Member Info for rivaldo

Hi SingaporeSteven, per the link below the FTSE index changes are announced tonight (after the close), so we'll find out then. Again per the link, BMS are still due to be promoted tonight to the Small Cap Index:

Http://www.stockchallenge.co.uk/ftse.php

TIG's record and prospects speak for themselves:

2022 - 20.0c EPS (actual)

2023 - 23.2c EPS (actual)

2024 - 28.5c EPS

2025 - 31.5c EPS

2026 - 36.9c EPS

On a current year P/E of 8.7, a PEG of only around 0.4 - and importantly on a large discount to sector comparators - TIG is still extremely cheap imo even after the recent rise, and remains a tantalising prospect for an incoming bid.

From today's Times - Maersk "raises its profit guidance for second time in four weeks amid rise in freight costs":

Https://www.thetimes.com/business-money/economics/article/shipping-giant-maersk-is-full-steam-ahead-w9sf5grwt

"The Danish shipping giant AP Moller-Maersk lifted its profit guidance for the second time in the past four weeks on Monday on the back of rising freight prices amid disruption to the global network.

Maersk said that a surge in demand for goods caused by businesses replenishing inventories before the busy Christmas trading period had added to existing pressure on global supply chains.

This dynamic has pushed up freight rates sharply in recent weeks, boosting the finances of the world’s foremost shipping companies."

"A concoction of factors have served to jolt international supply chains over the past year, reigniting a sharp increase in freight rates after they surged during the peak of the Covid-19 pandemic."

"Attacks on ships passing through the Red Sea by Houthi rebels in response to Israel’s offensive in Gaza have forced vessels to reroute around the southern tip of Africa, elongating transit times.

Strong demand for tradeable goods from businesses seeking to fill stocks ahead of the busy festive period has collided with already strained supply chains. Businesses typically source their Christmas stock months in advance."

"According to Drewry, the supply chain advisers, the average cost of a container has climbed to $4,226, above the peak reached in the immediate aftermath of the Houthi attacks in the Red Sea.

Analysts at Jefferies, the broker, said: “Container freight rates have surged across the majority of global routes recently due to capacity constraints, healthy underlying demand and a head start to peak season.”

Deutsche Bank analysts said that Maersk had only highlighted all “the trends that we already know such as strong demand, Red Sea disruption and port congestion”."

Hardman have just initiated coverage of ACSO in a 39 page report.

They don't give a target price as such, but have a 934p valuation from regression analysis given that ACSO:

"trades at a significant discount to its AIM enterprise software peers, in spite of the company’s attractive growth profile along with improving cash generation and rising operating margins":

Https://www.investegate.co.uk/announcement/eqs/accesso-technology-group--acso/initiation-of-coverage-on-accesso-technology-/8239641

"Investment summary:

accesso is a unique investment proposition in an ever-declining UK software universe, as peers have been snapped up by industry buyers and private equity. The stock rebased following the 2018 sell-off and pandemic and now trades at substantially more value-oriented levels, supported by improved cash generation. accesso sizes its total addressable market at $2.3bn, giving it a ca.5.9% market share and with plenty of scope for growth"

Zeus Capital feature TIG in their Monthly UK smallcap technology update this morning:

"More to go: Of the top five performers, we highlight Team Internet as a stock that remains attractively valued compared to several peer groups.

Based on FactSet data, Team Internet has the lowest 2024 PE multiple (9.2x) amongst UK digital marketing peers (median: 14.4x), global Online Presence peers (27.0x), global Online Marketing peers (17.1x) and the 78 companies in Zeus’ UK Technology universe (median: 23.0x).

The company also has the lowest EV/EBIT multiple (6.6x) and second highest FCF yield (11.4%) in Zeus’ UK Technology universe, after Nexteq, discussed below.

Despite Team Internet’s low multiples, it is forecast to grow EPS by 23% in 2024, leaving it with a highly attractive PEG ratio of 0.40. We see Team Internet’s EPS growth well supported by new products, vertical integration initiatives, international expansion, acquisitions and share buybacks."

A reassuring update - good enough at this stage to be confident about trading in line, whilst the business "continues to perform well". Upgrades can come later in the year as confidence grows.

Also pleased to see major shareholders taking an active role in getting the resolution for the proposed disapplication of pre-emption rights withdrawn:

Https://uk.advfn.com/stock-market/london/venture-life-VLG/share-news/Venture-Life-Group-PLC-AGM-Statement/93976247

"The business continues to perform well and our increased focus on promoting the VLG owned brands is delivering pleasing results, with an additional 35 new listings secured within UK retail since the beginning of the year. We remain confident about the outlook for the year ahead and our ability to deliver full year performance in line with management's expectations. Further commentary over first half trading will be provided as part of our usual business update in July."

With:

- at least a £3m+ cash pile against an £8m m/cap

- forecast 10p EPS this year rising to 11.5p EPS next year

- plus a 2.75p dividend

TST looks very, very good value at 97.5p following today's statement.

Terrific news:

Https://uk.advfn.com/stock-market/london/touchstar-TST/share-news/Touchstar-PLC-RESULT-OF-AGM/93971571

"In conjunction with today's Annual General Meeting of shareholders, Touchstar announces an update on trading for the five-month period ended 31st May 2024 (YTD).

· Trading remained buoyant with YTD trading ahead of budget.

· Order Intake YTD is running 15% above the prior year.

· Margins remain healthy.

· As previously indicated the Company expects financial results for the full year 2024 to be second half weighted.

· Board remains comfortable with market expectations for the 12 months ending 31st December 2024"

over the weekend (subscriber-only):

https://*************.com/views/74770/react-group-interims-a-pipeline-remains-strong-buy-for-33-upside

"react group – interims, a pipeline remains strong buy for 33%+ upside

by hotstockrockets | saturday 1 june 2024

specialist cleaning and ‘soft facilities management services’ group react (reat) has announced its results for its half-year ended 31st march 2024 including that “the pipeline for the remainder of the year remains strong” and that it is confident that its strategic investments and diversified contract wins position it well for sustained success....."

Cavendish this morning retain their 40p target price, and summarise (extracts) FYI:

"HVO have announced a new contract win to undertake an Omicron characterisation study with a mid-sized pharmaceutical company, worth £2.5m and expected to start in Q4 2024, but with the majority of the revenue recognised in FY2025E. The study will be run out of the new Canary Wharf (CW) facility. Although relatively small in the context of HVO’s total revenue base, it gives a little more clarity on FY2025E revenues, which the company has already characterised as having “good visibility” prior to this announcement. Moreover, we see this as evidence that global concerns over C19 have not gone away, with pharmaceutical companies still working on novel vaccines and anti-viral agents for Omicron and other respiratory pathogens."

"As per the FY2023A results release, HVO already has 90% of its £62m FY2024E revenue guidance contracted, with good visibility in to 2025, which this contract will enhance. - It is notable that a number of global vaccine manufacturers, including GSK, Pfizer, Moderna, BioNTech and CureVac, have seen significant share price appreciation recently, likely related to mounting concerns over the emergence of human cases of bird flu (H5N1) in the US. - HVO is strongly positioned for future growth.

HVO operates in the structurally attractive, fastgrowing HCT industry. It is a world leader, with unique benefits versus its competitors, and as such is in demand among pharma companies. 2024 targets point to another year of strong revenue and profit growth, with a history of over-delivery. Longer-term targets have been set, which we believe are achievable, and offer double-digit compound revenue, profit and cash flow growth, while the company has established a progressive dividend policy after the special paid in 2023."

Moving up - looks like an upwards breakout is on the cards.

Having read that the Baltic Exchanges' main sea freight index, tracking rates for ships carrying dry bulk commodities, rose again on Friday marking a 7.7% rise in May, I also note this new article on the BBC:

Https://www.bbc.co.uk/news/articles/cqee78djzmro

"Shops rush for Christmas stock as shipping costs surge"

"Container prices, which peaked in January and briefly declined, have rebounded sharply in recent weeks"

"Mr Glynn explained that the spot rate - the current price for immediate delivery of goods - has dramatically increased in recent weeks from $4,500 to $7,500 (£3,500 to £5,900).

"This makes a massive impact on big bulky items, especially those that have low margins such as furniture, barbecues, and kitchen appliances," he said."

"Disruptions caused by Yemen's Houthi movement have limited the global supply of shipping space and containers."

"Shipping costs have soared as a result. The average cost of shipping a 40ft container now exceeds $4,000, a 140% increase from 2023, according to freight market tracker Xeneta.

Peter Sand, Xeneta's chief analyst, said that importers have learned many lessons from the pandemic including that "the most straightforward way to protect supply chains is to ship as many of your goods as you can as quickly as possible".

"That is what we are seeing with some businesses telling us they are already shipping cargo for the Christmas period - in May," he said."

AndyAMG, I was talking about the 24.46 Lakhs EPS for the year just ended 31st March - which AFAICS equates (roughly) to 2.14p EPS.

But I'd also like confirmation of this calculation!

For the record, another £74,000 of shares bought back at 1480p:

Https://uk.advfn.com/stock-market/london/volvere-VLE/share-news/Volvere-PLC-Transaction-in-Own-Shares/93959088

Remember that VLE bought back a further £916,000 in March, as well as the £148,000 in the last few days. So the cash pile will have reduced by over £1m, but the true NAV per share will have increased nicely since the year end.

A stated true NAV from the company including a sensible valuation for Shire would be extremely helpful. But it isn't going to happen without a value-defining event as it's subjective. Perhaps the market should take its cue from the normally very conservative CEO Nick Lander's willingness to buy back large quantities of shares at 1480p....

Edison have just released an update note after the prelims.

They've increased their target price to 535p (from 500p), i.e 85% upside from the current 288.5p.

They forecast 42.8p EPS this year, rising to 46.9p EPS next year. That's a P/E of 6.7 at 288.5p, falling to 6.1.

There's also a 14p dividend, rising to 16p - a 4.8% yield. Net cash at £2.9m at Feb'25 is then forecast to rise to £8.3m:

Https://www.edisongroup.com/research/diversification-underpins-resilience/33659/

Conclusion:

"Valuation: Lifted from 500p/share to 535p

Braemar enters FY25 with an orderbook that is up 47% y-o-y to $82.6m and strong fundamentals, with tanker rates remaining robust and depressed dry cargo rates set to recover. Furthermore, the global fleet continues to grow, while at the same time the existing fleet continues to age, implying pent up renewal demand that will need to be addressed within the foreseeable future. Our forecasts are largely unchanged but we have rolled over the base year for our dividend discount model (DDM) valuation, which leads to an increase from 500p to 535p/share."

These results look excellent - 2.14p EPS and the very good cash flows make OPG look extremely cheap prima facie.

Can long-termers here confirm - are there any differences between these results and the final UK PLC results due to say UK listing/operational costs not included in the Indian results, or is it just a straight translation? And if the latter, presumably the UK PLC will announce imminently?

Hopefully the upcoming RNS on the LSE will catalyse decent buying given the value and prospects on offer - with a long-deserved breakout upwards.

Here's a link to the Investor Meet presentation - couldn't agree more BodRuncie, this is a very well-run company on a cheap multiple with a sensible and clear growth path.

It was also notable that they've doubled the already successful Fidelis's revenues since acquisition:

Https://www.investormeetcompany.com/meetings/interim-results-299

(and thx BodRuncie for that excellent post!)

https://masterinvestor.co.uk/equities/silver-bullet-data-services-and-react-group-both-set-to-rise/

"REACT Group (LON:REAT) – Operating On Nearly 90% ARR

Since I last commented upon this company’s fortunes its share price has risen from 1.38p to last night’s 75p – unfortunately that does not reflect my share-picking ability, but instead the result of a 1 for 50 share consolidation.

The group is the UK’s leading specialist and contract cleaning, hygiene and decontamination company, operates with three divisions: LaddersFree, one of the largest commercial window cleaning businesses in the UK; Fidelis Contract Services, a contract cleaning and facilities maintenance business; and REACT business, which primarily provides a solution to emergency and specialist cleaning situations, both through long-term framework agreements and on an ad-hoc basis.

The £16.2m capitalised company yesterday issued its Interim Results for the six months to end March 2024.

It reported a 13% increase in revenues to £10.57m (£9.32m), while its adjusted EBITDA was an impressive 35% better at £1.28m (£0.95m), lifting its EBITDA earnings up to 6.02p against a previous 4.51p per share.

The group reported a good uplift in contract intakes, while it has been consolidating its banking relationship with HSBC, which I can see as a possible pointer to some M&A possibilities before the end of 2024.

CEO Shaun Doak stated that:

“We are delighted with the Group’s performance, particularly in a year characterised by significant investments. Despite the challenges, we have maintained strong sales momentum and secured higher margin business, which is a testament to our strategic efforts and operational efficiencies.

In addition to securing new material contracts, the Group has also achieved numerous small and medium-sized wins, whilst simultaneously renewing and enlarging existing contracts. This consistent success across various deal sizes underscores the quality of the Groups value proposition and is testament to our effective selling and cross-selling to drive growth.”

Commenting upon the group’s Outlook, he stated that:

“Looking ahead, the pipeline for the remainder of the year remains strong. This solid foundation provides the Board with considerable confidence in our ability to meet full year market expectations. We believe that our strategic investments and diversified contract wins position us well for sustained success.”

Analysts Mark Howson and Paul Richards at Dowgate Capital have current year estimates out for revenues of £21.3m (£19.6m), with adjusted EBITDA for the year to end September of £2.5m (£2.2m), with earnings of 6.9p (7.8p) per share.

In my opinion this group’s shares have good upside attractions and I cannot disagree with Dowgate Capital’s 100p share price aim, against last night’s close of 75p.

The shares are a very good Hold for existing sha

He notes that:

- Alusid's IPO is planned for later this year

- they're working with a European partner on a new range for launch in Sept/Oct

- they're planning to develop 20 new floor and wall tile ranges in the next few years

Https://www.proactiveinvestors.co.uk/companies/news/1048772/alusid-launches-eco-friendly-floor-tiles-and-prepares-for-ipo-1048772.html

Encouraging to see buyers paying the full 103p offer and sellers getting a premium at 101.4p.

Gut feeling only, but it feels like CAPD are on the verge of a breakout upwards. Hopefully it can achieve a big re-rating like TIG's recent run after a similarly long consolidation.

Or perhaps my gut just requires some lunch.