Good morning!

Vislink (LON:VLK)

Share price: 48.6p
No. shares: 122.6m
Market Cap: £59.6m

(at the time of writing I hold a long position in this share)

Trading update - good news for shareholders here, as the company reports trading for 2014 ahead of expectations;

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The recently acquired "Pebble Beach" software company appears to be driving overall out-performance.

Valuation - Vislink has a high StockRank, of 91, and the PER (based on broker forecasts) looks modest:

54f6e4084145cVLK_valn.PNG

My opinion - this is encouraging news today, and more will be revealed with results due on 24 Mar 2015.


Cambridge Cognition Holdings (LON:COG)

(at the time of writing I hold a long position in this share)

USA office opening - the company today says it is opening an office in the USA, and refers to increasing demand, which sounds promising - see highlighted bit below;

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On the other hand though, another office means more overheads & higher cash burn, initially at least.


Coalfield Resources (LON:CRES)

Placing & Open Offer - this is an interesting one. The company owns 25% of a property group, called Harworth Estates, which owns 27,000 acres of development land. A deal has been done to acquire the remaining 75% of Harworth, and change the name of the listed company from Coalfield Resources, to Harworth Group plc.

A Placing has been done at 7.25p per share, and the NAV of the enlarged group will be 9.0p per share.


Anpario (LON:ANP)

Final results for calendar 2014 look good, here are the highlights from today's announcement;

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I note that turnover was only up 2.4%, to it looks as if the profit improvement has come mainly from improved margins, since gross profit was up 7.9%.

The reported EPS figure of 15.6p appears to be well ahead of broker forecast of 13.5p, which seems to have pleased the market, with the shares up 5.5% to 300p this morning.

Balance sheet - is excellent, no problems here at all! The company has surplus cash, reporting cash of £6.6m, and no debt.

My opinion - this looks a nice company. With hindsight, there was a good oppportunity to buy these shares last summer/autumn, but with the price now back…

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