I Read The News Today Oh Boy! 14-Jun-2019

Friday, Jun 14 2019 by
14

Morning all!

Alumasc ( Alumasc (LON:ALU) ) – 103p – £37m – PER 6.2

Trading Update For The 12 Months To End June 2019 – PBT to be 10-15% below expectations, progressive Dividend paused, will be 7.35p, same as last year.

This is what I said last time " Looks like value to be had here if forecasts are met, I am just not convinced they will be" – So I will remain on the side-lines and keep an eye out for actuals.

Myclex Technologies ( Mycelx Technologies (LON:MYX) ) – 188p – £37m – PER 16.1

Trading Update – Trading Q1 but delays to some projects, moved to 2020. Revenue and Profit to be below expectations, circa $20m and $0.5m.

I am Long here and may well be changing that position this morning - This looks like a HUGE miss!

SThree ( SThree (LON:STHR) ) – 276p – £362m – PER 8.1

H1 Trading Update – In-line, FY expectations unchanged.

Still tempted here, there's a 5% yield on offer. However, the recruitment sector is still not one I have a conviction for at present, if or when I do, I will probably be involved here.

Walker Greenback ( Walker Greenbank (LON:WGB) ) – 76p – £54m – PER 9

AGM Statement – In-line.

Still can't get too excited here. 

As always, all comment most welcome!

Unlock this article instantly by logging into your account

Don’t have an account? Register for free and we’ll get out your way

Disclaimer:  

As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.


Do you like this Post?
Yes
No
14 thumbs up
0 thumbs down
Share this post with friends



The Alumasc Group plc is a building products, systems and solutions company. The Company's segments include, Solar Shading & Screening, Roofing & Walling, Water Management, and Housebuilding & Ancillary Products. The Solar Shading & Screening segment offers Levolux's architectural solutions, which are used to shade and screen buildings. The Company creates bespoke balcony and balustrading solutions. The Roofing & Walling segment provides waterproofing systems for flat roofs, roofing support services, exterior wall insulation systems and facade systems. The Water Management segment provides a range of industry solutions to help manage water originating inside or outside of the buildings and convey it in a controlled and safe way to discharge into water courses, sewers of the ground. The Housebuilding & Ancillary Products segment offers house building and ancillary products, such as ventilation products, cavity closers and trays, access panels, loft doors and dry roof verge products. more »

LSE Price
92.5p
Change
 
Mkt Cap (£m)
33.4
P/E (fwd)
5.6
Yield (fwd)
8.2

MYCELX Technologies Corporation (MYCELX) is a clean water technology company. The Company offers solutions for the oil and gas industry's water treatment needs. It provides water treatment solutions to the oil and gas, power, marine and heavy manufacturing sectors. It provides clean water technology equipment and related services. Its MYCELX polymer uses molecular cohesion to remove oil from water to levels the customers require. The core of the MYCELX solution is the MYCELX compound, which consists of a chemical polymer that is infused in the consumable media. The Company sells consumable filtration media on a long-term, recurring basis. It also offers technical services on a recurring basis. It provides water services to manufacturing; power and utilities; facilities and ground water remediation; marine; air filtration, and still response. The MYCELX systems remove oil to low levels in a smaller physical footprint. MYCELX can achieve oil removal to less than one part per million. more »

LSE Price
92.5p
Change
-2.6%
Mkt Cap (£m)
18.5
P/E (fwd)
9.1
Yield (fwd)
n/a

SThree plc is an international staffing company, which provides specialist recruitment services in the science, technology, engineering and mathematics (STEM) industries. The Company provides permanent and contract staff to sectors, including information and communication technology (ICT), banking and finance, life sciences, engineering and energy. The Company's segments include the United Kingdom & Ireland (UK&I), Continental Europe, the USA, and Asia Pacific & Middle East (APAC & ME). The Company's recruitment brands include Computer Futures, Progressive Recruitment, Huxley and Real Staffing. The Company's other brands include Global Enterprise Partners, Hyden, JP Gray, Madison Black, Newington International and Orgtel. The Company delivers contract, permanent, projects, retained and executive search recruitment solutions. Its support and mobility services offer contracting, relocation and relevant visa support. It provides resources to support its brands with contractor services. more »

LSE Price
278p
Change
2.6%
Mkt Cap (£m)
354.9
P/E (fwd)
7.8
Yield (fwd)
5.7



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


6 Posts on this Thread show/hide all

MrContrarian 14th Jun 1 of 6
2

My morning smallcap tweet:

Cerillion (LON:CER), Wincanton (LON:WIN), St Peter Port Capital (LON:SPPC), Biome Technologies (LON:BIOM), Alumasc (LON:ALU)

Cerillion (CER) wins a major contract worth an initial £5.1m with the Danish telecom and utility company, It 'supports existing market forecasts'.
Wincanton (WIN) wins 'significant' 5 year contract from Morrisons to manage all transportation planning and operations from three distribution centres.
St Peter Port Capital (SPPC) FY. NAV 17.21p/sh, down 17% due to write-downs. Still no progress on realising any of investments. Cost cutting of £340k PA, "Nevertheless, there is a minimum cost below which it is simply not possible for an AIM-traded, Guernsey company to operate." Exploring adding a new theme to investment strategy whilst continuing to seek the realisation of the Company's existing portfolio..
Biome Technologies (BIOM) commercial production of the new heat stable material has commenced. Expect sales imminently fot cutlery application and H2 for the long awaited rigid ring for the coffee pod market once final testing has been completed.
Alumasc Group (ALU) guides FY adj pretax 10-15% below its previous expectations.Will maintain the 7.35p FY div.

| Link | Share
wilkonz 14th Jun 2 of 6
1

As always many thanks for your insights. Do you have any views on the continued prospects of SCISYS group £SSY? The price has jumped by over 20% today to 244 pence.

| Link | Share | 1 reply
wilkonz 14th Jun 3 of 6

Scisys (LON:SSY) - apologies the ticker didn't come out on the last post for some reason. William

| Link | Share
matylda 14th Jun 4 of 6
1

SysGroup (LON:SYS) - Not something I have ever held but I did notice a discussion here on the subject - https://www.stockopedia.com/content/scisys-lonssy-takeover-thread-483871/

Blog: Briefed Up
| Link | Share
andrea34l 14th Jun 5 of 6
2

Frontier IP (LON:FIPP) posts an announcement from portfolio company Exscientia, a world leader in artificial intelligence ("AI") drug discovery, that it has entered into a drug-discovery partnership with GT Apeiron Therapeutics.

I'm sorry about your upset with Mycelx Technologies (LON:MYX) Matylda - I did come fairly close to buying, but I just couldn't understand why trading in the shares was so sporadic after such exceptional results in the year past. This looks to be a HUGE drop in results this year. In the finals the directors did admit that forecasting is difficult; I'd be waiting to see what the interims are like.

Finals from Mountfield (LON:MOGP) are out today which look good overall, with profit +28% and revenue up a not dissimilar amount (too lazy to get the calculator out this morning). However, eps is almost stationary due to a much higher tax charge. Two things dissuade me from wanting to buy: (1) The CAF division turnover is slightly down with profit down 30-40% and (2) the order book is actually almost flat at £16.4m, up only 0.2m on last year which seems a bit odd considering the big rise in turnover in MBG and also that the company says they have been concentrating on building the order book of CAF with some smaller contracts... so I'm guessing not very many of them to-date.

Acquisition announced by RM (LON:RM.) of Sonet Systems in Australia, boosting their presence in that region. Paying £7.3m for a company with turnover of £3m (profit figures not stated) doesn't seem excessive. (I hold).

M P Evans (LON:MPE) make an AGM announcement stating crops about 5% higher with production of palm oil almost flat. I didn't know what the company did... and now I do I have zero interest - a dull company liable to be upset by weather anomalies, such as tropical storms and typhoons.

Thanks for all the reports this week; have a nice weekend all.

Andrea

| Link | Share
andrea34l 14th Jun 6 of 6

In reply to post #483866

Scisys (LON:SSY) have announced a recommend offer at 254p by CGI Inc; I'm rather fed up as I sold a long time ago :-(

| Link | Share

Please subscribe to submit a comment



 Are LON:ALU's fundamentals sound as an investment? Find out More »





Stock Picking Tutorial Centre



Let’s get you setup so you get the most out of our service
Done, Let's add some stocks
Brilliant - You've created a folio! Now let's add some stocks to it.

  • Apple (AAPL)

  • Shell (RDSA)

  • Twitter (TWTR)

  • Volkswagon AG (VOK)

  • McDonalds (MCD)

  • Vodafone (VOD)

  • Barratt Homes (BDEV)

  • Microsoft (MSFT)

  • Tesco (TSCO)
Save and show me my analysis