I Read The News Today Oh Boy! 13-Mar-2018

Tuesday, Mar 13 2018 by
24

Morning all!

Applegreen ( Applegreen (LON:APGN) ) – 485p – £455.6m – PER 20.1

Preliminary Results For The 12 Months To End December 2017 – Revenue up 21% to €1,428.1m, Adjusted PBT up 17.7% to €24.6m, Adjusted EPS up 10.0% to 25.65c and Net Debt at €10.2m (31 December 2016: €19.4m). Grew estate by 99 sites to 342 sites and the Final Dividend will be 0.80c total for the year of 1.40c.

There’s quite a lot to like here, my concern is can it really grow. For that reason I will remain Neutral for now and keep an eye out for updates.

Brady ( Brady (LON:BRY) ) – 57.13p – £47.6m – PER 95.2

Preliminary Results For The 12 Months To End December 2017 – Revenue down, Loss After Tax up, Net Cash down.

I am just not interested in companies reporting results like this, it’s going on my Avoid list for now.

Gresham Technologies ( Gresham Technologies (LON:GHT) ) – 202p – £136.3m – PER 30.6

Results For The 12 Months To End December 2017 – Group revenues up 26% to £21.7m (2016: £17.2m), Statutory PBT up 41% to £3.1m (2016: £2.2m), Adjusted Diluted EPS up 38% to 6.5p (2016: 4.7 pence), Cash of £8.5m including £0.2m short-term bank deposits and no debt (2016: £7.2m and no debt). Progressive dividend policy initiated - Final dividend proposed at 0.5 pence per share (2016: nil).

Still quite like this but the outlook in the update is not the most inspiring for a company on a PER of 30+. For now, for the sake of keeping an eye on it, I will keep it on my Watchlist, 160p.

Goals Soccer Centres ( Goals Soccer Centres (LON:GOAL) ) – 65.5p – £49.3m – PER 8.97

Final Results For The 12 Months To End December 2017 – Revenue down slightly to £33.1m (£33.0m last time) with Underlying PBT of £6.2m (£7.7m last time) and Underlying Diluted EPS is 6.3p (9.7p last time). Net Debt is £29.8m (£24.1m last time).

I just can’t get enthused here at all.

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Applegreen plc is a petrol forecourt retailer in the Republic of Ireland and the United Kingdom. The Company's segments include Retail Ireland, Retail UK and Retail USA. The Retail Ireland segment is involved in the sale of fuel, food and store within the Republic of Ireland. Its Retail UK segment is involved in the sale of fuel, food and store within the United Kingdom. The Retail USA segment is involved in the sale of fuel and store within the United States. The Company has its own food offer through the Bakewell and aCafe brands. It has over three different site categories, such as Motorway Service Areas, Petrol Filling Stations and Dealers. It has approximately 200 sites, including over 130 sites in Republic of Ireland, approximately 60 sites in the United Kingdom and over five sites in Long Island, the United States. It operates a range of motorway service areas in the Republic of Ireland. Its subsidiaries include Petrogas Holdings Limited, Petrogas Group Limited and others. more »

LSE Price
496p
Change
4.1%
Mkt Cap (£m)
588.1
P/E (fwd)
14.7
Yield (fwd)
0.4

Brady plc is a United Kingdom-based provider of trading and risk management software to the global commodity and energy markets. The Company combines integrated and complete solutions supporting the commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, to back office financials and treasury settlement for energy, refined, unrefined and scrap metals, soft commodities and agriculture. The Company's business units are Commodities and Energy. Its clients include various financial institutions, trading companies, miners, refiners and producers, scrap processors, tier one banks, various London Metal Exchange (LME) Category 1, 2 clearing members, and other European energy generators, traders and consumers. It offers commodities solutions, energy solutions, credit risk, cloud services, and client services and support. more »

LSE Price
56.75p
Change
 
Mkt Cap (£m)
47.3
P/E (fwd)
26.4
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
115.3p
Change
0.3%
Mkt Cap (£m)
78.4
P/E (fwd)
62.2
Yield (fwd)
0.5



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


2 Posts on this Thread show/hide all

MrContrarian 13th Mar '18 1 of 2
3

My morning smallcap tweet:

Telit Communications (LON:TCM), Minoan (LON:MIN), SerVision (LON:SEV), Tasty (LON:TAST), French Connection (LON:FCCN)

Telit Communications (TCM) Mixed bag, mostly good. It has agreed a series of new and amended financial covenants. Will adopt "a conservative approach in the preparation of its results, and in particular with respect to the capitalisation of R&D expenditure...and a prudent level of provisions." Guides FY rev $374-376m and adjusted EBITDA in the region of $20-23m. Jan/Feb have been considerably stronger YoY and ahead of the Board's early expectations.
Minoan Group (MIN) An exclusivity agreement has been signed with the preferred buyer of the Travel & Leisure division. The Greek property market is finally showing signs of recovery . Also undertaking a small debt fundraising and issuing 1.3m shares at 6p (14% premium) which will enable it to meet its liabilities until the sale completes.
Servision (SEV) update re. suspension. Its principal trading co SerVision Limited may be saved. Likely that the operating subsidiaries (SerVision Limited and SerVision UK Limited) will be divested from the Company which would, as a result, becomea cash sheel and need refinancing. SO at best a big dilution.
Tasty (TAST) FY in line. "Market conditions have been increasingly challenging through 2017 and the Board's expectation is that there will be no improvement in this regard in 2018. "
French Connection (FCCN) FY rev up 0.5%, pretax -£2.3m (-£5.3m). Net cash £9.5m or 9.9p/sh (£13.5m). "Our goal has been to return the Group to profitability and I believe we are very close to achieving that aim."

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Beginner 13th Mar '18 2 of 2
3

Non-Standard Finance (LON:NSF) may be worth a look for those not repelled by the sector:
Loan book up 30% (in part due to acquisition)
Customer count up 16%
Impairment down at 24% (though this is not great)
Yield now 2.9%

New self-employed agents are being taken on (at the expense of Provident Financial (LON:PFG) )

'Current trading: Each of our businesses has made a good start to the year with continued strong loan book growth whilst maintaining tight control of impairment.'

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