Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
"Special business resolution number five proposes that the Company undertakes a court approved capital reduction process designed to convert £8.9m of non-distributable reserves into distributable reserves." Looks like a good use of spare cash for the benefit of shareholders.
On admission we get 4,280,446 New Ordinary Shares at the lower of a) the issue price of 17p or b) the lowest price at which New Ordinary Shares may be issued by the Company as part of any fundraising conducted between the date of Admission and 31 December 2018.
Ow and HubCo. got big Sofa http://www.investegate.co.uk/aim/rns/sch-1---big-sofa-technologies-group-plc/201611301530015952Q/
Today Winnifrith states in his podcast that he taken part in a placing that should be announced on Monday mourning. He has invested in all A.R. RTO placing todate. Is Monday going to be the placing date for New world oil?
Finncap 08:1923 Aug Bioventix* (BVXP): Earnings upgrades post trading update (CORP) Following yesterday’s positive trading statement relating to FY 2016 revenues as well as comments pertaining to its troponin antibody being developed into a diagnostic test for heart attacks by Siemens, and in which management states that it expects “to commence significant sales during FY 2018”, thus potentially mitigating the effects of lost revenues from NTproBNP antibody in FY020 18, we are upgrading forecasts for FY 2016 and FY 2017. Fully diluted EPS are forecast to be 64.9p and 71.2p in 2016 and 2017, +13% and +19% above prior estimates, respectively. We assume a FY 2016 dividend of 43p to be declared (1.5x cover), which we estimate should rise to 46p in FY 2017. Net cash at 30 June 2016 is estimated to have been £5.2m and is expected to rise to £6.3m in FY 2017. Consequently, we increase our target price by 8% to 1350p, at which level the stock would trade on FY 2017 PE and EV/EBITDA multiples of 19.0x and 14.3x, respectively, supported by a DCF valuation of 1450p.
Seems to be robust revenue growth as promised by Peter in his recent Piworld presentation. "For the next 5 years revenue growth will just continue without me doing anything because its already in the can at our customers." Matt thanks for the earning estimate and price target. Here is Leon Boris estimate just for balance. http://www.stockopedia.com/content/small-cap-value-report-22-aug-2016-bvxp-trcs-147765/?comment=18#18
At this price f(PE) 16.8 and 4.2% Yield, 2.11x dividend cover this looks to be a good value high quality share. with 10% cash support for market cap and no debt. Plus, two years of EPS growth predicted by brokers (+13% and +4%). I decided to top up abit at these levels.
Visual Analytics Firm Qlik to be Acquired for $3bn https://twitter.com/thebigsofa/status/739932643467399168
Here is the link to the conversation with Jake Steadman. Could mean they are testing the software for possible use. https://twitter.com/thebigsofa/status/736100468967886849?lang=en-gb
9.5M cash is 16% of market cap. Plus a positive NAV per share which has been expanding for 5 years. Together with a good operating margins and ROCE with the majority of sales abroad. With a Div cover of 2.06, this is the sort of company you want to ride out any brexit storm in. I hold for the long term.
Paul thoughts on Zytronics interims http://www.stockopedia.com/content/small-cap-value-report-17-may-2016-lake-zyt-new-version-old-one-corrupted-131705/ Plus a interview with CEO http://qualitysmallcaps.co.uk/ceo-or-fd-interviews/zytronic-zyt-ceo-interview-17-may-2016/