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

Tuesday, Jul 10 2018 by
18

Morning all!

Adept Telecom ( Adept Telecom (LON:ADT) ) – 360p – £85.3m – PER 14.3

Final Results For The 12 Months To End March 2018 – Revenue up 34.8% to £46.4m (2017: £34.4m), PBT up 32.8% to £4.5m (2017: £3.4m), Fully Adjusted EPS up 26.2% to 27.69p (2017: 21.94p), FY Dividend up 12.9% to 8.75p (2017: 7.75p) with Year End Net Senior Debt at £17.6m (2017: £15.5m).

I still like this quite a lot and it’s breaking out to all time highs at present. If it wasn’t for that Debt level I could probably be swayed from my Neutral stance.

Begbies Traynor ( Begbies Traynor (LON:BEG) ) – 69.4p – £76.6m – PER 17.8

Final Results For The 12 Months To End April 2018 – Revenue £52.4m (£49.7m last time) with Adjusted PBT of £5.6m (£4.9m last time) and Adjusted Basic EPS of 4.0p (3.3p last time) – The Dividend is up 9%, the first increase since 2011 and expecting to make further progress (organically and via selective acquisitions).

I still can’t find enough here to make me change my view from Neutral.

Photo-Me International ( Photo-Me International (LON:PHTM) ) – 109.4p – £413.0m – PER 12.1

Results For The 12 Months To End April 2018 – Revenue up 7.1% to £229.8m (5.9% at CC), Underlying PBT up 0.3% (down 1.6% at CC), Net cash £26.7m, Total Ordinary Dividend up 20% to 8.44p.

Looks to be as expected here and after selling out in May 2018 I will remain Neutral while growth remains pedestrian.

ITE ( ITE (LON:ITE) ) – 79p – £213.0m – PER 12.7

Trading Update For The Period From 1st April 2018 (Q3) – In-line and confident of achieving FY expectations.

If they hit forecasts here this is probably due a re-rating but at present I will remain Neutral.

MySale ( MySale (LON:MYSL) ) – 59.9p – £92.4m – PER 29.7

Trading Update For The 12 Months To End June 2018 – Expects underlying EBITDA to be in line with the top end of market expectations of A$11.8m (FY17:…

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AdEPT Technology Group plc, formerly AdEPT Telecom plc, is engaged in providing managed services for information technology (IT), unified communications, connectivity and voice to over 100 Councils, NHS Trusts and other government bodies. The Company's segments are fixed line services (being calls and line rental services) and managed services (which are data connectivity, hardware services, IP telephony, support and maintenance services). It is engaged in the provision of voice and data communication services to both domestic and business customers. The Company offers technical and commercial options for onsite and cloud-based telephony. The Company serves approximately 20,000 commercial customers including worldwide and nationwide brand names. more »

LSE Price
358p
Change
-2.5%
Mkt Cap (£m)
84.9
P/E (fwd)
11.0
Yield (fwd)
3.0

Begbies Traynor Group plc is a business recovery and property services consultancy. The Company's segments include insolvency and restructuring, and property. It provides services from a network of the United Kingdom locations through two operating divisions: Begbies Traynor and Eddisons. Begbies Traynor is an independent business recovery practice that handles corporate appointments, serving the mid-market and smaller companies. It provides insolvency, restructuring and consultancy services to businesses, their professional advisors and financial institutions. Eddisons is a national firm of chartered surveyors, delivering transactional and advisory services to owners and occupiers of commercial property, investors and financial institutions. It provides professional services, such as business rescue options, advisory options, forensic accounting and investigations, corporate and commercial finance, personal insolvency solutions and services to banking, legal and accounting sectors. more »

LSE Price
84.5p
Change
5.0%
Mkt Cap (£m)
106.1
P/E (fwd)
14.9
Yield (fwd)
3.4

Photo-Me International plc is engaged in the operation of sale and servicing of a range of instant-service equipment. The Company operates coin-operated automatic photobooths for identification and fun purposes, and a range of vending equipment, including digital photo kiosks, amusement machines, business service equipment and laundry machines. The Company reports its segments on a geographical basis, such as Asia; Continental Europe, and United Kingdom and Ireland. Its products include digital prints, photobooks, posters and collage posters, calendars and photo-cards. It offers children's rides, such as carousels, generic rides, character licensed rides, simulators and interactive rides. It operates approximately 27,000 photobooths, over 6,000 children's rides and approximately 4,700 digital kiosks in areas, such as shopping centers, supermarkets and rail stations. Its subsidiaries include Fowler UK.Com Limited, Prontophot Austria G.m.b.H. and Photomatico (Singapore) Pte Limited. more »

LSE Price
99.9p
Change
-0.1%
Mkt Cap (£m)
377.6
P/E (fwd)
10.3
Yield (fwd)
8.3



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


3 Posts on this Thread show/hide all

MrContrarian 10th Jul '18 1 of 3
5

My morning smallcap tweet:

MySale (LON:MYSL), Arcontech (LON:ARC), Telit Communications (LON:TCM), Cambian (LON:CMBN)

MySale Group (MYSL) guides FY EBITDA at least in line with the top end of market expectations of A$11.8m (A$8.7m).
Arcontech Group (ARC) guides FY profit comfortably ahead of market expectations.
Telit Communications (TCM) [last night] "The administrators to BAMES* have taken steps to bring a civil claim against Telit regarding its involvement with BAMES. Telit considers, after having taken legal advice, that the claim is without merit and intends to vigorously defend its position." As previously disclosed: "In 2016, Telit became aware of a criminal investigation against a number of parties with respect to BAMES' insolvency including Telit's former CEO. Telit was not and is not formally involved in these criminal legal proceedings."
Cambian (CMBN) approach from CareTech. Mooted price is: paper and cash 220p or cash alternative 200p.

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BlueFrew 10th Jul '18 2 of 3
3

Telit Communications (LON:TCM) - "In 2016, Telit became aware of a criminal investigation against a number of parties with respect to BAMES' insolvency including Telit's former CEO. Telit was not and is not formally involved in these criminal legal proceedings."

I'm sure they'll be telling us next that their "former" CEO was not in any way involved in the AGM vote which ousted the independent directors who had been appointed to try and clean up the Augean stables here.

Utterly, utterly amazed that the share price here still hasn't completely collapsed. How many more clues do the regulators require?

(Short Telit Communications (LON:TCM) )

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rhomboid1 10th Jul '18 3 of 3
3

In reply to post #380854

Hi blue
I’m in agreement..this whole company has more red flags than a red flag shop on red flag delivery day...what is truly bewildering is that for the 3 newly appointed non execs to be voted out a concert party involving Mr Cats /Katz must be in operation..which requires an RNS from the company..or do the company not know who their major holders are representing ?

Run Liang Tai Management Limited 19,888,505 15.22%
Oozi Cats 16,733,470 12.80%
Davide Renato Ugo Serra 7,938,223 6.07%
Lazarus Management Company LLC 7,901,176 6.05%
Senvest Management, LLC 4,999,067 3.82%
Norges Bank 4,151,050 3.18%

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