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

Friday, Jan 11 2019 by

Morning all!

Attraqt ( £ATQT ) – 33p – £35m – PER 47.1

Trading Update For The 12 Months To End December 2018 – FY Revenue to be marginally ahead of expectations and EBITDA to be slightly better than break-even.

Got to sit on the side-lines and wait to see the actuals here.

Carclo ( £CAR ) – 81p – £59.5m – PER 6.6

Trading Update For The 12 Months To End March 2019 – FY Results to be significantly beloow previous expectations with higher Debt which is expected to remain within covenants.

I wasn't much of a fan before and this doesn't help - Remains on my Avoid list.

Lighthouse Group ( £LGT ) – 25p – £32m – PER 13.8

Trading Update For The 12 Months To End December 2018 – In-line.

Seems perhaps about fairly priced around this level.

Moss Bros ( £MOSB ) – 26.2p – £26.41m – PER 18.2

Trading Update For The 23 Weeks To 5th January 2019 – Revenue up 0.6% YoY (margins down), ecommerce up 27.8% YoY (16.2% of Revenue) but pyhsical down. Expects FY to be in-line, an Adjusted Loss of -£0.6m. Cash down from £17.5m to £10m. Expects conditions to remain challenging.

Going to switch this from my Avoid list to Neutral. Will be interesting enough to keep an eye out on that on-line growth as the brand may be strong enough to become the leader there, perhaps!

Quiz ( £QUIZ ) – 35.5p – £44m – PER 6.6

Trading Update For The 6 Weeks To 5th January 2019 – Revenue up 8.4% (this is below expectations), margin down, challenging conditions. FY Revenue to be circa £133m (below current market expecations), Gross Margins down from 62% to 60.5%.

Even on a single digit PER I cannot find myself interested here at present.

Sopheon ( £SPE ) – 1335p – £135m – PER 31

Trading Update For The 12 Months To End December 2018 – Expecting FY Revenue to be comfortably in-line and PBT to maybe outperform.

I really missed out here (from the days when I rarely paid up) but now I do believe it looks overvalued (perhaps, again, wrongly!). 

As always, all comment most welcome!

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Carclo plc is engaged in the supply of fine tolerance, injection molded plastic components, mainly for medical products. The Company is also engaged in the design and supply of specialized injection molded light-emitting diode (LED)-based lighting systems to the automotive industry. The Company operates through four segments: Technical Plastics, LED Technologies, Aerospace and CIT Technology. The Technical Plastics segment supplies fine tolerance, injection molded plastic components, which are used in medical, optical and electronics products. The LED Technologies segment develops solutions in LED lighting. The Aerospace segment supplies systems to the manufacturing and aerospace industries. The CIT Technology segment manages its digital printing of conductive metals onto plastic substrates. The Company is a supplier of control cables in Europe. more »

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Lighthouse Group plc is a diverse financial advice firm in the United Kingdom. The Company's principal activities are the provision of financial advice to retail and corporate customers, and regulatory authorization to financial advisors operating from locations across the United Kingdom. The Company operates through three segments, which include National, Network and Wealth management. The National segment operates under the Lighthouse Financial Advice brand. The Network segment operates under the Lighthouse Advisory Services brand. The Company's Wealth management segment operates under the LighthouseCarrwood, LighthouseWealth and Lighthouse Group Employee Benefits brands. The Company's subsidiary, Lighthouse Advisory Services Limited (LASER) authorizes the Company's advisors, including those in the national and wealth management operating segments. Its subsidiaries also include LighthouseCarrwood Limited, Falcon Financial Advice Limited and Lighthouse Corporate Services Limited. more »

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Moss Bros Group PLC is engaged in retailing and hiring formal wear for men. The Company operates through Moss Bros branded mainstream stores. The Company's segments include Retail and Hire. The Company offers various types of suits, skirts, jackets, trousers, coats, casualwear, ties, shoes and accessories. The Company offers clothing and accessories for various occasions, including weddings, prom, race day suit, tuxedo and black tie, interview attire and graduation. The Company also trades through Savoy Taylors Guild fascia. It has approximately 100 Moss Bros and Savoy Taylors Guild branded stores and over 20 Moss Bros outlet stores, which trade Moss Bros own brands and selected third-party brands, including Hugo Boss, Canali, Ted Baker, DKNY and French Connection. The Company has approximately 120 Moss Bros Hire outlets, which are contained within Moss Bros Retail and Savoy Taylors Guild Stores. The Company's sub brands consist of Moss London, Moss 1851 and Moss Esq. more »

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

3 Comments on this Article show/hide all

MrContrarian 11th Jan 1 of 3

My morning smallcap tweet: Virgin spends a penny on airline.


Flybe (FLYB) 89% off! Recommended offer from JV of Stobart and Virgin at 1p. Shares have climbed from 10 to 16.2 after news of possible offer. Obviously board thought they were fecked w/o a rescue.
Starcom (STAR) warns FY EBITDA only b/e despite rev slightly above market expectations of $5.9m. Potential Nomad still doing due dil.
ATTRAQT Group (ATQT) guides FY rev marginally ahead of expectations and EBITDA to be slightly better than break-even.
NAHL Group (NAH) warns FY adj EPS 5 to 10% below Board expectations. Blames heightened competitor activity in the PI division plus Residential Property division continued to be impacted by the state of the housing market. I hold.
Carclo (CAR) guides FY significantly below its previous expectations. Says "short term operational growing pains continued longer than we had anticipated as demand grew [for low volume products]" = PRbollx for "we screwed up".
Quiz (QUIZ) warns Xmas sales below exp. Guides FY rev £133.0m, gross margin falling to 60.5% from H1's 62% and EBITDA £8.2m. Rev f/c range £133.9m - 138m.

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mmarkkj777 11th Jan 2 of 3

Carclo looks interesting for a possible bounce back (short term trade only, not long term invest). Still making a profit, low multiples. Debt is quite high (in proportion to profit, over 4x), but assets level is good. Fall may be overdone. will watch to see if it can get back past 60p anytime soon.

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matylda 11th Jan 0 of 3

In reply to post #435153

This bit on £CAR is a concern for me "Group net debt is expected to remain within our banking covenants at the newly anticipated profit level." - Suggests if the newly anticipated profit level is not achieved then...

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