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

Monday, Jun 17 2019 by
8

Morning all!

Fairfx ( FairFX (LON:FFX) ) – 110p – £180.7m – PER 14.9

AGM Statement – 2018 a year of significant growth, 2019 strong YTD, expects FY to be in-line with market expectations.

Still Long here and if (at least) in-line continues, I see no reason to sell assuming the market is in material disagreement!

Premier Technical Services ( Premier Technical Services (LON:PTSG) ) – 95p – £120m – PER 6.7

AGM Statement – "Working capital utilisation, margin and profit levels are in line with the Board's expectations" – "This underscores our confidence in achieving a successful full year result in 2019".

I believe there are still some FCA issues lingering here plus the Debtor days and Debt levels are high – Not for me. As always, all comment most welcome!

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Equals Group Plc, formerly FairFX Group Plc, is a provider of foreign exchange (FX) payment services to both private clients and corporations through prepaid currency cards, travel cash and international money transfers. Its segments include Currency cards, FairPay, Dealing and Central. It sells foreign currency through technology platforms offered on the Internet. It has a cloud-based peer-to-peer payments platform that enables personal and business customers to make multi-currency payments in a range of currencies and countries, and across a range of FX products through an integrated system. It offers prepaid currency cards, including Euro Card and US Dollar Card. Its travel cash service offers delivery of banknotes directly to customer using Royal Mail. Its international payments service includes FairPay, which offers a solution for payment of property maintenance and mortgages; payment of expenses abroad; buying goods or services, and sending money to family and friends. more »

LSE Price
120.35p
Change
-1.4%
Mkt Cap (£m)
200.5
P/E (fwd)
16.2
Yield (fwd)
n/a

Premier Technical Services Group plc (PTSG) is a United Kingdom-based company engaged in the maintenance, inspection, testing, repair and installation of permanent facade access equipment, fall arrest systems and lightning protection systems together with fixed wire and portable appliance testing and high level cleaning. The Company operates through three segments: Access and Safety, Electrical Services and High Level Cleaning. The Company's Access and Safety segment offers Safety Testing, Safety Installation, Cradle Maintenance and Cradle Installation. The Company's Electrical Services segment offers Lightning Protection, Fixed Wire Testing, Portable appliance testing (PAT) Testing, Fire Alarm and Extinguishers, and Steeplejack Services. The Company's High Level Cleaning segment offers Window Cleaning, Gutter Cleaning, Building Cleaning and Pressure Cleaning. The Company's Training Solutions division offers Training, Consultancy and Insurance Inspections. more »

LSE Price
209.13p
Change
0.3%
Mkt Cap (£m)
263.3
P/E (fwd)
14.3
Yield (fwd)
1.0



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


7 Posts on this Thread show/hide all

MrContrarian 17th Jun 1 of 7
3

My morning smallcap tweet: STAF's serial stumbles, Kier cash crisis.

Staffline (LON:STAF), Audioboom (LON:BOOM), Kier (LON:KIE), Keywords Studios (LON:KWS)

Staffline (STAF) another stumble as it delays results to 27 June, increases provisions to £7.9m and plans placement of £30m to deal with likely covenant breach. I hold.
Audioboom (BOOM) SPV set up to gtee minimum rev payments to some content providers. BOOM to pay 8% of net advertising revenue plus 2.5m warrants for every US$1m of gtee. SPV owned equally by the Chairman, and Candy Ventures, BOOM's largest shareholder. It's a bit whiffy.
Kier Group (KIE) fire sale including property division to cut debt. No divs for 2 years. Going to focus on cash generation (and not crash generation).
Keywords Studios (KWS) CFO to leave. He is thanked.

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andrea34l 17th Jun 2 of 7

I am wary of FairFX (LON:FFX) after previously selling out on a big break in my stop loss after Brexit fears forced the price down. Trading does sound quite positive.... though without a single number mentioned. I am thinking of buying shares in Crystal Amber Fund (LON:CRS) instead, which trades at a discount to NAV and has a big share in FairFX (LON:FFX) of just over 23%.

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matylda 17th Jun 3 of 7
2

I am actually getting a bit fed up with FairFX (LON:FFX) - Doesn't seem to have any love at all. Considering, even though forecasts look great, selling up - Not usually one to be indecisive but this one foxes me slightly!

Crystal Amber Fund (LON:CRS) - Not something I have considered, prefer to invest directly personally, each to their own.

Blog: Briefed Up
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andrea34l 17th Jun 4 of 7

In reply to post #484225

Re. invest directly, perhaps I'm just a bit more risk averse - for example, I found the prospect of investing in Augean (LON:AUG) a bit scary but I have done okay with my investment in Gresham House Strategic (LON:GHS) who have shares in them.

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millen 17th Jun 5 of 7

We're given to understand that Crystal Amber Fund (LON:CRS) has done quite well strategically trading in and out of Hurricane Energy (LON:HUR) during the run up to first oil and possibly taking the other side from the small PIs.

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matylda 17th Jun 6 of 7

That's fair comment for sure.

Blog: Briefed Up
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Edward John Canham 17th Jun 7 of 7
1

FairFX (LON:FFX)

Holding me back is the US connection which has gone very silent - they promised an update in Q1.

Phil

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