I Read The News Today Oh Boy! 15-Oct-2018

Monday, Oct 15 2018 by
11

Morning all!

Cake Box Holdings ( Cake Box Holdings (LON:CBOX) ) – 163.5p – £65.4m – PER 23.6

Trading Update For The 6 Months To End September 2018 – Expects Revenue to be up circa 40% to circa £8.3m - Expects FY Profits to be ahead of current market expectations.

First coverage here for me, looks good but I have no idea what current market expectations are, based on Stockopedia and Research Tree – Great, nice one guys, isolate us Private Investors why don’t you!

Shoe Zone ( Shoe Zone (LON:SHOE) ) – 164.5p – £82.1m – PER 10.0

Trading Update For The 52 Weeks To The 29th September 2018 – Expects to report Revenue up 1.8% to £161m (£157.8m last time), PBT to be ahead of market expectations at £11m+. Net Cash strong and expects to pay a Special Dividend, seems like about 5%. This year has started well.

Nice to see a “high street” retailer doing well, the Dividend (plus the Special Dividend) comes in at 10%+, even I am quite tempted to get off my Neutral stance here – Adding it to the Watchlist.

As always, all comment most welcome!


Disclaimer:  

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MrContrarian 15th Oct 1 of 1
4

My morning smallcap tweet: SHOE not dragging its feet.

Active Energy (LON:AEG), IDE Group (LON:IDE), SysGroup (LON:SYS)1, Shoe Zone (LON:SHOE), Mincon (LON:MCON), Velocys (LON:VLS)

Active Energy Group (AEG) US JV "to advance the commercial development of CoalSwitch fuel into operational power plants, develop organic waste fertilizer products and utilise the Company's existing CoalSwitchand PeatSwitch™ technologies for complementary sales of biomass..."This agreement will shorten the time scales for large scale commercialisation of our CoalSwitch and PeatSwitch products."
IDE Group Holdings (IDE) MBO of subsidiary 365 ITMS for £3m. 365 had rev of £10.4m and adjusted EBITDA of £0.4m.
System1 Group (SYS1) H1 trading. Gross profit miss, will be 5% down. Underlying Pre-tax, pre-Ad Ratings product investment (£1.7m) and share based payments expected to be around £1.9m up 73%. Further material investment will take place during H2. Net funds £3.6m (£5.8m at end-March 2018).
Shoe Zone (SHOE) guides FY rev up 2%, pretax over £11m, ahead of market expectations .Net cash £15.7m. Expect £4m special div but not till March 2019, a tardy 6 months after FY end!
Mincon Group (MCON) hydraulic DTH hammer system ("Greenhammer") test failure on final component attachment. The testing team will design a more robust thread. Not a major issue but may cause a delay of some weeks.
Velosys (VLS) tries to reassure on recent SP fall. Has 'cash resources' over £10m.

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