I Read The News Today Oh Boy! 11-Apr-2019

Thursday, Apr 11 2019 by
11

Morning all!

Christie ( Christie (LON:CTG) ) – 97p – £25.7m – PER 7.8

Results For The 12 Months To End December 2018 – Revenue up 6.3% (from £71.6m to £76.1m), Operating Profit up 8.4%, EPS up from 9.47p to 11.23p and the Total Dividend will be 3p (2.75p last time). Looks like caution for H1, expecting a stronger H2.

These results look about in-line and I am tempted here. The caution and H2 weightiing puts me off enough to wait for revised Broker notes to come through.

EasyHotel ( easyHotel (LON:EZH) ) – 66p – £97m – PER 37.1

Trading Update For The 6 Months To End March 2019 – Revenue up 47% (LFL looks flat), despite uncertainty (mentioned 3 times), expects FY to be in-line with the Board's expectations.

Half the price it was when I first considered this expensive, it's still not "cheap" enough to tempt me.

Quiz ( QUIZ (LON:QUIZ) ) – 17.4p – £21.6m – PER 5.8

Trading Update For The 12 Months To End March 2019 – Revenue up 12%, EBITDA to be circa £4.5m.

Looks OK but just too many if's, but's and maybe's here for me.

Renold ( Renold (LON:RNO) ) – 28.5p – £64m – PER 5.4

Trading Update For The 6 Months To End March 2019 – Revenue up 5.7%, FY to be in-line.

If it wasn't for the Net Debt this would be much more attractive, at present there's just not enough to get me any more interested today that I was yesterday. The move to AIM may help.

As always, all comment most welcome!

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Christie Group plc is a provider of a portfolio of professional business services for the leisure, retail and care sectors. The Company operates through two operating segments: Professional Business Services, and Stock & Inventory Systems & Services. The Professional Business Services segment is engaged in business valuation, consultancy and agency, mortgage and insurance services, and business appraisal. The Stock & Inventory Systems & Service segment covers stock audit and counting, compliance and food safety audits and inventory preparation and valuation, hospitality and cinema software. The Company's subsidiaries include Christie & Co (Holdings) Limited, Christie Group Central Services Limited, Pinders Professional & Consultancy Services Ltd, RCC Business Mortgage Brokers Ltd, Orridge & Co Ltd, Reedwall Limited, Vennersys Ltd, Venners Ltd and Venpowa Limited. more »

LSE Price
111.5p
Change
 
Mkt Cap (£m)
29.6
P/E (fwd)
9.5
Yield (fwd)
2.9

easyHotel PLC is a United Kingdom-based owner, developer, operator and franchisor of branded hotels. The Company operates through two segments: Owned properties and Franchising. The Owned properties segment is involved in hotel operations carried out in the Company's owned hotels and properties. The Franchising segment includes its franchise hotel operations in connection with the license of the Company's brand name. The Company has a portfolio of 11 owned hotels comprising of 1,216 rooms, and it has a further 25 franchised hotels with 2,139 rooms. The Company's owned hotels include Old Street (London), Glasgow and Croydon. Its franchise locations include Bulgaria (Sofia), Czech Republic (Prague), Germany (Berlin, Frankfurt), Hungary (Budapest), the Netherlands (Amsterdam, Rotterdam and The Hague), Switzerland (Basel, Zurich), the United Arab Emirates (Dubai) and the United Kingdom (Edinburgh, London Central and Heathrow, and Luton). The Company's subsidiary is easyHotel UK Limited. more »

LSE Price
94.1p
Change
-0.4%
Mkt Cap (£m)
137.9
P/E (fwd)
38.6
Yield (fwd)
0.7

QUIZ plc is United Kingdom-based global women's wear brand company. The Company is focused on providing occasion wear and dressy casual wear primarily for 16 to 35 year olds and offers clothing, footwear and accessories. The Company’s occasion wear provides maxi and mini dresses, matching tops and bottoms, and footwear, bags and other accessories that are designed to complement a particular outfit. The Company’s dressy casual is designed to provide the latest on-trend clothes, shoes, bags and accessories that have a glamorous edge. In addition, the Company’s products includes denim, playsuits, shirts, tops and skirts. The Company also provides a range of outerwear such as faux fur jackets, parkas and biker jackets. Footwear offers dune River Island, missguided and ASOS. The Company’s brand operates in 19 countries through 65 international franchise stores, concessions and wholesale partners. more »

LSE Price
16p
Change
-4.2%
Mkt Cap (£m)
20.7
P/E (fwd)
41.4
Yield (fwd)
n/a



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


3 Posts on this Thread show/hide all

MrContrarian 11th Apr 1 of 3
4

My morning smallcap tweet:

QUIZ (LON:QUIZ), Porvair (LON:PRV), £FRC, AEW UK Long Lease REIT (LON:AEWL), Instem (LON:INS)

Quiz (QUIZ) FY trading: rev £130.9m, £1.9m above guidance in March warning. EBITDA guidance unchanged.
Porvair (PRV) trading: rev up 18% in first 4 months, flattered by the timing of a large spares order (Brexit?). Profit in line.
The Financial Reporting Council (FRC) has commenced an investigation into the audit by Grant Thornton UK LLP of the financial statements of Interserve Plc for the years ended 31 December 2015, 2016 and 2017. The investigation will be conducted under the Audit Enforcement Procedure.
AEW UK Long Lease REIT (AEWL) following strategic review, erects the For Sale sign.
Instem (INS) secondary placing of 10% of co at 290p, a 12% discount.

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andrea34l 11th Apr 2 of 3
2

There is a lacklustre in-line update from Alpha Financial Markets Consulting (LON:AFM) - "Alpha FMC has performed well in the year with both revenue and Adjusted EBITDA expected to be ahead of the last financial year and in-line with current full year market expectations".

Oxford Instruments (LON:OXIG) is looking good after this update - "trading in the second half of the year was supported by a strong order book and our normal second half seasonal bias. We expect adjusted operating profit for the full year to be around the higher end of expectations. A good cash conversion during the year has resulted in the Group achieving a positive net cash position." Analyst forecast range is usefully provided, as adjusted operating profit £46.0m to £49.2m

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golfnut59 11th Apr 3 of 3

Quiz looks like it offers excellent risk reward to me at these depressed levels. The Balance sheet strong with £12.5m cash and next to no debt. The company is increasing its online sales at a good clip and is placing a much greater emphasis in this area which is good to see.They are still profitable, cash rich and have short leases on their physical stores. If management have learned from their mistakes of this past year, they are in a good position to turn this ship around. (I don't hold this stock but plan to do further research)

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