I Read The News Today Oh Boy! 16-Nov-2018
Morning all!
Eagle Eye Solutions ( Eagle Eye Solutions (LON:EYE) ) – 124p – £31.6m – PER n/a
AGM Statement –Q1 Revenue up (26%) and EBITDA Loss is narrowing.
Not enough in that statement to take me away from Neutral.
Trakm8 Holdings ( Trakm8 Holdings (LON:TRAK) ) – 64.5p – £23.4m – PER 6.9
Unaudited Results For The 6 Months To End September 2018 – Ouch! Revenue down -38%, Big Loss (-£2.45m) versus a Profit last time (£0.36m), Net Debt more than doubled (to £5.73m) and Adjusted Basis EPS is negative (positive last time). Revenue this year expected to be 20% or so below FY 2018 and a Loss is expected.
I have never been able to get excited about this company and I remain Neutral – Providing coverage (below my usual £30m Market Cap limit) only because it was worth 5x more than this not so long back (2 years or so).
As always, all comment most welcome!
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1 comment
My morning smallcap tweet: TRAK driving with no visibility.
Trakm8 Holdings (LON:TRAK), £AD4, STM (LON:STM)
Trakm8 (TRAK) H1 and huge warning only 2 months after an in-line stmt. H1 re down 38% and adj EPS -4.94p (+2.15p). Guides FY rev down 20-25%.vs F/C +9%. Blames delays in decisions by customers, a move to a rental model in the automotive space, and the loss, due to sanctions, of a multi-million-pound contract for the supply of Insurance solutions into Iran. I thought everyone knew about Iran sanctions. Too busy to read the papers? Doesn't guide loss level.
Adept4 (AD4) guides FY rev flat, Trading Group EBITDA down at ~£0.6m.
STM Group (STM) CEO won't be charged by Gibraltar police in the matter of a client's tax dispute.