I Read The News Today Oh Boy! 17-Nov-2017

Friday, Nov 17 2017 by
13

Morning All!

Carillion ( Carillion (LON:CLLN) ) – 17-Nov-2017 – 41.5p – £178.6m – PER 1.99

Covenants Deferral – Test date extended from December 2017 to April 2018.

At least they seem to have the backing of the major stakeholders (and the banks), guess they don’t have much choice! I hope for a happy outcome here but I won’t be backing it.

T Clarke ( T Clarke (LON:CTO) ) – 17-Nov-2017 – 73.13p – £30.6m – PER 5.05

Trading Update From 1-July-2017 To Date – Expecting 2017 to be in-line, PBT of £6.5m and Revenues in excess of £300m. This is a really nice update, both in its clarity and content.

Tempted here – 2 majors holding me back - The Pension Deficit of about £20m (over 60% of Mkt Cap) and the low Operating Margin (about 1.5%). I wonder where this company will be in 3 to 5 years time – Can it become a MGNS, COST, KIER? I am still on the fence.

Seeing Machines ( Seeing Machines (LON:SEE) ) – 17-Nov-2017 – 5.63p – £83.7m – PER n/a

AGM Statement – I can’t work out if this is just waffle or there’s any actual value in it. My main take away was this “I strongly believe that our hard work and planning have put Seeing Machines into an enviable position”. Perhaps this is true.

This company burns money and is forecast to continue doing so. Too much jam tomorrow, even though it could be a lot of jam, I am awaiting to see that burn slow down (significantly). I also believe if they are truly in an “enviable position” they will not get a chance to become a 10/20 bagger, they’ll just get bought out instead – Just my thought.

Record ( Record (LON:REC) ) – 17-Nov-2017 – 47.38p – £94.3m – PER 14.5

Interim Results For The 6 Months To End September 2017 – Seem to be at least in-line.

It’s not the most dynamic company in the world and although Stockopedia (StockRank 93) likes it – It’s goes into the “too difficult for me” pile.

Good Weekend to all!


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Carillion plc is an integrated support services company. The Company operates through four business segments: Support services, Public Private Partnership projects, Middle East construction services and Construction services (excluding the Middle East). The Support Services segment includes its facilities management, facilities services, energy services, rail services, road maintenance services, utilities services, remote site accommodation services and consultancy businesses in the United Kingdom, Canada and the Middle East. The Public Private Partnership projects segment invests in Public Private Partnership projects in the United Kingdom and Canada. The Middle East construction services segment includes its building and civil engineering activities in the Middle East and North Africa. The Construction services segment includes its the United Kingdom building, civil engineering and developments businesses, together with those of its construction activities in Canada. more »

LSE Price
16.5p
Change
4.8%
Mkt Cap (£m)
67.8
P/E (fwd)
0.7
Yield (fwd)
n/a

TClarke plc is a United Kingdom-based building services company, which delivers electrical, mechanical, and information and communications technology (ICT) services. The Company provides electrical and mechanical contracting and related services to the construction industry and end users. Its geographical segments include London and South East, Central and South West, the North and Scotland. The Company's businesses include Intelligent Buildings Green Technologies, Facilities Management, Transport, Mission Critical, Manufacturing Services, Residential & Hotels, M&E Contracting and Design & Build. The Company within its M&E contracting business has capabilities in sectors, including commercial offices, retail, education, healthcare, financial services and media. Its Manufacturing Services business includes in-house precision prefabrication and engineering services. Its projects include Beckley Court, Chiswick Park, Kettering Hospital, Project Nova, Mitie Care Home and Rathbone Square. more »

LSE Price
73p
Change
-2.3%
Mkt Cap (£m)
31.3
P/E (fwd)
5.1
Yield (fwd)
5.1

Seeing Machines Limited is engaged in developing, selling and licensing products, services and technology to detect and manage driver fatigue and distraction, including continued market development to secure sustainable channels to market for the product. The Company's segments include DSS (Mining), Guardian (Fleet) and Other. The Company is also engaged in developing driver-monitoring technology to be incorporated into passenger cars; entering commercial agreements with partners for the development, manufacturing and sale of products into target markets, and research and development of the Company's processing technologies to support the development and refinement of the Company's products. It offers System in Package (SiP), which is a processor platform available for mass-market applications. It offers driver monitoring system (DMS) technology. Its product, Guardian by Seeing Machines, includes an integrated Forward-Facing Camera. more »

LSE Price
5.88p
Change
 
Mkt Cap (£m)
87.6
P/E (fwd)
n/a
Yield (fwd)
n/a



  Is Carillion fundamentally strong or weak? Find out More »


4 Posts on this Thread show/hide all

MrContrarian 17th Nov 1 of 4
4

My morning smallcap tweet:

Simigon (LON:SIM), Seeing Machines (LON:SEE)

SimiGon (SIM) gets final regulatory approval for $2m order from Israeli Air Force. Exp rev in this FY.
Seeing Machines (SEE) AGM stmt reads like a gushing Oscars speech. "it's wonderful to offer people the opportunity to come to work knowing that, every day, they're saving lives...Over the last four years, our incredible founders and their teams of technical experts have leveraged Artificial Intelligence...to put us in a world leading position...I'd like to personally thank everyone for your incredible inputs into making the organisation what it is now today...We look forward to delivering the expectant [sic] returns that our broad stakeholders and shareholders deserve."

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matylda 17th Nov 2 of 4

Ha! Agreed re: SEE - What a load of nonsense!

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hayashi22 17th Nov 3 of 4

If i was ever thinking of investing in SIM I would now avoid at all costs. What utter drivel. Is the author of that tosh American?

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hayashi22 17th Nov 4 of 4

Oops not SIM I meant SEE.

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