I Read The News Today Oh Boy! 16-Nov-2017

Thursday, Nov 16 2017 by
11

Morning All!

Iofina ( Iofina (LON:IOF) ) – 16-Nov-2017 – 14.88p – £19.0m – PER n/a

Market Update – A reassurance that a new structure project is on progress and that it expects to meet or exceed the upper end of its H2 2017 production forecasts (225 – 240 MT).

It sounds like an interesting enough company. However, it’s still loss making and it’s got Net Debt of almost 100% of it’s Mkt Cap - I just can’t bring myself to consider investing in this at present.

Vitec ( Vitec (LON:VTC) ) – 16-Nov-2017 – 1045p – £479.9m – PER 14.3

Trading Statement – In-line.

Almost doubled in the past 12 months this is ticking a lot of boxes. It’s now going on my Watchlist, my thought being 930p is the technical low – So a 1000p entry or thereabouts and a 900p gives a low enough risk investment.

Clipper Logistics ( Clipper Logistics (LON:CLG) ) – 16-Nov-2017 – 395p – £396.1m – PER 22.0

Trading Update – In-line - With recent acquisitions integrated and also in-line with expectations. Board remains confident.

I really like this, it’s on my Watchlist.

Macfarlane ( Macfarlane (LON:MACF) ) – 16-Nov-2017 – 74p – £116.6m – PER 10.9

Interim Management Statement For The Period 30 June 2017 to 31 October 2017 – “Board remains confident that full year expectations will be met".

Always quite fancied this around the 60p mark with a, say, 50p Stop. There’s quite a lot to like, rising Revenues, Profits, EPS, a ROCE of 15%, a decent well covered 3% Dividend. Any downside is that 20% of Mkt Cap Net Debt but the ROCE of 15% means that’s less scary to me.  Based on the fact it’s trebled in the past 5 years and it’s on a PER of 10 I wonder why I am not involved here from the 60p area (I've had my chances). This is still on my Watchlist at 60p but I am thinking, on a lowly PER of 10.9, it may well be worth raising the bar here.

Dods ( Dods (LON:DODS) ) – 16-Nov-2017 – 13.63p – £46.4m – PER 27.3

Interim Results For The 6 Months Ended September 2017 – Looks like an in-line update to me.

Seems like a company that’s growing at about 10% or so a year. On a PER of almost 30 I would want more than that.

Keeping an eye on a few of these, particular if we get a general correction here. 


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Iofina plc is a holding company. The Company is involved in the exploration and production of iodine, iodine specialty chemical derivatives, produced water and natural gas. Its segments are Iodine and Iodine Derivatives, and Montana. The activities of the Iodine and Iodine Derivatives segment include the production of raw iodine, and the production of iodine derivatives and other non-iodine based chemical derivatives. The Montana segment includes the Atlantis Field project for the exploration and production of natural gas, iodine and water for use in various applications, and the Montana Water Depot project, which includes volumes of water retrieved, stored and shipped to customers in close proximity to be used mainly for fracking. It is also engaged in recycling of iodine using iodinated side-streams from waste chemical processes in Europe, North America and Asia. Its Wellhead Extraction Technology (WET) and WET IOsorb methods enable the co-production of iodine from brine. more »

LSE Price
13.38p
Change
-5.3%
Mkt Cap (£m)
18.0
P/E (fwd)
n/a
Yield (fwd)
n/a

The Vitec Group plc is a United Kingdom-based company, which designs, manufactures and distributes branded products and services that enable end users to capture and share images. The Company's Photographic Division designs, manufactures and distributes branded photographic and video equipment, such as tripods, bags, filters and lights for professional and consumer photographers. Its geographic segments include the United Kingdom, the rest of Europe, Asia Pacific and the rest of the world. more »

LSE Price
1058p
Change
1.2%
Mkt Cap (£m)
470.1
P/E (fwd)
13.7
Yield (fwd)
2.9

Clipper Logistics plc is engaged in providing value-added logistics solutions and e-fulfilment and returns management services to the retail sector. The Company operates through two segments: Value-added logistics services and Commercial vehicles. The Value-added logistics services segment provide three business activities, which include e-fulfilment and returns management services, non e-fulfilment logistics and central logistics overheads. The Company's commercial vehicles segment includes sales, servicing and repairs. Its e-fulfilment and returns management services include the receipt, warehousing, stock management, picking, packing and dispatch of products on behalf of customers to support their online trading activities, as well as a range of ancillary support services including returns management, branded as Boomerang. It also undertakes retail support services, including processing, storage and distribution of products. It also provides consumer electronic repair services. more »

LSE Price
410p
Change
-1.4%
Mkt Cap (£m)
417.2
P/E (fwd)
23.0
Yield (fwd)
2.3



  Is Iofina fundamentally strong or weak? Find out More »


2 Posts on this Thread show/hide all

MrContrarian 16th Nov 1 of 2
2

My morning smallcap tweet:

Toople (LON:TOOP), Eastern European Property Fund (LON:EEP), Redt Energy (LON:RED), LXB Retail Properties (LON:LXB)

Toople (TOOP) 4 month trading. Orders still increasing month on month. "Digital marketing strategy has increased monthly customer lead generation numbers by over 100% compared to June...Despite the competitive market, monthly revenues have consistently exceeded £100k." In line? No indication.
Eastern European Property (EEP) will consult with holders on options to maximise value, inc de-listing and seeking an anchor tenant for the principal property in the short-term to facilitate a more attractive disposal in the medium-term.
RedT Energy (RED) wins first sales in Asia of its energy storage system.
LXB Retail Properties (LXB) Progress after a number of delays and unexpected costs. Rushden Lakes enhanced planning consent now beyond challenge. "That, coupled with further letting progress reported below, means that the revised agreement providing for The Crown Estate to fund the next two phases at Rushden Lakes is now unconditional...90% of the Phase 2 space is pre-let, with a further 2% in solicitors' hands. Phase 3 is 63% pre-let following the recent signing of an agreement for lease with Wren Kitchens for a 12,000 sq ft unit and another 20% is currently in solicitors' hands." I'm long.

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herbie47 16th Nov 2 of 2
4

I had a look at Vitec (LON:VTC), a few things put me off, large directors sales recently, EPS has been fairly flat for about 4 years but is showing some upturn now, debt still quite high, shares up over 40% this year, so I would want a bit more than just in line trading statement, this sort of business will be hit in a downturn.

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