2Apr 2017

Share Talk – Steve Shares 2nd April

Welcome to Steve Shares. This publication is an interactive weekly update on what’s happening over social media and the trending stocks that have made the news this week. I highlight and comment on the coming news and events in connection with the trending stocks. I provide a round up of Share Talks key company’s interviews over the last week. If you think that a certain share or a key news item should be reported on be in the next edition, let me know by contacting me my details are at the bottom of the page…

Please keep those ideas and suggestions coming if there is more you feel we can be doing to help you and your investment journey…

If there is a share, event or person on social media that you would like to spread the news about or say thanks to let me know and I will cover these in the next publication of Steve Shares.

Last Week

Last weeks Steve Shares was well followed and had a lot of messages in relation to TipTv and the Master Investors show. And myself and @conkers3 spoke about the shows up and coming and the master investors show was well attended. A big thank you for all who attended, and an especially big thank you for Jim Mellon @jimmhk who gave Peter Higgins @conkers3 a few moments of his time to speak and learn about his investing journey for Conkers Corner. I look forward to being able to spread the news on his Conkers Corner in up and coming editions of Steve Shares, as he is one of the most successful traders of our generation.

TipTV

This week and after recent events I have been asked to look towards a few higher FTSE listed company’s so today I have looked at an old favourite of mine and one that has been level within a set trading range but have by the look of it the basis to provide historic highs in their share price. The write up is below but as ever Watch here: http://www.share-talk.com/share-news/tiptv-stock-watch-greggs-petroneft-share-talk/

This weeks stocks…

Infinity Energy (INFT)

Early last week the buzz was all about Infinity Energy and after a lack of news flow over the last several months and subsequently a lack of trades and volume, the share price became very volatile with traders chasing the highs and the lows.. With the company having the news of a placing. The company said that this will provide the necessary funding to enable the company to press forward with their strategic goals. I have had several messages saying that the Chairman Gerwyn Williams will probably do a RTO of one of his other assets into the company and they hope that this news comes soon as they are currently sat on paper losses. I wish all share holders well and hope for success in the future.

Bushveld Minerals (BMN)

A flurry of news items this week for holders of Bushveld Minerals. From the initial news of the acquisition of BEE to the news of the completion of the financing for Vametco acquisition being complete share holders stood firm. However the Satisfaction of Conditions Precedent came after hours on Friday and was very well met being on the top of the risers board. Share holders asking where the share price could be by the end of the year made for interesting reading. Some saying that a 2000% rise could be possible by year end. Could this company do that from its current levels? That would make for an explosive rise since its very quiet 400% raise in the share price since the beginning of March, again one to put on the watch list…!

What company’s do you consider undervalued and news items that the market has missed…? Let me know and I will announce via the next issue of Steve Shares…

My thought of the week

I again wish to thank everyone who attended the master investors show this last weekend, it was good to network and open new working opportunities and to meet old and make new friends alike. The U.K. investors show is on Saturday the 1st April and is almost upon us and I hope to see new faces and old friends, Remember strangers are only friends we have yet to meet! I hope to see you there if you can make it.

Share Talk round up – Interviews and updates

Share Talk Presents an interview With Andrew Bell chairman of Red Rock Resources http://www.share-talk.com/share-news/andrew-bell-chairman-of-red-rock-resources-plc-aimrrr-interview/

Share Talk Presents an interview With Executive Chairman Gert Rieder and Non Executive Director Richard Baker from Falcon Media House http://www.share-talk.com/share-news/share-talk-speaks-to-falcon-media-house-lonfal-about-todays-commencement-of-trading/

Share Talk has Presented lots of other articles and can be found here http://www.share-talk.com/share-news

A SPECIAL MENTION

I wish Jeff Smith all of the best in his endeavours to successfully summit MT Everest I will keep an eye and follow him on the most unique of journeys. http://www.share-talk.com/share-news/5-more-sleeps-a-blog-by-jeff-smith-of-big-moose/

TipTv Stockwatch

Greggs (GRG)

Well the simplistic way to show the potential is by simply posting the summary from the RNS release, profits up, margins up, sales up, new direction now money making and their new healthy line section in profits with additional sales etc etc…

2016 Financial highlights
· Total sales up 7.0% to £894.2m (2015: £835.7m)
· Company-managed shop like-for-like sales* up 4.2% (2015: 4.7%)
· Operating profit excluding property profits** and exceptional items*** up 8.6% to £78.1m (2015: £71.9m)
· Pre-tax profit excluding exceptional items*** £80.3m (2015: £73.0m)
· Pre-tax profit £75.1m (2015: £73.0m)
· Strong cash generation enabling significant, self-funded capital investment to support growth
· Total ordinary dividend per share up 8.4% to 31.0p (2015: 28.6p)
* like-for-like sales in Company-managed shops (excluding franchises) with a calendar year’s trading history
** freehold property disposal gains of £2.2m in 2016 (2015: £1.2m)
*** exceptional pre-tax charge of £5.2m in 2016 (2015: £ nil)
Strategic progress
· Growing strength in the food-on-the-go market
· Further improvements to product range, including extended choice in hot drinks and hot food
· ‘Balanced Choice’ range of healthier options now accounts for over 10% of sales
· 208 shops refurbished – 92% of shop estate now transformed to food-on-the-go format
· 145 new shops opened, 79 closures (66 net openings); 1,764 shops trading at 31 December 2016
· Investment in upgraded operating systems progressing well – finance system implemented and shop replenishment successfully trialled
· £100m, five-year investment programme in manufacturing and distribution operations commenced
Current trading
· 2017 has started in line with our expectations
· Company-managed shop like-for-like sales up by 2.0% in 8 weeks to 25 February 2017
· Underlying (excluding New Year trading pattern) Company-managed shop like-for-like sales in weeks 2 to 8 up by 2.9%
“In 2016 we delivered another strong performance as we continued on our journey to transform Greggs from a traditional bakery business into a modern, attractive food-on-the-go retailer. Our product offer is evolving to meet the changing needs of our customers and our shop estate and service levels have benefited from significant investment.
“The UK consumer outlook is more challenging than we have seen in recent years, with industry-wide pressures emerging in commodities as well as labour costs. However we are confident of making further progress as we implement our plan to grow Greggs as a contemporary food-on-the-go brand.”

What is not to like?

Petroneft (PTR)

Mentioned on Tiptv to highlight the 100% payment that is still in place for the company from the Indian Government as announced on Friday morning, LONDON (Alliance News) – PetroNeft Resources said it had reached an agreement with its partner in Russia over the work programme, mainly deferring development after disappointing results last year. In 2016, the 10 kilometre step-out S-374 well at the Sibkrayevskoye field delivered a poor result. However they have announced an additional delineation well, S-375, before commencing the full development of the field. The S-375 well will be drilled on the northern structural lobe of the field approximately 2 kilometres south of existing wells that contained approximately 10 metres of net pay.

The drill is due in the second quarter of 2017 and completed in the Third quarter.

“If successful, it is expected to lead to the development of the Sibkrayevskoye oil field in 2018. Work has commenced to construct the pad for the S-375 well and rig mobilisation is almost complete,”.

Oil India has already approved the provision of all the necessary finance for the first phase of development up to USD25.0 million, which remains in place. Oil India will fund the new well on its own through a “shareholder loan”.

Winter test production of the S-373 well thus far in 2017 has been as expected flowing around 200 barrels per day with no water or noticeable decline from the 2016 winter test production.

Somewhat de risked is this the next Aminex type play?

Let me know what should be in next weeks article and I will report on the shares that matter to you…

Email – Steve@share-talk.com Twitter – @slarratt1 Tel – +44 (0)7963777475

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