MrC's Smallcap Sweeps for Mar 2020

[MrContrarian]

Smallcap Sweep. 27-Mar-20


John Menzies (MNZS) the aviation services business says volumes have crashed. Seeking gov't funding. Not eligible for COVID Corporate Financing Facility.
MS International (MSI) partial or complete temporary shut-down of manufacturing facilities. Has net cash £15.5m so 'very well positioned'.
Andrews Sykes (ASY) H2 to end Dec was strong. "Compared to many sectors of the economy, such as hospitality and retail, the impact on the Company to date has not been severe, but we are mindful that this situation could change very quickly." Net cash £28m.
Finsbury Food (FIF) retail sales resilient but foodservice business significantly impacted. Cancels div. Confident can withstand the current situation.
Sutton Harbour (SUH) FY to end Mar - no material impact but now tough. Seeking additional funds from bank.
Dev Clever (DEV) staff remote working and operations are continuing largely as normal. Current trading remains strong, increased demand from schools for remote-based learning. Co adapted its third remote learning platform, Launchpad for Employers, towards educational establishments.
Keystone Law (KEYS) trading in line until covid. £4.4m net cash. A high proportion of its cost base which is fully variable and layer fees are on a paid when paid basis. Passes div.
Total Produce (TOT) continuing to trade satisfactorily and supply chains are functioning adequately. Co is comfortably within its covenants. However FY earnings likely down YoY.
Woodbois (WBI) covid likely to result in supply chain disruption within the timber industry. Factory may be halted for an indeterminate period.
Foresight Solar Fund (FSFL) no operational disruption. "May be a further short-term reduction in power prices due to an anticipated drop in demand, however power prices are forecast to improve over the medium term."
Scapa Group (SCPA) guides FY to end Mar in line. Co expects economic activity and consequently trading to be impacted. All sites are operating, with the exception of India. Passes div. Leverage is 1.6 cf covenant 3.
Surface Transforms (SCE) business remains fully operational and is manufacturing brake discs with sufficient raw material and component inventory to continue to do so for some months. Covid could impact revenues though.
MITIE (MTO) expect little change in demand from public sector - 30% of rev. Finance, Professional, and Banking sector expected to continue at close to normal - 12% of rev. Same for Data Centres, Telecoms and Drug Manufacturing - 6%. Demand for Cleaning and Security Services from food and On-line Retailers are increasing - 11%. Other sectors reducing demand. Now seeing material downturn in projects and non-essential maintenance spend. Cutting costs.
Totally (TLY) confident that performance will remain strong. Co "has requested additional funding from the NHS and Commissioners for the additional, enhanced services delivered."
Watkin Jones (WJG) will close its active development sites temporarily, with the exception of a small number of sites which will remain open whilst essential services works are completed. "We are working very closely with our university partners, international agents and other key stakeholders, particularly in respect of the impact on this summer term and potentially further ahead."
Nexus Infrastructure (NEXS) cutting costs. Has a "very strong balance sheet and net cash position...believes that the Group has sufficient funding capacity to meet its commitments for the foreseeable future."
Mattioli Woods (MTW) continues to be fully operational. Q1-3 in line but expects disruption to trading in the coming months. Guides FY to end May in line. May pass final div.



Notes (do not rely on the data)
MNZS: Price=84. Cap=70m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Menzies (John) provides distribution and aviation support services. The company through its operating segments provide distribution of newspaper and magazine, marketing and logistics, handling of cargo and passenger services globally.
MSI: Price=110. Cap=18m. 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.
ASY: Price=480. Cap=202m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Andrews Sykes Group engages in rental of pumping equipment and specialist climate control products which include air conditioning and chillers, heating and boilers, dehumidifiers and ventilation.
FIF: Price=63.5. Cap=83m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Finsbury Food Group is a specialty bakery manufacturer. The company also produces and supplies fresh and frozen bakery products to grocery retailers and foodservice customers.
SUH: Price=15.25. Cap=19m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Sutton Harbour Holdings owns and operates harbour and its ancillary facilities. The Company operates its business through four segments: Marine, Real Estate, Car Parking and Regeneration.
DEV: Price=2.75. Cap=12m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
KEYS: Price=389. Cap=122m. 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.
TOT: Price=80. Cap=337m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Total Produce is acting as a fresh produce provider in Ireland. It is involved in the rowing, sourcing, importing, packaging, marketing, and distribution of an extensive selection of fresh fruits, vegetables, and flowers.
WBI: Price=3.01. Cap=15m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
FSFL: Price=107. Cap=648m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
SCPA: Price=104. Cap=161m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Scapa Group is a supplier of bonding solutions and manufacturer of adhesive-based products for the healthcare and industrial markets. The company is organized into two main segments: Healthcare and Industrial.
SCE: Price=15.25. Cap=21m. 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.
MTO: Price=64.95. Cap=238m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MITIE Group is a UK-based company that primarily provides outsourcing services. It generates almost all its sales from the UK domestic market.
TLY: Price=10.5. Cap=19m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Totally is engaged in the provision of solutions to the healthcare sector. The companies segment includes Totally Health, Premier Physical, About Health, Optimum Sports Performance Centre and Head Office.
WJG: Price=161.6. Cap=413m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Watkin Jones is a developer and constructor of multi occupancy property assets, with a focus on the student accommodation sector. It service includes site identification and procurement, planning consent, construction delivery and asset management.
NEXS: Price=148. Cap=56m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Nexus Infrastructure provides infrastructure services to housebuilding and commercial sectors. It operates through two businesses that provide infrastructure services and designing, installation and connecting utility networks to properties.
MTW: Price=575. Cap=155m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Mattioli Woods is a provider of wealth management, asset management and employee benefit services. It provides services of setting up and administering pension schemes, banking arrangements, property management and employee benefit services.

* 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-Mar-20
Part 1/2

Numis (NUM) guides H1 rev up 10%. It's too early to predict timing of a recovery in Investment Banking pipeline. Has 35m undrawn credit.
Macfarlane (MACF) expects a marked slowdown in activity. Hygiene, household etc strong but sectors such as automotive, aerospace and segments within retail have been materially impacted. Net debt £9.6m, bank facility is £30m. Passes div.
Fusion Antibodies (FAB) very limited covid impact. Co has been engaged by clients and received further expressions of interest regarding its services for a number of projects re covid.
Velocity Composites (VEL) Trading until the end of February was in line. Short-term demand has now begun to be significantly impacted bu covid. Has £2.7m cash and £2.6m undrawn factoring facilty.
Ten Lifestyle Group (TENG) record numbers of members using the service and a record number of individual requests being placed with the service in March. "However, travel bookings have been significantly impacted with high levels of cancellations and refunds. This will impact revenue from commission payments." Cutting costs.
Somero (SOM) dramatic increase in pressure on non-China markets. CO has strong financial position. Defers div.
Valirx (VAL) cash crisis co is in discussions with a number of funders who may invest if resolutions are passed at a GM. GM was deferred due to covid.
John Lewis Of Hungerford (JLH) showrooms closed, production stopped. Reduced visibility on the financial implications. Negotiating a loan secured on property and applyng for a loan under the Coronavirus Business Interruption Loan Scheme.
Iconic Labs (ICON) unsuspended following compliance breach re share issuing.
Novacyt (NCYT) has sold and received total orders for over £17.8m of its research use only COVID-19 tests.



Notes (do not rely on the data)
NUM: Price=206.5. Cap=219m. 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.
MACF: Price=78.2. Cap=123m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Macfarlane Group is engaged in the designing, manufacturing and distribution of protective packaging products and labels to business users. The company operates in two segments including Packaging Distribution; and Manufacturing Operations
FAB: Price=88. Cap=19m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Fusion Antibodies is engaged in the research, development and manufacturing of recombinant proteins and antibodies, particularly in the areas of cancer and infectious diseases.
VEL: Price=16.9. Cap=6m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Velocity Composites is a manufacturer of advanced carbon fibre and ancillary material kits for use in the production of aircraft. It offers structural material kits, engineering vacuum bag material kits, and process optimisation products.
TENG: Price=50. Cap=40m. 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.
SOM: Price=182. Cap=103m. 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.
VAL: Price=0.05. Cap=1m. 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.
JLH: Price=0.46. Cap=1m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
John Lewis of Hungerford is engaged in designing, manufacturing, retailing and installing kitchens, bedrooms, freestanding furniture and architectural components to its customers in the UK.
ICON: Price=0.03. Cap=m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
NCYT: Price=170.5. Cap=129m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Novacyt SA develops and markets solutions in medical cytology. It offers portfolio of cancer and infectious disease diagnostics products and services. It has three reportable segment, Cytology, Diagnostics and Molecular Testing.

* 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-Mar-20
Part 2/2

Belvoir Group (BLV) FY rev up 43%. Current trading in line but Covid-19 expected to have a significant impact. Passing div.
Billing Services (BILL) proposes delisting since it has sold its trading subsidiary.
United Carpets (UCG) stores closed, working through the Government's range of COVID-19 related, financial assistance packages.
Tanfield Group (TAN) gets loan of up to £700k to continue its 2 court cases. Several existing shareholders have subscribed to the Loan. Snorkel and SKL are trying to take Tanfield's 49% of Snorkel.
Redx Pharma (REDX) £5m short term loan from largest shareholder at 10% for 3 months then 20%.
DP Poland (DPP) still delivering and is well placed to trade 'relatively well' during the lock down. "In this new world I believe that DPP occupies an important position in the Polish Food & Beverage industry." Just pizzas mate.
Crimson Tide (TIDE) recently made a COVID-19 mpro5 flow available for free to all NHS workers. App has procedures for cleaning hospital areas. Net cash £0.4m and undrawn overdraft of £0.25m. Negligible disruption to normal business patterns.
Immupharma (IMM) £1.5m placing at 10p, a 7% discount, to fund expansion of R&D pipeline. The pipeline will now comprise four therapy areas, which are Autoimmunity; Anti-Infectives; Metabolism and Cancer.
Audioboom (BOOM) FY rev up 91%. Pretax -$7.5m (-$8.4m). First time it's ever beaten f/c. Q1 bookings ahead of management expectations. Sale process: in bid talks with a no of parties.
Sureserve (SUR) a number of companies within the group classed as Key Service providers. Confirms final div.
Bidstack (BIDS) co's virtual out of home environment experiencing high levels of demand from advertising agencies. Co is "working with multiple agency groups, both inside and outside our existing trading frameworks, to help them fill the gap generated by the absence of live sporting events." Co's business is largely able to proceed as normal.
Maintel (MAI) guides FY to Dec in line. Starting to see customers putting some projects on hold and delaying placing orders. 70% rev in last FY was recurring
Residential Secure Income (RESI) believes that increased unemployment is unlikely to have a material impact on performance. Main covid impact will be a delay in expanding income generating portfolio and an increase in void levels within the retirement portfolio. Will continue divs but the time before the dividend is fully covered by net rental income is likely to be extended.
Inland Homes (INL) to close and suspend construction works on most of its sites. Guides £12m cash at end H1. Has credit headroom of £6.3m plus an accordion facility of £10m. Cancels div.
Morses Club (MCL) Customer response to paying remotely has been very strong. Co in "robust overall financial position, and positive negotiations continue with existing funding providers. Cash flows are being supported by the temporary cessation of home collected credit loans, significant tightening of online lending decisions, cutting discretionary expenditure and the increased focus on collections." Passes div.
Kier Group (KIE) in last FY 73% of core Construction and Infrastructure Services activities related to work for Government departments or quasi-governmental entities. Another 13% related to the provision of services to regulated entities.80% of our sites or workplaces continue to operate. Disposal of Kier Living and the evaluation of the options for our Property business have both been paused.
ASA International Group (ASAI) covid expected to materially impact the income generating capacity of clients and reduce the ability of staff to conduct regular client meetings and collect loan instalments. $75m of unrestricted cash and over $15m of undrawn credit facilities.



Notes (do not rely on the data)
BLV: Price=91.55. Cap=32m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Belvoir Lettings is engaged in the selling, supporting and training residential lettings franchises. It also operates letting agencies which is engaged in the collection of rent, and management of residential properties, let on behalf of landlords.
BILL: Price=2.36. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Billing Services Group provides clearing and financial settlement products, Wi-Fi roaming solutions to mobile carriers and network operators and third-party verification services to the telecommunications, cable & utilities industries.
UCG: Price=3. Cap=2m. 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.
TAN: Price=2.1. Cap=3m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Tanfield Group is an investment company. Its objective when managing capital is to protect returns to shareholders.
REDX: Price=13.82. Cap=26m. 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.
DPP: Price=5.4. Cap=14m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
DP Poland through its subsidiary is engaged in the development and operation of Domino pizza master franchise in Poland.
TIDE: Price=1.7. Cap=8m. 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.
IMM: Price=11.06. Cap=19m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
ImmuPharma is a drug discovery and development company. The Company along with its subsidiaries is engaged in the research and development of novel drugs based on peptide therapeutics to treat serious medical conditions including autoimmune diseases.
BOOM: Price=162.5. Cap=23m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Audioboom Group PLC, through its subsidiaries, spoken-word audio platform for hosting, distributing and monetising content. Its hosting and distribution platform allows partners to embed, share via social channels and re-syndicate their content.
SUR: Price=36.92. Cap=59m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
BIDS: Price=5.66. Cap=14m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MAI: Price=152.4. Cap=22m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Maintel Holdings delivers voice and data platforms and services. The Company invests in new products and services areas to support its customer's objectives, communicating and collaborating, instinctively, effortlessly and progressively.
RESI: Price=84. Cap=144m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
INL: Price=40.74. Cap=84m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Inland Homes is engaged in the business of acquiring and developing residential and mixed use sites. It is focused on developing sites in the south and south east of England for residential and mixed use projects.
MCL: Price=35.55. Cap=47m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Morses Club is a consumer finance company. The Company provides a range of loan products through a combination of traditional and online marketing channels.
KIE: Price=76.05. Cap=123m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Kier Group is a property, residential, construction and services company. It invests in, builds, maintains and renews the places of work, live and play.
ASAI: Price=99.8. Cap=100m. 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-Mar-20
Part 1/2

Castings (CGS) covid affecting the truck sector significantly. Many OEMs reported factory closures as a result of labour shortages and supply chain disruption. Co has reduced production levels to reflect the significantly lower levels of demand. Also bulk annuity insurance buy-in of the company's two final salary pension schemes which substantially reduces the pension risk. Expects a surplus remaining once the data and benefit verification process has been completed.
AA (AA.) Covid-19 has not impacted materially but there continue to be risks, including disruptions to operations. Cancels div. Cash and equivalents of £149m and Working Capital Facility of £50m. Remained well within covenants at year end.
Appreciate Group (APP) trading before covid was in line. Over 80% of the employees able to work from home. Over the week since co ceased the delivery of physical product there was a substantial drop in new billings. £30m 'available' cash and no debt.
Dewhurst (DWHT) guides H1 rev-cont flat at £28m. Sales and manufacturing operation getting more difficult. Will close operations at Dewhurst UK. In the UK, A&A and TMP currently remain open. Net cash £17m end Sept. Hopes to maintain dividend policy.
De La Rue (DLAR) guides FY (March 27) operating profit in line. Net debt £105m & good level of liquidity headroom under £275m revolving credit facility.
Quixant (QXT) guides FY19 rev down 20%, adj pretax $10.7m ($18.2m). Q1 robust despite supply chain challenges but shutdown of the gaming sector and many other industries for an indefinite period will hit FY. Net cash of $17.7m end Feb. Passes div.
Costain Group (COST) Over 95% of rev are government agencies or regulated businesses but covid having a varied impact on operations. In London on-site construction activities including Crossrail, HS2 and Thames Tideway contracts have been paused. £40m cash, £90m share of cash in project bank accounts. £71m undrawn credit. Continuing to progress the underwritted £100m Capital Raising
Northern Bear (NTBR) severe weather in Feb had a significant impact. March began well, but now the majority of the Group has been impacted. Existing £3.5m revolving credit facility renewed on slightly better terms. Co has significant headroom in these facilities. Has a very strong order book so well placed post crisis.
Hardide (HDD) H2 rev up 25%. Facilities still working as normal. Robust cash position following recent fundraise.
Parity Group (PTY) FY19 was in line. Moved into net cash at YE and has £10m credit facility. 70% of rev public sector.
Falanx (FLX) £1m of significant new orders in Cyber div to mid Feb. Guides FY rev up 13%. Cutting costs so expects to be able to operate effectively within its existing resources.
Toople (TOOP) Sales, billing and customer support functions have remained largely unaffected by covid.
Catenae Innovation (CTEA) staff work remotely. Co's technology product continues to be used effectively with customers and partners.
Distil (DIS) guides FY in line but no other guidance.
Cyanconnode (CYAN) FY (Dec) rev down 49% due to delay in the rollout of a large Indian contract. Q1 encouraging. Expects to meet obligations as they fall due.



Notes (do not rely on the data)
CGS: Price=319.24. Cap=139m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Castings is an iron casting and machining group based in the UK, supplying both the domestic and export markets.
AA.: Price=16.5. Cap=102m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
AA is a roadside assistance provider in the UK. It provides products and services that split into four distinct areas including: roadside assistance, insurance services, driving services and Insurance underwriting.
APP: Price=35. Cap=65m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
DWHT: Price=940. Cap=61m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Dewhurst develops electrical components, especially for the lift market. Most of its revenue is derived from the American region. It also has a footprint across Europe, Asia, and Australia.
DLAR: Price=53.7. Cap=56m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
De La Rue is a commercial producer of currency. It designs and manufacture banknotes, banknote substrates, security features and the associated technology platforms.
QXT: Price=74.06. Cap=49m. 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.
COST: Price=35.8. Cap=39m. 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
NTBR: Price=49.9. Cap=9m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Northern Bear engages in providing specialist building services in Northern England. The company operates its business in three segments; Roofing, Materials Handling and Building services.
HDD: Price=16. Cap=8m. 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.
PTY: Price=4.9. Cap=5m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Parity Group is a services company providing professional recruitment, IT solutions and people development services from its offices in London, Manchester, Edinburgh and Belfast.
FLX: Price=0.59. Cap=2m. 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.
TOOP: Price=0.04. Cap=1m. 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.
CTEA: Price=0.33. Cap=m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
DIS: Price=0.81. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Distil is engaged in the marketing and selling of Blavod Black Vodka, Blackwoods Gin, and Vodka, Diva Vodka, Jago's Vanilla Cream Liqueur and RedLeg Spiced Rum domestically and internationally.
CYAN: Price=1.8. Cap=3m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
CyanConnode Holdings is engaged in providing wireless communication technology for smart metering, lighting and the Internet of Things. It designs & develops solutions including Narrowband RF mesh, Ultimesh, Panmesh and Omnimesh.

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

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

@MrContrarian

[MrContrarian]

Smallcap Sweep. 31-Mar-20
Part 2/2

Angle (AGL) closes labs. Covid severely disrupting clinical trials and research studies. FDA submission of Parsortix metastatic breast cancer system held up because cannot get blood samples. Ovarian cancer clinical verification study (EMBER2) also held up. Co has sufficient cash for planned operations until mid-2021, may be able to extend.
Intercede Group (IGP) wins $4.6m US Gov't order, was included within the directors' FY expectations.
Midatech Pharma (MTPH) starts strategic review since it's a poor time for a fundraise. Ends inhouse development of MTD201 as it needs $30m for Phase III trial and to scale-up at its Bilbao facility. Also may not get €2.6m EU grant "Because of a technicality, the EU has not yet confirmed Midatech's status as an SME." GlioKIDS Phase II trial of MTX110 may be cancelled if the EU grant is not received. CO expects to have a cash runway until early 2021 assuming the GlioKIDS grant is received and the MTX110 trial proceeds. CEO scarpers. He is thanked.
Xpediator (XPD) staff continuing to operate effectively. Trading so far broadly in line with management expectations. Believes demand for freight management and warehouse services will remain sufficiently robust overall. FY19 rev was up 9%. Net cash of £6.9m and has sufficient headroom to manage anticipated working capital requirements. Will pay div.
Property Franchise Group (TPFG) FY19 rev up 2%, pretax £4m (£4.3m). Franchise rev £3.8m in Feb. Suspending min payments from franchisees. Passing div. Co well positioned to weather the covid: nil debt, strong balance sheet, and sufficient cash headroom.
Kape Technologies (KAPE) Demand for co's digital privacy products is robust, guides FY rev $120-123m, adj EBITDA $35-38m. Increase in remote and home working has boosted demand.
Tremor International (TRMR) FY as gioded in Jan. Covid: "certain verticals will be more effected than others, such as travel, hospitality and retail restaurants, whilst other verticals such as entertainment, CPG, utility services, pharmaceuticals, ecommerce and online services may be less effected." Net cash of $76.9m, stars $10m buy-back.
Capital & Regional (CAL) all co's community shopping centres currently remain open. Has received or expect to imminently receive ~50%, of Q rent cf usual 80%. "While there will clearly be a significant level of disruption, the Group's focus on non-discretionary goods and services will help mitigate this."



Notes (do not rely on the data)
AGL: Price=49.98. Cap=86m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
ANGLE is a commercially driven specialist medical diagnostic company with pioneering products in cancer diagnostics and foetal health. The Company's product includes Parsortix cell separation system.
IGP: Price=46.2. Cap=23m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Intercede Group and its subsidiaries is an independent developer and supplier of identity and credential management software. The Company's products include MyID Identity and Credential Management System.
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.
XPD: Price=23.8. 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.
TPFG: Price=150.2. Cap=39m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
The Property Franchise Group is the holding company for approximately four master franchises operating five established lettings and estate agency brands and a, new generation, hybrid agent.
KAPE: Price=180.25. Cap=282m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
TRMR: Price=131.3. Cap=174m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
CAL: Price=92.26. Cap=96m. 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.

* 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