MrC's Smallcap Sweeps for Jan 2019

[MrContrarian]

Smallcap Sweep. 03-Jan-19


GETECH Group (GTC) $3.2m sale, majority will be recognised in FY18. Guides FY18 rev up 10%.
Corero Network Security (CNS) guides FY rev $10m up 18%, lower than expected. Blames "the longer time required to ramp up new go-to-market partners and secure contracts."
Tracsis (TRCS) 'significant' five year Framework Agreement with a major Train Owning Group. Believes it will will lead to significant recurring revenue opportunities. Helpfully states "at this point in time there will be no change made to current year forecasts."
Alpha FX Group (AFX) guides FY earnings ahead of market expectations.


Notes (do not rely on the data)
GTC: Price=30. Cap=11m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
GETECH Group is the UK-based geosciences service provider company. It is primarily engaged in the provision of geological services, reports and data to the petroleum and mining industries to assist in their exploration activities.
CNS: Price=12.89. Cap=52m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Corero Network Security is engaged in supply of security products and services to international customers and the supply of finance and management information software solutions to the UK education and commercial markets.
TRCS: Price=595. Cap=169m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Tracsis is engaged in providing software products, consultancy services and delivering bespoke projects to solve a variety of problems within the transport and traffic sector. It offers rail technology and services, and traffic and data services.
AFX: Price=551. Cap=201m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Alpha FX Group is a corporate foreign exchange broker. The company is managing exchange rate risk for UK corporates that trade internationally.

* 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-Jan-19


Gear4Music (G4M) guides FY EBITDA to be slightly below FY18 levels despite last 4 month rev up 41%. Blames York distribution centre hitting maximum capacity between Black Friday and Christmas. Rev growth did not fully offset lower margins. "Our focus has been on gaining market share in what has been a highly competitive environment, and in support of this target and following a period of planned investment, margins during the Period began to return towards historical levels. We are confident of further improvements as we progress through FY20."
Franchise Brands (FRAN) will buy shares up to value of £200k to offset the dilutive impact of employee share option awards.


Notes (do not rely on the data)
G4M: Price=512. Cap=107m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Gear4music (Holdings) is engaged in the online retailing of musical instruments and equipment. The company sells its own-brand musical instruments and music equipment alongside with other brands.
FRAN: Price=66. Cap=51m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Franchise Brands is an international multi-brand franchiser. Its brands include ChipsAway, Ovenclean and MyHome. The Company's services include Marketing, Franchise Support, and Franchise Recruitment.

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

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

@MrContrarian

[MrContrarian]

Smallcap Sweep. 07-Jan-19


Avon Rubber (AVON) wins US defence order worth up to $92.7m over a duration of up to seven years.
Churchill China (CHH) guides FY operating performance ahead of current market estimates.
UP Global Sourcing (UPGS) guides FY EBITDA above the market's expectations.
Mattioli Woods (MTW) guides FY profit in line with management's expectations despite rev growth slightly lower than expected.
Infrastrata (INFA) FY loss up to £1m. The gas storage development co issues going concern stmt, prob as expected. Did so last year


Notes (do not rely on the data)
AVON: Price=1260. Cap=391m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Avon Rubber is engaged in protection and defence, material consultancy, fabrications and dairy industry. The group operates through the Protection and Defence and Dairy segments.
CHH: Price=942. Cap=103m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
UPGS: Price=40. Cap=32m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
UP Global Sourcing Holdings develops, designs, sources and distributes consumer products. The Company focused on six product categories including SDA, Housewares, Audio, Laundry, Heating & Cooling and Luggage.
MTW: Price=664. Cap=174m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Mattioli Woods is a provider of wealth management, asset management and employee benefit services. It provides services of setting up and administering pension schemes, banking arrangements, property management and employee benefit services.
INFA: Price=1.22. Cap=13m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Infrastrata develops sub-surface gas storage facilities. The company has focused on a gas storage project in County Antrim.

* 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-Jan-19
Accrol bogs down.

Accrol Group (ACRL) guides FY adj EBITDA only £1m if weak £ and high tissue prices continue. Guides FY rev up 8% to £126m, broadly in line with market forecasts - I have £128.6m. "FY20 results will include the full annualised benefit of the structural cost savings achieved in FY19."
Sigma Capital Group (SGM) guides FY pre-tax profit up 205%, slightly ahead of market forecasts.
Footasylum (FOOT) guides FY adj EBITDA towards the lower end of analyst forecasts due to 'higher than expected levels of promotional and clearance activity'. Plans to cuts costs.


Notes (do not rely on the data)
ACRL: Price=21. Cap=41m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Accrol Group Holdings manufactures soft tissue products. Its products are away from home, toilet rolls, kitchen towels, and facial tissues.
SGM: Price=133. Cap=119m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Sigma Capital Group is a holding company. The group has just one business activity, property and is engaged in Private Rented Sector (PRS) sector.
FOOT: Price=32.5. Cap=34m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Footasylum is a retailer of sports and fashion footwear and clothing. It operates a multi-channel model which combines a 61 stores in a variety of high street, mall and retail park locations in cities and towns throughout Great Britain.

* 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-Jan-19
SHOE shows FOOT a clean pair of heels

Sosandar (SOS) guides FY rev slightly ahead of market expectations. Q4 gross margin 53.3%, up 500bps. Q4 conversion rate increased 129bps to 3.47%.
Shoe Zone (SHOE) FY to end Sept. EPS 19p up 21%. Final div 8p (6.8p) plus 8p special div. Current trading ahead of previous market expectations.
Universe Group (UNG) begins roll-out with major new customer Euro Garages to provide payment terminals and payment processing services to 370 petrol stations.
The Local Shopping REIT (LSR) 30% holder Thalassa is preparing a possible offer. I don't expect it to be generous.
Silence Therapeutics (SLN) CFO has left. He is thanked.
Topps Tiles (TPT) Q1 trading: LFL down 1.4% cf Q4 up 1.2%. "Against a challenging market backdrop and a strong period of performance in the prior year we believe the business has performed robustly ."
Liontrust Asset Management (LIO) Q4 £471m net inflow. "This has been achieved despite the challenging environment for equities and bonds in the latter part of 2018."


Notes (do not rely on the data)
SOS: Price=32.75. Cap=38m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Sosandar is an online women's wear brand specifically targeted at a generation of women who have graduated from younger online and high street brands, and are looking for affordable clothing with a premium, trend-led aesthetic.
SHOE: Price=178.55. Cap=89m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Shoe Zone is a UK based company operates as a footwear retailer. It offers low cost footwear with high quality in wide range and variety for all ages.
UNG: Price=3.8. Cap=9m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Universe Group designs, develops and supports point of sale, payment and on-line loyalty solutions and systems for the UK petrol forecourt and convenience store markets.
LSR: Price=28.8. Cap=24m. 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.
SLN: Price=54.4. Cap=39m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Silence Therapeutics plc is a biotechnology company in the United Kingdom. It uses its RNA technology to develop drugs to address genetic disorders.
TPT: Price=62.64. Cap=123m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
LIO: Price=580. Cap=293m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Liontrust Asset Management is a fund management company. Its investment objective is to outperform relevant benchmarks and the average returns of their respective peer groups over the medium to long term.

* 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-Jan-19
DEB dodges disaster, wields turd shining cloth

Imaginatik (IMTK) conditional agreement to sell the business for $1.7m (£1.3m or 1.4p/sh) plus $0.8m contingent. So that's why it's risen in the last week.
IndigoVision Group (IND) FY trading: rev up 9%, positive trend on gross margins reported in the interim results was maintained so will make a significant reduction in its operating loss. F/C 5% rev rise.
Debenhams (DEB) Xmas trading. Some cracking BS here. Recent 6 week LFL down 3.4%. Guides FY profit in line with market expectations, supported by further identified cost savings. "We reinstated some tactical promotional activity" = we had to cut prices to [expletive deleted] stock. "We have worked hard to deliver the best possible outcome in very uncertain times." No you didn't. John Lewis managed LFL 4.4% better. Started refinancng talks with lenders may bring new sources of funding into the business, put any disposals on hold. Will DEB go back to Mashley on its hands and knees to beg for the loan it spurned?
Personal Group (PGH) guides FY broadly in line with market expectations but adopts "a more conservative outlook in regard to the Let's Connect and Insurance Business in 2019. As a consequence, profitability is unlikely to grow materially from 2018."
Premier Asset Management (PAM) Q1 net inflow only £65m. "Subdued net inflows against a background of economic and political uncertainty."
Robert Walters (RWA) Q4. FY net fee income up 15%, profit expected to be comfortably in line with market expectations.


Notes (do not rely on the data)
IMTK: Price=1.9. Cap=2m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
IND: Price=117.9. Cap=9m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
IndigoVision Group along with its subsidiaries designs and manufactures video security systems for large scale and complex security installations.
DEB: Price=5.65. Cap=69m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Debenhams through its subsidiaries is engaged in the sale of fashion clothing and accessories, beauty and gifting products and products for use in the home.
PGH: Price=455. Cap=141m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Personal Group Holdings is an insurance company. It is principally engaged in transacting employee benefits related business, including short-term accident and health insurance and the provision of salary sacrifice technology products in the UK.
PAM: Price=182. Cap=193m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Premier Asset Management Group is a retail asset management company. The company offers investment funds, investment trusts and a portfolio management services.
RWA: Price=553.64. Cap=418m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Robert Walters plc operates as a professional recruitment consultancy worldwide. It provides permanent, contract, and interim recruitment services in the fields of accounting, finance, banking, human resource, engineering, and other 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. 14-Jan-19
Revolution Bars & Goals warn

Bailey CH (BLEY) Proposed cancellation and Tender Offer at 100p (I think - complicated wording). SP was 92.5p
Goals Soccer Centres (GOAL) warns FY adj profit £4.3m to £4.5m. Blames excessive costs in ancillary activities (food, birthday party enhancements) and the slower-than-anticipated growth rates in the US. Cuts '19 profit guidance for Goals UK by £0.6m "in light of the current economic and political uncertainty." Cuts potential share of U.S. profits by £0.7m in 2019 and 2020. Tightening cost control.
Revolution Bars Group (RBG) Xmas trading OK (LFL up 2.6% ) but guides FY adjusted EBITDA down £2m yoy. Blames overall -ve LFL and increased operating costs and uncertain economic and political outlook.


Notes (do not rely on the data)
BLEY: Price=90. Cap=7m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Bailey (C H) is a holding company engaged in the development and operation of properties in the commercial, retail and hospitality sectors in the United Kingdom.
GOAL: Price=70. Cap=54m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Goals Soccer Centres is engaged in the operation of outdoor soccer centres across the United Kingdom.
RBG: Price=124. Cap=61m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Revolution Bars Group is an operator of premium bars across the United Kingdom under the Revolution and Revolución de Cuba 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. 15-Jan-19


TP Group (TPG) FY trading: delivered revenue and cash ahead of market expectations, adjusted operating profit in line with market expectations.
Tax Systems (TAX) guides FY comfortably in line with management's expectations. Net debt down 32% to £13.9m.
Maxcyte (MXCT) guides FY rev up 19% [F/C up 12%], EBITDA ahead of market expectations.
Telit Communications (TCM) guides FY rev at top end of exp at $427m, adjEBITDA in line with previous guidance at between $30-$35m.
Elegant Hotels Group (EHG) CFO will check out after handover. He is thanked.


Notes (do not rely on the data)
TPG: Price=6.3. Cap=48m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
TP Group is an engineering and support services company providing solutions for critical applications to Aerospace & Defense, and Energy & Process industries.
TAX: Price=89. Cap=72m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Tax Systems together with its subsidiaries is a supplier of corporation tax and associated software and services to large corporates and the accountancy profession in the UK and Ireland.
MXCT: Price=185. Cap=96m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MaxCyte Inc is a provider of technological solutions to pharmaceutical companies. Its key product is electroporation technology which is sold to companies which are engaged in drug discovery and development.
TCM: Price=131.6. Cap=173m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
EHG: Price=68.6. Cap=61m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Elegant Hotels Group owns and operates beachfront hotels and a beachfront restaurant on the island of Barbados. It consists of approximately 333 suites and 220 rooms situated along the west and south Barbados coastlines.

* 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-Jan-19


Somero Enterprises (SOM) guides FY rev moderately ahead of market expectations, EBIDTA also. Net cash 'more significantly ahead' of market expectations of $25m. Also makes small acqusition.
Norcros (NXR) acquires South African based RAP Plumbing Supplies for £9.7m plus £2.4m earn out. Earnings enhancing immediately. Trading is in line.
M Winkworth (WINK) guides FY rev within 5% of market expectations (I assume below!) but pretax slightly ahead of expectations of £1.4m.
EKF Diagnostics (EKF) guides FY adj EBITDA comfortably ahead of market expectations. H2 cash generation very strong with net cash at the end of the year of £9.4m.


Notes (do not rely on the data)
SOM: Price=293. Cap=165m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Somero Enterprises provides advanced concrete placing solutions. It provides concrete-leveling equipment, training, education and support to its customers that help them in installing horizontal concrete floors faster, flatter and with few people.
NXR: Price=195. Cap=157m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Norcros along with its subsidiaries is engaged in developing, manufacturing and marketing of home consumer products. The company offers showers, taps, bathroom accessories, tiles and adhesives in the United Kingdom and South Africa.
WINK: Price=112.9. Cap=14m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
M Winkworth is engaged in franchising of residential real estate agencies. Its operations occur in the UK with limited business in other territories.
EKF: Price=31. Cap=141m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
EKF Diagnostics Holdings provides diagnostic solutions. It addresses needs such as detection of diabetes, sports related injuries and needs of blood banks.

* 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-Jan-19
Busy day

Fox Marble (FOX) wins order expected to be over €1m over 1 yr.
Capital Drilling (CAPD) guides FY rev $116m, above prev guidance of $105m to $115m.
Frontier Smart Technologies (FST) guides FY broadly in line with market expectations. Rev at least $41m and EBITDA c. $1.4m. States 'Trading EBITDA' f/c $0.9m, which sounds like adj EBITDA.
Arena Events Group (ARE) FY rev in line but adj EBITDA only £12m to £12.5m. Blames operational problems in UK Structures and Scaffolding plus slow cost synergies in integration of three warehouses in the UK. Outlook more conservative due to UK operational problems and "wider economic uncertainty and a prudent view on the timing of a number of large potential one off contracts."
Portmeirion Group (PMP) guides FY rev at least £89.2m, ahead of mkt F/C and pretax above F/C.
Judges Scientificplc (JDG) guides FY EPS slightly ahead of current market expectations.
Cyanconnode (CYAN) guides FY rev £4.7m. F/C is £8m but they don't admit a huge miss.


Notes (do not rely on the data)
FOX: Price=7.5. Cap=16m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
CAPD: Price=39.9. Cap=54m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Capital Drilling along with its subsidiaries provides drilling services including exploration, development, grade control and blast hole drilling services to mineral exploration and mining companies located in emerging and developed markets.
FST: Price=28. Cap=11m. 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.
ARE: Price=57.04. Cap=87m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Arena Events Group is an event design and delivery company providing temporary physical structures, seating, ice rinks, furniture, and interiors. The company serves sporting, outdoor and leisure events in Europe, the US, the Middle East and Asia.
PMP: Price=1006. Cap=109m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Portmeirion Group manufactures ceramic homeware products under Portmeirion, Spode, Royal Worcester, and Pimpernel brands. The company has a business presence in the UK, USA and also has a distributor network in South Korea, India, Taiwan and Thailand.
JDG: Price=2416. Cap=150m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Judges Scientific is engaged in designing, manufacturing and sale of scientific instruments.
CYAN: Price=8.8. Cap=16m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.

* 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-Jan-19
Barely worth reading

1Spatial (SPA) wins 4 year €1m contract Ireland's Property Registration Authority plus a 3 year framework contract with Ordnance Survey (no value for that one).


Notes (do not rely on the data)
SPA: Price=33. Cap=33m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.

* 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-Jan-19
BOOM holders rewarded with a thank you & another 70% SP loss.

Audioboom Group (BOOM) FY (13 months) trading. Rev up 92% to $11.7m. Says Q4 was 'strong' yet F/C is for £13.6m = $17.5m. Holders are thanked "for their loyalty and vision in supporting Audioboom". A 70% loss in last 12 months but at least they are thanked.
Dods Group (DODS) warns December 'significantly behind in response to unprecedented political uncertainty.' Guides significantly lower than forecasted adj EBITDA and a loss before tax.
Keystone Law (KEYS) guides FY profits comfortably ahead of market expectations.
Robinson (RBN) guides FY profit comfortably in line with market expectations.
Lighthouse Group (LGT) throws in the towel on Corporate Pensions Trust, "the unbundled Master Trust incorporating the Lighthouse Pensions Trust, the Group's proprietary solution for small and medium sized businesses." New regulations will significantly increase the annual running costs and capital required. It will be handed over to a new provider


Notes (do not rely on the data)
BOOM: Price=1.02. Cap=12m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Audioboom Group PLC, through its subsidiaries, spoken-word audio platform for hosting, distributing and monetising content. Its hosting and distribution platform allows partners to embed, share via social channels and re-syndicate their content.
DODS: Price=9. Cap=32m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Dods Group is a specialist content, media services and events company. It provides services through online information and digital services, training courses, conferences and events publications, and other media.
KEYS: Price=348.5. Cap=106m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Keystone Law Group is a law firm. The company provides legal services to over 50 industry sectors to a client base comprising of small and medium enterprise and private individuals.
RBN: Price=63.66. Cap=11m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Robinson is a molded plastic and paperboard packaging products manufacturing company based in the UK. The company provides packaging products for food and beverage, cosmetics and toiletries, and household products and other industries.
LGT: Price=27.36. Cap=34m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Lighthouse Group provides financial advice on retail financial investments and regulatory authorization and related services to financial advisers operating from locations across the United Kingdom.

* 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-Jan-19
Crash at Zoo.

Dillistone Group (DSG) three year contract renewal, the largest so far. Also GatedTalent going well, will be cash generative in Q4 '19.
Velocity Composites (VEL) in 3 RNSs (why?) announces positive talks with the Founders to settle bust up over management of co, FY results and current trading. Only surprise I see is that they can't employ EIS funds by the May deadline.
Zoo Digital Group (ZOO) guides rev 10% below FY expectations and adj EBITDA significantly below. Blames loss of a single, material localisation project that was scheduled for H2 plus DVD and Blu-ray rev significantly lower than anticipated as mkt declines more rapidly.
LSL Property Services (LSL) guides FY Underlying Operating Profit slightly ahead of the Board's expectations and slightly behind last year.
Connect Group (CNCT) trading in line but slashes divs as it takes "a more prudent and disciplined approach to capital management. We expect free cash from operations to be sufficient to fund the investment needed for recovery, with the surplus used to reduce net debt while also maintaining an attractive total shareholder return." Interim div passed, guides FY div min 1p. Targeting a net debt/EBITDA ratio of 1x by FY2021, from 1.8x now. £35m sale and leaseback.
GYG (GYG) guides FY rev marginally ahead of market expectations


Notes (do not rely on the data)
DSG: Price=42.5. Cap=8m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Dillistone Group is engaged in supplying technology solutions and services to the recruitment industry. The Company provides software and services to recruitment firms and recruiting teams through Dillistone Systems and Voyager Software divisions.
VEL: Price=22.6. Cap=8m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Velocity Composites is a manufacturer of advanced carbon fibre and ancillary material kits for use in the production of aircraft. It offers structural material kits, engineering vacuum bag material kits, and process optimisation products.
ZOO: Price=85. Cap=63m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Zoo Digital Group provides cloud-based media production services and software to creative organisations, predominantly in the entertainment industry. It offers localisation and access services for audio-visual materials.
LSL: Price=234. Cap=244m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
LSL Property Services provides residential property services to consumers. Some of its offerings include residential sales, lettings, surveying, conveyancing and advice on mortgages and non-investment insurance products.
CNCT: Price=43.6. Cap=108m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
GYG: Price=34.7. Cap=16m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
GYG is a superyacht painting supply and maintenance company, offering services through operations in the Mediterranean, Northern Europe and the United States.

* 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-Jan-19
£12m of smelling salts for Eve Sleep.

Eve Sleep (EVE) wake up and smell the bailout. £12m at 10p, a surprising 4% discount. Woodford will go to 47%. Channel 4 will swap up to £0.9m of ads for shares at 10p. Lots on new strategy including the 'Lower friction customer experience'. Nothing to do with bedsores.
StatPro Group (SOG) FY trading - rev £54.7m Looks like a miss on £56.7m F/C but they don't say so, just that Q4 sales 'robust'.
Wynnstay Group (WYN) FY ahead of market expectations. Rev-cont up 18.4%. U/L pretax-cont up 20.5%. Div p 6%. Current trading in line.
ClearStar (CLSU) CFO resigns but will work with the Company on certain special projects and initiatives on an ad hoc basis. He is thanked.
Patisserie Valerie (CAKE) [last night] has gone bust. Even more egg and flour on LJ's face.


Notes (do not rely on the data)
EVE: Price=10.3. Cap=14m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
SOG: Price=128. Cap=84m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
StatPro Group provides cloud-based portfolio analysis, data solutions, and related professional services to the global asset management industry.
WYN: Price=425. Cap=84m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Wynnstay Group plc produces and supplies agricultural products. Its offers animal feeds, seeds and agricultural equipment to the farming community in the United Kingdom.
CLSU: Price=60.5. Cap=22m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
ClearStar Inc is a technology and service provider to the background check industry. It supports background screening companies, employers and employees with their recruitment and employment application decisions.
CAKE: Price=429.5. Cap=581m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Patisserie Holdings operates cafes and casual diners across the UK. It offers hot and cold drinks cakes, pastries, snacks and other food items at its outlets.

* 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-Jan-19
Biome expectations melt in 2019

Gordon Dadds Group (GOR) accelerated bookbuild to raise at least £10m at min 140p. Prev SP 189p.
Infrastrata (INFA) placing at 1.2p, an 11% discount, has raised £1.5m.
LPA Group (LPA) FY rev up 25%, EPS 14.34p (14.4p), beating F/C Order book slumps to £13.8m (£21.6m). "As previously reported, some major rail projects, including CrossRail, have been delayed and as a consequence the current year has started quietly...Happily, orders entered in the first quarter have been a new record at over £9m."
Gama Aviation (GMAA) guides FY underlying operating profits to be $3m below its previous guidance. Blames weak Q4, accounting adjustments, lower than expected share of associates profits, principally in the US. Outlook "With continuing growth in the US likely to be offset by the challenging market conditions in Europe, and with M&A opportunities yet to be delivered, the Company is taking a cautious approach and accordingly expects that the performance for 2019 will be similar to that delivered in 2018."
Tribal Group (TRB) guides FY EBITDA materially ahead of expectations despite rev fall, as expected. There's a dispute with a platform software supplier re historic royalty payments. This may potentially lead to a material claim.
Quixant (QXT) guides FY rev $115m cf forecasts of $120m. Blames decline in gaming monitors, leading to adjusted profit before tax also being slightly lower than market expectations of $18.98m.
Biome Technologies (BIOM) guides FY rev up 42%. No F/Cs. Bioplastics rev down 17% due to significantly lower sales of outer packaging for the US single serve coffee market. Delay to rigid ring project for the coffee market, now expected to contribute to sales in Q2, not Q1. RF Technologies division rev up 75% but guides 2019 rev here down YoY.
Blue Star Capital (BLU) mooted acquisition of the entire issued share capital of 30.1% owned SatoshiPay falls through - could not raise the funds.
Science Group (SAG) following the cancellation of attempt to sell the company it will look at larger acquisitions "which may or may not have any synergies with, the Group's existing operations".


Notes (do not rely on the data)
GOR: Price=189.25. Cap=54m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Gordon Dadds Group provides legal and independent financial advisory services to businesses and high net worth individuals in the United Kingdom.
INFA: Price=1.35. Cap=15m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Infrastrata develops sub-surface gas storage facilities. The company has focused on a gas storage project in County Antrim.
LPA: Price=98. Cap=12m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
LPA Group is engaged in designing, manufacturing & supplying LED based lighting & electro-mechanical systems and also distributes engineered components for rail, infrastructure and aviation; and aerospace & defence markets.
GMAA: Price=115. Cap=73m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Gama Aviation plc is operational in United Kingdom’s aviation industry. Its service offering includes air and ground aviation support services such as fleet management, logistics, aircraft maintenance and handling airport infrastructure.
TRB: Price=74.6. Cap=146m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Tribal Group is engaged in providing proprietary software products and related services to support the business needs of education, learning and training providers.
QXT: Price=346. Cap=230m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Quixant and its subsidiaries are in the business of designing, manufacturing and selling of advanced PC based gaming platforms for the pay to play gaming and slot machine industry.
BIOM: Price=695. Cap=16m. 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.
BLU: Price=0.24. Cap=5m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Blue Star Capital is a United Kingdom-based investment company. Its business includes investing in assets or companies in the sectors such as gaming, media, and technology.
SAG: Price=211.9. Cap=85m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Science Group through its subsidiaries provides independent advisory and product development services focused on science and technology initiatives.

* 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-Jan-19
Mastercard's trump card snatches Earthport from Visa

IQE (IQE) guides FY rev at least £156m up 1%. F/C £160.4. Adj EDBITDA at least £27.5m (£37.0m). £21m cash used up. New £35m secured loan facility. Predicts "increasing free cash flow and profitability in 2019 and beyond”. What, an increase from -£21m? Let's hope so.
Findel (FDL) strong Q3, guides FY pretax towards the upper end of current market expectations (£26m to £28m).
GAN (GAN) guides FY rev £10.5m to £11.3m (£9.1m), ahead of market expectations. Guides mid to high double digit percentage rev growth in 2019 and positive EBITDA.
Earthport (EPO) Mastercard plays the trump card and outbids Visa with a 33p recommended offer, 3p more.
Mountfield Group (MOGP) wins 3 contracts worth over £7m total. Work on all to be undertaken during 2019.
Hydrogen Group (HYDG) guides FY underlying profit ahead of current market expectations and net cash £4.9m (-£0.4m).
Deltex Medical Group (DEMG) FY trading: rev miss at £5m (£5.9m) and losses before exceptional items broadly in line with market expectations.
Midatech Pharma (MTPH) FDA issues regulatory path for the Company's lead product, MTD201. Can now (urgently) conclude its discussions with the potential strategic investor (see Dec RNS) to avoid going bust.
Redhall Group (RHL) shareholders loans for £2m total to fund unusually high, short term working capital balances, which are being driven principally by two of the Company's major contracts. Repayable Oct plus 12.5% exit fee.


Notes (do not rely on the data)
IQE: Price=74.5. Cap=579m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
FDL: Price=200. Cap=173m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Findel is a merchandise supplier to the home and education sectors which basically operates with three business segments Express Gifts, Findel Education, and Overseas Sourcing.
GAN: Price=49.1. Cap=42m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
GAN is a provider of online gaming software, operational support services and online game content development services to the casino industry.
EPO: Price=27.8. Cap=173m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
MOGP: Price=1.36. Cap=3m. 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.
HYDG: Price=58.83. Cap=20m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Hydrogen Group provides mid to senior level specialist professional recruitment services. It offers both permanent & contract specialist recruitment for large & medium sized organisations in technology, finance, professional & engineering sectors.
DEMG: Price=0.9. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Deltex Medical Group develops, designs, manufactures and markets medical equipment that deploys low-frequency ultrasound to visualise and measure blood flow in the central circulation. The Company's segments are Probes and Other.
MTPH: Price=5.77. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
RHL: Price=3.75. Cap=12m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Redhall Group provides niche engineering support services. It services includes industrial processes, project management, designing, manufacturing and installation of bespoke specialist plant and equipment.

* 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. 28-Jan-19
Bank sticks screwdriver in Utilitywise's meter

Kromek Group (KMK) wins medical imaging contract for at least $58.1m over 7 years.
Utilitywise (UTW) puts itself up for sale. Also to continue discussions with shareholders and bank re potential equity fundraising and bank refinancing, Bank says it will only renew £25m debt in April if co gets funds from alternative sources, sufficient for co to make the necessary strategic investments and entering the micro-SME market. What a crock.
Ten Lifestyle Group (TENG) wins contract from Royal Bank of Canada to provide a digitally-enabled, premium concierge service to RBC Avion Visa Infinite Privilege* for Private Banking cardholders. Expected to grow to be a Large contract in 2019/20 FY. * Is there any more pompous credit card name?
Minds+Machines (MMX) guides FY operating EBITDA, before the impairments taken at in H1, to be marginally ahead of market expectations.
Flybe Group (FLYB) holder Hosking Partners LLP has requisitioned a GM to appoint Eric Kohn as a Director and remove the chmn. Includes a resolution to appoint Kohn to investigate the sales process from 14 November to 15 January. Looks very late in the day to stop the 1p sale of business.


Notes (do not rely on the data)
KMK: Price=28. Cap=73m. 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.
UTW: Price=5.75. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
TENG: Price=44.11. Cap=36m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Ten Lifestyle Group offers online travel services. It operates a technology-enabled lifestyle and travel platform providing concierge services to private banks, retail banks, and premium payment cards providers.
MMX: Price=5.7. Cap=53m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Minds + Machines Group operates in the domain name industry and provides end-to-end domain services generating revenues across multiple business lines.
FLYB: Price=3.21. Cap=7m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Flybe Group is a passenger airline company operating in UK, Europe and few other parts of the World. Along with passenger transportation, Flybe also offers allied aviation services as well as training programmes.

* 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. 29-Jan-19
SpaceandPeople, Filtronic warn again.

Sopheon (SPE) guides FY rev $33m, up 16%. Pretax will be significantly ahead of already upgraded market expectations
Pennant (PEN) £1.8m placing at 110p , 4% disc. Will fund acquisition of Aviation Skills Partnership for £750k plus £6m earn out. This FY fhe Target expects to generate pretax £175k. Will also fund PEN product dev. Trading: guides significant H2 weighting.
Crimson Tide (TIDE) guides FY pretax ahead of market forecast, b ut not by how much or what f/c is.
Filtronic (FTC) H1 broadly in line with management's expectations with rev £10.4m down 19%. mMIMO OEM customer disappoints again, H2 demand is expected to be significantly lower than had originally been forecast. Volumes for this mMIMO variant beyond this FY now uncertain. Brave face.
Colefax Group (CFX) H2 rev up 8%. Expect H2 weighted FY but total rev below the 'exceptional' performance last year. US mkt confidence has slowed recently. How can confidence slow? It can fall.
SpaceandPeople (SAL) goes back to what it does best, warning on sales. Dec particularly bad. Guides FY pretax pre-excep loss £0.1m. Net cash down to £0.8m (£1.9m). Will maintain final div at 0.5p. "The Board is confident that new initiatives, cost cuts and anticipated new business wins will return the Group to growth in 2019 and beyond." I'm not.
Premier Veterinary Group (PVG) confirms related party secured loan of £3.85m with the onerous arrangement fee of £350k and 1% pcm interest. £1.5m to repay loan from same source. What's not to dislike?
ARGO Group (ARGO) warns of FY operating loss. Blames difficult trading conditions in emerging markets.
Brady (BRY) guides FY rev £23m and adjusted EBITDA c. £2.6m, broadly in line with consensus market expectations.


Notes (do not rely on the data)
SPE: Price=1300. Cap=132m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Sopheon through its subsidiaries provides software, services and practices that help complex, global enterprises to improve R&D throughput and time to market, and to increase the value per product or service in their portfolio.
PEN: Price=112.51. Cap=38m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Pennant International Group is engaged in the delivery of integrated logistic support solutions. These comprise of simulation, virtual reality and computer based training systems, software solutions and Logistic Support Analysis Software.
TIDE: Price=1.9. Cap=9m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Crimson Tide is engaged in the provision of mobility solutions and related software development. It provides mpro software which is a Maas (Mobility as a Service). The mpro software provides job scheduling, alerting and reporting.
FTC: Price=6.68. Cap=14m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
CFX: Price=520. Cap=51m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Colefax Group is an international designer and distributor of furnishing fabrics and wallpapers and an international decorating company. The company's operating segments include Product division and Decorating division.
SAL: Price=16. Cap=3m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
SpaceandPeople is engaged in marketing and selling of promotional and retail licensing space on behalf of shopping centers. The company’s segments are Promotional Sales and Retail with geographic locations in the United Kingdom and Germany.
PVG: Price=43.25. Cap=7m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Premier Veterinary Group is a non-medical service provider mainly to veterinary centers. The company business operates in the veterinary industry and mainly provides support services for day to day running of veterinary centers.
ARGO: Price=17. Cap=8m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Argo Group is an investment management company. Its investment objective is to provide investors with absolute returns in the funds managed by investing in fixed income and local currencies.
BRY: Price=63.5. Cap=53m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Brady is a provider of trading, risk management and settlement solutions to the energy, metals, recycling and soft commodities sectors, through the delivery of client focused software 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. 30-Jan-19
Taptica merger, terms favour TAP holders.

Taptica (TAP) advanced discussions regarding an all-share merger with RhythmOne (nee Blinkx). with TAP holding 50.1%. Tuesday closing caps £114m and £147m for RTHM. How will RTHM sell this to holders?
Rhythmone (RTHM) see TAP.
Best of the Best (BOTB) £3.5m tender for 1 in 14 shares at 485p, a 120.5% premium! The very high tender price looks like a ruse to push up the SP. Obviously every holder will tender. They could make it a 1 in 140 at 4850p for example.
Solid State (SOLI) guides FY to exceed current market consensus. Rev above current guidance and adjusted profits significantly ahead.
Boxhill Technologies (BOX) returns from 6 month suspension as it heaves out its H1 and FY to Jan 31 2018. Pretax -£1.7m (B/E). Going concern stmt: "the substantial achievement of the Group's cash flow forecasts represents a material uncertainty that may cast significant doubt on the Group's and the Parent Company's ability to continue as a going concern."
SpaceandPeople (SAL) rabbiit from the hat after yesterday's warning. Had commenced a multi-year contract with Hammerson to deliver innovative promotional and short-term retail experiences across its flagship shopping centres in the UK. Surprised they couldn't trail this yesterday.
STM Group (STM) guides FY rev £21.3m (£21.5m), including an expected £0.5m technical reserve release from London & Colonial Assurance. U/L rev £20.5m (£20.2m) and U/L pretax £3.7m (£3.2m). F/C rev is £20.8m but is this U/L? Warns on costs after its regulatory caning. "Some of the costs of strengthening the Group's governance framework have been incurred in 2018, however, this overall investment in infrastructure will result in an increase to our 2018 cost base which will flow through into 2019 and be reflected in future expectations."


Notes (do not rely on the data)
TAP: Price=167.5. Cap=115m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Taptica International provides marketing services and offers end-to-end mobile advertising platform that helps the top brands reach their valuable users with the widest range of traffic sources available today, including social.
RTHM: Price=187. Cap=147m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
RhythmOne is an internet media platform that connects digital consumers with advertisers through professionally generated content and offers a video search engine.
BOTB: Price=220. Cap=22m. 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.
SOLI: Price=369. Cap=31m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Solid State supplies specialist electronics equipment which include high tolerance and tailor made battery packs, specialist electronic components, specialist antennas, industrial/rugged computers and secure communications systems.
BOX: Price=0.04. Cap=1m. 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.
SAL: Price=15. Cap=3m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
SpaceandPeople is engaged in marketing and selling of promotional and retail licensing space on behalf of shopping centers. The company’s segments are Promotional Sales and Retail with geographic locations in the United Kingdom and Germany.
STM: Price=58. Cap=34m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
STM Group is engaged in the financial services sector in the United Kingdom. The company provides a range of financial solutions such as pensions, corporate trustee service, insurance management and life assurance.

* 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-Jan-19
FireAngel slams holders into the wall again

eServGlobal (ESG) wins 2 PayMobile contracts with existing customers in the Middle East totalling ~€1m.
SRT Marine Systems (SRT) £4m placing at 30p (an 18% disc) "to accelerate the development of coast guard specific system functionality in order to meet project delivery schedules for expected new contracts, to expand and [blah blah keep the lights on]" Trading: "progressing discussions on three further contracts with separate government agencies/Ministries in the Philippines worth up to £152m"
FireAngel SafetyTechnology (FA.) guides FY op loss below market expectations. Rev down 31%, underlying operating profit c.-£2m (+£4.7m). A warranty provision release has been prudently retained based on current higher product costs. Manufacturing problems fragging on to this FY.
Newmark Security (NWT) H1 rev-cont up 20%. EPS-cont 0.09 (-0.1). Warns revenue within asset protection division expected to be lower "due to seasonality factors as in previous years among reasons.
Ashley House (ASH) H1. Warns on FY due to scheme closures lower than initially anticipated.
Reach4Entertainment (R4E) guides FY adj EBITDA significantly ahead of expectations. Also expects 2019 profit ahead of expectations.
NAHL Group (NAH) granted a licence to launch its own law firm.
AO World (AO.) CEO has had enough. He is thanked and will be part time adviser. Founder John Roberts jumps back in the seat today.
Watchstone Group (WTG) guides FY rev £37.7m down 16%. F/C was £41m. Expects Slater & Gordon Claim to go to trial October.


Notes (do not rely on the data)
ESG: Price=6.9. Cap=139m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
eServGlobal renders software assistance to the financial service providers. Its solutions facilitate money transfer through the medium of mobile wallets, cards and bank accounts.
SRT: Price=36.8. Cap=51m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
FA.: Price=39. Cap=18m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
NWT: Price=0.9. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Newmark Security is engaged in the design, manufacture and supply of products and services for the security of assets and personnel. It has two main reportable segments, which are electronic division and asset protection division.
ASH: Price=14. Cap=8m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Ashley House is engaged in designing, construction management, consultancy and asset management services, working with providers of health and social care on infrastructure developments from project inception to completion of construction and beyond.
R4E: Price=1.09. Cap=11m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
reach4entertainment Enterprises provides creative, advertising, marketing and other solutions to the theatrical, film and live entertainment industries.
NAH: Price=78.65. Cap=36m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
NAHL Group is a consumer marketing company. The company operates in UK personal injury market, advertising through its core brand - National Accident Helpline.
AO.: Price=124.8. Cap=589m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
AO World is an online retailer of domestic appliances. The Company sources, sells and delivers domestic appliances, including washing machines, and washer dryers as well as small domestic appliances including vacuums, and floor cleaners.
WTG: Price=91.98. Cap=42m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Watchstone Group provides technology enabled sales, legal and business process outsourcing services. Its business segments are Hubio, Ingenie, Healthcare Services, BAS, and Central.

* 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