I Read The News Today Oh Boy! 19-Jun-2019

Wednesday, Jun 19 2019 by
12

Morning all!

Inspired Energy ( Inspired Energy (LON:INSE) ) – 14.5p – £104m – PER 7.8

AGM Statement – Trading in-line.

Still looks interesting apart from that Net Debt being a little high – Will keep an eye out for updated Broker notes.

Quartix ( Quartix Holdings (LON:QTX) ) – 255p – £122m – PER 21.7

H1 Trading Update – Quite detailed but basically it seems FY will be in-line.

I still believe that means all round metrics lower than last year – So I will remain on the side-lines.

Severfield ( Severfield (LON:SFR) ) – 72p – £219m – PER 9.9

Results For The 12 Months To End March 2019 – Revenue flat, Underlying PBT and EPS both up 5%, Total Dividend up 8%, Order Book seems to be up 25%+, still on track to double PBT to £26m by 2020.

Still quite a lot to like here and still probably some value too considering the Net Cash and 4% or so Yield – Will keep an eye out for revised Broker notes as that Order Book increase looks quite significant.

ULS Technology ( ULS Technology (LON:ULS) ) – 80p – £52m – PER 12.5

Results For The 12 Months To End March 2019 – Revenue down slightly, as it Underlying PBT and EPS, Net at £2.9m (£1.9m last time). The Total Dividend as a sweetener is up from 2.3p to 2.4p.

Still not tempted to re-enter here having sold out over 12 months ago. 

As always, all comment most welcome!

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Inspired Energy PLC provides energy purchasing and energy consultancy services to corporate, and small and medium-sized enterprise (SME) energy users. The Company's segments include The Corporate division (Corporate), The SME division (SME) and PLC costs. The Corporate segment includes operations of Inspired Energy Solutions Limited, Direct Energy Purchasing Limited, Wholesale Power UK Limited and STC Energy and Carbon Holdings Limited. Corporate's services are primarily in the review, analysis and negotiation of gas and electricity contracts on behalf of corporate clients. It provides additional services, which include energy review and benchmarking, negotiation and bill validation. The SME segment includes the operations of Energisave Online Limited, KWH Consulting Limited and Simply Business Energy Limited. Within the SME division, the Company's energy consultants contact prospective SME clients to offer reduced tariffs and contracts based on the situation of the customer. more »

LSE Price
13.25p
Change
 
Mkt Cap (£m)
94.6
P/E (fwd)
7.1
Yield (fwd)
5.7

Quartix Holdings plc is a United Kingdom-based supplier of vehicle tracking systems and services. The Company operates in designing, development and marketing of vehicle tracking devices and the provision of related data services segment. The Company offers subscription-based vehicle tracking systems, software and services in the United Kingdom. Its vehicle tracking systems incorporate instrumentation to identify and transmit location, speed and acceleration data to the Company on a real-time basis. Its vehicle tracking software system provides business critical reporting, and analysis of vehicle and driver data, including timesheets and other customer Key Performance Indicator (KPIs) to customers via any Internet-enabled device. The Company has an overseas branch in France and an overseas subsidiary in the United States. The Company's subsidiaries include Quartix Limited and Quartix Inc, which are engaged in the business of vehicle tracking. more »

LSE Price
273p
Change
-2.9%
Mkt Cap (£m)
130.9
P/E (fwd)
23.2
Yield (fwd)
4.2

Severfield plc is a structural steelwork company in the United Kingdom, which is engaged in construction contract business. The Company serves the construction and infrastructure markets. Its construction sectors consist of commercial offices, industrial and distribution, stadia and leisure, retail, and data centers and other. Its infrastructure sectors include transport, power and energy, and health and education. It has worked on over 120 projects, which include One Angel Court and Nova Victoria in London; Anfield Stadium; London Bridge Station; Nissan paintshop, Sunderland, and Dublin waste to energy facility. Its subsidiaries include Severfield (Design & Build) Limited, which designs, fabricates and constructs structural steelwork and portal frames for the warehouse, distribution and industrial sectors, and Severfield (NI) Limited, which delivers constructional steel products in the United Kingdom and Irish structural steel market. more »

LSE Price
65p
Change
0.3%
Mkt Cap (£m)
198.8
P/E (fwd)
8.9
Yield (fwd)
4.7



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


2 Posts on this Thread show/hide all

MrContrarian 19th Jun 1 of 2
7

My morning smallcap tweet: Brave Bison business boosting blather

Blue Prism (LON:PRSM), Quartix Holdings (LON:QTX), Bagir (LON:BAGR), ECSC (LON:ECSC), Brave Bison (LON:BBSN), Myanmar Investments International (LON:MIL), Randall & Quilter Investment Holdings (LON:RQIH)

Blue Prism Group (PRSM) acquires Thoughtonomy for £80m, 8.1x rev. Thoughtonomy is a SaaS based product and cloud services business that combines Blue Prism's robotic process automation (RPA) platform alongside additional embedded and integrated AI and cloud capabilities. It lost £3.6m in last FY.
Quartix (QTX) H1 trading. Guides FY rev £25m and adj EBITDA and FCF at least meeting market expectations. States F/C rev £24.1m, adj EBITDA £6.7m, FCF £5.4m.
Bagir Group (BAGR) rolls over and agrees long extension to Shandong Ruyi's paying overdue $13.2m for shares. Strong start to 2019, more cost cuts, means BAGR believes it has sufficient resources to support its day-to-day activities. Will they launch a hair shirt range from the Ethiopian factory?
ECSC Group (ECSC) AGM stmt: YTD rev flat, guides FY rev broadly in line with market expectations, positive EBITDA (excluding the impact of share-based payments). FY F/C rev up 21%. Agrees £500k invoice discounting facility.
Brave Bison (BBSN) AGM stmt: newish CEO says "My aim is to make positive changes which will strengthen our business." Positive! Good. Rebranding Facebook pages: "We will concentrate on delivering content which exudes originality and exclusivity to resonate with the needs of their followers." What need will the Daily Viral Stories page meet? To while away those tedious hours at work while the boss isn't looking?
Myanmar Investments (MIL) over half of holders support board's rejection of bid approach as it significantly undervalues the Company.
Randall & Quilter (RQIH) CEO resigns but will remain Executive Chairman. Alan Quilter and Dr Roger Sellek are to be appointed Joint CEOs.

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andrea34l 19th Jun 2 of 2
4

I personally can raise no enthusiasm for Severfield (LON:SFR) after seeing these results. India is progressing very well (as before)... but this implies that everything else is as dull as dish water, with underlying profit before the JV stated being up a meagre 400k! Perhaps there is value here... but I'm increasingly a growth investor and not a value one. The only promising thing is the order book... though I don't call an 8% increase in the Indian JV order book a "step change" - that's just director froth!

I am put off Inspired Energy (LON:INSE) by the total lack of numbers in the statement... as well as the poor share chart.

Based on the Quartix Holdings (LON:QTX) update, the interims will be moderately lower than last year and the full year will be at least £25m... which is down about 2.5%! A previous update indicated new installations are at least +45%.... so why isn't this translating into anything of substance? zzzzzzzzzzzzzzzzzzzz

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