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

Thursday, Oct 18 2018 by
9

Morning all!

Tatton Asset Management ( Tatton Asset Management (LON:TAM) ) – 267p – £149.3m – PER 21.2

Trading Update For The 6 Months To End September 2018 – AUM up 16.3% and trading in-line with the Board’s FY expectations.

First coverage for me and actually popped up on my Technical screen a month or so ago. Looks interesting enough although perhaps fairly priced here. If I did not already own Miton ( Miton (LON:MGR) ) I may be more interested, for now it will go on my Watchlist.

Zytronic ( Zytronic (LON:ZYT) ) – 425p – £68.2m – PER 13.4

Trading Update For The 6 Months To End September 2018 – FY Revenues in-line, PBT (£4.2m - £4.5m) below market expectations.

Not sure how much of a miss this is, looks like it could be about 20% - Anyway, it’s enough for me to remain Neutral for now.

As always, all comment most welcome!

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Tatton Asset Management plc is a United Kingdom-based company engaged in providing on-platform for fund management, regulatory, compliance, mortgages, protection and business consulting services. The Company operates Tatton Investment Management, Paradigm Partners and Paradigm Mortgage Services. Paradigm Partners provides compliance services to a range of firms, including financial promotions, advisor skills and knowledge assessment, FCA application, risk assessment and mitigation plans, compliance monitoring plan design and audit. Paradigm Mortgage Services is engaged in mortgage distribution business and provides access to lending panel as well as a range of mortgage and related support services, including specialist lending distributors, conveyancing partners and general insurance through Paradigm Protect. more »

LSE Price
198p
Change
-0.3%
Mkt Cap (£m)
111
P/E (fwd)
15.2
Yield (fwd)
5.1

Zytronic plc is involved in developing and manufacturing of touch sensor products. The Company is also engaged in the development and manufacture of customized optical filters. Its geographical segments include Americas (excluding USA), USA, EMEA (excluding UK and Hungary), Hungary, UK, APAC (excluding South Korea) and South Korea. Its products incorporate an embedded array of metallic micro-sensing electrodes. Its technologies include projected capacitive technology (PCT) and multi-touch mutual projected capacitive technology (MPCT). PCT touch sensors can be constructed from one, two or three layers of laminated, toughened glass. Its sensing products offer touchscreen solution for applications, such as leisure, digital signage, retail, surfaces, banking and industrial applications. Its touch sensors are used in video jukeboxes and slot machines. The PCT touch sensors are used in a range of workplace applications, from medical diagnostic equipment to oil field machinery controls. more »

LSE Price
197.5p
Change
-3.7%
Mkt Cap (£m)
32.9
P/E (fwd)
11.1
Yield (fwd)
12.1



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


3 Posts on this Thread show/hide all

MrContrarian 18th Oct '18 1 of 3
6

My morning smallcap tweet: ZYT pops out a warning.

Peel Hotels (LON:PHO), Applied Graphene Materials (LON:AGM), Zytronic (LON:ZYT), Imaginatik (LON:IMTK)

Peel Hotels (PHO) H1 grim. Rev down 6%, pretax slumps to virtually nil. "The comparative shortfall in EBITDA in the first three periods will be difficult to make up by the end of the financial year however sales have now stabilised and for the first time in many periods increased in the current period." Bank still not intending to act on covenant breach disclosed in April.
Applied Graphene (AGM) FY loss reduced but "Although both JBL and Airbus are now reaching the point of commercial inflection the completion of the testing regime required to meet customer expectations has taken longer than originally expected, and consequently the ramp-up in sales is likely to be later than previously anticipated."
Zytronic (ZYT) warns on FY. Rev in line but the introduction of some new designs and production techniques has hit margins.Add in defending a patent claim and pretax is only £4.2m, below F/C. I can't find the F/C.
Imaginatik (IMTK) has selected a replacement nomad (finnCap resigned) which is currently finalising due diligence. Trading in line. Remains suspended.

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Edward John Canham 18th Oct '18 2 of 3
1

Zytronic (LON:ZYT)

Forecast (N Singer) £5.2M PBT - seems to be a 20% miss. Statement would also suggest a slow start to 2019 so I suspect their forecast of £6.0M for 2019 will be reduced.

Phil

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andrea34l 18th Oct '18 3 of 3
2

SDX Energy Inc (LON:SDX) announces that, further to the announcement made on 20 September 2018, discussions regarding its proposed acquisition of a significant package of assets in Egypt from BP have been terminated by mutual agreement. I'd say this is a bit disappointing :-(

Games Workshop (LON:GAW) says that "trading to 7 October 2018 has continued well.  Compared to the same period in the prior year, sales are ahead and profits are at a similar level to the prior year.However, the Board remains aware that there are some uncertainties in the trading periods ahead..."It looks like the glowing updates are coming to an end; shares are down 5%.

Maybe it's just me... but there seem to be slowing updates from some companies that are a bit of a surprise to me. Renishaw (LON:RSW) is another one... and I realise that they are probably too big for some/many to consider on here, but their last results looked very good and yet Q1 of the current year looks very poor.

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