I Read The News Today Oh Boy! 17-Apr-2019

Wednesday, Apr 17 2019 by
10

Morning all!

Dialight ( Dialight (LON:DIA) ) – 452p – £147m – PER 12.7

Trading Update – A strange update that doesn't actually say much.

I take updates that don't really say much as bad news so that means this will remain on my Avoid list for now.

Pendragon ( Pendragon (LON:PDG) ) – 25p – £350m – PER 8.9

Interim Management Statement For The 3 Months To End March 2019 – Revenue up slightly, margins down, made a Underlying LBT of -£2.8m (£10m lower than expectations) – Operational review in progress.

Still cannot get interested here (or in the sector in general) yet.

Zoo Digital ( Zoo Digital (LON:ZOO) ) – 55p – £41m – PER 28

Trading Update For The 12 Months To End March 2019 – Revenue to be in-line ($29m), H2 EBITDA to be break-even (H1 $0,5m), Net Cash of $1.8m.

Even well of it's highs there's still not enough to get me any more interested here yet. 

As always, all comment most welcome!

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Dialight plc is a holding company. The Company manufactures and sells lighting products in the industrial market. It operates through two segments: Lighting, and Signals and Components. Its Lighting segment develops, manufactures and supplies light emitting diode (LED) lighting solutions for hazardous and industrial applications, and includes anti-collision obstruction lighting. Its Signals and Components segment develops, manufactures and supplies status indication components for electronics original equipment manufacturers, together with industrial and automotive electronic components and LED signaling solutions for the traffic and signals markets. Its LED lighting solutions include Vigilant Industrial Solutions, DuroSite Industrial Solutions and StreetSense Infrastructure Solutions. Its LED signaling solutions include transportation signals, obstruction signals and SafeSite hazardous area signals. Its indication solutions include Circuit Board Indicators and Panel Mount Indicators. more »

LSE Price
509p
Change
-1.4%
Mkt Cap (£m)
167.9
P/E (fwd)
13.7
Yield (fwd)
2.0

Pendragon PLC is an automotive online retailer. The Company's principal market activities are the retailing of used and new vehicles and the service and repair of vehicles (aftersales). Its segments are Stratstone, which consists of its vehicles, truck and commercial vans brand, including the sale of new and used motor cars, motorbikes, trucks and vans, together with associated aftersales activities; Evans Halshaw, which consists of its volume brand, including the sale of new and used motor vehicles and commercial vans; US Motor Group, which consists of its retail operations in California in the United States, including the sale of new and used motor cars; Pinewood, which consists of its activities as a dealer management systems provider; Leasing, which consists of its contract hire and leasing activities; Quickco, which consists of its wholesale parts distribution businesses, and Central, which represents its head office function and includes all central activities. more »

LSE Price
17.7p
Change
-1.7%
Mkt Cap (£m)
251.4
P/E (fwd)
33.1
Yield (fwd)
6.5

ZOO Digital Group plc is a holding company. The Company's principal activities include provision of a range of services to allow television and movie content to be subtitled in any language and prepared for sale with online retailers, and research and development of productivity software in those areas. The Company operates through two segments: Software solutions, which includes development, consultancy and software sales, and Media production, which includes localization and design. The Company offers services, including subtitling, captioning, dubbing and digital distribution. The Company offers services through its cloud computing platforms, including ZOOsubs, which offers subtitling and captioning services; ZOOcore, which is a workflow management platform; ZOOstudio, which is a self-service distribution platform for ordering, tracking and delivering digital content packages, and ZOOdubs, which is a dubbing process management platform. more »

LSE Price
57p
Change
-13.6%
Mkt Cap (£m)
49.1
P/E (fwd)
32.2
Yield (fwd)
n/a



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


5 Posts on this Thread show/hide all

MrContrarian 17th Apr 1 of 5
2

My morning smallcap tweet: LTG acquires Breezy HR for a pretty breezy price.

Learning Technologies (LON:LTG), Carclo (LON:CAR), Fusion Antibodies (LON:FAB)

Learning Technologies Group (LTG) acquires Breezy HR for $12m plus $18m earn out 'based on ambitious revenue growth targets'. Breezy rev $3.6m ($1.3m) EBIT $0.28m. I hold.
Carclo (CAR) warns FY below mgmt expectations due to continuing production problems in the LED Technologies Division. Has made mgmt changes.
Fusion Antibodies (FAB) FY trading: H2 improvement seen in Feb continues. FY rev £2.2m down 19%. Confident significant revenue growth achievable this FY.

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Cisk 17th Apr 2 of 5
2

Carclo (LON:CAR) - it’s 20p when I just looked. Surely value there? Or maybe not. wipac must be worth that on its own. Although the management statement smacks of deer in the headlights. Maybe I read it wrong but it appeared to say that the interim role they created, they just canned...

Can’t understand what they are saying. Prototyping is part of every bid, and the associated wastage... par for the course. Sounds like the whole lot (mgmt team that is ) should be sacked and some decent peeps brought in who know what they’re doing,

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andrea34l 17th Apr 3 of 5
4

In reply to post #470076

No value at all while Carclo (LON:CAR) are warning on debt covenants...

...and thanks so much somebody for brightening my day with a thumbs down :-( See Paul's more detailed comments about how he thinks this company is uninvestible. This company has seen one warning after another and a downward trajectory in its price from 120p to its current 20p.

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andrea34l 17th Apr 4 of 5
1

Learning Technologies (LON:LTG) (on your analysis/watchlist I think Matylda) is up quite a bit on the announcement of their latest amortisation adjustm- I mean acquisition, of Breezy HR ("Breezy") for $12m. In 2018 Breezy reported unaudited revenue of $3.6m (2017: $1.3m) and EBIT of $280k (2017: $826k loss), reflecting the operational leverage of the business as it scales rapidly; 80% (2017: 67%). It looks a reasonable fit and not extortionate.

GB (LON:GBG) is up almost 10% after an update states FY revenue is to be £143.3m+19.7% and adjusted profit of about £31.7m + 20.6% ahead of expectations. I had flirted with the idea of investing back when they were around 450-475 (and so kicking myself a bit now) but I think the valuation is looking a bit racy now.

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matylda 17th Apr 5 of 5
2

Carclo (LON:CAR) - Not interested at all.

Learning Technologies (LON:LTG) - Nice to see it up, I am still underwater (just) - Should have sold out long ago on a 25% retrace from highs but took my eye off the ball. However, did have conviction it got to undervalued so held on.

GB (LON:GBG) - I agree with your thoughts there.

Blog: Briefed Up
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