MrC's Smallcap Sweeps for Sept 2019

[SwissPaul]

Same old Same old
Revenues stable at £4.1 million (H1-2018: £4.1 million)

· Gross profit also stable at £2.0 million (H1-2018: £2.0 million)

· Adjusted EBITDA, before R&D and planned marketing, communications and brand costs of £519,000 (H1-2018: £587,000)

· Reported loss before tax of £86,000 (H1-2018: profit £7,000)

· Basic loss per share of 0.05 pence (H1-2018: earnings per share of 0.01 pence)

I am pleased to report that further progress has been achieved in 2019 in a number of areas such as product development, government lobbying, branding, technical and the strengthening of our direct front-line sales force. As previously reported, the world is rethinking the way plastic is produced, used and disposed of, and is in many cases adopting technologies that are low cost and non-disruptive to manufacture, and that can be reused and recycled at the end of their useful life, without increasing CO2 emissions. The trend for change from ordinary plastics to materials less harmful to the environment is clearly evolving and we are seeing a sharp increase in activity from our global network of distributors, customers and potential customers, for many of our "making plastic smarter" technologies.

Well read into that whatever you can. Means Jack to me

[MrContrarian]

Smallcap Sweep. 30-Sep-19
SpaceandPeople yet another warning.

Accsys (AXS) rev up 40% in last 5 months. Tricoya plant in Hull now won't open until H2 2020. "The delay is expected to result in overall project costs for the project being significantly higher than initially expected and we are discussing the associated funding arrangements with our project partners noting that a portion of this is likely to be paid by Accsys."
SpaceandPeople (SAL) H2 rev flat, loss down but warning buried at bottom: Guides FY pretax £0.1m, lower than mgmt expected (F/C £0.46m). Blames Brexit mostly.
CEPS (CEPS) H1 poor was previously warned.


Notes (do not rely on the data)
AXS: Price=101. Cap=119m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Accsys Technologies is a chemical technology company focused on acetylation of wood. It is engaged in the production and licensing of its product Accoya solid wood and Tricoya wood elements.
SAL: Price=13.2. 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.
CEPS: Price=30. Cap=5m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
CEPS is an industrial holding company. It is engaged in acquiring majority stakes in stable, profitable and steadily growing entrepreneurial companies.

* 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