I Read The News Today Oh Boy! 12-Dec-2017

Tuesday, Dec 12 2017 by
12

Morning All!

Servoca ( Servoca (LON:SVCA) ) – 63.5p – £34.2m – PER 15.9

Preliminary Results For The 12 Months To End September 2017 – Revenue up 15.9% to £80.2m (2016: £69.2m), PBT flat at £2.9m, adjusted basic EPS up 13.8% to 2.56p (2016: 2.25p), Dividend up 14.3% to 0.40p per share (2016: 0.35p).

Looks OK, probably priced about right – A higher yield and I would be more tempted here.

Driver ( Driver (LON:DRV) ) – 63.5p – £34.2m – PER 15.9

Final Results For The 12 Months To End September 2017 – Revenue (on continuing operations) up 15% to £60.2m (2016: £52.4m), reported PBT of £0.3m (2016: loss £5.2m).

Looks like a corner has been turned here but I will be watching from the stands for now.

Begbies Traynor ( Begbies Traynor (LON:BEG) ) – 67.38p – £72.2m – PER 17.2

Interim Results For The 6 Months To End October 2017 – In-line and well placed to deliver current market expectations for the full year. Confident enough to also declare an increased Interim Dividend (the first in 6 years).

I still have little conviction here. Revenues are quite stagnant, Profit/Loss can be hit and miss, Operating Margins and ROCE are generally low. Even the Dividend is not particularly great, or well covered.

Zytronic ( Zytronic (LON:ZYT) ) – 517.5p – £81.0m – PER 16.9

Preliminary Results For The 12 Months To End September 2017 – Revenue up 9% to £22.9m (2016: £21.1m), PBT up 27% to £5.4m (2016: £4.3m). The focus though is on the Dividend, the final Dividend is up 39%. Current year has started with Revenue and Orders similar to last year.

Seems like a quality company but this update and the forecasts just don’t seem to make it worthy of investment at this level. Keeping it on my Watchlist as much more interesting around 450p.

Tristel ( Tristel (LON:TSTL) ) – 250p – £107.4m – PER 28.5

AGM Statement And Notice Of Results – In-line.

Seems to be performing well. It’s down 20% from recent highs but still for…

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Servoca Plc is a holding company. The Company provides specialist outsourcing and recruitment services to customers in the medical, educational and security markets. Its segments include Outsourcing and Recruitment. The Outsourcing segment provides services to the domiciliary care and security sectors. The Recruitment segment provides recruitment services to the healthcare, education and police sectors. It operates in five markets: education recruitment, healthcare recruitment, homecare, criminal justice and security. Its Education Recruitment division supplies school staff ranging from qualified teachers, middle managers, senior leadership and learning support staff. Its Healthcare Recruitment division focuses on the supply of Specialist Nurses, Student Nurses, Healthcare Assistants and associated roles. The Homecare business supplies care at home. Its Criminal Justice operation focuses on supplying people and services in areas associated with the civil and criminal justice markets. more »

LSE Price
8.5p
Change
-37.0%
Mkt Cap (£m)
n/a
P/E (fwd)
n/a
Yield (fwd)
n/a

Driver Group Plc (Driver) is a United Kingdom-based company, which provides consultancy services to the engineering and construction industries. The Company conducts its operations through three operating divisions: Europe & Americas (EuAm); APAC, Middle East & Africa (AMEA), and Initiate. The EuAm and AMEA divisions provide various services, such as quantity surveying, litigation support, contract administration, and commercial advice/management. The Initiate division offers development, project and contracting management services to the infrastructure market in the United Kingdom. DIALES is its witness support service provider. Driver Project Management provides the strategic and leadership disciplines necessary to develop and deliver a project. Driver Project Services provides customer-focused project controls solutions across a project lifecycle. Driver Trett provides multi-disciplinary consultancy services to support delivery of its clients' projects. more »

LSE Price
59p
Change
 
Mkt Cap (£m)
31.3
P/E (fwd)
11.0
Yield (fwd)
2.1

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
75.5p
Change
-0.3%
Mkt Cap (£m)
86.7
P/E (fwd)
13.8
Yield (fwd)
3.7



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


1 Post on this Thread show/hide all

MrContrarian 12th Dec '17 1 of 1
3

My morning smallcap tweet:

Local Shopping Reit (LON:LSR), Robert Walters (LON:RWA), Ambrian (LON:AMBR), Carpetright (LON:CPR)

Local Shopping REIT (LSR) FY EPS -1.04. NAV 42p/sh. Recently "sold five properties via private treaty for a gross consideration of £475,000, representing a 2.9% discount to valuation. In addition, four properties were sold in the year's last round of auctions in December for a total of £621,000, a 10% premium to book value, albeit that may not be reflective of values for the remainder of the portfolio." No decent offers for portfolio of 70% of assets so will "continue and seek to further accelerate our current programme of individual asset sales, irrespective of lot size and location, with the aim of selling approximately 75% of the remaining assets by the end of the current financial year. This equates to approximately 125 property sales, totalling £40m by value...it will be challenging and shareholders should be aware that the programme set out above is reliant on market conditions..."
Robert Walters (RWA) FY pretax expected to be materially ahead of current market expectations.
Ambrian (AMBR) Cash crisis. "Whilst the operational performance of the cement operations in Mozambique is improving, the Company is facing urgent short-term liquidity issues owing to difficulties in moving cash resources held within the Group to the Company. As a consequence, the Board is closely monitoring the cash position of Company and anticipates that short-term, external financing will be required...discussions with potential counterparties in relation to securing both short-term financing for the Company and a longer-term strategic partnership and investment...are at an advanced stage."
Carpetright (CPR) "expects underlying profit will be towards bottom end of current range of market expectations​"

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