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MrC's Smallcap Sweeps for June 2021

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MrContrarian
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MrC's Smallcap Sweeps for June 2021

#416503

Postby MrContrarian » June 1st, 2021, 7:50 am

Smallcap Sweep. 01-Jun-21


M&C Saatchi (SAA) guides FY ahead of consensus expectations after strong first 4 months. Also increased 3 year bank financing. [SP=128 Cap=156m]
Ten Lifestyle (TENG) client contract increased to Medium contract, with the potential to develop into Large. Also launch of new concierge programmes with a Scandinavian bank and a Fintech card product under an existing Medium contract. No material impact on H2 though. [SP=109 Cap=89m]
Avacta (AVCT) confirms rumour of error (by partner Mologic) in CE mark submission for professional use of rapid covid test. Does not expect that the error will cause a delay to first commercial sales. However the test referenced in a social media post was an unrelated Mologic covid test. [SP=236 Cap=598m]
Sareum (SAR) £900k subscription at 2.8p, a 8% premium, to progress SDC-1801 TYK2/JAK1 inhibitor drug development and to keep the lights on. [SP=2.56 Cap=85m]
Zaim Credit Systems (ZAIM) hails strong Q1 with loans issued up 34% on Q4. In line? "Focus of the Group is now to maximise growth and customer numbers over profitability and gain as much market share as possible over the near term." [SP=4.35 Cap=19m]
Sensyne Health (SENS) UK Gov't contract to use MagnifEye AI technology for reading COVID rapid tests. "Phased national roll-out over a three-month period in care homes, GP practices and selected private sector organisations with large workforces." [SP=151 Cap=249m]
Immotion (IMMO) all Covid related capacity restrictions lifted in Las Vegas, home to co's largest location-based installation. Also continues to see revenues recover strongly at Location-based Entertainment sites. [SP=5.65 Cap=23m]
Hyve (HYVE) confirms rumour of placing/funding talks. "Board will prioritise minimal dilution to existing shareholders as well as the optionality to move quickly as earnings accretive acquisition opportunities arise." [SP=131.4 Cap=348m]
Scholium (SCHO) guides H2(Mar) loss marginally lower than H1. Expects H1 loss too. [SP=30 Cap=5m]
National World (NWOR) after a superior torrent of MBA BS ('Delayering and flattening management structures'..commercially homogeneous markets ...leveraging existing Group resources') it finally says trading is in line. [SP=22 Cap=57m]
Avingtrans (AVG) second phase of the contract to provide high integrity stainless steel storage boxes for Sellafield, 'underpins' outlook for FY22 and beyond. [SP=330 Cap=106m]
Coral Products (CRU) guides FY(Apr) rev-cont at least £10.7m, up 23%, pretax £3m (-£0.8m). Current year in line. [SP=13.85 Cap=12m]

In line: OTAQ, CHH
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 June 2021

#416740

Postby MrContrarian » June 2nd, 2021, 7:32 am

Smallcap Sweep. 02-Jun-21


Amala Foods (DISH) development of plant-based products in JV progressing to plan. A lot of padding. Maybe they should sell padding, there's big demand. [SP=1.3 Cap=5m]
Belvoir (BLV) buys Nottingham Mortgage Services for £600k, immediately earnings accretive. [SP=246.25 Cap=87m]
St Peter Port Capital (SPPC) auction of assets taking 2 months longer than guided. [SP=3.5 Cap=2m]
Tandem (TND) rev up 24% Jan-May. Costs rising but profitability "considerably ahead of the prior year augmented by our cost base not yet returning to pre-COVID levels." In line? [SP=656.9 Cap=34m]
Active Energy (AEG) production of CoalSwitch has commenced in US and delivery to a power station for testing will start this week. [SP=0.69 Cap=27m]
Quantum Blockchain Technologies (QBT) hires expert to optimise mining. Co "believes that there are tangible and disruptive optimisations that can be made at multiple levels within the end-to-end Bitcoin mining process". Well they can't be tangible for a start can they? And disruptive? Do they really think one consultant can get a jump on the whole world working feverishly on this? [SP=1.3 Cap=13m]

In line: HSP
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: 1181
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Re: MrC's Smallcap Sweeps for June 2021

#416960

Postby MrContrarian » June 3rd, 2021, 7:31 am

Smallcap Sweep. 03-Jun-21


Advanced Oncotherapy (AVO) Letter of Intent for the proposed purchase of a three-treatment room LIGHT system worth up to US$107m. Parties aim for contract by March and is subject to LIGHT system getting CE mark. [SP=33.3 Cap=116m]
RA International (RAI) wins 2 year contract (with poss 2 year extention) worth c.$5m PA from US Agency for International Development. [SP=48.5 Cap=84m]
CyanConnode (CYAN) £3.15m placing at 9.5p, a 2% premium, to keep the lights on. [SP=9.45 Cap=18m]
Foxtons (FOXT) guides H1 adj op profit significantly ahead of both 2020 and 2019. In line? [SP=61.1 Cap=199m]
SThree (STEM) guides FY(Nov) pretax materially above market consensus of £39.7m. "High levels of demand in Life Sciences and Technology have been seen throughout the quarter and there have been continued strong performances from the US, German and Dutch businesses." [SP=424 Cap=566m]
Michelmersh Brick (MBH) production volumes have been ahead of expectations but still guides FY in line. [SP=146.94 Cap=138m]
Amryt Pharma (AMYT) FDA grants Priority Review for Oleogel-S10 for the treatment of Epidermolysis Bullosa. This cuts 4 months off review time. [SP=168.25 Cap=303m]
Braemar Shipping (BMS) FY(Feb) ahead of market exp with rev down 5% and pretax-cont £9.5m (£6.3m), reflecting the profit on the sale of shares held in AqualisBraemar of £2.2m. [SP=244.4 Cap=78m]

In line: ZAM, PEBB
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: 1181
Joined: November 4th, 2016, 2:45 pm
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Re: MrC's Smallcap Sweeps for June 2021

#417227

Postby MrContrarian » June 4th, 2021, 7:32 am

Smallcap Sweep. 04-Jun-21


GYG (GYG) PUSU offer deadline extended to 2 July. [SP=85.89 Cap=40m]
Supply@ME Capital (SYME) delays FY20 accounts pending new funding. Going concern a concern is it? [SP=0.42 Cap=144m]
Sportech (SPO) proposes move to AIM listing. [SP=29 Cap=55m]
Tungsten (TUNG) guides FY(Apr) rev (excl wound down Tungsten Network Finance) down 1% but up 1% at const FX. Adj EBITDA in line. "For March and April FY21 the combined transaction volumes increased by 9% versus the same period in FY20. This trajectory has continued into FY22." [SP=32.01 Cap=40m]
VR Education (VRE) new clients and Facebook has renewed its enterprise account and doubled the number of user licenses. No £££. [SP=16.5 Cap=43m]
Manx Financial (MFX) FCA approval to enter SME debt mgmt mkt "on behalf of those lenders who do not wish to manage the process for themselves." [SP=7.8 Cap=9m]
SpaceandPeople (SAL) FY(Dec). No current trading figs. States wrong FY at top. [SP=14.01 Cap=3m]


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: 1181
Joined: November 4th, 2016, 2:45 pm
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Re: MrC's Smallcap Sweeps for June 2021

#417810

Postby MrContrarian » June 7th, 2021, 7:39 am

Smallcap Sweep. 07-Jun-21


Accsys Technologies (AXS) Tricoya factory contractor serves notice to terminate the project by reason of force majeure arising out of the pandemic and stating that they plan to demobilise over the next two weeks. Tricoya UK may takie over the completion of the final stages earlier than planned. [SP=167.12 Cap=320m]
Avacta (AVCT) MHRA has confirmed registration of covid rapid test for professional use.in UK. [SP=239 Cap=606m]
Nuformix (NFX) gets US patent for "CRYSTALLINE TRANILAST SALTS AND THEIR PHARMACEUTICAL USE". This covers NXP002 - co's pre-clinical lead asset and a potential novel inhaled treatment for Idiopathic Pulmonary Fibrosis. [SP=1.98 Cap=12m]
EPE Special Opportunities (ESO) NAV 519.48p/sh. Also sells £15m of its Luceco shares. [SP=346 Cap=111m]
Omega Diagnostics (ODX)it's taking longer than expected for confirmation on which covid test it will be making for UK Gov't. . [SP=63 Cap=115m]
NetScientific (NSCI) will take responsibility for completing the validation and global commercialisation of a covid serology ELISA assay. "In return for providing access to the required intellectual property and technical know-how, AstraZeneca will receive a royalty fee on future Global net sales of the assay." [SP=76.12 Cap=11m]
Empiric Student Property (ESP) revenue occupancy for the current academic year remains at 65%. Bookings for the coming year are 40%, lower than in precovid cycles. £11m sale of asset in Exeter is ahead of book value. [SP=88 Cap=531m]
Idox (IDOX) pays £7.5m plus £m earn-out for Aligned Assets , a UK based public sector software business. Expected to be immediately earnings enhancing. [SP=61.4 Cap=273m]


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: 1181
Joined: November 4th, 2016, 2:45 pm
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Re: MrC's Smallcap Sweeps for June 2021

#418035

Postby MrContrarian » June 8th, 2021, 7:37 am

Smallcap Sweep. 08-Jun-21


Oncimmune (ONC) guides FY(May) rev £5.6m up 8x, in line with market expectations. Confident co will deliver mgmt rev expectations for FY22. [SP=205 Cap=142m]
Itaconix (ITX) last 5 months rev up 39%. "Strong revenue growth in odour control, continued growth in detergents, and a small decline in personal care." [SP=16.36 Cap=71m]
Nightcap (NGHT) LFL rev for last 3 weeks up 53% on 2019, significantly ahead of the Board's expectations. [SP=23 Cap=43m]
Filta (FLTA) US hospitality and leisure sectors reopening quicker than previously anticipated, UK more cautious than in the US but is now gathering momentum. In Europe, although the vaccine rollout has been slower, the hospitality and leisure sectors are now beginning to reopen. [SP=156.5 Cap=46m]
Omega Diagnostics (ODX) targeting approval by the end of July to allow covid rapid test to be sold in Europe for home-use. Partner Mologic in the final stages of preparing a submission to the FDA for point-of-care use. [SP=60.5 Cap=110m]
Amino Technologies (AMO) guides H1 rev up 19% and recurring rev up 37%. Confident in meeting FY expectations. [SP=148 Cap=123m]
PCI-PAL (PCIP) guides FY(June) rev up 60%, at least 5% ahead of market expectations of £6.7m. Adj pretax loss c.5% less than mkt exp of £3.80m. [SP=88.5 Cap=58m]
Xpediator (XPD) well placed to exceed FY(Dec) market forecasts. [SP=64.1 Cap=91m]

In line: FDBK
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: 1181
Joined: November 4th, 2016, 2:45 pm
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Re: MrC's Smallcap Sweeps for June 2021

#418289

Postby MrContrarian » June 9th, 2021, 7:46 am

Smallcap Sweep. 09-Jun-21
Gulf Marine Services torpedoes holders with 52% discount fundraise

Gulf Marine Services (GMS) £11m placing & OO at 3p, a disgraceful 52% discount, to cut debt. Why be 'pleased to announce' this? [SP=6 Cap=21m]
Seeing Machines (SEE) A$1m 5 year contract from CAE Australia to integrate precision eye-tracking technology for an Australian defence industry customer. [SP=9.6 Cap=365m]
Tungsten (TUNG) CEO scarpers, new one appointed. He is thanked. [SP=38.5 Cap=49m]
CloudCoCo (CLCO) CFO scarpers 'for personal reasons'. He is thanked. [SP=1.48 Cap=7m]
Slingsby (SLNG) Jan-Apr rev up 6% cf 8% Jan-Mar. Margin still under pressure, likely to persist. "Whilst the Group's sales grew in 2020 due to demand for Coronavirus related products, the Group has not experienced the same level of orders in April and May 2021...also heightened potential for credit related issues should customers become insolvent.." [SP=221 Cap=3m]
Yourgene Health (YGEN) licence and supply agreement with a leading US precision medicine co for an initial term of three years from Apr 2022. Licenses Flex Analysis Software. Co will supply sample preparation reagents and instrumentation to support the planned launch of a new clinical reproductive health screening service across all US states. "We look forward to enabling our partner to launch a competitive clinical offering into the US market in 2022 and we anticipate that this partnership will generate accretive multi-million dollar revenues for Yourgene in the years to follow." [SP=13.39 Cap=97m]
Itaconix (ITX) £1.1m placing at 12.1p, a 3% disc, for working capital and new product development. [SP=12.55 Cap=54m]
SIMEC Atlantis Energy (SAE) re SIMEC UK Energy Holdings (the major shareholder of SAE) - proceedings to challenge the validity of the receiver's appointment. Also receivers apply for a waiver from the Singapore Securities Industry Council which requires them to make a mandatory general offer for SAE. [SP=6.95 Cap=36m]
Newmark Security (NWT) H2 broadly in line with management's expectations. Guides FY(Apr) down 6% and a marginal profit. Outlook 'optimistic'. [SP=1.15 Cap=6m]
Blancco Technology (BLTG) guides FY(June) rev in line, adj operating profit and cash significantly above mgmt expectations. [SP=270 Cap=204m]
Remote Monitored Systems (RMS) gives up on Gyrometric Systems and hands it back to founders for nominal sum, cancels loan. "Gyrometric has some world class technology and a number of potential opportunities exist to exploit this intellectual property. However, it would have required significant investment over the next 12 months to take advantage of these opportunities." [SP=1.25 Cap=26m]
Dev Clever (DEV) Indian JV student careers platform has now gone live. Also "recently secured a material Indian contract valued at $1.5m, to implement the Company's Immersive Careers guidance and STEM-based virtual reality educational library at schools under central and state governments in India." [SP=25.5 Cap=152m]

In line: ANX
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 June 2021

#418527

Postby MrContrarian » June 10th, 2021, 7:42 am

Smallcap Sweep. 10-Jun-21


Ergomed (ERGO) guides FY rev in line and adj EBITDA materially ahead of market expectations. [SP=1199.28 Cap=585m]
Norcros (NXR) FY(Mar) rev in line. U/L EPS up 10%, FY div 8.2p (3.1p). Recent 2 months rev up 23% on 2019. [SP=319 Cap=258m]
DFS (DFS) guides last 10 weeks order intake up 92% on 2019; first 49 weeks of FY up 10%. Guides FY U/L pretax at least £105m. Guides FY22 pretax £66m-£96m, materially ahead of analyst consensus of £61.4m. [SP=275 Cap=711m]
NetScientific (NSCI) £7m placing at 130p, a 10% disc, for working cap and growth. [SP=149 Cap=22m]
Amigo (AMGO) still begging the FCA on its knees to give it some leniency in compensating borrowers. This could result in a revised scheme of arrangement or insolvency. [SP=8.15 Cap=39m]
Sopheon (SPE) AGM stmt - "Visibility for the full year 2021 now stands at $28m, compared to $23.2m at the time of our AGM announcement last year, which is very encouraging". [SP=888 Cap=93m]
TruFin (TRU) its partner (I think) Satago extends commercial pilot with Lloyds Bank to enable pilot testing to be concluded. If successful it will lead to a five-year commercial agreement. [SP=84.69 Cap=68m]
Wilmington (WIL) strategic review result - co "will focus on governance, risk and compliance ("GRC") and Regulatory Compliance and will structure and report its business as two strategic divisions". New vision is "Helping our customers to do the right business in the right way". Crikey, that's lame. [SP=197.45 Cap=174m]
M. P. Evans (MPE) AGM stmt - fresh fruit bunches in last 5 months up 24%. Crude palm oil equivalent production up 25%. Some ESG guff. [SP=740 Cap=404m]

In line: CPX, MMAG
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: 1181
Joined: November 4th, 2016, 2:45 pm
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Re: MrC's Smallcap Sweeps for June 2021

#418760

Postby MrContrarian » June 11th, 2021, 7:32 am

Smallcap Sweep. 11-Jun-21


Sigma Capital (SGM) rec offer of 202.1p, a 36% premium. [SP=149 Cap=134m]
Van Elle (VANL) guides FY(Apr) rev up 1% and adj loss slightly ahead of consensus ."Most divisions have seen a strong recovery in activity levels and were operating at near capacity in the last two months." [SP=46.1 Cap=49m]
Universe (UNG) 3 year extension of an existing contract with a major UK based supermarket for the provision of forecourt payment. Trading in line. [SP=4.91 Cap=13m]
Warpaint London (W7L) AGM stmt - trading "encouraging and we are particularly pleased with the performance in the UK where sales of our brands for the first five months of the year are up 64% compared to the same period in 2020 and up 18% compared to the same period in 2019" [SP=143 Cap=110m]
Robert Walters (RWA) guides FY(Dec 21) materially ahead of current market expectations. [SP=694 Cap=530m]
NWF (NWF) guides FY(May) profit ahead of the market expectations which were established before the pandemic. Cites strong sales of fuels. [SP=199.83 Cap=98m]
Plutus PowerGen (PPG) suspended pending proposed RTO of Ben's Creek Carbon which has "deep well mines which are operationally ready and the Target has direct access to domestic markets through the Norfolk Southern rail network and to export markets through the Lambert's Point Export Terminal in Norfolk, Virginia". [SP=0.02 Cap=1m]
Mind Gym (MIND) FY(Mar) in line with guidance. Guides FY22 rev at least pre-COVID FY20 level and profit break-even "as we continue to make significant investment in our digital offer, with an anticipated return to profitability in FY23". [SP=160.78 Cap=160m]
IQ-AI (IQAI) gets US patent for synthetic T1+C ("Gad-Free") software application. "The 0% contrast dose approach offers remarkable benefits which include a more comfortable patient experience, and the alleviation of potential problems arising from the long-term effects of repeated Gadolinium-based contrast agent " [SP=7.97 Cap=14m]


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: 1181
Joined: November 4th, 2016, 2:45 pm
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Re: MrC's Smallcap Sweeps for June 2021

#419380

Postby MrContrarian » June 14th, 2021, 7:47 am

Smallcap Sweep. 14-Jun-21


Kromek (KMK) wins $6m contract from US DARPA to further develop its bio-threat detection system over 28 months. [SP=15 Cap=65m]
NMCN (NMCN) cash-strapped construction co guides FY loss due to "performance issues in the Group's Building business unit and challenges on two loss making contracts in Water". Refinancing talks. [SP=169.25 Cap=18m]
Faron Pharmaceuticals (FARN) gets US patent for novel precision cancer immunotherapy drug candidate, bexmarilimab. Bexmarilimab is currently being investigated in the ongoing Phase I/II MATINS trial. [SP=367.16 Cap=184m]
Tavistock Investments (TAVI) 10-year strategic partnership with Titan Wealth Also Titan to acquire Tavistock Wealth Limited dfor up to £40m (=6.58p per TAVI share), together with a ten-year earn out. [SP=2.56 Cap=16m]
Mode Global (MODE) partners with THG for payments launch. "Mode will leverage [naturally] the power of Bitcoin and Open Banking to bring an innovative payments and rewards experience to THG's customers, enabling them to make instant payments, earn Bitcoin rewards, and receive personalised offers, all in one app...Major UK websites including Myprotein and Lookfantastic will begin to accept Mode in Q3 2021." [SP=48.3 Cap=44m]
SAGA (SAGA) AGM stmt. "Reduced insurance claims frequency continues; expected benefit to first half current year loss ratio of at least 500bp...Cruise load factors strong at 77% and 48% for 2021/22 and 2022/23; per diems ahead of expectations...Tours bookings represent 60% and 27% of the revenue targets for 2021/22 and 2022/23...Cash burn rate for the year to date at the lower end of the guidance of £7m-£9m/month. [SP=410.4 Cap=575m]
Synectics (SNX) H1(May) trading sounds in line. [SP=129.58 Cap=24m]
Esken (ESKN) sale of Stobart Air and Carlisle Lake District Airport fails because purchaser hasn't raised funds. Stobart Air will be liquidated. Will try to sublease the 8 ATR planes. £18m hit in FY22, £22m in FY23 and £2m in FY24. Will focus on energy business and Southend Airport. Esken will look to exit from all other non-core infrastructure assets - net book value c. £39m. [SP=31 Cap=196m]


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: 1181
Joined: November 4th, 2016, 2:45 pm
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Re: MrC's Smallcap Sweeps for June 2021

#419608

Postby MrContrarian » June 15th, 2021, 7:55 am

Smallcap Sweep. 15-Jun-21


Access Intelligence (ACC) £50m placing and £2m PrimaryBid offer at 120p, an 11% disc, to fund purchase of Isentia, an AUstralian media intelligence insights company. [SP=132.88 Cap=113m]
APQ Global (APQ) FD scarpers. He is thanked. [SP=14 Cap=10m]
Westminster (WSG) wins 20 year managed services contract to provide security services to 5 airports in the Democratic Republic of the Congo. Worth 'multi million $'. [SP=4.7 Cap=13m]
Kin and Carta (KCT) guides FY(July) rev up 10% and U/P pretax up 35-40%, comfortably ahead of market expectations. Net debt to EBITDA ratio down to 1x, "Based on current performance and backlog of orders, the Company anticipates accelerating growth in net revenue to circa 20% and improving underlying operating margin of 12-13% for the following FY." Pensions: technical funding deficit £8.8m (2019: £28.4m). [SP=198 Cap=341m]
D4T4 Solutions (D4T4) lauches Celebrus Fraud Data Platform which 'overcomes the widespread industry challenge of the need for better real time data'. [SP=337.11 Cap=136m]
AIQ (AIQ) cost cuts include 20% off board and senior management fees. [SP=8.07 Cap=7m]
K3 Capital (K3C) guides FY(May) rev £46m and adj EBITDA at least £14.25m, above prev guidance. Adj EBITDA significantly ahead of market expectations. COnsensus is rev £45.02m, adj EBITDA £13.27m. [SP=369.44 Cap=254m]
International Personal Finance (IPF) significantly stronger rebound in profitability in 2021 than was expected due to very strong collections performance. [SP=127 Cap=284m]
SigmaRoc (SRC) JV in Benelux and Northern France with a quarried materials group. [SP=92.05 Cap=258m]
BATM Advanced Communications (BVC) wins cyber security contract worth $4.1m, of which more than half will be delivered in the current year. [SP=79.3 Cap=351m]
MobilityOne (MBO) guides FY(Dec) rev up 46% and pretax £2.26m (£1.08m). Granted extension for FY accounts till end Sept! [SP=45 Cap=48m]
Ramsdens (RFX) H1(Mar) looks in line. Passes div. "Pawnbroking gross profit decreased 26% to £3.5m (HY20: £4.7m) as a result of the loan book falling as customers repaid their loans during lockdown and subdued demand for new loans." [SP=159.5 Cap=50m]
Redcentric (RCN) FY delayed by 3 weeks due to covid. Will be in line. [SP=145 Cap=226m]

In line: NBI, TPFG, BOO
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
Lemon Quarter
Posts: 1181
Joined: November 4th, 2016, 2:45 pm
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Re: MrC's Smallcap Sweeps for June 2021

#419844

Postby MrContrarian » June 16th, 2021, 7:46 am

Smallcap Sweep. 16-Jun-21


Time Finance (TIME) guides FY(May) New business origination down 30%, adj pretax flat at c. £3m. Deal arrears at below pre-pandemic levels. Strategic Update: more than double the Group's gross lending book organically; focus on funding on the Group's own balance sheet wherever possible... [SP=30.7 Cap=28m]
Diaceutics (DXRX) KPI update: Over 40% of sales pipeline generation for Q2 is currently represented by DXRX-enabled products; 16% increase in average sales prices per project for Pharma clients; 10% increase in Gross Margin %... [SP=124.25 Cap=104m]
Filta (FLTA) AGM stmt: continues to experience an increasing level of demand. Strong growth in US. UK reopening more cautious, some momentum building. Europe lagging. [SP=180 Cap=52m]
N Brown (BWNG) ongoing litigation with Allianz Insurance: "not possible to reliably estimate the amount of any potential financial outflow and has, therefore, not made provision for this claim at this time and instead a contingent liability has been disclosed...in Annual Report." [SP=63.3 Cap=291m]
Elixirr (ELIX) guides FY(Dec 21) in the upper range of £44-47m guidance. That's Grreat. [SP=558.5 Cap=258m]
Electra Private Equity (ELTA) listing prep proceeding as planned. TFI Fridays LFL since re-opening up 12.5% on 2019. Lots more. [SP=587.3 Cap=229m]
Westminster (WSG) wins 10 year managed service contract in Liberia. Worth $1.1m in first 12 months. Deployment expected to be completed within 18 months. [SP=5.7 Cap=16m]
ScS (SCS) guides FY(June) ahead of market expectations as Apr - Jun LFL orders up 79% on 2019. Restarts divs with 3p interim. Guides FY22 substantially better than market forecasts. SP rose strongly after recent DFS trading stmt. [SP=286.63 Cap=109m]
Mercantile Ports & Logistics (MPL) bargepole tinpot renegotiates debt interest from 13.45% to 9.5%, commencement of the amortisation of the principal loan amount has also been extended by 24 months. [SP=0.53 Cap=10m]

In line: FA., CTG
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 June 2021

#420087

Postby MrContrarian » June 17th, 2021, 7:43 am

Smallcap Sweep. 17-Jun-21


Seeing Machines (SEE) its Driver Monitoring System now an option on 5 more GM cars, [SP=9.5 Cap=361m]
Open Orphan (ORPH) FY(Dec) rev £22m, net loss £10.8m. Looks a miss. Can't find a trading update despute having 6 months to do so. ORPH coughs up an RNSs almost every week! Distribution in specie of Poolbeg: Poolbeg will list on AIM. [SP=35 Cap=235m]
Filtronic (FTC) guides FY(May) rev £15.6m, broadly in line, but EBITDA lightly ahead of market expectations. at £1.8m. [SP=11.58 Cap=25m]
Loungers (LGRS) rev since indoor opening up 27% LFL on 2019. [SP=268 Cap=275m]
Midatech Pharma (MTPH) breakthrough in vitro data on the successful encapsulation of a biologic using Q-Sphera technology. Also "ignificant progress across multiple other R&D programmes". [SP=22 Cap=14m]
Fulcrum Utility Services (FCRM) £5.5m contract for powering a new 22-hectare renewably heated vegetable growing facility. That's a greenhouse. [SP=33.15 Cap=74m]
Funding Circle (FCH) has sold the SME loans in its two US warehouses for c.£63m, a Fair Value gain of c.£4m. [SP=158 Cap=562m]
Toople (TOOP) H1(Mar). Outlook "trading has returned to more normalised levels and we are now beginning to see growth return to our sales leads and conversion rates. We expect this trend to continue and have increased our sales force head count by over 30%". [SP=0.06 Cap=2m]
Volex (VLX) FY(Apr). Outlook "strong start to the new year across all regions with continued momentum in Electric Vehicles and Complex Industrial Technology" [SP=354.5 Cap=558m]

In line: BWNG
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 June 2021

#420336

Postby MrContrarian » June 18th, 2021, 7:34 am

Smallcap Sweep. 18-Jun-21


Smartspace Software (SMRT) wins contract for SwipedOn to be installed at 150 sites initially. It "reinforces current Group forecasts". [SP=152 Cap=44m]
DP Poland (DPP) FY(Dec). Trading Delivery sales up 14% and 28% on 2019 - "satisfactory top-line performance considering the circumstances, LFL System Sales YTD21 are flat compared to YTD20 (and 5% lower compared to YTD19)." [SP=9.99 Cap=58m]
VR Education (VRE) [last night] £7.7m placing at 16p, a 17% discount, to expand. [SP=18.04 Cap=47m]
Westminster (WSG) [last night] £2.5m placing at 5.7p, a 2% premium, for "working capital to support the growth and delivery of the recently secured contracts, which require upfront capital investment". [SP=5.6 Cap=16m]


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 June 2021

#421064

Postby MrContrarian » June 21st, 2021, 7:37 am

Smallcap Sweep. 21-Jun-21
90% discount placing

Georgia Capital (CGEO) recent trading significantly in excess of mgmt expectations, partly supported by the strength of the Georgian economy. [SP=635 Cap=306m]
Velocys (VLS) first commercial flight to use sustainable aviation fuel derived from gasified wood-chips, produced in a Velocys FT reactor. [SP=5.62 Cap=60m]
NMCN (NMCN) desperate tinpot rescued in proposed £24m refinancing: £14m placing at 20p, a 90% discount, and £10m interim convertible bridging loan. Also £5m OO. [SP=196.25 Cap=20m]
Avacta (AVCT) distribution agreement with Calibre Scientific, a global provider of life science products, for AffiDX lateral flow test for professional use in the UK and EEA. [SP=213.8 Cap=542m]
Amino Technologies (AMO) to change name to Aferian, to reflect new strategy to become a software-driven growth business. Ticker AFRN from tomorrow. Have they nothing better to do? [SP=163.33 Cap=137m]
Remote Monitored Systems (RMS) UK distribution agreement for a new range of high-grade retail hydroponic nutrients. Contains nano particles. [SP=0.91 Cap=19m]
Wameja Limited (WJA) long-delayed sale of share of Homesend to Mastercard signed by all parties. Holders will get 8p eventually. [SP=7.6 Cap=170m]

In line: IKA
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 June 2021

#421326

Postby MrContrarian » June 22nd, 2021, 7:46 am

Smallcap Sweep. 22-Jun-21
G4M upgrades again

Trackwise Designs (TWD) FY(Dec). New contact with UK EV mfr "extended from three to four years, with a significant increase in expected volumes and potential value. First material revenues from the contract are now expected in H1 2022 rather than 2021." Worth £54m max. [SP=227.8 Cap=65m]
Surgical Innovations (SUN) AGM stmt: "signs of recovery as a number of key healthcare markets begin to resume elective surgery at close to pre-covid levels." Rev in Jan-May only 20% down on 2019. [SP=3.24 Cap=30m]
LPA (LPA) confirms the contract award to supply 165 new build carriages with LED lighting systems. It's in line with mgmt exp. [SP=70 Cap=9m]
Audioboom (BOOM) guides FY(Dec) rev significantly ahead of market expectations. "High demand for premium advertising inventory which has enabled the Company to increase average ad unit pricing by 22%." [SP=900 Cap=142m]
Proton Motor Power Systems (PPS) MoU with Electra Commercial Vehicles to integrate Proton's fuel cell systems into its trucks. Electra can only make c.200 trucks PA but is planning to expand capacity. [SP=55 Cap=426m]
Morses Club (MCL) Home Collected Credit credit issued 16% ahead of budgeted plan. "The significant increase in both demand and volume for longer and shorter-term digital lending products has led to the lengthening of the maturity profile of the loan book." [SP=85.2 Cap=113m]
Scancell (SCLP) COVIDITY covid vaccines preclinical data supports move to Phase I trials. "Versatile and efficient approach can potentially protect against covid variants of concern." [SP=21.4 Cap=174m]
Gear4music (G4M) FY(Mar) as per trading stmt. Guides FY22 likely to be ahead of mgmt exp. [SP=928 Cap=194m]
Novacyt (NCYT) FY(Dec). DHSC dispute: "if required, it should be possible to replace the product in dispute and a product warranty provision has been made accordingly. The Board's best estimate of the cost to replace is up to a maximum of £19 8m." Assumes DHSC's claim for a refund fails. Nnpaid invoices total £73m. [SP=357.5 Cap=322m]

In line: OPG, FEN, GOOD
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 June 2021

#421502

Postby MrContrarian » June 23rd, 2021, 7:40 am

Smallcap Sweep. 23-Jun-21
Joules energised

Joules (JOIL) guides FY(May) U/L pretax £5.5-6.5m, ahead of forecasts of £5.2-5.3m. Rev up 4% Stores have performed ahead of mgmt expectation since re-opening. Garden Trading has traded ahead of mgmt expectation since acquisition in Feb. [SP=NA Cap=NA]
Mercantile Ports & Logistics (MPL) wins 10y port contract. Worth c. £7m in first 3 years. [SP=0.56 Cap=11m]
Anexo (ANX) possible offer of 150p, a 9% premium. DD proceeding. [SP=136.25 Cap=158m]
Vertu Motors (VTU) guides FYadj pretax £28-32m, above current expectations. due to shortage of new cars driving an exceptional wholesale pricing environment for used cars. [SP=45.9 Cap=169m]
Touchstar (TST) YTD performance exceeded mgmt exp. "We expect a strong first half performance to, at a minimum, underpin the full year results." Will update guidance in interims in Sept. [SP=78.5 Cap=6m]
Maestrano (MNO) first USA contract, with Union Pacific Railroad. It's "the first of several "Pilot" projects, engineered to demonstrate both the efficient data capture process and rapid Artificial Intelligence analysis of the resulting digital "point clouds"." [SP=12.77 Cap=22m]
AFC Energy (AFC) H1. Expects multiple new system orders in H2. After covid delay, a fuel cell system now on track for dispatch to ACCIONA in Q4 2021. [SP=59 Cap=432m]
Allied Minds (ALM) share buyback up to $3m. [SP=20.4 Cap=49m]
Amala Foods (DISH) £540k loan facility extended to to Q1 2022. "This will enable to the Company to achieve initial commercial traction." They hope. Has used £200k so far. [SP=1.11 Cap=4m]

In line: DCTA, SPA, LSL
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 June 2021

#421504

Postby MrContrarian » June 23rd, 2021, 7:58 am

I got the ticker wrong for Joules: JOUL

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Re: MrC's Smallcap Sweeps for June 2021

#421803

Postby MrContrarian » June 24th, 2021, 7:46 am

Smallcap Sweep. 24-Jun-21


Spectral MD (SMD) wins 2-year, $1.1m from US Gov't to develop a new sensor for early burn wound healing assessment. [SP=60.5 Cap=NA]
Robinson (RBN) Jan-May rev up 17%, 2% organic but profit well behind due to high resin prices, as per FY RNS. "Whilst many of our customers have been supportive, accepting price increases outside of contractual resin escalators, the impact is not sufficient to offset the lag effect of additional material costs in the first half." [SP=136.75 Cap=23m]
Wincanton (WIN) contract extensions from Ikea to operate 2 customer distribution centres. [SP=420 Cap=523m]
Tandem (TND) AGM stmt: rev up 14% in last 25 weeks. order book £34.7m (£10.7m) boosted by bicycle customers ordering much further forward than usual. [SP=595 Cap=31m]
Allergy Therapeutics (AGY) guides FY(June) op profit well ahead of market expectations. "Cost savings have been driven by COVID-19 related restrictions to travel and a reduction in scientific conference attendance, as well as delays to some commercial projects into 2022." Also some R&D costs delayed. [SP=24.6 Cap=158m]
Remote Monitored Systems (RMS) Indian distributor for anti-viral masks with an initial order for 350k masks. [SP=0.89 Cap=19m]
Diaceutics (DXRX) wins contracts worth c. £1m in 2021 for Inherited Retinal Disease mapping using its diagnostic commercialisation platform. [SP=128.14 Cap=108m]
Verditek (VDTK) theft of c. £300k of stock from Italy facility. [SP=2.85 Cap=10m]
Westminster (WSG) AGM stmt is a self-congratulatory roundup including a NED "being Knighted by the French Ambassador in Ghana, on behalf of the President of France, Emmanuel Macron, at a ceremony held at the Residence of France in Accra, Ghana, on 17 June 2021. The ceremony was attended by a number of dignitaries...". [SP=5.7 Cap=16m]
Xeros Technology (XSG) licenses filtration technology to one of the world's largest manufacturers of commercial laundry equipment. [SP=229.04 Cap=54m]
Vitec (VTC) guides H1 adj pretax not less than £19m. Expects FY pretax materially above current market consensus of £35.6m. [SP=1230 Cap=568m]
Petards (PEG) wins 2 year contract extension worth over £0.5m. [SP=12.13 Cap=7m]
Augean (AUG) offer PUSU deadline extended 4 weeks. [SP=281.8 Cap=296m]
James Latham (LTHM) FY(Mar) rev up 1%, pretax up 18%. Final div 15.5p (10p). Outlook: "Whilst the supply side remains challenging we would expect our margins to be better than normal for the next few months, but returning to normal after that". [SP=1080 Cap=215m]

In line: STM
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: 1181
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Re: MrC's Smallcap Sweeps for June 2021

#422108

Postby MrContrarian » June 25th, 2021, 7:30 am

Smallcap Sweep. 25-Jun-21


Remote Monitored Systems (RMS) 5-ply version of Pro-Larva anti-viral mask, developed with Volz Filters UK, approved by the UK's Medicines and Healthcare products Regulatory Agency. Has extra anti-bac layer. [SP=1.04 Cap=21m]
Mirriad Advertising (MIRI) 2 year agreement with China's Tencent to further scale in-content advertising. [SP=45.33 Cap=126m]
Amigo (AMGO) totters on with a further extension of the securitisation facility performance trigger waiver period, to Sept. [SP=8.74 Cap=42m]
Marshall Motor Holdings (MMH) FY U/L pretax likely to be significantly ahead of current market expectation after recent unprecedented used vehicle value appreciation and favourable demand-to-supply conditions for both new and used vehicles. No surprise after Vertu's upgrade this week. [SP=187 Cap=146m]
Inspiration Healthcare (IHC) AGM stmt: start to FY "has been more than pleasing". That's a new one. Confident. [SP=130 Cap=89m]
Capital & Regional (CAL) seeing improving momentum on both leasing and our rent collection statistics. Occupancy 'robust' at 89%. [SP=74.6 Cap=83m]
Xpediator (XPD) hikes FY(Dec) adj pretax guidance to over £8.5m as strong trend continues. [SP=72.24 Cap=102m]
UP Global Sourcing (UPGS) [last night] £15m placing and PrimaryBid offer at 2.3% discount to buy Salter. [SP=214 Cap=176m]
Angle (AGL) [last night] £20m placing at 7% discount. [SP=125 Cap=270m]


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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