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Reiterate buy Concurrent Technologies #CNC says VectorVest. Significant growth potential as fundamentals continue to improve.
Colchester-based Concurrent Technologies Plc (CNC.L) develops and manufactures high-end embedded computer products for use in a wide range of high performance applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets. Using mainly Intel® processors, including the latest generation Intel® Core™ i7 processors, Intel® Xeon® and Intel® Atom™ processors, the Company offers a wide range of computer products which are designed to be compliant with industry specifications including those for products used in extremely harsh environments. Other processors now include NVIDIA® Tegra® K1 devices.
Examine this trading opportunity and a host of other similar stocks. A single payment of £5.95 gives access to the VectorVest Risk Free 30-day trial. More here
On September 12th 2018, CNC published interim results for the six months to 30 June 2018. Turnover rose slightly to £7.9m (H1 2017: £7.8m), PBT fell slightly to £1.1m (H1 2017: £1.4m) and EPS fell to 1.50 pence (H1 2017: 1.84 pence). The Company reported a cash balance (including cash deposits) at 30 June 2018 of £7.8m (H1 2017: £7.9m), and raised the interim dividend to 0.95p per share (H1 2017: 0.90p). CNC said its global customer base continues to expand with exports generating 88% of Group revenues (H1 2017: 84%), while Chairman Michael Collins said CNC’s specialised product ranges, processes and excellent customer relationships “all demonstrate that Concurrent Technologies is well placed for the future.” Separately, on October 8th 2018, CNC launched a new CompactPCI product featuring the latest 8th generation Intel® processor and designed to support existing customer base with enhanced security features.
VectorVest published an article on CNC in April 2018 (read here), where we noted that the nascent value within the company triggered an RV (Relative Value) charting move in December 2017, which has continued to build during Q1 2018 on the back of multiple product launches. RV is an indicator of long-term price appreciation potential where CNC still scores 1.19, which is good on a scale of 0.00 to 2.00. CNC also scores very good GRT (Earnings Growth Rate) of 19%, and while the RS (Relative Safety) metric only registers a fair rating of 0.87 (scale of 0.00 to 2.00), trading at 77p the stock still offers some upside against the current VectorVest valuation of 86p per share.
A weekly chart of CNC.L is shown above over a period of 5 years. Over this period the share price has made a series of rising lows where previous resistance has become support. Over the last few weeks the share price pulled back to the last old high made in 2016 and to important long-term support shown by the upsloping trend line on the chart. The share is currently on a hold recommendation on VectorVest. When this changes to a Buy, traders should carefully consider the opportunity. The technical target from classic charting techniques is over 100p.
We noted in our April note that CNC offered significant growth potential, following a raft of product launches during Q1 and an increase in FY dividend. While the group has delivered a relatively indifferent first half, comments from the Chairman, a further increase in the interim dividend and the recent new product launch indicate that there is more to come from this niche computer product manufacturer. We reiterate our view that CNC is a company in steady rather than spectacular growth mode, but nonetheless still offers significant growth potential.
Dr David Paul
October 24th 2018
Readers can examine trading opportunities on IGAS and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 30-day trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.
VectorVest Unisearch
On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.
Link here for more info and to set up a trial.
European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.com
Buy IGas Energy (IGAS.L) says VectorVest. The stock offers an attractive proposition for the adventurous investor.
IGas Energy (IGAS.L) is a leading British oil and gas explorer and developer, producing 2,500 barrels of oil equivalent per day from over 100 sites across the country. IGAS has played a key role in Britain’s onshore energy production; exploring, developing and producing onshore oil and gas at its various sites for over three decades. Management and technical teams have many years of experience in onshore energy production and most live and work in the communities in which the Company operates. IGAS is extremely well positioned for the future as the UK moves closer to unlocking Britain’s untapped unconventional oil and gas resource.
Examine this trading opportunity and a host of other similar stocks. A single payment of £5.95 gives access to the VectorVest Risk Free 30-day trial. More here
The VectorVest stock portfolio analysis and management platform flagged a series of positive metrics for IGAS over the summer of 2018. In particular, the RV (Relative Value) metric, (an indicator of long-term price appreciation potential) flagged a sharp move higher in June 2018, and today continues to log IGAS as excellent at 1.43 (on a scale of 0.00 to 2.00), along with an excellent GRT (Earnings Growth Rate) rating of 28%. The GRT metric reflects a company’s one to three year forecasted earnings growth rate in percent per year. The well-documented issues in the UK with shale gas and fracking are reflected in a fair RS (Relative Safety) rating of 0.91 (again on a scale of 0.00 to 2.00). Finally VectorVest records a valuation of 163p per share, indicating that at the current 113.75p the stock is undervalued.
A candlestick chart of IGAS.L over the last year is shown above. The VectorVest valuation is shown by the green line study in the same window as the share price. The share is currently trading within a ascending triangular formation which is regarded by technical analysts as one of the most bullish pattern in a chartists arsenal. The share is on a VectorVest Buy signal. The technical target from a break of the ascending triangle is similar to the VectorVest valuation.
Summary: Some investors may look at our IGAS recommendation and turn away on account of the controversy surrounding fracking and the development of the UK shale gas industry. That would be to ignore a growing, well-managed company that offers a decent spread of risk across a number of UK shale gas projects at various stages of development. From both a fundamental and technical (charting) standpoint, VectorVest rates IGAS as an attractive proposition for the adventurous investor. Buy.
Dr David Paul
October 24th 2018
Readers can examine trading opportunities on IGAS and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 30-day trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.
VectorVest Unisearch
On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.
Link here for more info and to set up a trial.
European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.com
VectorVest – Bottom Fishing Opportunities on the LSE via Core Finance
Nick Batsford, CEO of Core London is joined by David Paul, MD of VectorVest UK.
Mega oversold levels in both the UK and US markets presents a bottom fishing opportunity when the overall market prints a buy signal. This strategy is suitable for the more aggressive trader and should be approached cautiously. David Paul presents several shares that meet bottom fishing criteria for consideration.
Bloomsbury Publishing #BMY shares still attractive in run up to interim results, says VectorVest.
London based Bloomsbury Publishing Plc (BMY.L) is a leading independent publishing house established in 1986. It has companies in London, New York, Sydney and Delhi. It publishes media and electronic reference material, children books, fiction and non-fiction books, audiobooks, scholarly imprints, library of reference materials, educational books, dictionary and language books, literary, adult non-fiction books, academic books and journals, and sports yearbooks.
Examine this trading opportunity and a host of other similar stocks. A single payment of £5.95 gives access to the VectorVest Risk Free 30-day trial. More here
On July 18th 2018, BMY published trading results for the four months ended June 30th 2018. Total revenues rose 3.7% year on year (up 7.1% at constant currencies). Excluding the revenues of IB Tauris, which was acquired on 30 April 2018, revenues rose by 2.1% (up 5.5% at constant currencies). The Board stated that it believes Group performance for the current year will be in line with its expectations, adding that Q1 traditionally generates the smallest profit of the financial year. Further demonstrating the Group’s exceptional list of authors, The English Patient by Michael Ondaatje won the Golden Man Booker Prize, with Bloomsbury authors making up 40% of the Golden Man Booker Prize shortlist. Results for the six months ending 31 August 2018 will be announced on 23 October 2018.
VectorVest initially picked out BMY at 183p back in April this year, when the Harry Potter publisher logged an excellent GRT rating of 22%. Read that article here. Now at 16%, the BMY GRT is still on a very good rating at VectorVest, along with a very good RV (Relative Value) rating of 1.25 (scale of 0.00 to 2.00). It is important to note that BMY rose to hit and pass our then valuation of 219p, and has since sunk back to trade at 202p. Our valuation now stands at 220p, and offers a good RS (Relative Safety) rating of 1.19 (scale of 0.00 to 2.00). Trading at 202p the stock looks like a good investment opportunity ahead of the interim results announcement.
The chart of BMY.L is shown above using weekly candles over the past 2 ½ years. The move called by VectorVest from April 2018 has been followed by a pullback in what technical analysts refer to as a “flag” formation. This is a bullish pattern and a breakout of the flag should lead to a technical objective of around 270p.
Summary: In our April note, we stated how, despite the phenomenal success of Harry Potter, BMY is anything but a one trick pony. This highly resilient and investable company has seen immediate contributions to revenue growth from acquisitions this year, while its authors won and got shortlisted for prestigious awards over the summer. With decent revenue growth during an historically quiet quarter and a GRT still registering at 19%, VectorVest still rates the shares as attractive in the run up to the interim results.
Dr David Paul
October 17th 2018
Readers can examine trading opportunities on BMY and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 30-day trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.
VectorVest Unisearch
On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.
Link here for more info and to set up a trial.
European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.com
Four mistakes preventing consistent market gains – VectorVest
Four mistakes preventing consistent market gains. You may not even be aware that you make these mistakes but they can absolutely affect your investing outcome. Which of these mistakes has cost you the most? How Much? David Paul of VectorVest discusses on Core Finance. Join VectorVest at the London Investor Show this coming Friday, 19th October, Novotel London West at Stand E9.
Buy Gulf Keystone Petroleum #GKP says VectorVest. The stock value has doubled since their last note in March and continues to offer a decent investment proposition to investors with an appetite for risk.
Gulf Keystone Petroleum (GKP.L) is a leading independent operator and producer in the Kurdistan Region of Iraq and the operator of the Shaikan field with current production capacity of 40,000 barrels of oil per day. The Kurdistan Region of Iraq segment consists of the Shaikan, Ber Bahr blocks and the Erbil office, which provides support to the operations in Kurdistan. The UK segment provides geological, geophysical, engineering and corporate services to the Company.
Examine this trading opportunity and a host of other similar stocks. A single payment of £5.95 gives access to the VectorVest Risk Free 30-day trial. More here
On Sept 10th 2018, GKP announced its results for the half-year ended 30 June 2018. The Company said operations in the Kurdistan Region of Iraq remained safe and secure throughout H1 2018 with plant uptime at Production Facility 1 and Facility 2 of over 99% during H1 2018. The Shaikan field achieved gross average production of 31,861 bopd for H1 2018 and 31,399 bopd for July and August. Full year guidance remains unchanged at 27,000-32,000 bopd. As a result, GKP announced a record profit after tax of $26.7m (H1 2017: profit after tax of $0.7m). Continued disciplined cost control with underlying cash operating costs remain stable at $14.1m, and GKP has continued to receive regular oil sales payments since 1 Sept 2015, with cash receipts of $107m net to GKP during the half year and $147m net during the eight months to 31 Aug 2018. Net cash generated in operating activities doubled to $61.2m (H1 2017: $30.1m), and GKP recorded a cash balance of $219m at 30 June 2018 and $240m at 7 Sept 2018 against $100m debt principal following debt refinancing in July 2018. With construction work underway, GKP remains on track to increase production at Shaikan to 55,000 bopd in the second half of 2019.
In March 2018, taking into account the comparatively uncertain geopolitical picture and GKP’s region of operations, a series of positive VectorVest metric indicators were logged and highlighted, along with a buy note. The stock then traded at 130p, went on to hit and pass our then target of 179p, topping out at over 300p during summer 2018. Now trading at 250p, the stock logs an excellent RV (Relative Value) rating of 1.54 (scale of 0.00-2.00), but the uncertain geopolitical picture previously mentioned continues to weigh across the RS (Relative Safety) metric, where GKP scores a fair rating of 1.04 (scale of 0.00 to 2.00), and a poor Relative Timing (RT) (stock price trend) metric of 0.84, (again on a scale of 0.00 to 2.00). Despite this, trading at 250p, brave investors might still want to consider the stock as it is still considerably undervalued against a current VectorVest valuation of 412p per share.
The chart of GKP.L is shown above over the past year using daily candles. The green line study above the price is the VectorVest valuation while the blue line study in the window below the price is earnings per share (EPS). The latter is rising strongly. The share has sold off in recent days with the overall market and traders should wait until the share prints a VectorVest Buy signal before entering or adding to a position. Alternatively, traders should wait and buy a breakout of the 52 week high.
Summary: Most investors will have heard of Gulf Keystone Petroleum (GKP) because of some huge historical share price movements and a somewhat chequered history. We outlined the volatile and comparatively risky nature of GKP shares in our March note this year, but those that did take advantage will have seen their investment double in value since that time. The same conditions exist today, although production at Shaikan is increasing, and the company’s financial position has been transformed. VectorVest reiterates the point made in March: as a trading and investing instrument, GKP currently offers a decent proposition, while the excellent RV rating warrants a speculative buy rating for investors with an appetite for risk upon a breakout of the last high made on the last week of August 2018.
Dr David Paul
October 10th 2018
Readers can examine trading opportunities on GKP and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 30-day trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.
VectorVest Unisearch
On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.
Link here for more info and to set up a trial.
European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.com
Keep buying SciSys (SSY.L) says VectorVest. Notwithstanding the success of our call last year, fundamentals and charts continue to impress.
Keep buying SciSys (SSY.L) says VectorVest. Notwithstanding the success of our call last year, fundamentals and charts continue to impress.
SciSys Plc (SSY.L) is a leading developer of information and communications technology services, e-business, web and mobile applications, editorial newsroom solutions and advanced technology solutions. The Company operates in a broad spectrum of market sectors, including Media & Broadcast, Space, Government and Defence and Commercial sectors. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Thales Alenia Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, Radio France, RTL, RNLI, Pets at Home, Siemens and the National Trust. Employing around 580 staff, the Company has UK offices in Chippenham, Bristol, Leicester and Reading and German offices in Bochum, Dortmund, Darmstadt and Munich.
Examine this trading opportunity and a host of other similar stocks. A single payment of £5.95 gives access to the VectorVest Risk Free 30-day trial. More here
On September 20th 2018, SSY published interim results for the half year to 30 June 2018. In what Chairman Mike Love described as a “continued solid operational performance”, SSY secured key contract renewals and the Space division won a contract with Airbus to develop the global navigational EGNOS V3 ground segment. Half-year revenues grew 13% to £28.7m, with adjusted operating profit up to £2.5m (2017: £1.2m restated). During the period, net debt reduced to £3.3m (2017: net debt £9.0m), and with a half-year order book approaching £100m (2017: £64m) the board raised the dividend by 10% to 0.65p. Mike Love added that cash flow was healthy and the balance sheet was increasingly strong. “We expect our financial results to be more evenly spread over the year. The board also expects, based on current performance, to deliver further year-on-year growth for 2018.”
VectorVest identified SSY as an investment opportunity a year ago, and we published an article on November 15th, citing the growth story and positive reading across a range of indicators. Read that article here (http://www.branduk.net/buy-scisys-ssy-says-vectorvest-key-metrics-indicate-the-time-is-right-to-buy-into-this-growth-company/). The stock went on to hit and pass our then price target of 162p, but despite this outperformance, a host of positive readings continue to support an ongoing growth scenario for SSY today. The RV (Relative Value) metric, (an indicator of long-term price appreciation potential) logs SSY as excellent at 1.51 (on a scale of 0.00 to 2.00), along with an excellent GRT (Earnings Growth Rate) rating of 25%. VST Vector, the master indicator for ranking every stock in the VectorVest database, logs a very good rating of 1.28, (also on a scale of 0.00 to 2.00), and with a current value of 257p on offer, there is clear upside potential from the current 182p
The share of SSY.L is shown above with the share about to break above a 3-month high.
Summary: A scintillating interim results performance from SSY shows the diverse revenue opportunities open to the company, and also shows how much progress has been made since VectorVest first highlighted the company here last year. But as can be seen, debt is falling rapidly, a loss has turned to a profit, and SSY now sits with a huge forward order book. Notwithstanding the success of our SSY call last year, fundamentals and charts continue to impress. Keep buying.
Dr David Paul
September 26th 2018
Readers can examine trading opportunities on this and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 30-day trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.
VectorVest Unisearch
On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 30-day trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.
Link here for more info and to set up a trial.
European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.com
How to find swing trading opportunities. David Paul from VectorVest discusses on Core Finance
Precision Swing Trading is a proprietary swing trading technique to find shares with good fundamentals, on a good support level that are on a strong up trend.
Inside VectorVest you can find a search called Precision Swing Trading that allows you to find new swing trade opportunities each and every day.
David Paul shows you to trade shares such as Craneware (CRW.L), Macfarlane (MACF.L), GB Group (GBG.L) and Softcat (SCT.L)
Buy FairFX Group (FFX.L) says VectorVest. This innovative financial challenger brand offers a compelling investment opportunity right now.
FairFX Group Plc (FFX.L) is a leading challenger brand in banking and payments that disintermediates the incumbent banks with a superior user experience and low cost operating model. This enables personal and business customers to make easy, low-cost multi-currency payments in a broad range of currencies and across a range of FX products all via one integrated system. Banking and payment services to both personal and business customers are made through four channels: Currency Cards, Physical Currency, International Payments and Bank Accounts. The FairFX platform facilitates payments either direct to Bank Accounts or at 30 million merchants and over 1 million ATM’s in a broad range of countries globally via Mobile apps, the Internet, SMS, wire transfer and MasterCard/VISA debit cards.
Examine this trading opportunity and a host of other similar stocks. A single payment of £5.95 gives access to the VectorVest Risk Free 30-day trial. More here
On July 6th2018, FFX published a trading statement for the six-month period ended 30thJune 2018. The Company reported a strong first half of trading, with substantial growth and new products launched. Against this background, strong margins have been maintained and rationalisation of the supply chain is delivering results. Including contributions from newly acquired Cardone Banking and City Forex, FFX reported a 146% increase in turnover for the year on year period to £1.1bn (2017: £434.1 million), in line with management’s expectations. The strong first half gives the Board confidence that the Company will achieve market expectations for the full financial year. CEO Ian Strafford-Taylor said the fact that the substantial growth in turnover has been achieved without reduced margins “gives us great confidence for the prospects for 2018 and beyond.”
The impressive progress by FFX since Feb 2018 did not go unnoticed by VectorVest. A Relative Value flag (RV is an indicator of long-term price appreciation) had originally alerted members back as far as Sept 2017, as the level moved above 1. The FFX RV has remained well above 1 since that time, and today logs the stock at 1.71, which is both exceptional and excellent on a scale of 0.0 – 2.0. Other leading metrics on the VectorVest stock and portfolio management system include a GRT (Earnings Growth Rate) of 48%, again both exceptional and excellent, along with a good RS (Relative Safety) rating of 1.12, also on a scale of 0.0 – 2.0. Even so, trading today at 138p, FFX is still some way below the current VectorVest valuation of 183p.
The chart of FFX is shown above in my normal format. The green line study above the price is the VectorVest valuation while Earnings per share is reflected by the blue line study in the window below the price. Technically the share is trending higher but currently “coiling” within a symmetrical triangle. A breakout of the upper trendline defining the triangle should lead to a strong move upwards.
Summary: FFX already dominates what is a highly competitive space with its secure low cost, multi-currency payment solutions. Eagle eyed VectorVest members who spotted this opportunity back in September last year will already have seen their investment double in value, but as the fundamentals and charting configuration indicate today, there is a great deal more growth to come. FFX stated that H2 is about extracting efficiencies via scale, evolving banking products for SME’s and continuing to identify and maximise cross-selling opportunities. On the evidence presented today, this innovative financial services challenger brand will continue to deliver growth with this strategy, and in the opinion of VectorVest, offers a compelling investment opportunity right now. Buy.
Dr David Paul
September 26th 2018
Readers can examine trading opportunities on this and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 30-day trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.
VectorVest Unisearch
On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 30-day trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.
Link here for more info and to set up a trial.
European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.com
Buy Benchmark Holdings #BMK says VectorVest. There is every sign that the company is developing into a highly investible proposition.
UK based Benchmark Holdings (BMK.L) challenges the status quo in aquaculture. Since 2000, BMK has consistently worked to build a technology-rich platform in the areas of genetics, advanced nutrition, animal health and knowledge services, to serve its customers, helping them to improve yield and efficiency in a sustainable way. The Company has leading positions in its core markets and established R&D, manufacturing and distribution capabilities to serve all the major aquaculture markets. BMK operates in 27 countries globally and employs 950 people.
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On June 19th2018, BMK published interim results for the six months ended 31 March 2018. The Company reported a 91% increase in adjusted EBITDA to £6.3m on revenues 9% higher at £75.7m. An £8.2m loss for the same period last year turned into a £3.6m profit, driven by improved trading, a reduction in finance costs and a £9.2m tax credit resulting from a reduced deferred tax liability on intangibles from the acquisition of INVE. CEO Malcolm Pye said the results showed “good organic revenue growth and improving profitability on an adjusted basis, while we continue to invest in our pipeline of new products and infrastructure.” “The outlook for the Group is positive as the drivers for our business are stronger than ever before, with continued growth in aquaculture and increasing recognition from consumers, producers and regulators of the need for sustainable solutions to enable future growth.”Separately on Sept 10th2018 BMK announced the commencement of production of salmon eggs at its new land based breeding facility in Salten, Norway. The centre is the World’s most advanced egg facility, and increases Benchmark’s capacity by 75%.
Since the end of May 2018, BMK has consistently flagged a high Relative Value (RV) reading to VectorVest members. The RV metric is an indicator of long-term price appreciation potential, and even today continues to log BMK at 1.47, excellent on a scale of 0.0 – 2.0. Added to this the company logs a GRT (Earnings Growth Rate) of 32%, which also rates as excellent on the VectorVest stock and portfolio management system. Cautious investors may decide to look elsewhere given that BMK offers a ‘fair’ RS (Relative Safety) rating of 1.00, again on a scale of 0.00 to 2.00, but trading today at 62p, BMK still offers plenty of upside against a current VectorVest valuation of 81p.
The chart of BMK.L is shown above using weekly candlesticks. The share is undervalued and has recently broken upwards from a five-wave symmetrical triangle of two years duration. The first technical target from the triangle breakout is around 100p.
Summary: VectorVest has this week identified another niche sector operator, with leading positions in core aquaculture markets around the globe. This acquisitive operator has completed several notable acquisitions in the past few years, and significantly in the first half turned a loss into a profit on higher revenues. While the low RS metric may deter the more cautious investor, there is every sign that BMK is developing into a highly investible proposition given its global footprint, not to mention the opening of the World’s most advanced salmon egg facility and consequential increase in capacity. Coupled with the recent bullish charting signals, VectorVest recommends the stock as a buy
Dr David Paul
September 19th 2018
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European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.com