Small Cap Report - CUP, IND, RGO, ACL, HVN

Friday, Nov 30 2012 by

I see that online dating group, Cupid (LON:CUP) has called a general meeting to authorise buying back 10% of its own shares - a good sign. I really must find some room in my portfolio for Cupid, I've liked the company for a long time, and it is fairly rare in providing both strong growth and a low valuation (fwd PER is only 9). I suppose that's saying the market is unsure whether growth is sustainable, otherwise the rating would be much higher. There is also the issue that Cupid's FD cashed in £1.2m of share options recently at 202p, which has dented confidence. The price is now 180p.

My friend "MrContrarian" has just Tweeted about a new free web page he's created which sorts & highlights the morning's RNSs. I've had a quick look, and it looks excellent, and I'll be using it from now on to help me home in on the most interesting results & announcements (which are highlighted in yellow). Check it out here;

Indigovision (LON:IND) dividends totalling 75p should be paid today. Amazing to think that I paid about half that for my original shares about 7 or 8 years ago. Reinforces my opinion that to make the really big gains from a share (hundreds or thousands of percent gains) you need to take a 5 year+ view.

The company have decided against talking to private shareholders openly, as bulletin board postings have damaged the business - competitors have abused them in competitive pitches. So I'm not able to report back in detail on my latest chat with the company. However, my general impression is very positive - the company's strategy seems absolutely spot-on to me, and with new management in place for almost a year now, many improvements have been made across all aspects of the business.

Management are fully aware that they need to get on with it & deliver growth now, and I think there's a good chance that will happen. It's all about delivery now, they've got the product right & resolved all other issues. Customers,  integrators, and employees are all happy, so should be all systems go hopefully.

2Ergo (RGO) shares have been…

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IDE Group Holdings PLC, formerly Coretx Holdings PLC, is a United Kingdom-based specialist managed service provider. The Company provides a broad portfolio of information technology (IT) services and technology solutions. Its services include cloud and hosting, network and connectivity, collaboration, cyber-security, managed services and device management. Its cloud and hosting services include co-location, private cloud, public cloud, hybrid cloud and cloud migration. Network and connectivity services include multiprotocol label switching (MPLS) network, cloud connectivity and wireless. Collaboration services include hosted telephony and unified communications. Cyber security services include security operations center, endpoint and threat protection. Managed services include remote monitoring, systems management and engineer field services. Device management services include procurement, build, deploy, manage, refresh, redeploy and retire. more »

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IndigoVision Group plc is a United Kingdom-based company engaged in the design, development, manufacture and sale of networked video security systems. The Company's segments include Europe, the Middle East and Africa; North America; Latin America, and Asia Pacific. Its cameras, encoders, network video recorders and software are designed both internally and with technology partners and manufactured in Asia and Europe. The Company's end to end Internet protocol (IP) video security systems allow full motion video to be transmitted around the world, in real time, with digital quality and security, over local or other area networks, wireless links or the Internet, using market compression technology to minimize the usage of network bandwidth. Its subsidiaries include IndigoVision Limited and IndigoVision Pte Ltd, which are engaged in marketing of its products, and IndigoVision Solucoes De Seguranca Eletronica Ltda., which is engaged in product repair and warehousing, among others. more »

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MXC Capital Limited is a Guernsey-based merchant bank. The Company is engaged in investing in technology companies. The Company is a permanent capital vehicle that is responsible for its strategy, capital raising and investment decisions, as well as the supervision of its London-based merchant banking activities. The Company's segments include Capital Markets segment, Advisory segment and Central. The Capital Markets segment includes the Company's corporate finance and related services division. The Advisory segment includes the Company's advisory and consultancy division, responsible for originating and advising on investment opportunities and providing operational and strategic guidance to clients. The Central segment includes the provision of merchant banking services, including the management of the Company's investments. It focuses on investing in managed services, government and public sector, Internet of Things (IOT), robotics, security and Internet service providers (ISPs). more »

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  Is LON:IDE fundamentally strong or weak? Find out More »

2 Comments on this Article show/hide all

shanklin100 30th Nov '12 1 of 2

Paul, re HVN, the debt is only there because they keep rapidly increasing their revenue with a resultant increase in working capital requirements. As in the past, I am sure they will manage this right down in due course.

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Paul Scott 30th Nov '12 2 of 2

In reply to post #69608

Hi shanklin, noted. Many thanks, Paul.

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About Paul Scott

Paul Scott

I trained as an accountant with a Top 5 firm, but that was so boring that I spent too much time in the 1990s being a disco bunny, and busting moves on the dancefloor, and chilling out with mates back at either my house or theirs, and having a lot of fun!Then spent 8 years as FD for a ladieswear retail chain called "Pilot", leaving on great terms in 2002 - having been a key player in growing the business 10 fold. If the truth be told, I partied pretty hard at the weekends too, so bank reconciliations on Monday mornings were more luck than judgement!! But they were always correct.I got bored with that and decided to become a professional small caps investor in 2002. I made millions, but got too cocky, and lost the lot in 2008, due to excessive gearing. A miserable, wilderness period occurred from 2008-2012.Since then, the sun has begun to shine again! I am now utterly briliant again, and immerse myself in small caps, and am a walking encyclopedia on the subject. I love writing a daily report for on most weekday mornings, constantly researching daily results & trading updates for small caps. Cheese! more »


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