Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Tuesday 27 April 2021 Trading Update
Tuesday 25 May 2021 Annual Results Announcement
Thursday 1 July 2021 Capital Markets Day
'
Share price action in recent days has been positive. Possible good news in the iar ???
Nice Contract win with Google adds to those reported earlier in the month
Share Price upso far today over 2.4% at 3,503 with no News reported before Easter.
'
Any IDEAS why ???
See RNS... Substantial contracts see RNS
Re Scheduled for Tuesday 3oth March
Outlook and current trading (extract)
All-in-all, we continued to fire on all cylinders in 2020, with like-for-like revenue and gross profit up 15.2% and 19.4% and pro-forma revenue and gross profit growth of 20.1% and 23.7% and a pro-forma operational EBITDA margin of over 23%, after central costs. January 2021 like-for-like gross profit growth was strong and ahead of budget . This performance is planned to continue into 2021, with budgets and plans targeting strong revenue, gross profit growth and improving operational EBITDA margin and the three-year plan for 2021-3 targeting a doubling of the firm organically, excluding combinations
Mr Cautious. These are traders betting LONG. A positive sign !
LSE uses an algorithm to judge Buy and sell it is their guess, Stock Prices on the sample are so close to confuse the LSE algorithm
Example is a trader who borrowed shares for time. Sold when time is up but rebought the same tranche and paid some £50 for the privilege. Price, or number of shares, can be used to pay the fee but all happens very quickly. It is a negotiated deal.
There have been a number of Rollover trades recently with two in the past week. The last was on Friday. These artificially boost the daily traded volume. In my opinion they just demonstrate that frustrated monied traders are IMHO also frustrated at the lack of news.
_____________________Example Friday
Date________Time__________Price______Volume______Value___________
2021-03-19__12:52:45__GBX___2.204____1,410,000____£31,076.40 Off-Book_AIMX OILQ LRGS
2021-03-19__12:51:34__GBX___2.2______1,410,000____£31,020.00 Off-Book_AIMX OILQ LRGS
'
One Sell One Buy Timing within seconds and all other values very very close
E&OE
We are approaching the spring equinox season and my expected date for notification of a contract for rental of the Caspian Explorer. The work season for the 18,000 ton drilling barge begins on 1st May and in my opinion would need six weeks for refit (after 2 year plus layoff), reconditioning, storing, training and shakedown before commissioning. That gives my estimated key date of 21 March 2021.
'
Public holidays are due and so we are entering key lookout period for news.
'
20 Mar Saturday begins the Equinox Season
21 Mar Sunday Nauryz Public holiday
22 Mar Monday Nauryz Holiday Public holiday
23 Mar Tuesday Nauryz Holiday Public holiday
24 Mar Wednesday Day off for Nauryz Public holiday
'
Nauryz celebration one of the most ancient holidays in the East, with its origin dating back to the Zoroastrian religion, Nauryz is respected by the Kazakhs and is one of the most long-awaited and joyful events. This holiday appeared in the I millennium B.C. Nauryz is a holiday of renewal and spring. It is also called as eastern New Year.
'
Nauryz in Almaty (CASP HQ), is where they celebrate this spring equinox festival, by serving up kok samsa, deep-fried pies filled with a selection of spring greens. Seven tastes of spring: parsley, spinach, coriander, celeriac leaves, spring onion, garlic and mint.
For a break down of ALGO and Off Book Trades only on Friday 12th
Grouped as Trade by the Hour Band
Deals Deals Sum Trade Sum Trade
Off-Book ALGO Off-Book ALGO
Hr 08-09 75 _70 £767,084 £200,781
Hr 09-10 74 _56 £880,004 £153,064
Hr 10-11 29 _14 £_85,189 £_26,821
Hr 11-12 41 126 £247,896 £422,099
Hr 12-13 44 _66 £720,046 £209,934
Hr 13-14 29 _41 £917,413 £_71,167
Hr 14-15 43 _71 £703,728 £280,602
Hr 15-16 40 177 £266,130 £725,679
Hr 16-17 41 137 £265,172 £628,104
Hr 16-17 1 0 £__10,050 £0.00
=======
Total 417- 758 £4,862,711 £2,718,250
Breakdown as listed for Off Book and ALGO trades but excludes others E&OE
High speed trading in last 30 minutes of Trading on Friday when the share price rose by 30 pence. (a penny a minute) . In that time 175 trades with 214,899 shares and one million pounds changed hands (actual £951,041). Total for the day was some £7.5 million
'
The closing auction was some £336k after the bell. Possible inter broker signal trades were 104 trades with volume below 50 shares (features of a very busy day)
'
Star trade of the day was timed at 09:10:57 was £504,630 for 81,000 shares.. More realistically the middle trade of the sorted sample of 1,230 day trades was for £5,253. (median)
Make of it what you will
Consensus Net £136 million from Stockopedia
Profit before tax will be in excess of GBP195 million. Trading has continued positively through to the end of the year.
Total revenue grew by three per cent overall.
Strong growth in Technology Sourcing product sales. Services revenues remained broadly flat.
Net funds, finished extremely strongly at around GBP188 million.
Group Outlook trading since the start of the pandemic shows no sign of abating,
Final results for the year ended 31 December 2020 on Tuesday 16 March 2021.
Conference Call for analysts and investors this morning at 08:30
My notes for scale 2019 Net Profit £102 million ; 2020 Consensus estimate £136 million
____________Synopsis
Q3 was a strong quarter of contract renewals over 20% organic constant currency revenue growth This was driven by a significant number of scheduled subscription renewals, including a large renewal in the Food sector.; renewal of a large EPC contract; two large contracts in the Marine sector.
The order pipeline for the remainder of the financial year is solid, supported by efficient digital demand generation and several large contract renewals, albeit fewer thanQ3 looked strong seen in the third quarter
On 31 December, AVEVA had GBP2.7 billion of cash (mostly held in US dollars) and no debt, reflecting the proceeds of the Rights Issue ahead of the completion of the OSIsoft acquisition.
____________OSIsoft update
OSIsoft continued to perform well and achieved billings growth of 8.5% in the financial year to 31 December 2020, in line with management plans. This was driven by strong growth in the Power Generation & Distribution, Chemicals & Petrochemicals and Pharmaceuticals & Life Sciences markets, partly offset by slightly weaker orders from the Oil & Gas and Mining, Metals, Metallurgy & Materials markets.
Tremor will also be demonstrating the capabilities of its cloud-based platform on a finnCap Tech Virtual Demo for Institutional Investors on Wednesday, 9 December at 3.00 p.m. UK time. Please contact IR@finncap.com if you would like to join. This will be recorded and subsequently available to all investors at Tremor's Investor Relations website and https://www.finncap.com/sector-expertise/technology
Thursday is the date for the Full Year results when we should get more detail on the merged company.
In the meanwhile we seeing some "Off Book" trades against regular number of AT (ALGO) deals
Yesterday we saw
AT________ Deals 608______ Volume 148,469 ___Value £845,367______ dominating number of deals
Off-Book___ Deals 79______ Volume 216,141 ___ Value £1,232,538_____ dominating volume and value
Hour by hour comparison of trading deals, rate of deals and volume
__________Monday 23rd_____________________________Friday 27th
Monday _!_Deals__per min____!_Volume_Friday->__Deals__per min___!_Volume
Hr 08-09 _!__ 51 _!__ 0.85 _!__71,591 __!!___1,083__!___18.05 __!__7,210,151
Hr 09-10 _!__ 25 _!__ 0.42 _!__55,633 __!!____ 422__!____7.03 __!__2,329,730
Hr 10-11 _!__ 26 _!__ 0.43 _!__54,100 __!!____ 385__!____6.42 __!__2,286,928
Hr 11-12 _!__ 18 _!__ 0.30 _!__40,077 __!!_____233__!____3.88 __!__1,566,794
Hr 12-13 _!__ 11 _!__ 0.18 _!__41,697 __!!_____248__!____4.13 __!__1,794,928
Hr 13-14 _!__ 10 _!__ 0.17 _!__19,721 __!!_____153__!____2.55 __!___ 698,758
Hr 14-15 _!__ 6 __!__ 0.10 _!__13,450 __!!_____204__!____3.40 __!__1,884,621
Hr 15-16 _!__ 2 __!__ 0.03 _!___3,140 __!!_____379__!____6.32 __!__1,992,548
Hr 16-17 _!__ 10 _!__ 0.33 _!__12,183 __!!____ 238__!____7.93 __!__4,641,935
========================================================================
Total Monday 159__!__ 0.31 _!_311,592 Friday->3,345__!____6.64__!_24,406,397
'
All trades are Off Book, not ALGO or Direct Access. Negotiated Trades, normal institutions, were 1 on Monday and 160 on Friday. Last hour on Friday includes delayed trades traded earlier. Median size of individual trades was £5,750 whilst only top one percent of trades were over £49,000 value (roughly £1 million total value) on Friday which I take as being experienced investors
'
Friday trades were going through at one every three seconds (18.7 per minute) speed during the first hour which is at Flash Guys direct access speed and swamped the market and painted the picture for the day and dictated the price. There was no dead cat bounce.
'
Normally brokers notes, issued under embargo, are released to the press the day before, Fair practice is RNS officially released at 7.00 am along with notes becoming unembargoed. It is alleged that Fridays trade was based on "Numis, which likes to keep the facts away from private investors, so that institutions & HNW individuals only get privileged information. This is totally unacceptable, given that the broker gets its information at least in part, directly from the company."
The value of your rights are using the sample, 70 times AVVN price or £715.40, if you sell them before 7 Dec. They can be worth B all if you don't sell them or buy them by 7 Dec. NO ACTION means they may be or may not be sold in an auction when B all is a possible outcome
'
TERP was the value calculated in Circular on 5 Nov. What it will be on 8 Dec is your guess
I am no teacher but this example may give you a guide
Shares___________Price___Value_______Cost_______Profit
90___Invest 5 Nov_40.54___£3,648.60___£3,648.00
‘
90___26-Nov_____32.63____£2,936.70
70___Nil Paid_____10.22_____£715.40 Cash or Value
========================================================
Total in Nil Paid_____________£3,652.10___£3,648.00_____0.1%
‘
End___08-Dec-20___TERP_____Value_______Cost______ Profit
90___Original_____33.28_____£2,995.20___£3,618.00
70___Fully Paid___33.28______£2,329.60___£1,578.50
=================================================
End of Rights______________£5,324.80___£5,196.50_____2%
Example only