I Read The News Today Oh Boy! 10-Apr-2018

Tuesday, Apr 10 2018 by
21

Morning all!

Eddie Stobart Logistics ( Eddie Stobart Logistics (LON:ESL) ) – 125p – £447.4m – PER 10.5

Results For The 12 Months To End November 2017 – In-line (Revenue up 9.4%, PBT down -12%), new year started well and in-line with the Board’s expectations.

I can’t get excited here, the yield may be attractive to those seeking income.

M P Evans ( M P Evans (LON:MPE) ) – 744p – £407.8m – PER 22.1

Results For The 12 Months To End December 2017 – The highlight is the Operating Profit up 72% to US$34m. The FY Dividend is up 18% to 17.75p (27.75p if you also include the Special Dividend from April last year). Outlook remains positive.

There was a takeover bid here just over a year ago, at 640p it was rejected. That seems to have been the right course of action, now trading at 744p. I like a few things here (like the Net Cash and Operating Margin) but there’s also a few things I don’t like (the poor ROCE for example and the fact Revenues and Profits just seem erratic). I’m Neutral for now.

Robert Walters ( Robert Walters (LON:RWA) ) – 700p – £527.1m – PER 15.3

Trading Update For The 6 Months To End March 2018 – Strong start with Net Fee Income up 17% (13% without FX), £88.5m. Net Cash up to £34.0m (from £13.3m) and current trading is in-line.

This is one that was on my Watchlist at 580p and another one where I missed the boat waiting for a pull-back. Bigger than my usual £500m Market Cap so will remove it from the Watchlist for now. Currently revising my Entry criteria due to missing a few too many boats including this one.

Mission Marketing ( Mission Marketing (LON:TMMG) ) – 46p – £38.7m – PER 5.90

Results For The 12 Months To End December 2017 – Revenue up 6% to £70.0m (2016: £65.9m), PBT up 10% to £7.7m (2016: £7.0m), Diluted EPS up by 11% to 7.12p (2016: 6.41p), FY Dividend up by 13% to 1.7p (2016: 1.5p).…

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D4t4 Solutions Plc, formerly IS Solutions Plc, is a United Kingdom-based company, which focuses on data solutions for its clients to provide end-to-end management of the entire data lifecycle, from its initial creation through the manipulation, analysis and management of the data all the way through to its eventual retirement into industry-compliant archives. Its segments include License sales, Project work and Recurring revenues. Its market focus areas include Data Collection, which captures data from any digital channel through its division, Celebrus Technologies; Data Management, which includes the secure storage and management of all forms of data, either in the cloud or on client premises, for presentation through multiple devices and applications; Data Analysis, which focuses on delivering value through analytics capabilities, and Data Solutions, which includes areas, such as Web and mobile application development, systems migrations and upgrades, and Software-as-a-Service. more »

LSE Price
230p
Change
 
Mkt Cap (£m)
92.6
P/E (fwd)
16.0
Yield (fwd)
1.5

Ramsdens Holdings PLC (Ramsdens) is a financial services provider and retailer. The Company operates through four segments: Foreign Currency Exchange, Pawnbroking, Purchases of precious metals and Jewellery Retail. The Foreign Currency Exchange segment consists of primarily, the sale and purchase of foreign currency notes with prepaid travel cards and international bank to bank payments. The Pawnbroking segment is a form of asset backed lending where an item of value is given to the pawnbroker in exchange for a cash loan. Through its precious metals buying and selling service, Ramsdens offers to buy unwanted jewelry, gold and other precious metals from customers for cash. The Company is engaged in refurbishing items bought from customers and retailing them through its store network. The Company also provides ancillary services, including franchise fees, western union, sale and buy back of electronics, and credit broking. It has a portfolio of over 130 stores. more »

LSE Price
190.5p
Change
 
Mkt Cap (£m)
58.7
P/E (fwd)
9.6
Yield (fwd)
4.0

The Mission Marketing Group plc (the mission) is a United Kingdom-based marketing communications and advertising company. The Company's portfolio comprises integrated, multi-discipline, multi-sector agencies, specialists in specific marketing/communications activities and specialists in particular market sectors. The Company's segments include Branding, Advertising and Digital; Media; Events and Learning, and Public Relations. The mission includes a network of entrepreneurial marketing communications agencies in approximately 20 offices in the United Kingdom, as well as offices in Asia and San Francisco. Its subsidiaries include April Six Ltd, which is engaged in marketing communications and specializes in the technology sector; Big Dog Agency Ltd, which is engaged in Marketing communications, Speed Communications Agency Ltd, which is engaged in public relations, and Bray Leino Ltd, which is engaged in advertising, media buying, digital marketing, events and training, among others. more »

LSE Price
74p
Change
1.4%
Mkt Cap (£m)
63.1
P/E (fwd)
7.6
Yield (fwd)
3.1



  Is LON:D4T4 fundamentally strong or weak? Find out More »


7 Posts on this Thread show/hide all

MrContrarian 10th Apr '18 1 of 7
5

My morning smallcap tweet:

Omega Diagnostics (LON:ODX), Tricorn (LON:TCN), Hvivo (LON:HVO), Elektron Technology (LON:EKT), £D4T4, Ramsdens Holdings (LON:RFX)

Omega Diagnostics Gp (ODX) trading: warns FY rev down 5%, adj pretax -£0.7m . Will close 2 sites to cut losses at cash cost of £0.6m max.
Tricorn Group (TCN) guides FY adj pretax beat. Rev up 20%.
hVIVO plc (HVO) notes the 'sudden and extreme fall' in its share price and confirms that it knows of no reason for such a fall. The 90% fall in 3 years has been more measured and no doubt deserved.
Elektron Technology (EKT) Contracted annual recurring revenue for Checkit now over £1m, which is ahead of management expectations.
D4T4 Solutions (D4T4) has secured a number of high quality contracts in Q4 so expects to report a very strong trading performance in H2. Expect revenue and adjusted pretax ahead YoY. House broker F/C guides adj EPS up 1% but is 10 months old!
Ramsdens Holdings (RFX) guides FY slightly ahead of expectations.

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andrea34l 10th Apr '18 2 of 7

These results from Griffin Mining (LON:GFM) look pretty staggering to me:

•       Revenues of $126,657,000 (2016: $66,270,000) up 91%;

•       Operating profit of $63,773,000 (2016: $15,201,000) up 319%;

•       Profit before tax of $60,877,000 (2016: $10,382,000) up 486%;

•       Profit after tax of $43,321,000 (2016: $5,914,000) up 633%; and

•       Earnings per share of 24.6 cents (2016: 3.3 cents) up 645%.

Cash generated from operating activities of $77.4m enabled all bank loans to be repaid with $46m repaid in 2017 as well enabling the Group to invest $13.3m in further development of the Caijiaying mine, exploration and equipment purchases. 

Record tonnes of ore were mined, hauled and processed in 2017 with:

•              Ore mined of 920,168 tonnes (2016: 863,077 tonnes);

•             Ore hauled of 980,849 tonnes (2016: 817,506); and

•             Ore processed of 968,080 tonnes (2016: 874,983).

With record throughput and improved grades, record amounts of zinc and gold in concentrate were produced in 2017:

•             Zinc metal in concentrate produced of 43,403 tonnes (2016: 31,948 tonnes);

•             Gold metal in concentrate produced of 20,489 ozs (2016: 12,654 ozs);

•             Silver metal in concentrate produced of 394,117 ozs (2016: 310,611 ozs); and

•             Lead metal in concentrate produced of 1,421 tonnes (2016: 1,439 tonnes).

Record turnover was achieved in 2017 with concentrate sales of $132,644,000 (2016 $69,546,000), before royalties and resource taxes.

Zinc metal in concentrate prices received were significantly higher in 2017 than in 2016 with zinc metal in concentrate prices received up 51.6%. This reflects higher market prices and a tightening of concentrate supply in China.

Administration expenses (including those of the Caijiaying Mine site) have risen from $13,218,000 in 2016 to $18,524,000 in 2017. This increase arises mainly from increased service fees to the Group's Chinese partners, Guoxin, up from $1,983,000 in 2016 to $5,900,000 in 2017, representing 11.2% of Hebei Hua Ao's profits.  Administration costs outside of China in 2017 were in line with 2016. Administration costs within China have increased with higher fees and costs in dealing with stricter environmental, health and safety regulations and in applying for the mining licence over Zone II. 

Attributable net assets per share at 31st December 2017 was 113 cents (2016 80 cents).

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andrea34l 10th Apr '18 3 of 7

Regarding both D4T4 and Mission Marketing (LON:TMMG) it is a case of once bitten twice shy (especially with the former) and I'd need a compelling reason to invest again in either of them... which I don't see here

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gus 1065 10th Apr '18 4 of 7
3

In reply to post #351583

Hi andrea34l.

Re. Griffin Mining (LON:GFM) , the headlines look great but still no hint of a dividend and no news on securing the Zone II Licence, hence the slightly muted reaction to this morning’s results. (Shares up about 2%).

Gus.

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andrea34l 10th Apr '18 5 of 7

In reply to post #351598

Yes, I saw the delay in the Zone II license for Griffin Mining (LON:GFM) which seems to be ongoing... and so I'll likely just hold rather than accumulate. They seem to still be preferring investment to paying dividends.

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Asagi 10th Apr '18 6 of 7
1

Hi matylda and board,

I think that Belvoir Lettings (LON:BLV) deserves a mention. £37m market cap, a profitable, dividend paying franchisor of lettings brands. Risk is of course in the forthcoming changes to how such agents may charge tenants.

https://www.investegate.co.uk/belvoir-lettings-plc--blv-/rns/preliminary-results-for-the-year-ended-31-dec-2017/201804100700053445K/

Revenue increased by 14% to £11.3m (2016: £9.9m), operating profit of £3.9m (2016: £2.5m) is an increase of 56%, profit before tax of £3.9m (2016: £2.4m) is up 62%, and there has been a 28% improvement in the adjusted earnings per share (EPS) to 11.3p (2016: 8.8p).

dividend is up to 6.9p in total for the year versus 6.8p for 2016. Apparently trading on a 2018 P/E of 8.6, forecast yield of 6.8% and a Stockopedia StockRank of 79.

Asagi (long Belvoir Lettings (LON:BLV) )

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matylda 10th Apr '18 7 of 7

In reply to post #351673

Belvoir Lettings (LON:BLV)

Not a sector I typically invest in but looks interesting enough - Quite tempting, I like to see the EPS has broken the 5 year (perhaps all time) high whereas price is way off the 5 year high - Plus the yield - Interesting enough...

Thanks again.

Blog: Briefed Up
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