MrC's Smallcap Sweeps for Feb 2019

[MrContrarian]

Smallcap Sweep. 01-Feb-19


Telit Communications (TCM) delays completion of sale of automotive division again, to 20 Feb. Funding still not ready. Hmm. Sale was announced 6 months ago.
Avon Rubber (AVON) further to the announcement of 7 January, has received first orders for 7,000 mask systems and accessories worth $17.8m from US. It will contribute to expected Military revenues.
Nasstar (NASA) guides FY rev adjusted EBITDA slightly ahead of and in line with management expectations respectively.
CML Microsystems (CML) poor H2, guides FY rev down 12%.
Gresham Technologies (GHT) wins order worth £2.3m over 5 years.


Notes (do not rely on the data)
TCM: Price=140.8. Cap=185m. 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.
AVON: Price=1205. Cap=374m. 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.
NASA: Price=11.6. Cap=67m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Nasstar provides hosted managed and cloud computing services, integrating private and public clouds supplying a robust, secure and stable hosted Information Technology service to business customers.
CML: Price=430.55. Cap=73m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
CML Microsystems designs, manufactures and markets a range of semiconductors for global industrial and professional applications within the storage, wireless, and wireline communications market areas.
GHT: Price=89. Cap=61m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.

* 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-Feb-19
Trakm8 not revving.

Taptica (TAP) mooted offer for RhythmOne now a recommended offer with TAP holders getting 50.1% of whole. Plans $15m discretionary share buy back.
Trakm8 (TRAK) guides FY rev 25% to 35% down but loss as expected. Blames Fleet order opportunities (rather than lost) because of Brexit uncertainty.
Flybe Group (FLYB) a very preliminary, short and highly conditional outline contingency proposal from Mr Tinkler (who is he?) which envisages a capital injection and replacement of the funding provided by Connect Airways. Approach does not contemplate an offer for the whole of Flybe or any other acquisition structure. It will only be provided if the sale of Flybe's operating businesses to Connect Airways does not occur. Board poo poos it.
Versarien (VRS) over a month since it announced some MOU's in China. Still no actual sales announced.
RhythmOne (RTHM) see TAP


Notes (do not rely on the data)
TAP: Price=198.54. Cap=136m. 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.
TRAK: Price=30.9. Cap=15m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
FLYB: Price=3.2. 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.
VRS: Price=131. Cap=201m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Versarien is engaged in the engineering materials business developing valuable new materials through the commercialization of new manufacturing processes.
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.

* 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. 05-Feb-19
Amino anemia in 19

MaxCyte (MXCT) placing to raise £10m min at 170, an 8% discount.
Numis Corporation (NUM) downbeat AGM stmt. "Average deal fees remain in line with the prior year, however, transaction volumes are significantly lower across the market and, as a consequence, we have completed approximately 25% fewer deals compared to the first four months of the prior year. Equities has been similarly impacted, Institutional income is approximately 25% lower than the comparative period reflecting depressed market activity levels, and our trading book is marginally loss making for the period."
Elektron Technology (EKT) FY trading in line. Received an unsolicited indicative offer for Bulgin at a 'substantial' premium to EKT's current market capitalisation. Buyer changed mind 'for its own strategic reasons'. Puts Elektron Eye Technology up for sale "due to the growth opportunities presented by both Checkit and Bulgin, EET is not core to the Group's future plans."
Amino Technologies (AMO) FY in line. $5m annualised reduction in cost base identified. "To support a higher quality of earnings and de-risk the business, we are accelerating our strategy to improve growth in recurring revenues from software and services, reinforce our focus on value-add hardware, and remove our exposure to low margin hardware activities." Will hit FGY19 rev by c.20%, and adjusted operating profit by 10%.


Notes (do not rely on the data)
MXCT: Price=180. Cap=92m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MaxCyte 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.
NUM: Price=273. Cap=292m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Numis Corp is a United Kingdom-based company that offers investment banking and stock broking services to corporate and institutional clients in the United Kingdom and the United States.
EKT: Price=44.1. Cap=82m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Elektron Technology designs, manufactures and markets products that connect, monitor and control. Its segments include Bulgin, Checkit and Instrumentation, Monitoring and Control (IMC).
AMO: Price=108.7. Cap=79m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Amino Technologies Plc operates in the communication equipment industry based in the United Kingdom. It assists broadband network operators by offering them software and hardware technologies.

* 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-Feb-19
Interserve expects eightpence equity avalanche.

Interserve (IRV) Deleveraging Plan - expect 40x dilution. c.£480m new equity. No issue price stated but I make that about 8p, a 38% discount.
W H Ireland (WHI) warns FY exceptional costs higher than originally expected. Blames 'significant' one off expenses in transformation strategy.
OnTheMarket (OTMP) says UK property stock now over 80% of Zoopla's and c. 60% of Rightmove's. Offering equity to agents converting from free to paid listings. Up to 37% dilution envisaged.
Personal Group (PGH) £3m acquisition, leaving CEO replaced internally.
Atlas Mara (ATMA) undertaking a review of strategic options and assessing indications of interest for certain banking assets. Will cut exposure in non-core markets, explore potential strategic partnerships; selectively expand into new scalable markets and/or increase the depth and scope of financial services offered. Lots more too. Lots of strategic words


Notes (do not rely on the data)
IRV: Price=12.98. Cap=19m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Interserve is a support services & construction company. It offers advice, design, construction, equipment, facilities management and frontline public services. Its segments includes Support Services, Construction, Equipment Services & Investments.
WHI: Price=70. Cap=22m. 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.
OTMP: Price=93. Cap=57m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
PGH: Price=364. Cap=112m. 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.
ATMA: Price=1.65. Cap=285m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Atlas Mara is a banking company. Its activities include wholesale banking, retail banking and consumer finance.

* 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-Feb-19
DPP=desperate placing price

DP Poland (DPP) £5.3m placing and 0.5m 'broker option' at 6p, a desperate 58% discount. A 2.7x dilution. Cash to maintain medium-term store roll-out and keep the lights on. CEO goes end June. He is thanked. Maybe he'll get free garlic wedges.
Tax Systems (TAX) possible cash offer at 110p, a 10% premium. It rose 6p yesterday.
Randall & Quilter (RQIH) £100m placing and token £7m open offer at 153p, 15% discount. Share count expands by 52%. WIll be used for acquisitions.
Kromek Group (KMK) £20m placing and token £1m open offer at 25p, a 9% discount. Cash needed for expansion.
Allied Minds (ALM) Gravy train switches to narrow guage. CEO agrees to "materially reduce her cash salary for 24 months, commencing with calendar year 2019, and to defer payment of the balance of her salary into 2021. Any earned bonus for 2019 and 2020 will be satisfied in shares rather than cash." Target annualised HQ cash operating expenses will be reduced by $5.6 million, or more than 40%.


Notes (do not rely on the data)
DPP: Price=13.71. Cap=22m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
DP Poland through its subsidiary is engaged in the development and operation of Domino pizza master franchise in Poland.
TAX: Price=100.5. Cap=81m. 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.
RQIH: Price=178.55. Cap=227m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Randall & Quilter Investment Holdings Ltd, together with its subsidiaries, owns & manages insurance companies, live and in run off, as underwriting managers for active insurers, as participators and managers of Lloyd's Syndicates.
KMK: Price=27.22. Cap=71m. 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.
ALM: Price=61.3. Cap=147m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Allied Minds mainly provides and sells life sciences and information technology products and services. Its products include medical devices, diagnostics, biopharmaceuticals, cybersecurity, communications, semiconductors, and food safety.

* 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-Feb-19
Card game over Earthport hots up

Earthport (EPO) Visa comes back with a 37p offer, 4p more than Mastercard.
Smart Metering Systems (SMS) becomes the preferred supplier for Co-operative Energy to install smart meters in some areas, which have 326k homes total.
EU Supply (EUSP) guides FY rev up £5.1m, being slightly below market expectations but pretax £0.4m, materially above market expectations.
Hardide (HDD) placing at 1.5p, a 14% discount, a 13% dilution. Cash will be used to move to new site and build more reactors to meeting increased demand. Trading 'positive', in line I guess.
GLI Finance Limited (GLIF) FY trading. Guides core business, Sancus BMS Group rev up 28% but will close its supply chain finance offering Sancus Finance. Also expects to suffer further material write downs in its Fintech Ventures portfolio because several of the platforms are finding it harder to raise further capital at the valuation levels previously expected


Notes (do not rely on the data)
EPO: Price=38.8. Cap=242m. 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.
SMS: Price=637. Cap=717m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Smart Metering Systems is engaged in providing installation of domestic and l&C gas meters and electricity meters, management of gas meters, electric meters and ADM units and provision of energy advice.
EUSP: Price=11. Cap=8m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business that has a multilingual e-procurement platform for e-sourcing, e-tendering and contract management, for the regulated European public sector market.
HDD: Price=1.75. Cap=30m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Hardide is engaged in producing advanced tungsten carbide coatings for metal components operating in abrasive, erosive, corrosive and chemically aggressive environments.
GLIF: Price=7.39. Cap=23m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
GLI Finance is a closed ended investment company. The Company's objective is to produce a stable and predictable dividend yield with long term preservation of net asset value.

* 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-Feb-19
No wonder Windar was wilting

Connect Group (CNCT) new contract with Reach from October 2019 to 2024 to distribute Daily Mirror etc. Worth £220m PA.
UP Global Sourcing (UPGS) H1 trading: rev up 20.8%. Guides FY EBITDA above market expectations.
Windar Photonics (WPHO) FY18 trading: rev up 59% to £3.5m (prev guided €4 - 4.5m), EBITDA loss €0.36m (€1.22m). Order book only €1.0m (€3.9m). Component shortages hit H2 prodn, some orders deferred. Why has it taken months to warn?
DCD Media (DCD) guides FY rev only £7.3m (£10.2m) and £0.1m pretax. Current Q1 strong, Q1, with sales that were expected to fall into last year falling into the current year.
Stride Gaming (STR) confirms press reports that it is reviewing all strategic options including sale of group. Denies it was fined twice by the Gambling Commission last year, only once.


Notes (do not rely on the data)
CNCT: Price=37.4. Cap=93m. 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.
UPGS: Price=58.54. Cap=48m. 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.
WPHO: Price=75.5. Cap=34m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Windar Photonics is a technology company. it develops and sells light detection and ranging sensors and associated products for use on electricity generating wind turbines. Its wind sensors are designed to measure wind speed and direction.
DCD: Price=350. Cap=10m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
DCD Media is a holding company providing support services in relation to the distribution, rights exploitation and content production. The company through its subsidiaries distributes television programs and other media.
STR: Price=105.5. Cap=78m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Stride Gaming is an online gaming operator company. It operates in two different segments, real money gaming and social gaming.

* 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-Feb-19
DEB Damoclesian debt danger deferred

Touchstar (TST) gudes FY loss onsiderably better than market expectations despite a rev miss. Also review of structure and operations to simplify and focus on sectors with the best prospects.
LoopUp Group (LOOP) guides FY in line with consensus expectations and profitability comfortably ahead.
Zambeef Products (ZAM) CFO resiigns. He is thanked.
Debenhams (DEB) as rumoured, one year £40m secured facility to allow refinancing and recapitalisation.
Wincanton (WIN) selected by HMRC to provide logistics services to support air and sea freight inspections. Five year deal.


Notes (do not rely on the data)
TST: Price=36. Cap=3m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Touchstar along with its subsidiaries designs and builds industrial mobile computing devices and develop software solutions used in a wide variety of field-based delivery, logistics and service applications.
LOOP: Price=328. Cap=181m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
LoopUp Group is a software-as-a-service provider of remote meetings. Its products LoopUp helips in conferencing solution for remote enterprise meetings.
ZAM: Price=10.6. Cap=NA. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Zambeef Products is an integrated agri-business company. The Company through its subsidiaries engages in the production, processing, distribution & retailing of beef, chicken, pork, milk, dairy products, eggs, edible oils, stock feed and flour.
DEB: Price=3.14. Cap=39m. 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.
WIN: Price=237. Cap=295m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Wincanton provides supply chain and logistics solutions and services. Its segments are Retail & Consumer and Industrial & Transport.

* 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-Feb-19
Back from holiday

NB Distressed Debt (NBDD) sale of largest holding for $34m, may make a distribution.
Realm Therapeutics (RLM) Proposed disposal of hypochlorous acid assets for $10m or $9.6m net. Expect completion 28 March. Proposed adoption of an Investing Policy and delisting from AIM but retain Nasdaq listing. Realm had $18.8m cash and near cash at 31 Dec.
Angling Direct (ANG) Guides FY rev £42m up 39%. F/C £44m. Confident.


Notes (do not rely on the data)
NBDD: Price=0.9. Cap=230m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
RLM: Price=6.75. Cap=8m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Realm Therapeutics is a biopharmaceutical company which focuses on leveraging its proprietary immunomodulatory technology to protect and improve the health of adults and children.
ANG: Price=71.33. Cap=47m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Angling Direct is a fishing tackle retailer. The Company sells fishing tackle products and related products through a network of 15 retail stores located in the UK.

* 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-Feb-19


Pelatro (PTRO) wins Vietnam contract worth $1.5m over 3 years.
JPJ Group (JPJ) sells Mandalay to 888 for £18m. Mandalay's rev was £11m, pretax ~£3.7m. Looks cheap. Leaves Jackpotjoy or Hauptgewinnefreude if you are German.
Walker Greenbank (WGB) guides FY in line but sounds gloomy over this FY. "Our core market in the UK remains both challenging and uncertain...licensing income in the current financial year is anticipated to be closer to historic levels."
Manolete Partners (MANO) guides FY op profit up 70%, ahead of market expectations.
Seeing Machines (SEE) Driver Monitoring System win with US car mfr. Mass production late 2020, estimated lifetime revenue ~A$6m for the initially planned car models. Hopes for more.


Notes (do not rely on the data)
PTRO: Price=81. Cap=26m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Pelatro provides precision marketing software for use by its customers in Business to Consumer applications, with a current focus on providing multi channel campaign management software to telecommunications companies.
JPJ: Price=720. Cap=535m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Jackpotjoy is an online gaming group. It offers bingo and casino games to its customers through the Starspins, Botemania, Costa Bingo, Vera&John, InterCasino and other brands.
WGB: Price=85.5. Cap=61m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Walker Greenbank is a luxury interior furnishings company. It is engaged in designing, manufacturing, and marketing of wallpapers and fabrics together with a wide range of ancillary interior products such as furniture and paint.
MANO: Price=274.2. Cap=119m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
SEE: Price=4.97. Cap=114m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Seeing Machines provides operator monitoring and intervention sensing technologies and services for the automotive, mining, transport and aviation industries. It develops products to detect and manage driver fatigue and distraction.

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

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

@MrContrarian

[MrContrarian]

Smallcap Sweep. 20-Feb-19


Trakm8 (TRAK) raises £0.5m by sale and leaseback of its offices.
Laura Ashley (ALY) H1 rev down 9%, LFL -4%. Pretax nil (£4.3m). Guides FY below market expectations.
EKF Diagnostics (EKF) US FDA approves Quo-Test analyser for lab use. It measures glycated haemoglobin for diabetes indication.
Impellam Group (IPEL) will demerge Carlisle Support Services which had rev £44.8m and pretax £0.3m. Shares will trade on JP Jenkins matched bargain facility so may be hard to sell
Haydale Graphene (HAYD) confirms speculation that it plans placing at a material discount. ShareProphets yesterday claimed 5p placing on the way.


Notes (do not rely on the data)
TRAK: Price=28.27. Cap=14m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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.
ALY: Price=3.27. Cap=24m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Ashley (Laura) Holdings is an international lifestyle brand, which specialises in retailing furniture, home accessories, decorating and fashion products.
EKF: Price=34.25. Cap=156m. 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.
IPEL: Price=550. Cap=272m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Impellam Group provides managed and specialist staffing services. The company has managed services and specialist staffing segments
HAYD: Price=22. Cap=6m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Haydale Graphene Industries is a UK based company engaged in the research and development, manufacturing and sale of patented scalable plasma process to functionalize graphene, and other nanomaterials.

* 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-Feb-19
Red faces at Purplebricks

Purplebricks (PURP) Once a £1bn co, soon to be a smallcap. Slashes FY rev guidance by 20%. UK and US CEOs to leave shortly. The incentives in the business model never made sense to me.
Malvern International (MLVN) small placing at 4p, an 11% discount.
McBride (MCB) H1 rev up 11%, adj EPS flat. Repeats yesterday's FY warning. Why did they RNS on two days?


Notes (do not rely on the data)
PURP: Price=164.6. Cap=499m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Purplebricks Group is an estate agency engaged in lettings business driven by a combination of professional local property experts, technology and customer facing software.
MLVN: Price=4.59. Cap=11m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Malvern International is engaged in investment holding and provision of educational consultancy services.It provides the educational offering that is broad and geared towards preparing students to meet the demands of business and management.
MCB: Price=86.8. Cap=159m. F/C for current FY*: EPS= NA, Prospective PE= NA, 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. 22-Feb-19
Bye bye Flybe, Flybe goodbye*.

MediaZest (MDZ) keeps the lights on with £100k placing at 0.1p, a surprising nil discount. Mind you, 0.1p is the nominal value of the shares so they can't go lower.
Flybe Group (FLYB) sale of airline complete, leaving a worthless shell. Holders will vote to get 1p (or nothing if they reject) for the shares in March. And yet shares were still over 2p yesterday. * Bay City Rollers


Notes (do not rely on the data)
MDZ: Price=0.09. Cap=1m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MediaZest through its subsidiaries provides one-stop audio, visual, aromatic, satellite delivery, content management and consumer interaction platform to retailers and brand owners.
FLYB: Price=2.05. Cap=4m. 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. 25-Feb-19
FAB not fab, no clap for TAP.

Fusion Antibodies (FAB) warns FY rev expected to be materially below current market expectations but at least £2.1m.
Taptica (TAP) current trading 'varied', performance-based advertising continuing to be weak. Tremor robust.
Tristel (TSTL) H1 pretax (before share-based payments) beats Dec guidance of £2.2m by £0.2m. Rev up 12%.


Notes (do not rely on the data)
FAB: Price=37.12. Cap=8m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Fusion Antibodies is engaged in the research, development and manufacturing of recombinant proteins and antibodies, particularly in the areas of cancer and infectious diseases.
TAP: Price=181.5. Cap=124m. 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.
TSTL: Price=299.5. Cap=134m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Tristel is a medical instruments manufacturer. Its products include infection prevention and contamination control equipment used in various medical settings.

* 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. 26-Feb-19
XLM not excellent

Corero Network Security (CNS) wins orders totalling $1.6m.
XLMedia (XLM) 2019 has started in line with management's expectations but will cease involvement in much of its existing Media activities. $11-13m write off, guides FY rev cut by ~$30m, adj EBITDA by ~$6-7m.
LXB Retail Properties (LXB) FY. Guides final return of capital ~2p. "It has not yet been possible to conclude a final settlement with Highways England covering the road works completed in June 2017 and neither do we currently have an agreed final contract sum for the works required following the recent road safety audit. The delay is compounded by the public difficulties of the contractor, Interserve. As a consequence, the highways performance bond will need to be cash collateralised beyond the anticipated life of the Group."


Notes (do not rely on the data)
CNS: Price=9.19. Cap=37m. 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.
XLM: Price=78. Cap=169m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
XLMedia is a digital publisher and marketing company which attracts paying users from different online channels and directs them to online gambling operators. It operates through three segments: Publishing, Media and Partners Network.
LXB: Price=5.5. Cap=9m. 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. 28-Feb-19
TEF leads way on housing downturn

Telford Homes (TEF) warns FY pretax will be bottom end of guidance at £40m ."Programme delay of six months at City North, outside of the Group's control, expected to defer £15 million of profit between FY 2020 and FY 2021 such that profit before tax in FY 2020 is anticipated to be significantly below FY 2019." Increased strategic focus on build to rent - less debt but lower margins too. Major builders are still inceasing profit.
Intercede Group (IGP) $0.5m order for MyID credential management software. Some rev will fall in next FY.
Foxtons (FOXT) FY rev £111.5m down 5%. F/C £108m. Adj EPS -0.8p (2.6). Div nil. Sales down 15%, lettings good. "The outlook for sales remains unchanged with a range of factors, including political uncertainty, likely to contribute to ongoing low transaction levels in the short to medium term." SP up 20% in a week! Is that anticipating Brexit delay?
Byotrol (BYOT) US approval for improved versions of its 24-hour germ-kill surface sanitizer, 'Byotrol24'. What's the USP? "Newly-developed long-lasting fragrances to give a strong sensory cue to consumers that the product continues to work for 24 hours."
Modern Water (MWG) warns FY loss will be slightly greater than market expectations due to weak membrane division.


Notes (do not rely on the data)
TEF: Price=350. Cap=265m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Telford Homes is a property developer in London, United Kingdom. It designs and constructs homes, apartments, schools, churches and commercial buildings.
IGP: Price=21. Cap=11m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Intercede Group and its subsidiaries is an independent developer and supplier of identity and credential management software. The Company's products include MyID Identity and Credential Management System.
FOXT: Price=61.2. Cap=168m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Foxtons Group is a London estate agency, offering residential property sales and lettings services through its Foxtons business.
BYOT: Price=2.4. Cap=10m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Byotrol is engaged in the development, patenting and sale of products based on microbial technology. Its operations are located in the United Kingdom and the United States of America.
MWG: Price=6.7. Cap=8m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Modern Water owns, develops and supplies technologies, products and services related to the provision of fresh water and treatment and disposal of waste water.

* 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