Member Info for surprised

https://twitter.com/surprised_trade/status/1504518554695122950

broker note out - the need for alternative energy puts #CWR in prime position as they partner with Blue Chips like Bosch etc..... no mucking about with their target price (fund raise 2021 was at 1000p) ..target 1460p

block now 126 usd....

Hi daddum, looks like a two pronged attack on energy, more fossil fuels in the short term to fill the void whilst alongside this an accelerated programme of investment and deign in the alternatives, particulalry hydrogen and energy storage to transistion away from fossil fuels as quickly as possible...Hedge fund managers are likely to invest in both fossil fules and the expected alternatives imo :-)

Liberum...... 17.3.22

Ceres Power is one our favourites in the fuel cell and hydrogen space for a variety of reasons. It is the only listed player which is licensing rather than manufacturing, resulting in higher gross margins and higher cashflow potential. Unlike some peers it is a play on both distributed power (fuel cells) and hydrogen production and has an edge in both areas – fuel flexibility in fuel to power, energy efficiency in power to fuel. Most importantly it has secured licenses with three well-funded partners who have gigascale ambitions. Royalties and positive EBITDA will motor after 2024 when partners start commercial sales but we are hopeful in the coming year(s) that new partnerships will be signed for SOFC licensing and SOEC development

FY21 revenues were 44% ahead of a year earlier at £31m thanks to a £9m increase in license fees driven by Doosan. ..

Catalysts in 2022 Revenues are expected to grow in 2022 thanks to continued engineering support for partners, some further growth via debottlenecking in the UK sample and prototype plant in Redhill and license payments from Doosan and possibly Weichai depending on JV finalisation. Gross margin is expected to remain in the range of 65-70%. The CFO is guiding to a significant increase in CAPEX from £6m to £15m-20m and a modest increase in R&D primarily driven by investment in SOEC development – consistent with the objectives of last years £180m fundraise where roughly £100m was earmarked for this area. The company says it is has had significant interest from companies interested in collaborating in the development of its 1MW SOEC demonstrator ...

Ceres has three principal competitive advantages. Strong technology, an asset-light licensing model and well-funded, highly incentivised licensing partners

The technology space Ceres operates in offers some unique advantages versus lower temperature PEM and Alkaline cells. Firstly, SO cells if designed to suit are able to harness some of the heat to reduce the fuel or electricity required for conversion processes. The power cell is fuel flexible and can utilise biogas, ammonia or impure hydrogen. The cells can be used reversibly in one unit for power or hydrogen and can be used to convert CO2 to CO as well as water to hydrogen for syngas production, a building block to synfuels.

BUY -Target Price 1460p

Today's premium 'Investors Chronicle Alpha' stock pick section has noted KAPE as one of the top rated companies in it's screen for momentum and security stocks .

Security stocks for the new era..
'...Cyber security is another theme that was already important but has only become more pertinent given the breakdown in relations between the West and Russia and deep mistrust with China. Kape Technologies (KAPE) rates highly ....'

RENEWABLES AND ALTERNATIVE ENERGY
Clean energy companies, centred around the use of hydrogen as an alternative fuel, have soared on the stock market in the wake of Russia’s decision to invade Ukraine. However, the likes of Ceres Power (CWR:AIM) and ITM Power (ITM:AIM) are still broadly flat year-to- date despite the recent surge in their share prices thanks to previous weakness on the market.
Both businesses are still some way off achieving profitability, though they have a decent amount of cash in the bank as they look to commercialise their technologies.
On 10 February, Berenberg issued research on the clean energy sector whereby it had a ‘buy’ rating on Ceres Power and a ‘sell’ on ITM. It likes Ceres for its blue-chip partners and leading solid-oxide technology.

block up to 12 percent to 116

https://twitter.com/surprised_trade/status/1504359646244614144

hydrogen/energy storage only grows from here ...

Strong progress on major contracts has driven a 44% increase in revenue and other operating income to £31.7m for the year ended 31 December 2021 (CY 20201: £21.9m)

· Increased gross profit of £20.3m (CY 20201: £14.6m) at sector-leading gross margin of 66% (CY 20201: 67%) driven by our IP licensing model

· £250m of cash and investments as at 31 December 2021 (Dec 2020: £110m) following a successful fundraising in March netting proceeds of £179m to support growth into electrolysis for the production of green hydrogen

Strategic highlights

· Building manufacturing scale globally

- After the year end, Weichai, Bosch and Ceres signed China JV Heads of Terms; aimed at a third global manufacturing centre

- Bosch to invest €400m into its solid oxide fuel cell (SOFC) business in Germany between now and 2024

- Doosan announced 143.7bn won (c.£89m) investment to build an SOFC stack manufacturing plant in Korea

· Embedding Ceres' technology in systems globally

- 30kW stationary power system development with Weichai, extends applications alongside transportation

- Bosch installing ~100 small-scale stationary fuel cell power plants across Germany

- Doosan preparing soft launch of its 10kW SOFC system using Ceres' technology later in 2022

- Doosan signed a letter of intent with Shell and Hyundai Heavy Industries, to develop an SOFC marine system

· Unique and valuable technology to address climate change

- First-of-a-kind solid oxide electrolyser (SOEC) 1MW-scale demonstrator in build to become operational in 2022

- Strong interest and discussions in progress with several potential commercial partners on SOEC

- Formation of Ceres Radar; first joint development with long-duration energy storage company RFC Power

· Investment in our business

- Continued to attract and retain highly talented scientists and engineers, adding over 160 people in 2021

- "Investment in the future"2 increased to £34.9m (CY2020 £26.0m) driven by growth in SOEC investment

Ramsdens a financial services group whose main activities encompass foreign-currency exchange, retail jewellery, pawnbroking and a precious metals buying and selling service, has delivered a resilient trading performance and is placed to deliver a strong profit recovery in the 2021/22 financial year.

The effects of two national lockdowns and restrictions on foreign travel were always going to impact trading by reducing footfall in store, dampening demand for purchases of foreign currency, and in the absence of places to spend their money it also enabled pawnbroking customers to pay down debt. These headwinds are now set to turn into tailwinds.

....Chief executive Peter Kenyon also highlighted that the pawnbroking book increased from £6.1m to £6.8m in the final quarter of last year. Reassuringly, pledges past their due date remain at normal levels. The combination of a high gold price and the need for some customers to seek short-term cash flow in what could be challenging conditions for the less well-off this year are supportive of further growth.
.... jewellery sales surged by 70 per cent in the first quarter of 2021/22, having accounted for 16 per cent of divisional revenue of £18.2m in the 12 months to 30 September 2021, up from 10 per cent in the prior year. Premium watches are proving a hot investment, so much so that Ramsdens sold £1m of s****y tickers in December 2021, says Kenyon.

The combination of higher pawnbroking income, recovery in foreign-currency sales (on a higher margin given the exit of rivals from the market), a return to more normalised precious metals trading, and ongoing growth in jewellery sales suggest that a recovery in gross profit from £22.3m to £35.7m is achievable, as analysts at Liberum predict. On this basis, the house broker forecasts a ninefold rise in pre-tax profit .....

Broker raiaes valuation to 645p.

James Wood at Canaccord Genuity observed Restore’s record revenues and earnings underlined ‘the resilient nature of the mission-critical and increasingly technology-enabled services’ which the company provides to its public- and private-sector customers.

As well as keeping his Buy rating, Woods raised his sum-of-the-parts valuation for the group from 615p to 645p.

https://www.sharesmagazine.co.uk/news/shares/investors-in-restore-rejoice-at-record-earnings-and-growth-plans

Investors in Restore rejoice at record earnings and growth plans

....thanks to improving momentum throughout the year the revenue run rate at the end of the fourth quarter was more like £260 million, 20% above 2019’s level.

The acquisition of EDM in April 2021 effectively doubled the exit run rate of the Digital business to £46 million while at the same time delivering margin benefits due to the unit’s increased scale.

Three smaller acquisitions helped double the exit run rate of the Technology business to £34 million, also with a positive margin effect.

Pre-tax profits increased by a whopping 475% to £23 million, while EBITDA (earnings before interest, taxes, depreciation and amortization) rose by 29% in line with turnover.......

https://twitter.com/surprised_trade/status/1504007571472109569

BUY -Target Price 140.0p

FY 21 FD EPS of 5.6p was in line with our expectations and the FY dividend was reinstated. We maintain our FY 22 and FY 23 earnings estimates and introduce FY 24 estimates. The company’s CMD in November highlighted its ESG credentials and showed that it is well positioned for growth. Management targets suggest that 12.6p of FD EPS is achievable, particularly given inflation. At Energy, the need for energy security is likely to increase demand.....

https://twitter.com/surprised_trade/status/1503998641371033600

Exceeding expectations, Revenue £234.3m +28%, adj profit before tax £38.1m +64%, record revenues and profit demonstrating strong strategic progress, expecting further financial and strategic progress in 2022

Revenue up +28% to £234.3 million (2020: £182.7 million) driven by:

o Organic growth +5.0%

o COVID19 repair +5.6%

o In year acquisitions +16.4% plus full year effect of prior year acquisitions +1.2%

· Adjusted profit before taxation up +64% to £38.1 million (2020: £23.2 million) and operating margin increasing from 18.5% in H1 to 20.7% in H2

· Statutory profit before tax up 475% to £23.0 million

· Strategic acquisitions successfully completed totalling £86.3 million during 2021, delivering a post synergy ROIC4 of 13.0%

· Strong Cash conversion5 at 85% with closing net debt at £100.8 million and leverage6 of 1.8x

· New increased debt facility agreed post year end at enhanced terms, providing further capacity for continued investment

· Proposed final dividend of 4.7 pence, taking total dividend for 2021 to 7.2 pence (2020: nil pence)

CURRENT TRADING AND OUTLOOK

2021 saw delivery of record revenues and profit demonstrating strong strategic progress and the resilience of our revenue and markets despite a challenging economic backdrop.

The new financial year has started well, in line with our expectations, and we are expecting further financial and strategic progress in 2022, which will benefit from:

https://twitter.com/surprised_trade/status/1503836630410534919

.sp pulled back with the general tech drop, however, Gresham House have taken the opportunity to secure a massive 24.83%

https://kalkinemedia.com/uk/video/ftse-listed-cyber-security-stocks-you-should-keep-on-your-watchlist

Kape no1 stock to watch....

Experts believe that fears of cyber-attacks from Russia have increased with the UK imposing tougher sanctions on the country. According to ICO data, between July and December 2021, around 1,345 cyber attacks took place in the UK, including phishing attacks and ransomware attacks, which is a 20% increase as compared to the same period in 2019. In line with this, the global cybersecurity market is expected to grow by 12.5% every year from 2021 to 2028.

https://twitter.com/surprised_trade/status/1503269058300592130

excellent results hitting recently upgraded expectations-99% of income of a repeating nature , we do not foresee any risk of the business being directly impacted either now or in the future bu Ukraine conflict, divi 2p

https://*********************/newsfeed/article/fonix-mobile-plc-interim-results-1371196

https://www.investorschronicle.co.uk/news/2022/03/10/spirent-takes-off-on-5g-tailwinds/

Spirent takes off on 5G tailwinds
Rising demand for 5G and cloud services continues to deliver sales and profit growth

Order book up 30 per cent at the end of 2021, including increasing number of multi-year contracts

Recent acquisition of wireless testing specialist Octoscope to boost future earnings......

.......coupled with the current low valuation, leads us to recommend a Buy.

with respect Hedge 30p to 115p+ was not bad and the Tech sector has been hit hard in past few months across the globe....situations change and it is clear based on the figures below that there is clear upside on just todays valuation let alone when Tech stocks start to gather momentum again, as they surely will :-)

Orders growth of 18 per cent, 14 per cent organic8, driven by customers' need to support an increasing number of 5G roll outs.

Book to bill9 across the year was 111; the orderbook2 increased $63 million to $270 million with growth in multi-year contracts, across the portfolio providing greater revenue visibility for outer years.

Revenue up 10 per cent, 7 per cent organic8, with strong demand for both lab, and especially live assurance solutions, as 5G networks continue to roll out globally.

Continued R&D investment across the portfolio totalling $113.3 million, 20 per cent of revenue.
Adjusted operating profit increased by 14.5 per cent to $118.5 million, with adjusted operating margin improving to 20.6 per cent, up from 19.8 per cent in 2020.

Cash closed at $174.8 million after payment of special dividend of $46 million, and acquisition of octoScope.

· Full year dividend up 12 per cent (14 per cent in Pound Sterling). Final dividend of 4.37 cents per share to be paid in May 2022.

https://twitter.com/surprised_trade/status/1501818613333954561