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

22nd May '18 by matylda

4 comments 3824 reads

Morning all!

Bloomsbury Publishing ( Bloomsbury Publishing (LON:BMY) ) – 207p – £155.9m – PER 15.6

Results For The 12 Months To End February 2018 – Revenue up by 13% to £161.5m (2016/17: £142.6m), PBT up 10% to £13.2m (2016/17: £12.0m), above market expectations, proposed final dividend of 6.36p, 7.51p for the year, up 12% (2016/17: 6.7p per share), Diluted EPS up 10% to 13.92p (2016/17: 12.63p) - Strong autumn book list and acquisition of I. B. Tauris & Co. Ltd ("IBT") will mean performance for 2018/19 will be well ahead of our previous expectations.

With a breakout to a 5 year high this certainly looks even more interesting now. If I don’t take a position this week, will put it on the Watchlist, 200p, to keep an eye on it.

Renew Holdings ( Renew Holdings (LON:RNWH) ) – 400p – £301.1m – PER 10.9

Results For The 6 Months To End March 2018 – In-line.

Still looks OK but that’s about all - I will remain Neutral.

Topps Tiles ( Topps Tiles (LON:TPT) ) – 69p – £133.5m – PER 10.1

Results For The 6 Months To End March 2018 – LFL for the 7 weeks to 19 May 2018 down 0.2% (2017: decreased by 5.8%), expecting FY PBT to be within the current range of market expectations.

Improvement, LFL is down but not as much as a year ago and is it fair to guess FY PBT will be at the bottom of market expectations? The Dividend is attractive here but not attractive enough for me – Yet.

Epwin ( Epwin (LON:EPWN) ) – 80.55p – £115.1m – PER 7.38

AGM Statement – In-line.

Stockopedia still likes this (StockRank 94), but I will remain Neutral for now.

Stock Spirits ( Stock Spirits (LON:STCK) ) – 252p – £504.0m – PER 15.9

AGM Statement – In-line.

Part of me tells me this is expensive and part says this could go places – For now though I will remain Neutral.

As always, all comment most welcome!

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MrContrarian

22nd May '18

My morning smallcap tweet: Marvel at the Potter Universe.

Accrol Group (LON:ACRL), Produce Investments (LON:PIL), Bloomsbury Publishing (LON:BMY), Mountfield (LON:MOGP), Epwin (LON:EPWN), Joules (LON:JOUL)

Accrol (ACRL) Open offer: 1 for 10 at 15p (same as placing price). 38% discount.
Produce Investments (PIL) warns again. As warned, weather did hit crops badly. Add in a margin squeeze and the FY profit will be substantially below mkt expectations. Moving 2019 FY end to August so that Jersey potato crop always falls within YE. What a terrible business agriculture is but is it a buying opp?
Bloomsbury (BMY) FY adj pretax up 10% to £13.2m, above market expectations. Rev up 13%. Harry Potter sales up 31%. I'm amazed at the stamina of the Potter Universe. Guides FY19 well ahead of board's previous expectations.
Mountfield Group (MOGP) orders of £2.4m, expected to be completed in this current financial year. Expect more orders from the same client this FY.
Epwin Group (EPWN) AGM stmt. Expects to meet market expectations for 2018, despite adverse weather and some continuing materials cost inflation. H2 weighting.
Joules Group (JOUL) Chmn to leave end July. Appoints CEO of DFS. "Joules is a premium lifestyle brand with an authentic heritage." A collector of zeitgeist cliches too.

JohnEustace

Safestyle UK (LON:SFE) have announced that they are taking legal action against Safeglaze, the competitor started by the previous founder of Safestyle.

"Safestyle UK PLC today issued a claim seeking injunctive relief and damages against NIAMAC Developments Ltd (trading as Safeglaze UK) and a number of named individuals. The claim is made in the Business and Property Courts of England & Wales, on the Intellectual Property list.

The claim asks the Court to determine whether Safestyle is entitled to injunctive relief and damages from what the Group considers to be passing off, the misuse of confidential information, unlawful means conspiracy and malicious falsehood. Safestyle is also applying for urgent interim relief, pending the trial of this matter.

Safestyle, the leading retailer and manufacturer of uPVC replacement windows and doors to the UK homeowner market, has invested heavily in building its leading market position over many years. The Group welcomes healthy competition in the market, but is committed to protecting its brand, its reputation, and its staff. "

https://www.investegate.co.uk/safestyle-uk-plc/rns/filing-of-legal-claim/201805211429127599O/

andrea34

SDX Energy Inc (LON:SDX) announces the Kelvin-1X exploration well at South Disouq, Egypt has been drilled to 8075 feet, encountering 606 net feet of high quality reservoir interval. However, the sands had low gas saturation and were not deemed to be commercial. Price down 7%... so obviously very susceptible to any drilling disappointment.

I've already been bitten by Renew Holdings (LON:RNWH) (and sold), with flat adjusted profits despite an improving margin there is nothing to interest me here. I got a headache trying to read the P&L!

Positive AGM from accesso Technology (LON:ACSO) with markets broadening - "...strong start to 2018, though 80% of the trading year remains, early signs give confidence in the Group's outlookwith expectations unchanged (whatever they are). We continue to diversify and make strides into greenfield areas, notably signing a significant contract with Henry Ford Health System in March 2018... We also announced an important 5-year extension to our agreement with the Cedar Fair Entertainment Co (one of the largest regional amusement resort operators in the world).Accesso ShoWare also announced an agreement with the 2018 Special Olympics USA Games for ticketing at its opening ceremony, and we have furthered our advance into the hospitality space by striking a partnership with Marriott's Gaylord Hotels.

BlueFrew

Stock Spirits (LON:STCK) - I'm long at the moment, but torn going forward. I'm sitting on a nice profit having been in as the current management turned the business around. However the price is very much up with events now, as can be seen by the fact the AGM statement has hardly moved the share price. There is probably a better opportunity to deploy that cash out there. On the other hand, it's a useful "stock" to diversify the portfolio. A small cap defensive that earns the majority of its revenues in Euros. I'll need to look at staying in or replacing it in the portfolio over the next couple of days.

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

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Matylda

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