OMG! Tuesday 1 June: Summary of last week’s newsletter

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The OMG newsletter recommends at least 15 companies each month, using the writers’ experience of small caps to give you a winning edge. Last week they wrote about NFT Investments and Tekmar Group. Read about these Opportunities 4 Material Gains!

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Mid-week  Tip  25th May

NFT Investments (Aquis :NFT)

A botched flotation strategy means that investors can buy shares in Aquis Stock Exchange-quoted company NFT Investments (LSE:NFT) for less than the cash in the bank. This is despite the fact that the founders of the highly successful Argo Blockchain (LSE: ARB) are involved. NFT Investments raised cash at 0.1p a share and 1p a share not long before floating and raising £35m at 5p a share. That meant that the cash per share on flotation was around 3.5p. Unsurprisingly, after an initial rush to buy pushed the shares to a premium the investors that bought at 1p a share were keen to lock in profit. The share price closed at a small discount on the first day of trading and has drifted downwards since then. The plan is for NFT Investments to invest in non-fungible tokens or NFTs. An NFT is a digital file with a unique and verified identity held on a digital ledger or blockchain. NFTs are not interchangeable. The tokens can be bought with cryptocurrency and resold. Ownership of NFTs can be tracked and they can be set up so that the original owner gets a cut of any subsequent sale. Buy up to 3.3p a share to gain exposure to the fast-growing, but risky, non-fungible tokens market.  

 

Results Preview 31sy May

Tekmar Group (AIM: TGP) have eased to 48p ahead of Tuesday’s Interims. There should also be (we speculate) beneficial news arising from an indirect client’s  complaint of  technical issues from TGPs underwater cable mounts causing  premature erosion on its newly acquired windfarm  and  so are seeking reimbursement. This uncertainty has however coincided with major shareholder Schroders dripping its share into the market and reducing its holding from 19% in January to a still substantial 16.7%. IF the later is a consequence of the former then it will take some time for the shares to reach stability. These Interims may be the low point of its Covid affected business cycle as the recent Trading Statement reported that orders fell to £10m from £15.9m but also that the enquiry book had increased 21% to £225m. It is the conversation of these enquires that will be the recovery driver. There is net cash of £3.6m and TGP are operating well within banking facilities Who knows why Schroders are selling but it may not be about the fundamentals.  Speculative

 

Reviews from 24th  May

 

Reviews

NEXS – 175p – Points to growth

SDG – 166p – Designer price

SUR – 79.5p – Compliance growth 

WJG – 235.5p – Build to rent progress

HDD – 39p – Signs of recovery

TRCS – 860p – Williams report

CER – 750p – Strong order book

RNWH – 670p – Infrastructure play

PHD – 73p – Cyber attack

BEG – 135.6p – Upgrade

MWE – 68p – 5G growth to come

SRC – 83.5p – Ahead of expectations

MMX – 7.3p – Regulatory approvals awaited

PCF – 24p – Chief executive resigns

KAPE – 330p – Order values up

 

Finally

The UK context remains the progress of Indian Covid and the likeliness for further easing, which is subject to the next two weeks of Covid numbers.

 

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