Mr's Smallcap Sweeps for July 2018

[MrContrarian]

Smallcap Sweep. 26-Jul-18
Div divisions. MTU to pay more, IPEL scraps.

1Spatial (SPA) £8m placing at 3.75p, a 6% disc. Also 10:1 consolidation.
Veltyco Group (VLTY) H1 trading. Rev in line but EBITDA for the period is likely to be marginally below budget due to increased marketing spend on Bet90 after disappointing growth.
Bonmarche Holdings (BON) Q1 rev up 2.7%. Guides FY in line. Will maintain a progressive dividend policy, cutting earnings cover to 2.0x to 2.5x from 2.5-3x. "Attainment of a cover within this range will be accomplished over a period of time, and that assuming profits grow, future dividends will be increased at a rate which simultaneously increases the dividend cover."
Impellam Group (IPEL) H1 adj EPS 25.1p down 16%. Managed Services businesses in the UK, US and Australasia performed ahead of expectations but overall sounds in line. Will scrap div and buyback shares to same value over 12 months.
Montanaro UK Smaller Companies Investment Trust (MTU) increases div policy to 1% of NAV per Q, to "broaden the appeal of the Company's shares particularly to retail investors."


Notes (do not rely on the data)
SPA: Price=3.82. Cap=28m. F/C for current FY*: EPS= -0.13, Prospective PE= -29.4, Revenue=NA.
1Spatial along with its subsidiaries is engaged in the development and sale of IT software along with related consultancy and support. The Company operates in segments including Geospatial and Cloud Services.
VLTY: Price=63.66. Cap=45m. F/C for current FY*: EPS= 9.47, Prospective PE= 6.7, Revenue=NA.
Veltyco Group is a marketing firm engaged in the gaming, binary options, and lottery business. It enters into marketing agreements with platform operators mainly from British Virgin Islands and the Isle of Man.
BON: Price=113.9. Cap=57m. F/C for current FY*: EPS= 12.86, Prospective PE= 8.9, Revenue=NA.
Bonmarche Holdings is a women's fashion retailer. It sells stylish, premium quality clothing and accessories in a wide range of sizes to mature women via its own stores, website, mail order catalogues and through the Ideal World TV shopping channel.
IPEL: Price=460. Cap=236m. F/C for current FY*: EPS= 81.5, Prospective PE= 5.6, Revenue=NA.
Impellam Group provides managed and specialist staffing services. The company has managed services and specialist staffing segments
MTU: Price=114. Cap=192m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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. 27-Jul-18


Seeing Machines (SEE) design win, working with a major Tier 1 partner, for a Chinese OEM to deliver Driver Monitoring using SEE's FOVIO Chip. Mass production is scheduled from 2019. No numbers. SEE grandly states it makes "AI powered operator monitoring systems". The FOVIO chip has algorithms optimised using machine learning but there's no AI in it.
Holders Technology (HDT) H1 swings into profit. EPS 1.56p (-1.56p) on rev up 7%. "Following the LED restructuring reported last year, I am pleased to report that both LED divisions made good progress." Don't know if it's in line. No forecasts for this nanocap.


Notes (do not rely on the data)
SEE: Price=10.95. Cap=233m. F/C for current FY*: EPS= -0.96, Prospective PE= -11.4, 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.
HDT: Price=46.64. Cap=3m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Holders Technology distributes electronic materials and equipment. It is engaged in the supply of laminates and materials for printed circuit board manufacture and provision of LED solutions to the lighting & industrial markets.

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

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

@MrContrarian

[Gengulphus]

Do said morons get paid by the word?

If they do, they're behaving in accordance with intelligent self-interest and so are not morons! ;-)

Gengulphus

[MrContrarian]

Smallcap Sweep. 30-Jul-18
London calling, London falling.

Premier Global Infrastructure Trust (PGIT) The grandly named £23m cap microcap reports H1 total return -7.2%. Blames portfolio being on the wrong side of macro trends. "Neither the Board nor the Managers are satisfied with the lacklustre performance of the portfolio over the past 18 months...The underlying performance of the Company’s investments remains very encouraging, with strong earnings growth...While the macro environment remains challenging for global trade, interest rates and currencies in the short term, your Board remains confident in the prospects for the long term..."
Luceco (LUCE) H1 trading. H1 UK retail sales almost 20% down but overseas growth remained strong. Blames 'previously highlighted' retailer destocking and lacklustre consumer confidence. Guides close to break-even adjusted operating profit in H1. Q3 retail order book is over 30% higher than Q2, reflecting an end to destocking in its UK retail business. Expects year-on-year adjusted operating profit growth in H2.
Foxtons Group (FOXT) H1 rev down 9%. EPS -1.1p (1.2p). Div passed 'in line with our policy'. "As expected the weak sales market impacted our performance in the first half of 2018. After a slow start to the year, performance in our lettings business improved throughout the period delivering another consistent result...will continue to invest in our proposition to enable us to maintain our differentiation in the minds of buyers, sellers, landlords and tenants."


Notes (do not rely on the data)
PGIT: Price=130. Cap=23m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
LUCE: Price=37. Cap=63m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Luceco manufactures & distributes LED lighting products, wiring accessories, portable power equipment & home entertainment products for global customer base. Its segments include LED Lighting, Wiring Accessories, Portable Power, and Ross & other.
FOXT: Price=47.6. Cap=131m. F/C for current FY*: EPS= 0.32, Prospective PE= 148.8, 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. 31-Jul-18


IDE Group Holdings (IDE) rescue fundraising to raise up to £5.5m. £0.5m Firm Subscription at 2.5p (59% discount), conditional subscription for £2.7m, excess entitlement open offer for up to £0.5 and £1.8m of convertible loan notes.
Immedia Group (IME) has now signed the final terms of a 'major' contract (as previously mooted) for live radio to a major UK high street financial institution. IME still can't say who it is.
Fox Marble (FOX) H1 trading. Rev up 87%. Has started the second half of the year strongly and expects to see continued good revenue growth through the balance of the year. FOX doesn't say if it's in line.


Notes (do not rely on the data)
IDE: Price=6. Cap=7m. F/C for current FY*: EPS= 1.56, Prospective PE= 3.8, 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.
IME: Price=20.84. Cap=3m. F/C for current FY*: EPS= 0.01, Prospective PE= 2084.0, Revenue=NA.
Immedia Group provides music and communications solutions helping companies in retail, banking, leisure and hospitality, energy, sport, tourism, and education achieving customer’s expectations by creating sensory content and marketing communications.
FOX: Price=8.65. Cap=23m. F/C for current FY*: EPS= 1.31, Prospective PE= 6.6, Revenue=NA.
Fox Marble Holdings plc is a dimension stone company focused on the extraction and processing of dimensional stone from quarries in Kosovo and South-East Europe.

* 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