International science and technology consultancy and systems business Science Group (SAG) recently announced results for the 2023 calendar year showing further financial progress and emphasising that now, “for over a decade, Science Group has demonstrated a consistent operating track record, enhanced by a successful M&A programme”. However, a 400p offer price for the shares still doesn’t look to fairly reflect this, and there is suggested potential action afoot to seek to change that.
Shipping and energy markets services company Braemar (BMS) has issued a trading update commencing that it “is pleased to report that the group has achieved another strong performance, with revenue and underlying operating profit for FY24 in line with market expectations”. So how good is this news from a now up to 257p to buy the shares?
Kefi Gold & Copper (KEFI) has issued a General Meeting statement emphasising projects progress in Ethiopia and Saudi Arabia, with a clear roadmap and to report material milestones along the way.
Earlier this month “media investment analysis” company Ebiquity (EBQ) issued a trading update which included “adjusted EBIT is expected to have increased by 31.0% to £12.0 million (2022: £9.2 million), reflecting the impact of cost management and a slightly higher margin business mix” and that it “expect to continue to make further profitable progress this year supported by our transformation programme, continued cost management and our growing Digital Media Solutions business”. We suggest such performance is far from reflected in a 40p per share offer price, £54.5 million market cap, and that the shares are a Buy.
Materials technology company Zotefoams (ZTF) has announced its results for the 2023 calendar year headlined “Record profit alongside significant investment in our ReZorce recyclable packaging solution”. That sounds like further good news from a current 354p share price.
Industrial technology provider Nexteq (NXQ) has announced results for the 2023 calendar year emphasising “materially improved profitability and cash generation through focus on higher margin products” and “dividend of 3.3p per share proposed (2022: 3.0p per share) reflecting confidence in growth and strong cash generation”. What’s the financial detail from a current 153.5p share price?
We most recently wrote on gold producer from the Philippines Metals Exploration (MTL) towards the end of January, noting with the shares at a 2.8p offer price, approx. $75 million market cap, that the more than $10 million net debt reduction for even the latest quarter and the $19.9 million remaining net debt suggested value and a 4p+ near-term share price quite possible here.
Minimally-invasive water leak detection and remediation services company Water Intelligence (WATR) last month issued a trading update noting continued sales and profit growth despite the macroeconomic volatility and “2024 with momentum for growth”. With the shares though well down having been heading to above 500p a year ago, we consider them to offer strong value.
Bluebird Merchant Ventures (BMV) has announced the appointment of a Philippines-focussed environmental consultancy for the Environmental Impact Study of the Lobo high-grade gold mining opportunity within the Batangas project joint venture in the Philippines and that it looks forward to reporting the milestones as the work progresses.
Sensor technology and measurement systems company Transense Technologies (TRT) has announced results for its half-year ended 31st December 2023 and that “planned investment in sales and marketing activity at Translogik is opening new market channels” and “there is an increasing momentum of commercial enquiries and contracted business in SAWsense with high quality global customers”. Good news from a current 107p offer price for the shares?