I Read The News Today Oh Boy! 22-Mar-2018

22nd Mar '18 by matylda

5 comments 4243 reads

Morning all!

Safestyle UK ( Safestyle UK (LON:SFE) ) – 90p – £74.5m – PER 6.98

Results For The 12 Months To End December 2017 – In-line but not attractive (to me).

This is staying on my Avoid list for now.

Sopheon ( Sopheon (LON:SPE) ) – 655p – £65.5m – PER 23.5

Results For The 12 Months To End December 2017 – Revenue up to $28.5m from $23.2m in 2016, PBT up to $5.1m from $3.0m and Net Cash up to $9.5m from $4.2m. $19.3m Revenue visibility versus $14.5m last year and there’s a Maiden Dividend of 2.5p.

Upped my Watchlist price here from 470p to 600p.

Cello ( Cello (LON:CLL) ) – 117p – £122.3m – PER 13.9

Results For The 12 Months To End December 2017 – Revenue up 2.4% to £169.3m (2016: £165.3m), Reported PBT of £5.8m (2016: loss of £1.7m), Net Cash of £1.6m (2016: net debt of £5.1m), FY Dividend up 2.9% to 3.50p (2016: 3.40p). A good start to 2018.

I still can’t find enough here for me to be anything but Neutral.

James Latham ( James Latham (LON:LTHM) ) – 694p – £136.3m – PER 13.2

Trading Statement For The 12 Months To End March 2018 – In-line.

I quite like this company but in-line isn’t attracting me (based on the forecasts (on Stockopedia)), I am Neutral for now.

Quixant ( Quixant (LON:QXT) ) – 379p – £250.3m – PER 21.0

Results For The 12 Months To End December 2017 – Strong revenue growth of 21% to $109.2m (2016: $90.4m), Adjusted Pre Tax Profit up 28% to $17.7m (2016: $13.8m), Fully Diluted EPS of $0.197 (2016: $0.139), Net Cash of $4.5m (2016: -$0.1m). FY Dividend of 2.6p (2016: 2.0p). “The 2018 financial year has started well, giving us confidence that the year will continue to be one of strong growth and now we anticipate delivering growth ahead of our previous expectations”.

I was previously involved here but sold out for a small loss. I bought in originally for exposure to the gaming space and reckon, based…

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MrContrarian

22nd Mar '18

My morning smallcap tweet:

Conviviality (LON:CVR), Produce Investments (LON:PIL), Quixant (LON:QXT), Parity (LON:PTY), Sopheon (LON:SPE), Utilitywise (LON:UTW)

Conviviality (CVR) last night admitted it needs to make a £125m placing to recapitalise the business. Hoi polloi will be allowed to queue up for a token £5m on top. Holders will need a drink after that.
Produce Investments (PIL) H1 EPS 5.78p (-3.21p). "The recent poor weather has resulted in a delay to the start of the planting season in both Jersey and Rowe however, the Board currently expects underlying trading profit for the full year to be broadly in line with its expectations."
Quixant (QXT) FY adj pretax up 28% (in $). Outlook - well positioned to deliver full year growth ahead of their previous expectations.
Parity Group (PTY) wins contract for all Primark's contract and interim IT staff. "Helps to to underwrite expectations for Group growth with a total opportunity of £5.3m in the year for Parity Consultancy Services, and estimated revenues in the region of £20-25m over a 3 year period for Parity Professionals."
Sopheon (SPE) FY EPS 71.92c (59.05c). Maiden div a token 2.5p. C/F only about half of pretax.
Utilitywise (UTW) delayed FY out. EPS -9.2p. Warns H2 profit will be below expectation and lower than H1. Unsuspended at 9am.

alterego

Strix (LON:KETL)
Still doesn’t much appeal to me, looks like a slow grower with a small Dividend yield.

really? the declared dividend is for 5 months. On an annualised basis the company says it's 7p, which I recall they are aiming for. If achieved it equates to 5.4%. Nice steady business, growing market worldwide, good cashflow, decent prospective yield.

matylda

Strix (LON:KETL) - Thanks for pointing that out, there's always things missed during the 1 hour window I have in the morning. That yield certainly makes it more attractive and helps explain a little more the positive market reaction this morning.

Appreciate the input, going to add this to my Watchlist, 130p,

Thanks again.

Albertos

Utilitywise (LON:UTW)

"The above profit before tax [loss?] is stated after charging £0.6m (FY16: £0.1m) for fees paid to the Group's external auditor in respect of the year-end audit. The current year figure includes £0.5m of additional audit fees, over and above the fees originally agreed by the Audit Committee, as a result of the significantly elongated and delayed year-end audit process. This additional fee will be a cash outflow during FY18."

Wow! Must have been more auditors than finance staff.

Phil

Rusty2

Quixant (LON:QXT) seems very illiquid, tried to buy some but no "live quotes" so had to do a "fill or kill" order. Stockopedia has the sp +8% but actually it does not seem to have gone up at all.

I Read The News Today Oh Boy! 22-Mar-2018

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Matylda

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