Re: MrC's Smallcap Sweeps for Mar 2020
Posted: March 27th, 2020, 7:52 am
Smallcap Sweep. 27-Mar-20
John Menzies (MNZS) the aviation services business says volumes have crashed. Seeking gov't funding. Not eligible for COVID Corporate Financing Facility.
MS International (MSI) partial or complete temporary shut-down of manufacturing facilities. Has net cash £15.5m so 'very well positioned'.
Andrews Sykes (ASY) H2 to end Dec was strong. "Compared to many sectors of the economy, such as hospitality and retail, the impact on the Company to date has not been severe, but we are mindful that this situation could change very quickly." Net cash £28m.
Finsbury Food (FIF) retail sales resilient but foodservice business significantly impacted. Cancels div. Confident can withstand the current situation.
Sutton Harbour (SUH) FY to end Mar - no material impact but now tough. Seeking additional funds from bank.
Dev Clever (DEV) staff remote working and operations are continuing largely as normal. Current trading remains strong, increased demand from schools for remote-based learning. Co adapted its third remote learning platform, Launchpad for Employers, towards educational establishments.
Keystone Law (KEYS) trading in line until covid. £4.4m net cash. A high proportion of its cost base which is fully variable and layer fees are on a paid when paid basis. Passes div.
Total Produce (TOT) continuing to trade satisfactorily and supply chains are functioning adequately. Co is comfortably within its covenants. However FY earnings likely down YoY.
Woodbois (WBI) covid likely to result in supply chain disruption within the timber industry. Factory may be halted for an indeterminate period.
Foresight Solar Fund (FSFL) no operational disruption. "May be a further short-term reduction in power prices due to an anticipated drop in demand, however power prices are forecast to improve over the medium term."
Scapa Group (SCPA) guides FY to end Mar in line. Co expects economic activity and consequently trading to be impacted. All sites are operating, with the exception of India. Passes div. Leverage is 1.6 cf covenant 3.
Surface Transforms (SCE) business remains fully operational and is manufacturing brake discs with sufficient raw material and component inventory to continue to do so for some months. Covid could impact revenues though.
MITIE (MTO) expect little change in demand from public sector - 30% of rev. Finance, Professional, and Banking sector expected to continue at close to normal - 12% of rev. Same for Data Centres, Telecoms and Drug Manufacturing - 6%. Demand for Cleaning and Security Services from food and On-line Retailers are increasing - 11%. Other sectors reducing demand. Now seeing material downturn in projects and non-essential maintenance spend. Cutting costs.
Totally (TLY) confident that performance will remain strong. Co "has requested additional funding from the NHS and Commissioners for the additional, enhanced services delivered."
Watkin Jones (WJG) will close its active development sites temporarily, with the exception of a small number of sites which will remain open whilst essential services works are completed. "We are working very closely with our university partners, international agents and other key stakeholders, particularly in respect of the impact on this summer term and potentially further ahead."
Nexus Infrastructure (NEXS) cutting costs. Has a "very strong balance sheet and net cash position...believes that the Group has sufficient funding capacity to meet its commitments for the foreseeable future."
Mattioli Woods (MTW) continues to be fully operational. Q1-3 in line but expects disruption to trading in the coming months. Guides FY to end May in line. May pass final div.
Notes (do not rely on the data)
MNZS: Price=84. Cap=70m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Menzies (John) provides distribution and aviation support services. The company through its operating segments provide distribution of newspaper and magazine, marketing and logistics, handling of cargo and passenger services globally.
MSI: Price=110. Cap=18m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MS International along with its subsidiaries is engaged in the design and manufacture of specialist engineering products and the provision of related services. It manufactures defence equipment, and forgings equipment.
ASY: Price=480. Cap=202m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Andrews Sykes Group engages in rental of pumping equipment and specialist climate control products which include air conditioning and chillers, heating and boilers, dehumidifiers and ventilation.
FIF: Price=63.5. Cap=83m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Finsbury Food Group is a specialty bakery manufacturer. The company also produces and supplies fresh and frozen bakery products to grocery retailers and foodservice customers.
SUH: Price=15.25. Cap=19m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Sutton Harbour Holdings owns and operates harbour and its ancillary facilities. The Company operates its business through four segments: Marine, Real Estate, Car Parking and Regeneration.
DEV: Price=2.75. Cap=12m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
KEYS: Price=389. Cap=122m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Keystone Law Group is a law firm. The company provides legal services to over 50 industry sectors to a client base comprising of small and medium enterprise and private individuals.
TOT: Price=80. Cap=337m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Total Produce is acting as a fresh produce provider in Ireland. It is involved in the rowing, sourcing, importing, packaging, marketing, and distribution of an extensive selection of fresh fruits, vegetables, and flowers.
WBI: Price=3.01. Cap=15m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
FSFL: Price=107. Cap=648m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
SCPA: Price=104. Cap=161m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Scapa Group is a supplier of bonding solutions and manufacturer of adhesive-based products for the healthcare and industrial markets. The company is organized into two main segments: Healthcare and Industrial.
SCE: Price=15.25. Cap=21m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Surface Transforms develops and manufactures carbon ceramic products mainly for the brakes market. The firm engages in developing new products and application of carbon fiber reinforced ceramic materials.
MTO: Price=64.95. Cap=238m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MITIE Group is a UK-based company that primarily provides outsourcing services. It generates almost all its sales from the UK domestic market.
TLY: Price=10.5. Cap=19m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Totally is engaged in the provision of solutions to the healthcare sector. The companies segment includes Totally Health, Premier Physical, About Health, Optimum Sports Performance Centre and Head Office.
WJG: Price=161.6. Cap=413m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Watkin Jones is a developer and constructor of multi occupancy property assets, with a focus on the student accommodation sector. It service includes site identification and procurement, planning consent, construction delivery and asset management.
NEXS: Price=148. Cap=56m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Nexus Infrastructure provides infrastructure services to housebuilding and commercial sectors. It operates through two businesses that provide infrastructure services and designing, installation and connecting utility networks to properties.
MTW: Price=575. Cap=155m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Mattioli Woods is a provider of wealth management, asset management and employee benefit services. It provides services of setting up and administering pension schemes, banking arrangements, property management and employee benefit services.
* 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
John Menzies (MNZS) the aviation services business says volumes have crashed. Seeking gov't funding. Not eligible for COVID Corporate Financing Facility.
MS International (MSI) partial or complete temporary shut-down of manufacturing facilities. Has net cash £15.5m so 'very well positioned'.
Andrews Sykes (ASY) H2 to end Dec was strong. "Compared to many sectors of the economy, such as hospitality and retail, the impact on the Company to date has not been severe, but we are mindful that this situation could change very quickly." Net cash £28m.
Finsbury Food (FIF) retail sales resilient but foodservice business significantly impacted. Cancels div. Confident can withstand the current situation.
Sutton Harbour (SUH) FY to end Mar - no material impact but now tough. Seeking additional funds from bank.
Dev Clever (DEV) staff remote working and operations are continuing largely as normal. Current trading remains strong, increased demand from schools for remote-based learning. Co adapted its third remote learning platform, Launchpad for Employers, towards educational establishments.
Keystone Law (KEYS) trading in line until covid. £4.4m net cash. A high proportion of its cost base which is fully variable and layer fees are on a paid when paid basis. Passes div.
Total Produce (TOT) continuing to trade satisfactorily and supply chains are functioning adequately. Co is comfortably within its covenants. However FY earnings likely down YoY.
Woodbois (WBI) covid likely to result in supply chain disruption within the timber industry. Factory may be halted for an indeterminate period.
Foresight Solar Fund (FSFL) no operational disruption. "May be a further short-term reduction in power prices due to an anticipated drop in demand, however power prices are forecast to improve over the medium term."
Scapa Group (SCPA) guides FY to end Mar in line. Co expects economic activity and consequently trading to be impacted. All sites are operating, with the exception of India. Passes div. Leverage is 1.6 cf covenant 3.
Surface Transforms (SCE) business remains fully operational and is manufacturing brake discs with sufficient raw material and component inventory to continue to do so for some months. Covid could impact revenues though.
MITIE (MTO) expect little change in demand from public sector - 30% of rev. Finance, Professional, and Banking sector expected to continue at close to normal - 12% of rev. Same for Data Centres, Telecoms and Drug Manufacturing - 6%. Demand for Cleaning and Security Services from food and On-line Retailers are increasing - 11%. Other sectors reducing demand. Now seeing material downturn in projects and non-essential maintenance spend. Cutting costs.
Totally (TLY) confident that performance will remain strong. Co "has requested additional funding from the NHS and Commissioners for the additional, enhanced services delivered."
Watkin Jones (WJG) will close its active development sites temporarily, with the exception of a small number of sites which will remain open whilst essential services works are completed. "We are working very closely with our university partners, international agents and other key stakeholders, particularly in respect of the impact on this summer term and potentially further ahead."
Nexus Infrastructure (NEXS) cutting costs. Has a "very strong balance sheet and net cash position...believes that the Group has sufficient funding capacity to meet its commitments for the foreseeable future."
Mattioli Woods (MTW) continues to be fully operational. Q1-3 in line but expects disruption to trading in the coming months. Guides FY to end May in line. May pass final div.
Notes (do not rely on the data)
MNZS: Price=84. Cap=70m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Menzies (John) provides distribution and aviation support services. The company through its operating segments provide distribution of newspaper and magazine, marketing and logistics, handling of cargo and passenger services globally.
MSI: Price=110. Cap=18m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MS International along with its subsidiaries is engaged in the design and manufacture of specialist engineering products and the provision of related services. It manufactures defence equipment, and forgings equipment.
ASY: Price=480. Cap=202m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Andrews Sykes Group engages in rental of pumping equipment and specialist climate control products which include air conditioning and chillers, heating and boilers, dehumidifiers and ventilation.
FIF: Price=63.5. Cap=83m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Finsbury Food Group is a specialty bakery manufacturer. The company also produces and supplies fresh and frozen bakery products to grocery retailers and foodservice customers.
SUH: Price=15.25. Cap=19m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Sutton Harbour Holdings owns and operates harbour and its ancillary facilities. The Company operates its business through four segments: Marine, Real Estate, Car Parking and Regeneration.
DEV: Price=2.75. Cap=12m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
KEYS: Price=389. Cap=122m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Keystone Law Group is a law firm. The company provides legal services to over 50 industry sectors to a client base comprising of small and medium enterprise and private individuals.
TOT: Price=80. Cap=337m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Total Produce is acting as a fresh produce provider in Ireland. It is involved in the rowing, sourcing, importing, packaging, marketing, and distribution of an extensive selection of fresh fruits, vegetables, and flowers.
WBI: Price=3.01. Cap=15m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
FSFL: Price=107. Cap=648m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
SCPA: Price=104. Cap=161m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Scapa Group is a supplier of bonding solutions and manufacturer of adhesive-based products for the healthcare and industrial markets. The company is organized into two main segments: Healthcare and Industrial.
SCE: Price=15.25. Cap=21m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Surface Transforms develops and manufactures carbon ceramic products mainly for the brakes market. The firm engages in developing new products and application of carbon fiber reinforced ceramic materials.
MTO: Price=64.95. Cap=238m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MITIE Group is a UK-based company that primarily provides outsourcing services. It generates almost all its sales from the UK domestic market.
TLY: Price=10.5. Cap=19m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Totally is engaged in the provision of solutions to the healthcare sector. The companies segment includes Totally Health, Premier Physical, About Health, Optimum Sports Performance Centre and Head Office.
WJG: Price=161.6. Cap=413m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Watkin Jones is a developer and constructor of multi occupancy property assets, with a focus on the student accommodation sector. It service includes site identification and procurement, planning consent, construction delivery and asset management.
NEXS: Price=148. Cap=56m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Nexus Infrastructure provides infrastructure services to housebuilding and commercial sectors. It operates through two businesses that provide infrastructure services and designing, installation and connecting utility networks to properties.
MTW: Price=575. Cap=155m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Mattioli Woods is a provider of wealth management, asset management and employee benefit services. It provides services of setting up and administering pension schemes, banking arrangements, property management and employee benefit services.
* 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