MrC's Smallcap Sweeps for August 2019

[MrContrarian]

Smallcap Sweep. 01-Aug-19
ASH cash lash

Sanderson (SND) recommended offer of 140p, a 10% premium.
Infrastrata (INFA) £700k placing at 0.045p.
Rotala (ROL) £1.1m placing at 56p, a 7% discount, to reduce debt.
Portmeirion Group (PMP) H1 rev down 5%. In line and expect to meet FY exp as the order book is ahead of last year.
Seeing Machines (SEE) FY trading. Rev $31.8m, slightly ahead of Board expectations. Projected total of contracted revenue for the Automotive business A$170m to A$200m (A$100m end FY18).
Ashley House (ASH) casj tight - three extra care schemes (RNS 5 July) have still not reached financial close. The schemes are still expected to close over the course of the next 2 months. Exploring a number of sources of further funding to best manage this.
Tissue Regenix Group (TRX) CEO resigns with immediate effect due to serious illness.


Notes (do not rely on the data)
SND: Price=129.49. Cap=78m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Sanderson Group is a provider of software solutions and IT services, to the multi-channel retail and manufacturing sectors.
INFA: Price=0.5. Cap=7m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Infrastrata develops sub-surface gas storage facilities. The company has focused on a gas storage project in County Antrim.
ROL: Price=60.9. Cap=29m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Rotala operates commercial and subsidized bus routes for businesses, local authorities, the public and private individuals. Its business segments are Contracted, Commercial and Charter.
PMP: Price=1000. Cap=109m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Portmeirion Group manufactures ceramic homeware products under Portmeirion, Spode, Royal Worcester, and Pimpernel brands. The company has a business presence in the UK, USA and also has a distributor network in South Korea, India, Taiwan and Thailand.
SEE: Price=4.5. Cap=151m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Seeing Machines provides operator monitoring and intervention sensing technologies and services for the automotive, mining, transport and aviation industries. It develops products to detect and manage driver fatigue and distraction.
ASH: Price=7.56. Cap=5m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Ashley House is engaged in designing, construction management, consultancy and asset management services, working with providers of health and social care on infrastructure developments from project inception to completion of construction and beyond.
TRX: Price=3.83. Cap=45m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Tissue Regenix Group is a biotechnology company. Its business includes the development of regenerative products using its dcell technology.

* 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. 02-Aug-19
Majestic goes fully Naked, boot for GOAL.

Goals Soccer Centres (GOAL) investigation finds "mproper behaviour [which] has involved a number of individuals for a period since at least 2010." Historic accounts can't be relied upon, 2018 audit work suspended. Will likely be booted off AIM end Sept. OTOH UK LFL up 12% & US 15%.
Majestic Wine (WINE) The announced disposal of original business has fetched £95m + £5m for property sale. Returning a paltry £3.8m (5.2p/sh) to holders. Will be fully Naked now.
IQGeo Group (IQG) £13m tender offer at 46p, a 5% premium. Returns a small part of £30m received on sale of RTLS SmartSpace.
Autins Group (AUTG) Placing at least £3.5m at 20p, a 30% discount, via bookbuild.
Pets at Home (PETS) string Q1. Guides FY underlying profit, before IFRS16 impacts, slightly above current market expectations of £85m.
Lamprell (LAM) order delays cuts FY guidance to $275-350m from $250-400m. The $275m is solid though.
appScatter (APPS) delayed FY hit by impact of the acquisition of Priori and proposed acquisition of Airpush, resulting in delaying SaaS subscription revenues. Rev about halved to £950k. Shares will remain suspended due to Airpush RTO.
Airea (AIEA) H1 rev down 3% as "high levels of market uncertainty within the economy resulted in tougher market conditions during the second quarter slowing the Group's financial performance."
Augean (AUG) The expected HMRC tax penalty is £4.6m. Will be issued end Aug and will be challenged.


Notes (do not rely on the data)
GOAL: Price=27.2. Cap=20m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Goals Soccer Centres is engaged in the operation of outdoor soccer centres across the United Kingdom.
WINE: Price=259. Cap=188m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Majestic Wine is engaged in the retailing of wines, beers, and spirits. The Company offers wine gifts; mixed cases; champagne; dessert, fortified and fine wines.
IQG: Price=44. Cap=32m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
AUTG: Price=27.51. Cap=6m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Autins Group is engaged in the design, manufacture and supply of Noise Vibration and Harshness insulating materials primarily to the automotive industry.
PETS: Price=215.6. Cap=1078m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Pets at Home Group is a national specialist retailer of pet food, pet-related products and pet accessories. It also operates small animal veterinary business by combined number of surgeries both in its stores and at standalone sites.
LAM: Price=54.68. Cap=187m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Lamprell plc is a United Kingdom-based provider of fabrication, engineering and contracting services to the offshore and onshore oil and gas, and renewable energy industries.
APPS: Price=17.2. Cap=16m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
appScatter Group is a scalable B2B SaaS platform. It allows its users to distribute and manage their apps on multiple app stores. It enables app developers and publishers to manage and track performance and compliance of their own and competing apps.
AIEA: Price=52. Cap=22m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
AIREA is a specialist flooring company engaged in manufacturing, marketing and distributing floor coverings. Its product portfolio includes contract carpets, carpet tiles, tufted carper, and floor coverings sold under burmatex and Ryalux brands.
AUG: Price=110.3. Cap=115m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Augean provides hazardous waste management services. Its services include hazardous landfill and treatment services. Its management service covers the final disposal of hazardous & difficult waste streams.

* 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

[dspp]

Smallcap Sweep. 02-Aug-19
Majestic goes fully Naked, boot for GOAL.


Majestic Wine (WINE) The announced disposal of original business has fetched £95m + £5m for property sale. Returning a paltry £3.8m (5.2p/sh) to holders. Will be fully Naked now.

Notes (do not rely on the data)
WINE: Price=259. Cap=188m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Majestic Wine is engaged in the retailing of wines, beers, and spirits. The Company offers wine gifts; mixed cases; champagne; dessert, fortified and fine wines.

* 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

So over the last few years Naked online slaughtered Majestic in wine in the street. Instead of fighting back the Majestic management team bought out the Naked management team, thereby giving the Naked team a good exit. Then Majestic sold their street, and became fully online.

At the end of the day this looks very much like the Majestic management team buying themselves a Naked career lifeboat with Majestic shareholder funds. If that is not agent principal dilemma I don't know what is.

https://en.wikipedia.org/wiki/Principal ... nt_problem

regards, dspp

[MrContrarian]

Smallcap Sweep. 05-Aug-19
Easy money for easyHotel holders

easyHotel (EZH) 95p recommended offer, a 35% premium.
Global Ports Holdings (GPH) guides FY growth 'low single digit' due to weak trading at its commercial ports. Cruise business strong.
Inland Homes (INL) has quickly agreed Section 106 for the large Cheshunt Lakeside site following July's planning approval.
Direlight (DIA) H2 weak. EPS -4.9p (+6.1p). Already warned of weak trading. Blames soft demand and delayed market share recovery after its production problems. FY outlook unchanged.


Notes (do not rely on the data)
EZH: Price=68. Cap=103m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
easyHotel is an international owner, developer, operator and franchisor of easyHotel branded hotels.
GPH: Price=365. Cap=232m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Global Ports Holding is an independent cruise port operator. It operates in the Mediterranean, Atlantic and Asia-Pacific regions, including commercial operations in Turkey and Montenegro specializing in container, bulk and general cargo handling.
INL: Price=66.8. Cap=137m. 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.
DIA: Price=390. Cap=127m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Dialight manufactures and sells light-emitting diode (LED) lighting fixtures for use in hazardous and industrial locations including the oil and gas and mining sectors. Its segments are Lighting, and Signals and Components.

* 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-Aug-19
Warpaint in retreat again.

Iconic Labs (ICON) acquisition and loan for up to £1.375m, partly to resolve legacy issues. Loan carries warrants with a variable strike price - a 10% discount to the prevailing SP!
boohoo (BOO) makes offer for online business of Karen Miller and Coast.
Gattaca (GATC) guides FY pretax slightly above market expectations and net debt lower than expected levels. UK Engineering div strong, others not.
Bigblu Broadband (BBB) subsidiary finds £12m of new equity and debt funding to support the build-out of its fibre backed fixed wireless network
Warpaint London (W7L) warns adj pretax only £6-7m. F/C is £7.7m. Blames "geographic mix of sales, adverse exchange rate movements and the Group's investment in its strategy for future growth, particularly in the US."
Anexo Group (ANX) renegotiates its working capital facilities and has secured considerable improvement in its financing arrangements. Also better terms from existing fleet insurance provider.
Tiziana (TILS) to issue shares on NASDAQ as ADSs. No assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the issue.


Notes (do not rely on the data)
ICON: Price=0.22. Cap=m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
BOO: Price=227.93. Cap=2646m. 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.
GATC: Price=147.03. Cap=47m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Gattaca is a recruitment services provider with the focus on the Engineering and Technology sector. It provides a variety of workforce solutions to various clients in the UK and internationally.
BBB: Price=110.1. Cap=63m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
W7L: Price=78. Cap=60m. 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.
ANX: Price=173. Cap=190m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
TILS: Price=55.8. Cap=76m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Tiziana Life Sciences develops novel molecules that impact serious human diseases in oncology and immunology. It is focused on developing next-generation therapeutics and diagnostics for cancers and immune diseases.

* 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. 07-Aug-19
Avon goes ballistic

Avon Rubber (AVON) buys 3M's ballistic-protection business for $91m (£75m) plus up to $25m (£21m) depending on the outcome of pending tenders. Will be significantly earnings enhancing in the first full year of ownership. Current trading in line.
Frontier Smart Technologies (FST) warns cash tight due to delay to cost cutting plan after approach from Science Group. Also weak Q4 and bid advisory fees mean may breach covenants. "The Board now intends to take action on cost mitigation and potential restructuring by implementing a revised version of the mitigation plan as soon as possible, so as to preserve Group outlook for FY20." Science Group requsitions EGM to replace NEDs with placemen.
Water Intelligence (WATR) H1 trading. Rev ahead of mkt exp and and pretax comfortably in-line.
Palace Capital (PCA) increases revolving credit facility by £11m to £40m.


Notes (do not rely on the data)
AVON: Price=1324. Cap=411m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Avon Rubber is engaged in protection and defence, material consultancy, fabrications and dairy industry. The group operates through the Protection and Defence and Dairy segments.
FST: Price=29.51. Cap=12m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Frontier Smart Technologies Group is a UK technology company focused on digital radio and smart audio solutions. The company provides chips, modules and software for consumer audio devices.
WATR: Price=326.18. Cap=48m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Water Intelligence is a provider leak detection and remediation services. The Group intends to be a "one-stop" shop for solutions (including products) for residential, commercial and municipal customers.
PCA: Price=296. Cap=136m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Palace Capital is an investment company. The principal activity of the company is property investment, predominately in key regional towns and cities within the UK.

* 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

[Itsallaguess]

Smallcap Sweep. 07-Aug-19

Avon goes ballistic

Avon Rubber (AVON) buys 3M's ballistic-protection business for $91m (£75m) plus up to $25m (£21m) depending on the outcome of pending tenders. Will be significantly earnings enhancing in the first full year of ownership. Current trading in line.

Avon Rubber up around 19% on the day.

I shall tonight be raising yet another glass of something nice to PaulyPilot, who recommended Avon Rubber almost half a lifetime ago on his Motley Fool board.

One of my best ever long term investments - many thanks PP!!

Cheers,

Itsallaguess

[MrContrarian]

Smallcap Sweep. 08-Aug-19
Xeros washes hands of legacy laundry biz

Xeros Technology Group (XSG) gets shot of most of lossmaking legacy US laundry business. Sells majority of its Hydrofinity US commercial laundry customer portfolio of leased machines for $109k. Already written down to nil.
Intelligent Ultrasound (MED) £6.25m placing and token open offer at 10p (a nil discount) for ScanNav dev and marketing.
S & U (SUS) H1 trading: "Transaction volumes and quality improvement, particularly in our motor finance business, are expected to be reflected in the pace of profits growth over the full year." In line? Who knows?


Notes (do not rely on the data)
XSG: Price=8.58. Cap=22m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Xeros Technology Group is a platform technology company that is reinventing water intensive industrial and commercial processes by reducing water and chemistry usage with its polymer technologies.
MED: Price=9. Cap=16m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MedaPhor Group plc is a holding company engaged in the development, marketing and distribution of ultrasound simulation devices for use in the training of medical professionals.
SUS: Price=2100. Cap=253m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
S & U is engaged in providing motor finance and specialist lending service through its subsidiary Advantage Finance Limited. It serves over 80,000 customers in UK by providing credit 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-Aug-19
Tide goes out for On The Beach

On the Beach Group (OTB) warns FY performance below the Board's expectations due to weak £ forcing it to increase prices while rivals protected by hedged FX.
Pennant (PEN) guides FY materially lower than market expectations with EBITA £1.8m. Blames delay to Ajax armoured fighting vehicle contract and to the Aviation Skills Partnership business. Curse of H2 weighting.


Notes (do not rely on the data)
OTB: Price=445.5. Cap=584m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
On The Beach Group is an online provider of holiday packages. It provides accommodation and flight bookings through its UK and Sweden based websites.
PEN: Price=77.98. Cap=28m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Pennant International Group is engaged in the delivery of integrated logistic support solutions. These comprise of simulation, virtual reality and computer based training systems, software solutions and Logistic Support Analysis Software.

* 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-Aug-19
Three warnings & a write-down

Benchmark (BMK) warns FY rev hit by continuing tough mkt and reduced trial income. Hopes to substantially offset the rev hit with better margin mix.
M&C Saatchi (SAA) investigation into lax accounting results in £6.4m write down. "We believe we have discovered the full extent of the issues" yet a further £1.5m reserved for further problems the independent investigation may find. Plus a £1.4m proerty write-down. Guides FY in line, exc. the write-downs.
Cambridge Cognition (COG) expands into China.
Mi-Pay (MPAY) warns FY behind market expectations. Blames uncertainties in the e-commerce payment market with respect to the adoption of new European wider Payment Services Directives (PSD2) in Sept and the current economic climate.
Tribal Group (TRB) data breach in Australia affecting 9300 people. Costs to Tribal are not expected to be material.
Mincon Group (MCON) H1 EPS up 16% but warns of margin pressure.
Feedback (FDBK) £2m placing at 1.2p, a 14% discount. 30% dilution. Will keep the lights on and complete the development of the Bleepa. CEO given more options. What a cheek.
Lok'nStore (LOK) FY trading - rev up 8.7%, 1% above F/C. No profit guidance.


Notes (do not rely on the data)
BMK: Price=51.55. Cap=290m. 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.
SAA: Price=339. Cap=309m. 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.
COG: Price=59. Cap=15m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Cambridge Cognition Holdings is a neuroscience digital health company specialising in the precise measurement of clinical outcomes in neurological disorders.
MPAY: Price=9.5. Cap=4m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Mi-Pay Group delivers outsourced online and related payment solutions to digital ecommerce clients in the mobile sector, enabling them to monetize their online proposition risk free.
TRB: Price=75. Cap=147m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Tribal Group is engaged in providing proprietary software products and related services to support the business needs of education, learning and training providers.
MCON: Price=95.01. Cap=NA. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Mincon Group is an engineering company. It is engaged in the designing, manufacturing, selling and servicing of rock drilling tools and associated products. The company also provides after sales support and service to customers.
FDBK: Price=1.36. Cap=5m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Feedback through its subsidiaries is engaged in providing medical imaging tools for clinical decision makers. It develops software and systems that provide techniques and workflows for practitioners involved in medical research and treating patients.
LOK: Price=521.3. Cap=155m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Lok'n Store Group is a self-storage services provider in the United Kingdom. It offers storage locations in the form of rooms, pallet storage, warehouse space and archiving units.

* 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-Aug-19


essensys (ESYS) guides FY rev ahead of market expectations at £20.5m and adj EBITDA at least in line at not less than £3.8m.
Card Factory (CARD) H1 trading a little weak with LFL up 1.5%. Guides FY profit broadly in line with its previous expectations


Notes (do not rely on the data)
ESYS: Price=165. Cap=79m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
CARD: Price=161.9. Cap=553m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Card Factory is a UK's specialist retailer of greeting cards, dressings and gifts. It focuses on the value and mid-market segments of the UK's large and resilient greeting cards market, & also offers small gifts and gift dressings.

* 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. 14-Aug-19


Gfinity (GFIN) gives up on Australian JV. All spending has been expensed so no write-off.
Green REIT (GRN) gets rec cash offer of €1.9135, a 25% premium.
Sports Direct (SPD) Grant Thornton resigns as auditor effective 11 Sept. A FTSE350 co w/o an auditor soon?
Xeros Technology Group (XSG) seeking to raise £5m to £10m. £10m is expected to fund the business through to cash breakeven. Progress on moving to licensing model.


Notes (do not rely on the data)
GFIN: Price=4.8. Cap=23m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Gfinity engages in the field of electronic sport (eSports) business. The company provides an online or live gaming platform to gamers from around the world. It manages an eSports arena in London and also provides online and offline gaming events.
GRN: Price=1.85. Cap=NA. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
SPD: Price=237.8. Cap=1264m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Sports Direct International along with its subsidiaries is engaged in retail, wholesale distribution and sale of sports and leisure clothing, footwear and equipment. It operates in three segments; Sports Retail, Premium Lifestyle and Brands.
XSG: Price=9.75. Cap=25m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Xeros Technology Group is a platform technology company that is reinventing water intensive industrial and commercial processes by reducing water and chemistry usage with its polymer technologies.

* 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. 15-Aug-19
Two tech tiddlers

Nanoco (NANO) gudes FY rev slightly ahead of mkt expectations. No profit guide.
TechFinancials (TECH) H1 rev $2m down 45%. Pretax loss about flat at $1.07m. Cash down to $1.23m. "Focus has been placed on our subsidiary Footies Ltd, a disruptive blockchain based ticketing venture for sports clubs and teams." Is there a need for this? I think not.


Notes (do not rely on the data)
NANO: Price=11.35. Cap=32m. 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.
TECH: Price=4. Cap=3m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
TechFinancials Inc through its subsidiaries is a software developer, supplying a trading solution to online brokers through whom its software is used by traders. It supplies software and services to brokers in the Binary Options market.

* 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-Aug-19


Corero Network Security (CNS) H1 trading: rev only $4.2m, down 16%, due to weak Juniper sales. Guides FY rev up 20% but increased EBITDA loss due to additional Corero direct sales investment of $1m. May need modest fund raise.
Real Good Food (RGD) FY rev down 3%, loss £32m (£27.5m) due to more write downs. "Current trading is in line with the Board's modest expectations." They've a lot to be modest about.
Equals Group (EQLS) £14m placing and £2m OO at 110p, a nil discount. Funds to accelerate corporate offering, facilitate market consolidation through bolt-on acquisitions and provide growth working capital. Trading is in line.


Notes (do not rely on the data)
CNS: Price=6.25. Cap=25m. 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.
RGD: Price=7. Cap=7m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Real Good Food is engaged in sourcing, manufacturing, and distribution of food to the retail and industrial sectors. Its products include sugar, baking ingredients, jams and sweet bakery products and among others.
EQLS: Price=107. Cap=177m. 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. 19-Aug-19
Quiet day

IXICO (IXI) guides FY materially ahead of market expectations.
PHSC (PHSC) moves to FY EPS breakeven from loss on rev down 25%. Outlook - Brexit concerns.
Dev Clever (DEV) 3-year commercial agreement with Toshiba Global Commerce Solutions (UK) to offer gamification platform to Toshiba's retail customers. No numbers.


Notes (do not rely on the data)
IXI: Price=33.65. Cap=16m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
IXICO is engaged in providing clinical trial services and technology to evaluate imaging endpoints to pharmaceutical companies.
PHSC: Price=10.6. Cap=2m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
PHSC PLC, through its subsidiaries provides health, safety, hygiene & environmental consultancy and training services to organizations across the UK.
DEV: Price=3.37. Cap=13m. 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. 20-Aug-19
MyFail staggers on at holders' expense

MyFail (MYSL) rescue placing at 2p, a 58% discount. Cost cutting, end own-brand clothes. "During the last 12 months the MySale business has contended with a series of significant challenges." And there was me thinking was just useless mgmt cratering the SP 90% in 12 months (even before this placing).
Cellcast (CLTV) as expected, will sell op biz for £375k (to mgmt) and become a cash shell. CEO, CFO & 1 other will leave on completion.
Argo Blockchain (ARB) rides the Bitcoin bucking bronco and will increase its electricity supply by 357% to make it "the world's largest publicly listed crypto miner by 2020".
Kin and Carta (KCT) guides FY pretax marginally lower than market expectations due to ncreased investment in its transformation agenda.
Omega Diagnostics (ODX) wins first order for VISITECT CD4 Advanced Disease test, from its Zim partner even though it has not yet been approved by UNITAID-funded Expert Review Panel for Diagnostics. Is the partner a related party? Worth checking.


Notes (do not rely on the data)
MYSL: Price=4.6. Cap=7m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MySale Group operates an online retail and wholesale business selling men's, ladies and children's apparel, accessories, beauty and homeware items.
CLTV: Price=1.5. Cap=1m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Cellcast is engaged in production and distribution of participatory television formats. The company is a provider of telephony technology for digital entertainment sector in the United Kingdom.
ARB: Price=7.95. Cap=23m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
KCT: Price=95. Cap=146m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
ODX: Price=8.19. Cap=11m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Omega Diagnostics Group provides in-vitro diagnostics (IVD) products for use in hospitals, blood banks, clinics and laboratories and specializes in the areas of allergy and autoimmune, food intolerance and infectious diseases.

* 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. 21-Aug-19
Titanic performance from GMS, not in a good way

Gulf Marine Services (GMS) warns FY EBITDA $45-$48m, down YoY. Huge gap between EBITDA & profit -2018 adj EBITDA $58m yet lost $5.1m. Captain walks the plank.
Brady (BRY) warns FY rev ~£19m. F/C is £24.3m.


Notes (do not rely on the data)
GMS: Price=9. Cap=32m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Gulf Marine Services is a provider of self-propelled, self-elevating accommodation jack-up barges in the Middle East and globally. The Company's business segments are Small Class vessels, Mid-Size Class vessels, Large Class vessels, and Other vessels.
BRY: Price=56. Cap=47m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Brady is a provider of trading, risk management and settlement solutions to the energy, metals, recycling and soft commodities sectors, through the delivery of client focused software 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. 22-Aug-19
Good wins for Goodwin

Castings (CGS) mixed AGM stmt. A slight softening in demand from majority of main commercial vehicle customers. However we continue to expect the result of CNC Speedwell to improve
Macfarlane Group (MACF) H1. Going concern stmt.
Goodwin (GDWN) FY pretax up 11%, div up 15%. No F/C on Stockopedia. Fwd order book up 94% "with yet more large long-term contracts, that we have been targeting over the past few years, still to be placed."


Notes (do not rely on the data)
CGS: Price=382. Cap=167m. 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.
MACF: Price=94.6. Cap=149m. 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
GDWN: Price=3500. Cap=252m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Goodwin is a manufacturing company serving the mechanical and refractory engineering. The company provides manufacturing and fabrication works for the oil, petrochemical, gas, LNG and water markets across international 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. 23-Aug-19
Eddie Stobart CEO naughty boy, suspended

Eddie Stobart (ESL) auditors finger aggresive accounting: writedowns, new rev recognition policy. Rev expectation for H1 broadly in line but full impact on adj EBIT 'unclear', likely to be significantly lower than anticipated. CEO sacked. Shares suspended.
Stilo International (STL) stiffs holders with proposed delisting. They kindly intend to buyback shares and make a tender at 1p, a 31% discount.
Real Good Food (RGD) new load will repay shareholder loans. No int rate but will but int payments by £0.25m PA.


Notes (do not rely on the data)
ESL: Price=70.44. Cap=267m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Eddie Stobart Logistics is a logistics and supply chain company. It provides transport, warehousing, rail and freight logistics services to United Kingdom and international customers.
STL: Price=1.33. Cap=2m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Stilo International is engaged in provision of specialist software and cloud services to automate content conversion into different XML standards. It provides solutions such as OmniMark, Migrate and AuthorBridge.
RGD: Price=6.33. Cap=6m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Real Good Food is engaged in sourcing, manufacturing, and distribution of food to the retail and industrial sectors. Its products include sugar, baking ingredients, jams and sweet bakery products and among others.

* 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. 27-Aug-19
Cognition needs think

Cambridge Cognition (COG) giuodes FY rev £5.5m (2018: £6.13m), loss £2.6m (£1.44m). Blames weak sales in the core clinical trials business, increased R&D. Will cut cists and 'improve commercialisation'. Wouldn't you always be iming to improve commercialisation? Plans to breakeven in Q4.
Renold (RNO) accounts investigation complete - only slightly worse than sated in July. Adj op profit for FY 2019 overstated by £1m.
Malvern (MLVN) secured loan of up to £6.6m to repay shareholder loan at an onerous 10% PA + 1.25% fee + warrants of up to 5% of cap. Lender is Boost & Co.


Notes (do not rely on the data)
COG: Price=61.53. Cap=15m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Cambridge Cognition Holdings is a neuroscience digital health company specialising in the precise measurement of clinical outcomes in neurological disorders.
RNO: Price=21.4. Cap=48m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Renold plc is an international group engaged in the manufacture of machinery related components, primarily conveyor chains and couplings. Its products are used in theme park rides, cement mills, agricultural machinery, and mining, among others.
MLVN: Price=2.49. Cap=7m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Malvern International is engaged in investment holding and provision of educational consultancy services.It provides the educational offering that is broad and geared towards preparing students to meet the demands of business and management.

* 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