I Read The News Today Oh Boy! 20-Mar-2019
Morning all!
Alpha FX ( £AFX ) – 640p – £234m – PER 26.4
Results For The 12 Months To End December 2018 – Revenue up 73%, Underlying PBT up 48% and EPS up 30% (22.7p – 21.8p reported), Final Dividend to be 4.6p. Q1 this year has started well.
An ex-holding, will keep an eye out for Broker notes as these results look pretty good. From memory I believe growth was meant to slow somewhat next year.
SDL ( £SDL ) – 546p – £495m – PER 19.5
Results For The 12 Months To End December 2018 – In-line.
I reckon this is fairly priced (at best) around this level.
Ten Entertainment ( £TEG ) – 215p – £140m – PER 10.6
Results For The 12 Months To 30th December 2018 – Revenue up 7.5%, Adjusted PBT up 4% with Adjusted EPS of 16.6p which looks like a slight miss to me. Dividend seems to be up more than expected (as a sweetener I guess!). Net Debt at £4.2m (£0.4m last time).
I am Long here but will be keeping an eye on that this morning.
As always, all comment most welcome!
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1 comment
My morning smallcap tweet: Chambers' potty crypo prediction.
Surface Transforms (LON:SCE), ADVFN (LON:AFN), Tasty (LON:TAST), Frontier Smart Technologies (LON:FST), Everyman Media (LON:EMAN), Cloudbuy (LON:CBUY)
Surface Transforms (SCE) £1.9m placing at 15.5p, a nil discount.
ADVFN (AFN) H1 slumps to 0.84p loss (+0.09p) so naturally there's a load of guff from Clem Chambers about crypo exchanges first. "In our opinion cryptocurrencies will, in a few years, be the preferred investment market for the generation called 'the millennials.'" Blames loss on Spreadbet regulation hitting advertising.
Tasty (TAST) FY rev down 6%, EPS -19.42p (-13.84p). Expects no significant improvement to the market in 2019. Going concern stmt.
Frontier Smart Technology (FST) FY rev down 21%, preax -$3m (-$2.5m). Blames weak Smart IoT, Expects improvement in trading EBITDA (what that?) for FY 2019.
Everyman Media (EMAN) FD leaves in June. He is thanked.
Cloudbuy (CBUY) FY rev down 26%. Pretax -£2.2m (-£2.6m). Draws £500k from existing facility with Roberto Sella because it failed to win a hoped for order. Potential further drawdown of £250k if the current 'likely opportunity' does not materialise. Going concern stmt.