I Read The News Today Oh Boy! 11-Sep-2018

Tuesday, Sep 11 2018 by

Morning all!

Alumasc ( Alumasc (LON:ALU) ) – 125.5p – £45.3m – PER 7.07

FY Results For The 12 Months To End June 2018 – Revenues £98.4m (2016/17: £104.8m) due to severe weather in Q3 and the impact of the Carillion liquidation, Underlying PBT of £6.5m (2016/17: £9.0m), Basic EPS of 12.0p (2016/17: 18.3p), Net Debt of £4.8m (2017: Net Cash of £6.1m) reflecting investment in the acquisition of Wade International and the new Timloc factory.

I retain my “staying away from this for now” stance here.

K3 Capital ( £K3C ) – 327p – £137.6m – PER 27.4

Final Results For The 12 Months To End May 2018 – Revenue up 53% (£16.5m), PBT up 103% (£7.3m), Net Cash up 121% (£7.5m), EPS up 114% (14.1p) and the Dividend is up 56% too (11.25p). New technologies and systems should fuel future growth, 2019 trading is ahead of expectations.

A lot to like – Been on my Watchlist since it was half this price and it may be time to stop sitting on the side-lines.

Murgitroyd ( Murgitroyd (LON:MUR) ) – 725p – £64.8m – PER 20.2

Preliminary Results For The 12 Months To End May 2018 – Revenue flat (£43.9m), Underlying PBT up 7% to £4.1m (2017: £3.8m), Dividend up 24%, Underlying Basic EPS up 21% to 34.2p (2017: 28.3p) with Cash at £3.03m (31 May 2017: £2.54m).

This was on my Watchlist (from 400p – Doh!) but I will go Neutral for now as on a PER of 20 or so it’s perhaps reached a more fair valuation here.

SimplyBiz ( SimplyBiz (LON:SBIZ) ) – 177p – £134.9m – PER 13.5

Interim Results For The 6 Months To End June 2018 – Maiden results are in-line - Revenue up 13.7% to £24.2m (H1 2017: £21.3m), Adjusted PBT up 60.8% to £4.5m, Adjusted EPS up 61.7% to 4.68p, Net Debt down from £1.6m at date of listing to Net Cash of £1.2m and a Maiden Interim Dividend of 0.98p will be paid (covering 9 months).

Tempting - Still quite like this and it remains on my Watchlist.

Surgical Innovations ( Surgical Innovations (LON:SUN)…

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The Alumasc Group plc is a building products, systems and solutions company. The Company's segments include, Solar Shading & Screening, Roofing & Walling, Water Management, and Housebuilding & Ancillary Products. The Solar Shading & Screening segment offers Levolux's architectural solutions, which are used to shade and screen buildings. The Company creates bespoke balcony and balustrading solutions. The Roofing & Walling segment provides waterproofing systems for flat roofs, roofing support services, exterior wall insulation systems and facade systems. The Water Management segment provides a range of industry solutions to help manage water originating inside or outside of the buildings and convey it in a controlled and safe way to discharge into water courses, sewers of the ground. The Housebuilding & Ancillary Products segment offers house building and ancillary products, such as ventilation products, cavity closers and trays, access panels, loft doors and dry roof verge products. more »

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K3 Capital Group Plc, along with its trading subsidiaries, Knightsbridge, KBS Corporate and KBS Corporate Finance, are a group of business and company sales specialists across business transfer, business brokerage and corporate finance, serving owners across the United Kingdom in the small cap marketplace. The services provided by the Company include the presentation of their clients' businesses for sale to market, the sourcing of potential acquirers and project management of transactions to completion. more »

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Murgitroyd Group PLC is a United Kingdom-based company, which is engaged in providing a range of intellectual property (IP) advisory services through its trading subsidiaries, Murgitroyd & Company Limited, Murgitroyd SARL and Murgitroyd LLC, which are European patent and trade mark attorneys. The Company offers a range of services, such as patents, trademarks, designs, utility models, global IP filing, renewals, searching, oppositions and appeals, copyright, domain names, European patent validations, translation, licensing, monetization, IP audits, litigation support, due diligence, patent drawings, the United Kingdom patent box and Italian patent box. The Company caters to a range of sectors, such as high-tech and software; life science, chemistry and pharmaceuticals; engineering; energy; consumer goods; business and financial services, and creative industries. It has approximately 10 offices across Europe, in the United Kingdom, Finland, France, Germany, Ireland and Switzerland. more »

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

2 Posts on this Thread show/hide all

MrContrarian 11th Sep '18 1 of 2

My morning smallcap tweet: 60% off sale at Telecoms co Toople - to instos only.

Redt Energy (LON:RED), Toople (LON:TOOP), IXICO (LON:IXI), Cyanconnode Holdings (LON:CYAN)

RedT Energy (RED) becomes a preferred supplier of energy storage solutions for UK public sector projects, initially only the NHS.
Toople (TOOP) Uses huge SP rise after its good news 2 weeks ago to make a keep-the-lights-on £2.2m placing at 0.3p, a 60% discount.
IXICO (IXI) wins contract to provide imaging services for a Phase III study in Huntington's disease. Worth £9.1m over a four year term.
CyanConnode (CYAN) H1 rev up 190%. Bizarrely compares H1 op loss with FY loss: "Operating loss of £3,315,931 (H1 2017: £4,785,258), significant improvement on loss of £11,153,094 for 2017 full year." Bullish as always, the 75% SP loss since last H1 RNS not so much.

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Asagi 11th Sep '18 2 of 2

Belvoir Lettings (LON:BLV) results to 6m ending June 2018:


revenue and earnings helped by acquisition, dividend held (cover was very low).

"Belvoir has achieved a promising start to the second half, and as such the Company is on track to meet management expectations for the year."

looks like a P/E for 2018 of 9.0 and a forecast yield of 6.7%. Fly in the ointment is the effect of a ban on tenant fees, which is set to arrive at some unspecified date.

"Given the tightening tax regime on the buy-to-let sector, the ban on tenant fees and increased regulations to professionalise the lettings market, we anticipate that around 20% of lettings agents will close over the next three years."

Asagi (no position)

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