MrC's Smallcap Sweeps for Mar 2023
Posted: March 1st, 2023, 7:45 am
Smallcap Sweep. 01-Mar-23
Rats leaving the stinking ship
Inland Homes (INL) Chmn and both NEDs resign. Leaves only one director (CFO) so chmn will stay as a NED for up to 2 weeks to find another director. The new CEO left after a month in Jan, no reason given. Co finds some "related party issues (which may or may not fall to be treated as related party transactions under the AIM Rules) of which the Board was not informed at the relevant times". SP down 87% in 18 months. [SP=10.2 Cap=23m]
Purplebricks (PURP) gets several credible expressions of interest in a takeover. [SP=7.55 Cap=23m]
Immotion (IMMO) completes sale of of Location Based Entertainment business. [SP=3.4 Cap=14m]
Mobile Tornado (MBT) £500k subscription at 2p, a 5% discount, to accelerate our business development activities. £260k of debt converted at shares at 2p. Guides FY-Dec rev down 12%. EBITDA -£0.29m (-£0.03m). In line? [SP=1.96 Cap=7m]
Harland & Wolff (HARL) guides FY23 in line with re v £100m-£115m. Guides FY24 rev £200-230m and C/F breakeven. Backlog of contracts c.£900m over 7 years. [SP=16.57 Cap=29m]
Accrol (ACRL) licenses Unilever's Lifebuoy brand for kitchen towels. Will sell it cheaper than the market leader. [SP=31 Cap=99m]
Public Policy (PPHC) buys MultiState Associates, a US government relations and public affairs group, for $22m. Guides FY22 rev up 10%. In line? Says U/L EBITDA margin is in line so why don't they tell us if rev is?. [SP=134 Cap=147m]
ME Group (MEGP) [last nght] delayed promised FY accounts to today, no reason given. Accounts published on website last night look in line though. [SP=126.5 Cap=478m]
In line: RCDO
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
Rats leaving the stinking ship
Inland Homes (INL) Chmn and both NEDs resign. Leaves only one director (CFO) so chmn will stay as a NED for up to 2 weeks to find another director. The new CEO left after a month in Jan, no reason given. Co finds some "related party issues (which may or may not fall to be treated as related party transactions under the AIM Rules) of which the Board was not informed at the relevant times". SP down 87% in 18 months. [SP=10.2 Cap=23m]
Purplebricks (PURP) gets several credible expressions of interest in a takeover. [SP=7.55 Cap=23m]
Immotion (IMMO) completes sale of of Location Based Entertainment business. [SP=3.4 Cap=14m]
Mobile Tornado (MBT) £500k subscription at 2p, a 5% discount, to accelerate our business development activities. £260k of debt converted at shares at 2p. Guides FY-Dec rev down 12%. EBITDA -£0.29m (-£0.03m). In line? [SP=1.96 Cap=7m]
Harland & Wolff (HARL) guides FY23 in line with re v £100m-£115m. Guides FY24 rev £200-230m and C/F breakeven. Backlog of contracts c.£900m over 7 years. [SP=16.57 Cap=29m]
Accrol (ACRL) licenses Unilever's Lifebuoy brand for kitchen towels. Will sell it cheaper than the market leader. [SP=31 Cap=99m]
Public Policy (PPHC) buys MultiState Associates, a US government relations and public affairs group, for $22m. Guides FY22 rev up 10%. In line? Says U/L EBITDA margin is in line so why don't they tell us if rev is?. [SP=134 Cap=147m]
ME Group (MEGP) [last nght] delayed promised FY accounts to today, no reason given. Accounts published on website last night look in line though. [SP=126.5 Cap=478m]
In line: RCDO
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