MrC's Smallcap Sweeps for Sept 2019

[MrContrarian]

Smallcap Sweep. 02-Sep-19


Portmeirion Group (PMP) CEO resigns, becomes NED. He is thanked, and how: "Without his leadership, commercial expertise, commitment and perspicacity the Group would not be the force that it is in homewares today." CFO now CEO.


Notes (do not rely on the data)
PMP: Price=862. Cap=94m. 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.

* 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. 02-Sep-19


Portmeirion Group (PMP) CEO resigns, becomes NED. He is thanked, and how: "Without his leadership, commercial expertise, commitment and perspicacity the Group would not be the force that it is in homewares today." CFO now CEO.


Notes (do not rely on the data)
PMP: Price=862. Cap=94m. 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.

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

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

@MrContrarian

[MrContrarian]

Smallcap Sweep. 03-Sep-19
No cigar for Xaar

Xaar (XAR) warns FY trading expected to be weaker than previously anticipated with H2 rev similar to H1. £5.7m stock write-down. "Management continues to focus on its strategic negotiations [for investing partner, RNS March] and expects that some additional time could enable the Board to provide a more meaningful update on progress" so interims delayed to 26 Sept.
Solid State (SOLI) guides FY profit significantly ahead of expectations but rev in line. Credits stronger margins, weak £ and the Pacer acquisition performing better than expected.
Synnovia (SYN) rec offer of 125p, a 43% premium.
NewRiver REIT (NRR) £58m disposals so far this FY at 1.2% above book value.
Real Good Food (RGD) CEO will leave end Sept. CEO role has become part time due to creation of two autonomous business units with their own separate strategies.
Stirling Industries (STRL) the cash shell shares are suspended pending an RTO.
Qannas Investments (QIL) suspended pending an RTO of portfolio includes shareholdings in a number of publicly traded GCC-focussed companies, in sectors such as real estate, maritime shipping services and insurance.
Michelmersh Brick (MBH) H1 rev up 17%, guides FY ahead of market expectations.


Notes (do not rely on the data)
XAR: Price=88. Cap=69m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Xaar is a digital inkjet technology company that manufactures piezoelectric drop-on-demand industrial inkjet printheads and develops and sells ink systems, electronics and fluid optimisation services to accelerate the system development and adoption.
SOLI: Price=436. Cap=37m. 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.
SYN: Price=88.8. Cap=35m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
NRR: Price=168.4. Cap=515m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
NewRiver REIT is a real estate investment trust that invests in, manages, and develops retail and leisure properties. The company’s property portfolio consists of shopping centres, retail warehouses, and pubs across the United Kingdom.
RGD: Price=6.88. Cap=7m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Real Good Food is engaged in sourcing, manufacturing, and distribution of food to the retail and industrial sectors. Its products include sugar, baking ingredients, jams and sweet bakery products and among others.
STRL: Price=41.9. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
QIL: Price=0.5. Cap=37m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MBH: Price=87.97. Cap=81m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Michelmersh Brick Holdings is engaged in the management and administration of its subsidiary companies. The main activity of the subsidiary companies is to manufacture bricks, with one subsidiary operating a landfill site.

* 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-Sep-19
Quiz lacks fizz, Miton merger.

Miton Group (MGR) all paper rec offer (or merger) ftom Premier Asset Management. MGR holders get 0.30186 Premier shares/MGR share. Value is 56.74p (51.84p + special dividend of 4.9p) at PAM's closing price of 171.75p. That's a 38% premium.
Petards Group (PEG) wins £1.1m defence order for Electronic Countermeasures equipment.
Stirling Industries (STRL) confirms that RTO target announced yesterday is German co Ipsen, a provider of heat treatment equipment.
Cyanconnode Holdings (CYAN) H1 has going concern stmt. Trading in line.
Quiz (QUIZ) AGM stmt. Rev broadly flat, "Consistent with the widely reported conditions on the UK high street, the business has experienced a reduction in store footfall."
Cambria Automobiles (CAMB) guides FY ahead of market expectations. New car sales down 18.3% of which private sales down 11.7%, LFL private down 7.8%.
Somero Enterprises (SOM) H1. Guides FY rev $83m-87m. Previous guidance was $87m.
Alpha FX Group (AFX) H1. Board remains 'very comfortable' with FY market expectations.


Notes (do not rely on the data)
MGR: Price=41.69. Cap=72m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Miton Group is a fund management company. Its funds are invested in a range of asset classes under various investment mandates, including multi-asset, equity, and portfolios of collective investment schemes.
PEG: Price=19.75. Cap=11m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Petards Group is engaged in development, supply and maintenance of technologies used in security, surveillance and ruggedised electronic applications.
STRL: Price=41.9. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
CYAN: Price=3.9. Cap=7m. 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.
QUIZ: Price=19.5. Cap=24m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
QUIZ is an omni-channel fast fashion womens wear brand. It focus on occasion wear and dressy casual wear offering clothes, footwear and accessories. Its segments include Occasion wear, Dressy casual, and Footwear.
CAMB: Price=55. Cap=55m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Cambria Automobiles is an automobile retailer. It offers volume, premium and luxury brands through its franchised dealerships like Aston Martin, Honda, Jaguar, Ford.
SOM: Price=279.55. Cap=157m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Somero Enterprises Inc 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.
AFX: Price=737. Cap=274m. 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. 05-Sep-19


Altitude (ALT) H1 trading. Rev up 42%, less than expected. Warns on FY.
Gabelli Value Plus+ (GVP) proposed tender offer cancelled because a GM has been called to to propose a continuation vote.


Notes (do not rely on the data)
ALT: Price=92.1. Cap=63m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Altitude Group operates a technology and information business in the UK and across North America with a focus on serving the promotional merchandise, marketing services and print sectors.
GVP: Price=122. Cap=120m. 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. 06-Sep-19
Light dims at ProPhotonix

ProPhotonix (PPIX) H1 rev down 19%, guides H2 rev similar. Board "investigating securing new sources of capital as well as other strategic initiatives and options." SP halved in a year.
Xpediator (XPD) loses CFO, CEO will remain in place now. He is thanked.
Connect Group (CNCT) extends Telegraph distribution contract, worth 15% of its newspaper rev.


Notes (do not rely on the data)
PPIX: Price=3.08. Cap=3m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
ProPhotonix is an independent designer and manufacturer of LED systems, and a manufacturer of laser modules and a distributor of laser diodes.
XPD: Price=23.5. Cap=32m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Xpediator is an integrated freight management business. The Group has three main business areas: freight forwarding services; logistics and warehousing; and transport services.
CNCT: Price=39. Cap=97m. 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.

* 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-Sep-19


MXC Capital (MXCP) FY trading, tender, demerger. Trading EBITDA* at least £1.7m. MXC Capital UK will demerge and list on International Stock Exchange in Guernsey. Guernsey? How is that going to get the best SP? Tiny tender offer (2.7% of cap) proposed at 117p. * =HEWCMU (Highest Earnings We Could Make Up).
Eddie Stobart (ESL) possible offer. No figure. Remains suspended pending accountng review.
Midatech Pharma (MTPH) CFO resigns but will aid hand over. He is thanked. New CFO starts today.
Ten Lifestyle Group (TENG) guides FY rev in line but adj EBITA ahead of mkt expectations.
Cerillion (CER) major new contract worth £3.7m but guidance kept.
Luceco (LUCE) H1 in line. H2 started ahead of expectations but maintains FY outlook due to Brexit threat.
Medica Group (MGP) H1. Guides FY rev slightly ahead but profit in line with mgmt expectations.


Notes (do not rely on the data)
MXCP: Price=93.08. Cap=63m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MXC Capital is a Guernsey based investment and advisory firm. The company makes investments in the growing technology businesses while supporting them with advisory services.
ESL: Price=70.44. Cap=269m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Eddie Stobart Logistics is a logistics and supply chain company. It provides transport, warehousing, rail and freight logistics services to United Kingdom and international customers.
MTPH: Price=5.59. Cap=23m. 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.
TENG: Price=113. Cap=91m. 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.
CER: Price=162. Cap=47m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Cerillion is a charging, billing and customer relationship management software company. It provides a comprehensive set of solutions across a range of industries including the finance, telecommunications and transportation industries.
LUCE: Price=72.7. Cap=117m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Luceco manufactures & distributes LED lighting products, wiring accessories, portable power equipment & home entertainment products for global customer base. Its segments include LED Lighting, Wiring Accessories, Portable Power, and Ross & other.
MGP: Price=131.5. Cap=146m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Medica Group is a provider of teleradiology services. Teleradiology is the electronic transmission of radiological patient images, including plain film x-rays, Computerised Tomography scans and Magnetic, Resonance Imaging scans.

* 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-Sep-19


Renewi (RWI) sells Reym industrial cleaning business for an EV of £57m, a book loss of £25m. FY op profit was £4m.
Itaconix (ITX) H1 has going concern stmt.
Concurrent Technologies (CNC) H1 has going concern stmt.


Notes (do not rely on the data)
RWI: Price=30.65. Cap=245m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Shanks Group is a waste-to-product company providing services such as collection, recycling and treatment of commercial waste, reprocessing and recycling of contaminated soil and materials.
ITX: Price=2.55. Cap=7m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Itaconix designs and manufactures proprietary specialty polymers to improve the performance of its customer’s and partner’s products. It primarily serves the Household, Personal Care, and Industrial sectors.
CNC: Price=64.44. Cap=47m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Concurrent Technologies Plc develops computer system essentials such as processor boards and transmission modules for original equipment manufacturers. It derives the maximum revenue from the United Kingdom.

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

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

@MrContrarian

[MrContrarian]

Smallcap Sweep. 11-Sep-19


Capital & Regional (CAL) discussion re Growthpoint (a private company) acquiring a majority stake in the Company through a combination of a partial offer in cash for Capital & Regional shares and an injection of capital.
Amiad Water Systems (AFS) H1 rev up 4%. Guides FY rev broadly in line with market expectations.


Notes (do not rely on the data)
CAL: Price=16.5. Cap=120m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Capital & Regional is a UK focused specialist property real estate investment trust. It wholly owns and manages shopping centers situated in Blackburn, Camberley, Hemel Hempstead, Luton, Maidstone, Walthamstow, and Woodgreen.
AFS: Price=266. Cap=60m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Amiad Water Systems is a producer and supplier of water filters and filtration systems. Its systems are used in two key markets, being the industrial market, which includes the municipal, ballast water and oil and gas markets and irrigation market.

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

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

@MrContrarian

[MrContrarian]

Smallcap Sweep. 13-Sep-19


GAN (GAN) rejects all offers received in strategic review. Trading is significantly ahead of the Board's expectations.
Character Group (CCT) guides pretax £11-11.5m, slightly under the lower end of current market expectations. Blames closure of largest Scandinavian customer and the weak £.


Notes (do not rely on the data)
GAN: Price=73. Cap=62m. 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.
CCT: Price=370. Cap=79m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Character Group (The) is a United Kingdom-based company which is engaged in the design, development and international distribution of toys, games and giftware.

* 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-Sep-19


Angling Direct (ANG) trading - slight slowing of store LFL to 13.5% in June-Aug vs 15% in H1 trading RNS (to end July). Overlapping periods, so comparison may not be useful.
21st Century Technology (C21) H1 rev down 11%, pretax -£0.4m (+£0.35m). Blames slump in new vehicle purchases. Order intake is up.


Notes (do not rely on the data)
ANG: Price=59.16. Cap=38m. 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.
C21: Price=3.4. Cap=3m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
21st Century Technology is provider of solutions to the transport community. The company is engaged in providing Fleet Systems solutions and Passenger Systems information 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. 17-Sep-19
8 warnings, a record.

Watchstone Group (WTG) sells Canadian Healthcare services business for $36.2m (£22.3m) (adj for cash/debt). Will have to pay pref share holders C$3.9m (£2.3m). Last H1 EBITDA was C$2.5m (£1.4m).
Toople (TOOP) order numbers in July & August ahead of expectations.
St James House (SJH) pre-paid card programme for its new client delayed by ommercial approvals. Also probs at Merchant services: "no traffic is currently being processed due to issues with the nature of traffic from clients onboarded during July and August".
Staffline (STAF) H1 poor as expected. Cuts FY adj op profit guidance to £20m. Blames weak consumer confidence. Prev guidance (June) was adj EBIT £23m-28m, which it also referred to as op profit.
Trackwise Designs (TWD) warns of material miss in FY rev and op profit. Challenging macro and market conditions hit the RF division.
KRM22 (KRM) H1. Failed to close orders as expected during the summer. Going concern stmt.
Surgical Innovations (SUN) H1 rev down 4%. Q2 poor, expects UK and EU markets will continue to be challenging, guides modest H1 rev growth over H1.
MS International (MSI) weak demand means "a substantial weakening in the Company's results." Acquires Armada Janse in Netherlands for €0.34m. Had FY rev €4.8m, tiny profit.
French Connection (FCCN) weak H1 with rev down 12% due to ongoing store closures and some wholesale shipments delayed to H2. Guides FY in line. Also delays company sale decision to end FY.
Spectra Systems (SPSY) gets funding approval for $1.3m contract with a G7 central bank to deliver three advanced quality control units. Guides FY profit to significantly exceed market expectations..
Loopup Group (LOOP) H1 rev up 86% but cuts FY rev growth guidance to 26% and EBITDA margin ~15%. "This guidance makes the cautious assumption that the headwinds strengthen even further during the second half before stabilising during FY 2020."
Quixant (QXT) weak H1 as warned with rev down 16%. "Order levels [from some large customers] will not return to those achieved in previous years both for the rest of this year and for at least the first half of 2020. New business from other customers has partially offset this shortfall."


Notes (do not rely on the data)
WTG: Price=93.2. Cap=43m. 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.
TOOP: Price=0.28. Cap=3m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Toople provides telecommunication services in UK. The Company's services include business broadband, fibre, EFM & Ethernet data services, business mobile phones, cloud PBX and SIP Trunking and traditional services.
SJH: Price=63. Cap=2m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
STAF: Price=154. Cap=106m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Staffline Group PLC, together with its subsidiaries, provides recruitment and outsourced human resource service.
TWD: Price=125. Cap=19m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
KRM: Price=72. Cap=13m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
SUN: Price=2.1. Cap=17m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Surgical Innovations Group plc is principally involved in the design, development, manufacture, and sale of devices for use in minimally invasive surgery (SI) and precision engineering markets (PE).
MSI: Price=197. Cap=33m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MS International along with its subsidiaries is engaged in the design and manufacture of specialist engineering products and the provision of related services. It manufactures defence equipment, and forgings equipment.
FCCN: Price=38.71. Cap=37m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
French Connection Group is a retailer and wholesaler of fashion clothing and accessories which designs, produces and distributes branded fashion clothing for men and women.
SPSY: Price=118. Cap=54m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Spectra Systems Corp invents, develops and sells integrated optical systems that provide customers with increased efficiency, security tracking and product life. The integrated systems combine consumables and engineered optical materials.
LOOP: Price=102. Cap=56m. 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.
QXT: Price=302. Cap=201m. 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.

* 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-Sep-19


Colefax Group (CFX) Fabric Division sales for the four months to 31 Aug down 1% or 5% on a constant currency basis. Cautious outlook.
Image Scan (IGE) guides FY loss £0.4m. Wins £800k contract for FY20.
Nektan (NKTN) H2 B2C rev down due to continued impact of higher UK tax and player verifications. Partners agree to re-initiate significant marketing spend ubject to the delivery of certain items (not specified). Plans rescue placing of at least £3m, closing 25 Sept.
APC Technology (APC) rec offer at 10p, a 10% premium which the chmn calls 'attractive'.
Starcrest Education (OBOR) suspended pending RTO. Will need placing to fund.
Nakama Group (NAK) FY. Current trading in line. Going concern stmt.
Bonhill Group (BONH) H1. Guides FY rev and EBITDA ~£1m below market expectations.
Cenkos Securities (CNKS) H1 rev down 41%. FY rev may be down YoY but H2 "has started well with a number of transactions completed including an IPO."
Zoo Digital Group (ZOO) AGM stmt. Guides H1 adj EBITDA ahead of mgmt expectations despite rev flat.
Cello Health (CLL) H2. Guides FY at least in line with market expectations.
Judges Scientific (JDG) H1 rev up 9%. Guides FY ahead of FY 2019 expectations, which are: pretax £15m, adj EPS 188.4p.


Notes (do not rely on the data)
CFX: Price=465.4. Cap=42m. 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.
IGE: Price=1.02. Cap=1m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Image Scan Holdings is engaged in designing, manufacturing and supply of portable and fixed x-ray security screening systems to governments, security organisations and law enforcement agencies.
NKTN: Price=9.18. Cap=10m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Nektan provides international gaming solutions and services. Its products are White Label casino, Game distribution, Game studios and North America.
APC: Price=8.8. Cap=16m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
APC Technology Group is engaged in providing designs, specifications and distribution electronic components and systems, lighting technologies and connectivity products to the aerospace, industrial, real estate, logistics and healthcare sectors.
OBOR: Price=42. Cap=9m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
NAK: Price=0.8. Cap=1m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Nakama Group is a technology recruitment consultancy. The Company operates in the digital, creative, media, marketing, technology sectors with offices in the UK, Asia, USA and Australia.
BONH: Price=56.1. Cap=27m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
CNKS: Price=44.25. Cap=25m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Cenkos Securities is an independent, specialist institutional securities group, focused on small and mid-cap companies.
ZOO: Price=79.4. Cap=59m. 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.
CLL: Price=124.5. Cap=132m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Cello Group with its subsidiary company provides market research and direct communications services to its consumer. Its segments include Cello Health and Cello Signal.
JDG: Price=3440. Cap=214m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Judges Scientific is engaged in designing, manufacturing and sale of scientific instruments.

* 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-Sep-19
Two warnings

Bilby (BILB) FY adj EBITDA £3.2m (£6.3m) vs prev guidance £2-3m. Adj pretax £2.5m (£5.8m). No final div. Curr trading in line. Guides FY20 underlying rev £59 million, adj EBITDA at least £4.5m.
Newmark Security (NWT) returns to FY modest profit. Rev up 22%. EPS 0.04 (-0.4). No F/C available. Confident outlook.
Safestyle (SFE) H1. Cuts FY profit outlook to £0.5m loss.
Cambridge Cognition (COG) H1 poor as guided in Aug. "Board believes that the Company has sufficient cash reserves to drive the business to profitability." Sounds a tad tight. Relentlessly positive outlook. "We look forward to a stronger H2 and a return to growth in 2020."
SIMEC Atlantis Energy (SAE) H1. Rev £2m (£1.3m) Cash down to £5.1m (£9.3m). Debt £3.6m. Op C/F -£7.6m (-£4.9m). "Both MeyGen and the Uskmouth project have created remarkable opportunities for the Atlantis team to forge new paths and demonstrate leadership in innovation and delivery of solutions..." Can you imagine Brunel spouting stuff like that?
Petards (PEG) H1 rev down 8%. Order delays means FY "satisfactory, albeit lower than previously anticipated, performance."


Notes (do not rely on the data)
BILB: Price=26.4. Cap=11m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Bilby is a holding company. The Company through its subsidiary provides gas heating appliance installation and maintenance services to residential and commercial properties.
NWT: Price=0.65. Cap=3m. 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.
SFE: Price=55. Cap=46m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Safestyle UK manufactures and installs replacement doors and windows. Its products include double glazed doors and windows which are marketed under the EcoDiamond brand.
COG: Price=26. Cap=6m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Cambridge Cognition Holdings is a neuroscience digital health company specialising in the precise measurement of clinical outcomes in neurological disorders.
SAE: Price=9.2. Cap=39m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
PEG: Price=19.77. Cap=11m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Petards Group is engaged in development, supply and maintenance of technologies used in security, surveillance and ruggedised electronic applications.

* 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-Sep-19
EVE crashes out of bed with merger partner

Eve Sleep (EVE) guides FY rev only £25m-£27m. F/C is £35.3m. Blames everything but themselves. Still expects smaller FY EBITDA loss. Merger is off, unsuspended.
ULS Technology (ULS) a contract is no renewed, will cut £0.4-0.5m off FY21 pretax. Only minor hit this FY.
Thomas Cook Group (TCG) cnfirms bailout inc to £1.1bn as it needs £200m seasonal standby facility. Recap "expected to result in existing shareholders' interests being significantly diluted, with significant risk of no recovery."


Notes (do not rely on the data)
EVE: Price=4.9. Cap=13m. 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.
ULS: Price=52.03. Cap=34m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
ULS Technology is a holding company. The Company provides SaaS online comparison service for for brokers, solicitors, estate agents, lenders, network/associations and customers.
TCG: Price=4.52. Cap=69m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Thomas Cook Group is a travel and leisure company. The company operates airlines, hotels, tours, and travel agencies and booking services. The Group Tour Operator business contributes the majority of its revenue.

* 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-Sep-19
Journey's end for Thos. Cook

Thomas Cook (TCG) enters liquidation.
Sosandar (SOS) AGM stmt: trading n line with management expectations. Increased investment in marketing and product producing "very good results". Sept rev to date better than whole Sept 18.
XLMedia (XLM) H1 rev down 0.9. Trading: weaker-than-expected performance in July and August. Blames regulatory headwinds. Guides FY rev ~$80m, adj EBITDA $34m.
Omega Diagnostics (ODX) £1.7m keep-the-lights-on placing at 10p, a 15% discount.
Goals Soccer Centres (GOAL) possible offer of 5p from Sports Direct. Was suspended in March at 27p.
Osirium Technologies (OSI) contract win: license for 2,600 devices over 3 yrs with major UK provider of software and IT services. No £££.
Escape Hunt (ESC) has now signed the contract (see April RNS) with its US franchising partner for USA & Canada.
Seeing Machines (SEE) FY rev up 4% to A$31.9m. F/C was 29.5m. FY20 rev guidance A$45-50m. F/C is 45.7m.
Keystone Law (KEYS) H1 rev and adj pretax up 15%, ahead of expectations.
Telford Homes (TEF) merger cleared with EU, Will delist 1 Oct.


Notes (do not rely on the data)
TCG: Price=3.45. Cap=53m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Thomas Cook Group is a travel and leisure company. The company operates airlines, hotels, tours, and travel agencies and booking services. The Group Tour Operator business contributes the majority of its revenue.
SOS: Price=16.13. Cap=26m. 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.
XLM: Price=75. Cap=140m. 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.
ODX: Price=11.75. Cap=16m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Omega Diagnostics Group provides in-vitro diagnostics (IVD) products for use in hospitals, blood banks, clinics and laboratories and specializes in the areas of allergy and autoimmune, food intolerance and infectious diseases.
GOAL: Price=27.2. Cap=20m. 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.
OSI: Price=43.1. Cap=6m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Osirium Technologies provides cyber-security software that protects critical IT assets, infrastructures and devices by preventing targeted cyber-attacks from directly accessing Privileged Accounts.
ESC: Price=48. Cap=14m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Escape Hunt is the provider of live escape the room experiences. The escape room is a physical adventure game in which players are locked in a themed room and have to find clues and solve puzzles in order to escape against a countdown clock.
SEE: Price=4.08. Cap=137m. 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.
KEYS: Price=515.55. Cap=161m. 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.
TEF: Price=350. Cap=266m. 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.

* 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-Sep-19
That *bleeping* FireAngel warns again.

FireAngel (FA.) H1 rev up 17%. Cuts FY U/L 'operating result' to -£1-1.5m (before increase in amortisation from more cautious accounting). Blames completion of certain strategically significant trials.
ValiRx (VAL) has now received its £0.43m tax credit. It "continues to carefully manage" its cash.
Allied Minds (ALM) sells HawkEye 360 stake for $65.6m, a 5.6x return. Will return half to shareholders.
Versarien (VRS) AGM stmt is a jack-in-the-box of trials, collaborations, Letters of Intent but no money coming in.
Flowtech Fluidpower (FLO) H1 rev up 6% but expects little or no sales growth in H2. Guides FY pretax £10.8-11.2m due to 'Brexit nervousness'. The Stockopedia F/C is £9.75m, so figs not comparable? Also expects current conditions to persist well into 2020.


Notes (do not rely on the data)
FA.: Price=24. Cap=18m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
VAL: Price=0.16. Cap=2m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
ValiRx is a biopharmaceutical company. The Company is engaged in developing technologies and products in oncology therapeutics and diagnostics focused on the treatment of cancer and associated Biomarkers, specializing in epigenomic & genetic analysis.
ALM: Price=60. Cap=145m. 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.
VRS: Price=103. Cap=159m. 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.
FLO: Price=125. Cap=76m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Flowtech Fluidpower is a distributor of technical fluid power products. The Company supplies its fluid power products to distributors and resellers of industrial maintenance, repair and operations products.

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

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

@MrContrarian

[MrContrarian]

Smallcap Sweep. 25-Sep-19
Coral eroding.

Coral Products (CRU) 4 months trading: sales and profits are below management's expectations. "New business is expected to impact during the second half together with the management action taken, leads us to expect to still report a satisfactory outcome for the year."
Carclo (CAR) trading: Technical Plastics and Aerospace divs performed ahead of expectations. Still trying to get shot of Wipac following the mess they made of it. FD designate changes his mind and scarpers. Finds replacement.
Hornby (HRN) AGM stmt : "We regret not producing a Brexit themed model...If the situation persists, we have plans for a locomotive that reliably gets stuck between stations."


Notes (do not rely on the data)
CRU: Price=7.4. Cap=6m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Coral Products manufactures plastic injection and extrusion molded products. The company also engages in the business of reselling and distributing food packaging products and household products mainly offering containers and molded products.
CAR: Price=10.8. Cap=8m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Carclo is a technology light-emitting diode (LED) plastics group which is engaged in four segments; Technical Plastics, LED Technologies, Aerospace and Conductive Inkjet Technology. The company is also a supplier of control cables in Europe.
HRN: Price=27.77. Cap=35m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Hornby is engaged in the business of hobby and toy products. The company develops, designs, sources, and distributes hobby and toy products under brands such as Hornby RailRoad, Skaledale, and Heico Modell.

* 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-Sep-19


Hardide (HDD) guides FY rev £5m up 9%, ahead of expectations but EBITDA in line due to sales mix and continuing investment.
NWF Group (NWF) AGM stmt: Q1 marginally ahead YoY, ahead of mtmt expectations but retains FY in line.
Surface Transforms (SCE) selected as tier one supplier of a carbon ceramic brake disc to a major high performance car co AKA OEM1. £400k sales in this FY, small as it's for on a track car.
Transense Technlgy (TRT) FY rev up 9%, post-tax -£1.47m (-£1.89m), ahead of expectations.
Xpediator (XPD) H1 rev up 30% of which 1/3 was organic. Adj pretax down 23% though. Blames additional investment in personnel and IT and higher than expected losses from EshopWeDrop. Now expects FY adj pretax £5m thanks to mgmt actions & continued positive trading from core businesses. Not clear if that's a cut or a hike. Stockopedia F/C £3.9m.
Volvere (VLE) H1. NAV 1356p/sh up from 1250 in Dec. SP is at 15% discount to NAV.


Notes (do not rely on the data)
HDD: Price=73.67. Cap=36m. 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.
NWF: Price=162.2. Cap=79m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
NWF Group is engaged in manufacturing and selling of animal feeds, the sales and distribution of fuel oils and the warehousing and distribution of ambient groceries.
SCE: Price=23.4. Cap=32m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Surface Transforms develops and manufactures carbon ceramic products mainly for the brakes market. The firm engages in developing new products and application of carbon fiber reinforced ceramic materials.
TRT: Price=70.44. Cap=11m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Transense Technologies develops non-contact batteryless sensors and their electronic interrogation systems for automotive and industrial applications. The firm with its subsidiary also provides tyre management solutions for the truck and OTR markets.
XPD: Price=25.85. Cap=35m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Xpediator is an integrated freight management business. The Group has three main business areas: freight forwarding services; logistics and warehousing; and transport services.
VLE: Price=1160. Cap=21m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Volvere is an investment company which invests in undervalued and distressed businesses and securities as well as complementary businesses to the existing group.

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

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

@MrContrarian

[MrContrarian]

Smallcap Sweep. 27-Sep-19
Malvern underwater

Numis Corporation (NUM) FY trading - mid to high teens rev drop. Blames quiet mkt for deals. Also new office will cost extra £3m PA from FY21.
MediaZest (MDZ) AGM stmt: continued recovery from poor H1. Two large projects to complete in by Dec, "expects to build upon last year’s profit for the current financial year despite the economic environment."
Gulf Marine Services (GMS) signs formal waiver agreement with banks. talks continue on long-term solution to its capital structure.
Hipgnosis Songs Fund (SONG) to issue £300m of C shares. These can vote but only get divs from the assets their capital is used to purchase, avoiding dilution of ords. Still dilutes the earnings attributable to ords so what's the point?
Malvern (MLVN) H1 rev up 28% but EPS -0.6p (-0.29p) due to £1.1m write-down of Malasian op. Puts Malasian op for sale after very disappointing performance.
Helios Underwriting (HUW) H1 pretax £650k up 42%. "Syndicate results for the 2017 and 2018 underwriting years will exceed current mid-point forecasts published by the managing agents."
redT energy (RED) H1 pretax -£3.4m (-£5.9m). 'Free cash' £3.1m. Going concern stmt - needs more funding.


Notes (do not rely on the data)
NUM: Price=241.5. Cap=254m. 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.
MDZ: Price=0.07. 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.
GMS: Price=5.39. Cap=19m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Gulf Marine Services is a provider of self-propelled, self-elevating accommodation jack-up barges in the Middle East and globally. The Company's business segments are Small Class vessels, Mid-Size Class vessels, Large Class vessels, and Other vessels.
SONG: Price=107.99. Cap=420m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MLVN: Price=2.1. Cap=5m. 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.
HUW: Price=119.55. Cap=22m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Helios Underwriting is a financial services company. Its core business includes limited liability investment for its shareholders in Lloyd’s insurance market mainly through syndicate participation.
RED: Price=1.13. Cap=10m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
RedT Energy and its subsidiaries develops and supplies durable & robust energy storage systems based on proprietary vanadium redox flow technology for on and off-grid applications.

* 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