I Read The News Today Oh Boy! 12-Oct-2018

12th Oct '18 by matylda

4 comments 1786 reads

Morning all!

Premaitha Health ( Premaitha Health (LON:NIPT) ) – 8.25p – £31.9m – PER n/a

Trading Update For The 6 Months To End September 2018 – Revenues up 45% with a strong start to the second half of the year. Legal issue now settled and behind them, now focused on driving global growth.

Covering this stock for the first time because it popped up on my Tech Screen a month or so ago. This is a Loss maker that is not currently forecast to make a Profit (even on forecast double the Revenue seen in 2018A) so for this reason alone it has to go straight on my Avoid list for now.

Carclo ( Carclo (LON:CAR) ) – 86p – £63.1m – PER 7.19

Trading Update – H1 below the Board’s expectations but FY expectations are unchanged (H2 weighting!!!!!).

I am leaving this one on my Avoid list for now.

As always, all comment most welcome!

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MrContrarian

12th Oct '18

My morning smallcap tweet: Middle East Symphony dissonance.

Symphony Environmental Technologies (LON:SYM), Carclo (LON:CAR), Veltyco (LON:VLTY)

Symphony Environment (SYM) warns FY rev only 6% up, broadly in line with market expectations. Guides FY earnings (pretax?) only £0.1m. F/C £0.5m. Blames timing of orders placed by distributors in the Middle East for d2w oxo-biodegradable plastic. It expects (hopes?) "an improvement in government enforcement actions and this, combined with an increase in the direct sales force of our Middle East distributors, is expected to generate a substantial increase in sales volumes."
Carclo (CAR) guides FY in line with board's expectations despite H1 underperformance at Technical Plastics. H2 willbe great due to "the full effect of the new programmes, expected customer timings on projects and the anticipated improvement in margins at Wipac in addition to cost saving initiatives, ramp up in production volumes and expected higher design and tooling profits in Technical Plastics." Lots of fingers crossed there.
Veltyco Group (VLTY) CEO leaves after only 6 months. She is thanked!

andrea34

The share price of Carclo (LON:CAR) has unsurprisingly been given the barge pole treatment. I expect that they didn't expect that they would have to used the word 'expected' quite a lot of times before this update arrived!!! Their history has been very ropy, and I expect it to continue to be so.

I think most investors on here should have expected the latest update from Symphony Environmental Technologies (LON:SYM) as the last set of results (with profit only +18% I recall) were pretty mediocre, and the amount of psychobabble that they generate to prop up the share price is more than I think I've ever seen in a company.

A very quite Friday... have a nice weekend.

matylda

Can't believe Symphony Environmental Technologies (LON:SYM) was on a PER approaching 100 less than 6 months ago - However, on a PER of 20 or so it could become worth a look although the Market Cap would then be tiny.

Good weekend to you and thanks as always for your comment.

Asagi

Following the alleged fraud at Patisserie Holdings (LON:CAKE) we this morning learn that the (suspended) Group FD, Chris Marsh, has been arrested and bailed.

https://www.investegate.co.uk/patisserie-hldgs-plc--cake-/rns/finance-director/201810120852528716D/

Asagi (no position)

I Read The News Today Oh Boy! 12-Oct-2018

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Matylda

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