I Read The News Today Oh Boy! 12-Mar-2019

Tuesday, Mar 12 2019 by
15

Morning all!

French Connection ( French Connection (LON:FCCN) ) – 42.4p – £41m – PER 38.5

Results For The 12 Months To End January 2019 – Return to profitability (just), +£0.1m (Loss of -£2.1m last time). Wholesale up, Retail down, non-contributing locations being closed – Cash at £16.2m.

Seems to be heading in the right direction and it's a known that the business is up for sale. Still not enough for me to be tempted though.

Gresham Technologies ( Gresham Technologies (LON:GHT) ) – 89.5p – £61m – PER 47.4

Results For The 12 Months To End December 2018 – Revenue down -8%, Loss of -£1.4m (£-3.8m last time), Cash at £5.6m (£8.5m last time) and the Dividend is static at 0.5p.

I am as attracted here today as I was yesterday.

H & T ( H & T (LON:HAT) ) – 285p – £107.3m – PER 10.1

Results For The 12 Months To End December 2018 – PBT up 13.4%, Diluted EPS up 12.7% and the Dividend is up 4.8%.

Reasonably attractive but I reckon it's about fairly valued at this level - For the income.

Midwich ( Midwich (LON:MIDW) ) – 575p – £456.8m – PER 18.3

Final Results For The 12 Months To End December 2018 – Revenue up 21%, PBT up 11.5% (19.7% adj.) and EPS up 8.6% (19.3% adj.). The Total Dividend is up about 10% and the board expects 2019 to be in-line with existing expectations.

Looks about fairly priced to me.

Pendragon ( Pendragon (LON:PDG) ) – 26.4p – £368.8m – PER 9

Results For The 12 Months To End December 2018 – Revenue is down (-1.3%), Underlying PBT is down about -20% and Net Debt remains around the £125m level.

I cannot get interested here at present.

Pennant International ( Pennant International (LON:PEN) ) – 111.5p – £40.2m – PER 11.5

Results For The 12 Months To End December 2018 – Revenue up 15% or so, PBT and EPS doubled (or thereabouts),…

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French Connection Group PLC designs and supplies branded fashion clothing and accessories for men and women. The Company operates retail stores and concessions in the United Kingdom, Europe, the United States and Canada and also operates e-commerce businesses in each of those territories. Its principal brand is French Connection, which designs, produces and distributes branded fashion clothing, accessories, such as toiletries and fragrances, shoes, watches, jewelry, eyewear, furniture and homeware through its distribution channels: retail stores, e-commerce, wholesale and licensing. Its other brands include, Great Plains and YMC. The Company operates in approximately 50 countries around the world. The Company's subsidiaries include French Connection Limited, French Connection UK Limited, French Connection (London) Limited, Contracts Limited, French Connection Group Inc., French Connection (Hong Kong) Limited, French Connection (Canada) Limited and YMC Limited. more »

LSE Price
39.1p
Change
 
Mkt Cap (£m)
37.7
P/E (fwd)
25.1
Yield (fwd)
n/a

Gresham Technologies Plc, formerly Gresham Computing plc, is a software and services company. The Company is engaged in specializing in real-time transaction control and enterprise data integrity solutions. Its segments include Clareti Solutions, which supplies cash management and payment solutions to the finance and banking markets across Asia Pacific, Europe, Middle East and Africa (EMEA) and North America, and Other Solutions, which supplies a range of solutions to enterprise level customers in a range of end markets. The Company's portfolio of applications based on the Clareti platform, including Clareti Transaction Control (CTC), Clareti Accounts Receivable Management (Clareti ARM) and Clareti Loan Control (CLC), provides solutions for real-time data management based on business-driven controls. The Company's Clareti software platform is designed to address, regulatory compliance, financial control, internal risk management, data management and regulatory compliance problems. more »

LSE Price
115p
Change
 
Mkt Cap (£m)
78.4
P/E (fwd)
62.2
Yield (fwd)
0.5

H&T Group plc is a non-trading holding company. The Company provides a range of simple and accessible financial products tailored for a customer base, which has limited access to, or is excluded from, the traditional banking and finance sector. Its segments include Pawnbroking, which is engaged in providing secured loans against collateral (the pledge); Gold Purchasing, which is involved in buying Jewelry directly from customers through its stores; Retail, which is involved in retail sales of gold and jewelry, and the retail sales are forfeited items from the pawnbroking pledge book or refurbished items from its gold purchasing operations; Pawnbroking Scrap, which comprises various other proceeds from gold scrap sales other than those reported within Gold Purchasing; Personal Loans, which comprises income from its unsecured lending activities, and Other Services, which comprises third party check encashment, buyback, prepaid debit card product and foreign exchange currency services. more »

LSE Price
329p
Change
0.3%
Mkt Cap (£m)
130.3
P/E (fwd)
9.2
Yield (fwd)
3.6



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


1 Post on this Thread show/hide all

MrContrarian 12th Mar 1 of 1
3

My morning smallcap tweet: Sleep without Dreams

Concepta (LON:CPT), French Connection (LON:FCCN), Staffline (LON:STAF), eve Sleep (LON:EVE), Mercantile Ports & Logistics (LON:MPL), Water Intelligence (LON:WATR)

Concepta (CPT) to supply myLotus Walgreens Boots Alliance for women's fertility and hormone testing. Preparing EU market roll-out plans. No numbers.
French Connection (FCCN) FY small pretax profit at last, £0.1m (£2.1m). Rev flat, LFL down 6.8%. Net cash only £16.2m (£9.5m) despite selling 75% of Toast of £11.7m. Still in talks to sell group after 5 months. Expects strategic review (including the formal sale process) to conclude in H1 2019. Marks optimistic as ever: "I believe we are in a very good place and will make further significant progress." I hold.
Staffline Group (STAF) resumes trading after 6 weeks of worry for holders. "The independent legal investigation has delivered its key findings which has assisted the Board in assessing and defining the impact on the Group's profitability and existing forecasts." Looks minor. Exzceptionals inc by £3.5m over £20m announced in Jan. Expects FY in line with expectations and maintains its expectations for the current financial year. I hold.
Eve Sleep (EVE) FY rev up 25% but loss up 1% to £20.3m, 58% of rev. Ends Dreams 'partnership', impact not material. But in Nov it guided rev at or above expectations "helped by the early success of the Dreams partnership". CFO resigns but stay on until the summer. "The opportunity to create a sleep wellness brand remains undiminished." A great sounding PR-bollox soundbite.
Mercantile Ports & Logistics (MPL) the port is inaugurated and first (small) revenue but guess what, still awaiting customs approval.
Water Intelligence (WATR) FY rev up 44% and adj pretax $2.5m ahead of market expectations of $2.2m.

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