Mr's Smallcap Sweeps for March 2018

[MrContrarian]

Smallcap Sweep. 01-Mar-18

Koovs needs a new script writer, I've seen all these jokes before. One still made me laugh though.

Carpetshite (CPR) now guides small underlying pre-tax loss in FY. "The Group is therefore proactively engaged in constructive discussions with its bank lenders in order to ensure it continues to comply with the terms of its prevailing bank facilities. The bank lenders have indicated that they currently remain fully supportive." Two words in there to make it sound better than it is. Also examining "a range of options to accelerate the turnaround of the business and strengthen its balance sheet."
Tandem (TND) FY trading. Rev down 4% but net profit expected to be significantly up. Toys'r'us bankruptcy: Tandem had stopped selling to them so no bad debt but "this has and will continue to have an adverse impact on revenue." 2018 trading more challenging. High levels of stock some of national retailers expected to have a negative impact. Rev to date and order book are currently down.
Plastics Capital (PLA) Curse of H2 weighting. H2 'very strong' but not enough. Bearings bearing down on group. Guides rev and adjusted EBITDA marginally below current market expectations
K3 Capital Group (K3C) FY trading is substantially ahead of management's expectations, guides rev £16m, EBITDA £7m.
Mi-Pay Group (MPAY) £260k placing at 12.5p, a 13% premium. Board musical chairs - chmn, CEO, CFO rotate. Trading in line.
Indigovision Group (IND) FY rev as guided, adj EPS -29.6c (+9c) 'before deferred tax'. Div passed. "It is expected that considerable progress in delivering the Group's strategy will be made in 2018 but this will not be reflected fully in it's operating results until 2019, consequently management is targeting to at least break even in the current year." Current trading encouraging.
Alpha Financial Markets Consulting (AFM) guides FY profits ahead of current market expectations.
Koovs (KOOV) Strategic Acceleration Plan up to £50m of further investment will be required to fund the acceleration plan. Koovs "continues to be actively engaged in a dialogue with potential capital providers, whilst prudently managing cash resources until the first round of new financing has been closed and the next stage of major capital investment in the Koovs journey begins." Trading is crap -guides H2 sales down, FY rev £14.5m (£18.6m). EBITDA -£14.4m (-£19.6m). "There is a clear opportunity to capitalise on the platform that we have built to unlock superior shareholder value over the coming years." LOL.


Notes (do not rely on the data)
CPR: Price=77.8. Cap=53m. F/C for current FY*: EPS= 3.27, Prospective PE= 23.8, Revenue=NA.
Carpetright and its subsidiaries are retailer of floorcoverings and beds in UK and Rest of Europe.
TND: Price=91. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Tandem Group is a designer, developer, distributor and retailer of sports, leisure and mobility products. The company’s products include bicycles and accessories, fishing, football training, garden and camping, and Homewares and household appliances.
PLA: Price=120.6. Cap=48m. F/C for current FY*: EPS= 10.8, Prospective PE= 11.2, Revenue=NA.
Plastics Capital is a specialist plastics products manufacturer focused on proprietary products for niche markets. It has two reportable segments: Industrial and Films.
K3C: Price=232. Cap=98m. F/C for current FY*: EPS= 6.4, Prospective PE= 36.3, Revenue=NA.
K3 Capital Group provides business brokerage and corporate finance services to owners across the UK in the small cap marketplace.
MPAY: Price=11. Cap=4m. F/C for current FY*: EPS= -1, Prospective PE= -11.0, Revenue=NA.
Mi-Pay Group delivers outsourced online and related payment solutions to digital ecommerce clients in the mobile sector, enabling them to monetize their online proposition risk free.
IND: Price=124. Cap=9m. F/C for current FY*: EPS= -20.19, Prospective PE= -6.1, Revenue=NA.
IndigoVision Group along with its subsidiaries designs and manufactures video security systems for large scale and complex security installations.
AFM: Price=160. Cap=161m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Alpha Financial Markets Consulting is a provider of consulting and related services to clients in the asset and wealth management industries.
KOOV: Price=10.62. Cap=16m. F/C for current FY*: EPS= -14.31, Prospective PE= -0.7, Revenue=NA.
Koovs is an online fashion retailer. The company and its subsidiaries are engaged in supplying fashion garments and accessories for sale by a third party through a website in the Republic of India.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[dspp]

Moderator Message:
Time Marches on ...

[MrContrarian]

Smallcap Sweep. 02-Mar-18

Revolution Bars (RBG) H1 - 26 weeks to 30 December (why the change from 6 months to 31 Dec?). Rev up 11%, LFL up 0.4%, EPS -6.8p (FY17 Restated 8.5p). Adj EPS 9.4p (FY17 Restated 10.0p). LFL adjusted to remove the benefit of New Year's Eve trading 1.9%. Outlook positive but vague.
Gear4music (G4M) FY trading: rev up 43%. EBITDA in H2 will be up but "s a result of the investments we have made during the year into our customer proposition, infrastructure, staff, systems and marketing, we expect EBITDA for the full financial year ended 28 February 2018 to be in line with our FY17 result." Don't state if this is in line. F/C is for an 16% fall in adj EPS. Don't state if this is in line.


Notes (do not rely on the data)
RBG: Price=169.43. Cap=85m. F/C for current FY*: EPS= 14.67, Prospective PE= 11.5, Revenue=NA.
Revolution Bars Group is an operator of premium bars across the United Kingdom under the Revolution and Revolución de Cuba brands.
G4M: Price=642.55. Cap=144m. F/C for current FY*: EPS= 9.49, Prospective PE= 67.7, Revenue=NA.
Gear4music (Holdings) is engaged in the online retailing of musical instruments and equipment. The company sells its own-brand musical instruments and music equipment alongside with other brands.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 05-Mar-18

Zoo Digital (ZOO) guides FY adj EBITDA at least $2.3m, ahead of mkt exp.
Fusion Antibodies (FAB) FY trading: revenue slight miss but adj EBITDA broadly in-line with expectations, around breakeven, ue to the contribution of higher margin services.
MySale Group PLC (MYSL) H1 U/L EPS 2c (1.1c). Guides FY underlying EBITDA at least at the top end of market expectations.
Trinity Mirror (TNI) FY - no surprises. Name change to Reach plc "to reflect the larger business". The board rejected Vomit plc then?
Ergomed (ERGO) guides FY adj EBITDA before R&D approximately £0.6m lower than current market consensus of £6.0m "primarily due to foreign exchange losses arising from the translation of foreign currency denominated balance sheet assets and liabilities." Also "R&D expense is expected to be £0.3 million higher than current market consensus, primarily due to faster than anticipated completion of the PeproStat Phase II trial."


Notes (do not rely on the data)
ZOO: Price=72.6. Cap=55m. F/C for current FY*: EPS= 0.38, Prospective PE= 191.1, Revenue=NA.
Zoo Digital Group provides cloud-based media production services and software to creative organisations, predominantly in the entertainment industry. It offers localisation and access services for audio-visual materials.
FAB: Price=120.5. Cap=24m. F/C for current FY*: EPS= -3.75, Prospective PE= -32.1, Revenue=NA.
Fusion Antibodies is engaged in the research, development and manufacturing of recombinant proteins and antibodies, particularly in the areas of cancer and infectious diseases.
MYSL: Price=110. Cap=169m. F/C for current FY*: EPS= 1.42, Prospective PE= 77.5, Revenue=NA.
MySale Group operates an online retail and wholesale business selling men's, ladies and children's apparel, accessories, beauty and homeware items.
TNI: Price=77.28. Cap=211m. F/C for current FY*: EPS= 33.95, Prospective PE= 2.3, Revenue=NA.
Trinity Mirror operates as a newspaper content publisher. It prints and published news through its brands like as Daily Mirror, Sunday Mirror, and Sunday People across the United Kingdom.
ERGO: Price=190.5. Cap=87m. F/C for current FY*: EPS= 7, Prospective PE= 27.2, Revenue=NA.
Ergomed is engaged in providing services to the pharmaceutical industry and develops new drugs. The Company operates in two business divisions namely Services Business and Co-Development Business.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[jackdaww]

Smallcap Sweep. 05-Mar-18


Trinity Mirror (TNI) FY - no surprises. Name change to Reach plc "to reflect the larger business". The board rejected Vomit plc then?


@MrContrarian

hahaha

[Gengulphus]

Trinity Mirror (TNI) FY - no surprises. Name change to Reach plc "to reflect the larger business". The board rejected Vomit plc then?

Yes, in favour of Retch plc - but an over-enthusiastic spelling corrector got at it while they weren't paying attention! ;-)

Gengulphus

[jackdaww]

Trinity Mirror (TNI) FY - no surprises. Name change to Reach plc "to reflect the larger business". The board rejected Vomit plc then?

Yes, in favour of Retch plc - but an over-enthusiastic spelling corrector got at it while they weren't paying attention! ;-)

Gengulphus

----------------------

have another hahaha ...

[MrContrarian]

Smallcap Sweep. 06-Mar-18

Havelock Europa (HVE) CFO resigns, leaves April. Sounds amicable.
Zamano (ZMNO) will be suspended on 9 March as it hasn't completed an RTO. Cash return and poss RTO consideration continues. Any RTO will still give cash return option.


Notes (do not rely on the data)
HVE: Price=4. Cap=2m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Havelock Europa is an interior solutions provider operating in the Retail and Lifestyle, Corporate Services and Public sectors. Its services are provided to companies in accommodation, education, financial services, health, offices and retail sectors.
ZMNO: Price=4.34. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Zamano is a provider of mobile data services and technology in the United Kingdom, Ireland, Australia, and Eastern Europe. The company facilitates communication and interaction between businesses and consumers.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 07-Mar-18

Water Intelligence (WATR) placing at 195 (4% discount) for the acquisition of the Louisville, Kentucky franchise and working cap.
Tyman (TYMN) placing by bookbuild to fund the acquisition of Ashland Hardware.
Nature Group (NGR) in advanced discussions with a preferred bidder having reached agreement on indicative terms and pricing on firesale of O&G division to cut debt. Its lender will wait to end of April 2018.
MySQUAR Limited (MYSQ) The Bell of Doom rings as MYSQ turns to death spiral finance of £2.1m ostensibly to fund a potential acquisition or investment into a company that is developing mobile payment services. If it's for an acquisition why do theyneed the cash now?
Volvere (VLE) FY trading. Rev & preax up substatially due to Impetus Automotive. Shire Foods profit down - "we are investing in Shire so that we have the capability to grow. We expect revenues to increase in 2018 and with that, profitability, although this will depend on our ability to contain the effects of higher raw material and labour costs." NAV 656p (end H1 623p).
Palace Capital (PCA) increased interest rate hedges to 70% of drawn debt. Will inc av cost of debt from 2.9% to 3.4%.
Wandisco (WAND) Fusion will be sold as a standard component on Alibaba Cloud. WANdisco's first OEM agreement in China significantly expanding addressable market.
Mirada (MIRA) takes a secured one-year loan facility from a shareholder for up to £3m at 15%. FIFTEEN PERCENT! "The Directors are confident that as a result of its pipeline of potential new customer contracts and the expected revenues from its recently won contracts now being implemented, the Company's cashflow position will improve and it will be able to satisfy all debts as they fall due."


Notes (do not rely on the data)
WATR: Price=207. Cap=28m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Water Intelligence is a provider leak detection and remediation services. The Group intends to be a "one-stop" shop for solutions (including products) for residential, commercial and municipal customers.
TYMN: Price=294.66. Cap=525m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Tyman is a building materials manufacturer. It develops hardware components for doors and windows used in residential and commercial building environments.
NGR: Price=3. Cap=1m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Nature Group is a maritime and offshore waste collection and treatment company. It is engaged in treatment of waste liquids in onshore locations, supply of equipment for polluted waste water, offshore treatment modules.
MYSQ: Price=1.95. Cap=10m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MySQUAR is engaged in designing, developing and commercializing Myanmar- focused internet-based mobile services, mobile messaging applications including social networks, digital content, mobile gaming.
VLE: Price=949. Cap=42m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Volvere is an investment company which invests in undervalued and distressed businesses and securities as well as complementary businesses to the existing group.
PCA: Price=328. Cap=129m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Palace Capital is an investment company. The principal activity of the company is property investment, predominately in key regional towns and cities within the UK.
WAND: Price=790. Cap=321m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Wandisco provides collaboration software to software development industry. It offers Active Data Replication, a patented technology that enables replication of continuously changing data to the cloud and on-premises data centres; and WANdisco Fusion.
MIRA: Price=0.8. Cap=1m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Mirada is an audiovisual interaction technology company that creates products and manages services that enable consumers to interact with and access audiovisual digital content on television, companion devices and online.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 08-Mar-18

Countrywide (CWD) FY. Having sacked the CEO CWD discovers a sudden honesty: "2017 A DISAPPOINTING YEAR...Industry expertise in all areas of our business is key. Within Sales and Lettings, the previous strategy resulted in us losing a lot of that expertise". U/L EPS 8.4 (19.3). Div passed. Outlook: Pipeline significantly below that of 2017, taking steps to build back the pipeline "but this will take time". Guides H1 EBITDA down £10m, unlikely that the shortfall in the first half will be recovered.
Tern (TERN) There is life after death spiral! TERN terminates Convertible Unsecured Loan Note facility, raises £650k at 2.55p, a 15% disc. The SP was 5p when it announced the death spiral in Nov.
FIH Group (FIH) Guides FY pretax higher than previously anticipated, and materially ahead of 2017. Outlook for the following year remains generally positive.
Action Hotels (AHCG) Guides FY Revenue and adjusted EBITDA broadly in line with market expectations but pretax loss materially higher than expected at approx. -$12.2m "mainly due to not being able to capitalise some of the interest costs in the year ended 31 December 2017 as there were delays in two hotel openings, early repayment fees and a higher than forecast depreciation charge as valuations have increased." Will significantly reduce divs going fwd. Outlook: recent 2 months encouraging. LFL rev up 6%.


Notes (do not rely on the data)
CWD: Price=88.9. Cap=212m. F/C for current FY*: EPS= 13.9, Prospective PE= 6.4, Revenue=NA.
Countrywide along with its subsidiaries is an integrated, full service residential estate agency and property services group in the UK. It offers estate agency and lettings services, together with a range of complementary services.
TERN: Price=3.04. Cap=5m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Tern is an investment company which focuses on investing in quoted or unquoted technology companies to achieve capital growth.
FIH: Price=296. Cap=37m. F/C for current FY*: EPS= 14.6, Prospective PE= 20.3, Revenue=NA.
FIH Group is engaged in general trading in the Falkland Islands. It also operates a ferry across Portsmouth Harbour and provides international arts logistics and storage services.
AHCG: Price=20. Cap=30m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Action Hotels is a leading owner, developer and asset manager of branded three and four star hotels in the Middle East and Australia.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 09-Mar-18

The new Digital Gulags.

Renold (RNO) warns FY adj operating profit expected to be below previous expectations and slightly down YoY. Blames weak $, slow pace of passing on higher raw material costs in chain division.
RM2 International (RM2) sells building in Switzerland, gives enough cash to continue operating through [to?] mid-April. Still seeking funds from shareholders.
Clear Leisure (CLP) is sending miners to slave in Serbia: its blockchain mining JV's first data mining computers are ready to be shipped to Serbia. "A DCF valuation over a period of five years, assuming mining profitability, mining difficulty, Bitcoin price, projected hash power and miners typology, estimated cost of energy and an 8% discount rate, generates a current valuation of €389k." So they are forecasting the world's most volatile curency five year out AND the total number of Bitcoins existing (to get hash power). Truly modern day Nostradamuses.


Notes (do not rely on the data)
RNO: Price=44.6. Cap=101m. F/C for current FY*: EPS= 4.93, Prospective PE= 9.0, Revenue=NA.
Renold plc is an international group engaged in the manufacture of machinery related components, primarily conveyor chains and couplings. Its products are used in theme park rides, cement mills, agricultural machinery, and mining, among others.
RM2: Price=1. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
RM2 International SA along with its subsidiaries is engaged in manufacturing, selling and leasing of shipping pallets and providing related logistical services.
CLP: Price=0.75. Cap=3m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Clear Leisure is an investment company. Its activity includes creating a portfolio of companies within the leisure, entertainment, interactive media and financial services sectors.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 12-Mar-18

Escape Hunt (ESC) opens first UK site. Also will "further optimise its offering by developing higher quality and scaleable games alongside the rebranding...the consequential delays to the opening programme resulting from this strategic work and determined that the shift in the site opening plan to be well worthwhile."
City Natural Resources High Yield Trust (CYN) H1. NAV total return 16% in period, outperforming its benchmark index by 2.4%. "This outperformance was achieved despite holding some treasury stocks and cash to offset the Company's gearing, through its 3.5% Convertible Unsecured Loan Stock 2018, and to maintain net gearing below 25%". If you're 25% geared you'd expect to outperform! Does the 15% outperformance even reflect the gearing?
Albert Technologies (ALB) wins 'significant' contract worth $300k min from exisiting US customer. T/O $16.4m so is it really significant? You do expect to win contracts, right?


Notes (do not rely on the data)
ESC: Price=112. Cap=18m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Escape Hunt is the provider of live escape the room experiences. The escape room is a physical adventure game in which players are locked in a themed room and have to find clues and solve puzzles in order to escape against a countdown clock.
CYN: Price=120.4. Cap=81m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
ALB: Price=41.5. Cap=28m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Adgorithms provides solutions for online advertising using Artificial Intelligence (AI) technology through its own software, Albert across the channels of video, display, social, search and e-mail marketing on the platforms of desktop and mobile.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 13-Mar-18

Telit Communications (TCM) Mixed bag, mostly good. It has agreed a series of new and amended financial covenants. Will adopt "a conservative approach in the preparation of its results, and in particular with respect to the capitalisation of R&D expenditure...and a prudent level of provisions." Guides FY rev $374-376m and adjusted EBITDA in the region of $20-23m. Jan/Feb have been considerably stronger YoY and ahead of the Board's early expectations.
Minoan Group (MIN) An exclusivity agreement has been signed with the preferred buyer of the Travel & Leisure division. The Greek property market is finally showing signs of recovery . Also undertaking a small debt fundraising and issuing 1.3m shares at 6p (14% premium) which will enable it to meet its liabilities until the sale completes.
Servision (SEV) update re. suspension. Its principal trading co SerVision Limited may be saved. Likely that the operating subsidiaries (SerVision Limited and SerVision UK Limited) will be divested from the Company which would, as a result, becomea cash sheel and need refinancing. SO at best a big dilution.
Tasty (TAST) FY in line. "Market conditions have been increasingly challenging through 2017 and the Board's expectation is that there will be no improvement in this regard in 2018. "
French Connection (FCCN) FY rev up 0.5%, pretax -£2.3m (-£5.3m). Net cash £9.5m or 9.9p/sh (£13.5m). "Our goal has been to return the Group to profitability and I believe we are very close to achieving that aim."


Notes (do not rely on the data)
TCM: Price=169.2. Cap=221m. F/C for current FY*: EPS= 10.2, Prospective PE= 16.6, Revenue=NA.
Telit Communications operates in the field of the Internet of Things (IoT) and machine to machine (M2M) communications. It offers the industry's broadest portfolio of integrated products, platforms, and services.
MIN: Price=5.05. Cap=7m. F/C for current FY*: EPS= -0.5, Prospective PE= -10.1, Revenue=NA.
Minoan Group is a holding and management company. Through its subsidiaries, the company engages in the design, creation, development, and management of hotels and resorts, and in the operation of independent travel businesses.
SEV: Price=0.99. Cap=1m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Servision is engaged in the development and sale of video surveillance equipment. It has operations in UK, Europe, Middle East, North America and in Other parts of the World.
TAST: Price=12.02. Cap=2m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Tasty is engaged in the operation of restaurants under the brands DimTs, Wildwoods and Wildwood Kitchens across the UK.
FCCN: Price=34. Cap=32m. F/C for current FY*: EPS= -0.98, Prospective PE= -34.7, Revenue=NA.
French Connection Group is a retailer and wholesaler of fashion clothing and accessories which designs, produces and distributes branded fashion clothing for men and women.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 14-Mar-18

Somero (SOM) FY rev up 8%, adj EPS up 15% to 31c,a slight beat. FY div 15.5c up 40c + special div 3.6c. Bullish.
Petards Group (PEG) FY rev up only 2% as previously warned. Confident.
Alumasc Group (ALU) warns FY U/L pretax 15% below f/c. Blames slowdown in construction sector, recent weather.
Sportech (SPO) terminated sale process, warns on FY. Fills the vacant CEO position.
Flowtech Fluidpower (FLO) placing at 170, a 4% disc., to fund acquisition.
Corero Network Security (CNS) wins two orders for SmartWall worth $0.9m, about 10% of T/O.


Notes (do not rely on the data)
SOM: Price=360. Cap=200m. F/C for current FY*: EPS= 21.83, Prospective PE= 16.5, Revenue=NA.
Somero Enterprises provides advanced concrete placing solutions. It provides concrete-leveling equipment, training, education and support to its customers that help them in installing horizontal concrete floors faster, flatter and with few people.
PEG: Price=23.02. Cap=10m. F/C for current FY*: EPS= 1.41, Prospective PE= 16.3, Revenue=NA.
Petards Group is engaged in development, supply and maintenance of technologies used in security, surveillance and ruggedised electronic applications.
ALU: Price=169.4. Cap=59m. F/C for current FY*: EPS= 21.13, Prospective PE= 8.0, Revenue=NA.
Alumasc Group along with its subsidiaries is engaged in the design and supply of custom solar shading and architectural screening solutions mainly to commercial and public buildings in the UK and North America.
SPO: Price=78.8. Cap=144m. F/C for current FY*: EPS= 3.19, Prospective PE= 24.7, Revenue=NA.
Sportech is engaged in pools betting, both B2B & B2C, and supply of wagering technology solutions.
FLO: Price=177. Cap=92m. F/C for current FY*: EPS= 13.74, Prospective PE= 12.9, Revenue=NA.
Flowtech Fluidpower is a distributor of technical fluid power products. The Company supplies its fluid power products to distributors and resellers of industrial maintenance, repair and operations products.
CNS: Price=5.5. Cap=13m. F/C for current FY*: EPS= -2.24, Prospective PE= -2.5, Revenue=NA.
Corero Network Security is engaged in supply of security products and services to international customers and the supply of finance and management information software solutions to the UK education and commercial markets.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[westmoreland]

any opinion on sportech? the sale of the pools was for a price higher than the current market cap

[MrContrarian]

Smallcap Sweep. 15-Mar-18

PV Crystalox Solar (PVCS) FY pretax €12m (€1.7m). Op C/F -€1.2m (+€18.0m). Net cash €26.9m (€28.8m). Will "seek a buyer who would be willing to develop the silicon wafering operation. In parallel consultations will take place with the workers council in Germany to explore the merits of significantly restructuring the operation to focus on the cutting of non-silicon materials such as glass and quartz together with a continued focus on research and development activities...."Following receipt of the funds from the arbitration award mentioned above, the Group is expected to have a substantial net cash position. In the light of this the board intends to explore options for the future of the Company in order to maximise shareholder value. These may include a cash return to shareholders, the acquisition of an existing business or a combination of these alternatives...The Group expects soon to reach an understanding with the customer regarding the arbitration award." An understanding? Accept less?
LMS Capital (LMS) NAV 80p/sh (end Q3: 74p). LMS now focused on implementing the new investment policy and growing net asset value for shareholders.
1Spatial (SPA) Guides FY in line. "With the disposal of Enables IT* there is now laser focus on the Group's core Geospatial business." So they weren't operating it optimally before? Hate these tired cliches. * 1spatial PAYS £150k to get shot of Enables IT business even though adj EBITDA was £0.5m. "This Disposal represents an important step forward."
Redhall Group (RHL) warns on FY due to delayed delivery dates on Hinkley Point C contracts just signed. "These are our first significant orders on what is a critical infrastructure project for the UK. We believe these contracts will be the first of many on the Hinkley Point C project and in the nuclear sector as a whole in the coming years."
Vernalis (VER) gives up on US business. Plans to end contract with Tris on cough cold development programmes CCP-05, -06, -07 and -08. Puts company up for sale.


Notes (do not rely on the data)
PVCS: Price=20.05. Cap=32m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
PV Crystalox Solar is a producer of multicrystalline silicon ingots and wafers for use in solar electricity generation systems. The company supplies multicrystalline silicon wafers to photovoltaic cell makers in the world.
LMS: Price=51. Cap=42m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
SPA: Price=3.51. Cap=30m. F/C for current FY*: EPS= -0.07, Prospective PE= -50.1, Revenue=NA.
1Spatial along with its subsidiaries is engaged in the development and sale of IT software along with related consultancy and support. The Company operates in segments including Geospatial and Cloud Services.
RHL: Price=7.24. Cap=18m. F/C for current FY*: EPS= 0.7, Prospective PE= 10.3, Revenue=NA.
Redhall Group provides niche engineering support services. It services includes industrial processes, project management, designing, manufacturing and installation of bespoke specialist plant and equipment.
VER: Price=4.58. Cap=25m. F/C for current FY*: EPS= -6.43, Prospective PE= -0.7, Revenue=NA.
Vernalis is a pharmaceutical products manufacturer. Its activities include the research, development and commercialization of drugs mainly to counter cough and cold.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 16-Mar-18

Graphene NanoChem (GRPH) fails to find new nomad*, listing cancelled on Monday but planning a resurrection via a takeover and new IPO. * After 'mutually agreed resignation of Panmure Gordon'. Nothing fishy to see here, move along.
Clear Leisure (CLP) places £300k at 0.7p, a 25% discount.


Notes (do not rely on the data)
GRPH: Price=2. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Graphene NanoChem along with its subsidiaries is engaged in the design, formulation and manufacturing of intermediate and performance chemicals and nano-materials.
CLP: Price=0.75. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Clear Leisure is an investment company. Its activity includes creating a portfolio of companies within the leisure, entertainment, interactive media and financial services sectors.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 19-Mar-18

Accrol Group (ACRL) warns FY materially below market expectations with posttax before any asset impairment charges -£13m. Blames costs, difficulty in increasing prices (no [expletive deleted] Sherlock). "Some of the corrective, business critical remedial activities have been hampered while the Board transitioned to its new supportive composition" What? Guides next FY in line. Whatever.
Spectra Systems (SPSY) FY EPS 7c (3c). FY div 6c (5c). Net cash 11.1m ($8.8m). "Excellent prospects for ongoing earnings growth in 2018."
Telit (TCM) appeal against tax penalty of €5m rejected, will appeal.
Petards Group (PEG) MOD Air Platform Systems Platform Protection team exercises option to extend contract, worth in excess of £1.6m over 2 yrs.
Staffline Group (STAF) buys Endeavour Group and its subsidiary Vital Recruitment having T/O £83m and pretax of a miserable £0.5m. Expected to be earnings neutral in the current year. How much have they paid? It's a secret.


Notes (do not rely on the data)
ACRL: Price=27. Cap=31m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Accrol Group Holdings manufactures soft tissue products. Its products are away from home, toilet rolls, kitchen towels, and facial tissues.
SPSY: Price=115. Cap=52m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Spectra Systems Corp invents, develops and sells integrated optical systems that provide customers with increased efficiency, security tracking and product life. The integrated systems combine consumables and engineered optical materials.
TCM: Price=161. Cap=210m. F/C for current FY*: EPS= 10.2, Prospective PE= 15.8, Revenue=NA.
Telit Communications operates in the field of the Internet of Things (IoT) and machine to machine (M2M) communications. It offers the industry's broadest portfolio of integrated products, platforms, and services.
PEG: Price=25. Cap=11m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Petards Group is engaged in development, supply and maintenance of technologies used in security, surveillance and ruggedised electronic applications.
STAF: Price=950. Cap=265m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Staffline Group PLC, together with its subsidiaries, provides recruitment and outsourced human resource service.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 20-Mar-18

Lighthouse Group (LGT) 2 yr renewal of contract with General Federation of Trade Unions. Highlights Lighthouse's capacity to deliver 'holistic financial planning solutions'. Ugh. I thought that word had been retired.
Adept4 (AD4) CFO leaves today, interim CFO starts today. "We thank Ian for his contribution to the business."
LiDCO Group (LID) Argon Medical Devices gives notice to terminate the distribution contract. "Given the timing of the termination and the low margin achieved, this is not expected to have a material impact on LiDCO's results for the year ending 31 January 2019. Furthermore, LiDCO is in discussions with a number of companies about other distribution opportunities to take advantage of its sales reach in the UK, which the company hopes will attract higher margins."
Pennant (PEN) The re-scoping of major UK Contract (as trailed in prelims) increases value by £3.5m to ~£12m. Also statement of intent from a major ME customer worth £10m. Hopes to say more in June.
redT Energy (RED) selected by a consortium of European companies to be the primary energy storage technology provider for a large scale tidal generation project in the UK. Will supply a 0.6MW, 3MWh redT flow machine.
Air Partner (AIR) wins contract for contract for Airfield Wildlife Control Services at 3 RAF bases in Scotland.
NAHL Group (NAH) FY trading in line, EPS ahead of expectations at 21.7p (27p). Consensus is 24.52p though. FY div cut to 15.9p (19.05p). Current trading in line.
Judges Scientific (JDG) FY rev up 25%, adj EPS up 56% to 131.9p. Results boosted by 'very favourable' exchange rates so this is not the new normal. Current trading in line.


Notes (do not rely on the data)
LGT: Price=22.25. Cap=43m. F/C for current FY*: EPS= 1.6, Prospective PE= 13.9, Revenue=NA.
Lighthouse Group provides financial advice on retail financial investments and regulatory authorization and related services to financial advisers operating from locations across the United Kingdom.
AD4: Price=2.35. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
adept4 is engaged in the provision of continuing Information Technology services which has ongoing billing and support element. It also involved in the resale of solutions (hardware and software) from technology vendors.
LID: Price=6. Cap=12m. F/C for current FY*: EPS= -0.71, Prospective PE= -8.5, Revenue=NA.
LiDCO Group supplies non-invasive and minimally invasive hemodynamic monitoring equipment to hospitals. The company’s products are used principally in the treatment of high-risk patients in both critical care units and in the operating theatre.
PEN: Price=98. Cap=29m. F/C for current FY*: EPS= 10, Prospective PE= 9.8, Revenue=NA.
Pennant International Group is engaged in the delivery of integrated logistic support solutions. These comprise of simulation, virtual reality and computer based training systems, software solutions and Logistic Support Analysis Software.
RED: Price=7. Cap=45m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
RedT Energy and its subsidiaries develops and supplies durable & robust energy storage systems based on proprietary vanadium redox flow technology for on and off-grid applications.
AIR: Price=150.88. Cap=79m. F/C for current FY*: EPS= 7.8, Prospective PE= 19.3, Revenue=NA.
Air Partner is an aviation charter specialist and an expert in safety consulting and training. The Company offer its services to corporate customers, governments, airlines, defense organizations and aviation authorities.
NAH: Price=143. Cap=66m. F/C for current FY*: EPS= 24.52, Prospective PE= 5.8, Revenue=NA.
NAHL Group is a consumer marketing company. The company operates in UK personal injury market, advertising through its core brand - National Accident Helpline.
JDG: Price=2264. Cap=138m. F/C for current FY*: EPS= 112.7, Prospective PE= 20.1, Revenue=NA.
Judges Scientific is engaged in designing, manufacturing and sale of scientific instruments.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian

[MrContrarian]

Smallcap Sweep. 21-Mar-18

Imaginatik (IMTK) sale of co proceeding - "detailed discussions with certain parties about the sale of the Company, with the aim of announcing the outcome of the process by the end of May."
Science In Sport (SIS) FY in line: rev up 28%, pretax -£3.9m (-£2.8m). Outlook "Year has started well...We continue to invest heavily in brand awareness* in all markets, as well as aggressively building our e-commerce consumer database and seeking to improve conversion and loyalty." *This used to be called advertising. Cenkos F/C loss to inc. this FY. Will they ever make money? Also a separate RNS to trumpet "Olympic Champion Adam Peaty Becomes SIS Ambassador." He's a swimmer. Need to step away from the bicycles after all that unpleasantness.
Moss Bros Group (MOSB) Not even 2 month into FY brings a warning that 2019 profit will be materially lower than current market expectations. Blames shortage of stock after consolidation of the Group's supplier base in response to Sterling weakness. Also those bloody customers are hiring and buying less. "The reduction in store footfall that was experienced towards the latter part of December, has continued."
Mothercare (MTC) discussions with lenders progressing constructively. Covenant tests deferred, preliminary discussions on securing additional financing "to support and maintain the momentum of our transformation programme." Er, because you will breach covenants surely?
Personal Group (PGH) FY EBITDA £10.8m marginally ahead of market expectations. EPS-cont 26.1 (29.7). Div hikes 3% to 22.7p.


Notes (do not rely on the data)
IMTK: Price=1.26. Cap=2m. F/C for current FY*: EPS= -0.3, Prospective PE= -4.2, Revenue=NA.
Imaginatik offers businesses software solutions and services that support a variety of idea management processes such as time limited events, ongoing suggestion programs and customized business processes.
SIS: Price=72.36. Cap=40m. F/C for current FY*: EPS= -8.2, Prospective PE= -8.8, Revenue=NA.
Science in Sport is engaged in developing, manufacturing and marketing sports nutrition products for professional athletes and sports enthusiasts. Its products are researched and developed by sports scientists along with international athletes.
MOSB: Price=46. Cap=46m. F/C for current FY*: EPS= 5.06, Prospective PE= 9.1, Revenue=NA.
Moss Bros Group along with its subsidiaries retails and hires formal wear for men, predominantly in the United Kingdom. It operates through Moss Bros branded mainstream stores.
MTC: Price=16.9. Cap=29m. F/C for current FY*: EPS= 0.33, Prospective PE= 51.2, Revenue=NA.
Mothercare is a global retailer of products for parents and young children. It offers a wide range of products including strollers, car seats, furniture, bedding, bathing equipment, clothing, footwear, and toys.
PGH: Price=383.5. Cap=94m. F/C for current FY*: EPS= 26.1, Prospective PE= 14.7, Revenue=NA.
Personal Group Holdings is an insurance company. It is principally engaged in transacting employee benefits related business, including short-term accident and health insurance and the provision of salary sacrifice technology products in the UK.

* F/C for prev FY if Prelims released today
Data: yahoo, Google, Morningstar
DYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered.

RNSs
http://www.investegate.co.uk/index.aspx?limit=-1

@MrContrarian