://uk.advfn.com/stock-market/london/react-REAT/share-news/React-Group-PLC-Holdings-in-Company/94152916

Jeff256 has posted some notes from the AGM elsewhere - hope he doesn't mind me pasting them here...it all sounds promisingly efficient and sensible as ever:

Https://discord.com/channels/664075934760173581/993902413893337118

"Summary of my AGM Notes:

Commodity costs stable which is helpful for margins

Investing in capacity and efficiency improvements.

Increasing size of mezzanine floor.

Have invested in packaging to remove bottlenecks & increase line speed.

Priorities are maintaining and building long term customer relationships, with quality critical & new products important

Has been consolidation among competitors in recent years. Not all have strong balance sheets, so that can be an advantage with customers.

For acquisitions, looking at all types of business, not just food. Like people businesses.

As usual, they seem to be honest, capable & very risk averse."

To summarise, at the AGM the Board said they were "comfortable with market expectations".

The current recently increased forecasts are for:

- 10.0p EPS this year, rising to 11.5p EPS next year

- £3.1m net cash, rising to £3.5m net cash

- recurring revenues above 40%

£3.1m represents almost 40% of the £7.9m m/cap.

That's a current year P/E of only 9.65 at 96.5p - if you strip out the cash pile that's an ex-cash P/E of 5.9.

News not posted here before:

Https://www.carclo.co.uk/news/carclo-unveils-expanded-medical-manufacturing-facility-and-design-engineering-excellence

"Carclo Unveils Expanded Medical Manufacturing Facility and Design & Engineering Excellence Center in Greensburg, PA

22nd May 2024

Carclo Greensburg, PA, USA

Carclo unveiled a newly expanded medical manufacturing location in Greensburg, PA designed to support state-of-the-art automated assembly. This space affords the opportunity to create maximum operational efficiency in supporting automated assembly manufacturing with a dedicated highly skilled team of engineers, technicians, and quality personnel.

In addition to the increased manufacturing assembly space, the site also hosts Carclo’s newly developed Design & Engineering Excellence Center. The new D&E center will provide Carclo and its customers with a space custom tailored to sampling & product development, expedited validation, and more efficient and effective operational training.

We are very proud and profoundly appreciative of the team’s efforts in operationalizing these areas and look forward to continued successes in improved services for our valued customers!"

Comment from Stockopedia today from a reliable poster sounds good for BMS:

"planetx 9:14am

Freight rates

Spoke to my forwarder

Sounds bad .In Chennai India. only 1 ship left last month and huge huge backlogs .(one of the major ports out of India )

Rinse and repeat looks like the situation is here to stay and as people panic more prices will get raised by the naughty ship owners who will fill their boots again just like the covid free for all ."

WH Ireland have a 2.5p valuation, with 0.15p EPS forecast to this September rising to 0.2p EPS plus a significant cash pile, and conclude this morning:

"WHI View:

We see this as a highly significant order, being further validation of Image Scan’s developed technology against international competition. UK validation of its ThreatScan technology may also further enhance its international

profile through its established distributors, yielding further substantive opportunities.

Assuming a broadly linear delivery / revenue profile, c£1m of the £3m value would land in the next financial year (to September 2025), representing just under one-third of our £3.5m revenue expectation (PBTA £0.26m, EPS 0.20p), i.e.

a significant underpinning for this and future years. Our FY2024 expectations are

unchanged (rev: £3.2m, PBTA: £0.2m, EPS: 0.15p).

With a strong cash backed balance sheet behind it, allowing for continued product innovation and marketing, prospects for FY2024E and beyond continue, in our view, to be encouraging. Management also remain on the front foot with

respect to leveraging strategic opportunities to scale the business, crucially with support of its major shareholder. Our fair value estimate remains at 2.5p (equivalent to 16.5x Yr1 EPS)."

Certainly short/medium-term I'd expect TIG's Online Marketing division to be doing rather well from this last Q2 onwards given:

- Olympics

- Euros (footie)

- US elections

- UK election

I've bought in here this morning for the first time ever having watched it for many years. Managed to get some decent chunks at 1.6p when there must have been a seller around.

IGE is well funded, winning impressive orders, highly regarded in growing and important markets and is expected to be profitable this year. Pretty good for such a tiny £1.9m m/cap company.

Looks like large project work coming next year for Shepley Engineers as regards a big redevelopment of and around seven gasholders in London:

Https://www.housingtoday.co.uk/news/green-light-for-plans-to-turn-victorian-gasworks-into-2100-home-neighbourhood/5130218.article

"Craddys and Shepley Engineers Limited, which worked on restoration projects at Big Ben and St Pancras, as well as the Kings Cross gasholders, has been advising the developers."

A series of buys at 20.4p or thereabouts this morning, and it looks like sells have been achieving 19.5p or above.

TIME are featured on the latest Investors Champion podcast, described as just "so cheap", "fantastic value" and a "Bonkers Bargain" - listen from just over 30 mins in:

Https://investorschampion.com/channel/podcasts/episode-24-of-the-investors-champion-podcast

Always good to see the CFO buying shares in their own company, and particularly when they are adding to an already substantial holding:

https://uk.advfn.com/stock-market/london/time-finance-TIME/share-news/Time-Finance-PLC-Director-Share-Purchase/94140499

"Time Finance plc, the AIM listed independent specialist finance provider, announces that it was notified on 2 July 2024 James Roberts, Chief Financial Officer of the Company, purchased 22,482 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") on that same day at a price of 43.3 pence per share.

Following this transaction, James Roberts has a total beneficial interest in 637,488 Ordinary Shares, representing 0.69% of the Company's issued ordinary share capital."