Morning all – It’s a quiet one today for sure!
Gateley Holdings ( Gateley Holdings (LON:GTLY) ) – 161p – £172.1m – PER 14.1
Tradiing Update For The 12 Months To End April 2018 – In-line with market expectations.
Probably fairly priced here, I remain Neutral.
As always, all comment most welcome!
My morning smallcap tweet:
Toople (LON:TOOP), £RM2, Omega Diagnostics (LON:ODX), Cyanconnode Holdings (LON:CYAN), Seeing Machines (LON:SEE)
Toople (TOOP) Tiny telecoms tinpot Toople wins contract worth at least £360k over 2 yrs.
RM2 International (RM2) FY and 1.15 to 1 open offer at 1p, a 37% disc. Unusually the key investors who participated in the March placing and the Directors will not be allowed to participate in the Open Offer. FY rev $6.6m ($8.9m). Huge loss.
Omega Diagnostics (ODX) VISITECT CD4 development update - "results from feasibility testing show acceptable performance against design goals and accordingly, the Company has progressed into a formal optimisation phase within its design control programme." 'Acceptable performance'? Sounds like an old banger scraping through an MoT.
Cyanconnode (CYAN) FY and $3.2m order from India. FY highlights begins with "Order book increases during the period, Board and management team streamlined and strengthened etc etc". Poor financials coming! Rev £1.17m (£1.82m) due to delay in deployment of a large customer contract (as previously RNSed). Pretax -£11.1m (-£7.9m). "We continue to work on securing additional funding that will be required during 2018...we remain passionate about our ability to turn opportunities into revenue." Passionate! Desperate is more on the mark to stem the huge losses.
Seeing Machines Ltd (SEE) Warns FY rev A$8 less than guided due to mfr delay of Guardian Gen 2. Blames global shortage in traditionally short lead-time parts (capacitors and power supply) ie their subcontractor didn't order them early enough.
Newriver Reit (LON:NRR) confirms press speculation that it has entered a period of exclusivity with Hawthorn Leisure Holdings regarding a potential acquisition of the business which, if completed, would be funded from NewRiver's existing resources.
