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MrC's Smallcap Sweeps for Aug 2020

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MrContrarian
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MrC's Smallcap Sweeps for Aug 2020

#330463

Postby MrContrarian » August 3rd, 2020, 7:43 am

Smallcap Sweep. 03-Aug-20
FCA sniffs around NSF

K3 Capital (K3C) makes £27m (+£15m earn out) acquisition which is expected to be immediately earnings enhancing. [SP=142.16 Cap=91m]
Yourgene Health (YGEN) get CE mark for Clarigene, a covid in vitro diagnostic kit, for diagnostic use. Claims >99.9% accuracy with no false positive or false negative results. The test kit has an internal control that detects poor-quality samples to give an invalid result. [SP=17.38 Cap=108m]
Zoetic (ZOE) DTU and its Kansas nitrogen assets delayed due to matters beyond the Company's and seller's control. [SP=8.6 Cap=17m]
Journeo (JNEO) 3-year renewal of a framework contract with Abellio bus London. Worth c.£2m over 3 years with an additional £1.2m possible. [SP=50 Cap=5m]
Byotrol (BYOT) guides FY(Mar21) EBITDA and rev significantly ahead of market expectations. Q1 product sales over £3.4m. [SP=5.9 Cap=26m]
Non-Standard Finance (NSF) FCA "has raised a number of concerns regarding certain aspects of the operating procedures and processes at Guarantor Loans Division...NSF is now conducting an in-depth review, working closely with the FCA, to clarify the scope and scale of its concerns and to develop a possible redress methodology." Plans for possible placing on hold. [SP=5.26 Cap=16m]
Winkworth (WINK) significant recovery in sales interest after stamp duty easing. Applicants registering on the day after the announcement up 64% on the previous week. Instructions and viewings since 8 July up 17% and 14, resp. [SP=132 Cap=18m]
Seeing Machines (SEE) guides FY(June) rev $39.7m, 8.5% better than consensus, income A$42.6m, up 30%, also ahead of consensus. Net cash significantly ahead. Does income include grants? [SP=3.1 Cap=104m]
Oxford Biomedica (OXB) new Development, Manufacture & License Agreement with Beam Therapeutics for the LentiVector® platform for its application in cancer. OXB gets undisclosed upfront payment and payments for development and manufacturing of lentiviral vectors for use in clinical trials. [SP=817 Cap=670m]
Direshite (DIA) H1(June) rev down 26% but loss cut to £3.1m (£3.3m loss). Is this worse than expected? "We have adopted an agile approach balancing risk mitigation and business continuity with a primary focus on cash and ensuring we have sufficient liquidity to weather this crisis. We have undertaken measures to reinforce our financial position and ongoing performance by implementing cost reductions across the Group." [SP=320 Cap=104m]

In line: CCS
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Re: MrC's Smallcap Sweeps for Aug 2020

#330756

Postby MrContrarian » August 4th, 2020, 7:40 am

Smallcap Sweep. 04-Aug-20


AA (AA.) possible offers from three bidders. Offerors say they would inject a significant amount of new equity to cut the huge debt pile. [SP=25 Cap=155m]
Active Energy Group (AEG) gets construction and air permit for US biomass pellet factory. [SP=0.85 Cap=11m]
Applied Graphene Materials (AGM) distribution agreement with leading European chemical distributor Arpadis Benelux. [SP=20.77 Cap=10m]
Brickability (BRCK) encouraged by June rev down only 17%. All sites open. [SP=45.29 Cap=104m]
Pelatro (PTRO) £2.1m placing at 47p, a 12% discount. for sales & marketing plus working capital for Managed Services, which the Directors believe will enable the Company to tender for larger contracts. [SP=53.26 Cap=17m]
Open Orphan (ORPH) contract with Carna Bioscience for a "First In Human Clinical pharmacology trial." Expected to deliver significant revenue over 12 months. [SP=12.7 Cap=85m]
Malvern International (MLVN) serial disappointer will close its Singapore operations which been loss making for some time. No hope of profit any time soon due to covid. FY19 loss was SG$1.34m = £0.74m. [SP=0.16 Cap=2m]
Physiomics (PYC) year has "has started well". Increased volume of introductory calls with potential new clients, "some of which the Board hopes will be converted into further projects." Hope of jam tomorrow. [SP=6.78 Cap=6m]
Futura Medical (FUM) ompletion of initial laboratory and optimisation on a Dermasys cannabidiol gel shows highly efficient penetration of CBD into and through the skin, superior to an established product. [SP=15 Cap=37m]
Reach4Entertainment (R4E) proposes to delist. "In a time where prospects for the future are uncertain and where cash management is paramount, the costs of maintaining a London listing outweigh the benefits." [SP=0.22 Cap=3m]
Filtronic (FTC) FY(May). Outlook slightly reduced order book, "there remains considerable uncertainty within our end markets. This uncertainty is compounded by the imminent conclusion of the Brexit transitional period." [SP=8.81 Cap=19m]
NWF (NWF) FY(May) EPS yp 29%, div up 4.5%. Recent trading in line. [SP=210 Cap=102m]

In line: BKS
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

@MrContrarian

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Re: MrC's Smallcap Sweeps for Aug 2020

#330985

Postby MrContrarian » August 5th, 2020, 7:33 am

Smallcap Sweep. 05-Aug-20


Yourgene (YGEN) £16.15m placing at 17p, a 3% discount. [SP=16.65 Cap=104m]
EKF Diagnostics (EKF) wins £3m order for PrimeStore MTM, a novel patented sample collection device, to be used in a COVID-19 testing programme for UK staff. Also bungs exec directors £237k each. [SP=49.5 Cap=225m]
Eden Research (EDEN) gets Greek authorisation to sell Cedroz pest control bionematicide. [SP=6.85 Cap=26m]
Loungers (LGRS) LFL sales -1.7% since 4 July reopening. All sites open but one. [SP=105 Cap=108m]
Iconic Labs (ICON) ultra-tinpot wins £150k contract for social media content. [SP=0.01 Cap=1m]
Falanx (FLX) guides FY(Mar) rev up 11%. Recent Q1 rev up 5%. Increase in sales has continued into Q2. [SP=1 Cap=4m]
ECSC (ECSC) guides H1(June) rev flat. Adjusted EBITDA into profit (not specified) from a small loss. [SP=57.55 Cap=6m]
MediaZest (MDZ) ultra-tinpot places £150k convertibles with strike of 0.01p. Yes, 10 milli pence, an 80% discount. CEO 'delighted'. [SP=0.04 Cap=1m]
LSL Property Services (LSL) H1(June) rev down 25%, adj EPS 9.4p (9p). No div. July trading is 'extremely encouraging'. [SP=204 Cap=212m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Re: MrC's Smallcap Sweeps for Aug 2020

#331300

Postby MrContrarian » August 6th, 2020, 8:23 am

Smallcap Sweep. 06-Aug-20


SIMEC Atlantis Energy (SAE) £6m placing & PrimaryBid offer at 12p, a 34% discount. Needed for working capital and for investment in new fuel processing facilities via a JV. [SP=13.25 Cap=56m]
Fulham Shore (FUL) trading: last 4 weeks LFL -28% - 'encouraging'. Sites can accommodate 60 to 70% of previous dine-in capacity, somwhat offset by an increase in delivery and takeaway sales. £2.25m placing at 6.25p, a nil discount. New debt facility. [SP=6.74 Cap=37m]
Avacta (AVCT) selects mfr for rapid covid antigen test. "Aims to begin clinical validation of the test as soon as possible by using the first pilot batches." Well of course. [SP=131 Cap=331m]
DP Poland (DPP) planned RTO of Polish pizza restaurant group Dominium. Anticipated that Dominium's largest shareholder will acquire direct or indirect majority control of DPP's shares. Shares suspended. [SP=7.25 Cap=18m]
Naked Wines (WINE) AGM stmt: July sales up 73%. Last 4 months now +76%. "Our central case assumes that we see the heightened levels of new customers and repeat purchase frequency reduce over summer, entering peak trading with an increased customer base and more normalised trading patterns for each customer." Guides FY rev up 40% and new customer acquisition cost of £35-40m, at lower year on year margins. [SP=432 Cap=317m]
Verditek (VDTK) wins substantially larger follow-on order for six containerised ultra-lightweight solar Power Matts - $2.2m. [SP=15.7 Cap=46m]
Dekel Agri-vision (DKL) AGM stmt - lots of words, no insight for me [SP=2.38 Cap=10m]
Epwin (EPWN) H1(June) rev down 34% but ahead of the Board's expectations. NO FY guidance. [SP=66.5 Cap=95m]
Mobile Streams (MOS) FY trading with divisional sales but no overview. [SP=0.23 Cap=3m]
Duke Royalty (DUKE) Q1 cash rev over £2m, down 20%. Op cash cost down 15%. Expects Q2 cash revenue up YoY and "cautiously optimistic that it will be able to announce a positive trend of increasing quarterly cash revenues over the coming quarters." [SP=23.4 Cap=59m]
STM Group (STM) H1(June) trading - new business revenues for QROPs and SIPPs for expatriate market as expected but conversion timelines on flexible annuity and bulk transfers of work-place pensions remain slower than previously anticipated. Regulation: all actions and remediation completed to the satisfaction of the Gibraltar regulator. [SP=26.4 Cap=16m]
Fulcrum Utility Services (FCRM) FY(Mar) broadly in line with more recent expectations with rev down 6%, pretax £1.3m (£6m). No div. [SP=28.8 Cap=64m]

In line: DLAR, D4T4
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Re: MrC's Smallcap Sweeps for Aug 2020

#331474

Postby MrContrarian » August 7th, 2020, 7:24 am

Smallcap Sweep. 07-Aug-20
Detecting the Undetectable

IQ-AI (IQAI) H1(June) rev a paltry £117k down 18%, due to covid? Has a product IB CA - 'Detecting the Undetectable'. Maybe it will forsee profit here. [SP=4.97 Cap=7m]
SIMEC Atlantis Energy (SAE) following Thursday's placing, signs a Heads of Terms in relation to the mooted JV. [SP=12.85 Cap=55m]
Scapa (SCPA) Q1 rev well ahead of covid scenario but no £££. Guides FY trading profit c. 10% ahead of market expectations. [SP=91.6 Cap=171m]
Newmark Security (NWT) wins 2 US contracts, one at least $1m over 3 years, the other up to $3.8m over 2-3 years. [SP=1.3 Cap=6m]
Distribution Finance (DFCH) push back on capital classification on resubmitted banking licence application. Co "will take certain reorganisation steps in respect of parts of the existing share capital within the Group, which will be carried out before any final authorisation decision will be considered by the PRA." [SP=38.24 Cap=42m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Posts: 1769
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Re: MrC's Smallcap Sweeps for Aug 2020

#332070

Postby MrContrarian » August 10th, 2020, 7:44 am

Smallcap Sweep. 10-Aug-20


Supply@Me Capital (SYME) MOU signed with leading Middle East Investment Company for first Inventory Monetisation platform pilot in the region. [SP=0.06 Cap=21m]
Centralnic (CNIC) guides H1(June) rev $110m up 121% and adj EBITDA over $15m, comfortably trading in line with market expectations. [SP=82.9 Cap=157m]
Quixant (QXT) CFO scarpers in 2 weeks . He is thanked. [SP=117 Cap=78m]
Mirada (MIRA) commercial launch of Iris multiscreen solution in the US Virgin Islands. Delight but no £££. [SP=70 Cap=7m]
Morses Club (MCL) Collections in the HCC division for July increased to 98% of normal from 91% in June. Shelby Finance collections 'above 80% to terms', better than pre-covid. [SP=51 Cap=67m]
ThinkSmart (TSL) settles suit against Carphone Warehouse for £1.45m inclusive of costs. Why does co not mention that it claimed £20m? [SP=29.5 Cap=32m]
Open Orphan (ORPH) £4m contract from a global pharma co to be the sponsor of and provide a respiratory syncytial virus human challenge study trial, expected to be completed by the end of Q1 2021. [SP=13.33 Cap=89m]
Superdry (SDRY) Q1 better than initial expectations with rev down 21%. Gets £70m Asset Backed Lending Facility to 2023. [SP=117.9 Cap=97m]
Dekel Agri-vision (DKL) July crude palm oil prodn down 13% but price up 5%. [SP=2.26 Cap=10m]
Lok'n Store (LOK) new enquiries and move-ins at an all-time high in July. FY self-storage revenue up 6.3% and occupancy up 6%. [SP=578 Cap=171m]
SEC Newgate guides H1(June) ahead of management expectations with rev up 252% (acquisition boosted) and pretax €1.5m (no comparator). [SP=NA Cap=NA]

In line: IDEA
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Re: MrC's Smallcap Sweeps for Aug 2020

#332322

Postby MrContrarian » August 11th, 2020, 7:45 am

Smallcap Sweep. 11-Aug-20


Appreciate (APP) confirms sale of property for £3.2m. [SP=34.98 Cap=65m]
Walker Greenbank (WGB) guides H1(June) total brand sales, before licensing, discounts and rebates, down 28%. Core licensing income down 10%. Cautious. [SP=45.71 Cap=32m]
Codemasters (CDM) guides FY rev and adj EBITDA ignificantly ahead of market expectations. Cites its Formula One title and continued strength of back catalogue. [SP=377 Cap=571m]
Destiny Pharma (DEST) positive interim safety review completed of Phase 2b study of its lead asset XF-73 in the prevention of post-surgical bacterial infections. [SP=44 Cap=19m]
Sareum (SAR) long summary of drug dev progress but no overview. Dirs still deferring but not reducing pay. [SP=0.89 Cap=29m]
Inspiration Healthcare (IHC) continued to enjoy a very strong start to the year with U/L rev up 30%. What is underlying rev? C. 40 % of the value of ventilator contracts have been supplied. [SP=64 Cap=44m]
S & U (SUS) trading volumes in last 2 months return nearer normal but no FY guidance. Quotes Mark Twain "It ain't what you don't know that gets you into trouble, but what you know for certain that just ain't so." [SP=1605 Cap=195m]
Solid State (SOLI) rev continued to be ahead of management's expectations. Rev in last 4 months down 4%. All suppliers now shipping to schedule. However, lead times on new orders are lengthening. [SP=614.88 Cap=53m]
OptiBiotix Health (OPTI) outlook "extending the use of LPLDL into a wider range of applications. These include dairy, anti-aging products, and the development of a cardiovascular health portfolio including a blood pressure (CholBiomeBP) and vascular health product (CholBiomeVH). This will complete a suite of cardiovascular applications of different formulations which should meet the regulatory and market needs of most countries around the world." [SP=52.33 Cap=46m]
RUA Life Sciences (RUA) hospital orders now having recovered to 90% of pre-COVID levels in the US compared to around 67% in Europe. The increase in operating theatre activity has had a similar impact on the orders being placed on RUA Medical by its largest customer. [SP=96.6 Cap=15m]
Versarien (VRS) FY rev down 8%, pretax -£4.7m (£2.8m) after share based payments charge of £1.2m. Cash at hand down to £1.7m despite £5m gov't loan. "Our global expansion plans have changed direction slightly as we have decided that progressing into the Chinese market, whilst significant commercially, must be done on the basis that we are confident that our IP is protected." What about all those exciting China development deals? Have they turned to graphene dust? [SP=40.11 Cap=68m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Re: MrC's Smallcap Sweeps for Aug 2020

#332544

Postby MrContrarian » August 12th, 2020, 7:33 am

Smallcap Sweep. 12-Aug-20


Wameja (WJA) Homesend pays back €2.5m loan to WJA. [SP=5 Cap=97m]
Hawkwing (HNG) expects move from AIM to main list on 26 Aug. [SP=0.4 Cap=1m]
Impact Healthcare REIT (IHR) sells The Shrubbery care home in Worcester to a developer for alternative use for 24% over book. Have all the Knights Who Say "Ni!" died now? [SP=103.5 Cap=330m]
Accsys (AXS) forms JV to construct and operate an Accoya® wood production plant to serve the North American market. Accsys' share of the initial engineering and design costs c. €1.5m. [SP=90 Cap=148m]
7digital (7DIG) contract with Triller "to power the world's fastest growing social music video app with its Music Platform-as-a-Service offering...Triller is an AI-powered app that allows users to choose their favourite music to create auto-edited, professional-quality videos which can be published on the app or shared via social media channels." [SP=0.59 Cap=15m]
Checkit (CKT) guides H1(July) rev up 2.3% normalised (as if Checkit UK had been owned in prior period). Recurring rev up 23%. [SP=37.61 Cap=23m]
Northbridge Industrial Services (NBI) guides H1(June) rev down 5%. Fall mostly offset by a reduction in operating costs and around £0.2m of gov't support so expect the overall trading result similar to 2019. [SP=85.75 Cap=24m]
Grafenia (GRA) FY. Outlook "With the restructuring activity undertaken in this financial year, and the financial support secured through the bond issue and CBILS loan, we believe we have secured the financial future of the business and have the resources to execute our expansion plans. Accordingly, the Directors continue to adopt the going concern basis." [SP=6.5 Cap=9m]

In line: HSW
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Re: MrC's Smallcap Sweeps for Aug 2020

#332815

Postby MrContrarian » August 13th, 2020, 7:40 am

Smallcap Sweep. 13-Aug-20
Topps up

Topps Tiles (TPT) recent 6 weeks rev up 15.5%. "Performance of the business through the pandemic period has been significantly better than initial expectations." Now guides modest FY adj preax profit. [SP=43.2 Cap=84m]
Yourgene Health (YGEN) IONA, a non-invasive prenatal test, get Australian approval for sale. [SP=17.25 Cap=124m]
Pennant (PEN) guides H1 rev only £6.3m and underlying EBITA loss of £2m. Guides FY rev only £14m but with positive EBITA in H2. [SP=39.95 Cap=15m]
Smartspace Software (SMRT) has received the £4.6m, subject to adjustment, from the sale of Enterprise software business. Another £0.4m deferred expected. After the sale co will have £5.7m of (net?) cash, [SP=60.51 Cap=17m]
RA International (RAI) wins 2 year contract worth c. $60m. [SP=45.94 Cap=79m]
The Panoply (TPX) wins 2 contracts from the Land Registry worth £3.2m and £1.6m. They are already in mgmt forecasts [SP=120 Cap=67m]
Immunodiagnostic Systems (IDH) the new automated covid IgM antibody test assay gets CE mark. [SP=251 Cap=72m]
Directa Plus (DCTA) its graphene enhanced facemask has been confirmed as having strong anti-viral properties by a university. The masks are washable at least 50 times. [SP=77.51 Cap=47m]
International Personal Finance (IPF) receives its £45m from the appeal against 2008 and 2009 tax audit findings after Polish court has formally confirmed decision is final. Collections reach 92% and credit issued reaches 43%, of pre-Covid expectations. [SP=59.5 Cap=133m]
Eckoh (ECK) wins six-year renewal of London Congestion Charge contract, worth £4m. [SP=63 Cap=160m]
Tribal Group (TRB) H1 rev down 4%. but EPS up 12%. Guides FY slightly ahead of market expectations for rev and adj EBITDA, and ahead for adj EBITA. [SP=58 Cap=119m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Re: MrC's Smallcap Sweeps for Aug 2020

#333070

Postby MrContrarian » August 14th, 2020, 7:17 am

Smallcap Sweep. 14-Aug-20


NewRiver REIT (NRR) Q1 in line with 80% of rent either collected or had alternative payment terms agreed. Recent disposals in-line with March valuations. Pub LFL rev better than UK average at 13% down. [SP=61.1 Cap=187m]
Angle (AGL) 'breakthrough' research shows potential to use Parsortix to assess whether non-small cell lung cancer (NSCLC) patients will respond to immunotherapy drugs. [SP=52 Cap=90m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Posts: 1769
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Re: MrC's Smallcap Sweeps for Aug 2020

#333749

Postby MrContrarian » August 17th, 2020, 7:35 am

Smallcap Sweep. 17-Aug-20


BATM Advanced Communications (BVC) H1 rev up 38%, EPS 0.36¢ up 157%. Guides FY significantly ahead of market expectations. [SP=122 Cap=537m]
Costain (COST) guides H1 op profit £5.7m, before the troubled A465 and Peterborough & Huntingdon contracts which are under arbitration or legal process. Outlook "confident that we are well placed to deliver significant growth in profit in 2021." [SP=57.5 Cap=158m]
Carclo (CAR) revised funding arrangements with the Company's main secured creditors, HSBC and the Pension Scheme, which provide access to ongoing bank facilities. Q1 rev down 12%, ahead of the Board's initial, Covid-19 adjusted, planning assumptions. July broadly in line with Q1. [SP=7.52 Cap=6m]
Live Company Group (LVCG) low cost long term CBILS Lending Facility refinancing of Riverfort Facility. £143k early termination fee for the latter. Reduces our cost of capital for the next five years. [SP=10.01 Cap=9m]
Versarien (VRS) receives first £2m of £5m Innovate UK Loan. [SP=43 Cap=73m]
Infrastructure India (IIP) activity has recommenced after lockdown eased. "Operations remain at low capacity across most industrial sectors. This is due to both lower demand and critical shortages of labour and raw materials. Freight volumes - export, import and bulk cargo - remain depressed and are unlikely to pick up in the near term. Consequently, there has been aggressive discounting amongst operators in the logistics sector." [SP=1.1 Cap=6m]
KRM22 (KRM) signs previously mentioned four-year contract, worth £1.2m. [SP=30.75 Cap=8m]
Falanx (FLX) Strategic Contract Win for the provision of cyber security services to one of the major suppliers of services to the UK public sector. Iimmediate recurring revenues are relatively modest but expected to grow. [SP=1.54 Cap=6m]
Totally (TLY) a number of contract extensions plus a pilot worth £7.5m. [SP=18.2 Cap=33m]
Clear Leisure (CLP) €10.8m claim case hearing delayed to end Sept. Investment updates. H1 delayed to Oct 20 at the latest. [SP=0.31 Cap=2m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

@MrContrarian
read it first on Twitter

MrContrarian
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Re: MrC's Smallcap Sweeps for Aug 2020

#334022

Postby MrContrarian » August 18th, 2020, 7:46 am

Smallcap Sweep. 18-Aug-20
Tasty serves bitter pill to staff

Tiziana Life Sciences (TILS) gets US patent for treatment of Crohn's disease with Foralumab. Phase 2 trial in Q4. [SP=158 Cap=301m]
OKYO Pharma (OKYO) issue £1.4m convertibles. Also plans a NASDAQ dual listing. [SP=16.5 Cap=111m]
Faron Pharmaceuticals (FARN) Traumakine continues to be investigated as a potential COVID-19 treatment in global trials. Gets loan to set up commercial scale manufacturing. [SP=455 Cap=213m]
MaxCyte (MXCT) to expand Phase I intraperitoneal delivery and dose-escalation trial of MCY-M11, its lead anti-mesothelin CAR-PBMC cell therapy candidate following the encouraging preliminary results in May. [SP=336.5 Cap=255m]
Stobart Group (STOB) Easyjet confirms closure of its bases at London Southend and London Stansted airports.CEO, R.O. Stinted, said "we expect that this decision will create significant opportunity for other airlines looking to take on established, popular and profitable routes." [SP=29.9 Cap=187m]
Angling Direct (ANG) guides H1(July) rev up 21%. "Despite all retail stores being closed between 24 March and 14 June...the Company was very pleased to achieve strong online sales." Online sales bound to increase when stores closed! Net cash £21m (£13.3m). [SP=49.98 Cap=39m]
Tasty (TAST) expects 86% of sites open in Aug. "Most of the remaining restaurants are not planned to re-open for the foreseeable future...remains extremely cautious regarding trading in September." Staff cut 30%. [SP=2.1 Cap=3m]
Gaming Realms (GMR) continued to trade ahead of market expectations with H1 rev £5m (£3.1m) and adj EBITDA c. £1.2m (-£0.1m). Guides FY materially ahead of current market expectations [SP=21.3 Cap=61m]
Gfinity (GFIN) guides FY rev for Gfinity Digital Media £2m, supporting the Company's target of moving into profitability in Q1 of 2021. Gfinity has also started to monetise a large proportion of its social channels, including Facebook. [SP=3.33 Cap=25m]
Northern Bear (NTBR) AGM stmt: has continued to trade well since prelims in July with a a further increase in site activity levels. Forward order book remains strong. [SP=59.4 Cap=11m]
One Media iP (OMIP) £6m placing at 7p, a 3.4% discount. Will fund purchase of Digital Assets. [SP=7.01 Cap=10m]
Quadrise Fuels(QFI) signs MSAR Commercial Trial Agreement with Greenfield Energy, as mooted. Worth $150k. [SP=2.15 Cap=22m]
Slingsby H C (SLNG) H1(June) rev up 5% with June up 50%. Remains cautious that this increase in demand is short term. [SP=175 Cap=1m]
Robinson (RBN) H1. Guides mid to high single digit revenue growth in FY. [SP=129.2 Cap=21m]
Sosandar (SOS) FY(Mar) loss £7.8m (£3.5m). July rev up 57%, up on Q1's 54%, loss down 83%. "Strength in current trading underpins confidence in carefully increasing marketing activity at the end of Q2." [SP=18.16 Cap=35m]
Marshall Motor Holdings (MMH) H1(June) down 24%. Pretax -£10.7m (+£14.8m). "The period following the reopening of showrooms in June has been encouraging with an improvement in like-for-like order take throughout June, July and the early part of August." [SP=127.75 Cap=100m]

In line: ESYS, BIDS, TCM, MER
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

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Re: MrC's Smallcap Sweeps for Aug 2020

#334256

Postby MrContrarian » August 19th, 2020, 7:26 am

Smallcap Sweep. 19-Aug-20
A bank called BOG

Alpha Growth (ALGW) £500k placing at 1.4p, an 18% discount, to keep the lights on. [SP=1.62 Cap=3m]
Sensyne Health (SENS) development of DBm-Health a new software product for people with or at risk of diabetes. Follows success of GDm-Health for women with diabetes in pregnancy. [SP=48.9 Cap=63m]
Water Intelligence (WATR) wins its fourth national contract from a top US insurance company. No £££. [SP=315.7 Cap=46m]
ValiRx (VAL) update on its drug development programmes. [SP=17 Cap=8m]
Tracsis (TRCS) guides FY(July) rev £48m (£49.2m) with c. £10m hit from covid. Guides pre IFRS 16 EBITDA margin c. 20% (21%). Adj pretax will be down. "Despite the impact that Covid-19 has had on clients cancelling and postponing projects within the Traffic & Data Services division we have continued to secure new work." [SP=576.5 Cap=168m]
Bank of Georgia (BGEO) BOG wins award for Best Consumer Digital Bank in Georgia. [SP=793 Cap=390m]
Luceco (LUCE) guides FY adj Operating Profit at least £23m, up from guided £18m, due to improvement in near-term demand, improved gross margin and tight control of overheads. Adj EPS at least 11p. [SP=159.2 Cap=256m]

In line: SUR, FAB
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

@MrContrarian

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Re: MrC's Smallcap Sweeps for Aug 2020

#334552

Postby MrContrarian » August 20th, 2020, 7:51 am

Smallcap Sweep. 20-Aug-20
car dealers rev up sales

Lookers (LOOK) Trading in June and July has been better than expected in both vehicle sales and aftersales. Momentum has continued into August. [SP=21 Cap=82m]
Pressure Technologies (PRES) CFO leaving Oct. She is thanked. [SP=91.77 Cap=17m]
7digital (7DIG) wins contract with a global technology company. No £££. [SP=2.41 Cap=59m]
Equatorial Palm Oil (PAL) £400k placing at 0.4p, a 38% discount, to explore corporate opportunities and keep the lights on. [SP=0.7 Cap=2m]
Fletcher King (FLK) Q1 bad as expected. Also its Professional Indemnity insurance has more than doubled, up c. £200k. Guides H1 loss. [SP=36 Cap=3m]
Farcejet (FJET) curtain closing on this long-running pantomime. A long-winded update, reminds holders that it delists on Monday. [SP=0.03 Cap=1m]
Gfinity (GFIN) launches virtual motocycle racing website with news for followers of that sort of thing. [SP=3.9 Cap=30m]
Active Energy (AEG) £1.5m placing at 0.6p, a 23% discount, to keep building the CoalSwitch reference plant and keep the lights on. [SP=0.8 Cap=10m]
Vertu Motors (VTU) July trading continued June trend and was significantly stronger than mgmt exp with adk pretax £7.4m. Adj pretax loss was £5.2m in March to June. [SP=22 Cap=81m]
EKF Diagnostics (EKF) $5m investment into Trellus Health, a resilience-driven (huh?) digital health solution for complex chronic conditions. Its initial focus is Inflammatory Bowel Disease eg Crohn's. [SP=57 Cap=259m]
Immedia (IME) £1.1m placing at 10p, a 31% discount, to repay some short-term loan finance and pay abortive transaction costs but mainly to keep the lights on. [SP=14.98 Cap=2m]
Mothercare (MTC) to save working capital by franchise partners paying manufacturing partners directly. Also completed contractual arrangements for Boots UK to be UK and Republic of Ireland franchise. FY accounts delayed. [SP=5.84 Cap=22m]
Starcom (STAR) H1(june) rev down 25%, pretax -$716k (=$505k). "Positive signs for improvement in H2." [SP=1.05 Cap=4m]
EP Global Opps Trust (EPG) NAV 294.4p down 8% in half. SP dicount to NAV inc to 9%. [SP=266.6 Cap=105m]

In line: SWG
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

@MrContrarian

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Re: MrC's Smallcap Sweeps for Aug 2020

#334809

Postby MrContrarian » August 21st, 2020, 7:27 am

Smallcap Sweep. 21-Aug-20


Silence Therapeutics (SLN) takes a step towards listing ADSs on NASDAQ. [SP=461 Cap=382m]
Tiziana Life Sciences (TILS) gets US patent for use of Milciclib in combination with tyrosine kinase inhibitors such as Sorafenib for the treatment of hepatocellular carcinoma (HCC) and other cancers in humans. [SP=157 Cap=299m]
Eddie Stobart Logistics (ESL) its 49% indirectly owned associate GreenWhiteStar wins 3 year contract to provide transportation services from two Morrisons distribution centres. [SP=7.6 Cap=29m]
Omega Diagnostics (ODX) gets Prequalification for VISITECT CD4 Advanced Disease test, the only currently available handheld lateral flow point-of-care test for identifying patients with advanced HIV. Allows allowed PEPFAR and UN agencies to get the test incorporated into their budgets for 2021 [SP=58 Cap=103m]
SIMEC Atlantis Energy (SAE) gets 'agreement' up to £170m loan to fund 100% of Phase 1 (110MW) of the Uskmouth conversion project. "This agreement is not legally binding save as to a 6 month period of exclusivity, which may be further extended by mutual agreement and is subject to borrower rights of termination including ongoing assurances regarding the ability of both parties to deliver against the terms. The framework agreement is intended to be replaced by full form loan documents prior to financial close." [SP=17.99 Cap=88m]
Manx Financial Group (MFX) Conister and CFL have been selected to provide Government-backed funding to assist SMEs [SP=8.25 Cap=11m]
600 Group (SIXH) gets £1.2m covid loan. Order backlog has returned to acceptable level, 15% down YoY. FY accounts delayed by up to 3 months, to Dec. [SP=8.1 Cap=10m]
Holders Technology (HDT) H1 rev down 10% as guided, EPS -2.13p (+1.17p). "Board considers the result for the first half to be acceptable...Encouraged by recent improvements in some divisions, both in quotations and order intake, as compared to the first half but cannot be certain that this will follow through to the end of the year." [SP=42.5 Cap=2m]

In line: GYG
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

@MrContrarian

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Re: MrC's Smallcap Sweeps for Aug 2020

#335374

Postby MrContrarian » August 24th, 2020, 7:43 am

Smallcap Sweep. 24-Aug-20
LID lift

Tiziana Life Sciences (TILS) gets US patent for methods and use of a fully human monoclonal antibody that may be able to treat cytokine storms eg in covid. [SP=150 Cap=286m]
Safestay (SSTY) further cost cutting due to tourism hit by "perceived likelihood of a second wave". Modelled two cases: base case that all hostels re-open by Oct; low case where all but London Kensington Holland Park and Barcelona Gothicopen by Oct but with lower occupancy. Under both cases co reaches b/e occupancy level from March 2021. Trading: in July 30 per cent. of the Group's bed stock was available and 16 per cent. of such bed stock was occupied. Discussing covenants with bank, may sell some hostels, raise equity. [SP=13.4 Cap=9m]
Venture Life (VLG) CPC mouthwashes including co's Dentyl brand to be used in a trial to investigate the possibility that using over-the-counter mouthwashes reduces covid infections. [SP=86.9 Cap=73m]
7digital (7DIG) one year contract for co's platform to host jazzed - the world's first dedicated audio-visual streaming service for jazz and jazz-influenced music - to launch globally in new territories. [SP=3.13 Cap=77m]
LiDCO (LID) guides H1 rev up 75%, due to increased demand for advanced hemodynamic monitors in covid cases. [SP=7.55 Cap=19m]
Prime People (PRP) delays FY result to lat Oct. [SP=42.9 Cap=5m]
IXICO (IXI) guides FY(Sep) rev in line with, or slightly ahead, EBITDA materially ahead of market expectations. [SP=69.5 Cap=33m]
Amigo (AMGO) comments of blog of ousted founder James Benamor on proposals for AMGO. Fight! [SP=17.82 Cap=85m]
Motorpoint (MOTR) CFO scarpers. He is thanked. Trading encouraging but no guidance. [SP=271 Cap=244m]
Coral Products (CRU) Q1 rev down 24% but U/L EBITDA up 5%. Confident cash flow will further improve if no covid 2nd wave. [SP=4.88 Cap=4m]
Clipper Logistics (CLG) FY(Apr) as guided. Maintains div. Guides FY21 comfortably ahead of market expectations. [SP=370 Cap=376m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

@MrContrarian
read it first on Twitter

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Re: MrC's Smallcap Sweeps for Aug 2020

#335681

Postby MrContrarian » August 25th, 2020, 7:31 am

Smallcap Sweep. 25-Aug-20


Alfa Financial Software (ALFA) ups H1 rev guidance to c.£38m, EBIT c.£10m. Guides FY ahead of market expectations of £60m rev and £4m EBIT. [SP=75.8 Cap=227m]
Catenae Innovation (CTEA) first commercial sale for the Onsite ID occupational health app. [SP=3.6 Cap=8m]
C4X Discovery (C4XD) drug progess update including a Phase 1 trial for C4X_3256 for the treatment of opioid dependence. [SP=25.09 Cap=30m]
DFS Furniture (DFS) order intake significantly ahead of initial expectations and is in addition to our previously announced strong opening order book. Last 6 weeks equivalent to c. £70m of rev. [SP=150 Cap=383m]
Eden Research (EDEN) its bio-fungicide gets approval Eden Research for use on wine and table grapes. [SP=7 Cap=27m]
Asimilar Group (ASLR) unsuspended as assignment to MESH Holdings of the Company's interest and rights to invest in Sentiance NV has now completed. [SP=70 Cap=77m]
Next Fifteen Communications (NFC) trading has continued to remain resilient over H1 and is well ahead of management expectations set in March. H1 rev up 6.5%, adj pretax up by over 16% to at least £20m. Guides FY materially ahead of market expectations. [SP=369 Cap=334m]

In line: PHD
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

@MrContrarian

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Re: MrC's Smallcap Sweeps for Aug 2020

#335967

Postby MrContrarian » August 26th, 2020, 7:28 am

Smallcap Sweep. 26-Aug-20


4d Pharma (DDDD) encouraging result from Part A Phase I/II clinical trial of MRx0518 in combination with immune checkpoint inhibitor Keytruda in heavily pre-treated patients with solid tumours. [SP=78.4 Cap=103m]
Iofina (IOF) debt refinancing a step closer. [SP=15.5 Cap=30m]
ASA International (ASAI) collection efficiency in July remained in the mid to high nineties in the eight operating countries where over 70% of pretax is made. 8% of the loan portfolio granted moratorium. Unrestricted cash and cash equivalents remained stable at c. $110m. [SP=151.58 Cap=152m]
Jaywing (JWNG) guides FY rev down 19%. Positive EBITDA in April to June. [SP=2.6 Cap=2m]
Hawkwing (HNG) update on move to main mkt: finalising a prospectus. [SP=0.4 Cap=1m]
EQTEC (EQT) wins contract worth €2m for Equipment Sale and Services for a waste gasification project. [SP=0.62 Cap=42m]
Go-Ahead Group (GOG) two-year contract extension from Sept 2021 to Go-Ahead Singapore to continue operating around 450 buses [SP=650 Cap=281m]
Ilika (IKA) Stereax manufacturing plans update: do we really need to know each step towards building a battery factory? [SP=86 Cap=119m]
Vianet (VNET) first four months of FY ahead of mgmt f/c. Over 80% of customers' sites now open.Over 1,900 new orders for telemetry and contactless units. [SP=92.06 Cap=27m]

In line: PEB
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

@MrContrarian

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Re: MrC's Smallcap Sweeps for Aug 2020

#336246

Postby MrContrarian » August 27th, 2020, 7:38 am

Smallcap Sweep. 27-Aug-20


Morses Club (MCL) FY results delayed to no later than 17 Sept. [SP=65.3 Cap=86m]
Novacyt (NCYT) launches CE-Mark approved respiratory test panel, Winterplex. It will distinguish covid from flu A&B and respiratory syncytial virus. "The test panel is designed to be used on any open PCR platform, including the Company's rapid, portable q32 instrument." [SP=287.5 Cap=227m]
M&C Saatchi (SAA) continued to trade well and profitably in H2. Wins National Census 2021 contract. Net cash £20m. [SP=61 Cap=70m]
DFS Furniture (DFS) sells lossmaking Sofa Workshop for £0.3m. [SP=163 Cap=416m]
GETECH (GTC) guides H1 rev £2.1m down 16%. New forward sales £1.4m (£1.6m). Order book £2.9m down 6%. Guides modest positive EBITDA (-£0.1m). Outlook: "H2 2020 business environment remains challenging for almost all businesses globally, and despite a significant, but partial, recovery in oil prices, customer confidence remains fragile." [SP=11.7 Cap=4m]
Scancell (SCLP) The Scancell led consortium is awarded funding by Innovate UK to progress second generation COVID vaccine into clinical trials. Co will get c. £2m of this. [SP=7.35 Cap=46m]
Immunodiagnostic Systems (IDH) will provide contract manufacturing services fro the covid antibody ELISA test, launched in Europe and other markets which accept the CE mark today. Test submitted for rapid FDA approval. Test detects all three antibodies. [SP=220.6 Cap=63m]
Prophotonix (PPIX) very late H1(Dec). Rev down 9%. Pretax $1.05m (-$1.3m) Material uncertainty as to going concern. [SP=1.1 Cap=1m]
PV Crystalox Solar (PVCS) H1 pretax -€0.4m (-€1.4m). "A sale of the German business to a third party or a transfer to the existing management team remains the ultimate objective and together with a resolution of the tax issues may enable a further cash return to shareholders in due course." [SP=48.22 Cap=4m]
Sopheon (SPE) H1 rev $13.9m up 1.5%, pretax $479k ($855k). FY rev visibility $25.5m ($25.4m). [SP=914 Cap=93m]
Macfarlane Group (MACF) H1 rev down 2%, pretax down 5.5%. "We expect to deliver a solid sales and profit performance in 2020." [SP=94.5 Cap=149m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. 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
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Posts: 1769
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Re: MrC's Smallcap Sweeps for Aug 2020

#336486

Postby MrContrarian » August 28th, 2020, 7:26 am

Smallcap Sweep. 28-Aug-20
Patronising script at Hostel

CEPS (CEPS) director makes another unsecured loan, £100k, at nil interest and no repayment date to keep the lights on. [SP=24 Cap=4m]
Blackbird (BIRD) has partnered with Tata Communications, to launch its cloud-based video editing services for live video to the media & sports industry. It follows a multi-year order from Tata. [SP=16.7 Cap=56m]
Hostelworld (HSW) to make a script dividend or 'a bonus issue' instead of cash of €0.01. How patronising. [SP=62.7 Cap=72m]
Tandem (TND) guides H1 rev and pretax up YoY. "The supply chain, particularly for bicycles, remains under pressure with strong global demand on suppliers and increased lead times. In addition, national retailers continue to be cautious in their buying decisions. As anticipated, Group revenue fell behind the prior year during the summer period as a result of the lack of national retailer FOB orders and a limited supply of bicycles. However, margin from domestic business has remained strong." No FY guidance. [SP=367.8 Cap=19m]
Amigo (AMGO) Q1 rev down 32%, adj EPS 0.8p (4.3p). Complaints provision broadly unchanged at £116.4m. AT last on track to meet complaint backlog handling deadline imposed by FCA. "We are preparing to restart lending on a prudent basis by the end of 2020. However, until we do so, and until we have more clarity on the financial impact of Covid-19, the Board considers it too early to issue guidance." [SP=12 Cap=57m]


Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

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

@MrContrarian


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