Member Info for rivaldo

Good to see the Non-Exec Chairman spending around £33k on more shares at 64.87p - he now has 20.39% of AEO:

Https://uk.advfn.com/stock-market/london/aeorema-communications-AEO/share-news/Aeorema-Communications-Plc-Director-PDMR-Shareholding/93602439

In addition, on Tuesday Jonathan Curry declared that his position has increased to 3.78%, or 361,000 shares.

And thirdly, Alan Charlton declared that he'd also been buying and increased to 4.21%, or 401,130 shares. He's a long-term investor in AEO who's interviewed the CEO at Mello.

This is inaddition to the recent other non-exec director share buy. It would seem that insiders and those who know the company pretty well are happy to be topping up their already large holdings at these levels.

Excellent news this morning, with both material contract wins and contract renewals which now include significant additional services.

The headline is £1.3m of annual revenues, which I assume comprises the additional £500k per annum from the new FM agreement plus the new £500k from the UK Government agency, as well as the £295k per annum from the existing FM provider? Or are the new/potential revenues in addition the core values of the contracts?

Whichever, there's also "a stream of small and medium sized wins" in addition.

It all sounds extremely promising:

Https://uk.advfn.com/stock-market/london/react-REAT/share-news/React-Group-PLC-Contract-Wins/93602432

This news from Network Rail looks good for RNWH - Network Rail have announced £2.8 billion of expenditure in the next 5 years to protect railways from climate change and extreme weather.

They particularly note repairing railway cuttings and embankments, improvements in drainage, anti-flooding measures etc which are RNWH's bread and butter.

In addition, there's a £19.3bn spend on replacing old assets with new ones and investing in projects such as digital signalling, with £12.6bn earmarked for maintenance - again all grist to RNWH's mill:

Https://news.sky.com/story/network-rail-to-invest-2-8bn-on-protecting-railways-from-climate-change-and-extreme-weather-13107105

Good to see large investee Allied Gold up 9% overnight to $3.93, presumably on high gold prices, which is the highest since last December:

Article about MSALabs looking at global expansion not posted here before:

Https://www.northernminer.com/joint-venture-article/jv-article-msalabs-probes-global-expansion-after-swedish-mega-find/1003863780/

Incredible that revenues could be down on forecasts by such a huge amount. Cavendish were evidently totally blindsided by over-optimistic guidance from the company.

Cavendish, who now have a 78p target price, have reset forecasts for the coming year to £27.6m revenues, 2.4p EPS and a £6.8m closing cash pile at March '25 (against the current £10.35m m/cap).

The cash/asset backing to a supposedly profitable cyber-security business was the reason I invested here, so at least the downside remains well protected, but SWG have a lot of work to do to deliver potentially substantial upside from here.

I would rather Cavendish had underpromised further and forecast say £25m revenues, as overdelivering is always the way to go. Anyway, they conclude today:

"Valuation and conclusion: Shearwater Group is a company with a unique and differentiated set of capabilities in critical cyber security applications, and a global blue chip customer base. The company has a strong balance sheet and a track record of strong historic profitability and strong cashflow, together with a resumption of positive cash generation delivered during FY24. The current share price corresponds to an EV/Sales ratio of 0.2x. We are reducing our own target

EV/Sales to reflect the slower recovery trajectory, but we argue that a new target of 0.5x is justified based on the medium-term potential. This corresponds to a new price target of 78.0p."

Here's a transcript of a new interview with the CEO about the contract win:

Https://www.proactiveinvestors.com/companies/news/1044442/endeavor-goes-private-after-just-three-years-on-the-stock-market-1044442.html

Extracts:

"securing such a prestigious client not only establishes our presence in the region but also sets a foundation for expanding our operations across the area. This includes staffing and infrastructure development, allowing us to leverage this initial success to explore additional opportunities within the region"

"Our platform will handle all aspects of ticketing and admission, providing seamless access to the venues in various capacities. This includes general entry and individual attraction access. Beyond ticketing, accesso Horizon serves as a comprehensive visitor management and entitlement platform, covering areas like food and retail, enhancing the overall visitor experience by offering an integrated and seamless customer journey"

The respected columnist Richard Beddard has just carried out a thorough analysis of RNWH to conclude whether to buy shares for his ongoing Decision Engine portfolio.

He scores RNWH with 7 out of 10, which indicates it's good value, and will be returning to potentially buy RNWH if one of the existing portfolio members is sold or excluded for some reason:

Https://www.ii.co.uk/analysis-commentary/shares-future-analysing-new-company-my-top-40-ii531225

Excellent news this morning of another NHS security systems contract win, not so much for the quantum at £0.4m but because it's a further example of CSSG spreading its wings through the NHS.

As the RNS says, "Croma now service several NHS Trust's and healthcare providers". Once a company establishes itself in the public sector it's usually the case that a series of regional organisations or Trusts follow each other once a reputation is established.

For the £9.4m m/cap CSSG this would be transformational alongside the expansion via acquisition propelled by the cash pile.

Shore Capital reiterate their 80p target today, and conclude as follows:

"Outlook and valuation:

As highlighted above each of the divisions has growth drivers with, in our view, Mottech well placed to potentially see much stronger demand than we forecast for its water management and control software. Typically, this improves the efficiency of irrigation systems, while reducing the cost of operating them. The Antenna division is likely to benefit from the rollout of 5G across the world as it already supplies seven of the top ten operators with its technologies and as illustrated by today’s contract win is well-placed in defence as well as for the rollout of 5G in India, in particular. Similarly, we would also expect to see good demand for the defence-related products and services of Summit/PSK.

We have an 80p fair value on the basis of a DCF analysis, which is more than corroborated were MTI to achieve an FY24F EV/EBITDA multiple of 12.8x (the average of our peer group)."

Shore Capital very positive about the new Saudi contract:

Https://www.proactiveinvestors.co.uk/companies/news/1044257/accesso-s-saudi-entertainment-deal-an-exciting-opportunity-analyst-1044257.html

"Accesso’s Saudi Entertainment deal an ‘exciting opportunity’ - analyst

Published: 14:18 28 Mar 2024 GMT

"accesso Technology Group PLC's (AIM:ACSO, OTC:LOQPF) landmark agreement with Saudi Entertainment Ventures (SEVEN) ticks all the right boxes for analysts at Shore Capital Markets.

The deal with SEVEN, a wholly owned subsidiary of the Saudi Arabia Public Investment Fund (PIF), is “a positive reiteration of the global brand awareness that the acquisition of VGS (accesso Horizon) has added to the group, as well as accesso’s ability to support its clients through complex and multipurpose projects”, the broker said.

Announced in November 2022, SEVEN unveiled plans to introduce 21 cutting-edge entertainment destinations across 14 cities, featuring over 150 attractions, diverse dining outlets, and local and international retail outlets.

accesso will be the key provider of ticketing and visitor management technology for all destinations and sub-venues associated with the project.

“This leaves accesso in a good position to leverage Saudi Arabia’s investment into being a leader in tourism, hospitality, and entertainment,” said Shore Cap.

Shore Cap also mentioned that accesso is making strides in the field of dynamic pricing’.

Dynamic pricing is a strategy where businesses set flexible prices for products or services based on current market demands, competition, and other factors.

It is “an area which accesso has previously mentioned as a potential opportunity, given its expertise in footfall management and tech-driven solutions”, said analysts.

Accesso stock is a 'buy' at 531p, reckons Shore Cap."

Featured on Master Investor:

Https://masterinvestor.co.uk/equities/small-cap-catch-up-bms-ztf-cury-and-more/

"Braemar (LON:BMS) – Looking Totally Undervalued

Yesterday morning’s Trading Update for the year to end February 2024 declared that the shipping services group had achieved a strong year in line with market expectations.

Revenue is expected to be not less than £150m (£153m) with underlying operating profit of not less than £18m (£20m).

That really was quite a year that its management must surely hope was now well out of the way.

The £73m capitalised group kept a positive cash position with net cash at 29th February 2024 of £1m (£7m), which was a decrease from the prior year after the cost of the internal independent investigation conducted and concluded last year, certain tax payments and share buy backs during the period.

As for this new year the company has informed investors that its total forward order book is some 47% up at $83m, which is a good advance from the $65.6m book as at end October last year.

With its finals due to be announced in May it is worth reminding readers that analyst Ian McInally at Cavendish Capital Markets has previously estimated that the current year revenues could rise to £154.4m, with adjusted EBIT of £18.2m, worth 36.5p in earnings and enabling a 14.9p dividend per share.

Come the May figures we could well see upgrades helping to pinpoint just how undervalued this group’s shares are at last night’s closing price of 256p.

I still find it hard to understand why these shares are so lowly valued, they are destined to rise above the 300p level fairly soon."

Looks like FNX powered a good year for Comic Relief, up 18% on last year:

Https://www.fonix.com/blog/10th-major-campaign-with-comic-relief/

"10th Major Campaign With Comic Relief

27/03/2024

Over £40m was raised for Comic Relief’s ‘Do Something Funny For Money’ campaign on Friday 15th March, £6 million more than last year. This year’s donations bring the total raised to an unfathomable £1.5 billion since the launch of the charity in 1985, helping the lives of over 100 million people! A fantastic achievement and one Fonix is proud to play a part of.

Fonix has had a strong relationship with Comic Relief since 2015, providing text-to-donate solutions to all 10 major campaigns with them, including The Big Night In which raised money in 2020 to support those affected by the COVID-19 pandemic. Fonix has raised over £70 million through text-to-donate solutions with Comic Relief and their fantastic telethons, encouraging donations through the amazing entertainment they provide year in and year out.

Text donations and Delayed Donation are powerful tools in the charity sector. They are an effective way to maximise donations where there is constant interactivity with the audience and mass volumes of donations. Comic Relief has raised as much as £13m via text donations in a single campaign."

From memory the broker commented that RNWH have always either beaten or met expectations since 2006, and that continues this morning.

Once again RNWH is trading nicely in line and experiencing "strong demand for its services across all key markets", with "excellent" visibility for H2 given the order books and long-term framework contracts.

Last year's H1 update was worded almost exactly the same, and RNWH ended up beating expectations by some margin.

The cash pile was up to almost £36m at the year end, so should have increased further since and provides a healthy backdrop to likely acquisitions soon.

This morning's $1.2m repeat contract win for military antennas is good news for this year's figures, but perhaps even more interesting is this comment:

"We see more opportunities in this specific area of conformal antennas, some for new development projects and some for use in existing products, but all resulting in our technology being used in more applications"

Https://uk.advfn.com/stock-market/london/mti-wireless-edge-MWE/share-news/MTI-Wireless-Edge-Limited-Contract-Win/93584016

Singer Capital retain their Buy and 1.9p price target.

They forecast 0.136p EPS to this September, i.e a P/E of only 9.9, and summarise as follows - remember that we're already halfway through the financial year, so today's AGM statement should presage a good H1:

"A brief AGM Statement from React confirms that trading is on track, with momentum continuing into FY24. Revenue for the first five months of the year was ahead of the prior year and the Board is cautiously optimistic about the outlook. We therefore keep our forecasts unchanged and remain at Buy with a 1.9p TP, noting React’s defensiveness, high recurring revenues and attractive margin"

Yesterday's contract win probably reflects the progress made as reflected in this news from just a couple of weeks ago:

Https://www.planetattractions.com/news/%E2%80%98Innovative-solutions-for-today-and-for-the-future%E2%80%99-as-accesso-looks-forward-to-year-ahead/3181

‘Innovative solutions for today and for the future’ as accesso looks forward to year ahead

As the customer experience becomes increasingly immersive, accesso is placing its focus for 2024 on seamless experiences through use of its cutting-edge technologies

Tom Anstey | Planet Attractions | 12 Mar 2024

s one of the leading global providers of technology solutions aimed at redefining the guest experience, driving increased revenue, streamlining operations, and supporting data-driven business decisions for leisure and entertainment operators, 2024 is a big year for accesso.

This year, the company is eyeing an increase in immersive customer experience operations, with its focus on seamless experiences and cutting-edge technology.

Among its offerings, the recently launched Accesso Freedom restaurant and retail platform has been developed to “redefine the guest experience”. A cloud-native platform Freedom allows venues to seamlessly integrate restaurant and retail operations, supporting mobile food ordering, self-service kiosks, and mobile point-of-sale.

The recent acquisition of VGS adds the Accesso Horizon ticketing and visitor management system to the company’s product portfolio, providing venue operators with a comprehensive solution. Also, the latest version of the Accesso Passport ticketing suite introduces a range of enhancements, streamlining operations and options to enhance the user experience.

etc"

The AGM statement looks very positive, with cautious confidence about trading. Revenues are ahead of last year, and in particular:

"momentum has continued into the current financial year and the Group is taking advantage of significant growth opportunities for its essential services"

And:

"Each division has performed well and the Group continues to benefit from cross selling opportunities which not only enhance our offering but also contribute to the organic growth"

Continuing the move up - buying coming in at the full 145p offer now.

Terrific presentation, John is really stepping up to the mark. Thx to Elsol for the summary too.

I just love the huge recurring revenues and the vast range of opportunities here - plus the large cash pile and the minimal need for cap.ex.

Looks like not long to wait for the Saudi project to start delivering - the first guests are expected early next year in Al Hamra:

Https://www.constructionweekonline.com/projects-tenders/how-saudis-seven-is-transforming-leisure-and-entertainment-in-the-kingdom

Al Hamra alone - just one of the 14 cities, 21 destinations and 150 attractions involved - "is expected to attract 6 million visitors per year":

Https://seven.sa/2022/11/30/seven-to-invest-sar-50-billion-to-develop-unique-entertainment-destinations-across-14-cities-in-saudi-arabia/