I Read The News Today Oh Boy! 18-Mar-2019

Monday, Mar 18 2019 by

Morning all!

Maintel Holdings ( Maintel Holdings (LON:MAI) ) – 500p – £71m – PER 6.5

Results For The 12 Months To End December 2018 – Revenue up 8% (69% recurring) with Adjusted EPS up 20%, Net Debt at £25.5m and the FY Dividend will be up 2%.

Still quite like this although I do have concerns about the Net Debt – It's probably the only thing stopping me buying in here (for now).

Miton ( Miton (LON:MGR) ) – 52p – £90m – PER 12.6

Results For The 12 Months To End December 2018 – AUM up 14%, Adjusted PBT up 34% (to £9.2m), £25.5m in Net Cash, Dividend up 43% and an Interim Dividend will be introduced this year.

I am Long here, I quite this this and will continue to hold – Even though I should really have sold out at about 60p (coming off it’s highs) but I just couldn’t justify it to myself. I am now hoping for some Broker upgrades here.

Restore ( Restore (LON:RST) ) – 266p – £330m – PER 9.5

Results For The 12 Months To End December 2018 – Revenue up 14%, PBT up 20%, EPS up 12% with the Dividend up 20%. Net Debt is up from £78.2m to £111.3m.

Looks like potential for some upside here whilst on a single digit PER but just not enough for me at present.

Spectra Systems ( Spectra Systems (LON:SPSY) ) – 116p – £53m – PER 19

Trading Update – Expects profits for the year ending 31st December 2019 to exceed market expectations – Related to a G7 Central bank contract due to start in Q2 2019 and extend through 2020.

Quite this but it just seems so hard to judge, never know where the new contracts are coming from (but they seem to keep coming) – For this reason alone I have to remain on the sidelines.

Volution ( Volution (LON:FAN) ) – 164p – £325m – PER 10

Interim Results For The 6 Months To End January 2019 – Revenue up 16.3%, Adjusted…

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Maintel Holdings Plc is engaged in the provision of contracted managed services, the sale and installation of telecommunications systems and the provision of fixed line, mobile and data telecommunications services, to the enterprise business sector. The Company operates through three segments: telecommunications managed service and technology sales, telecommunications network services and mobile services. Its managed services and technology division provides the management, maintenance, service and support of office-based voice and data equipment across the United Kingdom and internationally, on a contracted basis. It also supplies and installs voice and data equipment together with providing professional and consultancy services. Its network services division sells a portfolio of services, which includes telephone line rental, inbound and outbound telephone calls, data connectivity, Internet access and hosted Internet protocol (IP) telephony solutions. more »

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Miton Group plc, formerly MAM Funds plc, is an investment management company. The Company provides fund management services. Its funds are invested in a range of asset classes under various investment mandates, including multi-asset, equity and portfolios of collective investment schemes. Its product range includes equities, such as CF Miton UK Multi Cap Income Fund and FP Miton Income Fund; multi-assets, such as CF Miton Cautious Multi Asset Fund and PFS Miton Cautious Monthly Income Fund; fund of investment trusts, such as CF Miton Worldwide Opportunities Fund, and closed-end funds, such as The Diverse Income Trust plc and Miton Global Opportunities plc. Its subsidiaries include Miton Group Service Company Limited, which is a holding company and central services provider; PSigma Asset Management Holdings Limited, which is an intermediate holding company; Miton (Hong Kong) Limited, which is a marketing company, and Miton ESOP Trustee Limited, which is a trustee company. more »

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Restore plc is a United Kingdom-based support services company. The Company is engaged in providing services to offices and workplaces in the private and public sectors. It operates in two segments: Document Management and Relocation. Document management includes business streams, such asRecords Management, Restore Shred and Restore Scan. The Restore Shred offers secure shredding and recycling, and operates from over 10 sites. Restore Scan is its document scanning business, which transforms document related processes to manage customers' access to information. Relocation includes various business streams, such as Harrow Green, Relocom, IT Efficient and ITP Group. Harrow Green is engaged in the United Kingdom workplace relocations. Relocom specializes in desktop information technology and trading desk relocation, among others. IT Efficient provides secure data destruction and hardware disposal services. ITP Group collects cartridges from various premises across the United Kingdom. more »

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

4 Posts on this Thread show/hide all

MrContrarian 18th Mar 1 of 4

My morning smallcap tweet: FOOT holders head over heels

Footasylum (LON:FOOT), Celtic (LON:CCP), Spectra Systems (LON:SPSY)

Footasylum (FOOT) JD Sports rec offer of 82.5p, a surprising 77% premium and 185% above JD's first acquisition of Footasylum shares.
Celtic (CCP) will exceed FY market expectations.
Spectra Systems (SPSY) guides FY above market expectations.due to a G7 central bank research contract which will commence in Q2.

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Beginner 18th Mar 2 of 4

Interesting developments at Allergy Therapeutics (LON:AGY) . It is down 45% at the mo, having been "surprised" by the failure of trials on its new treatment. BUT the company has cash of £31.6m, had an oversubscribed placing at 26.5p last summer, and has a portfolio of successful allergy treatments already in use. There is also a peanut allergy treatment in the pipeline. Is this a wee bit oversold?

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matylda 18th Mar 3 of 4

In reply to post #458953

No idea - But, never made a profit nor is it forecast to make one - Not something I would ever in invest in.

Blog: Briefed Up
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smilingmickey 20th Mar 4 of 4

Hi Matylda,
FYI Spectra have recently changed their web site. I would recommend you take a look.

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