Morning all!
Bango ( £BGO ) – 132p – £93m – PER 147
Interim Results For The 6 Months To End June 2019 – Revenue up 64%, no real Profit yet, states enough cash to see the company through to cash positive.
Still looks less of a gamble than it used to be but still not enough for me to get involved yet.
K3 Capital ( £K3C ) – 160p – £67m – PER 22
Results For The 12 Months To End May 2019 – Revenue down -18% to £13.6m (£16.5m), PBT down -33% to £4.9m (£7.3m), EPS down -34% to 9.43p (14.1p) and the Dividend is down -33%.
A corner may have been turned here but I am not yet fully convinced.
Kape Technologies ( £KAPE ) – 74p – £105m – PER 12
Interim Results For The 6 Months To End June 2019 – Revenue up 24.2%, Adjusted EPS up 14.9%, Cash at $36.4m. On track to meet FY expectations.
I am still Long here and remain so as this looks way undervalued on a 1 Year and 2 Year view especially considering the Net Cash is still about 30% of the current Market Cap.
MS International ( £MSI ) – 197p – £33m – PER 9
Trading Statement – Highlights “interesting times” and warns to “expect a substantial weakening in the Company's results”.
Enough there to make it onto the Avoid list for now.
Murgitroyd Group ( £MUR ) – 496p – £45m – PER 14
Results For The 12 Months To End May 2019 – Revenue up 7%, PBT up 16.4%, EPS up 11.9%, Total Dividend up 4.8%, Net Debt at £3.71m.
I still don’t see value here.
Quixant ( £QXT ) – 303p – £201m – PER 14
Interim Results For The 6 Months To End June 2019 – H1 in-line, H2 weighting to be less weighty than usual, FY Profit to be between $12m and $13m.
This looks like a big miss on the $20m or so forecasts I can see, I remain uninterested for now.
As always, all comment most welcome!
