AIM Prospector morning thoughts (LID, CBUY, GLIF, LDSG, REDT)

Monday, Aug 18 2014 by
3

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…

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Disclaimer:  

Blackthorn Focus, publishers of AIM Prospector, may have enjoyed past, or seek future, commercial relationships with companies featured.

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LiDCO Group Plc is a United Kingdom-based supplier of non-invasive and minimally invasive hemodynamic monitoring equipment to hospitals. The Company is engaged in the development, manufacture and sale of cardiac monitoring equipment. It operates in the segment of supply of monitors, consumables and support services associated with the use of its cardiac monitoring equipment. The Company's products include LiDCOplus, a computer-based platform monitor; LiDCOrapid, a cardiac output monitor; LiDCOview, a graphical display, and LiDCOunity, which is its hemodynamic monitor. Its LiDCOrapid is designed for multi-parameter monitoring of both depth of anesthesia and fluids. Its products are used in the treatment of high-risk patients in both critical care units and in the operating theatre. They monitor the amount of blood flowing around the body helping clinicians and nurses to ensure that organs are kept perfused with oxygenated blood by the adjustment of supportive fluid and drugs. more »

LSE Price
4.9p
Change
 
Mkt Cap (£m)
12.0
P/E (fwd)
n/a
Yield (fwd)
n/a

cloudBuy plc is a provider of an integrated software platform for e-procurement and e-commerce for the trading of goods and services between purchasers, such as public sector bodies and their suppliers, along with the analysis and coding of spend and product data. The Company's operating segments include Company Formation Services, Web and ecommerce services and Coding International Limited. It also provides services to new businesses, including incorporation, company secretary services and filing annual returns, using its software platform. Its solutions include e-commerce Marketplaces, e-commerce Websites, Purchasing Portals, SpendInsight and Company formations. SpendInsight service provides regular analysis of any company's historical spend data. It offers a range of Website packages from templated solutions to Intranets and global business-to-business (B2B) e-commerce sites. The cloudBuy platform enables rapid extension of its solutions and development of new applications. more »

LSE Price
1.98p
Change
 
Mkt Cap (£m)
2.6
P/E (fwd)
n/a
Yield (fwd)
n/a

GLI Finance Limited provides finance to small and medium sized enterprises (SMEs). The Company's objective is to produce a stable and predictable dividend yield, with long-term preservation of net asset value, and its investment policy is to invest primarily in senior secured loans. The Company provides loans to SMEs through various finance platforms. The Company offers the United Kingdom and the United States SME lending, offshore lending, the United Kingdom and European Invoice Discounting, supply chain finance, global trade finance and the United Kingdom property-backed lending. The Company invests in a range of alternative finance platforms, which are all focused on the small and medium enterprise segment. Its platforms provide finance solutions to the SME segment in three continents: North America, Europe and Africa. The Company's subsidiaries include GLI Asset Management Limited (GLIAM), GLI Alternative Finance Guernsey Limited and GLI Alternative Finance plc. more »

LSE Price
4.5p
Change
 
Mkt Cap (£m)
13.8
P/E (fwd)
46.4
Yield (fwd)
n/a



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