1 penny stock I’d buy today

first_img James J. McCombie | Wednesday, 31st March, 2021 | More on: SCE James J. McCombie owns shares of Surface Transforms. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares See all posts by James J. McCombie I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. 1 penny stock I’d buy todaycenter_img The high-calibre small-cap stock flying under the City’s radar Shares in Surface Transforms (LSE:SCE), a Cheshire, UK, based manufacturer of carbon-ceramic brake discs, trade at 75p. Being a small company with a market cap of £152m, with shares trading on London Stock Exchange’s AIM market for less than a pound, Surface Transforms can rightly be called a penny stock.Last March, Surface’s penny stock status was even more assured since it was trading at 16p. I have been a shareholder in Surface Transforms since 2018, and I have been delighted with the 388% price rise over the last 12 months. But, I am not cashing out now as I think there are more price gains to come.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Electric vehicles need brakesSurface’s brakes find use in high-performance vehicles, be they petrol or electric powered. Brake discs are one component that will not become redundant if the internal combustion engine disappears.Surface has been expanding its brake-disc production capacity from handling £4m worth of sales to circa £20m. The expanded capacity should be available in the second quarter of this year. Surface has raised £20m this year. The bulk of these funds will build revenue manufacturing capacity to approximately £35m per year in 2022. The rest will support the working capital requirements of ramping up to the £20m in expected sales per annum mark.This is not a build it, and they will come strategy. Surface has been steadily winning contracts to supply brake discs to car markers. An eighth manufacturing supply contract was signed in 2020. A ninth is in process. These will exhaust the capacity of a £35m sales per year facility by 2024 if things go to plan. Surface has a potential contract pipeline that would require something like a £75m facility in 2024, rising to close to £100m by 2026.Penny to pound stock?Surface Transforms reported revenue of £1.45m for the 2019 fiscal year. Eyeing revenues almost 100 times higher in six years is ambitious. Given the stepwise progression and the success achieved already in scaling up capacity, I think it is achievable. The potential demand is also there for the taking. A single highly profitable manufacturer dominates the high carbon-ceramic brake disc market. This manufacturer does ownership links with some carmakers. Surface is a credible alternative, and its position as an independent supplier strengthens its case for continuing to grab market share.But there are, of course, risks. The market-dominating supplier is powerful and may react aggressively to losing market share. Increasing manufacturing capacity, particularly towards the £100m revenue mark, requires capital. Existing shareholders have the risk of being diluted as funds are raised by issuing new shares. Returns can be gobbled up by interest payments on debt raised to pay for factory capacity.The coronavirus pandemic might leave lasting scars on the global car market, particularly the luxury segment. Surface’s broader ambitions do rely on the auto market being in fairly good health fairly soon. Increasing sales requires increasing working capital, so Surface will have to manage its cash flows closely when ramping up its output. Surface’s expansion to £35m worth of sales by 2024 at the earliest seems fairly assured. That would be enough for me to add Surface to my portfolio today. The potential for more growth makes me think this penny stock will be a bonafide pound one someday. Simply click below to discover how you can take advantage of this. Image source: Getty Images Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before!last_img read more


Both pro- and anti-government demonstrators threaten media

first_img Follow the news on Thailand ThailandAsia – Pacific Receive email alerts December 2, 2013 – Updated on January 20, 2016 Both pro- and anti-government demonstrators threaten media RSF_en August 21, 2020 Find out more Help by sharing this information Covid-19 emergency laws spell disaster for press freedom ThailandAsia – Pacific May 12, 2021 Find out more News Organisation The Thai Broadcast Journalists Association and the News Broadcasting Council of Thailand issued a joint statement condemning the demonstrations as anti-democratic and as a threat to media freedom. The statement nonetheless acknowledged that the wave of anti-government protests had received little coverage since they began.At the same time, the Bangkok-based Southeast Asian Press Alliance (SEAPA) warned that the opposition’s actions posed a threat to the independence of the media and journalists.Demonstrators nonetheless continued to target the media today. In the northern city of Chiang Mai, around 150 members of Rak Chiang Mai, a pro-government “Red Shirt” group, marched to the local Thai PBS branch and handed in a letter calling on it not to broadcast Suthep’s statements, which it said were illegal.Shortly before the march, a Rak Chiang Mai leader warned that the group’s members would set fire to any TV station continuing to Suthep’s statements.Thailand is ranked 135th out of 179 countries in the 2013 Reporters Without Borders press freedom index.Credit photo : The Nation Thai premier, UN rapporteurs asked to prevent journalists being returned to Myanmar Reporters Without Borders is very worried by the harassment of TV stations by both pro- and anti-government demonstrators.“It is clear from the latest events that the demonstrators have not heeded our appeals and the appeals of Thai journalists’ associations to respect the media’s work,” Reporters Without Borders said.“Targeting TV stations and forcing them to broadcast messages of any nature is unacceptable. This is a real threat to media freedom and independence. As the physical attack on a German freelance journalist on 25 November showed, events can easily get out of hand in the current fraught climate.” Reporters Without Borders added: “Everyone has a duty to guarantee a safe environment for all the media, including those that are not independent.”Anti-government demonstrators stormed into six TV stations yesterday demanding that their statements be broadcast on the air and telling the stations not to report government information. In the course of the morning, activists managed to seize control of the Bangkok headquarters of public broadcaster Thai PBS and at the same time get control of its news coverage.The anti-government protesters entered NBT and Channel 11 in Bangkok at around 11 am. All TV stations except state-owned NBT were forced to carry a statement by opposition leader Suthep Thaugsuban in a feed supplied by the opposition TV station Blue Sky.Under an accord with the demonstrators, Thai PBS broadcast the speech in a small window on its screen, and planned to provide equal time to government representatives.Blue Sky televised negotiations between Thai PBS and demonstrators in which an opposition representative said: “If you don’t follow our request, we will have to black out the station. We have to. That’s the only way. We can’t let it be any other way.” Suthep, for his part, said the TV stations had “cooperated” to relay the feed and had been “understanding.” News News to go further Red alert for green journalism – 10 environmental reporters killed in five years News June 12, 2020 Find out morelast_img read more


Van Oord’s Largest Hopper Dredger Busy in Mauritania

first_imgVan Oord is deepening and widening the access channel and turning basin of a large ore export facility in Nouadhibou, Mauritania.Two trailing suction hopper dredgers, one of which is owned by Van Oord, will be deployed for the dredging work.According to the company, Von Oord’s flagship HAM 318 is busy working in the area.It is the largest of this type of dredgers in Van Oord’s cutting-edge fleet. The vessel was extended by 52 meters to 228 meters at the COSCO shipyard in China in 2008. This increased its hopper capacity from 23,783 to 37,500 cubic meters.Mauritania is the second-largest exporter of iron ore on the African continent.The project supported by the European Investment Bank (EIB) and the African Development Bank (AfDB) consists in deepening and widening 25 km of the SNIM (Société nationale industrielle et minière) mineral terminal’s access channel.Thanks to the deeper and wider port access, ships with a capacity of up to 250,000 tonnes will be able to access the newly built berths.last_img read more