MrC's Smallcap Sweeps for Dec 2019

[MrContrarian]

Smallcap Sweep. 02-Dec-19
TED misled - shreds threads' value

Pelatro (PTRO) slashes FY rev guidance to $6.5m (min) due to delayed sales. F/C is $10.5m. Wins 5 yr contract worth $10-12m total.
Ted Baker (TED) old stock had been overvalued by £20m to £25m. No cash impact.
Bloomsbury (BMY) JV in China making BMY "one of a very small number of Western publishers with joint ventures in the Chinese mainland domestic market."


Notes (do not rely on the data)
PTRO: Price=41. Cap=13m. 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.
TED: Price=397.6. Cap=177m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Ted Baker is a lifestyle brand that operates through three main distribution channels: retail, which includes e-commerce; wholesale; and licensing, which includes territorial and licence income.
BMY: Price=270. Cap=203m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Bloomsbury Publishing along with its subsidiaries is engaged in the publication of books and other related services. The company's publishing services include editing, marketing, selling and distribution of titles either in print or digital formats.

* 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-Dec-19


Collagen Sol (COS) H1 rev up 14% but pretax loss up 12% to £1.2m. "Investment in capabilities in the first half means that top line growth has not translated to bottom line performance...We believe the continued performance of the tissue business, investment in additional capabilities and capacity in the collagen business, and delivery of development milestones in the second half will allow us to deliver against market expectations." So not actually guiding in line yet.


Notes (do not rely on the data)
COS: Price=3.4. Cap=15m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Collagen Solutions is a supplier, developer, and manufacturer of collagen-based biomaterials and medical devices, including tissue scaffolds for use in regenerative medicine. The company derives most of its revenue from North America.

* 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-Dec-19
More nasties at Saatchis

M&C Saatchi (SAA) nasty - guides FY adj pretax significantly below that expected at H1 RNS. Increases a/c 'adjustments' (for FY18, 19) of Sept by £3.8m to £11.6m. Also restructuring its UK office to save £6m PA at a cost of £2.5m.
TruFin (TRU) tender of 12% of shares at 45p, a 9% discount. Guess that's aimed at Arrowgrass, a 74.4% holder which wants to sell down. Conducting review which "may include proposals to dispose of and/or reduce the operations of certain subsidiaries in order to accelerate further returns of value to shareholders." Trading in line.
Ilika (IKA) trading in line - FY rev £1.5m and EBITDA -£1m despite all the grants they get. How long can they keep cashing in hope for funds?
Salt Lake Potash (SO4) plans fundraise so halts trading on ASX but not AIM!
Quiz (QUIZ) H1 poor as trailed in Oct. Rev down 5%, U/L pretax £0.6m (£4.2m). Recent 9 weeks rev down 6%, "we have seen a positive response to recent product ranges. " blah blah.
June, at 1030h (BST). The details are:
LoopUp (LOOP) offer new options at 75p to replace those granted at 440p (Aug '18) and 317p (June '19). The co-CEOs graciously waive their option option. SP is 67.5.

In line: SEIT, INX

Notes (do not rely on the data)
SAA: Price=148.5. Cap=138m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
M&C Saatchi is an advertising and marketing group. Activities carried out by the group include research agency services, direct marketing, digital advertising, mobile marketing, branding, corporate PR, TV production, sports sponsorship, among others.
TRU: Price=48. Cap=44m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
IKA: Price=28. Cap=28m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Ilika discovers and develops novel materials for mass market applications. It develops materials for corrosion resistant alloys, metal catalysts and hydrogen storage alloys.
SO4: Price=40.76. Cap=200m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Salt Lake Potash Ltd. is a mineral exploration company focuses on exploration and development of resource projects. It operates in Australia.
QUIZ: Price=16.8. Cap=21m. 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.
BST: Price=3.7. Cap=7m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Big Sofa Technologies is a business to business technology company that provides video analytics serving both brand owners and market research agencies.
LOOP: Price=67.5. Cap=37m. 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.

* 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-Dec-19


Joules Group (JOUL) H1 trading: rev down 1.4% due to Black Friday in H1 last time but not this year. Comparative period including Black Fridays had rev up 1.3%. Outlook 'well placed' but is that in line?
Time Out Group (TMO) delayed opening of Time Out Markets in Chicago Montréal and higher Market investment will hit FY EBITDA.
boohoo (BOO) founders slot 4.3% of co at 285p.
Wincanton (WIN) get 3 year renewal of logistics contract with Waitrose.
Remote Monitored Systems (RMS) gives up on Geocurve, will reduce costs by additional redundancies.
Porvair (PRV) guides FY rev up 13% and earnings slightly ahead of management's expectations.



Notes (do not rely on the data)
JOUL: Price=224. Cap=200m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Joules Group is a UK-based lifestyle brand which designs and sells Joules branded lifestyle clothing, accessories and homeware.
TMO: Price=125.1. Cap=188m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Time Out Group is engaged in global media and entertainment business.It helps to discover, book and share what the world's cities have to offer. it is connected to multiple platforms comprising digital app, mobile, social and print media.
BOO: Price=297.1. Cap=3462m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
boohoo.com is an online fashion retailer catering men and women in the UK and internationally. The firm designs, markets and sells its own-brand products through its website www.boohoo.com. Its business is spread across the UK, Europe and Others.
WIN: Price=257. Cap=320m. 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.
RMS: Price=0.45. Cap=2m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
PRV: Price=580. Cap=267m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Porvair is a pollution treatment control company. It is involved in the filteration of metals such as aluminum and super alloys. It is also used in the aviation, energy and industrial markets.

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

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

@MrContrarian

[MrContrarian]

Smallcap Sweep. 06-Dec-19


Haynes Publishing (HYNS) guides H1 adj pretax up 37%, cf FY f/c up 39%. Should support the formal sale.
Mobile Streams (MOS) CEO resigns (he sold his shares this week) but stays as an employee in the role of non-board VP Business Operations. Only 2 weeks ago, after a rescue placing, he said "the Company can now move forward with the exciting developments it has identified in what we hope is a new chapter as a public company."



Notes (do not rely on the data)
HYNS: Price=430. Cap=26m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Haynes Publishing Group is engaged in the production and sale of automotive and motorcycle repair manuals. It publishes books on motoring, transport, family, and do it yourself related areas with operations in UK, Europe, North America and Australia.
MOS: Price=0.18. Cap=1m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Mobile Streams is engaged in the sale of mobile content through Multi-National Organisation's, the sale of mobile content over the internet and the provision of consulting and technical 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. 09-Dec-19
FireAngel dire & painful.

FireAngel Safety Technology (FA.) another warning from the warning specialist. Guides FY loss £2.6m to £2.9m with rev up 20%, a 2% miss. Says 20% rev growth "has stressed the Company's processes from production right through to customer fulfilment. This has had the effect of repeatedly shaving small amounts of both revenue and margin." Also lower margin sales mix in Q4 and a litany of other problems that the board attracts like a [expletive deleted] magnet. Co pathetically describes the sales increase as 'fantastic'.
Trakm8 (TRAK) H1 rev flat, loss cut 18%. Confident H2 will be will be sufficiently improved to meet FY market expectations.
Integumen (SKIN) £1.4m placing at 1.5p, a 4% discount.Needed to meet growth plans. There's a 9 month trading stmt but no help to see if it's in line.
Open Orphan (ORPH) to swallow hVIVO in all paper offer at 34% premium. hVIVO holders will have 45% of enlarged co. There will be synergies.
Secure Trust Bank (STB) CFO resigns, will stay to March. He is thanked.

In line: FEN, ANG, AMO

Notes (do not rely on the data)
FA.: Price=12. Cap=10m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
TRAK: Price=23.49. Cap=12m. 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.
SKIN: Price=1.57. Cap=15m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Integumen is a personal health care company. It develops and commercializes technology and products for the human integumentary system that may improve physical appearance, hygiene and general health outcomes.
ORPH: Price=5.8. Cap=15m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
STB: Price=1380. Cap=255m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Secure Trust Bank provides banking solutions. Its services comprise of consumer and SME lending, savings products, business 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

[OLTB]

My holding in FA. has taught me much about investing in AIM...

No more investing willy-nilly

Cheers, OLTB.

[MrContrarian]

Smallcap Sweep. 10-Dec-19
FUM erection drug droops in trial.

Futura Medical (FUM) erectile dysfunction drug not statistically better than placebo in Phase III trial. However its DermaSys delivery device alone did some heavy lifting and "provides the company with a new, potentially simpler regulatory pathway for DermaSys as a medical device."
Journeo (JNEO) £1.2m placing at 50p, a 2% discount. Fell 6.5 yesterday though and 19p in a week. Trading in line and £9m orders received in Q4 for 2020 and later delivery.
McColl's Retail (MCLS) guides FY adj EBITDA £32m, marginally below expectations, due to unseasonable weather and lower consumer confidence in H2. LFL sales flat.
XP Power (XPP) guides FY rev and adj pretax below market consensus (£201.4m and £35.9m) due to "short-term disruption to shipments from the implementation of a new ERP."
Ted Baker (TED) cuts FY pretax guidance to £5m minimum due to recent weak sales and margin. Suspends div, reviews costs and assets. CEO and chmn resign. They are thanked. Amazing collapse in sales since the founder Huggin' Ray Kelvin resigned.
Access Intelligence (ACC) FY trading - Excluding the Pulsar acquisition, adj EBITDA expected to be~£1.1m, in line with market expectations. "On migrating Pulsar's contracts onto the Company's systems, the Company has identified a small number of contracts where there are questions regarding revenue recognition. The Board has appointed a firm of external accountants to assess whether this matter is isolated to the few identified contracts. The Board believe that this does not impact the rationale for the acquisition." Oh dear.
Zytronic (ZYT) FY rev and adj EPS slight miss. Outlook: "On the basis of the first two months of trading being at lower levels than last year, we are cautious about the short term."
Begbies Traynor (BEG) H1. Confident of delivering results at least in line with current expectations.

In line: SUS, RM., NEXS

Notes (do not rely on the data)
FUM: Price=29. Cap=59m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Futura Medical is a UK based drug manufacturer. Its business is to manufacture pharmaceutical products mainly for the treatment of erectile dysfunction and a measure against pain relief.
JNEO: Price=50. Cap=3m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MCLS: Price=41.8. Cap=48m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
McColl's Retail Group plc is a UK based retailer operating in convenience and newsagent stores. Its products and services include everyday groceries, milk, baked beans, fruit pots, snacks and ready meals.
XPP: Price=2880. Cap=554m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
XP Power is a United Kingdom-based developer and manufacturer of critical power control components. The company provides power solutions, including alternating current (AC)-direct current (DC) power supplies and DC-DC converters.
TED: Price=399.6. Cap=178m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Ted Baker is a lifestyle brand that operates through three main distribution channels: retail, which includes e-commerce; wholesale; and licensing, which includes territorial and licence income.
ACC: Price=53.2. Cap=41m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Access Intelligence is a software and computer services company. The Company provides reputation and risk management software solutions and services to public and private sectors in the United Kingdom, the European Union, and internationally.
ZYT: Price=197. Cap=32m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Zytronic develops and manufactures touch sensor products. Its products are used in various applications through the industrial, public access and service applications such as information and financial kiosks, digital signage and medical devices.
BEG: Price=88. Cap=112m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Begbies Traynor Group is a professional services consultancy. It is engaged in providing professional advice and solutions in areas of corporate recovery, restructuring, corporate finance, risk consulting and forensic investigations.

* 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-Dec-19
BigDish eats own words.

LightwaveRF (LWRF) LFL sales up 12% in first 2 months, bounceback from a poor Q4. Still seems pedestrian compared to what they need.
Sopheon (SPE) warns of sales delay in Q4. "We have not seen a reduction in the overall size of our pipeline, rather a shift in the timing of conversion. The total forward pipeline for the balance of 2019 and 2020 has continued to grow and is now around 60% higher than at the end of 2018; we estimate that a third of this pipeline is SaaS related."
Rosslyn Data Technologies (RDT) Warned in Sept, now adds more pain. Some clients deferring contracted projects plus co decided not to renew contracts with a high element of resale revenue which were unsustainable due to low gross margin. Wins £410k contract over 3 years though.
Provexis (PXS) £300k placing at 0.4p, an 11% discount, to keep the lights on.
BigDish (DISH) a rare admission to misleading RNS, still in weasely terms. Co "notes press comment [ShareProphets?] on its notification on 30 May 2019 where it stated that 'The Company is funded to execute its strategy.' The Company acknowledges that this statement may have been interpreted to suggest it had sufficient funds to fully execute (i.e. complete) its strategy. The additional funds received by the Company on 6 June 2019 provided the Company with funds to accelerate the implementation of its strategy. The board acknowledges that the notification should have been clearer and, with the benefit of hindsight, would have been better to have omitted the phrase altogether."
Gama Aviation (GMAA) update on emaining Hangar 8 legacy claims. One case if dropped, another $1m won against Igho Sanomi and a third ongoing.
Costain Group (COST) sells Spanish sub Alcaidesa for €15.2m. Co also seeking a potential purchaser of its 624-berth Marina Concession. Expected write-down of £8.9m.

In line: ECEL, NBI

Notes (do not rely on the data)
LWRF: Price=3.62. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
LightwaveRF designs and develops devices and software to remotely operate and control household applications including lighting, heating, security and power through smartphones and other web-based applications.
SPE: Price=690. Cap=70m. 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.
RDT: Price=5.81. Cap=11m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Rosslyn Data Technologies along with its subsidiaries is engaged in providing analytical services to its clients by combining technologies including data extraction, cleansing, enrichment, and visualisation through RAPid platform.
PXS: Price=0.45. Cap=9m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Provexis is engaged in developing and licensing the proprietary Fruitflow, which is a heart-health functional food ingredient for the functional food sector.
DISH: Price=1.54. Cap=5m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
GMAA: Price=61. Cap=39m. 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.
COST: Price=192. Cap=208m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Costain Group offers solutions and services. It provides engineering and technology solutions and advisory and development, design, management, project delivery, technology integration and asset optimization and support 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. 12-Dec-19
Oakley ups NAV 8%.

PZ Cussons (PZC) weak H1, expects better H2 "subject to no further worsening of the economic and trading environments across our key geographies." Guides FY adj pretax and rev modestly down YoY. CEO of 13 years retires end Jan.
Billington Holdings (BILN) guides FY ahead of mkt expectations.
Starcom (STAR) wins $1.3m order over 3 years. "Good progress has been achieved across all fronts, cementing a strong foundation for sustainable future growth." In line?
Versarien (VRS) H1 rev down, loss up. Cash down to £2.64m. If they changed the business model to selling hot air they'd be going gangbusters.
Air Partner (AIR) small acquisition: £8m + £2m earn out for Redline Worldwide, a "leading global aviation security solutions and training company." It "Materially increases visible, long term recurring revenues". Rev is only £6.5m though, pretax -£0.7m.
Oakley Capital (OCI) sells WebPros, gets £110m, a 92% to book. 26p (8%) hike in NAV/sh.

In line: ALT, NWF, BLV

Notes (do not rely on the data)
PZC: Price=193.8. Cap=831m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
PZ Cussons is engaged in the manufacturing and sale of soaps, detergents, toiletries, beauty products, pharmaceuticals, electrical goods, edible oils, fats and spreads and nutritional products. It operates across Europe, Asia-Pacific and Africa.
BILN: Price=327.25. Cap=42m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Billington Holdings through its subsidiaries operates as a designer, manufacturer and installer of structural steelwork. It is also a supplier of safety solutions and barrier systems to the construction industry.
STAR: Price=1.15. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Starcom is engaged in the development of wireless solutions for the remote tracking, monitoring and protection of different types of assets and people.
VRS: Price=83. Cap=128m. 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.
AIR: Price=91.72. Cap=48m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Air Partner is an aviation charter specialist and an expert in safety consulting and training. The Company offer its services to corporate customers, governments, airlines, defense organizations and aviation authorities.
OCI: Price=239.65. Cap=486m. 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. 13-Dec-19
Nakama cash crunch

Amiad Water Systems (AFS) guides FY rev slightly below market expectations and net profit $3m-$5m below market expectations. Blames expected projects not proceeding, FX, margin mix.
Nakama Group (NAK) H1 broadly in line with management's expectation. Outlook: "The political unrest in Hong Kong remains a concern but, as yet, we have not seen this have a material impact on trading...[but] Challenges ahead due to the Group's tight cash position, caused primarily by debtor collection issues in Hong Kong." Needs funds, shareholders unwilling so considering a number of restructuring options.



Notes (do not rely on the data)
AFS: Price=280. Cap=61m. 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.
NAK: Price=1.18. 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.

* 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-Dec-19


Be Heard (BHRD) guides FY in line. "digital and insight businesses continue to perform well, offsetting the disappointing decline that the Group has experienced in its more traditional and creative businesses, which is in line with recent announcements from several of the Group's competitors."
Yu Group PLC (YU.) will buy hedged-price energy from SmartestEnergy. This will release up to £13m or working cap and allow it to expand faster. Claims the prices will be market competitive and transparent prices, but sounds like a free lunch to me.
Gresham House Energy (GRID) buys two operational battery storage facilities totalling 50MW for £29.2m. This is a quarter of National Grid's 2016 Enhanced Frequency Response (EFR) capacity.
ValiRx (VAL) Phase I/II trial update on VAL201, ValiRx's lead Phase I/II therapeutic compound, for the treatment of prostate cancer and other indications of hormone-induced unregulated growth, including endometriosis. "The results appear, in advance of full analysis, to indicate that the VAL201 compound has a clear impact on patients with prostate cancer."
Live Company Group (LVCG) extends maturity date of a loan facility, £0.7m outstanding. £2m placing at 30p, a7% premium. "Under an equity sharing agreement also entered into by the Company with the Investors (the "ESA"), an amount equal to the gross proceeds of the Subscription following its completion, will then be returned by the Company to the Investors (the "ESA Payment"), with the Company to receive back the ESA Payment, subject to certain pricing adjustments (as detailed below), on a pro rata monthly basis over the next 12 months pursuant to the ESA." What?

In line: K3C

Notes (do not rely on the data)
BHRD: Price=0.45. Cap=6m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Be Heard Group is a digital marketing group operating at the intersection of marketing, technology, and e-commerce.
YU.: Price=78.16. Cap=13m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Yu Group is an independent supplier of gas and electricity. The Company is servicing SME businesses throughout the UK.
GRID: Price=107.89. Cap=220m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
VAL: Price=0.13. 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.
LVCG: Price=28. Cap=20m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Live Co Group is engaged in live music and entertainment events. It operates through two segments Events, and Issuing licences.

* 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-Dec-19
Symphony sympathy or fantasy?

ClearStar (CLSU) guides FY rev in line but adj EBITDA only $0.3m due to higher low margin sales mix.
Symphony Environmental Technologies (SYM) guides FY rev only at least £8.2m cf F/C £9m. Op loss £0.5m. In H1 co was confident of an improving performance over the coming months." Blames delays in regulatory changes to promote bio-degradable plastic.

In line: HNT, TSTL, EVG, SPR

Notes (do not rely on the data)
CLSU: Price=0. Cap=23m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
ClearStar 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.
SYM: Price=6.85. Cap=12m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Symphony Environmental Technologies develops and markets environmental plastic products. The company also supplies other flexible polythene and related conventional products. Its products include d2w, d2Detector, d2p, and d2t.

* 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-Dec-19
Staffline s---- down shareholders' Xmas chimneys

Staffline (STAF) warns both reccuitment and PeoplePlus rev below expectations. Giodes FY adj op profit £10-12m. 2018 profit was overstated by £4m. CFO sacked. YE debt in line. "We remain optimistic about future potential of the group with the challenges of 2019 behind us." Hmm.
Bidstack Group (BIDS) guides FY rev below expectations. "The conversations we are having are extremely detailed and have therefore taken longer than we would ideally have anticipated" is the waffly excuse.
Walker Greenbank (WGB) CFO scarpers.He is thanked.
RA International (RAI) guides FY rev slightly ahead of expectations, profit broadly in line. Wins $9.1m contract extension tofall in 2020.
Midwich Group (MIDW) guides FY rev in line but adj pretax only £30-31m.
RM2 International (RM2) proposes delisting. Looks a done deal. Shares still suspended, accounts delayed as it seeks funding.
Touchstar (TST) guides FY rev only £7m, profit below expectations. Blames order delays due to political uncertainty and stock shortage to deliver orders placed late in Q4.
Trakm8 (TRAK) gets £1.4m loan. Not interest rate stated. Has received tax credit cash of £1.01m.

In line: MMH

Notes (do not rely on the data)
STAF: Price=106. Cap=73m. 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.
BIDS: Price=NA. Cap=NA. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
WGB: Price=85.25. 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.
RAI: Price=38.5. Cap=67m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MIDW: Price=612. Cap=489m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Midwich Group provides audio visual and document solutions to the trade market with operations in the UK and Ireland, France, Germany and Australasia. It offers project support, case studies, credit facilities, marketing, rental, and IT services.
RM2: Price=9. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
RM2 International SA along with its subsidiaries is engaged in manufacturing, selling and leasing of shipping pallets and providing related logistical services.
TST: Price=31.45. 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.
TRAK: Price=22.15. Cap=11m. 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.

* 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-Dec-19
Warnings crash like hailstones on shareholders.

XLMedia (XLM) guides FY rev flat, adj EBITDA materially lower than management expectations. New CEO decides co will require increasing expenditure in 2020 in order to support sustainable growth in the medium term.
Plant Health Care (PHC) guides FY rev only $6.5m. F/C $9.1m. Blames import licence delay in Brazil and US distributor delaying $1m order due to 'working capital pressures'.
Trackwise Designs (TWD) guides FY rev only £2.9m and adjusted pretax ~£0.2m. RF orders had a slight recovery in December, but too late to make an impact on FY. Blames challenging market, Brexit, China/USA trade war.
Venture Life Group (VLG) guides FY rev at least £20m, adj EBITDA at least £3.2m. "As mentioned in our half year results, our distribution partners in China experienced some difficulties, which impacted sales in the first half of 2019. Whilst the causes of this have been rectified, it has not been possible to catch up on orders fully from those partners in H2."
Transense Technologies (TRT) AGM stmt. H1 rev flat, "overheads have increased significantly reflecting an increase in sales and support activity on iTrack". Hopes will boost H2 rev.
GCP Student Living (DIGS) placing up to £75m at 186p, a 6% discount.
PCI-PAL (PCIP) wins 'significant' $566k PA contract in US.
Remote Monitored Systems (RMS) gets shot of lossmaking Geocurve for £160k but majority of the cash will be required to cover the costs of winding down Geocurve. Leaves 2 small businesses, GyroMetric and Cloudveil.
Westminster Group (WSG) guides significant increase in FY rev "maintaining our double digit year on year growth we have achieved in recent years, leading to a much improved EBITDA." In line?
Paypoint (PAY) CEO resigns due to medical condition.
Corero Network Security (CNS) wins orders totalling $1.8m.



Notes (do not rely on the data)
XLM: Price=50. Cap=94m. 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.
PHC: Price=8.41. Cap=17m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Plant Health Care is engaged in providing agricultural biological products and technology solutions to improve the crop performance. The two areas of focus for the business are New Technology and Commercial.
TWD: Price=80. Cap=12m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
VLG: Price=28.45. Cap=24m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Venture Life Group is an international consumer self-care company. The Company focuses on developing, manufacturing and commercializing products for the aging population. Venture generates most of its revenue from Europe.
TRT: Price=80. Cap=13m. 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.
DIGS: Price=198.4. Cap=821m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
PCIP: Price=28.2. Cap=12m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
PCI-PAL provides secure payment services for business. It offers products and services that enable organisations to securely take customer payments, and safely store customer data from the threat of data loss and cybercrime.
RMS: Price=0.34. Cap=2m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
WSG: Price=12.76. Cap=19m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Westminster Group together with its subsidiaries, designs, supplies and provides ongoing support for technology security, safety, fire and defence solutions to government and non-governmental agencies and blue chip commercial organisations.
PAY: Price=1008. Cap=689m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
PayPoint is a service provider for consumer transactions through distribution channels, involving the processing of transactions, the management of retailers and clients, the settlement of funds by the application of technology.
CNS: Price=4.19. Cap=21m. 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.

* 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-Dec-19
Warpaint battles headwinds.

Beeks Financial Cloud (BKS) Wins additional Tier 1 customer and enters Open Banking and Payments sector - contacts worth $1m and £1,1m.
Falanx Group Limited (FLX) gets shot of lossmaking Furnace business for £1.1m, to be funded by an unsecured 5 year loan note (at 5%) plus 20% of the shares in newco. Pretty easy terms.
Warpaint (W7L) guides FY rev in line but adj pretax £5.1-5.5m. Previously expected £6-7m. Blames FX, margin mix. Joint CEOs changes to CEO + MD.
Iofina (IOF) FY trading sounds in line. "Directors are diligently exploring various options regarding debt restructuring and are confident of a solution in H1 2020." Diligently? Don't they do everything diligently?
Nanoco Group (NANO) sale talks continue, continues to review possible sources of additional funding.
United Carpets Group (UCG) H1 in line but recent LFL -3.5%. Blames weather, political uncertainty.
Immotion (IMMO) guides FY rev £3.6-£3.8m, towards lower end of expectations but underlying EBITDA loss in line.
Benchmark (BMK) FY presumably in line with FY trading stmt. Outlook: guides FY adj EBITDA flat. "Weakness in the shrimp and sea bass/sea bream markets continues and while some recovery is expected, it is unlikely to recover to 2018 levels in 2020."

In line: HPAC

Notes (do not rely on the data)
BKS: Price=90. Cap=46m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Beeks Financial Cloud Group provides cloud based trading platform. The company offers low latency connectivity within the data centres to various venues and a Point to Point Wide Area Network joining its sites around the world.
FLX: Price=1.4. Cap=6m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Falanx Group Ltd, through its subsidiaries, is engaged in providing international supply and installation of blast protection devices as well as providing security consultancy. It also provides international business intelligence consultancy.
W7L: Price=82.9. Cap=64m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Warpaint London sells colour cosmetics in the UK and overseas, under the W7 brand. The company has two operating segments; W7 Branded and close-out.
IOF: Price=26.4. Cap=51m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Iofina is engaged in the exploration and production of iodine, iodine specialty chemical derivatives, water and natural gas. The presence of iodine, water, and natural gas has been discovered on its properties.
NANO: Price=12.5. Cap=36m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Nanoco Group is engaged in research, development and manufacturing of heavy-metal-free quantum dots and semiconductor nanoparticles in United Kingdom with the use of cadmium-free quantum dot (CFQD) technology.
UCG: Price=5.4. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
United Carpets Group is a carpet and bed retailer in the UK. The company sells floor covering such as carpet, laminate and vinyl floorings. It also provides franchising and property leasing services to its customers.
IMMO: Price=6.5. Cap=19m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
BMK: Price=46.01. Cap=257m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Benchmark Holdings is a drug manufacturer in the United Kingdom. The company caters particularly aquaculture industry with its products such as animal health vaccines, medicines, biocides and diagnostics.

* 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-Dec-19
NAH Xmas jeers

NAHL Group (NAH) guides FY underlying earnings 5-10% below mgmt expectations.
Harwood Wealth Management (HW.) rec offer of 145p, an 8% discont. Cites "challenging market environment for organic growth, upward pressure on costs, the need for further funding to support ongoing acquisitions, as well as investment in the cost base, and the desire of certain major Harwood Shareholders, including senior management and their connected persons, representing approximately 68.7 per cent. of the share capital of Harwood, to sell some or all of their Harwood Shares."
Crimson Tide (TIDE) FY trading in line. Wins £2m order over 5 years.
OnTheMarket (OTMP) £3.4m placing at 70p, an 8% discount. Buys 20% of Glanty, the owner and developer of 'teclet', an automated portal for the lettings industry. Re-iterates medium term guidance of broadly breakeven adjusted EBITDA in FY21.
Gresham Technologies (GHT) expectations for FY2020 have increased. Wins $1m contract over three years.



Notes (do not rely on the data)
NAH: Price=117.2. Cap=55m. 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.
HW.: Price=164.25. Cap=103m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Harwood Wealth Management Group is a financial planning and discretionary wealth management company. It provides investment advice, management and administration to its clients in the retail market.
TIDE: Price=2.2. Cap=10m. 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.
OTMP: Price=77. Cap=49m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
GHT: Price=105.5. Cap=72m. 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. 30-Dec-19


Bigdish (DISH) H1 loss £1.1m (£0.4m). Cash £1.3m, sufficient to Q3 2020. New CEO says "It is my expectation that 2020 will be a turnaround story for BigDish and our shareholders."



Notes (do not rely on the data)
DISH: Price=1.5. Cap=5m. 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. 31-Dec-19
Little cheer in end of year RNSs.

Redx Pharma (REDX) possible offer from Samuel D. Waksal, founder of Kadmon Pharmaceuticals and ex-con (RNS doesn't say that). Also co seeks capitalisation of £2.5m loan at 5.25p, a 21% discount.
Bango (BGO) guides FY rev £9.3m, below market expectation primarily due to a Customer Data Platform license and Marketplace supply deal not concluding in December as expected. Operating costs in line, adj EBITDA over £0.4m.
Inspiration Healthcare (IHC) holding in NPXe may be worthless as NPXe enters Chapter 11 and seeks fire sale. £111k book value.



Notes (do not rely on the data)
REDX: Price=6.9. Cap=9m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Redx Pharma is principally engaged in drug discovery, pre-clinical development and licensing. It has an established portfolio of proprietary drug programs that it is developing alone and in partnership with pharmaceutical companies.
BGO: Price=138.4. Cap=98m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Bango is an investment holding company. The Company is enagged in development, marketing and sale of technology to enable mobile phone users to make payments for content and media on connected devices. Its product line include Bango Payment Platform.
IHC: Price=67.5. Cap=26m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Inspiration Healthcare Group supplies outcome improving medical devices in the areas of neonatal intensive care and patient warming. The company operates in three segments: Critical Care, Operating Theatre, and Home Healthcare.

* 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