I Read The News Today Oh Boy! 16-May-2018

Wednesday, May 16 2018 by
15

Morning all!

Speedy Hire ( Speedy Hire (LON:SDY) ) – 59p – £309.0m – PER 12.9

Results For The 12 Months To End March 2018 – Revenue up 6.4% to £371.6m (2017: £349.1m), Adjusted PBT up 59.9% to £25.9m (2017: £16.2m), Net Debt reduced to £69.4m (2017: £71.4m) after £21.3m of acquisition spend, Adjusted EPS 4.04p (2017: 2.45 pence), FY Dividend up 65.0% to 1.65p (2017: 1.00p). New year started well, confident to deliver in-line.

These results (except the Dividend) seem like a bit of a miss to me - Based on the numbers I am looking at (on Stockopdeia). Nevertheless, there’s not enough here to tempt me, I’m Neutral.

Moss Bros ( Moss Bros (LON:MOSB) ) – 47.05p – £47.4m – PER 22.6

Trading Update For The 15 Weeks 28 January 2018 To 12 May 2018 – Trading has improved since the last update (in March) but Sales are still down.

Leaving this on my Avoid list for now.

Best Of The Best ( Best Of The Best (LON:BOTB) ) – 218p – £22.0m – PER 23.5

Trading Update For The 12 Months To End April 2018 – Comfortably in-line with managements expectations – On-line growing (moving away from physical sites). Extended offering from cars to watches, motorbikes and other luxery items.

Covered this as it was >£30m when I first covered it. I like the idea here but I don’t like the spread or the fact it’s forecast for reduced EPS for 2018 and 2019 (even on increased revenue).

As always, all comment most welcome!

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Speedy Hire Plc is a tools, equipment and plant hire services company. The Company's segments include UK & Ireland Asset Services and International Asset Services. UK & Ireland Asset Services delivers asset management and focuses on relationship management. International Asset Services delivers overseas projects and facilities management contracts by providing a managed site support service. Its geographical segments include UK, Ireland and Other countries. It operates across the construction, infrastructure and industrial markets. Its hire fleet comprises a range of small tools, specialist equipment, and large plant vehicles and machinery. It also retails a range of tools and equipment, as well as safety personal protective equipment (PPE) and site supplies. It also offers various services, such as on-site operative training, test and repair, fuel supply and management, industrial shutdown project management, on-site depots and hire desks. It also offers partnered services. more »

LSE Price
53.6p
Change
-0.7%
Mkt Cap (£m)
281.6
P/E (fwd)
9.2
Yield (fwd)
4.4

Moss Bros Group PLC is engaged in retailing and hiring formal wear for men. The Company operates through Moss Bros branded mainstream stores. The Company's segments include Retail and Hire. The Company offers various types of suits, skirts, jackets, trousers, coats, casualwear, ties, shoes and accessories. The Company offers clothing and accessories for various occasions, including weddings, prom, race day suit, tuxedo and black tie, interview attire and graduation. The Company also trades through Savoy Taylors Guild fascia. It has approximately 100 Moss Bros and Savoy Taylors Guild branded stores and over 20 Moss Bros outlet stores, which trade Moss Bros own brands and selected third-party brands, including Hugo Boss, Canali, Ted Baker, DKNY and French Connection. The Company has approximately 120 Moss Bros Hire outlets, which are contained within Moss Bros Retail and Savoy Taylors Guild Stores. The Company's sub brands consist of Moss London, Moss 1851 and Moss Esq. more »

LSE Price
19.23p
Change
 
Mkt Cap (£m)
19.4
P/E (fwd)
2,986
Yield (fwd)
n/a

Best of the Best Plc runs car competitions. The Company displays luxury cars as competition prizes in rented retail space within airport terminals, at shopping centers and online. The Company is engaged in selling tickets to passing airport passengers, as well as from online customers through its Website. The Company operates from approximately eight United Kingdom and over two international airport sites, as well as approximately from three shopping centers. The Company operates from various airport sites located at Gatwick North, Gatwick South, Birmingham, Manchester Terminal 1, Edinburgh, Dublin's Terminal 2 and Westfield shopping center located in London's Shepherds Bush. The Company's Indian franchise trades under the BOTB brand from Hyderabad airport. The Company carries out its principal operations in the United Kingdom. The Company's subsidiary is Best of the Best ApS. more »

LSE Price
285p
Change
 
Mkt Cap (£m)
26.7
P/E (fwd)
16.0
Yield (fwd)
0.8



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


4 Posts on this Thread show/hide all

MrContrarian 16th May '18 1 of 4
6

My morning smallcap tweet: CEO name of the day: Brian Brick of Moss Bros.

Webis Holding (LON:WEB), Falanx (LON:FLX), Itaconix (LON:ITX), OptiBiotix Health (LON:OPTI), LoopUp (LON:LOOP), Volex (LON:VLX)

Webis Holdings (WEB) "welcomes Monday's landmark Supreme Court ruling which paves the way to legalizing wagering on sports in the United States, subject to individual State legislation. While the ruling will not have an immediate impact on revenue levels until individual State legislation is in place, the Board considers the announcement as a positive boost for our US operations. Draft legislation is in preparation in up to seventeen US states, most importantly including California."
Falanx Group (FLX) contract wins worth ~£0.9m since the acquisition of First Base at the end of March.
Itaconix (ITX) AkzoNobel's Chelates business intends to enter into a joint marketing effort related to Itaconix's bio-based chelates for use in the consumer and industrial detergents and cleaners markets.
Optibiotix Health (OPTI) five year agreement with Akums Drugs and Pharmaceuticals to exclusively manufacture and supply products containing OptiBiotix's cholesterol and blood pressure reducing strain LPLDL, in India.They are excited.
LoopUp Group (LOOP) placing at 400p, an 8% disc, to fund acquisition.
Volex (VLX) nil dicount placing at 75p to fund acquisition.

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IGotPoesJacket 16th May '18 2 of 4
3

Sosandar (LON:SOS) release trading update. Revenue for y/e 31st March 1.34M which I think is 34% beat off top of my head. March record sales month, April 32% better than that.
Again iirc, target for 31st March 2019 is £3m. Some really quick maths - again iirc revenue at 31st Dec was £849,000 so they've added £490k in 3 months. That's £160k pm, so looks like April is significantly over £200k. £3M for the full year is £250k pm, I guess they're already nearing that figure and consequently feel they should be able to smash the £3M target.
Haven't got much time as I head to work, please check the numbers, if they are wrong, please accept my apologies.

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matylda 16th May '18 3 of 4
4

In reply to post #364215

Thanks - I spotted the Sosandar (LON:SOS) update - Pity there's no mention of spend or cash left?

Blog: Briefed Up
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andrea34l 16th May '18 4 of 4
1

New investment announced by Draper Esprit (LON:GROW) - £10.0m investment in Aircall, a French cloud-based call centre software business. Draper Esprit-led Series B funding round brings the total funds raised by Aircall to $40.5 million to date. The new investment is to accelerate the buildout of its cloud-based phone system, and invest in further senior hires in U.S./Europe. Aircall was founded in 2014 to create a platform that would make phone support easy to manage. It now offers instant phone numbers in over 40 countries, provides a collaborative phone app to let teams share and follow-up on calls and connects to any CRM or customer support tool.

The KPIs mentioned by Sosandar (LON:SOS) all look pretty good, especially the 553% increase in repeat orders (admittedly from a low base) which presumably indicates customer satisfaction. The margin improvement is also welcome.

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