Mr's Smallcap Sweeps for May 2018

[MrContrarian]

Smallcap Sweep. 01-May-18
Teeming with a lot o'news. (Rhymes with?)

St. Ives (SIV) disposal of Clays, its legacy book production and distribution business, for £20m. St Ives has retained the freehold to Clays' operating site but will also retain the pension liabilities and has agreed to make a contribution of £2.5m. Clays lost £1.6m last FY.
Imaginatik (IMTK) FY trading: rev £3.7m (2017: £3.9m). It may become necessary to seek additional funding in order to successfully progress the ongoing formal sale process. The potential buyers will be rubbing their hands with such a weak seller.
Nature Group (NGR) get a shareholder loan of £400k at 5%. Lender gets a bucket of warrants. However, the Company's financial position remains extremely difficult so shares remain suspended.
Accrol Group (ACRL) Revised Banking Arrangements & Operational Update. EBITDA covenants tests to 31 July have been waived. Reduction in Revolving Credit Facility due 30 April has been deferred until 31 October. Indicative terms have been established for the lease funding of the new conversion line being installed at the Leyland plant. "Has entered heads of terms on the exit from the onerous central distribution hub in Skelmersdale. This planned exit is expected to have a positive impact on annualised profits, as previously reported, of at least £5m".Trading in line.
PipeHawk (PIP) QM Systems wins order totalling £1,152,000. The enquiry pipeline remains strong. Group rev £5.7m.
Johnston Press (JPR) CEO will leaving at AGM "for family reasons and in order to fulfil his plans to transition to a be a 'plural' Non-Executive Director as the next phase of his career." Lots of nice words. CFO becomes temp CEO.
Symphony Environment (SYM) buys 8% of early stage starch from algae co Eranova for €500k. Option for 51% max. Eranova requires a total of €4,790,000 to start its pre-industrial development and Symphony's investment represents one of the final tranches required.
Safestyle UK (SFE) replaces CEO "in accordance with long-established senior management succession plans." New CEO appointed. Handover period. Nice words all round.
Connect Group (CNCT) CFO finds something better to do. He will remain for orderly handover. Nice words.


Notes (do not rely on the data)
SIV: Price=86.4. Cap=123m. F/C for current FY*: EPS= 13.75, Prospective PE= 6.3, Revenue=NA.
St Ives is an international marketing services group, made up of with number of successful and dynamic businesses serving leading brands. It has experience in the retail, publishing and commercial markets.
IMTK: Price=1.25. 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.
NGR: Price=3.03. Cap=2m. 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.
ACRL: Price=16.2. Cap=21m. F/C for current FY*: EPS= -6.3, Prospective PE= -2.6, Revenue=NA.
Accrol Group Holdings manufactures soft tissue products. Its products are away from home, toilet rolls, kitchen towels, and facial tissues.
PIP: Price=2.8. Cap=1m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
PipeHawk is engaged in the development, assembly and sale of test system solutions and ground probing radar (GPR) equipment; the provision of GPR based services and the undertaking of complementary Research and Development assignments.
JPR: Price=8. Cap=8m. F/C for current FY*: EPS= 9, Prospective PE= 0.9, Revenue=NA.
Johnston Press engages in the multimedia business. The firm provides news and information services to the local and regional communities through various publications and websites. Its brands include Banbridge Leader, Banbury Guardian, and Belper News.
SYM: Price=25.09. Cap=43m. F/C for current FY*: EPS= 0.1, Prospective PE= 250.9, Revenue=NA.
Symphony Environmental Technologies develops and markets environmental plastic products. The company also supplies other flexible polythene and related conventional products. Its products include d2w, d2Detector, d2p, and d2t.
SFE: Price=55.8. Cap=45m. F/C for current FY*: EPS= 4.2, Prospective PE= 13.3, Revenue=NA.
Safestyle UK manufactures and installs replacement doors and windows. Its products include double glazed doors and windows which are marketed under the EcoDiamond brand.
CNCT: Price=60. Cap=151m. F/C for current FY*: EPS= 13, Prospective PE= 4.6, Revenue=NA.
Connect Group is a distributor of newspaper, magazines and books. Its operating divisions include; News & Media, Books, Education & Care, and Parcel Freight. The majority of its revenues are generated through the newspaper 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
read it first on Twitter

[MrContrarian]

Smallcap Sweep. 02-May-18

Scholium Group (SCHO) FY trading: guides small profit (-£224k). Nothing about expectations. No published F/C .
Third Point Offshore (TPOG) plans move from standard to premium listing. Will repurchase shares instead of paying a div.
Empresaria Group (EMR) CEO resigns, replaced by COO. Nice words.
Plastics Capital (PLA) guides FY broadly in line with market expectations. "As highlighted in the announcement on 1 March 2018, the financial year finished with both sales and profits a little weaker than expected. For the year overall though we experienced a year of exceptionally strong, primarily organic, sales growth...As previously explained to shareholders, we have continued to invest heavily to add capacity and capabilities to support double digit revenue growth, and, whilst this is being achieved, this re-investment will continue to impact on depreciation, interest costs and cash flow." On 1 March guided FY marginally below current market expectations due to bearings div.
Accsys Technologies (AXS) FY trading. Rev up 8%. F/C is for 1.4%. H2 rev up 15%. ""It has been a strong finish to the year, although we have been capacity constrained with all our customers on allocation. Our revenues, sales volumes and margins were all up in the second half." Looks like a beat but don't say so.


Notes (do not rely on the data)
SCHO: Price=49. Cap=6m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Scholium Group is engaged in trading and retailing of rare and antiquarian books and works on paper in the United Kingdom. The company also trades with other third-party dealers in the broader arts and collectibles.
TPOG: Price=1599.9. Cap=635m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
EMR: Price=80.13. Cap=40m. F/C for current FY*: EPS= 12.7, Prospective PE= 6.3, Revenue=NA.
Empresaria Group provides staffing and recruitment services in UK, Continental Europe and Rest of the World.
PLA: Price=120. Cap=46m. F/C for current FY*: EPS= 5.12, Prospective PE= 23.4, 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.
AXS: Price=77.07. Cap=NA. F/C for current FY*: EPS= -5.24, Prospective PE= -14.7, Revenue=NA.
Accsys Technologies is a chemical technology company focused on acetylation of wood. It is engaged in the production and licensing of its product Accoya solid wood and Tricoya wood elements.

* 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. 03-May-18

Charles Taylor (CTR) major contract win. Acquisition for $22.5m + $28m earn out. Placing of £17.6m by book build.
Van Elle (VANL) guides FY pretax £10.5m due to weather (natch'), Carillion, weak piling mkt. F/V £10.4m. Bad debt charge will be £1.0m (rather than £1.6m guided). New CEO from Balfour Beatty in Oct or sooner. Previously RNS'd CEO leaving.
Midatech Pharma (MTPH) not aware of any reason for the price spike. Reiterates previous guidance on funding and R&D.


Notes (do not rely on the data)
CTR: Price=261.34. Cap=179m. F/C for current FY*: EPS= 23.49, Prospective PE= 11.1, Revenue=NA.
Charles Taylor provides professional services to the global insurance market. The company follows fee based model.
VANL: Price=81.95. Cap=64m. F/C for current FY*: EPS= 9.1, Prospective PE= 9.0, Revenue=NA.
Van Elle Holdings is a geotechnical contractor offering ground engineering techniques and services to customers in construction end markets including the new-build residential, infrastructure, commercial, industrial and public non-housing sectors.
MTPH: Price=39. Cap=21m. F/C for current FY*: EPS= -16.62, Prospective PE= -2.3, Revenue=NA.
Midatech Pharma is a nanomedicine company engaged in the development and commercialization of multiple therapeutic products to enhance the delivery of medicines in diseases with high unmet medical needs.

* 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. 04-May-18

Games Workshop (GAW) YTD slightly ahead
Anglo African Agriculture (AAAP) believes there is no reason in terms of the underlying business for recent SP fall. "Dynamic Intertrade, the main trading operation of AAA, is trading in line with the expectations of the Board." It hasn't moved much for a sub penny sub £1m serial disappointer lossmaking tinpot. What did they expect?


Notes (do not rely on the data)
GAW: Price=2440. Cap=770m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Games Workshop Group designs, manufactures and sells fantasy miniatures and games related products. It operates through various segments which are Sales channels, Product and supply, Central costs, Service centre costs and Royalties.
AAAP: Price=NA. Cap=NA. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Anglo African Agriculture a holding company is engaged in investing and trading in the agriculture sector in Africa. The company is involved in the manufacturing of herbs and spices, production of guar beans and trading in agricultural products.

* 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-May-18


MTI Wireless Edge (MWE) - some merger hurdles satisfied.
IDE Group Holdings (IDE) FY rev up 50%, pretax loss tripled to £12.8m. "Profitability in 2018 is expected to be significantly lower than 2017, but is expected to improve steadily throughout 2018 and beyond following implementation of the operational review." Going concern "Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future."
4imprint (FOUR) AGM stmt: first 4 months has been above the Board's expectations, with revenue growth of 16% and order intake up 15% over prior year.
Tern (TERN) placing at 18.5p, a tasty 30% disc. for the 'single institutional investor' even though it's a measly 4.5% of total shares.
YOLO Leisure and Technology (YOLO) H1 EPS 0.18p but NAV 9.9p, a 0.3p reduction in half due to dilution.
Ideagen (IDEA) FY guided in line.. CEO becomes Exec chmn, Chief Customer Officer becomes CEO and Exec chmn becomes NED.


Notes (do not rely on the data)
MWE: Price=29.1. Cap=17m. F/C for current FY*: EPS= 2.63, Prospective PE= 11.1, Revenue=NA.
MTI Wireless Edge through its subsidiary is engaged in the development, design, manufacturing and marketing of antennas and accessories. It also provides remote control solutions for water and irrigation applications.
IDE: Price=15.45. Cap=16m. F/C for current FY*: EPS= 1.13, Prospective PE= 13.7, Revenue=NA.
IDE Group Holdings is a provider of specialist IT solutions and managed services. Its service offerings include cloud and hosting, network and connectivity, collaboration, cyber security, managed services, and IT asset management.
FOUR: Price=1770. Cap=507m. F/C for current FY*: EPS= 84.82, Prospective PE= 20.9, Revenue=NA.
4imprint Group markets promotional products through online and offline direct marketing techniques. Its products include apparels, stationery, technologies and food stuff.
TERN: Price=26.6. Cap=48m. 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.
YOLO: Price=4.6. Cap=2m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
YOLO Leisure and Technology is an investment company in the United Kingdom. Its objective is to provide stable income and capital growth for investors by mainly investing in the technology, travel, leisure and media sectors.
IDEA: Price=113.18. Cap=221m. F/C for current FY*: EPS= 4.2, Prospective PE= 26.9, Revenue=NA.
Ideagen is a supplier of information management software to regulated industries. It has established a business supplying Governance, Risk and Compliance solutions to the Healthcare, Complex Manufacturing, Banking and Finance and Energy 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. 09-May-18


Renew Holdings (RNWH) £80m acquisition, £45m placing at 355p, a 14% disc.
Halosource (HAL) FY rev $2m down 5%. Loss $5.7m (loss of $10.7m). "We expect the lift from our commercial activities, supported by lower costs, will continue to lead us on a path to profitability." Going concern stmt not great: "there is substantial doubt about the Company's ability to continue as a going concern..."


Notes (do not rely on the data)
RNWH: Price=413. Cap=268m. F/C for current FY*: EPS= 34.1, Prospective PE= 12.1, Revenue=NA.
Renew Holdings provides multidisciplinary engineering services to energy, environmental, infrastructure, and specialist building sectors in the United Kingdom.
HAL: Price=1.3. Cap=NA. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Halosource Inc is a clean water technology company that offers to deliver clean, drinking water solutions to partners in the international market. Its HaloPure Drinking Water technology has the highest international certifications.

* 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. 10-May-18
Sprue extinguishes dispute.

Toople (TOOP) Always suspect a company that compares H1 with prev H2 in headlines. Rev up 10%, 7% increase in gross profit cf H2. Rev up noly 5% yoy, gross pofit up 1%. Loss £714k (£604k). Outlook - many words, little insight.
Management Consulting Group (MMC) CFO has stepped down from the Board and will leave the Group with immediate effect following a period of ill health.
Goals Soccer Centres (GOAL) AGM: snow adjusted LFL! First 18 weeks up 2.3%. Actual LFL -2%.
Sprue Aegis (SPRP) settles festering dispute with BRK, writing off £3.4m of inventory. Repays £3m drawn bank facility.


Notes (do not rely on the data)
TOOP: Price=0.92. Cap=1m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Toople provides telecommunication services in UK. The Company's services include business broadband, fibre, EFM & Ethernet data services, business mobile phones, cloud PBX and SIP Trunking and traditional services.
MMC: Price=3.1. Cap=16m. F/C for current FY*: EPS= -0.92, Prospective PE= -3.4, Revenue=NA.
Management Consulting Group is engaged in providing professional services to various industries and sectors via the Proudfoot practice. Proudfoot, which is a professional service practice serving various industries.
GOAL: Price=91. Cap=82m. F/C for current FY*: EPS= 7.05, Prospective PE= 12.9, Revenue=NA.
Goals Soccer Centres is engaged in the operation of outdoor soccer centres across the United Kingdom.
SPRP: Price=105. Cap=47m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Sprue Aegis along with its subsidiaries is engaged in the business of designing, sale and marketing of smoke and carbon monoxide detectors and accessories sold under the FireAngel, AngelEye, Pace Sensors, First Alert, SONA, BRK and Dicon 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. 11-May-18
Carpetshite fitted up.

Crawshaw Group (CRAW) new CEO & CFO. CEO was Head of the Fresh Meat Department at ASDA but there is a slight wiff about him: "His departure from ASDA was referenced in an article by The Grocer citing his dismissal for gross misconduct in connection with breaches of Walmart's expenses policies." Kudos to CRAW's Nomad for putting that in.
Carpetshite (CPR) gets loan-shark type crisis loan from shareholder of £17.25m which includes a £2.25m arrangement fee. Also 18% int rate. Still plans £60m fundraise in a week or so.
Interserve (IRV) has received a formal notice that it has been referred to FCA for investigation of handling of inside information and its market disclosures re its exited energy from waste business, from 15 July 2016 to 20 February 2017.


Notes (do not rely on the data)
CRAW: Price=4.77. Cap=5m. F/C for current FY*: EPS= -0.58, Prospective PE= -8.2, Revenue=NA.
Crawshaw Group through its subsidiaries operates a chain of meat focused retail food stores. The company has around 50 retail locations across Yorkshire, Lincolnshire, Nottinghamshire, Derbyshire, the North West and the Midlands.
CPR: Price=39.5. Cap=28m. F/C for current FY*: EPS= -0.4, Prospective PE= -98.8, Revenue=NA.
Carpetright and its subsidiaries are retailer of floorcoverings and beds in UK and Rest of Europe.
IRV: Price=77. Cap=112m. F/C for current FY*: EPS= 14.7, Prospective PE= 5.2, Revenue=NA.
Interserve is a support services & construction company. It offers advice, design, construction, equipment, facilities management and frontline public services. Its segments includes Support Services, Construction, Equipment Services & Investments.

* 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

[Gengulphus]

Hmm... Reading about three bullets I've dodged on the same day is a record for me! I owned CPR as part of my HYP for a number of years, but sold it about 7 years ago for a moderate capital loss and a small profit once dividends were included. CRAW I did better on, taking substantial capital gains about 3-4 years ago - made the mistake of hanging on too long with part of my holding, but mostly that involved giving up unrealised capital gains on that part and so the final sale about a year ago was for only a very modest capital loss. And IRV I seriously considered for inclusion in my HYP, but eventually decided against...

Gengulphus

[jackdaww]

Hmm... Reading about three bullets I've dodged on the same day is a record for me! I owned CPR as part of my HYP for a number of years, but sold it about 7 years ago for a moderate capital loss and a small profit once dividends were included. CRAW I did better on, taking substantial capital gains about 3-4 years ago - made the mistake of hanging on too long with part of my holding, but mostly that involved giving up unrealised capital gains on that part and so the final sale about a year ago was for only a very modest capital loss. And IRV I seriously considered for inclusion in my HYP, but eventually decided against...

Gengulphus

=============================

avoiding losers and duds is one of the great joys in this business.

and its possibly one of the biggest factors in successful investing .

[simoan]

avoiding losers and duds is one of the great joys in this business.

and its possibly one of the biggest factors in successful investing .

Yes, I agree but you have to be careful. It's OK dodging bullets but you need to make sure you saw the bullet coming and are not deluding yourself! I have a log of all my trades in a spreadsheet and I regularly go back over them. It's really important to decide why you got trades right or wrong and learn from your mistakes. Whilst there's skill involved you also need a fair bit of luck and it's important to distinguish the two lest you start feeling like some kind of investing genius As long as you get more right than you get wrong, run your winners and cut your losers, you will make money. If you can consistently beat an index tracker over a number of years then it's worth it, if not, buy an index tracker and spend the time saved doing something more productive

All the best, Si

[Gengulphus]

Yes, I agree but you have to be careful. It's OK dodging bullets but you need to make sure you saw the bullet coming and are not deluding yourself! ...

Sorry, I should perhaps have made it clearer that I wasn't claiming to have intentionally dodged those bullets! It was really just that it was quite a noteworthy event being reminded of former shareholdings by all three of the announcements that Mr Contrarian highlighted today and finding that I had in fact dodged bullets on all three of them, whether by accident or design...

Gengulphus

[simoan]

Yes, I agree but you have to be careful. It's OK dodging bullets but you need to make sure you saw the bullet coming and are not deluding yourself! ...

Sorry, I should perhaps have made it clearer that I wasn't claiming to have intentionally dodged those bullets! It was really just that it was quite a noteworthy event being reminded of former shareholdings by all three of the announcements that Mr Contrarian highlighted today and finding that I had in fact dodged bullets on all three of them, whether by accident or design...

Gengulphus

Gengulphus,

For the record I was not referring to your post or claiming any great foresight had dodged the bullets. After all, I know that's not your style It was more a reply to jackdawws '"avoiding losers and duds is one of the great joys in this business" comment. It's natural to feel this way about bullets dodged as long as you don't fool yourself it was anything more than luck... unless of course it was skill and the event that caused the bullet was correctly predicted, then you can feel as smug as you want

All the best, Si

[MrContrarian]

Smallcap Sweep. 14-May-18


Uvenco UK (UVEN) cash crisis. "The Company is now in discussions with a third party that may lead to the sale of its trading subsidiaries, Uvenco Limited, the vending operator, and Snack in the Box Limited, the franchising operator. It is expected that the purchaser would also assume a substantial proportion of the Company's debt obligations, therefore it is likely that the consideration receivable by the Company will be minimal."
Tern (TERN) second placing this month, also at 18.5p. At least the discount is small this time but only because the SP was creamed by the previous placing. Buys stake in medical VR company.
Servoca (SVCA) will delist because the SP is too low. 80% of holders in favour. A new broker and nominated advisor [sic] failed to stimulate buying - step forward Alex Price of N+1 Singer.


Notes (do not rely on the data)
UVEN: Price=2.2. Cap=1m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Uvenco UK is in the business of sale and operation of hot drink and snack vending machines, the operation of free on loan vending machines via a franchise division and production and supply of “in-cup drinks” and related equipment.
TERN: Price=19.39. Cap=44m. 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.
SVCA: Price=17.22. Cap=21m. F/C for current FY*: EPS= 2.64, Prospective PE= 6.5, Revenue=NA.
Servoca provides recruitment & outsourced services to its clients. Its Outsourcing segment offers services to the Domiciliary Care & Security sectors & Recruitment segment provides recruitment services to the Healthcare, Education & Police 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. 16-May-18
CEO name of the day: Brian Brick of Moss Bros.

Webis Holdings (WEB) "welcomes Monday's landmark Supreme Court ruling which paves the way to legalizing wagering on sports in the United States, subject to individual State legislation. While the ruling will not have an immediate impact on revenue levels until individual State legislation is in place, the Board considers the announcement as a positive boost for our US operations. Draft legislation is in preparation in up to seventeen US states, most importantly including California."
Falanx Group (FLX) contract wins worth ~£0.9m since the acquisition of First Base at the end of March.
Itaconix (ITX) AkzoNobel's Chelates business intends to enter into a joint marketing effort related to Itaconix's bio-based chelates for use in the consumer and industrial detergents and cleaners markets.
Optibiotix Health (OPTI) five year agreement with Akums Drugs and Pharmaceuticals to exclusively manufacture and supply products containing OptiBiotix's cholesterol and blood pressure reducing strain LPLDL, in India.They are excited.
LoopUp Group (LOOP) placing at 400p, an 8% disc, to fund acquisition.
Volex (VLX) nil dicount placing at 75p to fund acquisition.


Notes (do not rely on the data)
WEB: Price=4.15. Cap=30m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Webis Holdings is a holding company operating in gaming and technology sector. It operates in two segments namely WatchandWager.com and WatchandWager.com LLC providing Advanced Deposit Wagering and pari-mutuel, or pool-betting, wagering services.
FLX: Price=5.42. Cap=14m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Falanx Group Ltd, through its subsidiaries, is engaged in providing international supply and installation of blast protection devices as well as providing security consultancy. It also provides international business intelligence consultancy.
ITX: Price=5.55. Cap=3m. F/C for current FY*: EPS= -5.77, Prospective PE= -1.0, Revenue=NA.
Itaconix designs and manufactures proprietary specialty polymers to improve the performance of its customer’s and partner’s products. It primarily serves the Household, Personal Care, and Industrial sectors.
OPTI: Price=74.38. Cap=63m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
OptiBiotix Health is a life sciences company. The Company through its subsidiaries is engaged in the research and development of microbiome modulators.
LOOP: Price=420. Cap=176m. F/C for current FY*: EPS= 5.84, Prospective PE= 71.9, Revenue=NA.
LoopUp Group is a software-as-a-service provider of remote meetings. Its products LoopUp helips in conferencing solution for remote enterprise meetings.
VLX: Price=73.34. Cap=68m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Volex is a supplier of power and data cabling solutions. The Company offers its products to consumer electronics, telecommunications, data centers, medical equipment and the automotive industry.

* 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. 17-May-18


Byotrol (BYOT) first mass market retail trial in the US, for its 24-hour germ-kill surface sanitizer 'Byotrol24'. Trial will last 10-12 weeks in 10% of Target's stores.
North Midland Construction (NMD) In a long AGM stmt the chmn says "Group revenue increased by 19.8% to £74.55m and profitability by 11.0% to £0.64m. The net margin declined to 0.86%, which the Board continues to consider to be an unsatisfactory return." Generally good tone.
W.H. Ireland Group (WHI) FY trading gloomy but sees better 2019 FY. "As has already been widely reported by others in the sector, after a positive 2017 the Corporate and Institutional Broking division saw much reduced levels of transaction based fee income in the final few months of this reporting period...[2019] Board anticipates that the combination of lower costs in the Private Wealth Management division together with more normalised levels of transaction revenue from the Corporate and Institutional Broking division will lead to strong progress in the Group's profitability."
Mothercare (MTC) Comprehensive debt and equity refinancing of the Company: £28m equity raise, £67.5m new debt facility, £8m shareholder loans and £10m trade finance. Conditional on CVA Proposals leading to 50 stores to be closed, and material rent reductions on a further 21. But what level will it get the placing away at?
Foxtons Group (FOXT) AGM stmt. Q1 rev £24.5m (£28.7m). Lettings had a slow start to January and the timing of Easter. Sales lower. Both now improving.


Notes (do not rely on the data)
BYOT: Price=3.99. Cap=21m. F/C for current FY*: EPS= -0.1, Prospective PE= -39.9, Revenue=NA.
Byotrol is engaged in the development, patenting and sale of products based on microbial technology. Its operations are located in the United Kingdom and the United States of America.
NMD: Price=349. Cap=36m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
North Midland Construction is engaged in the civil engineering, building and public works contracting business. The Company delivers construction, design, and build projects for construction, power, highways, telecommunication, and water sectors.
WHI: Price=120.56. Cap=37m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
W H Ireland Group is a financial service provider in the United Kingdom. Its primary business is wealth management, which is inclusive of wealth management and independent advisory services and corporate broking solutions.
MTC: Price=21.3. Cap=35m. F/C for current FY*: EPS= 0.46, Prospective PE= 46.3, 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.
FOXT: Price=70.4. Cap=192m. F/C for current FY*: EPS= 1.33, Prospective PE= 52.9, Revenue=NA.
Foxtons Group is a London estate agency, offering residential property sales and lettings services through its Foxtons 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

[MrContrarian]

Smallcap Sweep. 18-May-18
Special Carpetshite rescue issue. Tread carefully.

Carpetshite (CPR) Roll up, get your discounted shares in our best ever placing and open offer. Only 28p, a suprisingly slim 16% discount for 326% of existing share cap. Fully underlayed, er underwritten.
Hunters Property (HUNT) AGM stmt: H1 expected to end slightly better than the Board anticipated. Proposals to regulate the industry and to ban certain tenant fees expected to be less significant than on other lettings only based participants.
S & U (SUS) AGM stmt: New motor loan transactions since 1 Feb were at similar levels to last year's record performance. Trailing 12 months impairment 25.8% versus 24.6% at year-end, "still comfortably within the average for the previous ten years of 26.4%." Outlook "Despite a slowing UK economy, the value used car and residential markets in which we operate remain strong and resilient. Our continuing focus on customer selection and excellent service gives us great confidence for sustainable future growth."


Notes (do not rely on the data)
CPR: Price=33. Cap=23m. F/C for current FY*: EPS= -0.4, Prospective PE= -82.5, Revenue=NA.
Carpetright and its subsidiaries are retailer of floorcoverings and beds in UK and Rest of Europe.
HUNT: Price=55. Cap=17m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Hunters Property is engaged in providing property services to consumers and businesses through franchised and licensed arrangements including for sales, lettings, and property related services.
SUS: Price=2748.8. Cap=323m. F/C for current FY*: EPS= 242.6, Prospective PE= 11.3, Revenue=NA.
S & U is engaged in providing motor finance and specialist lending service through its subsidiary Advantage Finance Limited. It serves over 80,000 customers in UK by providing credit 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

[MrContrarian]

Smallcap Sweep. 21-May-18
Annoying fluff from CYAN.

Toople (TOOP) Tiny telecoms tinpot Toople wins contract worth at least £360k over 2 yrs.
RM2 International (RM2) FY and 1.15 to 1 open offer at 1p, a 37% disc. Unusually the key investors who participated in the March placing and the Directors will not be allowed to participate in the Open Offer. FY rev $6.6m ($8.9m). Huge loss.
Omega Diagnostics (ODX) VISITECT CD4 development update - "results from feasibility testing show acceptable performance against design goals and accordingly, the Company has progressed into a formal optimisation phase within its design control programme." 'Acceptable performance'? Sounds like an old banger scraping through an MoT.
Cyanconnode (CYAN) FY and $3.2m order from India. FY highlights begins with "Order book increases during the period, Board and management team streamlined and strengthened etc etc". Poor financials coming! Rev £1.17m (£1.82m) due to delay in deployment of a large customer contract (as previously RNSed). Pretax -£11.1m (-£7.9m). "We continue to work on securing additional funding that will be required during 2018...we remain passionate about our ability to turn opportunities into revenue." Passionate! Desperate is more on the mark to stem the huge losses.
Seeing Machines Ltd (SEE) Warns FY rev A$8 less than guided due to mfr delay of Guardian Gen 2. Blames global shortage in traditionally short lead-time parts (capacitors and power supply) ie their subcontractor didn't order them early enough.


Notes (do not rely on the data)
TOOP: Price=1. Cap=1m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Toople provides telecommunication services in UK. The Company's services include business broadband, fibre, EFM & Ethernet data services, business mobile phones, cloud PBX and SIP Trunking and traditional services.
RM2: Price=1.6. Cap=83m. 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.
ODX: Price=13. Cap=9m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Omega Diagnostics Group provides in-vitro diagnostics (IVD) products for use in hospitals, blood banks, clinics and laboratories and specializes in the areas of allergy and autoimmune, food intolerance and infectious diseases.
CYAN: Price=10.68. Cap=13m. F/C for current FY*: EPS= -9.8, Prospective PE= -1.1, Revenue=NA.
CyanConnode Holdings is engaged in providing wireless communication technology for smart metering, lighting and the Internet of Things. It designs & develops solutions including Narrowband RF mesh, Ultimesh, Panmesh and Omnimesh.
SEE: Price=7.8. Cap=175m. F/C for current FY*: EPS= -0.94, Prospective PE= -8.3, Revenue=NA.
Seeing Machines provides operator monitoring and intervention sensing technologies and services for the automotive, mining, transport and aviation industries. It develops products to detect and manage driver fatigue and distraction.

* 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. 22-May-18
Marvel at the Potter Universe.

Accrol (ACRL) Open offer: 1 for 10 at 15p (same as placing price). 38% discount.
Produce Investments (PIL) warns again. As warned, weather did hit crops badly. Add in a margin squeeze and the FY profit will be substantially below mkt expectations. Moving 2019 FY end to August so that Jersey potato crop always falls within YE. What a terrible business agriculture is but is it a buying opp?
Bloomsbury (BMY) FY adj pretax up 10% to £13.2m, above market expectations. Rev up 13%. Harry Potter sales up 31%. I'm amazed at the stamina of the Potter Universe. Guides FY19 well ahead of board's previous expectations.
Mountfield Group (MOGP) orders of £2.4m, expected to be completed in this current financial year. Expect more orders from the same client this FY.
Epwin Group (EPWN) AGM stmt. Expects to meet market expectations for 2018, despite adverse weather and some continuing materials cost inflation. H2 weighting.
Joules Group (JOUL) Chmn to leave end July. Appoints CEO of DFS. "Joules is a premium lifestyle brand with an authentic heritage." A collector of zeitgeist cliches too.


Notes (do not rely on the data)
ACRL: Price=25.5. Cap=47m. F/C for current FY*: EPS= -6.3, Prospective PE= -4.0, Revenue=NA.
Accrol Group Holdings manufactures soft tissue products. Its products are away from home, toilet rolls, kitchen towels, and facial tissues.
PIL: Price=165.93. Cap=48m. F/C for current FY*: EPS= 26.7, Prospective PE= 6.2, Revenue=NA.
Produce Investments operates in the fresh potato sector with vertically integrated activities covering seed production, own growing, processing and packing, and supply to the retailers.
BMY: Price=207. Cap=151m. F/C for current FY*: EPS= 13.96, Prospective PE= 14.8, Revenue=NA.
Bloomsbury Publishing along with its subsidiaries is engaged in the publication of books and other related services. The company's publishing services include editing, marketing, selling and distribution of titles either in print or digital formats.
MOGP: Price=1.73. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Mountfield Group is engaged in the construction and fit-out of Data Centres for the IT industry together with office fit-out and refurbishment. Its segments are Construction and Fit-out.
EPWN: Price=80.53. Cap=116m. F/C for current FY*: EPS= 19.9, Prospective PE= 4.0, Revenue=NA.
Epwin Group is a manufacturer of low maintenance building products, supplying products and services to repair, maintenance and improvement.
JOUL: Price=337. Cap=288m. F/C for current FY*: EPS= 12.21, Prospective PE= 27.6, Revenue=NA.
Joules Group is a UK-based lifestyle brand which designs and sells Joules branded lifestyle clothing, accessories and homeware.

* 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. 23-May-18
Snowflakes at RTN expect FY in-line.

Clear Leisure (CLP) placing to keep the lights on at 0.95p, a 9% discount.
Restaurant Group (RTN) trading. Last 20w LFL -4.3%, but snow-adjusted -3.1%. Guides FY in-line.
Sanderson Group (SND) H1 slightly ahead of management's expectations; with rev up 34%, EPS up 44% to 2.3p. Outlook 'confidence'.
Frontier Smart Technology (FST) Trading. "Challenging trading conditions in Q2-2018 are likely to have an adverse impact on the Group's FY-2018 trading performance." Cuts FY sales guidance to $47.7m (£34.9m) and EBITDA of c. $1.0m (£0.8m). Cutting R&D spend by $2.2m and other cost cuts of $1.2m in FY. New revolving credit facility replaces one expiring Sept.
MediaZest (MDZ) guides FY revenue in line with the prior year but profitability marginally behind. £200k of profit from some last-minute orders won have fallen into FY19. Expects 'considerable' YoY improvement in H1.
Bagir Group (BAGR) Shandong Ruyi's aquisition of 54% of the Company's enlarged issued share capital taking longer than expected but both Ruyi and Board confident they will complete the deal.
Catalyst Media Group (CMX) Sports Information Service (in which CMX has 20% holding) will be hit by £2 max bet on FOBT. "The new media rights contracts that SIS has been entering into with UK and Irish racecourses will though partially mitigate the impact of the change on SIS's business, along with other mitigating actions that are being and could be implemented by SIS."
Best Of The Best (BOTB) The HMRC Strikes Back. HMRC has paid £4.5m claim but expenses need to be paid but now claims retrospective Remote Gaming Duty for a period of four years. No figure, is contesting.


Notes (do not rely on the data)
CLP: Price=1.09. Cap=7m. 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.
RTN: Price=313.6. Cap=631m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Restaurant Group (The) is an operator of restaurants and pub restaurants. Its trading brands are Frankie & Benny's, Chiquito and Coast to Coast.
SND: Price=106. Cap=72m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Sanderson Group is a provider of software solutions and IT services, to the multi-channel retail and manufacturing sectors.
FST: Price=150.7. Cap=NA. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Frontier Smart Technologies Group is a UK technology company focused on digital radio and smart audio solutions. The company provides chips, modules and software for consumer audio devices.
MDZ: Price=0.17. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MediaZest through its subsidiaries provides one-stop audio, visual, aromatic, satellite delivery, content management and consumer interaction platform to retailers and brand owners.
BAGR: Price=1.89. Cap=6m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Bagir Group is a tailoring provider engaged in developing, manufacturing and marketing of men and women’s tailored fashions. The company markets its suits, jackets, and trousers under retail private brands.
CMX: Price=75. Cap=17m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Catalyst Media Group operates in the betting industry. The company primarily provides data, pictures and other details for betting purposes covering a range of sports with a focus on horse riding and greyhounds.
BOTB: Price=236. Cap=24m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Best of the Best is a luxury car competition operator. The company is engaged in organizing various competitions including supercar competition displayed in the retail space within airport terminals, at shopping centers 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