Good morning all,
First up, there is a profit warning this morning from medical equipment firm Lidco (LON:LID):
http://www.investegate.co.uk/lidco-group-plc--lid-/rns/trading-update/201408180700083331P/
a lack of sales to its distributor in Japan, and therefore this growth, and the results, will be below previous expectations. The Company also remains on track to be debt free by the year end, as previously anticipated.
...
expects to report further growth in both revenues and profits in the year to 31 January 2015
the company is expecting around 10% less sales for the first half. Japan and the UK have gone into reverse but the US is storming ahead, with sales up more than 40%. The company still expects to show profit growth over the full year. So hardly terminal then.
The problem is that a huge increase in profit was forecast. AIM Prospector gave the company a write-up back in July edition here:
http://issuu.com/aimprospector/docs/201407_issuu_aimprospector/c/s8pcumh,http://bit.ly/1tehhTc
Shares in Cloudbuy (LON:CBUY) are up again this morning on an announcement of a partner in the Middle East to sell their software:
http://www.investegate.co.uk/cloudbuy-plc--cbuy-/rns/partnership-with-duc-consulting-international/201408180700093337P/
it feels like the market is starting to believe in this company again.
Alternative finance provider GLI Finance (LON:GLIF) announces a NAV and trading update:
http://www.investegate.co.uk/gli-finance-limited--glif-/rns/nav-and-trading-update/201408180700073228P/
This firm has secured a niche among investors looking for yield. According to Stockopedia data, the company is forecast to pay a 9.6% dividend this year. NAV is down a touch.
The announcement ends with what reads like an exciting possibility:
We are also in discussions with a number of national and supra-national institutions on the provision of SME finance in their particular areas.
looks well deserving of further research.
Textiles firm Leeds (LON:LDSG) announces final results here:
http://www.investegate.co.uk/leeds-group-plc--ldsg-/rns/final-results/201408180700042517P/
Everything pretty much looks ahead, debt is eliminated and NAV is now pushing 51p. That's well ahead of the share price. So Leeds looks like a profitable firm trading at a big discount to assets so is probably even more worthy of research than GLI Finance (LON:GLIF).
There is a disappointing trading update from security solution firm Red24 (LON:REDT):
http://www.investegate.co.uk/red24-plc--redt-/rns/trading-update/201408180700083343P/
One large customer has made some changes, resulting in the loss of contribution to profit before tax of up to approximately £250,000. The company made a net profit of £0.8m…
