I Read The News Today Oh Boy! 21-Sep-2018

Friday, Sep 21 2018 by
11

Morning all!

Tungsten ( Tungsten (LON:TUNG) ) – 51.8p – £65.3m – PER n/a

AGM Statement / Trading Update – Seems in-line (ish), on track to make a smaller loss.

No more interested today than I was yesterday.

Applegreen ( Applegreen (LON:APGN) ) – 538p – £495.2m – PER 20.3

Interim Results For The 6 Months To End June 2018 – Revenue up 27%, Adjusted PBT is flat, Adjusted EPS is down -12.6%, the Interim Dividend is up 5%. Confident of prospects for 2018.

Still quite a lot to like here but seems to be a problem increasing EPS anywhere in-line with increased Revenue – I remain Neutral for now.

As always, all comment most welcome!

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Tungsten Corporation plc is engaged in e-invoicing, purchase order services, analytics and financing business. The Company's segments include Tungsten Network, Tungsten Network Finance, Tungsten Bank and Corporate. Its Tungsten Network segment includes e-invoicing and spend analytics business of Tungsten Network. The Company's Tungsten Network Finance segment includes the supply chain finance business. Tungsten Network connects buyers to their suppliers, enabling tax-compliant electronic invoicing. Its software translates and validates each supplier invoice, and allows suppliers to check invoice status online. All the users ' invoices are digitally signed, encrypted and stored within the Tungsten Network image archive, where the user can access them anytime. Tungsten Bank provides specialist banking products and services. It focuses on providing invoice financing solutions to small and medium enterprises (SMEs) in the United Kingdom, the United States and Europe. more »

LSE Price
47.5p
Change
-1.0%
Mkt Cap (£m)
60.5
P/E (fwd)
n/a
Yield (fwd)
n/a

Applegreen plc is a petrol forecourt retailer in the Republic of Ireland and the United Kingdom. The Company's segments include Retail Ireland, Retail UK and Retail USA. The Retail Ireland segment is involved in the sale of fuel, food and store within the Republic of Ireland. Its Retail UK segment is involved in the sale of fuel, food and store within the United Kingdom. The Retail USA segment is involved in the sale of fuel and store within the United States. The Company has its own food offer through the Bakewell and aCafe brands. It has over three different site categories, such as Motorway Service Areas, Petrol Filling Stations and Dealers. It has approximately 200 sites, including over 130 sites in Republic of Ireland, approximately 60 sites in the United Kingdom and over five sites in Long Island, the United States. It operates a range of motorway service areas in the Republic of Ireland. Its subsidiaries include Petrogas Holdings Limited, Petrogas Group Limited and others. more »

LSE Price
476.5p
Change
-0.1%
Mkt Cap (£m)
585.1
P/E (fwd)
15.0
Yield (fwd)
0.4



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


2 Posts on this Thread show/hide all

MrContrarian 21st Sep '18 1 of 2
5

My morning smallcap tweet: Yosi Fait accompli at Telit.

Science (LON:SAG), Boku Inc (LON:BOKU), Filtronic (LON:FTC), Telit Communications (LON:TCM), Westminster (LON:WSG)

Science Group (SAG) slams sonambulant SP, starts strategic review inc poss sale of co.
Boku (BOKU) Secondary placing of 11% of cap at 160, a 13% discount.
Filtronic (FTC) wins contract worth £3m to £5.7m over several years.
Telit Communications (TCM) sacks old guard CEO Yosi Fait and appoints 4 NEDS after major holder pressure.
Westminster Group (WSG) CFO leaves end Oct, appoints new one. He is thanked.

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andrea34l 21st Sep '18 2 of 2
1

I held Applegreen (LON:APGN) for a while, but sold at around 530ish after the previous update when it warned on weather and oil prices making trading conditions more challenging. These results confirm that I am happier not holding them, I feel that the huge rise in costs is far outstripping the benefits of one acquisition after another.

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