I Read The News Today Oh Boy! 18-Jul-2018

Tuesday, Jul 17 2018 by
11

Morning all!

Gateley Holdings ( Gateley Holdings (LON:GTLY) ) – 166p – £180.0m – PER 13.9

Preliminary Results For The 12 Months To End April 2018 – Revenue up 11.0% to £86.1m (2017: £77.6m), PBT up 11.7% to £14.6m (2017: £13.1m), Basic EPS up 17.0% to 11.03p (2017: 9.43p) with a FY Dividend of 7.0p (2017: 6.6p).

Looks OK and I still have a feeling it’s fairly priced here - I remain Neutral.

Ideagen ( Ideagen (LON:IDEA) ) – 123.5p – £250.5m – PER 25.7

Preliminary Results For The 12 Months To End April 2018 – Revenue up 33% to £36.1m (FY2017: £27.1m), Adjusted PBT up 40% to £9.7m (FY2017: £6.9m), Adjusted diluted EPS up 33% to 4.19p (FY2017: 3.16p) and the FY Dividend is up 15%. Trading since the year end has been robust.

I am tempted here but the ROCE and Op Mgn as well as the forecast +14% growth in EPS for 2019 are just putting me off enough. Will remain Neutral for now and keep an eye out for broker notes – Tempted (it will go on my Watchlist at least)!

Amino Technologies ( Amino Technologies (LON:AMO) ) – 203.5p – £147.9m – PER 13.2

Results For The 6 Months To End May 2018 – In-line, with Revenue down 17% and a Statutory Loss of -£0.1m versus +£6.3m last time. Interim Dividend is up 10%. With a seasonal H2 weighting, still confident of meeting FY expectations.

The 10% Interim Dividend seems like a sweetener here where H2 weighting will make up for what looks like a woeful H1. I will remain Neutral.

Synectics ( Synectics (LON:SNX) ) – 213p – £37.9m – PER 12.1

Interim Results For The 6 Months To End May 2018 – Revenue up 3% to £34.7m (2017: £33.7m), Order book up 18%, PBT up 12% to £1.5m (2017: £1.3m), Diluted EPS 5.9p (2017: 6.1p), Strong cash generation and net cash of £9.1m at 31 May 2018 (2017: £1.8m), Interim dividend increased to 1.2p (2017: 1.0p). FY to be in-line.

Quite like these results (and Stockpedia likes the stock, StockRank 95) but I still can’t be tempted…

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Gateley (Holdings) Plc provides commercial legal services together with complementary non-legal services, including acting as independent trustees to pension schemes and also provides specialist tax incentive advice. Its segments are Banking and Financial Services, which is engaged in the provision of legal advice in respect of asset finance, banking and corporate recovery services; Corporate, which is engaged in the provision of legal advice in respect of corporate, family, private client and taxation services; Business Services, which is engaged in the provision of legal advice in respect of commercial, commercial dispute resolution, litigation, regulatory, shipping, transport and insurance services; Employees, Pensions and Benefits, which is engaged in the provision of legal advice in respect of employment and pension services, and Property, which is engaged in the provision of legal advice in respect of construction, planning, real estate and residential development services. more »

LSE Price
162.5p
Change
 
Mkt Cap (£m)
180.1
P/E (fwd)
11.8
Yield (fwd)
5.2

Ideagen plc is engaged in the development and sale of information management software to businesses in various industries, and the provision of associated professional services and support. The Company is engaged in supplying governance, risk and compliance (GRC) solutions primarily to the healthcare, transport, aerospace and defense, manufacturing and financial services sectors. The Company’s portfolio products include Q-Pulse, Coruson, Pentana Audit, Pentana Performance and PleaseReview. Q-Pulse, which provides quality and safety management. Coruson,which provides cloud-based software solution. Pentana is an auditing software within its internal audit.It has operations in the United Kingdom, European Union, the United States, Middle East and Southeast Asia. more »

LSE Price
135.5p
Change
1.5%
Mkt Cap (£m)
297.8
P/E (fwd)
25.0
Yield (fwd)
0.2

Amino Technologies Plc is engaged in providing Internet protocol (IP)/Cloud video software and device solutions. The Company develops a range of products and solutions designed to help broadband network operators deliver entertainment and associated connected home services to the consumer. It operates through the development and sale of broadband network software and systems segment. The Company and its subsidiaries specialize in Internet protocol television (IPTV) software technologies and hardware platforms that enable delivery of digital programming and interactivity over IP networks. It is also engaged in the sale of IPTV set-top boxes and associated customer support services. Amino Communications is a wholly-owned subsidiary of Amino Technologies PLC. Its other subsidiaries include Amino Holdings Limited, Amino Communications LLC and Amino Technologies (US) LLC. more »

LSE Price
80.8p
Change
-2.7%
Mkt Cap (£m)
58.8
P/E (fwd)
7.2
Yield (fwd)
9.0



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


5 Posts on this Thread show/hide all

MrContrarian 17th Jul '18 1 of 5
2

My morning smallcap tweet: A fine lack of transparency at SFE.

Image Scan Holdings (LON:IGE), Ideagen (LON:IDEA), Safestyle UK (LON:SFE)

Image Scan Holdings (IGE) to buy Todd Research, UK developer and manufacturer of X-ray systems for security, for £3.25m. Funded by placing, subscription and vendor loan notes. £1.25m placing by bookbuild.
Ideagen (IDEA) FY in line but says rev £1m ahead of 'original expectations'. Er, when was that origin?
Safestyle UK (SFE) Court hearing upheld a number of injunctive orders previously made preventing new rival Safeglaze UK and certain named individuals from undertaking various actions. Those Orders have been made on an interim basis. Fails to stop it using Safeglaze UK brand. No mention of yesterday's fine of £120k for aggressive sales techniques and lying to customers. Perhaps it doesn't want to draw shareholders' attention to it.

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andrea34l 17th Jul '18 2 of 5
1

Flowtech Fluidpower (LON:FLO) - their H1 update looks quite positive with organic revenue of 9.1% and overall revenue up 66%, with good gross margins.

Somero Enterprises Inc (LON:SOM) share price has done well, but the word "solid" appears quite a bit and this to me implies 'lowish' growth; they are still failing to break into China.

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Edward John Canham 17th Jul '18 3 of 5
3

Looks like you've got a day ahead of yourself matylda.

Thanks as ever.

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matylda 17th Jul '18 4 of 5
1

In reply to post #382624

Thanks - I missed the Flowtech Fluidpower (LON:FLO) update - Sold out there recently, this was my comment "Sold out here on the 12th July after reading a broker note on Research Tree which showed EPS of 14.0 2018A, 16.0 2019E and 17.6 2020E – OK enough on a PER of 10.3 but with the market being negative since the AGM statement I decided to move on."

Somero Enterprises Inc (LON:SOM) - Kind of agree there.

Blog: Briefed Up
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JohnWigg 17th Jul '18 5 of 5
1

Gateley Holdings (LON:GTLY) has produced impressive results since IPO in 2015. One thing, though, prompted me to sell in April - probably overcautious of me!
This was the level of receivables, which appears to be growing steadily. It's worth also looking at Note 13 re overdue invoices and impairments.
Since GTLY is focussed on the construction sector there just might be problems ahead.

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