I Read The News Today Oh Boy! 13-Jun-2019

Thursday, Jun 13 2019 by
10

Morning all!

Majestic Wine ( Majestic Wine (LON:WINE) ) – 318p – £229m – PER 22.8

Results For The 12 Months To 1st April 2019 – Revenue up 6.3%, Adjusted PBT down -34.5%, Adjusted EPS down similar to 14.7p, LBT of -£8.5m (£8.3m PBT last time), Final Dividend cancelled to be replaced by a Special Dividend later in the year.

Going through a transformation here and it's just too confusing for me at present – I will remain on the side-lines until things are a little clearer.

Onthemarket ( Onthemarket (LON:OTMP) ) – 105p – £66m – PER n/a

Results For The 12 Months To End January 2019 – Revenue up slightly, Operating Loss of -£13.6m (+£3.9m last time), Cash at £15.7m.

I remain uninterested here until I see more progress, at the moment it seems too much like a coin flip to me.

Sopheon ( Sopheon (LON:SPE) ) – 1140p – £116m – PER 22.9

AGM Statement – Confirms Revenue up 19%, PBT up 25%, Net Cash at $16.7m, all growth organic and Dividend will be increased 30%.

Still continue to kick myself for not paying up here sub 400p (not that long ago) but I still reckon it’s overvalued now at these levels.

Taptica International ( Taptica International (LON:TAP) ) – 98p – £125m – PER 2.8

AGM Statement – First 5 months Revenue lower than last year, buybacks continue.

I am still staying away from this for now – Just no idea if it's a viable business.

Volex ( Volex (LON:VLX) ) – 102p – £150m – PER 8.8

Results For The 12 Months To End March 2019 – Revenue up 15.4%, Underlying PBT up 108.2%, EPS up 42.7% (to 12.7c) with Net Cash at $20.6m ($9.9m last time). Expects to reinstate Dividend at next Interims.

Looks like a slight beat on the forecasts I had – I remain Long here. 

As always, all comment most welcome!

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Naked Wines PLC, formerly Majestic Wine PLC, is a United Kingdom-based wine retailer. The Company is engaged in the retailing of wines, beers and spirits. The Company operates through four segments: Retail, Commercial, Naked Wines and Lay & Wheeler. The Retail segment is a customer based wine retailer, selling wine, beer and spirits from stores across the United Kingdom, and online, and also incorporates the Company's French business. The Commercial segment is a business-to-business wine retailer selling to pubs, restaurants and events. The Lay & Wheeler segment is a specialist in the wine market and also provides cellarage services to customers. The Naked Wines segment is a customer funded international online wine retailer. Its subsidiaries include Majestic Wine Warehouses Limited, Lay & Wheeler Limited, Les Celliers de Calais S.A.S., Majestic Wine Employee Share Ownership Trust Limited, Naked Wines International, Nakedwines.com Inc. and Vinotheque Holdings Limited. more »

LSE Price
259p
Change
0.8%
Mkt Cap (£m)
186.7
P/E (fwd)
17.8
Yield (fwd)
2.1

OnTheMarket plc is a United Kingdom-based holding company that provides online property portal services to businesses in the estate and lettings agency industry. The Company operates the United Kingdom online residential property portal, OnTheMarket.com. The Company's portal allows agents to display their properties to an audience of property seekers. Its online platform offers a search service and lists of homes for sale or to rent. The Company's portal offers saved search and property alert facilities to property seekers by creating a MyOnTheMarket account. Its portal provides an access to tools that enables manual property uploading, editing of property details and branch details. The Company serves home developers, online agent companies, commercials and property advertisers. The Company's subsidiary include Agents' Mutual Limited and On The Market (Europe) Limited. more »

LSE Price
96.5p
Change
 
Mkt Cap (£m)
61.5
P/E (fwd)
23.1
Yield (fwd)
n/a

Sopheon plc is a United Kingdom-based company, which is engaged in the provision of software and services in the product lifecycle management (PLM) market. The Company operates in two segments: North America and Europe. Its Accolade solution provides integrated support for innovation planning, roadmapping, idea and concept development, process, project, portfolio, resource and in-market management. Its offerings include alignment of long-term innovation plans with market requirements, industry regulations, and supply chain capabilities; generation and development of ideas and concepts to fill gaps relevant to achieving strategic initiatives; process and project management that tracks and enables decision making, focused on evaluating projects associated with innovation initiatives, and data management, analytics and integrity tools. Its subsidiaries include Sopheon Corporation, Alignent Software, Inc., Sopheon NV, Sopheon UK Ltd and Sopheon GmbH. more »

LSE Price
782p
Change
 
Mkt Cap (£m)
79.4
P/E (fwd)
18.6
Yield (fwd)
0.5



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


4 Posts on this Thread show/hide all

MrContrarian 13th Jun 1 of 4
1

My morning smallcap tweet: Zambeef still tough

Ten Lifestyle (LON:TENG), ValiRx (LON:VAL), NWF (LON:NWF), Sopheon (LON:SPE), Zambeef Products (LON:ZAM)

Ten Lifestyle Group (TENG) wins concierge contract with a Chinese bank. Initially <£250k PA but is expected to grow into a Medium contract (up to £2m) within 12 months and over £2m in the coming years.
ValiRx (VAL) a keep-the-lights-on small placing at 0.2p, a 33% discount. Free warrants. Expects £550k cash soon from asset sale and R&D tax credit.
Nwf Group (NWF) guides FY above market expectations. No numbers.
Sopheon (SPE) AGM stmt: FY rev visibility from contracted business and recurring revenue streams is flat at $23m. "We expect this to rise sharply through the summer. In previous years we have typically had a stronger second half and fourth quarter in particular, and we expect 2019 to follow this pattern."
Zambeef Products (ZAM) H1. Outlook "We anticipate the macro-economic climate to remain challenging in H2. The depreciation of the Kwacha in May, and continued concerns...over Zambian government debt repayments, is likely to place renewed pressure on market sentiment, investment and ultimately consumer spending..."

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andrea34l 13th Jun 2 of 4

The results from Volex (LON:VLX) look SMASHING to me, with profit up over 40% even after incurring expenses to move production out of China. I have doubled my holding this morning... although my purchase was tiny compared to the buy of 200k shares that went through at 8.08! The chart looks great too!

Are you sure your update is correct about Sopheon (LON:SPE) as, to me, the first piece in the AGM is simply frothing about last years results? Current trading is actually flat, with things expected to pick up in Q2. Share price unsurprisingly down 5.5%.

Results from not-so-small-cap DS Smith (LON:SMDS) look quite good to me, with revenue +12% and adjusted operating profit +28%; the valuation looks modest enough at PER 10.5 with eps 33p. ROCE is now above 10%, +130bps. There is a bit of H2 softening in Germany, and North America was a little constrained by capacity. I hold.

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matylda 13th Jun 3 of 4
1

Volex (LON:VLX) - I thought the results looked good too - Price now down!

Sopheon (LON:SPE) - I actually thought this looked OK - Current trading is flat but as you say expected to pick up and meet FY expectations - Price now recovered!

DS Smith (LON:SMDS) - Not looked at this before but does, as you suggest, look quite good on a single digit PER with a 4% or so yield - Looks a little unloved.

It's a funny ol' game!

Blog: Briefed Up
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herbie47 13th Jun 4 of 4

In reply to post #483511

Sopheon (LON:SPE) is up now but the spread is around 7%, too wide for me.

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