Author stories Proactiveinvestors Author stories RSS feed en Thu, 23 Mar 2017 00:19:59 +0000 Genera CMS (Proactiveinvestors) (Proactiveinvestors) cloudBuy emerges from tough year with keener focus on revenue generation Wed, 22 Mar 2017 13:52:00 +0000 Berendsen has tough years ahead to make up for period of under-investment Wed, 22 Mar 2017 12:28:00 +0000 Rare Earth Minerals PLC flags lithium move by Auroch Minerals Wed, 22 Mar 2017 11:45:00 +0000 Stratex receives lift from affiliate's drilling results at Egyptian gold prospect Wed, 22 Mar 2017 08:54:00 +0000 cloudBuy's motto to be "show me the money" as it jettisons under-performing projects Wed, 22 Mar 2017 08:21:00 +0000 Cello set for active 2017 as it looks to achieve critical mass in the USA Wed, 22 Mar 2017 15:27:00 +0000 Bezant raises funds as it targets first production in first half Tue, 21 Mar 2017 15:50:00 +0000 Stratmin moves step closer to reverse takeover of Signature Gold Tue, 21 Mar 2017 12:50:00 +0000 accesso going global with best-in-class technology Tue, 21 Mar 2017 19:00:00 +0000 Market warms to Strategic Minerals' diversification Wed, 22 Mar 2017 09:00:00 +0000 Seeing Machines Ltd keeps the jewels in its crown A change of strategy is afoot at Seeing Machines Ltd (LON:SEE), and it is raising £17mln to put that strategy into action.

Lorne Daniel, an analyst with City firm finnCap, explains the company had originally planned to spin off its driver monitoring technology for the automotive industry.

Now, it plans to go it alone, rather than selling its FOVIO unit to venture capitalists (VC).

The VC backers wanted too much of the intellectual property (IP) behind Seeing Machines’ technology transferred over to FOVIO, Daniel suggested.

“Following the discussions, the VC funds really wanted a lot of the IP transferred from the Seeing Machines group into FOVIO, and Seeing Machines would have gone forward with simply a licence to deal with all the other industries that require this technology: the airline industry; consumer electronics industry; the rail industry and the after-market for vehicles,” Daniel told Proactive Investors.

Existing shareholders were unhappy at the thought of giving away the jewels in the company’s crown and were prepared to back Seeing Machines’ plans to commercialise the technology in the automotive industry.

Daniel thinks the £17mln will be enough to tide the company over for the next two years, after which, with a number of business lines coming to fruition, the company should be self-funding.

As for the opportunity for Seeing Machines in the automotive industry, Daniel said all of the major manufacturers are looking at installing this sort of driver-monitoring technology into their vehicles, and Seeing Machines “has a very capable and proven device for this market”.

Such a lucrative market may attract competition, but Seeing Machines’ technology, which started out being used down under in the Aussie mining industry, has been used in some of the harshest conditions in the world and passed with flying colours. 

Daniel believes the company is well-placed to grab a significant share of this market.

Tue, 13 Dec 2016 13:37:00 +0000
AFC Energy PLC to play its part in the Northern Powerhouse initiative AFC Energy plc (LON:AFC) is to collaborate with Peel Environmental to assess the feasibility of siting a fuel cell project at the Protos industrial park near Ellesmere Port, Cheshire.
Chief executive officer Adam Bond said a lot of the opportunities the company has looked at over the years have been overseas, but it is a UK-based company, and this agreement represents a chance for the company to play its part in diversifying the energy mix in the UK.
“The opportunity to position ourselves with a partner of the calibre of Peel, of the prominence of Peel in the north of England, particularly in supporting the British government’s ‘northern powerhouse’ initiative, was something we were very keen to pursue,” Bond told Proactive Investors.
Bond has been down to the Protos industrial park to have a gander, and size up the potential industrial off-take customers in the region. Importantly, for the company and its alkaline fuel cell technology, there are plentiful sources of hydrogen that AFC can potentially tap into.
If it all goes ahead, it will be a landmark project, and one of the largest of its type in the world.
“We’re looking to complete the scoping of the opportunity in the next few months. It will go into 2017, but hopefully not too far,” Bond said.
Bond also commented on the major milestone earlier this month, when the company completed Generation 2 of its breakthrough KORE fuel cell system, which has extended the stack life and increased the time the system is able to generate power.
Back at the time of the announcement, on 14 November, the system has clocked up 720 hours of power generation and it has now made it past the 1,000 hours mark.
Bond also highlighted the importance of the system now being able to accept lower-grade hydrogen, which will save both time and money.
AFC’s ultimate objective has always been to take the hydrogen straight from the supplier and run it straight through its fuel cells without having to clean it up, and it now believes it is able to do this.

Wed, 30 Nov 2016 14:43:00 +0000
Keliber Oy financed through to completion of lithium project DFS Pertti Lamberg, chief executive officer (CEO) of Keliber Oy, tells Proactive Investors the company has more than 5mln tonnes of lithium in six different deposits at its project located in central Finland, according to the maiden mineral resource report.
The company completed a pre-feasibility study earlier this year and are working on a definitive feasibility study (DFS), calculating the development and extraction costs. Happily, the project looks like it will be “very profitable and successful,” the Keliber CEO said.
The DFS should be done and dusted by the end of the second quarter of next year. The company is financed through to the conclusion of the DFS, but as is usually the case with small companies, it will be looking for fresh financing thereafter.
“We are a small company,” Lamberg revealed. There are just nine in the team, but they are all mining veterans with a lot of technical expertise; the chief operating officer, for instance, has been working on this project for ten years.
Appropriately enough for a company that is extracting a mineral that is used extensively in green energy, Keliber is taking extra care to factor in environmental issues into its mine development plan.
“So, for example, we are [going to be] using soda leaching in the extraction stage when most companies would use sulphuric acid,” Lamberg said.
“Our tailings, our by-products, can be used in water purification,” he added. The company is seeking to reduce the environmental footprint of its tailings management area as much as possible, while it has taken advice from nature experts to build ponds for moor frogs and nests for golden eagles as part of its commitment to look after local wildlife as much as possible.
The company expects to start producing in by the end of 2019, and is targeting 9,000 tonnes of lithium carbonate per year.
“Obviously there is going to be a ramp-up stage. It’s a lengthy process … and a big investment, and there are a lot of challenges in there,” the CEO conceded, but he predicted that within a year of starting production the mine would be producing at full whack.

Wed, 30 Nov 2016 10:13:00 +0000
Nickel One Resources Inc excited about new Finnish purchase Nickel One Resources Inc (CVE:NNN) is a Canada-based exploration company with two nickel discoveries: the Tyko nickel/copper/platinum group elements (PGE) property in in North-western Ontario and the other is in Finland. As president and chief executive officer Vance Loeber explains to Proactive Investors, the Finnish asset has just been purchased – on Tuesday, in fact.

“We’ve just completed our due diligence on the project and we’re going to Helsinki on Thursday,” Loeber revealed in some truly hot-off-the-presses news.

The Nickel One team is very excited about the project.

“First of all, the geology is world class. It’s a very under-explored country; very few juniors [early stage mining companies] in there,” Loeber noted.

He also praised Finnish mining law, which is very strict, but very clear.

“It’s been voted the number one mining jurisdiction on the planet,” Loeber said.

The Finnish property has already had just over US$10mln spent on it, Loeber revealed. The previous owners viewed it as a bulk tonnage project, but Nickel One plans to re-engineer the existing data, reducing the amount it will extract by focusing on the higher grade material, though it will still be targeting around 12mln tonnes, probably at “somewhere in the neighbourhood of 1.8/1.9 grams [per tonne]”.

The Canadian company also plans to do some more exploration before drilling and hopefully boost the size of the asset and boost the grade.

As Loeber points out, the experienced management team has form when it comes to this sort of thing; junior miner followers might remember Loeber and company chairman Abraham Drost from their time with Sandspring Resources, which successfully developed the Toroparu gold deposit in British Guyana to almost 10mln ounces.

“To put it simply, my guys have found mines; they’ve financed mines; they’ve built mines and most importantly, they’ve sold mines,” Loeber said of his “world class team”.

As for the Tyko property in Ontario, the company has two deposits there but has not yet done enough drilling to assign tonnage estimates to it, “but we’ve got mining-width ore grade intercepts on the level of approximately 10 to 12 metres of over 1% nickel”, Loeber informed Proactive.

There’s also copper and PGEs in there, all near surface, and the infrastructure is all that a mining company could want.

Finally, Loeber gives his view on nickel prices, which have come off a multi-year low, and notes that nickel supplies “are actually in deficit for the first time in the last six years”.

The important thing is, according to Loeber, is that there are customers out there “that are hungry for the kind of ore we are developing”.

Wed, 30 Nov 2016 10:09:00 +0000
BOS GLOBAL's work patterns platform to be "more viral than the use of Facebook" Michael Travia, managing director of recently-listed technology firm BOS GLOBAL HOLDINGS Limited (LON:BOS), tells Proactive Investors what the company is all about.
In a word, it is: efficiency.
The company’s “platform-as-a-service” helps companies do things better, and that translates into a boost for the bottom line, Travia explains.
Interestingly, this is not a case of the cobbler’s children having no shoes; BOS’s first and most important client was itself, and Travia said that “as a pre-revenue organisation going into revenue next month, we have been able to produce more, with less cash, and get there faster”.
The crux of its offering is collecting and sharing information, and in the process “turning it into knowledge”, which can be profitably shared to enable fact-based decisions to be made more quickly.
The company recently signed a transformational deal with Ag-I Solutions, a software development and licensing business headquartered in Hong Kong, that will enable BOS to re-bade some Ag-I products, paving the way for the release of BOS’s BOS360 Work Patterns platform.
Travia is confident businesses will be introduced in its platform, and the bigger the business, the more efficiency savings its platforms will deliver, all for a small investment.
Better still, none of Travia’s vastly experienced team has ever come across “anything that comes close” to what the BOS360 platform offers, and it’s all protected by a patent.
“On that basis we are very confident that, with time, we will become globally recognised as a true provider of a work pattern, and you only need to work out how many workers there are in the world to work out what that would mean for GOS GLOBAL in its global ambitions,” Travia said.
BOS’s ambition is “to own this space worldwide”. Travia predicts it will be more viral than the use of Facebook.
So, while BOS’s model is to provide the licences to its distribution channel partner, and they will handle the implementation side, much of the marketing should be done by word-of-mouth.

Mon, 28 Nov 2016 15:29:00 +0000
"Buckle up", is the advice from BGC It's going to be a bumpy ride for markets following Donald Trump's victory in the US presidential election.
“The game is changing. No doubt about it,” reckons Mike Ingram, market strategist at brokers BGC.
“You need to stay on your toes. I do think there is going to be more volatility out there,” Ingram predicted in an interview with Proactive Investors.
“We’ve been in a monetary methadone-induced stupor,” Ingram said, but Donald Trump’s victory in the US presidential election has dialled the uncertainty factor up to 11.

Wed, 09 Nov 2016 12:50:00 +0000
Lloyds Banking Group: If life’s tough now it will get tougher post-Brexit, says analyst Richard Hunter, head of research at Wilson King Investment Management, sees Lloyds Banking Group (LON:LLOY) as a “proxy for post-Brexit Britain” – and he’s pretty pessimistic on the outlook for the lender.

“There has been a limited impact on actual numbers [of Brexit],” Hunter said in the wake of third-quarter results.

“The impact has been more on sentiment for Lloyds, but we may well see the going get tougher.”

Earlier Lloyds said it set aside another billion quid to cover potential pay-outs relating to the payment protection (PPI) insurance mis-selling scandal.

The PPI provision reduced reported profit before tax to £811mln in the third quarter from £958mln in the same period of last year.

Underlying profit, which excludes the PPI provision and other one-off items, eased to £1.91bn from £1.97bn the year before.

Net interest income held steady at £2.85bn versus £2.86bn the previous year.

“It is the hardest hit of the UK banks [by PPI]. One would hope they are absolutely correct that this will represent the final provision.”

Wed, 26 Oct 2016 15:02:00 +0100
Frontera Resources, the great hope of the Bombed-Out but Bouncing Back portfolio Wed, 22 Mar 2017 11:24:00 +0000 Proactive Investors' "Dividends Don't Lie" stock filter off to a fast start Mon, 06 Mar 2017 13:37:00 +0000 Bombed out but bouncing back- a virtual portfolio of recovery stocks Tue, 07 Mar 2017 13:25:00 +0000 Pristine Agriterra the pick of the bombed-out bunch Wed, 15 Mar 2017 13:16:00 +0000 Dividends don't lie ... but which stocks might be fibbing? Thu, 23 Feb 2017 13:48:00 +0000 Do dividends still not lie? (A word to the Weiss) Fri, 17 Feb 2017 13:32:00 +0000 Cineworld Group PLC shares are just the ticket for HSBC Cineworld Group PLC (LON:CINE) shares are just the ticket for HSBC, which has initiated coverage on the cinemas group.

HSBC’s price target implies the price could advance around 30% from the current level of 543.5p.

Analyst Ali Naqvi described the UK business as a ‘cash cow’ able to deliver £100mln of underlying earnings a year.

He also lauded the business’s defensive qualities, given its ability to continue almost untroubled in times of economic uncertainty.

Increasingly, long-term holders are looking for this type of investment as counter-weight to the more cyclicals stocks held in portfolios.

Credit Suisse is becoming increasingly concerned about fashion firm Next Plc’s (LON:NXT) ability to maintain its margins.

Operating expenditure is rising and, reflecting sterling’s post-Brexit vote plunge, input costs are on the rise, meaning Next will struggle to pass on higher costs.

On top of that, Next Brand sales are “looking increasingly mature”, and Credit Suisse (CS) reckons Next’s underlying earnings (EBIT) margins will have peaked at an industry high of 20% in 2015/16.

“Deteriorating sales growth for Directory (3Q 0%) implies that the only sources of sales growth for Directory are lower margin Label and International,” CS said, as it downgraded the stock to ‘under-perform’ from ‘neutral’.

The target price has been cut to 4,600p from 4,950p.

A bullish note from US heavyweight broker Citigroup sent Shire Plc (LON:SHP) to the top of the FTSE 100.

Brushing aside a mixed reaction to its third quarter results earlier in the week, the broker says relative to others in its sector Shire is compelling value.

The worries were sparked by a disappointing sales performance from new subsidiary Baxalta’s haematology drug portfolio, but any concerns here are now well in the price, said analyst Peter Verdult.

Suggestions that haematology revenues may drop by 10% from 2018 are wide of the mark, he reckons, given the volume growth, pipeline and potential safety issues for Roche’s new haemophilia rival ACE910.

Verdult says Shire offers potential earnings growth of 19% over the next five years on an earnings multiple of less than ten, while on a cash flow multiple basis the implied price is 7,000p, versus this morning’s price of 4,538p.

Morgan Stanley has upgraded defence firm BAE Systems PLC (LON:BA.) to ‘overweight’. Partly this is a response to an expected boost from overseas earnings, now that sterling is in the doghouse, but it also sees “upside risk from tank opportunities”, while concerns about Saudi Arabia and regulatory risks are overdone, in the US bank’s view.

Thu, 03 Nov 2016 11:41:00 +0000
William Hill worth a punt after better start to the second half Mon, 14 Nov 2016 12:37:00 +0000 Selectively breeding the Dogs of the Footsie Mon, 30 Jan 2017 13:59:00 +0000 Cry havoc and let loose the dogs of the Footsie Thu, 02 Feb 2017 13:53:00 +0000