I Read The News Today Oh Boy! 15-Aug-2017

Tuesday, Aug 15 2017 by
18

Morning All!

Quite a lot to get through this morning, phew!

Castings (£CGS)Interim Management Statement – This statement by this iron casting and machining company confirms things are progressing as outlined in the chairman’s statement in June. Boring companies are sometimes great investments but this one just seems to be “boring” as an investment too – The 5 year chart confirms. With projected Revenue and Profits in 2019 similar to those of 2016, I don’t see much attraction here.

H & T (£HAT)Interim Results To End June 2017 - Shares in this Pawnbroker collapsed in 2013, I have a vague recollection that it was related to the drop in the Gold price, but I may be wrong. Anyway, it’s made a decent recovery back to those pre-collapse levels and doesn’t look too bad here. It’s reporting a 60%+ increase in PBT in this statement (to £6m) and confirmed the loan book is up 87%. New products (longer term loans, high-end watches and an improved website) are now in place and should provide scope for additional growth. All in all a decent update for a company that could also gain tailwind from a down-turn in the economy (and a rise in the price of Gold) - Perhaps worth a look as a bit of a defensive play even!

Ingenta (£ING)Trading Update To End June 2017 – An in-line statement. The Content Management area is quite crowded and the high level figures here are OK, it’s making a little profit and it’s got some cash, ROCE is decent at 12.9%. But, I just see anything to excite me here at present. Stop press - Not much in the way of detail but also announced a contract win this morning here.

Jackpotjoy (£JPJ)Results For 3 And 6 Months To End June 2017 - This on-line bingo operator (the biggest in the world) has not done a great deal since floating at the beginning of the year, it’s up maybe 10% or so. It’s not yet making a profit, it’s got debt (50% of Mkt Cap (40% now according to this report)) and there’s no dividend. This company does though have a decent “moat” in this area and if it turns the forecast £89m profit this…

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Castings P.L.C. is an iron casting and machining company. The Company caters to both domestic and export markets. Its segments include Foundry operations and Machining. The Company has over three trading operations, including Castings (Brownhills), William Lee Limited and CNC Speedwell Limited. Castings (Brownhills) supplies spheroidal graphite (SG) iron castings to a range of manufacturing industries from its mechanized foundries. William Lee Limited supplies SG iron castings from its foundries in Dronfield, Derbyshire. CNC Speedwell Limited is a machining operation primarily focused on the prismatic machining of iron and aluminum castings from its sites in Brownhills and Fradley. It produces ductile iron castings, SG iron castings, austempered ductile iron (ADI) castings, Simo castings and nickel (Ni)-resist castings up to approximately 40 kilograms in weight using over four Disamatic molding machines and approximately three horizontal Green Sand molding machines. more »

LSE Price
428p
Change
0.7%
Mkt Cap (£m)
186.7
P/E (fwd)
12.3
Yield (fwd)
3.6

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
330.5p
Change
-1.1%
Mkt Cap (£m)
131.2
P/E (fwd)
9.2
Yield (fwd)
3.6

Ingenta plc, formerly Publishing Technology plc, is a provider of content management, advertising and commercial enterprise solutions and services to publishers, information providers, academic libraries and institutions. The Company's segments include Commercial products, Content products, Vista and Publishers Communication Group (PCG). Its Commercial products consist of Ingenta Product Manager, Ingenta Rights, Ingenta Royalties and Ingenta Order to Cash (OTC). Intenga Advertising is a browser-based multimedia advertising, customer relationship management (CRM) and sales management platform for content providers. The Ingenta CMS platform is a hosting solution. It also offers Ingenta CMS GO! and Ingenta Connect. Ingenta E-commerce manages business models. PCG is a sales and marketing consultancy. Vista provides services to support the heritage author2reader publishing management system. Content products help content providers sell their content online. more »

LSE Price
67.5p
Change
 
Mkt Cap (£m)
11.4
P/E (fwd)
n/a
Yield (fwd)
n/a



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


9 Posts on this Thread show/hide all

Carcosa 15th Aug '17 1 of 9

Deleted (Duplicate)

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Carcosa 15th Aug '17 2 of 9

Possible Merger  with Deltic (http://delticgroup.co.uk/) the leading specialist late-night operator in the UK rejected by Revolution Bars (LON:RBG) 

Opening share price barely moves. Odd.

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doug2500 15th Aug '17 3 of 9
1

Thalassa Holdings (LON:THAL) announces the sale of part of the business. Not sure what they'll do with the cash but this will leave it as a pretty small company with heaps of cash (the status quo but even more so).

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Ramridge 15th Aug '17 4 of 9
1

Re. H & T (LON:HAT) This share makes up 25% of our Graham's portfolio. I am sure he will give it extensive coverage later today. Results look very good and I was tempted to take a holding.

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GJR 15th Aug '17 5 of 9
2

CAP XX (LON:CPX) announces first major order for its 'thin' supercapacitor . Company is roughly break even at the mo , been watching since they were 5p as a bit of a jam tomorrow stock , now at 13p 20% rise today . Could the jam have arrived? The market for supercapacitors is potentially massive.

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Howard Marx 15th Aug '17 6 of 9
2

In reply to post #208358

Have I got this right?

  • Deltic want Revolution Bars (LON:RBG) to acquire them
  • The Deltic management will then run the combined business


Why would the management of Revolution Bars (LON:RBG) even consider this? Bizarre!

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vik2001 15th Aug '17 7 of 9

In reply to post #208398

that must be the reason RBG have declined the bid, and hence the share price has not really moved to much on the news

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Carcosa 15th Aug '17 8 of 9

In reply to post #208398

Revolution Bars (LON:RBG) should be considering the proposal in the interests of the shareholders if a realisable valuation in excess of 200p is forthcoming. After all directors are appointed by the shareholders to manage the business right? Yeah, well they would probably lose their jobs... Fiduciary duty and all that goes out of the window

However today's RNS solidifies the opinion of some that RBG may be of genuine interest to other parties.


Predicatabvle response from RBG: https://www.investegate.co.uk/...

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runthejoules 15th Aug '17 9 of 9

In reply to post #208388

I'm currently researching CAP XX (LON:CPX) - anyone taken a position, got some views?

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