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

17th Jun '19 by matylda

7 comments 1437 reads

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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MrContrarian

17th Jun '19

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.

andrea34

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%.

matylda

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.

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.

AnonymousUser192020

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.

That's fair comment for sure.

Albertos

FairFX (LON:FFX)

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

Phil

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

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Matylda

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