Mr's Smallcap Sweeps for July 2018

[MrContrarian]

Smallcap Sweep. 02-Jul-18
eve kicks CEO out of bed.

eve Sleep (EVE) H1 trading. Rev up 61%, 'short of expectations'. Curtailing global expansion. CEO resigns. Adds Dreams' 193 shops to resellers.
7digital Group (7DIG) suspended - FY results miss deadline "because of the rapid growth of 7digital in the last 18 months a complex audit process with new auditors." Six months? What bollx!
Filtronic (FTC) H2 trading broadly in line with market guidance. Guides rev £24m (£35.4m), operating profit £1.8m (£1.7m) and EBITA £1.9m (£1.8m).
SRT Marine Systems (SRT) Japan Radio Corporation to sell SRT AIS kit under own brand. It's "one of the world's leading commercial marine electronics companies". No numbers.
Trakm8 (TRAK) FY. Warns H1'19 rev and profit down but still guides FY19 in line.


Notes (do not rely on the data)
EVE: Price=66. Cap=95m. F/C for current FY*: EPS= -10.74, Prospective PE= -6.1, Revenue=NA.
eve Sleep is an e-commerce focused, direct to consumer European sleep brand which designs and sells eve branded mattresses and other sleep products, including pillows, sheets and duvets.
7DIG: Price=4.47. Cap=15m. F/C for current FY*: EPS= -1.7, Prospective PE= -2.6, Revenue=NA.
7digital Group provides streaming, downloading, radio solutions, production and promotions of music through its cloud-based technology and owned music rights.
FTC: Price=11.08. Cap=21m. F/C for current FY*: EPS= 1.19, Prospective PE= 9.3, Revenue=NA.
Filtronic designs and manufactures broadband microwave and base station filter products for wireless telecommunications systems. Its products include wireless communication equipment and point-to-point communication systems.
SRT: Price=30.15. Cap=46m. F/C for current FY*: EPS= 3.2, Prospective PE= 9.4, Revenue=NA.
SRT Marine Systems is engaged in development & supply of Automatic Identification System based maritime domain awareness technologies, derivative product & system solutions for use in maritime applications.
TRAK: Price=106.98. Cap=43m. F/C for current FY*: EPS= 7.77, Prospective PE= 13.8, Revenue=NA.
Trakm8 Holdings is a UK based Big Data company. The company through its subsidiaries is engaged in manufacturing, marketing, and distribution of vehicle telematics equipment and 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. 03-Jul-18
McBride slide.

Utilitywise (UTW) -collaboration with Vodafone and Dell EMC to launch an innovative Internet of Things (IoT) energy and building management platform. Lots of leveraging synergy speak. "This is a truly ground-breaking technology...a great example of how IoT is being used to disrupt and innovate...advanced data ingestion." It's giving me indigestion. No numbers.
Marshall Motor Holdings (MMH) CFO off as soon as new one hired. Kind words
McBride (MCB) warns FY adj pretax marginally below lowest forecast. Blames weak May and June. Does not say what F/C is. Peel Hunt (not house) is lowest of most recent pair at £34m and EPS 13p. Consensus 13.1p.


Notes (do not rely on the data)
UTW: Price=27.95. Cap=21m. F/C for current FY*: EPS= 9.1, Prospective PE= 3.1, Revenue=NA.
Utilitywise provides utility management solutions to all types of business in the United Kingdom and Europe. The company negotiates for rates with energy suppliers and provides an account care service, and offers products and services.
MMH: Price=164.87. Cap=126m. F/C for current FY*: EPS= 23.2, Prospective PE= 7.1, Revenue=NA.
Marshall Motor Holdings is engaged in the business of automotive retailing and leasing. The company through its franchise offering involves in the car and commercial vehicle sales, leasing, servicing of vehicles and associated activities.
MCB: Price=132. Cap=241m. F/C for current FY*: EPS= 13.09, Prospective PE= 10.1, Revenue=NA.
McBride is a supplier of private label household and personal care products. The company and its subsidiaries develop and produce products for the majority of retailers and major brand owners in Europe and Asia.

* 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-Jul-18


Venn Life Sciences (VENN) placing at 6p, a 9% discount, for an acquisition.
Thruvision Group (THRU) tender offer at 17p. SP was 14.45p.
Connect Group (CNCT) renews distribution contract with NewsUK until 2024. Currently c£200m PA.
Churchill China (CHH) good H1 sales in Europe so guides FY ahead of its earlier expectations.
Gresham Technology (GHT) guides FY adjusted EBITDA broadly in line after weak H1 in Australia. But also say "Management remains confident in the full year outlook." ??
Creo Medical Group (CREO) UK Framework Distribution Agreement with Diagmed Healthcare for CROMA advance energy platform and Speedboat products. "This agreement is the next significant milestone in the commercialisation of our lead product, Speedboat RS2."
Topps Tiles (TPT) Q3 LFL down 2.3%, 0.1% worse than Q2. "The trading environment remained challenging during the third quarter but we are pleased with the resilience of our performance." No FY guidance.


Notes (do not rely on the data)
VENN: Price=7.01. Cap=3m. F/C for current FY*: EPS= 0.4, Prospective PE= 17.5, Revenue=NA.
Venn Life Sciences Holdings plc is engaged into a Clinical Research Organisation (CRO) providing a suite of consulting and clinical trial services to pharmaceutical, biotechnology, and medical device organizations.
THRU: Price=14.25. Cap=24m. F/C for current FY*: EPS= -2, Prospective PE= -7.1, Revenue=NA.
Thruvision Group together with its subsidiary is a specialist provider of people-screening technology to the global security market. It develops, markets and sells people screening technology used in weapons and explosives detection and contraband.
CNCT: Price=29.7. Cap=75m. F/C for current FY*: EPS= 13.69, Prospective PE= 2.2, 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.
CHH: Price=987.9. Cap=112m. F/C for current FY*: EPS= 59.44, Prospective PE= 16.6, Revenue=NA.
Churchill China is a manufacturer and distributor of tabletop products to the Hospitality and Retail sectors. The company operates in two business segments, Hospitality, and Retail.
GHT: Price=197. Cap=134m. F/C for current FY*: EPS= 6.58, Prospective PE= 29.9, Revenue=NA.
Gresham Technologies is a software services company providing a real-time transaction control and enterprise data integrity solutions. The company operates in two reportable segments; Clareti Solutions and Other Solutions.
CREO: Price=128.72. Cap=102m. F/C for current FY*: EPS= -9.5, Prospective PE= -13.5, Revenue=NA.
Creo Medical Group is a medical device company focused on surgical endoscopy. It has developed an electrosurgical platform that delivers microwave and bipolar radiofrequency.
TPT: Price=63. Cap=123m. F/C for current FY*: EPS= 16.85, Prospective PE= 3.7, Revenue=NA.
Topps Tiles is engaged in the retail distribution of ceramic and porcelain tiles, natural stone, wood flooring and related products. It includes product such as bathroom tiles, kitchen tiles, floor tiles, wall tiles and other tools and essentials.

* 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]

Smallcap Sweep. 04-Jul-18


Topps Tiles (TPT) Q3 LFL down 2.3%, 0.1% worse than Q2. "The trading environment remained challenging during the third quarter but we are pleased with the resilience of our performance." No FY guidance.


Notes (do not rely on the data)
TPT: Price=63. Cap=123m. F/C for current FY*: EPS= 16.85, Prospective PE= 3.7, Revenue=NA.
Topps Tiles is engaged in the retail distribution of ceramic and porcelain tiles, natural stone, wood flooring and related products. It includes product such as bathroom tiles, kitchen tiles, floor tiles, wall tiles and other tools and essentials.

@MrContrarian

Topps have had a run of weak sales for quite a while now. Is this company-specific, sector-wide, or a sign of something bigger ?

regards, dspp

[MrContrarian]

Smallcap Sweep. 05-Jul-18
Non-linear BS paradigm.

Elecosoft (ELCO) acquires Shire Systems for £6.3m cash. Shire Systems 2017 rev £1.9m, profit before tax £0.7m. Will be earnings enhancing in H2.
Boxhill Technologies (BOX) warns - "a substantial decline in certain payment processing revenues during May and June due to a requirement by particular banks to change the nature of transactions they are willing to deal with following regulatory changes. The Company are progressing a number of actions to address the issues." So they were aware of the issue in May!
Utilitywise (UTW) Strategy Update. Adds 2 new financial targets. "Underlying Free Cash Flow of the Group of at least £10m in FY21; and Group net cash position by 31 July 2021, with the path to that position being non-linear to allow for, in particular, investments during the year ended 31 July 2019." Non-linear = don't expect much improvement soon. Expect to see inflexion point, tangential, exponential and other words from the Dummies Guide to Clever Sounding Bullshit in due course.


Notes (do not rely on the data)
ELCO: Price=75.5. Cap=58m. F/C for current FY*: EPS= 3.5, Prospective PE= 21.6, Revenue=NA.
Elecosoft is engaged in providing software and related services to the architectural, engineering and construction industries. The Company sells software licences, software maintenance and support and related services.
BOX: Price=0.08. Cap=2m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Boxhill Technologies is engaged in providing payment solutions for the commercial sectors across Lottery and eCommerce. The company’s payment processing helps merchants to accept alternative payment options.
UTW: Price=30.5. Cap=26m. F/C for current FY*: EPS= 9.1, Prospective PE= 3.4, Revenue=NA.
Utilitywise provides utility management solutions to all types of business in the United Kingdom and Europe. The company negotiates for rates with energy suppliers and provides an account care service, and offers products and 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. 06-Jul-18
Rev wilting warns WIL.

Wilmington (WIL) guids FY adj pretax broadly in line with market expectations. "This level of profitability has been achieved despite revenue being lower than previously expected at around £122m, with cost reduction actions offsetting the impact of the revenue shortfall. Certain of these actions were one-off in their nature and are not expected to benefit the current financial year." Guides this FY rev growth of low single digit % and profit down by high single digit %.
Integumen (SKIN) won't proceed with the reverse takeover of Cellulac. Instead discussing buying a minority stake in Cellulac. Shares still suspended.
Brack Capital Real Estate Investments (BCRE) proposes delisting then listing on Euronext Access. €2m max buyback. "In line with the revised strategic plan, the Company will consider distributions to shareholders, by way of share buyback, dividend or otherwise."


Notes (do not rely on the data)
WIL: Price=240. Cap=214m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Wilmington is an information services provider offering education and networking capabilities to its clients. Key focus areas include Risk & Compliance, Finance, Legal and Insight.
SKIN: Price=0.85. Cap=2m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Integumen is a personal health care company. It develops and commercializes technology and products for the human integumentary system that may improve physical appearance, hygiene and general health outcomes.
BCRE: Price=0.6. Cap=66m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
BCRE-Brack Capital Real Estate Investments NV is an internationally active real estate investment, development, and management group.

* 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-Jul-18


Xpediator (XPD) £7, placing at 70p, 1 19% discount, to fund acqusition of a contract logistics and warehousing business based at the Port of Southampton.
Miton Group (MGR) Aum up £700m in H1 and £1.2bn YoY to £4.5bn.


Notes (do not rely on the data)
XPD: Price=87. Cap=130m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Xpediator is an integrated freight management business. The Group has three main business areas: freight forwarding services; logistics and warehousing; and transport services.
MGR: Price=57. Cap=99m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Miton Group is a fund management company. Its funds are invested in a range of asset classes under various investment mandates, including multi-asset, equity, and portfolios of collective investment schemes.

* 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-Jul-18


MySale Group (MYSL) guides FY EBITDA at least in line with the top end of market expectations of A$11.8m (A$8.7m).
Arcontech Group (ARC) guides FY profit comfortably ahead of market expectations.
Telit Communications (TCM) [last night] "The administrators to BAMES* have taken steps to bring a civil claim against Telit regarding its involvement with BAMES. Telit considers, after having taken legal advice, that the claim is without merit and intends to vigorously defend its position." As previously disclosed: "In 2016, Telit became aware of a criminal investigation against a number of parties with respect to BAMES' insolvency including Telit's former CEO. Telit was not and is not formally involved in these criminal legal proceedings."
Cambian (CMBN) approach from CareTech. Mooted price is: paper and cash 220p or cash alternative 200p.


Notes (do not rely on the data)
MYSL: Price=59. Cap=95m. F/C for current FY*: EPS= 1.42, Prospective PE= 41.5, Revenue=NA.
MySale Group operates an online retail and wholesale business selling men's, ladies and children's apparel, accessories, beauty and homeware items.
ARC: Price=73.5. Cap=11m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Arcontech Group along with its subsidiaries is engaged in the development and sale of proprietary software and provision of computer consultancy services.
TCM: Price=161.7. Cap=212m. F/C for current FY*: EPS= 11.54, Prospective PE= 14.0, 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.
CMBN: Price=148.2. Cap=270m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Cambian Group is a provider of healthcare services in the United Kingdom. It specializes in providing behavioral health services mainly for the children in the United Kingdom.

* 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-Jul-18


Ilika (IKA) £4m placing and £1m open offer at 20p, a 13% discount. Needed for larger battery development but mainly for keeping the lights on (£3m). "Ilika has now extended its commercialisation roadmap to include large format Stereax cells for automotive power and now intends to build a new pre-pilot production line." I don't see how the orders of magnitude increase in capacity will be achieved. The Stereax M250 cell (albeit very small) has 10,000 less capacity than a typical Li-on cell.
Fishing Republic (FISH) guides H1 rev £3.4m (£4.1m). Store LFL -22%. Q1 margins below the Company's expectations mainly as a result of clearing old product lines. They knew they were doing that, right? Q2 margins improved, close to 2017. Absurdly slow reporting of dismal Q1.
PCI PAL (PCIP) guides FY broadly in line with expectations. "Our stated strategy is to focus on the channel sales route to market, evolving away from our previous mainly direct sale route. I am pleased at how quickly this evolution is happening albeit that we are still learning the timelines of the contracting, testing and go-live process."
Swallowfield (SWL) guides FY broadly in line with expectations. Rev flat but pre-tax significantly up despite underlying operating profit marginally behind last year. F/V is for rev up 1%,
Safestyle UK (SFE) warns FY rev below market expectations and small U/L pretax loss. Blames weaker consumer spending, loss of significant numbers of canvass, sales and installation staff to the new competitor.
Frenkel Topping (FEN) warns H1 operating profit halved YoY and FY profit below market expectations.


Notes (do not rely on the data)
IKA: Price=24. Cap=16m. F/C for current FY*: EPS= -2.5, Prospective PE= -9.6, Revenue=NA.
Ilika discovers and develops novel materials for mass market applications. It develops materials for corrosion resistant alloys, metal catalysts and hydrogen storage alloys.
FISH: Price=7.92. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Fishing Republic is engaged in retailing, production and wholesaling of fishing equipment. It also offers bait, lines, hooks clothing and luggage products.
PCIP: Price=28.7. Cap=8m. F/C for current FY*: EPS= -9.61, Prospective PE= -3.0, Revenue=NA.
PCI-PAL provides secure payment services for business. It offers products and services that enable organisations to securely take customer payments, and safely store customer data from the threat of data loss and cybercrime.
SWL: Price=306. Cap=52m. F/C for current FY*: EPS= 23.33, Prospective PE= 13.1, Revenue=NA.
Swallowfield is engaged in the development, formulation, and supply of personal care and beauty products. It offers products, including deodorants, shaving products, post foaming gels, body lotions, body gels, shower gels, eye pencils and lip glosses.
SFE: Price=49.68. Cap=42m. F/C for current FY*: EPS= 4.2, Prospective PE= 11.8, 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.
FEN: Price=35. Cap=20m. F/C for current FY*: EPS= 3.2, Prospective PE= 10.9, Revenue=NA.
Frenkel Topping Group is engaged in the financial services sector. Its activities include specialist independent financial advice and wealth management with the objective of growing the assets under management.

* 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-Jul-18
Superyacht supershocker, CLP claptrap.

GYG (GYG) warns FY rev flat and adjusted EBITDA to be materially below the Board's expectations at approximately €5m. "Trading has been significantly weaker than expected in the first half of the year due to lower than expected project wins in New Build and some additional delays in anticipated Refit contracts." But in April GYG said "We have had an encouraging start to 2018, with a busy first quarter in refit...the Board looks to the future with confidence". Only taken a year after listing to warn.
Clear Leisure (CLP) Hype of the day. "our intention is to investigate other business opportunities for blockchain applications, which we believe will become, in a few short years, the backbone to most service industries around the world.” It's a secure ledger method. It won't be a backbone any more than EPOS is the backbone of Pret a Manger.


Notes (do not rely on the data)
GYG: Price=131.13. Cap=57m. F/C for current FY*: EPS= 11.14, Prospective PE= 11.8, Revenue=NA.
GYG is a superyacht painting supply and maintenance company, offering services through operations in the Mediterranean, Northern Europe and the United States.
CLP: Price=0.77. 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. 13-Jul-18


Tanfield Group (TAN) intends to impair the Snorkel investment value from £36.3m to £19.1m ($25.3m) = 12p/sh..
Rhythmone (RTHM) Q1 in line. Two NEDs resign ahead of AGM.
Telit Communications (TCM) as leaked, agrees sale of automotive division to a Chinese co for $105m, subject to working capital, debt etc adjustments with an overall cap of $125m. Sale expected to complete by the end of 2018, subject to several conditions being satisfied. Cash "will be used to reduce the Group's debt (net debt $25m) and strengthen the Group's cash position." Why on earth wouldn't they just clear the debt? I don't like the sound of it.


Notes (do not rely on the data)
TAN: Price=11.9. Cap=18m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Tanfield Group is an investment company. Its objective when managing capital is to protect returns to shareholders.
RTHM: Price=175. Cap=134m. F/C for current FY*: EPS= 7.98, Prospective PE= 21.9, Revenue=NA.
RhythmOne is an internet media platform that connects digital consumers with advertisers through professionally generated content and offers a video search engine.
TCM: Price=165.2. Cap=215m. F/C for current FY*: EPS= 3.6, Prospective PE= 45.9, 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.

* 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-Jul-18


IDE Group (IDE) Warns on H1. "Whilst profitability was expected to improve steadily throughout 2018 the expected benefits of the cost reduction programme have not been realised at the anticipated rate." Net debt £13m. "The reduction in one-off project revenues combined with the disproportionate cost base has continued to affect the Group's cash generation. The Company raised £2 million by way of the issue of unsecured loan notes in May 2018 to support the Company's working capital needs, and the Board continues to review the Group's options with respect to raising further capital."
Totally (TLY) About Health awarded £800k PA contract over 2 years, option for further 2.
Defenx (DFX) Getting firm orders is taking even longer than previously anticipated. Cash will run out in September. Talking with majority shareholder to secure funding. Still no finals, still suspended.
Local Shopping REIT (LSR) sold 20 properties for an aggregate price of £3.7m, representing a 7.2% discount to carrying value before sales cost of 4.6%. Previous 15 properties sold at 2.6% discount. Oh dear.
Northern Bear (NTBR) FY rev up 17%. Adj EPS 12.5p up 11%. Final div 3p (2.5p) but special div only 1p (1.5p). "Continuing operations traded strongly and ahead of management expectations over the course of the financial year." I think this is as per Feb FY trading RNS. Strong current order book.


Notes (do not rely on the data)
IDE: Price=9.2. Cap=15m. F/C for current FY*: EPS= 4.96, Prospective PE= 1.9, 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.
TLY: Price=23.01. Cap=13m. 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.
DFX: Price=13. Cap=3m. F/C for current FY*: EPS= 17.95, Prospective PE= 0.7, Revenue=NA.
Defenx provides security solutions with a range of products for mobile devices and PCs and protecting them against hackers and data loss.
LSR: Price=31. Cap=26m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Local Shopping REIT (The) is a real estate investment trust. It owns a diversified portfolio comprising local shopping assets in urban and suburban centres throughout the United Kingdom.
NTBR: Price=80.6. Cap=17m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Northern Bear engages in providing specialist building services in Northern England. The company operates its business in three segments; Roofing, Materials Handling and Building 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. 17-Jul-18
A fine lack of transparency at SFE.

Image Scan Holdings (IGE) to buy Todd Research, UK developer and manufacturer of X-ray systems for security, for £3.25m. Funded by placing, subscription and vendor loan notes. £1.25m placing by bookbuild.
Ideagen (IDEA) FY in line but says rev £1m ahead of 'original expectations'. Er, when was that origin?
Safestyle UK (SFE) Court hearing upheld a number of injunctive orders previously made preventing new rival Safeglaze UK and certain named individuals from undertaking various actions. Those Orders have been made on an interim basis. Fails to stop it using Safeglaze UK brand. No mention of yesterday's fine of £120k for aggressive sales techniques and lying to customers. Perhaps it doesn't want to draw shareholders' attention to it.


Notes (do not rely on the data)
IGE: Price=5.25. Cap=32019m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Image Scan Holdings is engaged in designing, manufacturing and supply of portable and fixed x-ray security screening systems to governments, security organisations and law enforcement agencies.
IDEA: Price=124.33. Cap=232m. F/C for current FY*: EPS= 4.2, Prospective PE= 29.6, 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.
SFE: Price=NA. Cap=NA. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.

* 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-Jul-18
SRT shocking revenue twist.

SRT Marine Systems (SRT) stiffed by another Gov't. A SE Asian government customer cancels €28.5m fisheries monitoring project announced in March 2018. It has decided not to use an overseas development assistance loan from a European government funding, but its own. Rev for FY18 (ended March!) reduced by £8.2m to £5.3m resulting in a loss before tax and exceptional items for the year of £4.3m. C/F not affected. Customer says it will place new contract.
Real Good Food (RGD) £1m open offer at 5p (a 55% discount!) to keep the lights on.
Bagir Group (BAGR) 'Strategic Partnership' going ahead. Shandong Ruyi will pay $16.5m for 54% of the Company's enlarged share capital.
Omega Diagnostics (ODX) appoints distributors in Ghana, Zambia and Zimbabwe for its CD4 HIV test. Approvals needed.
Carr's Group (CARR) FY trading slightly ahead of the Board's previous expectations (detailed in the Group's interims).
Mpac Group (MPAC) warns FY profits expected to be around £1.2m below current market expectations. Blames soft market (Brexit natch') and delays in 2 legacy projects.


Notes (do not rely on the data)
SRT: Price=29.23. Cap=41m. F/C for current FY*: EPS= 1, Prospective PE= 29.2, Revenue=NA.
SRT Marine Systems is engaged in development & supply of Automatic Identification System based maritime domain awareness technologies, derivative product & system solutions for use in maritime applications.
RGD: Price=11.8. Cap=10m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Real Good Food is engaged in sourcing, manufacturing, and distribution of food to the retail and industrial sectors. Its products include sugar, baking ingredients, jams and sweet bakery products and among others.
BAGR: Price=1.44. Cap=4m. F/C for current FY*: EPS= -0.31, Prospective PE= -4.6, 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.
ODX: Price=14.78. Cap=26m. 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.
CARR: Price=165. Cap=149m. F/C for current FY*: EPS= 12.77, Prospective PE= 12.9, Revenue=NA.
Carr's Group along with its subsidiaries manufactures cereals and farm livestock products. The company operates through segments including Agriculture and Engineering.
MPAC: Price=218.5. Cap=48m. F/C for current FY*: EPS= 9.9, Prospective PE= 22.1, Revenue=NA.

* 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-Jul-18
Soccer result shocker for GOAL.

Goals Soccer Centres (GOAL) warns again. FY expected to be materially below market expectations due to the extreme weather in H1. H1 rev £16.1m (2017: £16.6m). CFO resigns with immediate effect. Kind words.
Allergy Therapeutics (AGY) Proposed placing & subscription at 26.5p (a 4.5% discount) to raise £10.6m. Needed to expand the planned Phase III PQ Grass Trial, part fund the Acarovac Phase II Trial and continue to progress its diversified pipeline.
Green & Smart Holdings (GSH) raises £3.2m via subscription by Serba Dinamik International Ltd at 6.19p, a 6% discount.
Be Heard Group (BHRD) warns FY adjusted EBITDA £3.0m to £3.3m, revenue ~£29.0m. Blames increased costs associated with winning new business, uncertainty around contract timing and client spend volatility. Lame excuses. Cutting costs.
W.H. Ireland Group (WHI) CEO resigns, steps down end July. He is thanked. New CEO will be Phillip Andrew Wale, Head of Fixed Income (Europe) at Cantor Fitzgerald Europe. So WHI sat on the resignation for a while. Being a nomad this is clearly best practice.


Notes (do not rely on the data)
GOAL: Price=85.22. Cap=64m. F/C for current FY*: EPS= 6.87, Prospective PE= 12.4, Revenue=NA.
Goals Soccer Centres is engaged in the operation of outdoor soccer centres across the United Kingdom.
AGY: Price=28. Cap=167m. F/C for current FY*: EPS= -1.6, Prospective PE= -17.5, Revenue=NA.
Allergy Therapeutics is a pharmaceutical products company. It develops therapies for allergy based diseases, having its primary market in Germany.
GSH: Price=6.48. Cap=20m. F/C for current FY*: EPS= 0.43, Prospective PE= 15.1, Revenue=NA.
Green & Smart Holdings operates in the renewable energy sector in Malaysia, focusing on the generation of power from biogas captured through the treatment of Palm Oil Mill Effluent.
BHRD: Price=1.91. Cap=19m. F/C for current FY*: EPS= 4.22, Prospective PE= 0.5, Revenue=NA.
Be Heard Group is a digital marketing group operating at the intersection of marketing, technology, and e-commerce.
WHI: Price=130. Cap=42m. 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.

* 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-Jul-18


Feedback (FDBK) CEO resigns with immediate effect 'in order to devote more time to his other business interests.' Kind words but he'd only been CEO for 5 months. In April he said "I look forward to delivering continued progress towards our long-term vision." We want the truth.
Bango (BGO) H1 trading End User Spend (EUS) £220m (£92m) "continues its four-year growth trend of at least doubling every twelve months...Our competitive customer offering has been greatly enhanced by Audiens, allowing global merchants to boost customer acquisition and revenue through powerful data insights. This combined proposition is driving EUS and revenue growth, positioning Bango well for a strong second half of the year." In line? No guidance.


Notes (do not rely on the data)
FDBK: Price=2.34. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Feedback through its subsidiaries is engaged in providing medical imaging tools for clinical decision makers. It develops software and systems that provide techniques and workflows for practitioners involved in medical research and treating patients.
BGO: Price=163. Cap=114m. F/C for current FY*: EPS= 0.2, Prospective PE= 815.0, Revenue=NA.
Bango is an investment holding company. The Company is enagged in development, marketing and sale of technology to enable mobile phone users to make payments for content and media on connected devices. Its product line include Bango Payment Platform.

* 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-Jul-18


Escape Hunt (ESC) signs five year exclusive licence agreement with BBC Studios to create Doctor Who themed escape rooms in the UK. Opening December to follow the autumn launch of new series. Sounds great but that license won't be cheap.
Kromek Group (KMK) New contracts to develop next generation radiation detection solutions for US Gov't. The two contracts are worth a $2.6m min., to be delivered over the next three years with a potential two-year extension to $3.3m total.
SRT Marine Systems (SRT) Diabolical FY as warned in contract cancellation RNS. EPS -4.09p (1.14p). "I recognise that we are measured on the profits that SRT delivers and to that end expect SRT to measure up to expectations in the near future." DO you know any other tunes Simon?
Biome Technologies (BIOM) Q1 £4.3m, up 43%. Board remains confident in the Group's outlook for the remainder of the year. Is that in line?
Getbusy (GETB) is not aware of any reason for the price movement. It's up a third in a week.
Shield Therapeutics (STX) Yet another director change as a 2nd interim CFO joins. Lost Chmn in June and CFO in Sept


Notes (do not rely on the data)
ESC: Price=113.25. Cap=19m. F/C for current FY*: EPS= -3.57, Prospective PE= -31.7, 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.
KMK: Price=28. Cap=77m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Kromek Group is the developer of radiation detectors based on cadmium zinc telluride, providing improved detection and characterisation capabilities within the medical imaging, nuclear detection, and security screening markets.
SRT: Price=26.5. Cap=38m. F/C for current FY*: EPS= 1, Prospective PE= 26.5, Revenue=NA.
SRT Marine Systems is engaged in development & supply of Automatic Identification System based maritime domain awareness technologies, derivative product & system solutions for use in maritime applications.
BIOM: Price=390. Cap=10m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Biome Technologies is an innovator and supplier of biodegradable natural polymers. The company operates in two segments, Bioplastics Division producing bio-degradable products and the Radio Frequency Division designing Radio Frequency furnaces.
GETB: Price=65.5. Cap=34m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
GetBusy through its subsidiaries provides document management software with a highly secure form of digital document distribution. Its products include SmartVault, and Virtual Cabinet.
STX: Price=39. Cap=47m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Shield Therapeutics is focused on the development and commercialization of late-stage, hospital-focused pharmaceuticals. It is a specialty pharmaceutical company.

* 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. 24-Jul-18
Broker choker.

Cambian (CMBN) CareTech improves offer to 201.5p (0.267 new CareTech shares and 100p) or 190p cash.
IQE (IQE) has renegotiated its long-term supply contract with a premier tier one customer for the supply of wafer products used in wireless applications.,Larger range of products covered and increased the overall IQE share of the customers’ epiwafer requirements . Worth ~$60m through to September 2019.
Cenkos Securities (CNKS) warns FY revenue expected to be materially below 2017. Blames market volatility in Q1. Q2 has slowly improved, although several transactions completed a month late. Expect H2 to be stronger than H1. No F/C.
Bioquell (BQE) H1 pretax up 41%. Guides FY profit above current market expectations.
Ebiquity (EBQ) warns on FY. Blames uncertainty arising from the UK Competition and Markets Authority investigation into the planned disposal of the Intel segment. H1 Intel LFL -9%. Investigation formally due to complete by December 2018.
Gresham Tech (GHT) H1 rev down 5%. Clareti new licence sales in Q2 lower than expected due primarily to the delay of some new contracts into H2. Outlook - lot of words "We will continue to closely manage our non-Clareti installed base, and whilst we expect to see a continued decline in our legacy software fees, we expect this to be broadly offset by an increase in lower margin sub-contracting revenues on a full year basis. The Group will continue to manage its cost base carefully with modest investment in the second half of 2018 focused on revenue generating functions...I am confident we are on a positive track..." A warning then I think.
Countrywide (CWD) H1 trading: adj EBITDA slightly better than guidance. Still guides FY in line. Will announce H1 and refinancing by 2 Aug.
Fulham Shore (FUL) FY up 35%. Adj pretax £3.5m (4.8m). Q1 encouraging. Confident that the Group will continue to perform well.


Notes (do not rely on the data)
CMBN: Price=185. Cap=341m. F/C for current FY*: EPS= 5.19, Prospective PE= 35.6, Revenue=NA.
Cambian Group is a provider of healthcare services in the United Kingdom. It specializes in providing behavioral health services mainly for the children in the United Kingdom.
IQE: Price=101.4. Cap=803m. F/C for current FY*: EPS= 3.53, Prospective PE= 28.7, Revenue=NA.
IQE is an international supplier of advanced wafer products and wafer services to the semiconductor industry. It serves wireless, photonics, infrared, solar, cmos++ and power markets.
CNKS: Price=102.7. Cap=57m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Cenkos Securities is an independent, specialist institutional securities group, focused on small and mid-cap companies.
BQE: Price=369. Cap=86m. F/C for current FY*: EPS= 11.48, Prospective PE= 32.1, Revenue=NA.
Bioquell is engaged in the design, manufacture, and supply of bio-decontamination and containment equipment. Its products are related to the pharmaceutical, healthcare and defense industries, and testing services to the aerospace, defense.
EBQ: Price=54. Cap=38m. F/C for current FY*: EPS= 8.85, Prospective PE= 6.1, Revenue=NA.
Ebiquity plc is a United Kingdom-based holding company. The company is engaged in providing independent marketing analytics and insights across the marketing and media landscape
GHT: Price=156.5. Cap=104m. F/C for current FY*: EPS= 6.58, Prospective PE= 23.8, Revenue=NA.
Gresham Technologies is a software services company providing a real-time transaction control and enterprise data integrity solutions. The company operates in two reportable segments; Clareti Solutions and Other Solutions.
CWD: Price=48.9. Cap=119m. F/C for current FY*: EPS= 6.98, Prospective PE= 7.0, 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.
FUL: Price=NA. Cap=NA. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Fulham Shore (The) is engaged in the operation and management of restaurants. It's only one geographical area is United Kingdom.

* 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. 25-Jul-18


APC Technology (APC) placing at 6.75p (nil discount) to fund a paper and cash acquisition.
Earthport (EPO) FY trading. Rev up 5%. Adjusted EBITDA loss increased by ~£1.9m to £4.8m but is below that previously expected.. "A challenging year for Earthport, with delays in implementation of client contracts and a change at one of the Group's leading e-commerce clients announced in December 2017." Increased loss due to cost of "delivering improvements to the Group's cost base and operational efficiency." Holders will be almost delighted.
Vertu Motors (VTU) AGM stmt. First 4 months in line. Interesting comment "expected, we are now experiencing longer new vehicle lead times from some Manufacturers, resulting in short term new vehicle supply volatility, as they manage the changes required ahead of the introduction of the Worldwide Harmonised Light Vehicle Test Procedure [new fuel consumption and emissions testing rules] on 1 September 2018. There is the potential for these supply constraints to extend from quarter 3 into quarter 4 of the calendar year, as Manufacturers balance supply, production and the availability of testing capacity on either side of the implementation of the new testing regime."
Tern (TERN) Placing at 26p, a 21% disc.


Notes (do not rely on the data)
APC: Price=6.68. Cap=9m. F/C for current FY*: EPS= 0.42, Prospective PE= 15.9, Revenue=NA.
APC Technology Group is engaged in providing designs, specifications and distribution electronic components and systems, lighting technologies and connectivity products to the aerospace, industrial, real estate, logistics and healthcare sectors.
EPO: Price=10.17. Cap=64m. F/C for current FY*: EPS= -1.96, Prospective PE= -5.2, Revenue=NA.
Earthport is engaged in providing cross-border payment services to business enterprises and banks through the combination of a network of segregated bank accounts.
VTU: Price=51. Cap=187m. F/C for current FY*: EPS= 5.25, Prospective PE= 9.7, Revenue=NA.
Vertu Motors is an automotive retailer in the United Kingdom sells new and used vehicles, with related after-sales services.
TERN: Price=32.75. Cap=76m. 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.

* 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

[Clitheroekid]

Vertu Motors (VTU) AGM stmt. First 4 months in line. Interesting comment "expected, we are now experiencing longer new vehicle lead times from some Manufacturers, resulting in short term new vehicle supply volatility, as they manage the changes required ahead of the introduction of the Worldwide Harmonised Light Vehicle Test Procedure [new fuel consumption and emissions testing rules] on 1 September 2018. There is the potential for these supply constraints to extend from quarter 3 into quarter 4 of the calendar year, as Manufacturers balance supply, production and the availability of testing capacity on either side of the implementation of the new testing regime."

I can't stand the pompous and obtuse language used by the morons who write corporate statements.

Why couldn't they just say:

"Because of the new emissions testing regime some car manufacturers are temporarily reducing production, possibly leading to some supply shortages over the next few months."

Do said morons get paid by the word?