Member Info for surprised

https://twitter.com/surprised_trade/status/1501167649039994882

earning enhancing aquisition, broker raises target to 70p

https://www.investorschronicle.co.uk/ideas/2022/03/09/targeting-a-glaring-valuation-disconnect/

Targeting a glaring valuation disconnect
The massive share price discount to book value of an Aim-traded finance company that holds a valuable stake in a New York-listed fintech fund is well worth exploiting....

ThinkSmart’s sum-of-the-parts valuation almost double its current share price.

......Analysts have an average target price of $182 on Block’s stock, albeit that’s well shy of the $270 level the stock was trading at last autumn. However, if the price recovers to that level it would value ThinkSmart’s stake at £86m (80.75p a share). Furthermore, with the UK company winding down its legacy leasing business, then shareholders can realistically expect some of the value in the Block holding to be returned to them as soon as the US group’s stock price more accurately reflects the intrinsic value of its fast-growing businesses.

The disconnect between ThinkSmart’s share price (27p) and its sum-of-the-parts valuation (50p) is not only anomalous, but you could more than treble your money if Block’s stock price rises by 82 per cent to that $182 target. Buy.

Net assets at period end of £79.8m (31st Dec'21), equating to 75p (FY21: £134.5m, 126p). •In summary, revenue and underlying PBT is stronger than we had forecast, albeit the reported result has been negatively impacted by the de-rating of the tech sector. We shall review our forecasts in light of the stronger than expected interim results but note the investment case for TSL is almost entirely dependent on the performance of Block share

Valuation & recommendation
Our valuation methodology for TSL remains unchanged. We ascribe a value of 1x to the last reported tangible NAV (excluding Block shares) of £5.8m, and then add the markto-market value for Block shares (SQ_US $100.62 x 618,750 shares) of £47.4m. This results in a total mark-to-market value of £53.2m and a new TP of 50p (Old: 139p), offering 85% upside.
We note that our Canaccord colleagues, who formerly research Block in the US, have a target price of $210.00 (last note 24th Feb'22). If this were to be achieved it would imply a value for TSL of 98p, 264% upside.

https://twitter.com/surprised_trade/status/1501500703164051456

https://twitter.com/surprised_trade/status/1501496398805671937

16p..yet to rally in the metals sector, platinum and copper....

A mining company that extracts platinum group metals (PGMs) and copper from mine tailings in South Africa and Zambia is set to deliver an eye-catching profit uplift

First-half Sable refinery copper production up 70 per cent to 1,314 tonnes
Commissioning of new copper concentrator nearing completion and Sable’s annual output to hit 10,000 tonnes before June 2022

JLP is a mining company that makes money by extracting platinum group metals (PGMs) and copper from mine tailings in South Africa and Zambia, is on the cusp of delivering a major ramp up in revenue and earnings from its copper operations.

In Zambia, the group is finalising its new Roan processing plant which will supply copper units to Jubilee’s wholly owned commissioned Sable Refinery, located adjacent to its Kabwe tailings resource in the Zambian Copper Belt.

The project should complete in the first half of this year, which will enable Sable to increase annual output to 10,000 tonnes of copper cathode, equating to 70 per cent of Sable’s capacity. To put that figure into perspective, it’s more than five times Jubilee’s copper production in the past 12 months. Importantly, Jubilee has agreements in place on over 300m tonnes of copper and cobalt tailings that will enable the group to ultimately boost annual output to more than 25,000 tonnes of copper..
Jubilee’s Zambian copper operations produced attributable earnings of £3.2m on 1,314 tonnes of copper output in the second half of last year, but the operational gearing of the business is such that profits will surge from this point as revenue builds...
...with copper production and profits both set to surge, and priced on a modest forward price/earnings ratio of five, another rally is overdue. Buy.

with copper production and profits both set to surge, and priced on a modest forward price/earnings ratio of five, another rally is overdue. Buy.

and with the sp already massively down todays results against the bod's 'hype' come as a real blow to the majority of investors...at least they are only seeking to raise £1m, which in the scheme of things is not much....that's the only sliver of positive from todays news....

https://twitter.com/surprised_trade/status/1501250345019879435

IC article out on #BGO ...states fair value 260p

https://www.investorschronicle.co.uk/ideas/2022/03/08/an-app-store-winner/

added some more down here....expect in a few weeks folk will make the most of the end of covid, Spring, Summer and the opportunity to get out and about for the first time for two years...business will continue to be seeking reasonable price overnight stays at Premier Inns, and combined with the first opportunity for the general public to start taking breaks it all seems set to grow from here for the first time since covid begun :-)

could not resist, added a few more at 1.25p ...

added a few extra to holding at 2.54p ....

https://twitter.com/surprised_trade/status/1501102882384457728

Bango has delivered another strong year of growth. Revenue grew +31.5% yoy, +3% ahead of our expectations. The group is very well positioned to continue to deliver growth, we forecast 29% revenue CAGR, over the forecast period.

Net cash position of $9.7m –

More Users x More Routes x More Merchants x More Insights For management, the formula is succeeding, and we are confident that this approach enables Bango’s ability to continue to drive significant growth. We forecast that Bango will deliver 29% revenue CAGR FY21-24E, at which point in FY24E revenue will be c.$45m and Bango will be well on the way to management’s stated goal of taking Bango from a tens of millions of dollars business to a business delivering hundreds of millions of dollars of revenue. The Payments business remains a high growth area and feeds Bango’s virtuous circle strategy. The TPAY partnership, announced in January 2021 provides Bango with unmatched scale in the Middle East and Africa, which are two of the fastest growing regions for alternative payment methods. For instance, one connection between Bango and TPAY provides access to 76 operators and wallets in 24 countries. Additionally, the market has seen the end of the app stores’ monopoly on in app payments triggered by shifts in regulatory changes in South Korea, which are expected to extend across the world as the regulation evolves.
Bango is well positioned to benefit from these changes, with leading developers who are already its customers and through its partnerships, with amongst others Digital Turbine, who is a leader in ondevice app deployment and promotion, who Bango will work with to integrate new payment methods.

Whilst the Payments business is very well positioned, Bango has three powerful growth engines all working synergistically together. Going forward, we anticipate the accelerated growth in future years will come from Platform Licensing and Bango Audiences.

“For large aircraft going relatively long distances, when you look at all the available energy sources, and the ways to convert those sources into propulsion in a clean way, you quickly realise that hydrogen is really the only option you have,''

https://www.thetimes.co.uk/article/zeroavia-eyes-hydrogen-powered-flight-as-aviation-seeks-route-to-net-zero-kr72csj6q

cyber security stocks value to both business and individuals never been more important and will only grow globally. Kape's latest trading update reported sales of $230.5m and adjusted EBITDA of $77.0m – 'the revenue figure is materially ahead of previous guidance' ....broker has pre result target of 500p with a very likey upgrade of forecasts post results .

https://twitter.com/surprised_trade/status/1499653898499461123

either way, if anyone is investing or speculating or call it what you like in these uncertain times, current price at under 5p would seem to offer upside on all we know to date :-)

https://twitter.com/surprised_trade/status/1499332222150717440

re the Russia link Jolly, the russian contract of $3m was due to start second half of 2022,clearly this in doubt now and I'm looking into potential impact re sanctions but currently hard to determine level of revenue from Russia, unless anyone can throw some light on it.....it's a hard task to judge where the fall out from Russia will hit, ie. supply chains, sanctions and business in general pulling out of the country and the likely monetary cost...mwe is a global business with by far the majority of it's revenue away from Russia, so thats a blessing however, realistically any Russian link is a concern currently and pleased as I was with Shore on board as announced yesterday we have to be conscious of why the appointment now. Hopefully MWE can pick up additional business elswhere away from Russia to replace any contract losses that may occur as a result......our issues are nothing compared to the poor people of Ukraine

correction..broker target is 13p ...still looks like upside from 4.5p :-)

added to holding another 66121 shares, every little helps, close to oversold territory against a positive update from CEO today, ..broker targets remain 15p+...so risk to the upside

https://twitter.com/surprised_trade/status/1499332222150717440

a great step forward if the trials work, clearly got the attentionof the Teir 1 guys and with the previous statement re 5g development below and the global reach it could be a lucrative aspect....

'Sales of 5G and RFID antenna solutions, being our key growth engines in the antenna division, have overtaken, for the first time, our Fixed Broadband Wireless Application (FBWA) antenna sales. By far the majority of industry's investment in 5G is still to come and so the opportunity remains significant for us and we continue to be well placed with the antenna division being a key supplier to the major mobile network radio manufacturers."

"Looking ahead, we believe that the Company's clear focus on providing radio frequency solutions coupled to being diversified across several markets positions us well to continue to grow and expand through a mix of acquisition-led and organic growth.

indeed, somewhat of a pull back here !
Business is growing, cash position very decent as detailed below and new products coming onto market...Shore now on board as joint broker, personally I think about time a new broker was in place. Shore should be able to attract a new breed of investor and be more pro active than Allenby (who in my experience of them often appear to do the minimum required )..